How to read your Mutual Fund statement

11 Apr    Mutual Fund

In today’s ever increasing mutual fund market there is a scheme for everyone. Mutual funds have become a part of every individual’s portfolio.

Despite this fact how many of you can confidently say the exact number of mutual fund units in your portfolio or at what NAV your money has been invested. Does your fund have entry or exit load?

All this is possible if you have a regular look at the mutual fund account statement that the fund houses mail to you periodically.

Busy investors like Dr Rohit Shivhare, 37 years, Gastroenterologist, who is very particular with his accounts want the figures at the tip of his tongue but do not know how to read the statement and get all the information.

All this is possible if you invest with us we will provide you with Wealth Desk from where you can get all the information about each and every transaction of Mutual Fund to see the sample reports click here.

The list of investors who does not know much about their investment is very big and for them there is small guide to understand your fund account statement.

A mutual fund statement is just like your bank account statement. It is a complete summary of your investments. It is generated within 2 to 3 days of your investment in a particular scheme and received by you within 7 to 10 working days if you opted for physical copy of statement or if you opt for hard copy they will deliver you in 3 to 4 working days on your registered email address.

If you did not receive any communication about your investment in stated time then you should contact your broker or fund house and request the same.

To understand the statement we need to break it into parts starting with:

Customer Folio No./ Account No.: This is mentioned on the top of the statement. Just like your bank account number this is the fund account number, which is also your reference number. For any correspondence the folio number is a must and hence besides maintaining a record of the statements it is also important to make a note of the folio number.

Personal and Bank details : As soon as you receive your account statement of investment please check your personal details, whether it is correct or not:

  • Name
  • Address
  • Mobile no.
  • Telephone No.
  • Email Address
  • Nominee Name
  • Your Bank Account Details: Account No., Bank Name, Bank Branch, MICR.

Investment Details: Following are the terms used in Account Statement of Mutual Fund

  • PAN No.: Check your Pan No., whether it is correctly written or not.
  • KYC Status
  • Holding Status: Single/ Joint/ Anyone or survivor
  • Fund Scheme name: Scheme Name is mentioned along with the option you have opted like growth, dividend payout or reinvestment.
  • NAV: means the Net Asset Value or the per unit price.
  • Price: is the actual price at which your amount gets invested or redeemed.
  • Units refer to the number of units allotted or redeemed. Unit balance shows the number of units accumulated as on a particular date.
  • Date: on which transaction takes place.
  • Amount: refers to the amount, which you have invested, switch or withdrawn
  • Transaction type: states the type of transaction you have opted for like purchase, systematic investment plan(SIP) along with the number of the installment or transfer (STP) or withdrawal (SWP) or switch.
  • Statement date: It is the date on which the fund house issues the statement as requested by the investor.
  • Load structure: Gives you the detetails about the entry and exit cost on you investment
  • Mode of payment: details you about the option of payment as opted for dividend payout or redemption.
  • Dividend earned (inclusive of dividend reinvestment) shows the total dividend earned by way of payout or reinvestment.
  • Agent / Broker code & name gives the details of the agent or broker. If there is more than one broker then it will just show ‘Multiple brokers’.
  • Current cost (inclusive of dividend reinvestment) means total investment (principal) plus any dividend reinvested by the fund house.

Current value shows the current value of investment on that particular date, which is equal to unit balance * NAV on that particular day.


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