[This post originally appeared on the Unovest Blog. Click here to read it there.]
Life without a Common Account Number (CAN)
Rohit wrote to me recently asking for advice on his mutual fund portfolio. He shared with me an excel sheet that he used to track his investments. It had the names of the funds, the folio numbers, in whose name the holding was, the broker who had facilitated the transaction, amount invested and units.
I suggested to Rohit that we verify all the investment holdings from the AMC or Registrar statements. I shared with him the link to download a consolidated statement across all mutual funds.
However, the pre-condition for this to work is that you have a common email id registered for all your investments. The consolidated statement will reflect only those investment of yours which have the same email id.
If you have multiple email ids then you have to generate multiple statements using one email id at a time.
Rohit did some work only to realise that he was NOT able to get statements of all his holdings. First he realised that he had used 2 email ids. So he generated two statements. But that still didn’t sum up for all his investments.
He then realised that probably some of his investments don’t even have a email id registered.
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