How do we integrate all mutual funds together in one location?

In India the country of India, combining all of your mutual fund holdings in a single place to conduct transactions isn't possible at the moment. But, there are ways to look over your portfolios of several fund houses all in one location for more efficient monitoring.

Here's how you can help:

• Consolidated Account Statement (CAS):

This document is provided from CAMS along with Karvy FinTech, the two biggest transfer agents and registrars of mutual funds India. You can create the CAS on their sites together your PAN numbers. The CAS gives the summary or a complete analysis of the mutual fund assets you have in the majority of fund houses that utilize their services.

• Online Aggregator Platforms:

Platforms such as MFCentral or Groww permit you to connect your Demat accounts to view your mutual fund portfolios from various fund houses. These platforms have the ability to track portfolios, and offer basic features such as SIP cancellations or address update however they do not grant full transactions across all platforms.

Important Note: Neither the CAS or online aggregator platforms permit direct selling, buying or redeeming on mutual funds from all platform. It is still necessary to connect to the websites of each fund house or apps to conduct transactions.

Looking Ahead:

The Securities and Exchange Board of India (SEBI) is currently working on a plan to create an integrated KYC (Know Your Customer) platform. This could lead to an improved platform to manage mutual funds into the near future however there is no specific date for when this will happen.

Easier Management:

• You might want to consider together one fund house for all of your investments, to make it easier for the tracking of transactions and transfers.
• Keep a neat and organized physical or digital document on your financial statements of every mutual fund. It will benefit you track your investment portfolio and their performance over time.

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