Regular review of mutual fund investments allows one to ascertain if the investments are performing as expected. You can keep track of your investments and costs at one go. Investors who have registered their email address with mutual funds may request an electronic Consolidated Account Statement (e-CAS) of their Unit holdings across all mutual funds in their registered email address at any time. Therefore you can get your mutual funds statement online through CAMSonline. CAMS stands for Computer Age Management Services, which is a SEBI-registered Registrar & Transfer (R&T) Agency.
Further you can check the status of your mutual funds on the portal. All you need to do is update your basic information on the CAMSonline MF portal. This way you can get the statement on your email instantly.
The Consolidated Account Statement (CAS) is a single account statement. Further it consists of all the mutual fund holdings of the person which invested over multiple mutual fund houses, over a given period of time. Further the whole purpose of CAS is to keep the investor informed about the performance of the Mutual Fund in which they have invested their money.
In order to download your account statements from Asset Management Companies (AMCs) for your mutual funds investment, follow the below given steps:
Click on “Investor Services” on the home page of Camsonline website.
Consolidated Account Statement – CAMS + KFintech + FTAMIL
Now enter the Password, Verification code, and click on “Submit”.
In order to open and view the file, you need to provide the password which you had previously created.
As per SEBI guidelines, if there is any transaction in any of the demat accounts of an investor or in any of his/her mutual fund folios, then CAS will be sent to the investor in the next month in respect of transactions executed in previous month along with the holdings. Hence, if investor has done transaction(s) in every month, then he/she will get CAS every month. However, in case there is no transaction in any of the mutual funds folios and demat accounts in any month of the year, then CAS with holding details will be sent to the investor on half yearly basis.
In case investors have multiple Demat accounts across the two depositories (i.e. with NSDL and CDSL). In such case the depository having the Demat account which has been opened earlier shall be the default depository. Further that depository will consolidate details in respect of Demat accounts across depositories and MF investments and dispatch the CAS to the investor.
As per SEBI guidelines, consolidation of account statement is done on the basis of Permanent Account Number (PAN).