Tags: Wealth Management, Investment Lesson, Mutual Funds, Stock market, Budget, Finance, Investing, Personal Finance, Investment
Article Summary
|
Getting the best out of mutual fund investments is much more than just opting for the right scheme that suits one’s needs. After investing, comes monitoring their progress through periodic reviews. Whether it’s short-term funds for an upcoming event or long-term needs like children’s higher education and retirement, mutual fund investors may benefit from tracking their investments regularly. Typically an annual or bi-annual review of progress suffices.
Why Track Mutual Fund Investments
Firstly, let’s understand the need to track mutual fund investments:
Tracking mutual portfolio performance can help evaluate progress towards financial goals over a period, say one year, and get a sense of what remains to be accomplished.
In case of unfavourable developments or observations during performance review, investors can take an informed decision on the corrective action required. For instance, after a major market run up, reducing exposure to equity investments. Performance tracking and review provides actionable information for remedial action.
Performance tracking also aids portfolio rebalancing. This involves shifting a part of the money in an appreciated asset class, such as moving idle funds from debt/liquid to equity. Else, fresh investments can be made in an undervalued asset class. This helps the portfolio regain the balance or mix among asset classes and realign investments according to investor’s risk appetite.
How to Track Mutual Fund Investments
If you are asking yourself “how to check my mutual fund portfolio’ and wondering how to track mutual investments or how to track a mutual fund portfolio, here are five ways to do it.
AMC website and app The first, simple answer to tracking mutual fund investments lies in using the website and mobile applications of the Asset Management Companies (AMCs), whose schemes you have invested in. simply create your account on their website/app by signing up with your details, and access the dashboard to see the performance of your investment. You can get information even in those months when there have been no transactions. With AMCs introducing new tools in their websites and apps, you can also use investment calculators, goal planners and more, apart from just viewing fund performance.
Consolidated Account Statement (CAS) During months when mutual fund transactions have occurred, investors are entitled to receive a statement regarding their mutual fund investments from CDSL (Central Depository Services Limited) and NSDL (National Securities Depository Limited). This is a consolidated statement that contains all details of financial transactions performed in a month under the same Permanent Account Number (PAN) across fund houses and accounts or folios.
You can also seek information based on portfolios and periods. Thus, you can track all mutual funds with PAN. CAS is also sent to the investor's registered email ID or mail address.
Financial and Investment Platforms Popular financial and investment platforms offer mobile portfolio tracking tools. By providing all the details of mutual fund investments, you can track their progress.
Mutual fund factsheet This monthly source of information that AMCs provide information about all the mutual fund schemes managed by them. This includes key information about various schemes such as their latest portfolios, allocations, NAV, Assets Under Management (AUM), investment performance of fund managers vis-a-vis benchmarks and peers, besides expenses incurred
Financial or investment advisor: These are financial advisors registered with the mutual fund regulator, the Securities and Exchange Board of India (SEBI). They can not only help track the performance of mutual fund investments but also provide informed and credible analysis besides actionable advice.
Clearly, to successfully achieve financial goals, it is essential to know how to track mutual fund investments. Knowledge of how to track mutual fund portfolios can help ensure investments stay on course to help achieve financial goals.
FAQs
1. How often should an investor review mutual fund performance? While an investor needs to have all-time access to information for tracking mutual fund performance, reviews may ideally be done one to two times a year.
2. What information should be considered while tracking mutual funds? Apart from performance over different time periods, investors may consider alpha, which indicates fund manager acumen, expenses, movement of benchmark, portfolio holdings, and risk measures.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Disclaimer:
The information set out above is included for general information purposes only and is not exhaustive and does not constitute legal or tax advice. All complaints regarding Mutual Fund can be directed towards visit www.scores.gov.in (SEBI SCORES portal). Readers are requested to make informed investment decisions and consult Chaitanya Financial Consultants – 9000628943 / mfd.mmr@gmail.com to determine the financial implications with respect to investing in Mutual Funds
Announcement: Exciting Changes are here!
Dear Readers,
Welcome to a New Chapter!
The promised change is here! All the services I offer—mutual fund investments, real estate investments (land/plot), IT consultancy (such as website building and project management), and IT & management training—are now seamlessly integrated into one place.
This blog is just the beginning. My vision is to transform it into a comprehensive, full-fledged website that not only highlights these services but also serves as a platform for empowering and educating you to grow your wealth.
Your support is essential to make this vision a reality. I encourage you to explore the other sections of this blog/website to discover the range of services tailored to meet your needs. Together, let's embark on a journey toward financial growth and technological empowerment.
Thank you for being a part of this mission!
How You Can Support My Work
To maintain the website and enable me to dedicate more time and effort to producing quality articles, I kindly request your support. If you find my content valuable, you can contribute in any of the following ways:
Per Article Donations: Donate any amount of your choice after reading an article you find helpful or interesting.
Monthly Contributions: Set up a small monthly donation to support the ongoing costs of maintaining the website and creating new content.
Your contributions will go a long way in helping me continue publishing articles that demystify mutual funds and empower readers to make informed financial decisions.
Why Donate?
To support independent, high-quality content creation.
To help cover the costs of website hosting and maintenance.
To allow me to focus more time on research and writing articles that benefit you.
How to Donate
I will provide easy and secure donation options on the new website, including popular payment methods. For the time being Indian readers donate through Paytm, PhonePay or GooglePay to mobile number 9000628943, Oversees readers can donate through PayPal to email address manomatt@rediffmail.com Stay tuned for updates as we approach the launch of the new platform.
Your generosity is deeply appreciated and will directly contribute to sustaining this platform and its mission to spread financial awareness.
Thank you for being an integral part of this journey. I’m excited about the opportunities ahead and look forward to your continued support in this new chapter.
Warm regards,
M M Rao
P.S.: If you have any suggestions for topics or features, you'd like to see on the new website, feel free to reach out. I’m always eager to hear from you!
