Understanding Consolidated Account Statement (CAS) for Mutual Funds in India

Investing in mutual funds might be a smart way to grow your wealth. But with multiple investments across different Asset Management Companies (AMCs), keeping track of them all can be a hassle. This is where the Consolidated Account Statement (CAS) comes in.

This blog post by Shriram AMC demystifies CAS so that you can download your statement and keep tabs on your investments.

What is a Consolidated Account Statement (CAS)?

A Consolidated Account Statement (CAS) is a unified platform provided by the Association of Mutual Funds in India (AMFI) to streamline the process of managing mutual fund investments. It offers a consolidated view of all your mutual fund investments across different fund houses, making it easier to track your portfolio's performance, analyze your investments, and make informed decisions.

It consolidates information on your investments across various AMCs, including details like:
 

• Mutual fund schemes you are invested in
• Number of units held in each scheme
• Transaction history (purchases, redemptions, switches)
• Current Net Asset Value (NAV) of each scheme
• Market value of your holdings

Importance of CAS to Mutual Fund Investors

A CAS offers several benefits for investors, some of which are mentioned below:
 

• Consolidated View: It provides a single window view of all your mutual fund investments, regardless of the number of fund houses or schemes you have invested in.
• Simplified Tracking: It simplifies the process of tracking your portfolio's performance, making it easy to monitor your investments and identify areas for improvement.
• Informed Decision-Making: By providing a clear overview of your investments, CAS helps you make informed decisions about your investment strategy, such as rebalancing your portfolio or switching to different funds.
• Easy Access to Information: You can easily access important information such as your investment history, transaction details, and tax-related documents.
• Enhanced Security: CAS ensures the security of your investment information by implementing robust security measures.

 

How to Generate a Consolidated Account Statement

To generate a CAS, you can follow these steps:
 

• Visit the CAMS or Karvy Website: You can access the CAS portal through the websites of CAMS or Karvy, two of the largest registrar and transfer agents in India.
• Provide Necessary Information: You will need to provide your PAN, mobile number, and email address to access your account.
• Verify Your Identity: You may need to verify your identity through a one-time password (OTP) or other authentication methods.
• Generate Your CAS: Once your identity is verified, you can generate your CAS.

You can also request a physical CAS from your Registrar and Transfer Agent (RTA) like CAMS or Karvy. However, the offline method maybe more time-consuming than the online one.

How Do AMCs Compute Consolidated Account Statement?

AMCs collect and process data from various sources, including their own systems and the systems of registrar and transfer agents. This data is then consolidated into a single, unified view of your mutual fund investments.

What are the Contents of a Consolidated Account Statement?

A CAS typically includes the following information:
 

• Investor details (name, PAN)
• AMC details
• Scheme details (scheme name, investment type)
• Transaction details (date, type, amount, units)
• Current holdings (number of units, NAV, market value)
• Dividend/bonus details (if applicable)

Advantages and Disadvantages of Consolidated Account Statement

Now that we have discussed in detail what a CAS is and how it helps investors, let’s take a look at some more of its advantages, and also a few of the disadvantages:

Advantages:

• Simplified Investment Tracking: It provides a consolidated view of all your investments, making it easy to track performance and make informed decisions.
• Enhanced Security: It ensures the security of your investment information by implementing robust security measures.
• Easy Access to Information: You can easily access important information such as your investment history, transaction details, and tax-related documents.

Disadvantages:

• Technical Issues: Sometimes, there may be technical glitches or delays in generating the CAS.
• Data Accuracy: While AMCs strive to provide accurate data, there may be occasional errors or discrepancies.

Wrapping Up

Consolidated Account Statement (CAS) has revolutionized the way mutual fund investors manage their portfolios. By providing a unified view of all your investments, CAS simplifies tracking, analysis, and decision-making. It empowers investors to take control of their financial future. As you set out on your investment journey, consider partnering with a reliable AMC like Shriram AMC which may help you achieve your financial goals.

Visit our website today to explore a range of investment options and start your journey towards a brighter financial future.
 

FAQs

Here are some additional frequently asked questions about CAS:
 

1. What if I have investments in both dematerialized and physical mode?

A CAS typically reflects holdings in dematerialized accounts only. You might need to track physical certificates separately or contact the issuer for details.
 

2. How frequently is a CAS issued?

CAS is generally issued monthly if there have been transactions in your mutual fund folios. If there's no activity, you might receive it biannually.
 

3. Is there a fee associated with downloading a CAS?

Downloading a CAS through online platforms like MFCentral is usually free. However, physical copies requested from RTAs might incur a nominal charge.
 

4. What happens if there are discrepancies in my CAS?

If you notice any errors in your CAS, contact your AMC or RTA immediately to investigate and rectify the issue.
 

5. Can I get a CAS for my joint mutual fund holdings?

Yes, a CAS will be generated for all folios linked to your PAN, including joint holdings. However, the statement will reflect the first account holder's details.