Eight things to look for in your mutual fund statement

Just like a bank statement helps you keep track of all your debits and credits, a mutual fund statement contains a complete summary of your investment. Basically, the fund statement enables you to review your investment from time to time. Given its importance, let's first understand how to get your fund statement. You can request a fund statement from the fund house for any period of your choice. The fund statement contains a host of information. You can see the image below to get a sense of what a typical fund statement looks like. This can be fetched at any time from your AMC's website. What's an AMC? AMC is the fund house that is operating and managing your investment. In the image below, ICICI Prudential is the AMC. What to look for in a fund statement While formats and layouts may vary across fund houses, the basic components remain the same. Here are certain things you should keep in mind as you go through this statement: 1. Keep a record of your folio number. It is your reference number for the investment made. Each time you make an ad

This article was originally published on April 19, 2022, and last updated on September 13, 2022.