Everything you need to know about consolidated mutual fund statement

If you are thinking of investing in mutual funds, and researching about potential avenues, you would have come across the term consolidated mutual fund statement. Whether you invest in index funds, equity funds, debt funds, passive debt funds or passive equity funds, the mutual fund consolidated account statement is a document you must peruse carefully to understand the performance of your schemes. As an all mutual fund consolidated account statement, this document will help you evaluate the details of all your mutual fund schemes, thereby making your investment journey more optimised. Here is everything you need to know about a consolidated mutual fund statement.

What is Consolidated Account Statement (CAS)?

To facilitate swift access to mutual fund information, the Securities & Exchange Board of India (SEBI) has introduced a requirement for all mutual fund investors to acquire a Consolidated Account Statement (CAS). The CAS, as the name implies, compiles a comprehensive record of an individual's mutual fund holdings over a specified timeframe. This document furnishes details on all mutual fund investments, encompassing their Net Asset Values (NAVs), market values, and returns. The primary objective of the consolidated account statement in mutual funds is to keep investors well-informed about the performance of their invested funds. Whether you invest via SIP (systematic investment plan) or lumpsum routes, a consolidated mutual fund statement is your best friend in the investing game.

How to generate CAS online?

Generating your CAs online is a simple and easy process, which can be undertaken in the following manner. Firstly, choose which platform you wish to generate your CAS from – options include CDSL, NSDL, AMFI, and CAMS. Considering the CAMS platform as an example, you can begin the process by visiting the CAMS website at www.camsonline.com. Following this, you should click on the Investor Services tab in the website menu, which will take you to the option of Mailback Services. Here, you will be required to click on the CAS tab, which will enlist the various mutual fund houses you have invested through. After clicking on this tab, the site will ask you to share details such as the registered email and password, while also asking you to specify the time period for your statement. Once you furnish these details, you can click submit and wait for your CAS, which will be delivered to your registered email id. Simply use the provided password to open and view this file. Alternatively, you can also access your free CAS copy from third-party mutual fund investment platforms and websites of the asset management companies you invest through.

What are the benefits Of CAS?

The consolidated mutual fund statement serves multiple purposes that contribute to an efficient management of mutual fund investments. Firstly, it aids in the review of a fund's performance, allowing investors to assess the profitability of their mutual fund portfolio and make informed decisions about whether to retain or divest from a particular fund. Secondly, the statement acts as a centralised repository for all financial investment data, significantly reducing paperwork and streamlining the monitoring of one's portfolio through a single comprehensive report. Lastly, CAS plays a crucial role in helping investors understand their tax liability by providing detailed transaction information. This not only aids in identifying tax obligations but also serves as valuable proof for tax-saving investments and deductions. Accordingly, CAS simplifies the process of managing mutual fund investments by offering a consolidated and insightful overview of performance, minimising paperwork, and aiding in tax planning.

Disadvantages of a CAS

Now that you know the varied benefits of a CAS, are there some disadvantages you must consider? Firstly, the CAS may be a time-consuming product, when compared with individual company reports which share the details of a single investment. Further, since the CAS collates your investment details across AMCs, this single report may have less information that separate individual reports, making it less impactful when you are looking for deeper insights. They are also not very useful for comparing the performance of mutual funds or analysing sectoral trends. Finally, despite enabling you to check your entire portfolio at a glance, the CAS does not furnish details on the separate fund houses or their individual performances.

What details does CAS show?

The CAS encompasses essential personal details, comprising name, email, date of birth, contact number, and bank account information. In addition to these basic particulars, the CAS provides comprehensive insights into one's investment portfolio, including holding units, unique client codes, and the International Securities Identification Number associated with all securities. Further, it serves as a comprehensive record, encapsulating information about the switching or merging of funds through financial transactions. Dividend and bonus payments, along with specifics about reinvestment or a New Fund Offer, are also detailed in the CAS. Moreover, the statement includes information about the investment mode, whether lump sum or SIP, and presents the closing and opening share unit portfolio balances.

So, as you have seen, the CAS has a wide variety of benefits, along with some disadvantages, when it comes to collating your investment report. In this scenario, it depends on you, the investor, to decide whether to peruse a CAS or to opt for individual statements from your various mutual funds.

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