#My folio number how to#

It assists the AMC to make a credible record system.

It is the easiest and most convenient way of checking investments and trade in mutual funds.

Investors can get a list of units invested in AMC instantly by using this number.

Benefits of Folio Numberįolio number offers a number of benefits. Each investment has a dedicated mutual fund folio number, nevertheless one can always have one folio number generated for all the investments. For any investment in mutual funds, a PAN number is necessary, and is a significant part of the KYC required. It is also referred to as a portfolio number. When an investor invests funds in a mutual fund, a unique folio number is generated by the fund house or AMC against the PAN. While starting the investment in mutual funds, the fund house asks for all the required details and then these are mapped together to form a unique folio number that is allotted to the investor. This unique number is mandatory to be provided by the AMC or fund houses and varies from fund house to fund house. The AMC uses this to check the holdings under the name of the person to whom the folio is linked. Hence, a folio number, identical to a bank account number, is a unique number provided to investors when they make investments. There are a huge number of investors who may have similar first or last names and it is technically not feasible to use their names as a unique ID and this is why a numeric ID is allocated. This information is also used to determine the fees applicable to the investor and the fund they are entitled to. Mutual funds need some system and mechanism to store data with respect to investments and transactions made by investors. What is Folio Number ?Īs we discussed above, with the increasing understanding of financial planning, the folio number has become one of the most known words of late as the investments in equity have increased manifold.

#My folio number how to#

In this article, we will discuss the folio number and how to check fund status with it.

One of the most significant technical terms in the mutual fund industry is Folio Number. Before making any type of investment, an investor should be well versed in the technical terms related to it. Also, awareness among the Indians about the merits of investing in mutual funds has contributed to more and more people willing to learn. The number of investors has considerably increased post-pandemic and these new investors have created momentum in the industry. Investment in mutual funds is rising day by day.