What is the Folio Number?
When you invest in a mutual fund scheme, the asset management company (AMC) generates a unique folio number linked to your Permanent Account Number (PAN). This number is also referred to as a Folio Number. A PAN number is a mandatory requirement for mutual fund investments and is a crucial part of the KYC (Know Your Customer) information.
This number is used to track the investor’s investments and transactions and to ensure accurate record-keeping. Checking mutual fund transactions and status using folio numbers has become more accessible through various applications.
5 Ways to Check Mutual Fund Status with Folio Number
1. Check Fund Status Through Online Mode:
Individuals mostly prefer investing online these days. Some websites like Karvy, CAMS, etc., allow you to check your fund status through a folio number. You only have to register on these websites with your mobile number and PAN card.
Long Term Portfolio
The right mutual funds for your long-term goals with inflation-beating growth plus risk management.
Indicative returns of 10-12% annually
Investment horizon of 5+ Years
Long term goals such as retirement or building your wealth
2. Check Fund Status Through AMC Customer Care
You can call the customer care of the respective asset management company to know your mutual fund status. You have to provide details like PAN card and folio number to the service provider. Once verified, the service provider will provide details of the funds under your PAN. If the investment is in different AMCs, you must contact the respective fund house.
3. Check Fund Status from Fund’s Website:
Every fund house has its dedicated website as it allows different fund investment options. Also, you can check the mutual fund status by logging in. However, you first need to register yourself with a PAN card, mobile number, email ID and folio number.
4. Contact Your Broker to Check Status:
Many people invest in mutual funds through a broker/distributor where they have all the details about the client’s investments. The broker can track the mutual fund status through your folio number. You can directly contact your broker to know about your mutual funds status.
5. Check Through Consolidated Account Statement:
The two depositories in India, namely, NSDL and CDSL collect and analyse the investment of individuals. Suppose you own a demat account and invest in mutual funds through it. In that case, the depository sends monthly consolidated account statements through email containing all the details of investments in stocks and mutual funds. This helps to track your mutual fund status.
You can use any of the above methods to track your mutual fund status through folio number. If you purchase multiple schemes from a fund house, the folio number remains the same. Sometimes, the fund house creates different folio numbers under one PAN card. If you forget your folio number, you can always contact the AMC to send your mutual fund statement, which contains the folio number. Moreover, the folio number is linked to the PAN card, so there is no need to be worried.
Advantages of Having a Folio Number:
- Easy Tracking: With a folio number, an investor can easily track their investments and monitor their portfolio’s performance.
- Convenient Transactions: A folio number also enables easy transactions such as buying, selling, or switching between different mutual fund schemes.
- Quick Access to Account Information: By quoting the folio number, an investor can quickly access their account information, such as transaction history, account balance, and more.
- Consolidated Statements: A folio number also enables the investment company to generate consolidated statements that show all of an investor’s investments in one place, making it easier to track performance and manage their investments.
Who Decides and Allocates the Folio Number?
The folio number is a unique number generated and allocated by the Asset Management Company when you invest in a mutual fund. The folio number is linked to your Permanent Account Number (PAN). Think of it like a bank account number for mutual funds. The fund company uses this number to keep track of your holdings. It’s like a unique code that links all your investment details together for a fund.
How to Find the Folio Number for Mutual Funds??
You can locate the folio number in the account statement or mutual fund statement. It can also be found on the mutual fund’s website or obtained by contacting the investor’s registered mutual fund distributor or the AMC directly.
Frequently Asked Questions
Yes, a folio number is a mandatory requirement for investing in mutual funds, as it is used to track the investor’s investments and transactions.
Yes, an investor can have multiple folio numbers with different mutual funds or AMCs.
No, a folio number is a unique identification number that cannot be changed. However, an investor can merge multiple folio numbers into one by submitting a request to the AMC.
Yes, a folio number is necessary for the redemption of mutual fund units as it helps to identify the investor’s holdings.
Yes, a folio number can be used for tax purposes as it helps to track the investor’s investments and transactions for tax reporting purposes.
Folio numbers are for mutual funds. Thus, you cannot use folio number to check shares.
Recommended Read: Capital Gain Statement