A folio number is a unique number allotted to each mutual fund investor.It can be considered similar to a bank account number when we open a bank account.
When a mutual fund investor purchases a fund, a folio number is assigned by the asset management company.However there is no restriction on the number of folios. An investor can also have different folio number for different funds. But having a single or unique folio number per customer helps both mutual fund organization and the investor to track the holdings or investments.
Folio number can be used to fund investors’ track records of items such as how much money investor has placed with the fund, transaction history and contact details. An investor can also find the folio number on investment statements or can ask for it from the fund house. When you register with the mutual fund house, folio number is left empty in the application form. Folio number is generated when you make the first investment with the mutual fund.
Some of the investors keep buying mutual funds with different folio numbers. However you can request anytime your mutual fund distributor or AMC (Asset Management Company) to consolidate all your holdings into a single folio number.
FAQs
When an investor makes their first investment in a mutual fund scheme, the folio number is produced. It stays the same for all subsequent investments in the same plan made by the investor. Individuals can access the portfolio numbers allotted to them from their mutual fund statement, fund house, or broker.
How do I find my mutual fund folio number? ›
Account Statement: Your folio number is on your mutual fund account statement. These statements are usually sent to you periodically by the fund house, either via email or physical mail. Online Account: With an online account with the mutual fund company, you can log in and access your Folio Number from your dashboard.
How do I find my folio number on Groww app? ›
An investor can also find the folio number on investment statements or can ask for it from the fund house. When you register with the mutual fund house, folio number is left empty in the application form. Folio number is generated when you make the first investment with the mutual fund.
How do I create a folio number? ›
The registrar maps your consolidated holdings through the PAN number and they will contain all your folio numbers with different AMCs. The third way to get a folio number is by approaching the registrar and procure the folio number after identifying yourself as the bonafide holder of the folio.
How do you find the folio number of shares? ›
You can get the folio in the top corner of the Consolidated Account Statement (CAS) sent to you by the AMC on a periodic basis. When you transact through SIPs or through lump-sum investments or redemptions, a Mutual Fund Statement is sent to you. This statement also contains folio number.
How do I create a mutual fund folio? ›
A mutual fund folio consolidation form needs to be obtained from the fund house. The form can also be downloaded from the mutual fund website. The form needs to be signed by all unit holders and submitted to the fund house.
Is folio number same for all mutual funds? ›
Folio numbers are unique and are issued to mutual fund investors. However, if you hold more than one share of a mutual fund, only one folio number will be issued. It represents your shares in a mutual fund scheme. Therefore, folio numbers ensure systematic storing of mutual fund investment records.
Is folio number same as account number? ›
A folio number is an identification code for one's own account in a mutual fund. Similar to a bank account number, a folio number helps identify the investors within a fund. It also records the amount of money each investor has allocated within the fund, along with the contact and transaction details.
What is an example of a folio number? ›
An example of a folio number could be “HDF1234567.” This unique number would be given to an investor by the mutual fund house, in this case, HDFC, when they first make an investment. The first part, 'HDF,' may represent the mutual fund house, and the numeric part, '1234567,' is the unique identifier for the investor.
What is the difference between account number and 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.
If you forget your Folio Number, you can retrieve it from your mutual fund statement or on AMC app or website or through CAS (Consolidated Account Statements).
How long does it take to create a folio number? ›
It takes 3 working days for a folio number to be generated and units to be allocated. Happy Investing!
What is a folio copy? ›
First, a folio (abbreviated fo or 2o) is a book or pamphlet made up of one or more full sheets of paper, on each of which four pages of text are printed, two on each side; each sheet is then folded once to produce two leaves. Each leaf of a folio book thus is one half the size of the original sheet.
What is the folio number in India? ›
These numbers are a reference for identifying an investment account in the Mutual Fund. A Folio number will also be a monitoring mechanism that records the investor's transactions, e.g., purchases, redemptions, dividends and other related activities.
Can I create multiple folios in mutual fund? ›
Yes definitely your portfolio will be diversified if you have multiple folio, so your risk factor is reduced. You have to invest equity (large, mid, multi, flexi small cap) as per your requirements.
Does folio number change? ›
A folio number once allocated never changes until a person remains a shareholder in the company.
What is a folio number in a mutual fund? ›
Folio number meaning unique identification number provided by mutual fund institutions to their investors in order to track their assets in a certain scheme. It is a mix of letters and digits that aids in the keeping of individual investor data.
What is the difference between folio and portfolio? ›
Within a single folio you can invest in multiple schemes of the same mutual fund house. Hence if you invest for example in schemes of ICICI prudential and HDFC you will have to different folios. A portfolio is more of a generic term which is a combination of all your Investments.
How do I redeem my mutual fund with folio number? ›
In order to redeem your mutual fund units online, you can visit the desired mutual fund / Registrar / MFD/Aggregator website or MF Central website. Log in using the folio number or PAN card number or the specific login credentials for that website.
