What is Consolidated Mutual Fund Statement: Everything You Need to Know

With the growth in mutual fund investment in India, having a consolidated view of all your mutual fund investments in one place has become essential. This is where the Consolidated Account Statement (CAS) comes into the picture. The CAS provides a consolidated view of all your mutual fund investments, simplifying tracking and monitoring.

This article will explore a consolidated mutual fund statement, its benefits, the details it contains, and why it is vital for mutual fund investors in India.

Consolidated Account Statement: Meaning

A Consolidated Account Statement , or CAS, is a consolidated account statement of mutual fund investments across Asset Management Companies (AMCs). So, suppose you have invested in multiple mutual fund schemes from different AMCs. In that case, the CAS will combine holdings and transaction details from all these mutual funds into one statement.

The CAS provides a holistic view of your mutual fund portfolio status in one place. It covers existing fund holdings and transaction summaries from the preceding month—all mutual fund purchases, redemptions, switches, dividend payouts, and more. Leading registrars and transfer agents (RTAs) generate the monthly online Consolidated MF statement and email it directly to an investor’s registered email ID.

Key Components of Consolidated Account Statement of Mutual Fund

Consolidated Account Statements pack in various essential details:

• Investor Information: Includes investor name, postal address, contact numbers and email ID.
• Investment Summary: This summary encapsulates the scheme name, number of units held, latest NAV, and current market value across all schemes with an investment date.
• Transaction History: This captures month-wise details of all purchases, redemptions, switches, SIP debits, and related NAVs across all AMC scheme transactions.
• Account Statement Overview: Displays CAS statement period, opening balance, closing balance, total purchase value, total redemption value and consolidated capital gains.
• Bank Details: Shows registered bank account numbers and branch names linked to mutual fund investments.
• Tax Information: Covers Permanent Account Number (PAN) and Tax Deducted at Source (TDS) on redemptions and dividends by different AMCs.

Benefits of a Consolidated Mutual Fund Statement of Mutual Fund

A Consolidated account statement mutual fund offers the following valuable advantages:

• Convenience: No need to check individual account statements from multiple AMCs each month. The single consolidated account statement of mutual fund contains complete portfolio information.
• Better Tracking: Enables easy tracking of your mutual fund investments‘ overall value and performance.
• Simpler Monitoring: This allows better monitoring of transactions spanning all mutual fund schemes from different AMCs through one statement.
• Greater Control: Provides a comprehensive view for making better data-driven investment decisions and enhancing portfolio controls.
• Lesser Errors: Lowers the probability of errors occurring when manually reviewing multiple different account statements.
• Secure Access: CAS can be securely accessed online or on mobile apps, protecting sensitive investment data.

How to Download a Consolidated Mutual Fund Statement?

Downloading your monthly consolidated account statement of mutual fundt is quick through the following online process:

• Go to RTA/AMC Website: Visit the registrar & transfer agent or AMC website
• Click on CAS: Go to the Consolidated Account Statement section and select the option to generate CAS
• Enter Credentials: Provide PAN card number and registered email ID
• Select Period: Choose the desired statement month and year
• Enter Captcha: Type in the captcha/security code shown
• Generate CAS: Click on “Generate Statement” to trigger online CAS creation
• Access CAS: Received CAS monthly statement in email registered within 24 hours

What Details Does CAS Show?

The Consolidated MF statement provides:

• Personal Information: Name, email ID, date of birth, mobile number and bank account details
• Holdings Data: Number of units held and their valuation across all schemes
• Unique Codes: Scheme-wise folio numbers and International Securities Identification Number
• Transaction Summary: Fund switches, mergers, dividends, bonuses, reinvestments etc.
• Investment Mode: Lump sum purchase or Systematic Investment Plan (SIP)
• Statement Period: Highlights opening and closing balances of unit portfolio

Why is CAS Important for Mutual Fund Investors?

Here are some key reasons why Consolidated Account Statements are invaluable for mutual fund investors:

• Saves Time: Eliminates the need to compile data from individual AMC account statements manually.
• Enables Tracking: Allows easy tracking of overall investment value and returns across AMC schemes.
• Aids Monitoring: Better monitors inflows, outflows, dividends, capital gains, etc., in one place over time.
• Assists Planning: Provides holistic picture essential for making future investment decisions.
• Reduces Errors: Lowers mistakes in tracking investments manually using individual account statements.
• Improves Control: Enhances portfolio visibility, enabling better analysis and control.

The CAS helps investors conveniently track, monitor and make better data-driven mutual fund investment decisions.

How do AMCs Compute Consolidated Mutual Fund Statements?

The compilation process of the Consolidated Account Statement (CAS) involves key entities like Asset Management Companies (AMCs) and Registrars and Transfer Agents (RTAs).

Every month, AMCs aggregate and furnish detailed investor information and transaction data from their schemes to the RTA. This bulk data transfer contains month-wise holding and transaction-level specifics across an investor’s mutual fund folios.

The RTA then assimilates CAS-ready data from different AMCs into a standardised format. Advanced computing systems process this collated data to generate a consolidated statement showing a combined snapshot of investor holdings and transactions spanning various AMCs.

The integrated CAS statement is then delivered to investors’ registered email IDs for easy access. The RTA is responsible for ensuring the accuracy and consistency of the furnished AMC data. AMCs’ timely sharing of investor details and transaction data ensures investors receive up-to-date CAS statements every month without delays.

Conclusion

The Consolidated MF Statement has simplified managing mutual fund investments by providing a single window view of holdings and transactions spanning multiple AMCs. Summarising folio numbers, holding values, transaction summaries, capital gains, dividends, and taxes deducted monthly into one CAS statement enables easy tracking, monitoring and informed decision-making.

Investors should ensure they have registered their email ID and mobile number correctly with the RTA to receive timely CAS statements conveniently. As investing in different mutual fund schemes from diverse AMCs becomes more common for portfolio diversification, the consolidated statement allows you to effortlessly remain on top of your investments.

Frequently Asked Questions – FAQs

1. What is a consolidated mutual fund statement?

A consolidated mutual fund statement combines details of all your mutual fund investments across multiple AMCs into one statement. It provides a consolidated view of your MF portfolio.

2. Who issues the consolidated mutual fund statement?

Registrars and transfer agents (RTAs) are responsible for generating and emailing consolidated mutual fund statements to investors monthly.

3. What details does a consolidated MF statement contain?

It contains personal investor information, folio numbers, scheme details, holding values, transactions like purchases, redemptions, switches, dividends, capital gains details and taxes deducted for the statement period.

4. Is there any charge for receiving a consolidated MF statement?

No, consolidated mutual fund statements are provided free of cost and directly emailed to investors by the RTA monthly.

5. How do I register to receive a consolidated mutual fund statement?

You need to ensure your email ID and mobile number are updated in your mutual fund folios with the RTA by contacting your AMC or visiting the RTA website.

Author: All Content is verified by SMC Global Securities.