What is Consolidated Mutual Fund Statement?

Consolidated account statement of mutual fund provide investors with all their mutual fund transactions in one place. If investors want a hard copy or soft copy of the consolidated account statement of mutual fund, they can request it once a month for free. The document contains all the information investors need about sales, purchases, and other transactions in a mutual fund. Investors can use this information to track the performance of mutual funds. In this article, you can understand the consolidated mutual fund statement in detail.

How to get a Consolidated Mutual Fund Statement?
The Central Depository Service Ltd has provided investors with access to consolidated mutual fund statements directly through the depository's website:
1. Visit the CDSL website at www.cdslindia.com to download.
2. On the home page, click 'login to CAS (Consolidated Account Statement)'.
3. You will need your PAN, Demat account number, and date of birth to log in.
4. You will receive an OTP on the registered mobile number after submitting the request.
5. It is possible for investors to choose the month and year of the CAS that they would like to view.

Benefits of Consolidated Mutual Fund Statement
This statement has many advantages, including:

1. Reduces Paperwork
By combining the details of various investments into one statement, the CAS reduces paperwork. Reducing paperwork eliminates the worry over the safety of various investment details.

2. Increases Safety
With the advent of online trading and digital payment methods, investing has become simpler than ever before. However, technology-based services have also created frauds and forgeries. Nevertheless, by updating investors monthly, the CAS helps investors stay informed. You can inform the regulator as soon as possible if you discover any unauthorised transactions.

3. Keeps Investors Informed
The CAS not only helps to prevent fraud but also provides investors with information. The monthly update makes it easy for investors to keep track of their investments and make changes as needed.

4. Helps to Understand the ‘Health’ of the Company
The consolidated account statement provides investors with an overview of the company's financial situation. Based on the information on CAS, you can choose a fund house or company. Investors and vendors can learn a lot about the company's ethics and standing through this report.

How do AMCs Compute Consolidated Account Statements?
CAS calculates a statement of a customer's Demat account transactions and holdings with NSDL and CDSL. An NSDL CAS provides information on transactions and holdings across various Demat accounts and mutual funds. Additionally, it includes shares, warrants, preference shares, and mutual fund units held in a dematerialized form.

What are the Contents of a Consolidated Account Statement?

1. Details about AMC and Mutual Fund
A CAS includes all purchases and transactions related to finances, including switching or merging funds, dividends, bonus payments, and redemptions before and after maturity. In addition, they contain information about reinvestment or new fund offers (NFOs).

It specifies whether the investment is a lump sum or a SIP (Systematic Investment Plan), along with the closing and opening portfolio balances. Investors may opt for Systematic Withdrawal Plans or Systematic Transfer Plans, which are mentioned in a statement by the AMC.

2. Investor details
CAS includes your name, contact information, nominee registration, and your bank's contact information. Other information includes the mode of holding units, ISIN, and UCC for each portfolio and plan. By using CAS, you can check KYC status and nominee registration status more easily. However, it will not contain confidential information such as PAN numbers or bank details.

Conclusion
With the consolidated mutual fund statement, investors can monitor their investments easily and simply. As an investor, you should know your financial standing, your risk appetite, your short- and long-term strategies, and your portfolio diversification. By using the CAS, you can keep track of all these factors, gain insights into your investments, and become a more informed and alert investor.

FAQs on Consolidated Account Statement of Mutual Fund

What is not eligible for CAS for the selected period?
For the selected period, investments and assets not registered with the same PAN or under CDSL/NSDL's control may not appear in the CAS.

Are all my portfolios included in a single CAS?
Yes, if they're registered under the same PAN, it will include all your financial portfolios across multiple AMC's and depositories.

How do I get CAS for mutual funds?
Whether you wish to request the account statement from an individual AMC or depositories like CDSL or NSDL, you can access their online portals or contact their customer service options.

Note: Views and opinions contained herein are for information purposes only and should not be construed as investment advice/ recommendation to any party or solicitation to buy, sale or hold any security or to adopt any investment strategy. It does not warrant the completeness or accuracy of the information and disclaims all liabilities, losses and damages arising out of the use of this information. The recipient should exercise due caution and/ or seek professional advice before making any decision or entering into any financial obligation based on information, statement or opinion which is expressed herein.

Statutory Disclaimer: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to Rs. 1 Lakh). Trustee: Axis Mutual Fund Trustee Ltd. Investment Manager: Axis Asset Management Co. Ltd. (the AMC). Risk Factors: Axis Bank Limited is not liable or responsible for any loss or shortfall resulting from the operation of the scheme. No representation or warranty is made as to the accuracy, completeness or fairness of the information and opinions contained herein. The AMC reserves the right to make modifications and alterations to this statement as may be required from time to time.

Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.