Consolidated Mutual Fund Statement

What is Consolidated Mutual Fund Statement?

A Consolidated Account Statement (CAS) is a comprehensive document that provides a detailed view of an investor’s financial transactions across all mutual funds and securities held in their demat account(s) during a month. It is a single combined account statement that shows the details of transactions made by an investor, including purchases, redemptions, switches, SIPs, SWPs, and dividend payouts. The CAS is generated by the Depositories (NSDL or CDSL) and is sent to the investor’s registered email address. This consolidated account statement CAS is a valuable tool for investors, offering a clear and organized view of their financial activities across all their investments.

The CAS includes details like:

• Purchases, redemptions, switches
• SIPs, STPs, SWPs (Systematic Investment Plans, Transfers, and Withdrawals)
• Dividend payouts or reinvestments

It also shows the opening and closing balances of all your mutual fund investments linked to your PAN. However, non-financial changes, such as updating your bank details, address, or nominee information, are not included in the CAS.

Besides mutual funds, the CAS also logs transactions for other investments held in demat form, such as stocks and other securities. This makes it a handy tool to keep track of your investments in one simple statement.Therefore, CAS is a comprehensive statement of all your investment transactions (financial investments). The CAS is generated on a monthly basis and emailed on the 10th of the following month. CAS is generated based on PAN number. Therefore, it captures all the financial investment transactions associated with a PAN. Furthermore, you haven’t made any transactions in a month, and no CAS will be generated.

How to Generate Your CAS Online

You can also generate your CAS online via the official websites of CAMS or KFintech, which are trusted platforms for mutual fund services. These portals allow you to access detailed insights into your investments and monitor them conveniently.

By monitoring your CAS, you can have a consolidated view of all your capital market investments, ensuring better financial planning.

Who Issues a Consolidated Mutual Fund Statement (CAS)? CAMS and KFintech

The Consolidated Account Statement (CAS) is issued by Central Depository Services (India) Limited (CDSL) and National Securities Depository Limited (NSDL). These entities come together to provide a comprehensive view of your investments. If you have a demat account and make transactions in a particular month, you will receive a CAS for that period.

The CAS provides a summary of your investments, including mutual funds, non-convertible debentures (NCDs), portfolio management services (PMS) schemes, equity shares, and other capital market investments. These statements are generated using your PAN as a unique identifier to track your holdings across different platforms.

While CDSL and NSDL are the primary issuers of the CAS, CAMS and KFintech are not direct issuers. Rather, they facilitate access to these statements through services like mail-back requests, helping investors conveniently receive and review their CAS.

Who Issues a Consolidated Mutual Fund Statement?

Central Depository Services (India) Limited (CDSL) and National Securities Depository Limited (NSDL) issue CAS. Only if you have a demat account and are transacting you will get CAS for that month. It comprises information on mutual funds, non-convertible debentures, portfolio management services (PMS) schemes, equity shares, and other capital market investments. The depositories use your PAN number to track your investments and generate CAS.

Furthermore, if there is no common PAN between the RTAs and the Depositories, you can get the CAS from a registrar and transfer agent or the mutual fund house. You can generate your CAS online on Official CAMS or KFintech website.

What if PAN Details Don’t Match?

If the registrars and depositories do not share a common PAN, you can still get your CAS through the registrar and transfer agent (RTA) or directly from the mutual fund house.

What are the Benefits of a CAS?

The following are the benefits of CAS:

Evaluate Performance

The consolidated mutual fund statement allows you to review the performance of all your investments in one place. By comparing returns across different funds and asset classes, you can identify which investments are performing well and which may need reconsideration. For example, if you notice that a particular equity fund has consistently underperformed its benchmark, you might decide to switch to a different fund or adjust your allocation. Additionally, the CAS helps you determine whether investments qualify as long-term (for taxation purposes). Equity investments attract long-term capital gains tax (LTCG) after one year, while debt funds become eligible for LTCG benefits after three years.

