Mutual Fund Registrars offer some really great facilities to investors to help them track and manage their investments. It is imperative for every investor to periodically check her portfolios and review her investments. I keep repeating in my tweets that investors who do not invest in Direct Plans are losing out tremendously.
There are many facilities for investors that Registrars provide, but I list a only five that we must use. These will help you go Direct AND help to transact, keep track of and maintain your investments.
myCAMS
CAMS has provided a fantastic single common login and one-view to all investors of Funds for which CAMS is Registrar. If your email id is registered in all your funds, you can in a minute create one single login id for ALL funds. It is the only stop you have to make for all your MF investment related services - from doing transactions to checking valuation of your investments, to viewing a variety of statements, downloading service request forms. The only pity is that it is restricted to about half the MF Universe
Facilities
1. One single snapshot view of all your investments in one screen with annualised XIRR. However CAMS XIRR is good only for Growth Funds - it does not take Dividends into account and that is a dampener!!!!!
2. All folios with the same email ID are mapped to your login AUTOMATICALLY without any effort on your part
3. For the opening screen, you can clicl on any of the funds in which you have investments and transact - (You can also switch immediately to the DIRECT PLAN and do youself a favour!!!)
4. Through this investors can immediately download all sorts of statements
An FAQ can be downloaded here . One feature they have not included is the facility to invest in a fund they service as Registrar in which you already dont have a folio! It is simple and could have been included.
Balances of all MFs - SMS back with a missed call to KARVY
Just give a missed call to Karvy at this number +919212993399 and you will get the balances of all schemes in all Funds serviced by Karvy. It is free and really useful to periodically get an overview on SMS!! You dont need to call for your balance or get it from you distributor!!
Consolidated Account Statements for all Funds
For those who dont use this, this is the best thing that happened for investors wishing to mange their investments directly. you can not get one single consolidated account statement for ALL Mutual Funds - whoever is the Registrar. This will be consolidated in one pdf as per the email id registered in the folios. So if your email id is entered in all the folios of your family, you can have all details in a single statement.
Further this comes in two forms - one as a regular detailed statement and one statement with balances as on a particular date. You can filter the statement by PAN to get different statements for different family members.
Try this here from the websites of Karvy: or CAMS . Once again - Go Direct and use these facilities to help your self.
Capital Gains Statement
Redeemed or switched funds during the year and need details to help in filing returns, Registrars help you to get Capital gain statements
Check Karvy and CAMS for Capital gains statements of the funds they handle. Among these CAMS is the superior service with all details in one statement and you can get the statements for the last 3 years also
Portfolio Valuation Statement
Want to see how your fund performance has been and get the annualised returns - get all details in one statement. The link to Karvy's statement is here and you get a one-view statement for your holdings as on date and the annualised return on your investment. A column for dividends received is available.
CAMS statement does not take Dividends into account! It is therefore incorrect to get realt XIRR - annualised returns. However the link is here .
Use the above facilities and you can manage your mutual fund portfolio nicely yourself.
