Diversification can help you reach your various financial goals on time. However, as you diversify investments across mutual funds, keeping track of all your investments across mutual fund schemes may be daunting.
Fortunately, there is a tool called the Consolidated Account Statement or CAS that comes to your rescue. CAS provides you with a snapshot of your holdings across investments. It can also be a beneficial tool for analysing the performance of mutual funds you have invested in.
It is like your asset performance report card, helping you learn how your investments have grown over the years.
What is a Consolidated Account Statement or CAS?
Your CAS is linked to your PAN (Permanent Account Number). Now, consider you have invested in mutual funds.
Your CAS would contain all the details of your investments across mutual funds. These details include the date of investment, NAV at the time of investment, current NAV, the value of funds invested, current value of holdings and returns.
Who maintains CAS?
CAS is maintained by a number of market intermediaries.
Depositories such as
- The National Securities Depository Limited or NSDL
- The Central Depository Services Limited or CDSL
Mutual fund transfer agencies like
- Computer Age Management Services or CAMS
- KFintech (formerly known as Karvy)
How to access CAS?
The process of accessing your CAS from all these agencies is similar.
Here are the broad steps:
- Register on their online portal by stating your PAN and email address
- Create a username and a password for yourself on their portal
- Login to the portal to access your CAS
Can I get my CAS periodically?
You will receive your CAS by email every month if you have transacted in a mutual fund scheme that month. These transactions include buying, transfer or redeeming a mutual fund scheme in that month. If there is an absence of a monthly transaction, you will get your CAS by email every six months.
Can I get my CAS by post?
Yes, you can if you opt for a physical CAS to be posted to your address.
To conclude
Tracking your investments can be a crucial factor while investing in mutual funds. It can help you understand if your investments are on the right track.
Your CAS contains details of all your investments across asset classes. It can be a suitable tool to track all your mutual fund transactions like buy, transfer, dividend and redemption, all in one place. In other words, it also acts as your investment passbook.
The top quick methods to obtain your CAS are from the following online portals:
- The National Securities Depository Limited or NSDL
- The Central Depository Services Limited or CDSL
- Computer Age Management Services or CAMS
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
