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How to Track Your Mutual Fund Scheme Portfolio and Monitor Your Investments 

Byjiya ahuja

Nov 29, 2023
mutual funds

Investment in mutual fund schemes is one of the most popular methods of investment in India. With the aim of achieving long-term financial goals, investors need to keep a check on their funds’ performance and make informed decisions. To stay updated, investors should track their mutual fund scheme portfolio regularly. It’s a good practice to monitor investments regularly to ensure that they align with your financial goals and expectations.

Tracking your mutual fund scheme portfolio can be beneficial in many ways. It helps you understand the performance of your funds, make well-informed decisions, and reallocate your investment portfolio if necessary.

But, how do you track your mutual fund scheme portfolio? In this article, we will discuss the different ways of tracking your mutual fund scheme portfolio and provide a comprehensive guide to using a SIP calculator.

How to track your mutual fund scheme portfolio: 

1. Directly from the mutual fund company’s website: 

Most mutual fund companies in India have their websites, where you can register and track your investments. The platform enables investors to monitor their investments, track performance, and calculate returns online.

2. From an online portal: 

Several online portals, such as Groww, Kuvera, and Scripbox, allow investors to track investment portfolios without registering with the mutual fund companies. These online platforms also provide a range of complimentary services and tools such as financial literacy, portfolio analysis, and a SIP calculator, making investing and monitoring your portfolio easier.

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3. Mobile apps: 

Many mutual fund companies provide mobile apps that customers can download and track their portfolios. These apps offer real-time updates on investment performance, fund growth, and cash flow. The apps are usually user-friendly and enable customers to analyze their portfolios in-depth.

How to monitor your mutual fund scheme portfolio:

1. Check the NAV (Net Asset Value): 

The NAV of a fund is the per-unit price of the fund that changes depending on the fund’s overall performance, the value of the securities in the fund, and other factors. To assess the performance of your funds, you should check its NAV regularly.

2. Look at the expense ratio: 

An expense ratio is the fee charged by a mutual fund company to manage and operate the fund. You should monitor your portfolio to ensure that the expense ratio charged by your mutual fund company is competitive compared to industry standards.

3. Follow the fund’s performance: 

It’s essential to keep track of the fund’s performance, analyzing its investment strategy, and the market environment. Check the overall performance of your fund against the benchmark index and monitor the returns.

4. Assess your portfolio’s allocation: 

It is critical to assess your portfolio’s allocation regularly. The performance of individual investments within the portfolio can affect the entire portfolio’s risk and return. Ensure that the allocation of your portfolio is aligned with your risk appetite and financial goals.

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Using an SIP Calculator:

The best way to monitor your mutual fund scheme portfolio is to use an SIP calculator. An SIP calculator is an online tool that helps investors calculate the expected return on investment. It can ask you for information like investment amount, period, and expected rate of returns. It’s a fundamental tool for gauging the potential return on investment from an SIP investment. 

Here,s how to use an SIP Calculator:

Step 1: Input your investment amount 

To calculate the potential return on investment, input the amount that you plan to invest in the SIP.

Step 2: Select the investment period 

Input the duration you plan to invest in the SIP, whether it is for five years, ten years, or more.

Step 3: Input the expected rate of return 

Input the expected rate of return based on the historical return of the fund you plan to invest in. This ensures that the calculation is based on informed assumptions.

Step 4: Evaluate the calculation 

The SIP calculator will show the potential return on investment based on the inputs provided.

Using a SIP calculator to monitor your mutual fund scheme portfolio is highly recommended. The tool helps you assess the expected returns from an investment, and from that, you can make changes to your portfolio.

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Disclaimer: The article’s suggestions are only for education purposes. Investors must gauge all the pros and cons of trading in the Indian financial market and make informed decisions that are aligned with their financial goals.

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