Folio Numbers are important if you invest in Mutual Funds. It is like a bank account number you get when you open a bank account. This article explains What is Folio Number? How to find Folio Number?

What is the Folio Number?

A folio number is a number given to a mutual fund investor by an asset management company when one invests in the fund.

• It is like a bank account number you get when you open a bank account.
• The folio number is used to uniquely identify fund investors and keep records of items such as how much money each investor has placed with the fund, their transaction history and contact details.
• Folio number is generated when you make the first investment with the mutual fund through one platform. For example, you bought Mutual Funds through Zerodha Coin and through Groww App You will have folio number per mutual fund per platform
• The Folio number is unique for each fund house. So, when you invest for the first time in XYZ fund you would get a folio number that’s different from the folio number given to you when you invested in ABC fund.
• Most fund houses offer one folio number and several account numbers in the same folio for all investments made under the same unit-holder combination. This makes tracking all your investments with same fund house easier.
• Some investors buy mutual funds from the same mutual fund company in different ways, say some through broker, some direct through one platform, some through other platforms. So they may end up with different folio numbers for the same Mutual Fund company. However consolidate all your holdings into a single folio number anytime
• An investor can also find the folio number on investment statements or can ask for it from the fund house.

Folio Number in the Mutual Fund Account Statement

A fund statement is generated within two to three days of your investment in a particular scheme. You receive it within seven to ten working days if you have opted for a physical copy or in three to four working days on your registered email address.

If you have not received one, you can always get in touch with the AMC/RTA that is managing your fund.

Mutual Fund company sends Mutual Fund Account Statement which has all details about one’s investment. Folio number of K San who invested in Axis Long Term Equity Fund is shown below.

Folio number in the mutual fund account statement

What to look in Mutual Fund Account Statement?

• Keep a record of your folio number.
• Check that name of the bank and the account number are correct to avoid facing problems at the time of redemption.
• Make sure you are KYC compliant and have made your FATCA declaration. FATCA is a US law and as per an India-US treaty, Indian fund investors have to declare if they are US citizens or not.
• See your transaction summary. This section mentions the types of transactions that you have opted for, which also include purchase, SIPs, SWPs, etc.
• If you have invested through an agent, his/her name code and EUIN number will appear in the account statement.
• Understand your load structure. It gives you details about the entry and exit cost of your investment.

A  sample MF Account statement is shown in the image below.