Should I create multiple folios?

Not always. Some advisers also feel that separate folios can be held if each folio is linked to a specific goal. In such cases, it’s okay to have the same scheme in two different folios as long as the two folios have been clearly earmarked for different goals.

Should I invest in same folio?

Having multiple folios make portfolio tracking difficult,” says Jitendra Solanki, founder, JS Financial Advisors. Mutual fund advisors say even nominees would find it difficult to track various mutual fund investments and manage many folios. “It will become very chaotic for the nominee also to handle multiple folios.

Can I have same folio number for different AMC?

Yes, an investor can have multiple folios in the same AMC with or without different schemes.

How do I combine two mutual funds in folios?

For example if you are holding 4 funds of an AMC under different folio numbers, then you can write to the AMC or registrar with the folio numbers that you want consolidated and the target folio into which you want these folios consolidated.

Can two funds have same folio number?

An investor can have multiple folio numbers kept with the same mutual fund company, but they can ask the fund company to consolidate them into a single number. This can help investors when it comes to their own personal accounting and for tax reporting purposes.

Can I have multiple folio number?

An investor can have multiple folio numbers kept with the same mutual fund company, but they can ask the fund company to consolidate them into a single number.

Is it good to invest in different mutual funds?

While mutual funds are popular and attractive investments because they provide exposure to a number of stocks in a single investment vehicle, too much of a good thing can be a bad idea. The addition of too many funds simply creates an expensive index fund.

What is the difference between mutual funds and mutual fund folios?

A mutual fund is the investment made while a mutual fund folio is a unique number assigned to the investor who has invested in the mutual fund. On the other hand, the folio number is given to the investor by the mutual fund. A folio is unique to each investor and helps the fund house verify the investor’s authenticity.

How can I remove folio from mutual fund?

Incase you wish to delete an investor with active folios, you must either delete all the folios under the investor or remap all the folios under this investor to a different investor. To delete an Investor with no folios / transactions, simply click the button under the invetor you wish to delete.

Can one folio have multiple 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.