Why did a new folio number get created when I invested again ?
A new folio gets created when your investment details like your name, holding pattern (single/joint), tax status, or bank account don’t exactly match an existing folio you already have with that fund house.
If everything matches an existing folio exactly, your new investment typically gets added to it instead of creating a new one. But even small differences, like a different bank account linked to the transaction, can trigger a new folio to be opened.
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