One of the key ingredients of success in the mutual fund industry is keeping track of how your fund performs. And to make this information easily accessible, the Securities & Exchange Board of India (SEBI) made an amendment for investors to obtain the consolidated account statement (CAS). Like an account statement, a consolidated mutual fund statement keeps you informed about your fund’s performance. Read further to learn how you can obtain a consolidated MF statement.

What is a consolidated account statement (CAS)?

As the name suggests, a Consolidated Account Statement (CAS) is a single financial statement that consists of all the mutual fund holdings of the investor across fund houses. This statement contains the details about your financial dealings and mutual funds across all portfolios over a period. For instance, a monthly CAS features portfolios that had financial transactions during the previous month.

A CAS gives you vital information regarding your funds like the Net Asset Value (NAV), market value and more. A mutual fund manager must send the CAS and notify the investor about their fund performance regularly.

Additional Read: Mutual Fund Fact Sheet: Key Information It Holds

Importance of consolidated mutual fund statement

A CAS simplifies the process of cutting down all subsidiaries and informs you about the company’s performance. Hence, you can understand the company’s financial condition, ethics, and standing to decide whether you want to invest in it or not. It also includes investor details, nominee registration and the contact details of the financial institution. However, it doesn’t include any sensitive information like the PAN number or bank account details.

Furthermore, since a consolidated statement consists of all the financial data in one place, it drastically reduces the paperwork you would need to manage otherwise. It can even help you calculate your tax liability as it provides you with a record of all your transactions.

In a nutshell, it is a valuable tool that keeps you informed about the companies and fund houses and keeps you in the loop with little effort.

How to get CAS online?

Now let’s find out how to generate a consolidated mutual fund statement online in a few steps.

Step 1: First off, go to www.camsonline.com and click on the ‘Internet Services’ option from the menu bar.

Step 2: Now, select ‘Mailback Services’ from the menu on the left-hand side.

Step 3: Provide details like your email address and password and specify the statement time and time period for which you require the details. Finally, click on ‘submit’.

After completing this, you will receive the statement from CAMS on your registered email address within an hour. The statement will be in the form of a password-protected PDF and will be free of cost.

Additional Read: Understanding Mutual Fund Terminologies

Wrapping up

A consolidated mutual fund statement is an excellent tool to evaluate the performance, track your redemptions and dividends on your mutual funds and more. It is a convenient way to move forward in your investment journey and fulfil your financial aspirations.

Another tool that helps you achieve this is Tata Capital’s Moneyfy app. You can explore different funds and invest in the ones that fit your risk appetite and investment goals. So, why wait? Download the Moneyfy app and let your investment journey take off!

0 CommentsClose Comments

Leave a comment