2/27/2023 0 Comments Folio number![]() ![]() Fund houses can check investors’ transaction history and contact details through this number.Investors can use it to track various investments made by them.Advantages of Fund Folio NumbersĪ few significant benefits of fund folio numbers are as follows: The relevance of folio number has recently increased due to the heightened usage of electronic record-keeping facilities. If an individual receives multiple fund folio numbers, he/she can ask the fund manager to consolidate all these numbers into one. Typically, an investor receives one single folio number for each investment made towards a particular scheme. This will also help AMCs determine which fee structure applies to each investor. AMCs can conduct such management efficiently by allotting folio numbers to all investors. Setting up a system that records all transactions carried out by an investor is crucial for a fund house. However, investors should refrain from having too many folio numbers for better management. For instance, you may have different numbers for different funds. The folio number can either be alphanumeric or numeric.įurthermore, there are no restrictions regarding the number of folio numbers you are allowed to have. The AMC or fund manager fills this space after you make your first investment. During the mutual fund application, the space for the folio number is not filled. ![]() You can access your fund folio number from your mutual fund statement, broker or fund house. This number also assists in tracking different aspects of investment, including transaction history, contact details and the sum invested to date. Understanding Folio Numberįolio number is a unique identity code issued to mutual fund investors this helps in linking their account with the particular mutual fund. Thus, it is crucial to keep this number safe. Investors can easily obtain their mutual fund statement from the fund house and update personal details with a folio number. It is often compared to a bank account number, which differs from person to person and fund house to fund house. A fund folio number is a unique number assigned by the fund house to an investor to conduct subsequent investments. ![]()
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