The consolidated account statement is a comprehensive document that gives the investor all the information they require about their transactions and investments related to depository accounts and mutual fund investments. After giving all depositories the responsibility of gathering this crucial investor-related data together with their PAN in 2015, SEBI put CAS into place. The CAS contains a complete record of all purchases and sales involving a particular mutual fund. As a result, investors can systematically track the progress of mutual funds over time. Each month, a free copy of the document is distributed to users, typically via email in soft copy. You must make a request in order to receive them in hard copy as well. They typically consist of:
Details regarding AMC and mutual funds – All financial transactions, such as purchases, fund transfers, bonus payments, and bank account information.
Investor Information – This information includes the investor’s name, contact details, nominee registration, bank contact details, and method of holding the units.
Consolidated mutual fund statements have numerous advantages for mutual fund investors, including:
To generate the CAS, follow these five steps:
AMCs publish distributor commissions in common account statements in addition to including all marketing costs paid on distributors in the form of gifts/rewards, travel, and event sponsorships. AMFI has asked that AMCs determine the commissions based on the average AUM that each investor holds in each scheme. The statement of transactions and holdings for a shareholder’s Demat account with NSDL and CDSL is determined by the CAS. Information on transactions and holdings across numerous Demat accounts and mutual funds is available from the NSDL CAS. Additionally, it covers dematerialized stocks, warrants, preference shares, and mutual fund units. The remaining components are money market instruments, securitized assets, government securities, and corporate bonds. Investors can get a consolidated view of their holdings or funds under a single PAN with platforms like Karvy, Cams, FTAMIL, and SBFS. It will be sent to the investors via email.
It combines information about the company’s assets, liabilities, and revenue. When an AMC gathers all the information about a fund, it might omit gains or losses. This might be as a result of the inter-branch transactions being hidden while the consolidated financial statement is only shown.
As an investor, you should be knowledgeable about your financial situation, investing goals, risk tolerance, short- and long-term plans, portfolio diversification, and other factors. Before making any kind of investment, always remember to do thorough research. You can do this with the help of online tools or mobile applications. They can give you real-time market updates, expert advice, price alerts, and other helpful insights. Ensure you receive the consolidated account statement on a regular basis to keep track of your investments and make the most of them.
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