A Consolidated Account Statement (CAS) is a statement showing details regarding all the mutual fund holdings across fund houses of an investor. It lists all the mutual fund transactions made by an investor in a given period along with all the necessary details such as NAV (Net Asset Value) date, NAV value, market value, etc.
You can get this statement emailed to your inbox by providing your PAN (Permanent Account Number) to any of the mutual fund registrars – CAMS, Karvy, Franklin Templeton or Sundaram BNP Paribas Financial Services (SBFS). However, please note that your email address must be registered with your mutual fund scheme in order to avail of this service. All the funds in which your email address is registered will be included in this statement.
How to Order a CAS Online?
Benefits of CAS
- Performance Evaluation: You can use a CAS to evaluate the performance of your funds and to know when these funds become a long-term investment (for capital gains tax purposes). Equity funds become long term after a 1-year holding period and debt funds become long term after a 3 year-holding period.
- Tax Liability: CAS also gives you a record of all your transactions and hence you can use it to calculate your tax liability. You can also submit the CAS and a tax-saving investment proof to your employer to enable adequate TDS deduction.
- Checking Details: A CAS also enables you to check that your name, PAN and bank account details are correctly mapped to your mutual fund investments and know whether you have been recorded as FATCA compliant or not. FATCA compliance is a procedure required to ascertain your tax residency (Indian or NRI).
Redemptions and Dividends: You can also use the CAS to track all the redemptions you have made from mutual funds and all the dividends you have obtained from them.