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.
