Consolidated Account Statement
Consolidated Account Statement is a single account statement that consolidates financial transactions in all your portfolios, across all schemes of all mutual funds. The Consolidated Account Statement (CAS) is being issued consequent to an amendment in the SEBI Regulations. KARVY, CAMS, FTAMIL and SBFS have individually provided great convenience to investors by allowing them to see a consolidated view of their holdings within the verticals of their respective serviced Funds. Such statements are sent via Mailback, and are well established and accepted by the stakeholder community.
When does one receive the Consolidated Account Statement?
A consolidated account statement will be sent either on or before the tenth day of the succeeding month, detailing all the transactions and holdings at the end of the month, including transaction charges paid to the distributor, across all schemes of all mutual funds and to everyone whose portfolio transactions have taken place during that month. Investors can now request for a Consolidated Account Statement across his entire holdings in KARVY, CAMS, FTAMIL and SBFS serviced Mutual Funds. Since there exist other Funds that are not serviced by either KARVY or CAMS or FTAMIL or SBFS, this will not be an industry consolidation, but it will certainly be a massive step forward for investors. If you have registered an email address in your folios across Funds serviced by KARVY, CAMS, FTAMIL and SBFS, you can use this to obtain a consolidated PDF Account Statement at your registered email address.
Click here to get online Consolidated Account Statement