Now Live: Track all your External Mutual Funds on Dhan!

Product Announcements 🔈
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Dear Investors,

We love building products and features for those who think they are made for the markets - be it Super Traders or Long Term Investors. We started our investing journey with Stocks & ETFs, and have been lately doubling down on making investing features and capabilities for the Mutual Funds investing platform that we launched a few months back.

At Dhan, our mission has always been to make trading and investing simpler and more accessible. While at this, we also want to ensure that it is easier for you to track and manage your investments - even the ones outside of Dhan, on Dhan to show you a consolidated view of your financial assets. This is exactly why Dhan was one of the first investing platforms to enable tracking of your Portfolio Holdings across all brokers on Dhan including real-time values during market hours, and later also showing the Cash in Bank as Balances across all connected banks - all of this through the Account Aggregator framework.

Now, we are excited to announce that we are also introducing the ability to Track your External Mutual Fund investments on Dhan. With this new update, you will now be able to view all your Mutual Fund investments in a single place - Dhan, which also saves you time while you are making informed investment decisions on Dhan.

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Steps to Track your External Mutual Fund Portfolio on Dhan:

  1. Go to the Main Portfolio on Dhan
  2. Scroll down to Investments outside Dhan and tap on Mutual Funds
  3. Proceed ahead with the journey to connect with MF Central and verify the request via OTP.

You can also access this via External Mutual Funds under Portfolio, or also via the main home section of Mutual Funds, and scroll down to External Portfolio.

That’s it! All your external Mutual Funds Investments will sync in a few minutes. You will receive a notification on the Dhan app once your entire Mutual Fund portfolio is available.

For your convenience, we have also added the External Portfolio to your main Portfolio section of the Mutual Funds section, making it much easier, simpler and accessible for you to track all your investments on Dhan.

Please note that any new purchases or redemptions done externally will update during your next refresh, available once every 7 days. And this is just the beginning! We have more exciting features on the way, including the ability to redeem external funds and switch from Regular to Direct funds, all on Dhan.

Start tracking all your Mutual Funds on Dhan, and share your feedback with us!

Stay Invested with Dhan,
Radhika

5 Likes
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Hi @Radhika

Can you please check why I am not able to fetch external funds? Attaching the screenshot.

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Hi @Ajay_Chhabra , this feature is designed to provide existing Dhan Mutual Fund users with an integrated investing experience by giving them a complete view of their portfolio. You’ll need to make at least one investment on Dhan to unlock this benefit and start tracking all your external mutual fund investments on Dhan.

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Dear Dhan Team,

Thank you for enabling Mutual Fund investing and tracking of external Mutual Funds on the Dhan platform.

Today, I began shifting my SIPs from Paytm Money to the Dhan Platform and initiated 5 SIPs. More SIPs will be transferred from Paytm Money to Dhan in the coming days.

However, I am facing an issue with the tracking of external Mutual Funds. The data is currently showing incorrectly, and I believe I understand the cause. After setting up my SIPs on the Dhan Platform, I started consolidating one of my Nippon Mutual Fund folios through MFCentral. I plan to consolidate additional folios in the future for easier management.

Yesterday, I completed the consolidation of the Nippon Growth Fund - Growth - Direct folio.

Suggested Solution:
After consolidating a Mutual Fund folio, the amount and units should appear under the main Dhan Mutual Fund section, as the distributor has been set to Dhan for all associated amounts and units for the Nippon Growth Fund - Growth - Direct. Alternatively, any units from previous investments should still be visible under External Mutual Fund tracking.

Currently, these units are not visible in either the main Dhan Mutual Fund section or the External Mutual Fund tracking. Since I plan to continue consolidating multiple mutual fund folios, I kindly request that you look into a solution to accurately reflect these consolidated folios on the Dhan platform.

Until a proper resolution is in place, I will not proceed with further another consolidation of mutual fund folios.

Thank you for your attention to this matter. I look forward to a resolution.

Complete mail with Folio numbers (Source + Target both ) and Amount sent at help@dhan.co

Thanks,