One can invest in mutual funds online or offline, directly or via a distributor. Periodic reviews of your SIPs, investments are a must. While you can deep dive into the fund's track record, fund house trajectory etc. and do more than your due diligence, carrying out at least simple fact checks is strongly advised by all financial planners. To simplify this exercise for you, your mutual fund house itself can be a great source. It can provide you with important documents that you can use to take stock of your money matters. After investing, you must track your investments by regularly checking the following information made available by the fund house.
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Account statement
This statement is sent by the fund every time a purchase/redemption/switch is carried out. It provides details of the folio, nature of the transactions, opening and closing balance of units, applicable NAV, load applicable (if any) and current value of investment. The account statement can be preserved as a record.
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Capital gain statement
A capital gain statement can be requested from the fund house. Typically when an investor carries out a redemption transaction, either short term or long term capital gains tax is applicable, depending upon the duration of holding the investment. This statement provides details of date of purchase, redemption, cost, NAV at the time of redemption and the capital gain applicable.
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Fact sheet
The fact sheet is published by the mutual fund each month and provides relevant information about the schemes such as the portfolio, AUM, performance data, various risk and performance measurement ratios. This data is helpful to compare the performance of the scheme with similar schemes of other mutual funds.
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Investor communication
Changes carried out by the fund are communicated to investors. These may include change of fund manager, expense ratio, load, risk rating etc. These changes may have an impact on the performance of the scheme.
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Monthly consolidated account statement
A statement known as the consolidated account statement (CAS) is sent to investors at the end of each month, with details of holdings under all fund houses and schemes and records of transactions.
