I’m quite new to investing, and I started using Paytm Money to invest in mutual funds since May.
I invested in one fund of SBI back in May, and got assigned a Folio number. Last week, I invested on another fund of SBI, and the statement says that this also correspond to the same Folio number.
My expectation was that Folio number is similar to bank account numbers, and for each new fund (may be even bet Growth/IDCW options), I’ll receive a unique number. Is it not the case?
Is my Folio number expected to be unique per AMC corresponding to my PAN and will remain same for all funds under it?
I checked few of my friends, and interesting they have mixed experiences of both of these situations. So, I got confused and became curious to know what’s expected.