How to Check Mutual Fund Status with Folio Number

What is the Folio Number in a Mutual Fund?

Whenever you invest in a mutual fund, the AMC opens a folio in your name and assigns a unique number. The folio number can be numeric or alphanumeric. It is linked to your Permanent Account Number (PAN) and can be used to track all your mutual fund investments with that AMC. 

Every time you invest with the same AMC, you can choose whether you wish to open a new folio or invest in the same folio. Please note, that you can add different schemes to the same folio, as long as it is the same AMC. If you wish to invest with a different AMC, you must create a new folio with a different folio number.

Who Allocates the Folio Number?

Before you begin investing, you need to complete the KYC formalities. This means that you will have to provide your identity, address and your bank account details to the AMC. This information is used for verification purposes. Once approved, the AMC opens a new folio in your name and allocates the folio number.

This folio number is a unique identifier. Subsequently, you can use this number to get the entire investment details. You will be able to get the mutual fund statement using the folio number anytime you want.

Advantages of Having a Folio Number

Having a folio number comes with the following benefits:

    • Tracing funds invested in different mutual fund schemes
    • Accessing the transacting history and obtaining the mutual fund account statement
    • Avoiding repetitive KYC processes with the same AMC
    • No need to note multiple account numbers
    • Helping the AMC to determine the unit holder's authenticity

How to Locate Folio Number

Now that you know the benefits of having a folio number, the next step is to locate it. You can use any of the following sources to identify your unique folio number.

    • Consolidated Account Statement (CAS) provided by your AMC
    • Mutual fund account statement for transacting through SIPs or lump sum investments

You can also call the AMC’s toll-free number, send them an email or visit the office to get the folio number.

Ways to Check Mutual Fund Status with Folio Number

The different ways to check mutual fund status with folio number are as follows:

    1. Check Your Mutual Fund Status Online

You can sign in to the AMC’s website or apps. You will be provided with details regarding the mutual fund transaction history, balance, and more using the folio number. 

    2. Check Fund Status Through AMC Customer Care

If you don't consider yourself a tech-savvy person, you can always visit the AMC's office to check the mutual fund statement by folio number. You will also be required to provide your PAN number to get the details. 

Moreover, you can also call or email customer care of AMC to learn about the mutual fund folio status. The customer care representatives will ask for your details, and post-verification, you will get the information you need. 

    3. Check the Status Through the Registrar's Website

Some websites of registrars such as Karvy or CAMS also enable the folio number check. You can register on these websites using your mobile number and PAN number to get the information you need.

    4. Contact Your Broker to Check Status

Several investors invest in mutual funds through a broker. To check mutual fund status, you can contact your broker with your PAN number. The broker will get in touch with the AMC and provide your folio number to acquire mutual fund investment details and real-time fund performance for you.

    5. Check Through the Consolidated Account Statement

There are two depositories in India – Central Depository Services Limited (CSDL) and the National Securities Depository Limited (NSDL) – that house all your investment accounts. Whether it is your demat account for equity investments or your mutual fund folios, these depositories collect and store all the details. 

Investors receive periodic consolidated account statements (CAS) from these depositories. They provide information about folio-wise mutual fund performance and help investors check the value of their portfolios.

Getting your folio number while investing in mutual funds is a smart move. With just this number, you can easily check your mutual fund status, make transactions like buying, selling, or switching between different mutual fund schemes, and get all the details you need. 

Apart from keeping your PAN number and mobile number handy to gather the details you need, also remember to have your folio number in place. It is a small step that can make a huge difference in managing your mutual fund investments.