How to Check Mutual Fund Status with Folio Number

Folio numbers offer several advantages for investors in mutual funds. Once you have your folio number, you can use it to check the status of your mutual fund investments. Explore how to check mutual fund status with Folio Number.
Check Mutual Fund Status with Folio Number
4 mins
26-April-2024

Investing in mutual funds has become increasingly popular in India, offering individuals a chance to grow their wealth. As an investor, it is crucial to keep track of your mutual fund investments, and the folio number plays a significant role in this process. In this article, we will explore the importance of the folio number and guide you on how to check your mutual fund status using this unique identifier.

What is the Folio number in a mutual fund?

A folio number is a unique identification number assigned by an Asset Management Company (AMC) when you invest in a mutual fund. This alphanumeric code is linked to your Permanent Account Number (PAN), which is essential for Know Your Customer (KYC) verification during the investment process.

How to find your folio number?

Method

Description

Account Statement

Look for your folio number on your physical or digital mutual fund account statement sent periodically by the fund house.

Online Account

Log in to your online account with the mutual fund company to access your folio number directly from your dashboard.

AMC Website

Visit the official website of the Asset Management Company (AMC) that manages your mutual fund. Some AMCs allow you to retrieve your folio number by entering your PAN and other personal details.


How to check mutual fund status with folio number?

Now that you understand the importance of the folio number, here are different ways to check your mutual fund status using this unique identifier:

Check your mutual fund status online:

  1. Visit the official website or app of your AMC.
  2. Access details regarding transaction history, fund balance, and more.

Check fund status through AMC customer care:

  1. Visit the AMC's office or call/email customer care.
  2. Provide necessary details for verification to get your mutual fund folio status.

Check the status through registrar's website:

  1. Register on registrar websites using your mobile number and PAN to access information.

Contact your broker to check status:

  1. If you invested through a broker, contact them for mutual fund status updates.
  2. Brokers can provide real-time information about your investments.

Check through consolidated account statement:

  1. Investors with a demat account receive consolidated account statements from depositories (CDSL/NSDL).
  2. These statements, sent via email, include folio-wise mutual fund performance details.

Who Decides and Allocates the Folio Number?

To invest in something like a mutual funds, fixed deposit (FD), or stocks, you must first complete the Know Your Customer (KYC) process. For mutual funds and stocks, you provide this information to the broker or AMC, for FDs, you provide this information to the bank or NBFC.

In the case of mutual funds, the Asset Management Company (AMC) in charge of the fund will give you a folio number connected to your PAN. This folio number helps the AMC keep tabs on your investment details, manage your investments, and apply any necessary charges.

Advantages of having a Folio number

Having a folio number brings multiple benefits like:

  1. Effortless tracking: Easily monitor funds across various plans.
  2. Comprehensive history: Access a detailed transaction history and mutual fund account statement.
  3. Simplified KYC: Avoid repetitive KYC procedures with the same fund house, since your Folio number is linked to your PAN.
  4. Time savings: Eliminate the hassle of managing multiple account numbers.
  5. Enhanced authenticity: Assist the AMC in verifying the authenticity of the unit holder.

Where do I locate my folio number for a particular AMC?

Locating your folio number is crucial for checking your mutual fund status. You can find your folio number in the following places:

  • CAS document: The top corner of your Consolidated Account Statement (CAS) provided periodically by your AMC contains the folio number.
  • Mutual fund account statement: If you transact through SIPs or lump-sum investments, the mutual fund account statement also displays the folio number.
  • Contacting AMC or RTA (Registrar and Transfer Agent): You can call the toll-free number or send an email to the AMC to inquire about your folio number.
  • Visiting AMC office: Visit the office of your AMC to request and retrieve your folio number.

Conclusion

Checking your mutual fund status using the folio number is a straightforward process that empowers investors to stay informed about their investments. Always keep your folio number, PAN, and mobile number handy to access the details you need. The folio number not only facilitates tracking but also simplifies transactions, making it a valuable component of your mutual fund journey.

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Frequently asked questions

Where can I locate my folio number?

Your folio number is typically found at the top of your Consolidated Account Statement (CAS) provided periodically by the AMC. It's also available in the mutual fund account statement for SIPs or lump sum investments.

How long does it take to get a folio number?

Upon investing in a mutual fund through an AMC, a folio number is allotted instantly. The process is swift, and investors receive their unique identification for tracking purposes.

Can I withdraw or redeem mutual fund units using folio numbers?

Yes, you can use your folio number to withdraw or redeem mutual fund units. This unique identifier helps in facilitating various transactions related to your mutual fund investment.

Can I have 2 SIPs with the same folio number?

Yes, you can have multiple SIPs (Systematic Investment Plans) with the same folio number. This streamlines the tracking of your investments and provides a consolidated view.

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

You can download your mutual fund statement by folio number from the official website or app of the respective AMC. These platforms offer easy access to transaction history, balances, and other details.

Can I have multiple folio numbers for my investments in the same mutual fund?

Yes, it's possible to have multiple folio numbers for investments in the same mutual fund. However, investors can request consolidation for easier management.

Is the folio number same for all mutual funds?

No, your folio number is unique to each AMC (Asset Management Company) you invest with. You'll have a different folio number for each mutual fund company you invest through.

What is the use of a folio number?

Your folio number acts like your account number for your mutual fund investments with a specific AMC. It helps track your holdings, transactions (purchases, redemptions), and overall performance within that AMC.

What's the difference between a mutual fund (MF) and an MF folio?

A mutual fund (MF) is the investment scheme itself, where your money is pooled with others to invest in stocks or bonds. Your folio number is a unique identifier assigned to your account within that specific mutual fund scheme with a particular AMC.

What is an example of a folio number?

A folio number can be alphanumeric, typically a combination of letters and numbers. For instance, it might look like "ABCD1234" or "1234-XYZ."

Can I change the folio number of a mutual fund?

Generally, no. Your folio number is linked to your KYC (Know Your Customer) details and remains constant for all your investments with that AMC. If you want to invest with a new AMC, you'll receive a new unique folio number specific to them.

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