What is a Consolidated Account Statement?

If you want to know about your child’s academic performance, then a quick glance through the latest report card will provide the required information. Similarly, in the world of mutual funds, the Consolidated Account Statement (CAS) is the report card of your investments.If you’ve invested in multiple mutual funds across fund houses, then tracking the performance of every fund can be a challenging and time-consuming process. The CAS offers an instant performance overview of all such investments. Here’s a detailed explanation of what CAS is and its importance-

CAS is a statement that includes detailed information about all your investments held in De-materialized (Demat) format, including mutual funds, stocks, warrants, preference shares, corporate bonds, government securities, and money market instruments. The statement is generated every month and sent to the investors through email.Apart from providing an instant overview of the performance of your investment, it also captures all the transactions associated with your PAN. Thus, for instance, if you've invested in four mutual fund schemes, then the CAS will capture all the transactions such as redemption, purchases, switches, dividend payouts, dividend reinvestments, and SIP/SWP/STP across the four schemes.

All your investments in the financial markets are linked to your PAN. The CAS is generated by tracking all the investments and transactions linked to your PAN. The depositories like CDSL and NSDL are responsible for tracking these details.While CAS is sent to investors every month, when there is a transaction in their investment portfolio, they can also access it through the online portals of CAMS, Karvy, AMFI, NSDL, and CDSL. However, no CAS is generated for the months when there are no transactions in the portfolio. Every mutual fund investor is eligible to receive CAS once a month without any fee or charges.

Apart from the financial transactions, the Consolidated Account Statement (CAS) includes details such as-

• Opening and closing balances
• Nomination registration status
• KYC status
• Mode of holding
• UCC (Unique Client Code) for every scheme and portfolio
• ISIN (International Securities Identification Number)
• Registered mobile number
• Email address

The process to generate your CAS online is more or less the same whether you use CAMS, Karvy, AMFI, NSDL, or CDSL. To give you an idea, here are the steps you can follow for generating your CAS through CAMS-

• Visit https://www.camsonline.com/
• Click on “View More” under the Service menu
• On the new page, click on “CAS-CAMS”
• You’ll now be asked to enter your Registered Email (Email linked to mutual fund folio), PAN, and Mutual Fund (Fund House) name
• Under Folio Listing, choose an option as per your requirement- you can view the statement for a particular duration, view folios with or without zero balance, etc.
• Choose a password and click on the “Submit” button

Once the details are successfully submitted, the CAS as per the chosen folio listing will be sent to your email address. The PDF file will be protected by the password you selected while filling out the form.

There are several reasons that make the Consolidated Account Statement (CAS) crucial to every investor. Take a look-

• Reviewing Fund Performance Investors can use the account statement to review the performance of their mutual fund investments. Based on the review, they can decide whether or not they’d like to remain invested, redeem their investment, or switch to another scheme.
• Eliminates Complex Paperwork The CAS is a one-stop solution for tracking all your investments. It eliminates the need to track every mutual fund investment individually or get involved in the complex documents of every fund. A single statement offers all the vital information you need.
• Understand Tax Liability As the CAS also captures all your financial transactions, it helps you understand your tax liability. Moreover, the statement can also be used as proof when investors want to claim deductions on their tax-saving investments.

The CAS is an important piece of document for every mutual fund investor. It is a one-stop solution to track the performance of your investments and all the transactions performed in various folios every month. Moreover, as it is a free service, investors don’t need to pay any fee for receiving these statements.If you're about to invest in mutual funds for the first time, then ensure that you register your email with the fund house to start receiving CAS. If you change your email address, then update the same in your mutual fund account to avoid missing any statements.

The information contained herein is generic in nature and is meant for educational purposes only. Nothing here is to be construed as an investment or financial or taxation advice nor to be considered as an invitation or solicitation or advertisement for any financial product. Readers are advised to exercise discretion and should seek independent professional advice prior to making any investment decision in relation to any financial product. Aditya Birla Capital Group is not liable for any decision arising out of the use of this information.