How to Check Mutual Fund Status with Folio Number

You can check your mutual fund status using your folio number through several methods. Log on to the mutual fund company's website or app with your folio number and other required details online. You can also use the website of an AMC or registrar like CAMS, though registration may be required on a registrar's site. Additionally, you can obtain consolidated account statements from AMCs, which are free and provide information about your scheme and folio number. If you invested through a broker or distributor, they can track your status for you.

Alternatively, you can visit the AMC office with your folio number and possibly your PAN number for verification. Another option is to call or email AMC customer care and provide your folio number and PAN. They can give you details about your holdings after verifying your information. In this article, we will explore these different ways to check mutual fund status step by step. Let's dive into the details below.

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.

Why is the folio number relevant to the investor

Mutual fund statements summarise your investment history. They work like regular bank account statements that sum up all the transactions made through a particular bank account. The folio number is an integral part of your mutual fund statement since it acts as a unique identifier for your investments in the fund. MF statements present a consolidated record of all the investment transactions made through a single folio number. Since all your investments are made through this unique folio number, tracking and managing your investments with the AMC becomes easier. Therefore, understanding the significance of an MF folio number is crucial for investors looking to learn how to check mutual fund status.

How to find your folio number?

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.

Features of a folio number

Folio numbers are unique numeric or alphanumeric identification numbers assigned to individual MF investor accounts. Some folio numbers may also be separated by a slash (/) sign. If you are wondering how to locate your folio number, simply review the Consolidated Account Statement or CAS shared by the AMC. Your folio number is mentioned on the top corner of the CAS. Let’s understand the features of a folio number:

With different AMCs

As a mutual fund investor, you should note that different AMCs issue different folio numbers. Each time you buy funds from a different AMC, the new AMC allots you a fresh folio number. You cannot use this folio number to invest in mutual fund schemes from a different AMC. So, if you have a folio number for an HDFC mutual fund, you cannot use it to invest in an ICICI Pru Life fund.

With the same AMC

If you are investing in different mutual fund schemes of the same AMC, no new folio number is allotted. In simple words, you can use the folio number issued by one AMC to invest in multiple MF schemes offered by that same AMC. However, you can also have multiple folio numbers with the same AMC. If you want your investments to remain under one folio number, you can quote the initial folio number allotted for subsequent investments. If not, a separate folio number is allotted.

While there is no limit on the number of folios you can possess, maintaining multiple MF investments under the same folio number helps simplify the record-keeping and tracking process. If you have investments in a single MF scheme with different folio numbers, you can request for the consolidation of these folio numbers into one.

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.

Understanding the significance of PAN number in mutual funds

The Permanent Account Number (PAN) is crucial in mutual funds as it serves as a unique identifier for investors, ensuring compliance with tax regulations and KYC (Know Your Customer) norms. It helps in tracking all financial transactions and investments, preventing tax evasion and fraud. Providing a PAN is mandatory for investing in mutual funds, and it enables seamless processing of transactions, redemptions, and dividend payouts. It also allows for the consolidation of all investments under a single identifier, facilitating better management and monitoring of one's investment portfolio.

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.

Essential tools for mutual fund investors