How to check mutual fund status with folio number?

Mutual funds can be a suitable option for investors seeking the potential for wealth creation through a diverse, professionally managed portfolio of stocks, bonds, and other instruments. However, investing in mutual funds also requires careful management of one’s mutual fund assets. In this regard, the mutual fund folio number is a unique identifier that can help you monitor the status of your mutual fund portfolio in an easy and convenient manner.

• Table of contents

1. What is a folio number in mutual fund?
2. Why is the folio number relevant to the investor?
3. Where to locate folio number?
4. Ways to check mutual fund status with folio number
5. How to retrieve your folio number if lost or forgotten
6. Features of a folio number
7. Benefits of mutual fund folio number

What is a folio number in mutual fund?

A mutual fund investor's specific identification number is known as mutual fund folio number. You are allocated a mutual fund folio number when you invest in a mutual fund for the first time. The mutual fund folio number stays the same even if you increase your investment in the scheme or switch to schemes within the same fund house. However, if you invest with a different fund house, you will be allocated another folio number by the new AMC.

Why is the folio number relevant to the investor?

A folio number serves as a reference for all transactions and holdings within that account. It’s significance is as follows:

1. Unique identification:Each folio number is unique to an investor within a mutual fund company, helping distinguish their account.
2. Consolidation of holdings:It groups multiple investments in the same mutual fund company under one account, making it easier for tracking.
3. Ease of transactions:Investors can use the folio number to initiate purchases, redemptions, or transfers, simplifying transaction processes.
4. Tracking and statements:The folio number allows investors to access account statements, check transaction history, and monitor portfolio performance.

In this way, a folio number simplifies mutual fund account management.

Read Also: How to add multiple bank details to your folio

Where to locate folio number

There are three ways to find your folio number if you want to access it:

• App or website of the fund house:You can log in to the AMC’s app or website to check your folio number. You can visit the investor portal of your fund house.
• Account statement:You can find your folio number in your mutual fund statement handed to you at the time of investment. You will also receive the statement in a physical mail, email, and SMS from the fund house.
• Customer service:Investors can also contact the customer service helpline of the mutual fund house or the RTA to inquire about their folio number.

Ways to check mutual fund status with folio number

Here are the different ways to check mutual fund status with folio number:

• Check online - Using the folio number, you may check the mutual fund status online through the AMC app/website or registrar services such as CAMS and Karvy.

Here are the steps:

1. Login/Register
2. Access Account Information
3. Enter Folio Number
4. View Status

After entering the folio number, you can view details such as current holdings across schemes, transaction history, NAVs (Net Asset Value) etc.

• Visit branches – You may also provide your mutual fund folio number and PAN to the appropriate AMC office when you visit to get a statement generated.
• Speak with your distributor to verify status - Many investors seek the help of distributor to make their mutual fund investments. Provide your PAN details to inquire about the status of your mutual fund. The distributor will contact the AMC on your behalf and provide your folio number to get information about your mutual fund investments and current fund performance.

How to retrieve your folio number if lost or forgotten

If you have lost or forgotten your mutual fund folio number, don't worry. There are several ways to retrieve it easily:

• Check mutual fund statements or emails
  Look through your previous mutual fund account statements, transaction confirmations, or emails from the Asset Management Company (AMC). The folio number is usually mentioned in these documents.
• Log in to AMC’s online portal or mobile app
  Visit the official website or app of your mutual fund’s AMC. If you have registered your email and mobile number, you can log in using your PAN or other credentials to view your folio details.
• Contact the Registrar and Transfer Agent (RTA)
  RTAs like CAMS or KFintech manage mutual fund records for most AMCs. By providing your PAN, name, and other identity details, you can request folio number information from them via phone/email or through their online service portals.
• Check with your broker or distributor
  If you invested through a broker or financial distributor, they can often retrieve your folio number for you upon verification of your identity.
• Use PAN-based search tools
  Some AMCs and RTAs provide a PAN-based folio search option on their websites. By entering your PAN and other verification details, you can quickly get a list of your folio numbers.

Always ensure your personal details match your mutual fund records to retrieve the folio number successfully. Keeping a digital copy of your folio number can help avoid such situations in the future.

Features of folio number

Folio numbers can be alphanumeric or numeric. Each investor has a unique folio number that can be used to track the status of mutual fund investments.

Benefits of mutual fund folio number

The following are some of the main advantages of having a mutual fund folio number for investors:

• Track different investments: An MF folio number makes it easy to track different investments made by the investor in different plans within the same AMC.
• Easy to make new investments: Once a folio number is allocated to the investor, they can make fresh investments with the same fund house without undergoing KYC formalities each time. The fund house can also track the investor’s contact information and transaction history with the folio number.
• Identification: The folio number uniquely identifies each investor's holdings within a mutual fund scheme thus adding to transparency and security.
• Record keeping: All transactions, such as purchases, redemptions, switches, etc., are recorded and tracked using the folio number.
• Communication: Investors use their folio number for all communication with the mutual fund house regarding their investments.
• Taxation: Folio numbers can help in accurately reporting capital gains, dividends, and other income generated from mutual fund investments.

