How to track your investments in Mutual Funds - 2024

Many individuals may find it difficult to successfully track their Mutual Fund investments especially if you have invested in schemes of various mutual funds through diverse platforms.

Here are three different ways in which you can track your mutual fund investments:

1. Direct Mutual Fund (MF) Investment Platforms: 

These are platforms that allow you to buy mutual fund units. Once your order is placed successfully, these platforms send an investment confirmation to the investors with all the investment details. While all the direct MF investment platforms help you transact and also provide a convenient way to track your investments made with them, there may be rare instances when the actual investment details may not match with the details the direct MF platform is showing.

2. Asset Management Company Website/App (AMC): 

After you purchase mutual fund units successfully, AMCs/Fund Houses send an investment confirmation statement on your registered email ID/SMS which contains the details of your investments. Alternatively, you can also track all the investments made with the AMC/fund house by visiting the AMC’s website/app if available.

3. Registrar and Transfer Agents (RTA)/Mutual Fund Central (MF Central)/Depositories:

There are other platforms that provide a Consolidated account statement for your investments by aggregating data to a single location. 

1. RTAs → An RTA generates a consolidated account statement (CAS) that ​​is a single/combined account statement which shows the details of financial transactions made by you during a month across Mutual Funds but this may not include data from all fund houses. This is because RTAs will only contain the investments made in the fund houses serviced by them.
2. MF Central → You can also get a consolidated portfolio view by accessing the MF Central platform through your PAN.
3. CDSL and NSDL → There are two depositories in India namely Central Depository Services Limited (CDSL) and National Securities Depository Limited (NSDL). Depositories help you get a combined view of your investments across all the demat accounts and mutual fund units held with MF-RTA (mutual fund registrar and transfer agents). Effective Aug 1st 2024, monthly CAS emails will be sent to investors with transactions in their demat accounts or mutual fund folios. If no transactions occur, a half-yearly CAS will be sent.To understand more about CAS, you can check this link.

So what are the different ways to track your mutual fund portfolio?

1. MF Central can be considered an accurate source of information for your MF portfolio since it fetches data and fund holdings across different asset management companies/fund houses. 
2. CDSL’s Consolidated Account Statement (CAS) consists of transactions and holdings in the demat account(s) held with CDSL, as well as in units of mutual funds held in Statement of Account (SOA) form.  
3. According to the SEBI circular effective from August 01 2024, CAS will be dispatched via email as the default mode for all investors whose email addresses are registered with Depositories and AMCs/MF-RTAs.

Conclusion:

There are multiple ways to track your mutual fund investments. The investment details you receive from the direct MF platform is generally accurate but in rare scenarios there can be a deviation from your actual investment details. To get a consolidated view of all your investment details across different asset management companies/fund houses, the MF Central platform and the CDSL platform can be considered an accurate source of information.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully

Please note that this article or document has been prepared on the basis of internal data/ publicly available information and other sources believed to be reliable. The information contained in this article or document is for general purposes only and not a complete disclosure of every material fact. It should not be construed as investment advice to any party in any manner. The article does not warrant the completeness or accuracy of the information and disclaims all liabilities, losses and damages arising out of the use of this information. Readers shall be fully liable/responsible for any decision taken on the basis of this article or document.