How to Check Your Mutual Fund Status with a Folio Number?

Whenever you invest your hard-earned money in any instrument, it is essential to track it to understand how well your money works for you. Usually, every investment has a unique ID that helps you track its performance. For mutual funds, the unique ID is called the folio number. This guide will explain how to use your folio number to check on your mutual funds and discuss the role of the companies that allocate and manage these funds.

Without further ado, let’s get into it!

What is a Folio Number?

A folio number is a unique code given to you by the mutual fund company. It works like an account number, making it easier to monitor your investment. 

Who Decides and Allocates the Folio Number?

Whenever you begin investing in any instrument, you need to complete the KYC formalities before you can begin the investment. For FDs, you share it with the bank; for stocks and mutual funds, you share it with the broker through which you invest. So when you invest in a mutual fund, the particular AMC managing the fund will assign you a folio number linked to your PAN. The AMC uses this folio number to keep track of your investment details, manage your investments, and apply any related charges. Examples of AMCs are HDFC MF, ICICI Pru MF, etc. 

Understanding Mutual Fund Folios

Folio numbers can be just numbers or a mix of letters and numbers. They are essential in keeping track of your investments with different AMCs. Each investment with a different AMC will have its folio number linked to your PAN.

A crucial thing to understand about folio numbers is that you can choose a single folio number for all your mutual fund investments under the same AMC, or you can choose different folio numbers for all your mutual fund investments based on your convenience. 

Advantages of Having a Folio Number

• Unique Identification & Portfolio Monitoring: A folio number serves as a unique ID for investors, streamlining portfolio monitoring and simplifying transaction processes.
• Streamlined Transactions: Folio numbers save time and effort by eliminating the need for repetitive KYC compliance for transactions within the same AMC.
• Digital Accessibility: Digitised folio numbers can be accessed anywhere in India, offering online convenience and flexibility.

Where do I locate my folio number for a particular AMC

Before reviewing account statements with folio numbers, the initial question that persists is where to locate the folio number. It’s recommended to keep records both online and offline for folio numbers, account numbers, credit card details, etc., for secure and convenient access. However, even without such records, finding your folio number is easy. Here’s a simple guide on how to locate it.

• You can find your folio number in the top corner of the Consolidated Account Statement (CAS) sent periodically by the AMC.
• Mutual Fund Statements for SIPs, lump-sum investments, or redemptions also contain the folio number.
• You can also call the toll-free number or send an email from your registered ID to the AMC to obtain your folio number.
• Visit AMC or registrar branches and provide identification to request your folio number in person.

How to Check Mutual Fund Status Using Your Folio Number

There are different ways to find out how your mutual funds are doing using your folio number, both online and in person:

Online Methods

• Registrar Website: Websites like CAMS or Karvy let you check your fund status by entering your PAN, folio number, and mobile number.
• AMC Website: Sign in on the AMC’s website and go to the mutual fund status section to see your investments.
• Brokerages: Ask your brokerage or use their website to find out about mutual funds linked to your folio number.
• Consolidated Account Statement (CAS): Get summaries of your mutual funds if you have a Demat account, sent through email by CDSL or NSDL.

Offline Methods

• AMC Office Visit: Go to the AMC office, give them your folio number and PAN, and request a printout of your investments.
• AMC’s Customer Care: Call their customer service with your PAN and folio number for information.
• Financial Advisor: Your financial advisor can get detailed information from AMCs or registrars about your mutual fund investments.

Final Thoughts

Folio numbers are crucial in managing your mutual fund investments. They are the cornerstone of identification for mutual fund investments; therefore, choose your method of having singular or multiple folio numbers based on your convenience.

Frequently Asked Questions (FAQs)