Folio number for multiple SIPs of same MF scheme

Zerodha Coin - Direct MF
1

Hi,

Had a query about how folio numbers are allotted in Zerodha Coin. Suppose I start two SIPs (one on 10th and other on 15th of every month) for the same MF scheme through my Zerodha Coin account then would I have two separate folio numbers for both these SIPs or will I get just one folio number per scheme irrespective of the number of SIPs I have scheduled for that scheme?

Thanks,
Mobi

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When you start an SIP in a particular Mutual Fund through Coin, a folio number is generated for this transaction by the AMC managing the MF. You will be able to see the folio number in your Coin dashboard under that particular MF.

Any subsequent purchases made in the same Mutual fund(SIP or Lumpsum) will be mapped to the same folio number on Coin. So yes, one folio number per scheme.

3

@Srinivas is it not possible to get a new folio for the same scheme under coin?

I’m doing goal based investing and need the same fund for 2 goals - but want to keep 2 different folios - kindly help me understand how that can be done here

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+1, Is there a way to use a different folio number for the same fund, this would help in tracking for different goals individually? Is it a restriction in having mutual funds in demat format? If this is not possible, what are the other ways for achieving this?

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@Bhuvan is it possible to have multiple folios?

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@ShubhS9 is it possible to have multiple folios?

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@Bhuvan is it possible to keep separate tracking corresponding to each SIP even though folio number remains common. Else the goal based tracking is not possible.

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There’s no concept of folios in demat. We’re trying to do something for goals. Give us some time.

1 Like
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Hi, is there any further update on this? For the time being I have started SIP in same scheme of same AMC on a different platform. However, would love to come back on Coin as soon as this feature is enabled.

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@Bhuvan can I expect some response here?

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@nithin is Zerodha doing something for this? There should be some response atleast.

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@Neelesh

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Hi @Satyakam_Chaudhary we have recently launched something known as secondary demat where you transfer your long-term holdings to a secondary demat account, where you have the holdings that you don’t want to sell. Any active investment in the same scheme will be credited to your primary demat account, so you can maintain same mutual fund, but holding into different demat account with two different goals.

Coming to the tagging or goals part of this, currently, we are working on revamping the whole goal module on console and the same will be used by kite and coin for easy tracking, which will accommodate the goal tracking requirement in a better way. Might take a couple of months to be live, but we will keep you updated.