New folios not necessarily mean new investors.
- If I already have SIP in hdfc amc funds and open a new SIP in UTI AMC, a new folio is created.
- If I already have SIP in Quant amc in Zerodha coin and if I start another quant amc fund in mfuonline (goMF) a new folio is created.
Above both are from my personal experience.
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