Consolidated Account Statement

What is Consolidated Account Statement (CAS)?

A Consolidated Account Statement (CAS) is a report that consolidates all the investments an individual has made in mutual funds and other securities with various AMCs into a single statement. It is a single document that provides comprehensive information on an individual's investments in all schemes across all AMCs. A CAS statement helps investors to keep track of their investments and their performance without having to look at individual account statements of each investment.

A Consolidated Account Statement meaning includes all transactions that have taken place in the accounts for the specified period. The transactions include new purchases, redemptions, switches, dividends, bonus units, and any other activity that affects the value of the investments. The CAS statement meaning provides a holistic view of the investor's investments, including the value of the investment, the NAV (Net Asset Value), and the units held.

Before the introduction of CAS, investors had to go through multiple account statements from different AMCs to keep track of their investments. However, with the introduction of CAS, investors can now view all their investments in a single statement, making the process simpler and hassle-free.

Investors can view the CAS statement for various periods such as monthly, quarterly, or annually, depending on the requirement. Additionally, investors can download the statement from the registrar and transfer agent's (RTA) website or the AMC's website.
 

Why is CAS Important for Mutual Fund Investors?

CAS is important for mutual fund investors because:

1. Consolidated Account Statement (CAS) is an important document for mutual fund investors as it helps to consolidate and keep track of all the investments made under one portfolio.

2. CAS helps monitor all investments through a single platform by providing detailed information such as NAV, purchase details, redemption details, etc.

3. It keeps the investor informed about all their transactions across different schemes and, at the same time, also gives them an insight into the overall performance of their investments over a given period.

4. Investors can avail tax benefits on long-term capital gains with the help of CAS, making it even more beneficial for them when investing in mutual funds over a longer duration.

5. CAS also facilitates fund transfers between different schemes within a single portfolio, and this helps investors to rebalance their investments without any hassles.

6. CAS also helps investors to get easy access to important documents such as transaction statements, redemption slips, account statements, etc., thus making it easier for investors to stay updated with their mutual fund investments.

Overall, Consolidated Account Statement (CAS) provides an effective way of keeping track of one's mutual fund investments and is an essential document for any investor wishing to make smart decisions while investing in mutual funds.
 

How To Generate Consolidated Account Statement (CAS) Online?

To generate a Consolidated Account Statement (CAS) online, follow the steps below:

1.    Visit the website of the registrar and transfer agent (RTA) or the AMC's
2.    Click on the 'CAS' option.
3.    Enter the PAN (Permanent Account Number) and the registered email address.
4.    Select the desired period for which the statement needs to be generated.
5.    Enter the captcha code and click on the 'Generate' button.
6.    The CAS statement will be sent to the registered email address.

Note: It is important to know that the CAS statement can be generated for a maximum period of six months. If an investor requires statements for a longer duration, they need to generate multiple statements for different periods.
 

What are the Benefits of Consolidated Account Statement (CAS)?

The Consolidated Account Statement (CAS) provides several benefits to investors, some of which are:

1.    Easy tracking of investments: Investors can track all their investments across different schemes and AMCs through a single statement, making the process simpler and hassle-free.
2.    Saves time and effort: Before the introduction of CAS, investors had to go through multiple account statements from different AMCs to keep track of their investments. However, with the introduction of CAS, investors can now view all their investments in a single statement, saving time and effort.
3.    Helps in tax planning: A CAS statement provides a comprehensive view of all the investments made by an investor. This helps investors plan their taxes better and helps them make informed investment decisions.
4.    Provides transparency: A CAS statement provides complete transparency in the investment process. Investors can easily view all the transactions made, including new purchases, redemptions, and switches, among others. This helps investors ensure that all the transactions are in compliance with the rules and regulations set by SEBI.
5.    Accuracy: By crafting CAS statements, the registrar and transfer agent (RTA) guarantee investors that their data is precise and up-to-date. Rest easy knowing that this information can be trusted when making investment choices with confidence.
 

Disadvantages of a Consolidated Account Statement

While the Consolidated Account Statement (CAS) has several benefits, there are also some disadvantages. Some of the disadvantages are:

1.    Limited period: CAS statements can be generated for a maximum period of six months. If an investor requires statements for a longer duration, they need to generate multiple statements for different periods.
2.    Complexity: For investors with a large number of investments, the CAS statement can be quite complex and difficult to read.
3.    Security concerns: CAS statements contain sensitive information such as PAN, investment details, and contact information. Investors need to ensure that they keep the statement secure to prevent any unauthorized access.
4.    Dependency on the registrar and transfer agent (RTA): CAS statements are generated by the RTA, and investors are dependent on them for the accuracy and timely generation of the statement.
 

