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Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.Įfiling Income Tax Returns(ITR) is made easy with Clear platform. Start investing.Ĭlear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. ClearTax Save is a convenient option as we have hand-picked best-performing funds from India’s top AMCs. If you haven’t considered mutual funds as a good investment avenue, then now is the time. This will allow you to check the performance of your mutual fund investments and take informed decisions accordingly. Having your folio number saved will always be of great use. You will receive the folio number as email and SMS Reflects info about the entire scheme including folio There will be extra charges for other statement requestsīoth the app and online portal are commission-freeĪMC charges requests for new copies accordingly You can make your fund transactions app-based or onlineįund house gives it to investors at the time of purchasing the fund Like bank issues passbook for savings or salary accounts There are multiple ways to find or retrieve your folio number, as shown in the table. Therefore, if the statement gets lost or damaged, investors went through a lot of hassle in getting a new one. It, therefore, helps the AMC to verify the authenticity of the unit holderĮarlier, checking the mutual fund statement was the only way to find folio number.Besides saving investors the hassle of noting hundreds of account numbers in phone or diary, a folio number helps to transact from anywhere anytime.Alleviates the need to undergo KYC process again with the same fund house.Use this number to get a list of your units with the AMC instantly.Avail investment statements for any periods using the folio number.

It can dig up transaction history and investor’s contact information.

Folio number can trace funds deposited by the investor in different fund plans.

It’s the easiest way to check an investor’s record.

They must email a statement to you within 2-3 days after investing, and a hard copy in 7-10 days. Using the same folio number will make it easier for you to manage your investments with the AMC. You must make sure that this number is the same every time you invest. Hence, the folio number is an integral component of your mutual fund statement. Similar to how a bank account statement shows every transaction you do on a particular bank account. Mutual fund statements are important as it summarises your investment trail in that fund. How Folio Number is relevant to investors

However, it will be easier if you can get the AMC to combine every holding under one number. Therefore, you may buy different funds under different folios. For instance, if you become an investor in Fund A, they assign you a folio different from that assigned by, say, Fund B. The fund house or the asset management company generates the number only after your first investment. It can be quickly obtained from your mutual fund statement or from the fund house or broker.Īt the time of application, the column for the folio is left blank. It is also easy to settle disputes with the folio number records. Therefore, folio numbers ensure systematic storing of mutual fund investment records. It represents your shares in a mutual fund scheme. However, if you hold more than one share of a mutual fund, only one folio number will be issued. Folio numbers are unique and are issued to mutual fund investors.