Table of Contents
- 1 What can you do with mutual fund folio number?
- 2 Can I move fund from one folio to another?
- 3 How do I combine two folios in mutual funds?
- 4 Is folio number same as account number?
- 5 Can folio be deleted?
- 6 How to invest in mutual funds through AMC?
- 7 Are mutual fund direct plans the best option for do-it-yourself investors?
- 8 How to invest in direct mutual funds through MFU?
What can you do with mutual fund folio number?
Advantages of Folio Number
- It’s the easiest way to check an investor’s record.
- Folio number can trace funds deposited by the investor in different fund plans.
- It can dig up transaction history and investor’s contact information.
- Avail investment statements for any periods using the folio number.
Can I move fund from one folio to another?
Folio consolidation can be done only at a mutual fund level. Folios held across different mutual fund houses cannot be merged.
Can I have same folio number for different AMC?
Yes you need to have different folio no.’s when you invest in different AMC. Its just like you will be having different account no.’s for your different bank accounts. Folio number is a unique number assigned to an investor by an AMC. It is just like a bank gives an account number.
How do I combine two folios in mutual funds?
For example if you are holding 4 funds of an AMC under different folio numbers, then you can write to the AMC or registrar with the folio numbers that you want consolidated and the target folio into which you want these folios consolidated.
Is folio number same as account number?
What Is a Folio Number? In mutual funds, a folio number is a unique number identifying your account with the fund. Like a bank account number, the folio number can be used as a way to uniquely identify fund investors.
Is it OK to share folio number?
Not always. Some advisers also feel that separate folios can be held if each folio is linked to a specific goal. In such cases, it’s okay to have the same scheme in two different folios as long as the two folios have been clearly earmarked for different goals.
Can folio be deleted?
Please Note:- An Investor can only be deleted when there are no folios / transactions mapped under the Investor. Incase you wish to delete an investor with active folios, you must either delete all the folios under the investor or remap all the folios under this investor to a different investor.
How to invest in mutual funds through AMC?
You can invest in a mutual fund directly through the Fund House. However, you will be required to visit the AMC for the first time in order to get your KYC done. The next investments might not require you to make a visit provided that the AMC offers an online option for investment in various schemes.
How to track Your direct mutual fund portfolio online?
If you invest in Direct mutual fund plans through multiple fund house websites, tracking your MF portfolio can be a bit challenging task. In this scenario, you can create dummy portfolio on web portals like Economic times or moneycontrol.com and can track your portfolio online.
Are mutual fund direct plans the best option for do-it-yourself investors?
Mutual Fund direct plans are the first choice of do-it-yourself investors. The reason is simple, direct mutual fund investment eliminates the need of a distributor. Hence, it not only saves on transaction costs if any, mutual fund direct plans come with lower fees.
How to invest in direct mutual funds through MFU?
To invest in direct mutual funds via the MFU platform, you will first need to create a CAN (Common Account Number). CAN is a unique reference number issued by MFU. The CAN will map all your existing mutual fund folios across fund houses (participating in MFU), thereby providing you with a consolidated view of all your mutual fund investments.