As a wise investor, it is advisable to regularly monitor and review your mutual funds online. Apart from receiving performance updates from the fund managers, it is beneficial to view the CAS in depth to obtain a holistic view of financial market holdings. Consolidated Account Statement (CAS) provides in-depth information about your mutual fund transactions in a single place. CAS covers all mutual funds schemes registered under your PAN (Permanent Account Number) across depositories (CDSL and NSDL).
Here is a quick guide about Consolidated Account Statements (CAS):
What is a CAS?
A CAS is a statement that contains information about all your mutual fund investments and other securities linked to your Demat account. The CAS includes detailed information about all your mutual fund transactions and gives important insights, such as investment value, Net Asset Value (NAV), NAV data, etc. A typical CAS statement includes details like your name, address, mutual fund online scheme name, folio number, market value, registrar, opening balance, PAN number, equity and preference shares, and more.
The statement also lists the financial transactions of your mutual fund online plan, such as a merger or switching of funds, bonus or dividend received, redemption details, reinvestments, mode of payment (SIP/lump sum), opening and closing share units, mode of holding units, etc.
When do you receive CAS?
According to SEBI (Securities and Exchange Board of India), you receive the CAS every month when a financial transaction takes place in your mutual fund online folio and/or Demat account that holds other securities. Your depository (NSDL or CDSL) will send you the CAS. If you have multiple accounts across these depositories, the depository of your first account becomes the default depository to send the CAS. Ensure you receive the CAS on your email for better security and retrieval.
Why is CAS beneficial for investors?
As an investor, here are some reasons that specify why you should receive and understand the CAS for your mutual funds online:
- Understand the health of the mutual fund company: By reading the CAS, you can better gauge the financial condition of the mutual fund company. You can track the performance of a mutual fund online scheme and assess if the fund house you are selecting is financially sound. The CAS enables you to know the ethics and values of the fund house.
- Minimizes paperwork: CAS contains all information about your mutual funds online, giving you one-place access to the insights you need. This reduces the need for an investor to download multiple reports for different mutual fund investments.
- Review investment: CAS presents a detailed summary of your mutual fund investments and financial transactions related to your Demat account. You can conveniently view all this information in one place, regularly review the performance of your mutual fund online scheme and make decisions regarding switching and restructuring of the portfolio.
- Promotes safety: CAS enables you to spot any unknown or unauthorized transaction in your portfolio. This reduces the risk of fraud and forgeries, a common thing in today’s online trading, investment and digital payment methods.
Apart from CAS, use the Tata Capital Moneyfy app to regularly monitor and manage your mutual funds online. The Moneyfy app allows you to view all your mutual fund investments from one place, supporting prompt decision making and reducing risk.