A folio number is a unique identifier that is used to keep track of investments, documents and property. It is commonly used by lawyers, banks and creditors, real estate agents, investors, mutual funds and other financial professionals. Knowing your folio number is important when dealing with other parties as it allows quick and accurate identification.

Folio numbers are used to rapidly and easily identify account holders in various financial transactions. For example, when mutual funds leverage the investment pool of its account holders, it tracks each account holder's contributions and returns with different folio numbers.

In the real estate industry, folio numbers are linked to specific plots of land or properties. Folio numbers are allocated for each separate parcel of land and are used to complete necessary paperwork and proceedings. The folio numbers are also used to identify the titles of a specific piece of land or property, which determines the legal owner of such land or property.

Additionally, folio numbers are used to identify the beneficiaries of a trust fund or will. The beneficiaries and trustees are linked to individual folio numbers which are associated with the trust. This allows trustees to consult the precise details in the trust deed, such as the date of establishment, and the names of the beneficiaries.

Folio numbers are also used to quickly identify records and documents in legal practices. For example, barristers and solicitors can keep track of their case files using folio numbers. Associating each case and its components with folio numbers enables professionals to pull up the documents they need quickly and efficiently.

It is highly recommended that investors and account holders familiarise themselves with their folio numbers in order to effectively monitor their investments and other financial activities. Folio numbers are a convenient tool that allows parties to identify their account holders and shareholders and to keep track of their financial activities.