Consolidated Account Statement: Track Your Investments in One Place

Highlights:

• Consolidated Account Statement (CAS) shows mutual fund holdings and, when your PAN matches a demat account, demat securities across fund houses and depositories in a single document.
• CAS was mandated through SEBI circular CIR/MRD/DP/31/2014 dated November 12, 2014, combining mutual fund and demat holdings under NSDL and CDSL from March 2015.
• CAS is dispatched monthly if there is any transaction in a demat account or mutual fund folio, and half-yearly (April and October) if you have holdings but no transactions. You can also generate it on demand through NSDL, CDSL, or MFCentral.
• Investors must register the same PAN (first holder’s PAN and holding pattern for joint accounts) and an email ID with their depository participant or mutual fund to receive CAS.

Introduction

Managing multiple mutual fund folios and demat accounts means tracking numerous statements each month. Consolidated Account Statement (CAS) simplifies this by combining all your investment information into one document. Whether you hold mutual funds across five different AMCs or securities in multiple demat accounts, CAS brings everything together. Here’s how it works and why it matters for your portfolio tracking.

What is a Consolidated Account Statement?

CAS is a single combined document that displays mutual fund transactions and, where applicable, securities held in demat accounts across Asset Management Companies and depositories. It was mandated through SEBI circular CIR/MRD/DP/31/2014 dated November 12, 2014, and took effect from March 2015 for transactions carried out in February 2015.

NSDL and CDSL issue the combined CAS to investors whose PAN matches an active demat account and mutual fund folios. Consolidation is done on PAN of the first holder and the pattern of holding. If you have demat accounts with both depositories, the depository that holds the older demat account is the default issuer. If your PAN has no matching demat account, your mutual fund registrar (CAMS or KFintech) issues a mutual-fund-only CAS. Either way, you get one document instead of separate statements from each fund house and depository participant.

Types of CAS and What Information It Contains

Dispatch depends on account activity. If you made any financial transaction in a demat account or mutual fund folio: purchase, redemption, switch, or SIP instalment, you receive a CAS for that month. If you have a balance but no transactions in the half-year ending March or September, you receive a holdings-only statement in April or October. If there are no holdings and no activity, there is nothing to send; there is no separate “full year of inactivity” rule.

You can also generate CAS on demand through NSDL, CDSL, or the CAMS–KFintech MFCentral portal, choosing the current financial year, previous financial year, or a specific period up to 365 days.

For mutual funds, CAS covers financial transactions including purchases, redemptions, switches, dividend/IDCW reinvestment and accruals, and systematic transactions (SIP, STP, SWP) across fund houses where folios share the same first-holder PAN. Non-financial changes, such as an address or bank update, are not included. If mutual fund units are held only in demat form and you have no Statement of Account folios with the RTAs, a combined CAS may not be generated; the depository participant’s demat statement covers those units.

For demat holdings, the statement displays securities including equity shares, bonds, ETFs (Exchange Traded Funds), and government securities, along with transaction details for the statement period. Understanding the advantages of demat accounts helps you maximise this consolidated tracking feature.

Benefits of CAS for Investors

CAS cuts the clutter of multiple statements from different fund houses and brokers. One document makes it easier to see what you hold, spot missing SIPs, and review activity.

For taxes, treat CAS as a transaction trail, not a ready capital-gains working. It does not replace AIS, Form 26AS, broker contract notes, or the capital-gains statements from CAMS/KFintech. Use it to reconstruct purchases and redemptions; compute gains separately, including grandfathering, IDCW versus growth, and demat versus SOA lots.

The single-document format also helps family members and nominees see the portfolio in one place. That is a convenience aid, not a substitute for nomination, a will, or transmission documents.

How to Get Your CAS Statement

Update the same PAN with your depository participant and across mutual fund folios. Joint folios consolidate on the first holder’s PAN and holding pattern; mixed first holders produce split statements.

Register an email address with your DP or mutual fund. Email is the default mode of dispatch; physical copies are available if you opt in. Depositories are also required to send a quarterly SMS confirming the email ID used for CAS.

Timelines differ by issuer. For mutual-fund-only (registrar) CAS, statements have typically been sent by the 10th of the following month. For the combined depository CAS, SEBI revised timelines with effect from 14 May 2025: AMCs and registrars share common PAN data within five days of month-end; depositories dispatch e-CAS by the 12th day and physical CAS by the 15th day from month-end. Half-yearly e-CAS is due by 18 April and 18 October; physical CAS by 21 April and 21 October.

Online, download CAS from NSDL’s CAS portal or CDSL’s eCAS facility using PAN and a chosen period. You can also use CAMS/KFintech Anytime e-CAS or MFCentral, which can generate a Summary or Detailed CAS for a period of up to 365 days. Statements are delivered as password-protected PDFs. Investors who do not want CAS can give negative consent / opt out, as provided in the 2014 circular.

Tracking Made Simple

CAS turns a stack of monthly statements into one review document, with the limits above kept in mind. Use it as the master activity log, then pull tax and valuation reports from the right source when you need numbers that CAS does not compute.

FAQs