How to get all your mutual fund investments in a single folio The form can also be downloaded from the mutual fund website. The form needs to be signed by all unit holders and submitted to the fund house
A sound investing habit also involves good housekeeping, so that all the details of investments are accessible and offer ease of transaction. We often continue to invest in a fund at different points in time and it can lead to opening of different mutual fund folios in the same fund house. It makes sense to bring all these investments under one folio. Here is how you can do this.Consolidation form
A mutual fund folio consolidation form needs to be obtained from the fund house. The form can also be downloaded from the mutual fund website. The form needs to be signed by all unit holders and submitted to the fund house.
Identify folios to be consolidated
Next, the investor needs to identify the mutual fund folios under the same mutual fund that need to be consolidated. One needs to specifically mention which folio should remain and which one can be dissolved. These details need to be specified in the form.
Conditions
To be able to bring all investments under the same folio, the names of all unit holders, mode of holding (single or joint) and holding pattern should be identical among the different folios.
Content on this page is courtesy Centre for Investment Education and Learning (CIEL).
Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.
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This story originally appeared on: India Times - Author:Faqs of Insurances
