Imagine this. You started your investment journey with a small SIP in a mutual fund. A few years later, a colleague suggested another good fund, so you invested there too. Over time, you added more schemes to meet goals like buying a home, funding a child’s education, or building a retirement corpus.
Fast forward a few years and you now have several ongoing investments across different platforms. The amounts vary, the investment dates are different, and suddenly, you are no longer sure how much you have invested in total or how your money is actually performing.
If this sounds familiar, you are not alone. This is exactly where the “Track External Funds” tool on Paytm Money becomes useful. It helps you view, monitor, and manage all your mutual fund investments in one place, even if they were not purchased through the Paytm Money app.
Let us understand why tracking matters and how you can do it easily using Paytm Money.
Why You Need to Track All Your Investments in One Place
Investing in a mutual fund is only the first step. The real work begins after that.
Tracking your investments helps you understand:
- Whether your funds are performing as expected
- How they compare with similar funds in the same category
- Whether your portfolio is aligned with your financial goals
When your investments are scattered across multiple apps or fund houses, tracking becomes difficult. You may end up checking performance irregularly or not at all. This can lead to missed opportunities, delayed decisions, or unnecessary risks.
By using Track External Funds on Paytm Money, you get a single, consolidated view of all your investments. This makes it easier to monitor performance, review returns, and review investments more efficiently when required.
(Source: Livemint)
How to Track External Mutual Funds on Paytm Money
Consolidating your external mutual funds is a surprisingly quick process. Follow these simple steps:
- Step 1: Open your Paytm Money App and click on the Mutual Funds section
- Step 2: Scroll down until you reach the Mutual Fund Tools section
- Step 3: Click on the option to Track External Funds
- Step 4: Tap on the Refresh External MF tab to pull in the latest updates from your various holdings.
- Step 5: You will receive a secure OTP on your registered mobile number. Once you enter this code, the app will display all your external mutual funds, including the total investment amount, current value, and overall returns.
(Source: Paytm Money App)
Features That Give You Better Portfolio Visibility
For example, you may have multiple SIPs and investments spread across different websites or apps, with no single place to see your total invested amount. Tracking each one separately means juggling multiple logins and dashboards, which can be time consuming and frustrating.
The track external funds feature is designed to solve the three biggest headaches investors face: management fatigue, performance blindness, and lack of clarity.
1. Centralised Management
Instead of juggling multiple platform logins, you get one unified view. You no longer need to check various apps just to see your total invested amount.
Through this single dashboard, you can:
- Monitor all mutual fund investments in one place, even those not purchased via Paytm Money.
- View vital statistics like the total amount invested and the current value of every fund.
- Keep an eye on the daily updated Net Asset Value (NAV), which tells you the real time price of your fund units.
- View available options to invest or redeem, subject to fund-specific conditions.
2. Deep Performance Insights
Understanding if your money is growing at a healthy rate is vital for long term wealth. The dashboard breaks down your returns so you can see the returns after accounting for investments and market movements.
Paytm Money also visualises how your capital is distributed across different categories:
- Asset Allocation: See the split between Equity, cash and cash equivalent, and Debt.
- Top Holdings: Understand the top company stocks held by the fund.
- Sector Allocation: Check if you are too heavily invested in one industry, such as Banking, Automobile or Technology.
3. Sophisticated Dashboard Analytics
The main portfolio screen is built for at a glance financial health checks. It highlights several key numbers:
- Total Portfolio Value: The combined current worth of every investment you own.
- Daily Movement: View your one day gain or loss in both absolute currency and percentage terms.
- Investment Summary: A clear look at the total amount you have put in versus the total returns earned so far.
- XIRR (Annualised Returns): XIRR calculates your average annual return by accounting for the exact timing of multiple investments and withdrawals. It is the most appropriate metric for evaluating how efficiently your money has grown across irregular cash flows.
- The External Tag: To keep things organised, any fund not originally bought on the app is clearly marked with an External tag.
(Source: Paytm Money App)
Granular Details for Individual Funds
If you want to zoom in, clicking on any specific external fund (like an ELSS or a focused equity fund) reveals an even deeper layer of data.
Performance and NAV Details: For every individual fund, you can verify:
- Current value and one day price fluctuations.
- Total invested amount and specific returns for that scheme.
- Current NAV versus your average purchase NAV.
- The exact number of units you hold and the specific folio details linked to the fund house.
Full Transaction History: Transparency is key to trust. The app maintains a complete record of your past buy and sell transactions for external funds. This includes the date of the transaction, the number of units moved, the NAV at that specific time, and the total transaction amount.
(Source: Paytm Money App)
Conclusion
The Track External Funds feature on Paytm Money is designed to help investors view and monitor mutual fund investments held across multiple platforms in one place. By reducing the need to switch between different apps and logins, it offers a clearer view of portfolio structure and performance.
Whether you are reviewing XIRR, checking sector allocation, or understanding overall portfolio exposure, having consolidated information can support more informed monitoring of investments over time.
Disclaimer: Investment in the securities market is subject to market risks. Read all the related documents carefully before investing. This content is purely for information purpose only and in no way is to be considered as an advice or recommendation. The securities are quoted as an example and not as a recommendation. Investors are requested to do their own due diligence before investing.
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