Sentences with phrase «same folio number»
However, it is not compulsory to use the same folio number.
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An investor can make multiple purchases by using the same folio number.
You can directly visit canara MF website and invest in Direct scheme with the same Folio number.
My question is shall i continue same folios numbers or shall i take new folios?
Not exact matches
As per the recent amendments to Prevention of Money Laundering Act (PMLA) Rules, 2017, Financial Institutions like Mutual Funds are mandated to obtain Aadhaar Number from their customers and link the same to the respective accounts / Folios.
From next FY you can create a fresh SIP under the same fund folio number.
One can avoid having to quote separate numbers for mutual fund investments by quoting minimum folio numbers for all transactions with the same fund house.
If you invest in 2 funds from the same AMC, then you still get two folio numbers as they are attached to individual funds and not the AMC.