How to Check Mutual Fund Status: A Step-by-Step Guide

Mutual funds are well-known for being a simple and hassle-free way to invest money and get steady returns. One way to keep tabs on your mutual fund investments is by using a unique portfolio number that each investor is given. The folio number is said to be unique for every other mutual fund investor. It helps get information related to your investment performances and resolve queries you might have in your mind related to how to check mutual fund status and more. 

Such unique features help in checking the scheme name you have invested in, the invested amount, and so on. Keep reading to know the possible ways to check your mutual fund status and the factors that can affect your mutual fund status.

What is a Mutual Fund?

Mutual funds are known to be a valuable investment solution that combines the capital of many investors to purchase a wide range of securities that includes both bonds and stocks. The fund units do represent every investor’s portion of the total investment. Proficient fund managers help oversee these funds, making valid choices based on the goals of the fund and the market status. 

Mutual funds provide a simple method to invest your money into diversified portfolios by eliminating the need to pick on individual bonds or stocks. As investments can be made in small sums of money, mutual funds remain to be an appropriate option for new investors.

Using a Folio Number to Check Mutual Fund Status

The following table describes the possible ways you can find your folio number that can further help clear your queries related to how to check mutual fund status. 

Method	Description
Account Statement	You can search for your portfolio number on your digital or physical mutual fund account statements that are periodically sent by the fund house.
Online Account	To find your folio number from their dashboard, log into your online account that you created with the mutual fund platform.
AMC Website	Browse the official website of AMC (Asset Management Company), which is used to manage your mutual funds. You can find your folio number through them by providing relevant details and PAN card number.

Steps Involved in Checking Mutual Fund Status with Your Folio Number

Checking your mutual fund status online:

1. From your internet-connected mobile phone, computer, or tablet, visit the official website of AMC, or download their app.
2. To check your transaction history, money balance, and more, enter your access information. 

Using AMC customer care to check your fund status: 

1. You need to visit the AMC’s office in person, reach them in a phone call, or email your inquiry related to how to check mutual fund status.
2. Provide any other detail required for verification to obtain your mutual fund folio status.

Using the registrar’s website to check the status:

1. If you have been wondering about how to check mutual fund status with a PAN number, then register yourself on the registrar website.
2. Enter details like your name, PAN card number, and other listed details in the respective fields to check on your mutual fund status.

Getting in touch with the broker to check your status:

1. If you have made mutual fund investments through a reliable broker, reach out to them to gather information about your mutual fund status updates.
2. The broker’s duty and responsibility is to provide real-time information related to your investments.

Using consolidated accounts statement to check your status:

1. Consolidated account statements from CDSL/NSDL depositories are provided to investors having a demat account. 
2. Such statements are usually sent as an email, and they include the folio-based mutual fund performance details.

Checking Mutual Fund Status with PAN Number

The PAN card is one of the most important documents that needs to be submitted to open a new bank account, to receive professional remunerations or taxable salary, and while making a mutual fund investment. If you want to check mutual fund status with a PAN number, make use of the steps below. 

1. Accessing AMC Website

Visit the official web portal of AMC (Asset Management Company), where your mutual fund investments are said to be held. To quickly handle your mutual fund accounts, most AMCs have an online portal available for investors.  

2. Register or Log into your account

You must first register if this is your first visit to the AMC online portal. Signing up requires providing details related to your mobile number, email address, PAN number, and other listed details. Once you have successfully registered, you need to create a unique login ID along with a password for future access. Post this step, log in to your account providing your credentials.

3. Accessing Your Portfolio

Once logged in, then go to the section offering access to your mutual fund portfolio. From the dashboard, you can find it under ‘Investor Dashboard’, ‘My Portfolio’, or something similar to them. By accessing it, you are about to view and manage your mutual fund investments.

4. Entering Your PAN Number

Visiting the section on portfolios will prompt you to provide your PAN number for verification’s needs. Complete this step to securely access your investment-related information.

5. Tracking and Managing Mutual Fund Status

Make use of the online portal to monitor the mutual fund’s performance regularly. Additional investment modifications, such as purchasing additional units, redeeming existing units, or creating a new investment plan, are also within your reach. This way, you get to have a closer eye on your mutual fund status and let it remain aligned with your future financial goals. 

Factors That Can Affect Mutual Funds Status

Upcoming is a list of common variables that can highly impact your mutual fund’s status and performance. 

• Securities and its performances in the fund portfolio: A mutual fund invests across different asset types, like equities and debt. Such asset allocation of the fund, along with its investment, can certainly affect the scheme’s performance. A mutual fund’s success is correlated with its underlying equities’ performance.

• Fund manager’s performance: Every mutual fund’s performance is highly dependent upon the fund manager and their choices and approaches. Investors need to choose a mutual fund said to be managed by a proficient fund manager with a valid track record of success. 

• Industry/Sectoral-specific economic shifts: One major consideration that every investor must make is to find out how successfully the fund can invest in their respective area or business. Government policy changes can considerably affect various aspects of the economy. Any favorable trend will help the mutual fund gain significant exposure in their respective sector, yielding profitable returns. 

• Fund Size: Size has a significant impact on the fund’s performance. Although good cash flow can improve the fund’s performance, it is quite important to understand that once the fund’s size grows, the fund manager’s responsibilities also grow. The fund can become challenging to manage, given its size exceeding the threshold.

Conclusion

As an investor, you must have understood how to check mutual fund status and the factors that can influence a fund’s performance. Before investing in mutual funds, ensure the fund goes easy with your financial convenience, is diversified, and has professional management to yield greater profits.