How should I track mutual fund portfolio – across schemes and AMCs – in one place? This has been a common problem expressed by many investors.
If you happen to have investments in just 4 mutual funds, that is, HDFC, Quantum, Sundaram and Franklin Templeton, you are going to have an interesting time tracking all these investments with multiple folios in one single place.
Add to that investments in the name of family members and you have got a multiplication of your tracking problems.
Is there a solution?
Of course, there is.
Unovest has now got you a solution with which you can:
- Track mutual fund portfolio – all investment folios including of family – in one place
- See a quick summary of your MF investments
- An analysis of your investment holdings
- Track your capital gain and loss for reporting in your income tax returns
- Tag your investments to specific goals and monitor the progress
All you need to ensure is that your email id is registered with your mutual fund investments.
Here is a step by step process of how you can do this.
Step 1: Download the consolidated account statement from CAMS
If you have registered an email address in your folios across funds serviced by CAMS, Karvy, FTAMIL (Franklin) and SBFS (Sundaram BNP), you can use the CAMS Mailback Service to obtain a consolidated PDF Account Statement at your registered email address.
Please note that only the CAMS consolidated statement PDF can be used to make this work.
Visit the following link: http://www.camsonline.com/InvestorServices/COL_ISAccountStatementCKF.aspx
If the link doesn’t work, see the following video for an alternative path to download the statement.
You will see a screen like this.
Select the various fields as suggested in the image and press submit.
You will receive a consolidated account statement in your email.
Please note: For reasons of security the statement will be encrypted using the password provided by you, and emailed only to the address provided earlier in your application form.
This service is linked to your email id. If you do not have your email id registered in your mutual funds, those transactions will not appear.
If you do not have an email registered with your mutual fund, here’s how to do it.
In case you registered multiple email ids for different mutual funds, then you have to download separate statements using each of the email ids.
Step 2: Upload and track mutual fund portfolio on Unovest
In case you do not have an account yet, you can quickly create a Free Account. It takes just a minute or so.
Once you login, you will see an option to “Upload Portfolio” on the left panel. When you click on it, the screen below would appear.
By now, you would have downloaded the statement that was sent to you by CAMS to your email id.
Upload this PDF statement using this screen.
Since you have a password for the file, the program, in the next screen, will request you to enter the same so that it can read the file.
As soon as you provide the password and click on ‘Process‘, all the transactions will be uploaded.
Note: While the process is extremely smooth, in some rare cases, there might a few transactions or schemes that might not be identified by the system. The system will prompt you to help with those. In that case, all you have to do is to type the correct transaction type or scheme in the box alongside the identified transaction or scheme. A list of options would appear from which you can select the one that is yours. That’s it.
Click on Save and Proceed.
If you have downloaded multiple statements for different email ids, repeat the above process.
Done! Great, you can now proceed to view some quick and free reports under the My Reports section. The reports include:
- Portfolio Summary which shows your current holdings along with allocation and performance as measured by XIRR
- Portfolio analysis which shows a breakdown of your holdings in terms of Equity, Debt, Cash; Large, Mid, Small cap; Top 10 Holdings, Sectors as also key information on your funds.
- Gain / Loss report which you can use for your tax filings too
- Savings report that shows you how much likely commissions are you paying out on your regular fund investments.
- Switch report that tells you which funds and how many units are free to be switched or sold.
Did I tell you the best part?
You can even transact online in your current folios and mutual fund schemes on Unovest platform itself.
Not just that you will be able to track your systematic investments along with relevant alerts and notifications.
So, what are you waiting for? Start now to track and transact in your mutual fund portfolio transactions today in one place.