Read Also: CAN Number in Mutual Fund: Meaning, Full Form and Benefits

Conclusion

A mutual fund folio number is a unique alphanumeric code that is allocated to each mutual fund investor. It plays a crucial role in record-keeping, identification, communication, and taxation related to mutual fund investments in India. Moreover, investors can use their folio number to easily track the status of their mutual fund investments or reach out to the AMC in case of any queries, both online and offline. Knowing about folio numbers can help investors monitor and track their portfolio efficiently. To make more informed decisions, you can use tools like a lumpsum calculator before making a mutual fund investment. The tool helps you assess the potential returns on your investment based on your lumpsum investment amount, tenure and expected returns. You can use this information to identify an investment amount and tenure that is suited to your goals. Do note, however, that the calculator's estimates are based on your inputs and actual returns may or may not be along expected lines. Additionally, SIP calculator can assist you in planning your investments and estimating potential returns based on your contributions.

FAQs:

What is a folio number?

Folio numbers are identification numbers, either alphanumeric or numeric, that mutual fund houses or AMCs provide to their investors. Each investor has a unique folio number. You can use the folio number to track the status of your mutual fund investments.

Is a folio number required to redeem mutual fund units?

Yes, to redeem mutual fund units, you need to have your folio number. In addition to assisting in locating the investor's account, the folio number guarantees that the redemption funds are credited to the appropriate account.

Is my folio number changeable?

The mutual fund firm assigns the folio number, which doesn't change during the investment journey. You may modify your personal information or move across mutual fund schemes within the same fund house while still using the same folio number. However, you will get another unique folio number if you invest with another fund house.

Can I have multiple folio numbers?

Yes, it’s possible to have more than one folio number. Each folio number corresponds to a unique account for a specific mutual fund scheme, allowing investors to hold investments in different schemes or have separate accounts for various purposes.

How do I download my mutual fund statement with folio number?

You will need to visit the official website or the app of your chosen fund house. You may have to enter your registered mobile number or PAN to log in. Each website will have a different interface, but you will typically need to find a Reports and Statements section, select the relevant folio and select the download option.

How do I retrieve a lost or forgotten folio number?

You can retrieve your folio number by checking previous account statements or email confirmations from the AMC, logging into the AMC’s online portal or app, contacting the Registrar and Transfer Agent (RTA) like CAMS or KFintech with your PAN and identity details, reaching out to your broker or distributor, or using PAN-based search tools on AMC or RTA websites.

What is a consolidated account statement (CAS), and how is it related to folio numbers?

A Consolidated Account Statement (CAS) is a unified report that lists all your mutual fund holdings across different folios and AMCs in one place. It helps investors keep track of all their folio numbers and investment details conveniently.

How to ensure my folio number is secure?

Keep your folio number confidential and avoid sharing it publicly or with unverified sources. Store it securely in your personal records or trusted digital storage. Use secured internet connections when accessing AMC portals, and update passwords regularly.

Can folio numbers be consolidated?

Yes, it is possible to consolidate multiple folio numbers into a single folio if you hold multiple folios in the same AMC. This can simplify tracking and managing your investments. For folios across different AMCs, consolidation is not possible since each AMC assigns unique folios.

Are folio numbers unique across all mutual funds?

Folio numbers are unique to each AMC but not necessarily across all mutual funds. The same folio number may exist in different AMCs, so it is important to reference the AMC along with your folio number for clarity.

Can I check my SIP status with the folio number?

Yes, you can check your Systematic Investment Plan (SIP) status by providing your folio number on the AMC’s website, through the RTA portals, or by contacting your distributor. The folio number helps locate your investment and SIP transaction details.

What documents do I need to check my mutual fund status offline?

To check your mutual fund status offline, carry your folio number, a valid photo ID (such as PAN card or Aadhaar card), and proof of address. Visit the AMC office or your distributor with these documents to get assistance with your investment status.

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Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
This document should not be treated as endorsement of the views/opinions or as investment advice. This document should not be construed as a research report or a recommendation to buy or sell any security. This document is for information purpose only and should not be construed as a promise on minimum returns or safeguard of capital. This document alone is not sufficient and should not be used for the development or implementation of an investment strategy. The recipient should note and understand that the information provided above may not contain all the material aspects relevant for making an investment decision. Investors are advised to consult their own investment advisor before making any investment decision in light of their risk appetite, investment goals and horizon. This information is subject to change without any prior notice.