How do AMCs Compute Consolidated Account Statement?

The Consolidated Account Statement (CAS) is generated by the registrar and transfer agent (RTA) based on the data provided by the Asset Management Companies (AMCs). The AMCs provide the RTA with the investor's details and investment transactions made in the respective AMC.

The RTA consolidates the data from various AMCs and generates the CAS statement, which is sent to the investor's registered email address. The RTA is responsible for ensuring that the information provided is accurate and up-to-date.
 

Examples of Consolidated Accounts

Ramesh Sharma, a 38-year-old IT professional from Pune, actively invests in the Indian stock market to build wealth for his daughter’s education and his retirement. Over the years, he opened accounts with Broker 1, Broker 2, and Broker 3, using each for different purposes. He used Broker 1 for long-term investments, Broker 2 for IPOs and mutual funds, and Broker 3 for quick trades and ETFs.

By FY 2023–24, Ramesh’s portfolio included over 25 stocks across various sectors like banking, IT, energy, auto, and pharma. However, tracking profits, dividends, and reinvestments across these brokers became a challenge.

To simplify things, Ramesh began using portfolio management apps that automatically synced all his accounts using CAS (Consolidated Account Statement) data from NSDL/CDSL. These apps helped Ramesh generate a consolidated cash flow statement.

Here’s what it showed for FY24:

Total cash inflows: ₹1.8 lakh from dividends, ₹3.2 lakh from the sale of stocks during a rally.

Outflows: ₹4 lakh in fresh investments (including mutual funds and REITs), ₹80,000 in taxes, STT, and brokerage charges.

Net cash movement: Positive ₹1 lakh, which he parked in liquid mutual funds.

Thanks to consolidated tracking, Ramesh could see exactly where his money was going, track tax liabilities, and better plan future investments, just like how a company uses a cash flow statement to make informed business decisions.

What are the Contents of a Consolidated Account Statement?

A Consolidated Account Statement (CAS) includes the following information:

1.    Investor details: This includes the name, address, and contact information of the investor.
2.    Investment details: This includes the name of the scheme, the number of units held, the NAV, the current value of the investment, and the date of investment.
3.    Transaction details: This includes all transactions made in the account, such as new purchases, redemptions, switches, and SIP transactions, among others.
4.    Account statement details: This includes the period for which the statement has been generated, the opening and closing balance, and the total investment value.
5.    Bank details: This includes the bank account number and the bank name.
6.    Tax details: This includes information related to taxes, such as the PAN number and the TDS (Tax Deducted at Source) details.
 

How to Download Consolidated Account Statement (CAS)?

Investors can download the Consolidated Account Statement (CAS) from the website of the registrar and transfer agent (RTA). The process for downloading the statement is as follows:

1.    Visit the website of the RTA, such as CAMS or Karvy.
2.    Click on the 'CAS' option.
3.    Enter the PAN (Permanent Account Number) and the registered email address.
4.    Select the desired period for which the statement needs to be generated.
5.    Enter the captcha code and click on the 'Download' button.
6.    The CAS statement will be downloaded in PDF format.

It is important to note that the CAS statement can be generated and downloaded only for a maximum period of six months. If an investor requires statements for a longer duration, they need to download multiple statements for different periods.
 

Conclusion

The Consolidated Account Statement (CAS) is great for managing multiple accounts and tracking financial activity in one place. It makes understanding finances easier by consolidating the data into a single statement, allowing users to easily review the status of all their accounts in one location. 

The CAS also provides valuable insights into spending habits, allowing users to make better-informed decisions regarding their financial future. With its comprehensive coverage, flexible reporting options, and intuitive design, the CAS is an invaluable asset for anyone looking to stay on top of their finances.

CAS thus offers a neat, organized way to track financial accounts and review all spending activity in one place. It can be used for budgeting, forecasting, or just keeping an eye on expenses. With its user-friendly interface and comprehensive coverage, the CAS provides an invaluable tool for anyone looking to stay on top of their finances.