What is Consolidated Account Statement (CAS) in Mutual Funds and How to Download It?

A Consolidated Account Statement (CAS) is a financial statement that provides information about all the investments held by an individual across mutual funds and securities. In consolidated account statements of mutual funds, multiple investment statements are consolidated into one single report. This mutual fund consolidated account statement helps investors monitor their portfolio performance and make the right financial decisions. In this blog, we’ll explore what CAS is, why it’s important, and how to download it online easily.

What is a Consolidated Account Statement (CAS) in Mutual Funds?

A consolidated account statement (CAS) of a mutual fund is a single, comprehensive report that shows all the mutual funds holdings of a person invested over a given period. The mutual fund consolidated account statement contains information about all your mutual fund’s investments, including NAV, mutual fund details, and their return. It also shows the performance of the mutual fund in which you have invested your money.

Importance of Mutual Fund Consolidated Account Statements for Investors

Mutual fund Consolidated Account Statement (CAS)  is a document that is crucial for mutual fund investors for multiple reasons: 

Portfolio Overview: It offers a view of your consolidated mutual fund statement, making it easier to track performance. 

Detects Error: CAS helps investors check if there are any discrepancies in their mutual fund transactions. This helps in identifying any errors or fraudulent activities. 

Make Informed Decisions: With the help of CAS, investors can make informed decisions for their investments. It provides an overview of your investments and allocations. 

Less Documentation: The CAS serves as a consolidated account statement of your mutual funds, which helps to reduce physical paperwork and enable better portfolio management. 

Cost & Tax Calculation: A consolidated mutual fund statement helps in calculating capital gains for tax purposes, as it includes detailed information about investment costs and the holding period. 

Transaction History:  A consolidated mutual fund statement provides a historical overview of all your mutual fund activities, ensuring you have a clear record for future reference. 

Time-Saving: CAS saves time and effort in managing your mutual fund investments by consolidating everything into a single document.  

Also Read: Things to Know About Loans Against Mutual Funds

Information Included in a Consolidated Account Statement       

Personal Information: It includes information like name, address, and PAN number. 

Folio Numbers: All folio numbers associated with your mutual fund investments across various AMCs.

Transaction Details: An overview of your mutual funds such as purchases, redemptions, dividends, and switches.

Investment Details: Name and categories of your mutual funds you have invested in. 

Unit Balances: Number of units held in each scheme at the beginning and end of the statement period. 

Net Asset Value (NAV): NAV for each mutual fund scheme on the statement date. 

Tax Information: Capital gains details for tax computation, divided into short-term and long-term gains

How to Generate Consolidated Account Statement Online?

Visit the Website: Go to the official website of the relevant financial institution or registrar that provides CAS services. 

Login: Look for the “Login” option on the homepage and click on it. 

Select CAS: Find and click on the option for downloading the Consolidated Account Statement (CAS) of your mutual fund. 

Enter Required Details: Provide the necessary information, such as your PAN number and demat account number. 

Verify Identity: Input your date of birth and complete any CAPTCHA or security verification as requested. 

OTP Verification: An OTP (Time Password) will be sent to your registered mobile number or email. 

Download CAS: Enter the OTP, and once verified, the CAS will be available for download or sent to your registered email. 

Also Read: What Is SIP Investment – Meaning and How It Works

Advantages and Disadvantages of a Consolidated Account Statement

Step-by-Step Guide to Downloading the Consolidated Account Statement Report Online

Step 1: Visit CAMS/KARVY Website: Go to the CAMS (https://www.camsonline.com) or KARVY (https://www.karvymfs.com) website. 

Step 2: Select ‘CAS’: Navigate to the “CAS” section, usually under investor services. 

Step 3: Enter PAN and Email: Input your PAN number and registered email ID. 

Step 4: OTP Verification: Complete OTP-based verification to confirm your email. 

Step 5: Download CAS: Once verification is complete, you will receive a link to download your CAS report, or it will be sent directly to your email.

Conclusion

For investors in mutual funds, a Consolidated Account Statement (CAS) is an essential tool that makes managing various investments easier. With CAS, managing your portfolio and getting ready for tax filings are made simpler by providing a single, comprehensive document that contains all of your mutual fund activities. Investors can easily stay informed about their investments by downloading it online, which is a straightforward process.