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.

Thanks mani, very informative.

Thanks for sharing this information.

Mutual Fund is basically a pool of money from many investors, managed by professional fund manager on their behalf. And the professional manager invests those pool of amount into various instruments, be it stocks, bonds, debentures, etc. and generate the returns back to investors.

There's no limit time for you to invest. You can withdraw anytime you want, but it's advisable to avoid withdrawal in short time because works best for long term [due to power of compounding: multiply over time]. But in ELSS Fund (tax savings MF), then there's 3 years lock in period.

I'm glad that you asked this because this is very hot instrument that's spreading everywhere. In Mutual Fund, you can invest with least risk possible (due to vast diversification) + high return (as compared to what banks, post office provide), especially for long term with the benefit of power of compounding, and rupee cost averaging (in case of SIP - Systematic Investment Plan).

You can even save taxes through ELSS Fund [upto Rs. 1,50,000 deduction under section 80-C]. According to me, Aditya Birla Sun Life Tax Relief 96 is very good fund. Otherwise, for regular fund, you can opt HDFC Small Cap Fund.You can start with minimum Rs. 500 monthly SIP.

To become crorepati, it's advisable to invest of minimum Rs. 5,000 monthly SIP for minimum 20 years. Any query or missing information, please feel free to ask questions.

Have a nice day! =)

What Is A Folio Number?
Folio number is one of the most known words off late particularly after demonetization as the investments in equities and equity-related securities have increased manifold.
Mutual funds need some mechanism to store record pertaining to investments, transactions made by an investor. This information is also required to ensure each investor receives the money they are entitled to and also to determine the fees applicable to those investors. Given there is a huge number of investors who may/may not have similar names, it is technically impossible to use their name as a unique id; generally, a numeric unique id is allocated. Thus, folio number, similar to a bank account number, is a unique number provided to an investor at the time of investment. The asset management company (AMC) uses it to check the holdings in the name of the person to whom the folio is associated.

The unique number, though mandatory to be provided by every fund house, differs from fund house to fund house. New investors at the time of applying for investment in mutual funds typically key-in all their information which is sought by the fund house to open an account and once the account is open all the information presented in the form is mapped to a unique folio number which is then allotted to that individual. This unique number becomes the identifier for the investor.

Multiple Folios
Having multiple folios is more to do with the operational aspect of investing in mutual funds. There were some benefits of investing through multiple folios with the same fund house in the past – if you invest in a fund house with multiple folios and you have gained in one folio while a loss in other, individual had the flexibility of choosing which investment to sell first depending on their tax efficiency. However, if investments are in a single folio – first in/first out principle is used from taxation point. For equity investment, which is generally a long-term endeavour, it is, therefore, advisable to prune your folios. For administrative convenience, mutual funds provide with the facility of consolidating all folios in a master folio.

Where To Find Mutual Fund Folio Number?
Following are the ways by which you can retrieve your folio number:
- Mutual fund statement
- Consolidated Account Statements (CAS):
- Folio number can also be found in the email and the SMS that are received from the asset management company or fund house.

Advantages Of Folio Number
-It is the quickest and easiest way to check the track record of an investor
-It helps you to find out the transaction history and the contact information of an investor
-It allows you to trace money deposited in different mutual fund schemes
-It helps you to avail the investment statements for any period
-You can avail the list of allocation of units by the fund house with the help of folio number
-It helps you save time on re-doing KYC process while transacting with the same fund house
-It helps you to transact anytime anywhere and eliminates the hassle of noting and remembering the different account numbers
Folio number helps in the verification of the account holder