What is a Mutual Fund Folio? Let's Find Out

Mutual fund investment can be a great way to invest money if you're looking for an easy way to track your portfolio's performance. Mutual funds are a way to invest money in stocks, bonds, and other types of securities. It is a good way to get started investing in the stock market if you don't have much money. This is because you can start investing from as little as Rs. 500. Before investing in any mutual fund, be sure to do your research and analysis. You should also be aware of the risks involved in this type of investment, and understand the terminologies, how mutual funds work, what mutual fund folio is and how to find mutual fund status by folio number. 

Mutual fund status is the most important information for investors and there may be cases where an investor may want to know the status of his/her mutual fund investments. It tells you whether the mutual fund has been redeemed or not. Mutual funds are one of the most popular investment vehicles in India and investors need to know how they can check their mutual fund status with their folio numbers. The folio number is an alpha-numeric code that helps track any transactions made by an investor within his/her account. In this article, we are going to learn about mutual fund folio numbers, and how to check mutual fund status

This article covers: 

• What is a mutual fund folio number?
• Steps to find mutual fund account statement by folio number
• Benefits of mutual fund status by folio number

What is a mutual fund folio number?

Mutual funds are a type of investment in which money is pooled together to buy shares of different companies. Investors can buy and sell the units of a mutual fund at any time. However,  the fund manager will decide when to sell and buy new shares and what shares to buy and sell.

Mutual funds are registered in a folio number. You can check the folio number of a mutual fund to find out its status. Mutual fund status is the current status of a mutual fund. The folio number is a unique identifier for every mutual fund.

Mutual fund statement gives you complete details of transactions of a single as well as multiple folios. These folios should be linked with CAMS-serviced mutual funds. They will send the statement via email.

Mutual fund status can be checked with the folio number in India. The folio number is used for all transactions related to the mutual fund. Investors need to keep a track of their current status of investments before they invest their money in the next fund.

You can find your folio number in mutual fund for a particular AMC: 

1. On the top corner of the CAS or consolidated account statement. This statement is sent by your AMC periodically. 
2. When you make a lump sum or SIP investment in a mutual fund, you receive a mutual fund statement that includes the folio number. 
3. You can physically visit the branch of your AMC and request them to provide your folio number check.

Key takeaways: 

• A mutual fund folio number is an account number that is assigned to every investor who invests in a mutual fund. The folio number is unique for every investor and it must be provided at the time of opening a new account or transferring an existing one from one company to another.
• Folio number in mutual funds helps in maintaining a proper record of the transactions made by you.
• Mutual fund status by folio number also helps in identifying where one's money is invested and what return it has generated for them.

Steps to find mutual fund account statement by folio number

Mutual fund folios are a document that accompanies a mutual fund investment. The folio includes information about the fund, such as its composition and performance. You can check the status of a mutual fund folio online using the folio number.

To check the status of a mutual fund folio online, you'll need to know the folio number. 

1. Online mode: 

With the advent of the internet and technology, investors mostly prefer to do their investments online. There are various websites such as CAMS, Karvy, etc. that allow investors to check their mutual fund status. All you have to do is register yourself on these websites by providing your PAN card details and mobile number. It helps you to track the performance of mutual funds. 

      2. AMC (asset management company) customer care: 

Call customer care of the respective AMC to know the status of your mutual fund. The service provider will ask you to provide a folio number and PAN card for verification. Once the verification is completed, they will provide details of your mutual fund under your PAN. However,  if your mutual fund investment is in multiple asset management companies, you will need to contact them separately.

     3. Mutual fund's website: 

Every mutual fund has its website and you can check the status of your mutual fund by logging in. you need to provide your PAN card, email ID, folio number, and mobile number. 

    4. Contact your broker: 

Most people do their mutual fund investments from their broker and the brokers have all the information and details about the investments done by their clients. The brokers will provide your folio number after making a request and they will also give you an update on your mutual fund investment status.

   5. Consolidated account statement: 

A consolidated account statement is a statement that includes all the details of your investment in mutual funds and stocks. This statement is provided by the depository institutions of India. The two leading depository institutions of India are NSDL (National securities depository limited) and CDSL (Central depository services limited. These two depositories are responsible for collecting and analyzing the mutual funds and stocks investment done by individual investors. Moreover, these depository institutions send consolidated account statements every month through email if you have a Demat and trading account. Hence, it allows investors to track their investments.

Benefits of mutual fund status by folio number

1. It helps in identifying your investments with ease. Investors get key details of their mutual investments in a specific AMC such as the list of the number of units invested in a mutual fund scheme, transaction details, etc. 
2. It helps you to keep track of your investments across various schemes and funds. 
3. It helps you identify what your investments are and how much they have grown for you.
4. It allows you to switch between schemes without any hassle as all your details will be available on this account

Conclusion

You can use any of the above-mentioned methods to find mutual funds status through the mutual fund folio number. You need to keep in mind that the mutual fund folio number remains the same even if you have bought a different mutual fund scheme from a fund house. Usually,  the fund house creates various folio number in mutual funds under one PAN card. Your AMC will send the mutual fund investment statement if you contact them to find your mutual fund folio number. However, you should always keep all the records of your investments in one place so that they don't get cluttered.

This is not investment advice. Investments in the securities market are subject to market risk, read all the related documents carefully before investing. Past performance is not indicative of future returns.