How to Track All Your Mutual Funds With PAN

July 23, 2024 Mutual Fund

As we move further into 2024, mutual fund investments continue to be a popular choice for individual and institutional investors seeking to diversify their portfolios and achieve long-term financial goals. The mutual fund industry has evolved significantly, driven by technological advancements, regulatory changes, and shifting investor preferences.

The integration of technology in the mutual fund industry has revolutionized the way investments are managed and tracked. Artificial intelligence (AI), machine learning (ML), and big data analytics are now commonly used to enhance fund management processes. Regulatory bodies continue to play a crucial role in shaping the mutual fund industry. In 2024, there have been several regulatory updates aimed at protecting investors and ensuring transparency.

Key strategies such as diversification, active vs. passive management, risk management, and maintaining a long-term focus are essential for successful mutual fund investments. Additionally, best practices like defining investment objectives, conducting thorough research, regular monitoring and rebalancing, and avoiding emotional investing play a crucial role in effective portfolio management.

[Read: The Mutual Fund Industry’s Expectation from Modi 3.0’s Full Budget]

As the mutual fund industry continues to evolve, staying informed and adapting to changing market dynamics will be key to making informed investment decisions and maximizing returns. Tracking all your mutual funds can be a cumbersome task, especially if you have multiple investments across various fund houses.

Fortunately, in India, you can use your Permanent Account Number (PAN) to streamline this process and get a comprehensive view of all your investments.

This article will guide you on how to track all your mutual funds with PAN, ensuring that you can effectively manage your portfolio.

Understanding the Role of PAN in Mutual Fund Investments

The Permanent Account Number (PAN) is a unique identification number assigned to taxpayers in India. It is a ten-character alphanumeric identifier, issued by the Indian Income Tax Department under the supervision of the Central Board of Direct Taxes (CBDT).

The PAN is essential for various financial transactions, including opening a bank account, receiving taxable salary or professional fees, and making investments in mutual funds.

[Read: SEBI Revamps Mutual Fund Offer Document Format to Boost Ease of Investing]

In the context of mutual funds, the PAN serves as a universal identifier for all your investments. Since fund houses are required to link each investor’s PAN to their investments, this unique number becomes a crucial tool for tracking and consolidating your mutual fund portfolio.

Methods to Track Mutual Funds Using PAN

1. Consolidated Account Statement (CAS)

The Consolidated Account Statement (CAS) is the most comprehensive method to track all your mutual fund investments using your PAN. The CAS is a detailed statement provided by the depositories (NSDL and CDSL) and mutual fund registrars (such as CAMS and KFintech), summarizing all your mutual fund transactions across different fund houses.

Here’s how you can access your CAS:

• Visit the Official Websites, go to the NSDL CAS request page (https://nsdlcas.nsdl.com/), visit the CAMS website (https://www.camsonline.com/) or KFintech website (https://mfs.kfintech.com/mfs/).
• Fill in the Required Details, enter your PAN, email address, and other required details. Select the period for which you want the statement (monthly, quarterly, or yearly).
• You may need to authenticate your request using a One-Time Password (OTP) sent to your registered email or mobile number.
• Once authenticated, you will receive the CAS in your registered email. This document will list all your mutual fund investments, transactions, and the current value of your portfolio.

[Read: Is Your Mutual Fund KYC Status Verified, Registered or Hold?]

2. CAMS Online Services

CAMS (Computer Age Management Services) is one of the leading registrar and transfer agents (RTA) for mutual funds in India. They offer an online portal where you can track your mutual fund investments linked to your PAN. Steps to Track via CAMS Online:

• Register on the CAMS website (https://www.camsonline.com/).
• Click on the ‘Investor Services’ section and select ‘Mailback Services.’
• Enter Your details, and provide your PAN, email address, and other required information.
• Request for a consolidated statement, transaction history, or account statement for specific periods.
• The requested statement will be sent to your registered email address

3. KFintech Online Services

KFintech (previously Karvy Fintech) is another prominent RTA offering comprehensive online services for mutual fund investors. Steps to Track via KFintech Online:

• Register on the KFintech website (https://mfs.kfintech.com/).
• Enter Your details, PAN and other required details.
• Once registered, you can log in to your account and view a consolidated summary of your mutual fund investments.

Additionally, several mobile applications provide an easy and convenient way to track your mutual fund investments using your PAN. Install apps like – MyCAMS, KTrack, Karvy Nivesh etc., from the Google Play Store or Apple App Store.

[Read: 5 Apps to Invest in Mutual Funds Online in India]

4. Investment Platforms and Aggregators

Various investment platforms and aggregators also offer services to track mutual fund investments using your PAN. Platforms like Groww, Zerodha Coin, and ET Money provide a consolidated view of your mutual fund portfolio, allowing you to manage your investments efficiently.

Register on the platform, and sign up using your PAN and other required details. Link your mutual fund investments to the platform by providing the necessary authorizations. Access a consolidated view of your mutual fund investments, transaction history, and portfolio performance.

Advantages of Tracking Mutual Funds with PAN

1. Comprehensive View of Investments

Using your PAN to track mutual funds provides a comprehensive view of all your investments across different fund houses. This consolidated view helps you understand your overall portfolio better and make informed investment decisions.

2. Simplified Portfolio Management

Tracking mutual funds with your PAN simplifies portfolio management. Instead of accessing multiple fund house websites or statements, you can view all your investments in one place, making it easier to monitor and manage your portfolio.

3. Better Financial Planning

Having a consolidated view of your mutual fund investments aids in better financial planning. You can analyze your portfolio’s performance, asset allocation, and returns, helping you make strategic decisions to achieve your financial goals.

4. Improved Compliance and Record-Keeping

Using your PAN to track mutual funds ensures that all your investments are compliant with regulatory requirements. It also aids in efficient record-keeping, making it easier to file your income tax returns and claim any applicable deductions.

[Read: Why Modi 3.0’s Full Budget Needs to Harmonize Capital Gains Tax]

To conclude…

Tracking your mutual fund investments using your PAN is a highly effective way to manage your portfolio efficiently. By leveraging tools like the Consolidated Account Statement (CAS), online services from registrars like CAMS and KFintech, mobile apps, and investment platforms, you can gain a comprehensive view of all your investments. This not only simplifies portfolio management but also aids in better financial planning and compliance.

As an investor, it is crucial to regularly monitor your portfolio, keep your contact information updated, and use reliable tracking tools to stay informed about your investments. By doing so, you can make informed decisions, optimize your returns, and achieve your financial goals.

This article first appeared on PersonalFN here