Start with one master view
Keep every scheme visible in a single portfolio view. At minimum, you want the scheme name, units, invested amount, current value and return information available without opening several spreadsheets or statements.
Keep transactions separate from the summary
A useful tracker should let you review both the summary and the underlying activity. Purchases, SIP installments, redemptions and switches are the events that explain how a current holding got to where it is today.
Use the right return measure
If money was invested at different dates, XIRR can give a more useful annualised return than simply comparing the first and last portfolio values. That is especially relevant for SIP-heavy portfolios.
Review the portfolio periodically
Tracking does not mean checking every day. A monthly or quarterly review can be enough for many long-term investors. The goal is to make changes based on a clear picture rather than a pile of disconnected numbers.
Put it into practice with FolioTrack
Once you know what you want to measure, the next step is keeping the information organised so you can review it again later.