Consolidated Mutual Fund Statement: What Does It Contain?

Consolidated Mutual Fund Statement

If you are an investor in a mutual fund, then you are probably aware of how to check everything. For beginners, it might be a big question. But no worries, there is a simple solution for checking the statement, and it comes in the form of a Consolidated Mutual Funds Statement. There is a prior process to follow to check this statement. Now you might be thinking why you need it, and what exactly the statement says, well, you are at the correct place! So, without creating more suspense, let’s get into it and make your investment journey a little easier. 

What Is a Consolidated Mutual Fund Statement

Before knowing everything about the statement, you first need to clear the concept of a consolidated mutual fund statement. In simple words, just consider it as your report card for a mutual fund portfolio. But unlike any particular subject, it will cover everything, right from your holdings in different asset management companies, to your redemption, dividends, present transactions, and more. CAS is sent monthly only if there’s any transaction in any folio during the month, and in case no transactions occur, a CAS is sent quarterly.

If you have multiple mutual funds that are spread across different platforms like third-party apps, through advisors, and direct investment, then you will be able to pull it all together in one place.

Who Sent This CAS & How You Can Get It? 

There are two depositories called CDSL (Central Depository Service Limited) and NSDL (National Securities Depository Limited). CAS is usually sent by both the depositories, as they track all your investments. CAS is sent by either NSDL or CDSL, depending on where most of your holdings are recorded, not both at once.

Nowadays, people generally get it directly in their registered email ID, but if you want to get it manually, then you can request it through the official website of NSDL and CDSL, or you can register in CAMS & KFintech. 

Which Information Will You Get Inside A Consolidated Mutual Fund Statement? 

Here we will be breaking it down step by step of Consolidated Mutual Fund Statement. 

The Basic Information 

At first, you will see the details of your name, address, PAN, and email ID. Generally, it is on the top right. This information would help you to verify that the statement is truly yours. Now you will see the mentioned period. It tells you which date your report is covering. Generally, it is the previous or quarter month. 

The Summary

At this point, you will see different AMCs (Asset Management Companies) in one table. It will be a summary of all your mutual fund holdings. This summary typically has a few things, 

1. Fund name: the name of the mutual fund scheme.
2. A Folio number is an investment with a specific AMC that comes with a unique number. 
3. Fund type, whether it’s an equity fund, a hybrid fund, or a debt fund. 
4. NAV (Net Asset Value) is the price per unit of the fund. 
5. Units held refers to the number of units you are currently holding. 
6. Fund house name means the name of the AMC managing the fund. 
7. Current value refers to the total value of your holdings, depending on the latest NAV. 

Details For Transaction

If you are an active investor and regularly invest in switching funds and redeeming, then you must know the details first. 

1. There will be a transaction date. 
2. Then the transaction type, for example, dividend, redemption, purchase, SIP, etc. 
3. Units transacted. 
4. Transaction amount. 
5. NAV on a date. 
6. Balance units after the transaction. 

When you are doing SIP tracking, it becomes easier. 

SIP & STP Details 

If you are doing SIP or STP, then your CAS will look something like this, 

1. Your next STP or SIP date.
2. The frequency, like, what is yearly or monthly? 
3. The amount. 
4. The end date. 

Dividend Payouts 

If you are a mutual fund that provides dividends, then your CAS will look like this, 

1. Dividend amount.
2. Date of dividend.  
3. NAV of dividend. 
4. Payout or reinvestment details. 

Holding For Demat

If the mutual fund you are holding is held in a demat account, then it will also appear in the CAS. Therefore, the statement not only includes the details of your mutual fund but also stocks, bonds, ETFs, and others. It turns your CAS into a complete investment statement.

Valuation Details

This party will see three things: one is the investment cost, the second is the current market value, and the third is the unrealised loss or gain. 

Capital Gain Report

CAS may not include capital gains reports by default. You can request a tax-specific CAS from CAMS or KFintech, which includes purchase/sale dates, cost of acquisition, and short-term/long-term capital gains. Indexation, if applicable, is only for certain asset classes like real estate or old debt funds.

Confidentiality & Security

A statement contains a lot of sensitive financial data, which is why it should be completely protected with a password. That password generally combines Pan in uppercase and the date of birth. In some cases email email-specific instructions will also be provided. 

Why Should You Care For CAS? 

No matter whether you are investing in a mutual fund for a long time or not, knowing more about CAS is always beneficial. Here are the reasons why you should care for it, 

1. If you are looking forward to balancing your investment, then CAS will help you. 
2. It helps you to be organised because when you open the CAS, it will include all details about each mutual fund in one file. 
3. It will help you to detect any unexpected transaction; therefore, you can identify errors and fraud easily. 
4. It saves time compared to maintaining an Excel sheet every month. 
5. For tax filing, this statement helps a lot, especially when you report capital gain or dividend income. 

Also, Check – Can A Minor Invest In A Mutual Fund

Wrapping Up

Consolidated mutual fund statements physically work like a financial mirror, because they show reality. It explains your position, what you have done, and what you can do in the future. So, no matter if you are an experienced investor or a beginner, understanding this document will help you resolve many of your confusions and make smart decisions. 

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Disclaimer – This article is for educational purposes only and does not intend to substitute expert guidance. Mutual fund investments are subject to market risks. Please read the scheme-related document carefully before investing.