Consolidated Account Statements (CAS) for Mutual Funds

What is CAS?

Unlike a normal account statement issued by a mutual fund (MF) house, which provides details of a particular folio or a scheme, CAS provide the status of all your folios in different fund houses at one place. CAS use your PAN number to combine the details of all your folios and offer you information about investments, redemption,  switches, dividend payouts and re investments  among others. CAS also mention your nominee registration status, mode of holding and know your-client (KYC) status for each folio and scheme.

SEBI Regulation
Securities and Exchange Board of India (SEBI) has directed fund houses to send a common monthly account statement to investors who transact in any one of the folios of the funds and a common half-yearly account statement for all non-transacted folios. The consolidated account statement (CAS) will also include information on the transaction charge paid to the distributor.

How frequently CAS is issued?

1) CAS would be issued in April and October of every year. 
2) CAS would also be issued for the month when you transact in any one of the schemes held by you. In this case, CAS would include details of only those folios in which you transact.

What are CAS benefits?

If your investments are spread out with various fund houses and different schemes, keeping a track of all theses schemes can be a task by itself. CAS would ensure that you do not have to track the account statements of different Mutual Fund schemes separately and thus would help you reduce your paperwork. CAS would also help you to track the quantum of your Mutual Fund investments at one go at the time of portfolio review or otherwise.

What are CAS limitations?

CAS would be unable to give you a status update on non-financial transactions such as updating your residence address or change in bank account details, among other things.CAS cannot provide details of transactions under demat mode as well.

How can you request for your CAS Statement?

The procedure is very simple. 
You can request for your own CAS through the services provided by any of the following links:

1) www.karvymfs.com/platformservice

2) www.camsonline.com/default1.html (Click on Mailbackservices)

In any of the above links, enter your email address and a password (this password will be used to open the PDF file later). Once you submit this small form, you would receieve the CAS statement in the email and you can open the same with the password you provided earlier. It does not take more than 10 to 15 min to actually receive the CAS statement through email, and it can save some serious time and headache for you.

Tracking your funds can be challenging. Get a complete picture of your transactions and portfolios in a single place in your Consolidated Account Statement (CAS). This saves you lot of headache and time, and eases your paperwork. Time saved is money saved. Get your CAS statement today and enjoy your extra time :)

Cheers

Manoj Arora