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All About Consolidated Account Statement (CAS)

19 November 2021

Mutual funds investment these days are made easy. There are multiple platforms including Groww through which you can directly invest in mutual funds. However, these digital platforms (both direct and brokerage) have come up only in recent years. There are those who would have invested in mutual funds through individual fund houses’ websites. So for them, it is important to stay updated on portfolio returns.

So if you are one such investor, you can check all your funds’ performance through a consolidated account statement. Popularly known as CAS. Note that, it is available for all investors.

In a move to help investors handle mutual fund information easily, the Securities & Exchange Board of India (SEBI)  made an amendment for all mutual fund investors to obtain a CAS.

What is it?

CAS as the name suggests is a statement that consists of all the mutual fund holdings of the person which he might have invested over a given period of time. The document provides information about all your mutual fund investments including their NAVs, market value, and returns.

The whole purpose of CAS is to keep the investor informed about the performance of the mutual fund in which they have invested their money.

How To Generate CAS Online?

You can get your CAS generated via CDSL, NSDL, AMFI, or even CAMS. For explanation purposes, CAMS is considered as an example.

Go to www.camsonline.com

  • Step 1: Click on Investor Services from the menu bar. And select Mailback Services from the menu on the left.

Step 1 to download Consolidated Account Statement

  • Step 2: Click on Consolidated Account Statement ‘CAMS+Karvy+FTAMIL+SBFS’

Steps to download consolidated account statement -Step 2

  • Step 3: Provide details regarding registered email and password (The password for this will be sent by CAMS). Also, specify the statement time and the time period for which you want to know the nature of your holdings. After that, click on Submit.

Downloading CAS step 3

By clicking on Submit, you will get the CAS statement from CAMS on your registered email ID. To open and view your statement use the password you provided.

You can also download CAS free of cost from other platforms including Karvy, Franklin Templeton, and Sundaram.

What Are The Benefits Of CAS?

Here are a few good reasons why you should have your consolidated account statement with you:-

1. Helps In Fund’s Performance Review

You can use CAS to review your mutual fund portfolio to check if your investments are in profit. And you could decide whether you should continue to stay invested in a particular fund.

2. Reduces Paperwork

CAS is a one-stop shop for all your financial investment data. It helps in reducing paperwork as you can monitor your portfolio under one report.

3. Helps You Understand Your Tax Liability

CAS provides you with detailed information about your transactions which can be used to identify your tax liability. CAS can be used to avail tax deductions along with tax-saving investment proof.

What Details Does CAS Show?

It can contain basic information including name, email, date of birth, contact number and bank account details.

Apart from basic information, it also contains details such as holding units, unique client code and International Securities Identification Number of all securities in your portfolio.

A CAS consists of all information regarding the switching or merging of funds by means of financial purchases and transactions.

You can also see details of dividends or bonus payments, that funds have given. It also includes specifics regarding reinvestment or a New Fund Offer.

CAS also shows details of the investment mode (lump sum or Systematic Investment Plan) along with closing and opening share unit portfolio balances.

Take note

While CAS is a one-stop place to view your entire portfolio, it doesn’t provide information about the fund houses. The CAS also doesn’t contain any details on the company’s performance. That is, the companies where fund houses invest.

Happy Investing!

Disclaimer: The views expressed in this post are that of the author and not those of Groww

Disclaimer

The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing. Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.
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