How to keep track of your mutual funds investments

Posted by: Girija Gadre on Apr 10, 2017, 10.14 AM IST

Investors buy mutual funds at different points in time. Over the years, it becomes important to have the records of all MF investments in one place. This allows seamless exit from investments once goals are reached.

It is important to keep a record of the holding pattern of MF investments as future transactions or redemptions can be carried out only as per the holding pattern and instructions at the time of investing.

Folio number
A folio number is given when MF units are allotted to the investor. It is important to keep a record of the number. Investors are required to quote the folio number to find out the value of their investments or at the time of any transactions.

Consolidated account statement
The Consolidated Account Statement provides a consolidated view and valuation of all mutual fund investments across fund houses under a particular PAN. This statement is issued either as an email or physically once in six months if there were no transactions during the month.

Online portfolio trackers
Investors have the option to use online platforms or investment trackers freely available to keep a record of their mutual fund and other investments. Such trackers provide an updated and latest valuation of all investments held by the investor.

Updated information
It is important to keep updated personal and bank account information with the fund house. Changes to name, address and other personal details can be updated using the KYC change form and submitted to the KYC Registration Agency, along with required proofs.

Bank account to which redemption or other payouts are to be credited can be updated by filling up a form and enclosing a cancelled cheque.

Points to note
1. All mutual funds provide online access to investors which allows a hassle free and safe view of onei¦s investments.
2. It is important to fill out exact fund name, plan and option to record the correct mutual fund investment while using online portfolio trackers.

(The content on this page is courtesy Centre for Investment Education and Learning (CIEL). Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.) This article appeared in Economic Times dated Apr 10, 2017, 10.14 AM IST