Business

How to check mutual fund status with folio number?

The growth of assets under management (AUM) is one approach to assess the growth of mutual fund investments. Folios are a significantly more reliable method for checking retail involvement than any other method. There are now more than 12 billion mutual fund folios in India, with around 5.2 billion of them serving as SIP folios for specialized systematic investment programs. These folios come with a folio number for identification. But how do you check the status of your mutual fund using a folio number? Let us find out. What is a folio? Investors in a mutual fund are each given a special number called a folio. It symbolizes the ownership stake you have in a mutual fund. As a result, folio numbers guarantee the orderly keeping of mutual fund investment documents. Folio number records al

Read More