Dhan might create a new folio for an investment in an external Mutual Fund in case you have not invested in any fund from that AMC on Dhan. If you have, your investment will be tracked in that existing Dhan folio. Since Dhan will be managing the new investments in these funds, we need to keep the folio at our end for efficient management.
You can consolidate your folios through MF Central in the following way:
- Login or Sign up on MF Central
- Select Consolidation of Folios from the dropdown menu
- Choose the fund house where you want to consolidate the folios
- Select the target folio, which is the one you want to keep
- Select the source folio, which is the one you want to merge
- Provide your consent and verify the OTP that you receive
Note: Folios can be merged only if they have the same details like, nominee, mode of holding, contact, bank details, etc.