You must have come across this article, looking for the guide to download consolidated mutual fund account statement online. Fortunately, you are in the right place. CAS (Consolidated Account Statement) is a document that contains all the information regarding mutual funds holding across different fund houses of an investor. It has all the information regarding the transactions made by an investor during a period along with NAV (Net Asset Value).
You can get this statement on the registered email id by providing the PAN (Permanent Account Number) to the mutual funds holding websites. However, the email id must be registered with any mutual fund scheme to avail of this service.
Let’s have a look at the generating process.
How to Download Consolidated Mutual Fund Account Statement Online?
You can easily download the CAS (Consolidated Account Statement) online by providing some usual information. Furthermore, you can follow the steps we have added below.
- First, you will have to visit the CAMS website. You can visit by clicking here.
- From the homepage, click on the “Investor Services” option.
- You now have to click on CAS – CAMS, Karvy, FT. (Request a consolidated account statement across three RTAs via email without providing T-PIN.)
- You now have to select the statement type and fill in the required information on the screen. (PAN number is optional, though)
- Last, enter the password along with the verification code.
- Click on the submit button.
- Within a few minutes, you will get an email containing the PDF file for your CMFAS (Consolidated Mutual Fund Account Statement).
- That’s it.
What are the benefits of CAS (Consolidated Account Statement)?
- Tax Liability: CAS gives a piece of complete information to the investors and the record of all the transactions made during a period. This can be used to calculate tax liability. Furthermore, one can submit the consolidated account statement along with a tax-saving investment proof to adequate tax liability.
- Checking Details: CAS (Consolidated account statement) lets you check all the details such as name, pan card, bank accounts mapped to the mutual fund’s investments. You can check whether all the details are mentioned correctly or require a change.
- Performance Evaluation: You can use this statement to evaluate your fund’s investment to check when your holdings are ready for long term investments. However, the equity funds become long-term after the one-year holding period whereas, debt funds took around three years to become long-term.
- Redemptions and Dividends: You can use this statement to track all the redemptions and dividends you have made during a period.
You may also like to read, SBI MF Login: How to Switch Funds online in SBI Mutual Funds?
Does CAS include Mutual Funds Charges?
As the name, Consolidated Account Statement itself suggests that it keeps all the information regarding the transactions, holdings of an investor made during a period. Therefore, Yes. It does include the mutual fund’s charges in it.
Conclusion
CAS (Consolidated Account Statement) is a document that contains all the information regarding mutual funds holding across different fund houses of an investor. It is an essential document for an investor to know all the information about their holdings and the transactions.
However, we have added a complete process in this article to download the consolidated mutual fund account statement online. You can always reach us from the comments section in case of any queries.
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