Folio quantity for a number of SIPs of identical MF scheme

Hello,

Had a question about how folio numbers are allotted in Zerodha Coin. Suppose I begin two SIPs (one on tenth and different on fifteenth of each month) for a similar MF scheme by way of my Zerodha Coin account then would I’ve two separate folio numbers for each these SIPs or will I get only one folio quantity per scheme regardless of the variety of SIPs I’ve scheduled for that scheme?

Thanks,Mobi

Whenever you begin an SIP in a selected Mutual Fund by way of Coin, a folio quantity is generated for this transaction by the AMC managing the MF. It is possible for you to to see the folio quantity in your Coin dashboard below that exact MF.

would I’ve two separate folio numbers for each these SIPs or will I get only one folio quantity per scheme regardless of the variety of SIPs I’ve scheduled for that scheme?

Any subsequent purchases made in the identical Mutual fund(SIP or Lumpsum) will likely be mapped to the identical folio quantity on Coin. So sure, one folio quantity per scheme.

@Srinivas is it not doable to get a brand new folio for a similar scheme below coin?

I’m doing objective primarily based investing and want the identical fund for two targets – however wish to maintain 2 totally different folios – kindly assist me perceive how that may be accomplished right here

+1, Is there a method to make use of a unique folio quantity for a similar fund, this may assist in monitoring for various targets individually? Is it a restriction in having mutual funds in demat format? If this isn’t doable, what are the opposite methods for reaching this?

@Bhuvan is it doable to have a number of folios?

@ShubhS9 is it doable to have a number of folios?

@Bhuvan is it doable to maintain separate monitoring corresponding to every SIP though folio quantity stays frequent. Else the objective primarily based monitoring isn’t doable.

is it doable to maintain separate monitoring corresponding to every SIP though folio quantity stays frequent. Else the objective primarily based monitoring isn’t doable.

There’s no idea of folios in demat. We’re attempting to do one thing for targets. Give us a while.

Hello, is there any additional replace on this? In the meanwhile I’ve began SIP in identical scheme of identical AMC on a unique platform. Nonetheless, would love to return again on Coin as quickly as this characteristic is enabled.

@Bhuvan can I anticipate some response right here?

@nithin is Zerodha doing one thing for this? There ought to be some response atleast.