Consolidated Account Statement (CAS) is a combined account statement that lists down the details of all of your transactions in the securities market for the previous month. It will include transactions made on your investments in mutual funds, equity shares, preference shares, sovereign gold bonds, corporate bonds, debentures, warrants, money market instruments, securitized instruments, and government securities across different brokers. These are transactions that are reflected in the demat account of the person, in his or her single or joint name, and with the person as the first or sole holder.

CAS was a part of the vision laid down in the 2014 Union Budget presentation that sought the electronic capturing of all financial transactions and consolidating multiple mutual fund folios and demat accounts. Intending to create one record for all financial assets of an individual, bodies like the SEBI, AMFI and MF RTAs explored the option of what soon became the CAS.

We need to understand the significance of the depositories before understanding the process of obtaining CAS.

National Securities Depository Limited (NSDL) and Central Depositories Services India Limited (CDSL) are share depositories registered with the government of India. NSDL is the depository of the National Stock Exchange, while CDSL is the depository for the Bombay Stock Exchange. CAS can be downloaded from both these depositories.

Here is a stepwise look at how to download CAS from NSDL.

• Visit the website www.nsdlcas.nsdl.com/
• Click on the highlighted NSDL e-CAS icon on the top of the menu bar
• Enter your CAS ID and your PAN and fill the captcha below it.
• Click on submit
• In the pop up that appears, fill your PAN, select your Depository Participant (DP) name and ID, and the client ID.
• Fill in the captcha and click on submit.
• You can access CAS for a particular month and year by clicking on the “Track your CAS” button on the top of the menu bar.
• Here, in the Query/Complaint section, you can click on submit.
• A pop up will appear, where you will have to fill your CAS ID, PAN, email ID, and the month and year of CAS required.
• You can also download the subscription form to receive your CAS regularly. You have to fill, sign and submit it to your DP, along with the proof of your address as mentioned in the form.

Here is a stepwise look at how to download CAS from CSDL.

• You have to visit the web page www.cdslindia.com/cas/logincas.aspx
• You have to fill in your PAN Card detail, the Beneficiary Owner Identification Number (BO ID) and your date of birth. BO ID is the Demat account number allotted to the beneficiary holder(s) by DP and in CDSL it is a 16-digit number. Then you have to click on Submit.
• Once you click on submit a One Time Password (OTP) is automatically sent to your registered mobile number. You have to verify the OTP on the web page and submit it.
• Now you can select the year and month and click on search to download the e-CAS through the CDSL statement.
• The CDSL e-CAS statement is a password-protected document. To open this document, you need to put your PAN details in block letters.

1. When do you receive a CAS?

The SEBI requires that a CAS be sent to the investor for any transaction in the previous month in any of his/her demat accounts and/or mutual fund folios. Thus, CAS is received in the month next to the one in which any such transaction took place. However, if there are no transactions in the demat account and mutual fund folios in any month of the year, CAS with the holding details will be sent only twice a year, in April and October.

2. How is the portfolio consolidated for the purpose of CAS?

As per SEBI guidelines, the account statement is consolidated based on the PAN. If there are multiple holding involved, the pattern of holding and the PAN of the first holder is considered. The depository receives the PAN provided by AMCs and MF-RTAs, and match the PANs available in the demat accounts of clients. Common PANs are identified and allocated together for the purpose of CAS.

3. When is the CAS received?

The transactions pertaining to a particular month are collated and the CAS is sent to the registered email address of the investor by the 15th of the next month.

4. What is included in the mutual fund section of the CAS?

The following activities are included in the statement page,

• Purchase of units
• Redemption of the units
• Switching of schemes
• Systematic transactions like SIP, STP, SWP, etc.
• Dividends received
• Reinvestment of dividend
• Merger of schemes
• Bonus allotments
• Broker change

5. What other information is included in the CAS?

CAS may include the following information

• Opening & closing balance
• Email address
• Nominee status
• Frozen status
• Beneficial owner status
• KYC status
• Folio No
• ISIN & the Unique registration number for each folio and scheme, sensitive information like bank account numbers & PAN related details is not mentioned in the CAS

6. To which address will the CAS be sent if different addresses have been provided in MF Folios?

In case an investor has multiple accounts across the two depositories as well as in the MF folios, the depository having the earliest demat account will be the default depository. The CAS will be sent to the address mentioned in that demat account. If the investor had opted to receive the Transaction statement through email, then the email ID available in that earliest demat account of the investor will be considered for sending the e-CAS.

7. Do AMCs also provide CAS to their investors?

If the investor has a registered email ID with the AMC, the respective Fund House generally sends a soft copy of the account statement within 5 working days after each financial transaction. If there is no common PAN between the RTAs and the Depositories, the CAS is sent every month by Mutual Funds, which includes the mutual fund transactions.

The investor can also change the dates/months to check the transactions as per his or her preference. However, if an email ID is not registered with the fund houses/RTA, the CAS is sent as per the monthly schedule.

8. Is a minorʼs portfolio considered for consolidation?

No, a minorʼs portfolio is not considered for consolidation. There may be different portfolios of the same minor with different guardians and in different mutual funds. Therefore, consolidation on the basis of the PAN of the guardian may not be appropriate.

9. What are the charges for CAS?

No fees or charges are applicable for providing the ‘e-CASʼ.

10. How to change the mode of CAS receipt from physical to email or vice versa?

The electronic mode can be opted by applying for the same on the depository website. To change the mode from electronic to physical, you will need to contact your DP. The DP will forward the request to the concerned depository.