Five smart things to know about CAS for mutual fund investments

Here is a look at five things you should know about CAS for mutual fund investments:

1) A consolidated account statement (CAS) is a single statement that lists the transactions and holdings of the investor across mutual fund schemes of all fund houses under different folios, for a calendar month.

2) It is sent to the investor by the 10th of each month and includes information on the transactions carried out in the folios during the previous month as well as the account balances.

3) The purchase, redemptions, transactions, dividend payout and reinvestment, and switch transactions are included in the CAS. Non-financial transactions like a change in bank details, contact details, and nomination are not considered for inclusion in the CAS.

4) The PAN is used to identify investors for the purpose of consolidating transactions under CAS. The folios with the same holding pattern will be included in a consolidated statement.

5) The CAS is sent free of cost to investors, who must ensure that all the mutual fund folios are compliant and updated with PAN and KYC requirements. This will enable them to receive a consolidated statement giving details of all their transactions.

The content on this page is courtesy Centre for Investment Education and Learning (CIEL).