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.
1. Consolidated Account Statement
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.
2.Factors deciding CAS portfolio
There are some factors on the basis of which CAS portfolios are prepared. The factors which will be assessed are as follows:
- Financial transactions taken place during a month.
- Identical holder.
- KYC compliant unitholders.
3.How to Get a Mutual Fund Account Statement Online?
If you want to download your account statements from Asset Management Companies (AMCs) for your mutual funds investment, you can do so by logging into CAMSonline. CAMS stands for Computer Age Management Services, which is a SEBI-registered Registrar & Transfer (R&T) Agency.
Visit the CAMSonline portal and click on ‘Investor Services’ on the top menu. Then, click on the ‘Mailback Services’ tab on the left side of the menu. Next, select ‘Consolidated Account Statement – CAMS+Karvy+FTAMIL+SBFS’.
Once this is done, you need to provide a valid email address and choose a password. The password need not be your email address password as CAMS will use it to encrypt the file sent to you. After this, you will receive the account statements to your registered email address in an hour.
To open and view the file, you need to provide the password which you had previously created. Moreover, you can also ask for a single folio statement instead of a CAS. You can do so by selecting the ‘Single Folio Account Statement’ from the available list.