Tracking mutual fund investments is an important aspect of financial planning. It helps in knowing the status of your investments and can also aid in refining your investment strategies. One efficient way of tracking your mutual fund investments is through a unique identifier known as the folio number. This article will explore how to track your mutual fund investments with a folio number, primarily discussing debt funds, their benefits, and how to check mutual fund status.
Mutual Fund Folio Number
A Mutual Fund Folio Number is a unique number given to an individual or an entity holding a mutual fund. Every mutual fund investor will have a separate folio number for each Mutual Fund House they invest in. A single folio number can have multiple schemes of that Mutual Fund House. This makes it convenient to track your investments across varied debt funds and equity funds.
Debt funds are a type of mutual fund that invests in fixed-income securities like government bonds, corporate bonds, and treasury bills. These are considered safer than equity funds as they provide steady returns and are ideal for conservative investors who aim for income stability and lesser risk. In the contemporary financial market, more and more investors are considering debt funds as part of their diversified portfolio.
Tracking your mutual fund investments, more so the debt funds using a folio number, can be done through the simple steps mentioned below.
1. Visit the Mutual Fund’s website:
Most Mutual Fund Houses provide investors with the facility to track their investments online. All you need to do is visit the Mutual Fund House’s official website where you have invested your money.
2. Register Online:
For those who have not registered online, they will be required to enter details like PAN number, email ID, and folio number. This registration will help the Mutual Fund House to provide investors with updates periodically.
3. Access Portfolio:
After registering, log in using your User ID and password. You will be directed straight away to your portfolio, where you can view details regarding your investments.
4. Track Using Folio Number:
In your portfolio, you can detail your investments by using the folio number. With this number, you can monitor the status and performance of every debt fund you have invested in.
5. Monitor Investment:
Regular monitoring of your investments will give you insights into their performance. Seeing regular updates helps you make informed decisions and understand if you need to switch between funds.
While navigating through the financial market, especially when investing in debt funds, one should make sure to check the mutual fund status regularly. With the use of technology-driven platforms, checking mutual fund status has become quite easy. Just follow the initial two steps mentioned for tracking your investments using the folio number, but instead of visiting your portfolio, click on ‘Fund Performance’ or similar options like ‘Scheme Performance’, ‘Fund Status’ etc., to get information about your fund’s performance.
Although investing in debt funds and mutual funds can offer potential returns, every investor must gauge all the pros and cons of trading in the Indian financial market. It is wise to do your due diligence and consult with a qualified Financial Advisor who understands your financial goals, risk appetite, and investment horizon before making an investment decision.
Disclaimer: Mutual fund investments are subject to market risks, read all scheme-related documents carefully.