Tax Estimation

Because the CAS records all your financial investment transactions—including purchases, redemptions, and dividends—you can more easily estimate your overall tax liability. For instance, if you’ve held an equity fund for over 12 months, you can quickly calculate potential long-term capital gains for tax planning. For debt funds held beyond three years, you can assess indexation benefits to reduce taxable gains. Furthermore, you can furnish the CAS as proof of tax-saving investments (like ELSS funds) to your employer for TDS purposes, simplifying the documentation process.

Track Dividends and Redemptions

A CAS statement consolidates details of all your dividends and redemptions across multiple schemes. By having an overview of all such transactions, you can accurately track the income generated from your investments. This consolidation helps you stay organized, ensures you don’t miss out on any dividend credits, and lets you evaluate how frequently you’re redeeming funds, which can have implications for both your overall portfolio strategy and tax calculations.

How to Download CAS Online?

You can download the CAS via a mail-back service. Following is the procedure to download CAS:

• Visit the Official CAMS website.
• Under the Services for Investors tab, select ‘Statements’.
• Next, select the ‘CAS – CAMS + KFintech’ option.
• On the following page, you need to select the ‘Statement Type’:
  • Summary (only balances and valuation) OR
  • Detailed (includes transaction listing)
• Next, give the following details:
  • As On date
  • Select the folio listing: With zero balance folios, or Without zero balance folios or Transacted folios and folios with balance.
  • Email
  • PAN
  • Password: A password to protect your statement. You need to use this password to open the statement once you receive it.
  • Confirm Password
• Click on Submit to receive the CAS PDF statement on your registered mail.

Once you receive the email from CAMS, download the password-protected PDF. Now, use the set password to access your mutual fund consolidated account statement.

Receiving Your Consolidated Account Statement

The Consolidated Account Statement (CAS) is sent to the investor’s registered email address on a monthly basis if a transaction is made during the month. If no transaction is made, the CAS is sent half-yearly. Investors can also download the CAS from the websites of CDSL, NSDL, AMFI, or CAMS. To download the CAS, investors need to log in to their account, enter their PAN number, demat account number, and date of birth, and verify their identity through an OTP sent to their registered mobile number. This process ensures that investors can easily access their CAS and stay updated on their financial transactions.

Contents of a Consolidated Account Statement (CAS)

The consolidated account statement contains the following:

Personal Details

• Email ID
• Name
• Address
• Phone Number
• Mobile Number

Investment Details

• Mutual Fund Name
• Folio Number
• PAN Number
• Investment Type: Direct or Regular
• Registrar Name
• KYC and PAN Complaint
• Date
• Transaction Type: Purchase, Redemption, Stamp Duty, etc.
• Investment Amount
• Units
• Price
• Unit Balance

How to Download CAS Online?

You can download the CAS via a mail-back service. Following is the procedure to download CAS:

• Visit the Official CAMS website.
• Under the Services for Investors tab, select ‘Statements’.
• Next, select the ‘CAS – CAMS + KFintech’ option.
• On the following page, you need to select the ‘Statement Type’:
  • Summary (only balances and valuation) OR
  • Detailed (includes transaction listing)
• Next, give the following details:
  • As On date
  • Select the folio listing: With zero balance folios, or Without zero balance folios or Transacted folios and folios with balance.
  • Email
  • PAN
  • Password: A password to protect your statement. You need to use this password to open the statement once you receive it.
  • Confirm Password
• Click on Submit to receive the CAS PDF statement on your registered mail.

Once you receive the email from CAMS, download the password-protected PDF. Now, use the set password to access your mutual fund consolidated account statement.

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Eligibility and Troubleshooting

To be eligible to receive a Consolidated Account Statement (CAS), an investor must have a valid PAN card number and a demat account with a Depository Participant (DP). While a CAS is typically sent half-yearly if no transactions occur, this is conditional and not all investors will necessarily receive one under these circumstances. The CAS is sent to the investor’s registered email address, so it is essential to ensure that it is updated and accurate.

If an investor does not receive their CAS, they can troubleshoot by checking their email spam folder, verifying their email address, or contacting their DP or the Depository’s customer care. Additionally, investors can also use the mail-back service provided by CAMS and KFintech to receive a soft copy of the CAS showing their current holdings across all mutual funds. This ensures that investors have multiple ways to access their CAS and stay informed about their investments.

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