Decoding the mutual fund consolidated account statement

At the end of every month, investors receive a communication from the registrar of mutual funds about transactions carried out during the month and MF holdings as on the date of the statement.

All mutual fund folios that witness financial transaction(s) in a month and identical unit holders based on a valid PAN are considered and consolidated to create the CAS. The CAS gives investors a fair idea of their mutual fund holdings.

Investor details: The CAS contains the name and address of the investor. Address is the latest registered as per KYC records. Any changes to these details must be addressed to the KYC Registration Agency (KRA).

Investment record: A record of all mutual fund transactions across fund houses during the month (fresh purchase, redemption, switch, SIP/SWP/STP) are recorded in the CAS. Each fund house and scheme transaction is shown as a separate entry.

Transaction details: Each entry states the transaction details date wise with nature of transaction, applicable NAV, units transacted and amount transacted. Current balance of units in the folio is also reflected.

Holding statement: A summary of holdings is provided. This contains all holdings including the folios in which there were no transactions during the month. Cost of investments is also displayed.

Other information: The CAS gives investors an idea of the applicable loads on each scheme that the investor holds. It also states contact details of respective fund house and its RTA.

Discrepancies in CAS: If the investor realizes that some holding record is missing and is not reflected in the CAS, he must direct a request to the respective RTA or the mutual fund for inclusion in future CAS.

Points to note
Folios held in the name of minors are not considered for consolidation in the CAS.
Investors who have opted for email communication receive CAS on email ids; while others receive in hard copy.
Content courtesy: Centre for Investment Education and Learning (CIEL).
Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.