What is Folio (Mutual Funds)
Mutual Funds - What is Folio (Mutual Funds) in IPO's & MF's - 1. What is Folio? Just like your bank /demat account number this is the fund account number. This is also ...
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What is Folio (Mutual Funds)

  1. What is Folio (Mutual Funds)

    1. What is Folio?
    Just like your bank /demat account number this is the fund account number. This is also your reference number for your mutual fund transactions in any particular Mutual Fund. For any correspondence with AMC the folio number is a must.
    All AMCs allot folio numbers at customer level across all Mutual fund schemes while Franklin Templeton allots different folio number to each customer for each scheme.

    2. Can I have multiple Folios with the same AMC (same scheme in case of Franklin Templeton)?
    Generally you will be allotted one folio per AMC (except for Franklin Templeton AMC). In case you wish to invest in different Joint Holding mode or need to have a different nominee in the same scheme or any other reason, you will have to select the "New Folio" option at the time of placing your purchase request.
    By choosing "New Folio" the purchase investment the AMC shall allot a new folio to you. You will have to adhere to minimum initial purchase amount criteria for the selected scheme.

    3. How can I place purchase request in Mutual Fund Schemes using the existing Folios ?
    To place a purchase request in an existing folio, you will have to visit the 'Purchase Order Entry Page' and select the option "Select Folio" appearing below the 'Scheme Name'. On clicking the drop down you will be able to view the folio that has been allotted to you for the AMC. Select the existing folio to proceed further and make investments in the same folio.

    4. How can I place a purchase transaction in Mutual Fund Schemes using the "New Folio"?
    In continuation to point 3 above, in case you select the 'New Folio' Option, you will be able to make investment in a new folio. Your investment in the new folio will need to adhere to the "Minimum Initial Purchase Amount" criteria.

    5. How can I place a purchase transaction in Joint Holder Mode in Mutual Fund?
    On selecting the 'New Folio' option on the 'Purchase Order Entry Page', you will get a drop down to select the registered Joint Holders.
    You can select either one or two of the registered Joint Holders to make further investments in joint holding mode.
    In case you do not want to make investments in joint mode, please proceed without selecting any of the joint holders from the drop down.

    6. How can I place a purchase transaction in Joint Holder Mode in other Investment products?
    On the 'Purchase Order Entry Page', you will get a drop down to select the registered Joint Holders.
    You can select either one or two of the registered Joint Holders to make further investments in joint holding mode.
    In case you do not want to make investments in joint mode, please proceed without selecting any of the joint holders from the drop down.

    7. When will I know the status of my transactions placed under this facility?
    The status of your transactions will be updated on the 'PG transaction' link immediately after it is processed. I-Sec will endeavor to update the status of your transactions on best effort basis.


  2. Thanks mani, very informative.

  3. Thumbs up







    Thanks! This is much informative post, nice sharing .
    Please post some tips and guidelines so this will be more helpful for newer in Mutual funds.

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