What Is a Consolidated Account Statement (CAS)?

Investing across different fund houses can leave you with several statements to check. A consolidated account statement brings eligible investment records together, making it easier to review your holdings and transactions. Its coverage depends on the issuer: a mutual fund CAS covers eligible mutual fund folios, while a depository CAS can combine these with securities held in demat accounts.

What is a consolidated account statement?

A consolidated account statement, or CAS, is a combined record of investment holdings and transactions for a specified period.

In mutual fund investing, it is also called a consolidated mutual fund statement or consolidated MF statement. You may see the terms consolidated mutual fund account statement and mutual fund consolidated account statement used for the same purpose.

A CAS issued by NSDL or CDSL can additionally include eligible securities held in demat accounts. Check the issuer, period and coverage to understand what your statement contains.

Sources: SEBI Investor, “Consolidated Account Statement”; AMFI, “Consolidated Account Statement”.

Key takeaways

• CAS brings eligible investment records together across accounts.
• Mutual fund CAS and depository CAS have different coverage.
• PAN and the holding pattern help determine which accounts are consolidated.
• CAMS, KFintech and MFCentral offer mutual fund CAS services.
• Statement formats and PDF passwords differ between providers.

How does CAS differ from an individual account statement?

Choose the statement according to the investments you want to review:

Statement of Account (SOA) form means your mutual fund units are recorded in a folio with the fund house rather than held in a demat account.

For coverage across both registrars, select the joint CAMS–KFintech CAS service rather than a statement restricted to one registrar’s serviced funds.

Sources: AMFI, “Anytime e-CAS”; CDSL, “CAS FAQ”; KFintech, “Statements and Reports”.

What information is included in a consolidated account statement?

The contents vary by provider and statement format. A mutual fund CAS generally contains:

Half-yearly mutual fund CAS also includes prescribed disclosures on distributor commission and the applicable plan’s average total expense ratio.

A depository CAS can additionally show securities such as shares, bonds and mutual fund units held in demat form.

Sources: Account Statement/Consolidated Account Statement; NSDL, “FAQs on CAS”.

How are accounts consolidated into CAS?

AMCs, mutual fund registrars and depositories compile CAS from their investment records. For depository CAS, accounts are matched using PAN. Joint holdings also depend on the first holder’s PAN and the holding pattern, so investments held solely and jointly may appear separately.

Where PANs match between mutual fund records and depository accounts, the depository issues the combined CAS. Where there is no common PAN with a depository account, the mutual fund or registrar provides the mutual fund CAS.

Consolidation brings records together; it does not merge folios or change investment ownership.

Sources: CDSL, “CAS FAQ”; AMFI, “Who issues the CAS?”

What are the advantages and disadvantages of CAS?

CAS makes investment records easier to review, but its usefulness depends on the accounts covered and the information included:

Benefits of CAS for mutual fund investors

CAS makes investment records easier to manage:

• Convenient review: Check eligible investments across fund houses in one document.
• Transaction verification: Compare purchases, SIP instalments and redemptions with your records.
• Organised records: Keep dated statements for future reviews or account queries.

Limitations of CAS

Check the statement’s scope before relying on it:

• Coverage depends on the service: A mutual fund CAS does not provide the same coverage as a depository CAS.
• Values relate to a particular date: The statement is not a live portfolio balance.
• Consolidation depends on account details: PAN, holding patterns and registered details can affect which records appear.
• CAS does not replace a capital gains report: Request the appropriate report when you need gain-and-loss information for tax purposes.

How to generate or download a consolidated account statement

You can request or download a consolidated account statement online through the following services, depending on the investments you want to review:

Request a CAMS consolidated account statement

On the CAMS website, select CAS – CAMS+KFintech. Enter the email address registered in your mutual fund folios and complete the requested details. The joint service provides a consolidated statement across the two registrars, delivered to your registered email address.

Source: AMFI, “Anytime e-CAS”, including its official CAMS service reference.

Request CAS through KFintech

On KFintech’s Consolidated Account Statement page:

1. Select Summary or Detailed.
2. Choose the current financial year, previous financial year or a specific period.
3. Select the zero-balance folio option if needed.
4. Enter your registered email address. PAN is an optional field on this request form.
5. Set and confirm a PDF password.
6. Complete the security check and submit.

The PDF is sent to your registered email address. Use the password you selected to open it.

Source: KFintech MFS Investor Portal, “Consolidated Account Statement”.

View CAS through MFCentral

Register or sign in to MFCentral and select its CAS service. Choose the available statement format and period, then follow the platform’s instructions to generate the statement.

Source: AMFI, “Anytime e-CAS”, MFCentral guidance.

