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In today’s busy times, account statements are an essential benefit given by banks and financial institutions. With their assistance, you can effortlessly keep track of your investments and costs. For convenience, account statements are either sent to the recorded email address or can be sent through smartphone apps.
It is of utmost importance for you to know how your mutual funds are performing. Hence, as per the amendment issued by Securities & Exchange Board of India (SEBI), you will be issued a Consolidated Account Statement (CAS). A CAS is a single account statement that will contain details relating to all your financial dealings across all your portfolios and all mutual funds you have invested in. If you have made portfolio transactions, you will receive the CAS on or before the 10th day of the following month.
There are some factors on the basis of which CAS portfolios are prepared. The factors which will be assessed are as follows:
If you want to download your account statements from Asset Management Companies (AMCs) for your mutual fund investments, you can do so by logging into CAMSonline. CAMS stands for Computer Age Management Services, a SEBI-registered Registrar & Transfer (R & R&T) Agency.