Last Updated on Jan 16, 2023 by Aradhana Gotur
Your bank account number, customer ID, client ID, debit and credit card account number, and other IDs help financial institutions identify their clients. These IDs are unique for every customer, and so it helps track their account and associated transactions. A folio number in a mutual fund also serves a similar purpose.
In this article, let us discuss mutual fund folio number, features, benefits, and how to use it to check the status of your investment.
Table of Contents
Folio number meaning
In mutual funds, a folio number is a numerical figure assigned to investors. It is a unique identification number that helps identify investors of the mutual fund. Asset Management Companies (AMCs) issue a unique folio number to every investor on making a new investment.
Features of the folio number
- Folio numbers can either be numeric or alphanumeric.
- You have two options when you want to invest in multiple schemes of the same mutual fund house. You can either invest with the same folio number or choose a new one for every new investment.
- In case you have multiple folio numbers in the same AMC and want a single number for easy tracking, you can request the AMC to consolidate your folios into a single folio number.
- When you invest in mutual fund schemes of different AMCs, each one issues a unique folio number for their schemes. As such, your folio number will vary across AMCs.
Benefits and uses of folio number
- It helps AMCs authenticate their investors and maintain their investment records
- It allows investors to monitor and access transaction records
- Using the same folio number for different schemes of an AMC helps investors track their investments
- It helps investors check their account statement
- It negates the requirement of KYC formalities for further investments
- It allows AMC to check for KYC compliance in your previous fund schemes
- It helps investors make transactions in mutual fund schemes
How to find the folio number?
This can be done in various ways as follows:
- Through the Consolidated Account Statement (CAS)
Your AMC issues a Consolidated Account Statement every month for free. It contains details of all your mutual fund transactions including the folio numbers of every scheme actively running in your name.
- Through the AMC
Log into your mutual fund account on AMC’s website or mobile application and check your folio number.
- Through R & T Agents
If you have invested in mutual fund schemes through Registrar and Transfer agents (R & T Agents), you can get your folio number from them. Log into your account on the website or mobile application of the R & T agent to find out the folio numbers of your mutual fund investments.
- Through your broker or distributor
If you have invested in schemes through a broker or a mutual fund distributor, you can find your folio numbers on their websites and mobile applications.
- In mutual fund statement
On making a lumpsum investment, transacting through SIP, or making a redemption, the AMC sends you a mutual fund statement. This statement contains your folio number.
- Toll-free number or registered email ID
You can call the AMCs on their toll-free number or send an email from your registered id requesting your folio number.
- Offline/physical way
You can walk into any branch of the AMC or the registrar and request your folio number after identifying yourself.
How to check mutual fund status with folio number?
- Check online
You can check mutual fund status online using the folio number through websites of the AMCs and registrars like CAMS. To go through the latter route, you need to do a one-time registration on the website.
- At the AMC office
You can also walk into the respective AMC office and have a statement printed by giving them your folio number and PAN.
- Through the registrar’s website
You can also visit the website of the Mutual Fund Registrar – CAMS and Karvy. These are the record keepers of the fund. On the website, enter your PAN, folio number, and mobile number to get a statement. Additionally, you can also consolidate multiple folios across registrars by mapping your PAN.
Using a single folio number when investing in different schemes of the same AMC makes it easy to track and manage multiple mutual fund investments. Keep your folio numbers handy and use them whenever you need to generate your account statements or simply check how your mutual fund scheme is performing.
If you plan on investing in a new mutual fund scheme or more in an existing scheme, do so only after analysing its performance. Use Tickertape’s Mutual Fund Pages to know details like the entry and exit load, fund manager’s performance, expense ratio, associated risk, and return expectations. You can also use Tickertape’s Mutual Fund Screener to discover schemes based on your preference.
Frequently asked questions (FAQs)
What is a folio number?
Folio number means a numeric or an alphanumeric ID that an AMC or a mutual fund house assigns to its investor. Folio is unique to every investor. As a mutual fund investor, you can use the folio number to monitor your investment and track your transactions.