How to read a Mutual Fund statement?

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 How to read a mutual fund statement?

    by Rajeev Pathak



There are two ways of holding mutual fund units. Either you can hold them in Demat form or you can choose to hold them in a Statement form. When you provide your Demat Account details to an Asset Management Company (AMC)/ mutual fund house, your units are allotted in Demat form and credited to your Demat account.  When you choose Statement form, your units are stored in electronic form with the company and you are provided with a Statement of Holding. 

Mutual fund investors receive statements from the Asset Management Companies (AMCs) immediately after making any investment or disinvestment (redemption) transaction.

Some AMCs and Advisors / Distributors have adopted the practice of sending statements to their investors every month whether there were any transactions in that month or not, to enhance investor satisfaction.

Though the format of mutual fund statements is not standardized, most provide vital information to the investors.   The following are some important details, an investor should check in a mutual fund statement:

Basic Details:

  • Name of the AMC/Fund House & their address, communications details are provided, 
  • the date of the Statement and the period,  
  • Folio No, Common Account Number (CAN), (if the investment is made through the MFU platform), 

Personal Details:

  • Name (s) of the investor(s), 
  • PAN Number of the investor(s),
  • Address, Email ID, Mobile Number,
  • Joint Holder’s Name,
  • Operational instructions / Mode of holding: Single/ Former or Survivor/Anyone or Survivor
  • Bank account Details, Default Bank Account,
  • KYC Status: Verified or Not,
  • PAN-Aadhar Linking status-Yes/No, CKYC No., FATCA status

Nominee Details:

Name of the nominee (s), maximum 3 nominees, their Date of Birth, their percentage, a total percentage not exceeding 100%,

 Investment Details:

Name of the Scheme, Option- Growth or IDCW,

Whether Lumpsum or SIP,

Investment Date, NAV ( Net Asset Value) /price per unit on that date, Number of units allotted, and total balance of units,

SIP Details:

The SIP starting date, the SIP ending date, the Fixed Date of SIP, the Amount of SIP,

Portfolio Details:

Total  Units, Total Cost, Current Market Value.

NFT (Non-Financial Transactions):

The date if the  AMC has updated your personal details like address, and contact details- email ID and mobile number, bank account details,  nominee details, CAN details, etc. during the statement period.

Advisor’s Name and Code: 

These details are made available if you have invested through an advisor or a distributor.

Exit Load details: 

Some AMCs also mention the Exit Load in % applicable to the concerned scheme

Service Request forms:              

At the end, a few blank forms are added to facilitate any Service Request like redemption, change in contact details, etc. 

Please feel free to give your feedback or submit your queries in the Comment Box.

Contact: boirajeev@gmail.com


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