Consolidated Account Statements (CAS)

A Consolidated Account Statement (CAS) is a statement consisting of all your investments in mutual funds. Explore more in the article.
4 mins read
10 Apr 2024

Investing in mutual funds has become increasingly popular among individuals seeking a diversified and professionally managed investment avenue. However, managing investments across various mutual funds and asset management companies (AMCs) can be a daunting task. This is where the Consolidated Account Statement (CAS) steps in to simplify the process and offer convenience to mutual fund investors.

What is a Consolidated Account Statement (CAS)?

The Consolidated Account Statement (CAS) is a single statement that provides a consolidated view of all your mutual fund investments, regardless of the asset management companies they belong to. CAS was introduced by the Securities and Exchange Board of India (SEBI) to streamline and simplify the process of tracking your investments. It offers a comprehensive overview of your holdings and transactions, making it easier for investors to monitor their mutual fund portfolios.

Why is CAS Important for Mutual Fund Investors?

CAS is crucial for mutual fund investors for several reasons. It helps investors:

  • Simplify Portfolio Management: CAS offers a one-stop solution for tracking all your mutual fund investments. This simplifies the process of monitoring your portfolio's performance and asset allocation.
  • Detect Discrepancies: CAS allows investors to identify discrepancies in their transactions, holdings, or any fraudulent activities. This enhances transparency and security.
  • Make Informed Investment Decisions: With CAS, investors can make more informed decisions regarding their mutual fund investments. It provides a holistic view of the portfolio's performance and allocation.
  • Minimises Documentation: The consolidated account statement serves as a centralised repository for your financial investment information, significantly reducing the need for extensive paperwork while enabling comprehensive portfolio monitoring.
  • Facilitates Tax Assessment: CAS offers an intricate breakdown of your transactions, facilitating the identification of your tax obligations. This statement can be employed to claim tax deductions and as evidence of tax-saving investments.

Also read: What is mutual fund nomination

How to generate Consolidated Account Statement (CAS) online?

To generate a Consolidated Account Statement (CAS) online, please follow these steps:

  1.  Visit the website of the registrar and transfer agent (RTA) or the respective Asset Management Company (AMC).
  2. Locate and select the 'CAS' option.
  3. Provide your PAN (Permanent Account Number) and the registered email address.
  4. Choose the specific timeframe for which you wish to generate the statement.
  5. Enter the captcha code and initiate the process by selecting 'Generate.'
  6. Subsequently, the CAS statement will be dispatched to your registered email address.

What are the benefits of Consolidated Account Statement (CAS)?

The Consolidated Account Statement (CAS) offers numerous advantages to investors, including:

  1. Streamlined investment tracking: Investors can effortlessly monitor all their investments across various schemes and Asset Management Companies (AMCs) via a single statement, simplifying the process.
  2. Time and effort saving: Prior to CAS, investors had to sift through multiple account statements from different AMCs to stay updated on their investments. With CAS, they can now conveniently access all investment details in one statement, saving time and effort.
  3. Facilitates tax planning: CAS furnishes investors with a comprehensive overview of their investments, aiding in better tax planning and informed decision-making.
  4. Enhances transparency: CAS ensures complete transparency in the investment process by allowing investors to easily review all transactions, including purchases, redemptions, and switches. This fosters confidence that all transactions adhere to SEBI regulations.
  5. Ensures accuracy: Through crafting CAS statements, the registrar and transfer agent (RTA) assure investors of precise and up-to-date data. This reliability instils confidence in investors when making investment decisions.

How is Consolidated Account Statement computed?

  • The CAS is compiled by the registrar and transfer agent (RTA) using data from AMCs.
  • AMCs supply investor details and transaction data to the RTA.
  • The RTA combines data from multiple AMCs for the CAS.
  • The RTA verifies and maintains the accuracy of the provided information.

Also read: What is mutual fund advisor

What are the contents of a Consolidated Account Statement?