Download a depository CAS

For a statement issued by CDSL, use its CAS facility. The login page requires your PAN, BO ID and date of birth. BO ID identifies your demat account. For NSDL CAS, its official guidance directs investors to the IDeAS facility to access previously issued electronic statements. Use the issuing depository’s service when requesting a duplicate.

Sources: CDSL, “CAS Login” and “CAS FAQ”; NSDL, “FAQs on CAS”.

How often is CAS issued?

For depository CAS, transactions in the relevant demat accounts or mutual fund folios trigger a monthly statement. Where there are no transactions, a holding statement is generally issued half-yearly for March-end and September-end holdings.

SEBI’s depository CAS dispatch deadlines are:

These deadlines apply to scheduled depository CAS dispatch. An on-demand statement request is a separate service.

Source: SEBI, “Revised timelines for issuance of Consolidated Account Statement (CAS) by Depositories”, circular dated February 14, 2025.

How to read your consolidated mutual fund statement

Start with the period covered, then review each folio:

1. Confirm the investment: Check the scheme, plan and option.
2. Match the transactions: Compare recorded activity with your transaction confirmations and bank records.
3. Review units held: Check how purchases, redemptions and other transactions changed the balance.
4. Read values alongside their dates: Use the stated NAV and valuation date.
5. Distinguish contributions from returns: A higher balance may reflect additional investments. The change in value alone does not measure performance.

What should you do if a folio is missing or a transaction looks incorrect?

Check the statement’s coverage and period first. A scheduled monthly statement and an on-demand holdings statement may have different scopes. A summary may also lack the transaction detail you need.

For a missing mutual fund folio, check the PAN, registered email address and holding pattern with the AMC or registrar. If the folio has a zero balance, check whether it was included in your request.

Contact the AMC or registrar about mutual fund discrepancies, and your Depository Participant about demat-account discrepancies. Provide the account or folio number, period and transaction reference to help locate the record.

Sources: AMFI, CAS discrepancy guidance; KFintech, CAS request options; NSDL, account-detail guidance.

Get your Bajaj Finserv Mutual Fund statement

To review a Bajaj Finserv Mutual Fund SIP, purchase or redemption, request an account statement for the relevant folio and period. For eligible holdings across fund houses, choose the joint KFintech–CAMS CAS service.

KFintech is Bajaj Finserv Mutual Fund’s registrar and transfer agent. For statement assistance or folio queries, contact Bajaj AMC:

• Email: service@bajajamc.com
• Toll-free number: 1800 309 3900

Mention your folio number and the period required. The fund’s Statement of Additional Information provides for an account statement within five business days of receiving a specific request.

Will bank deposits be included in CAS?

RBI has announced an initiative to enable SEBI-regulated depositories to include bank deposit information in CAS through NBFC-Account Aggregators. Implementation is expected by December 31, 2026.

This is a planned expansion, so existing CAS documents should not be assumed to include bank deposit information.

Source: RBI, “Statement on Developmental and Regulatory Policies”, October 7, 2026.

Conclusion

A consolidated account statement helps you review eligible holdings and transactions in one place. Choose the CAS service that matches your investments, check its period and coverage, and compare the records with your confirmations. A consolidated mutual fund statement can simplify this review, while discrepancies should be raised with the relevant AMC, registrar or Depository Participant.

FAQs

What does “CAS mutual fund” mean?

CAS stands for Consolidated Account Statement. In mutual fund investing, it refers to a combined statement of eligible investments across fund houses.

What does monthly CAS mean?

Monthly CAS records the transactions and holdings covered for a calendar month. For depository CAS, activity in the relevant accounts triggers monthly issuance.

Can I download CAS using only my PAN?

The required details depend on the provider. KFintech’s mailback form requires your registered email address and lists PAN as optional. CDSL’s CAS login requires PAN, BO ID and date of birth.

What is the password for a CAS PDF?

Follow the instructions supplied with your statement. NSDL and CDSL specify the first or sole demat holder’s PAN in capital letters for their e-CAS PDFs. KFintech’s on-demand service uses the password set during the request.

Can CAS include mutual funds held in demat and SOA form?

Yes, a depository CAS can include both. SOA holdings are recorded with the mutual fund rather than in a demat account. NSDL states that investors holding mutual funds only in demat form, without SOA holdings, receive a demat account statement instead of NSDL CAS.

Can I get CAS for joint mutual fund holdings?

Yes, subject to consolidation requirements. The first holder’s PAN and holding pattern matter, so joint holdings may be grouped separately from sole holdings.

Is CAS the same as a capital gains statement?

No. CAS shows investment records, while a capital gains statement provides gain-and-loss information for relevant transactions.

Where can I request a Karvy consolidated statement?

KFintech was formerly known as Karvy Fintech. Use KFintech’s official mutual fund investor portal and select the appropriate account statement or joint KFintech–CAMS CAS service.