What is Statement of Account (SoA) in Mutual Funds?
A Statement of Account (SoA) is like a bank statement for mutual fund investments, showing transactions, units held, and value. In SoA mode, units are held with the fund house, not in demat form, and redemptions are money-based. It's flexible, fee-free, and supports SIP/STP/SWP, but managing multiple folios across AMCs may require more effort compared to a unified demat view.