How to create new folio in Mutual Funds

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How to create new folio in mutual funds ? I want to track funds separately which is invested on the same fund in different times … pls help

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Hi Kishore,

As of now, Jupiter App clubs all the investments in the same funds( whether in the same or different folios) for better user understanding. This is as per the requirement of most investors. We also strive to ensure that all investments in a particular AMC are also in one single folio (wherever possible). This is again as per what most users want/require. However, if the user has more than 1 folio in the same fund, we allow users to choose the folio at the time of redemption.

Please do let me know the exact use case that you are referring to and I can check what best can be done.

regards

Vivek

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Creating a new folio in mutual funds involves these steps:

  1. Choose a Fund House: Select a mutual fund provider based on your investment goals and preferences.
  2. Submit KYC Documents: Complete your Know Your Customer (KYC) requirements by submitting identity and address proofs along with a filled application form.
  3. Fund Selection: Decide on the mutual fund scheme(s) you wish to invest in based on your risk tolerance and financial objectives.
  4. Fill Application Form: Fill out the application form provided by the fund house, specifying details such as investment amount, SIP details (if applicable), and nominee information.
  5. Submit and Verify: Submit the application form along with a cheque or online payment for the initial investment amount. Ensure all details are accurate to avoid processing delays.
  6. Trading Platforms: Many fund houses such as Zeerodha, Rupeezy, Upstox, and many more offer online platforms where you can create and manage your mutual fund folios conveniently. These platforms provide tools for tracking performance, making additional investments, and accessing statements.
  7. Receive Confirmation: Upon verification of documents and funds, you will receive a confirmation of your new mutual fund folio.

Creating a new folio allows you to start investing in mutual funds and build your investment portfolio according to your financial goals.

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You can create separate Folio from AMC website (only few AMCs allow) or CAMS/Kfintech websites. other option is to Use different platform like groww, Paytm money, Jupiter etc. and create separate folios

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