A Consolidated Account Statement (CAS) comprises the following particulars:

  1. Investor particulars: This encompasses the investor's name, address, and contact details.
  2. Investment specifics: This entails details about the scheme name, quantity of units held, Net Asset Value (NAV), current investment valuation, and investment date.
  3. Transaction particulars: This covers all activities conducted within the account, including new acquisitions, redemptions, transfers, and Systematic Investment Plan (SIP) transactions, among others.
  4. Statement particulars: This incorporates the statement's duration, opening and closing balances, and the total investment valuation.
  5. Banking particulars: This consists of the bank account number and bank name.
  6. Tax particulars: This comprises tax-related information such as the Permanent Account Number (PAN) and Tax Deducted at Source (TDS) details.

How to download Consolidated Account Statement (CAS) online?

  1. Go to the website of the RTA, like CAMS or Karvy.
  2. Locate and select the 'CAS' option.
  3. Provide your PAN (Permanent Account Number) and registered email address.
  4. Choose the specific duration for the statement.
  5. Enter the captcha code and hit the 'Download' button.
  6. The CAS statement will be saved as a PDF file for your use.

Consolidated Account Statement - Disadvantages

While the Consolidated Account Statement (CAS) offers various advantages, it also presents some drawbacks. These disadvantages include:

  1. Limited duration: CAS statements are restricted to a maximum period of six months. Investors seeking statements covering a longer timeframe must generate multiple statements for different periods.
  2. Complexity: For investors with numerous investments, comprehending the CAS statement can be challenging due to its complexity.
  3. Security risks: CAS statements contain sensitive information like PAN, investment particulars, and contact details. Investors must ensure the secure handling of the statement to prevent unauthorised access.
  4. Dependence on the registrar and transfer agent (RTA): The accuracy and timely generation of CAS statements rely on the performance of the RTA, leaving investors reliant on them.

Also read: What is a smart SIP

Conclusion

Consolidated Account Statements (CAS) have enables mutual fund investors manage their portfolios. These statements offer transparency, convenience, and comprehensive insights into their investments. Whether you are a seasoned investor or a beginner, CAS simplifies the process of monitoring and managing your mutual fund holdings, allowing you to make informed investment decisions with ease.

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Frequently asked questions

How do I get my CAS statement?

You can access your CAS statement electronically through the websites of NSDL or CDSL (whichever depository holds your Demat account). They offer online portals for downloading your CAS after logging in with your credentials.

Who is eligible for CAS CDSL?

Anyone with a Demat account held with CDSL, the Central Depository Services (India) Limited, is eligible to receive a CAS statement. This includes investors holding stocks, mutual funds, and other securities in their CDSL Demat account.

Is NSDL CAS free?

NSDL, the National Securities Depository Limited, typically does not charge for CAS statements accessed electronically through their website. However, physical copies requested by mail might incur a nominal fee.

Why is CAS delayed?

There can be a few reasons for a CAS delay. It could be due to processing backlogs, technical issues, or missing information in your Demat account. If you experience a significant delay, contacting your depository (NSDL or CDSL) might be necessary.

What are the documents required for CAS?

No documents are typically required to access your CAS statement electronically. You can download it directly by logging in to your Demat account on the NSDL or CDSL website.

Who issues the CAS letter?

There is no separate CAS letter. The CAS statement itself is a comprehensive document issued by your depository (NSDL or CDSL) that consolidates information about your holdings and transactions across various investment instruments.

What is CAS NSDL full form?

CAS NSDL stands for Consolidated Account Statement – National Securities Depository Limited. It refers to the combined statement provided by NSDL that summarises your Demat account holdings and transactions.

What if CAS is rejected?

If your request for a physical CAS copy by mail is rejected, it might be due to insufficient information provided or outstanding fees. Contact your depository (NSDL or CDSL) to clarify the reason and resolve any issues with your request.

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