What Is A Mutual Fund Folio?
This is a series of explainers to educate and inform new investors. In association with Dun & Bradstreet India as knowledge partner.
Mutual Fund Folio: Definition, Meaning & Basics
A folio is a unique number assigned to an investment in a mutual fund scheme. This number is issued to the investor, who can then use it for subsequent investments.
A mutual fund folio is often compared to bank account number as it helps an investor track his mutual fund investments.
While an investor can hold multiple folios with a mutual fund, a consolidated mutual fund folio is advised as it makes tracking investments easier. Also, it is good to quote an existing folio number while making multiple investments in a mutual fund scheme.
Investors can access their mutual fund statements online using the folio number.
Visit the Financial Terms section for more.