Tuesday, October 26, 2021
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[How to] get Consolidated Account Statement for all Mutual Funds from KARVY + CAMS + FTAMIL + SBFS

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A.  Mail Back service / On Demand Consolidated statement

Investors can now request for a single Consolidated Account Statement across their entire holdings in CAMS, Karvy , FTAMIL & SBFS

If you have registered an email address in your folios across Funds serviced by

  • CAMS
  • Karvy
  • Franklin Templeton Asset Management (I) limited (FTAMIL) 
  • Sundaram BNP Paribas Fund Services (SBFS)

you can use this link below to obtain a consolidated PDF Account Statement at your registered email address.

https://www.camsonline.com/InvestorServices/COL_ISAccountStatementCKF.aspx

https://www.karvymfs.com/platformservice/

Once you enter the details, the statement will be sent to your email ID within few hours.

Make sure your email ID is registered with all MF companies where you have made investments.

 

B.  Monthly Consolidated Account Statement ( CAS / eCAS)

In November 2011, SEBI directed all fund houses to provide a Consolidated Account Statement for all Mutual Funds.

The Mutual Fund Industry Consolidated Account Statement (CAS) is a single account statement that consolidates financial transactions for a month in all transacted folios of an investor across all schemes of all mutual funds.

It is issued on or before the 10th of every month, in respect of financial transactions carried out in the previous month across all mutual funds. If no transaction is done in any folio for a period of six months, a statement will be sent at the end of every 6 months.

CAS is generated uniquely only if

  • the first and joint holders are identical in all folios,
  • all have valid PAN.
  • financial transactions have taken place during the month

For example, if you hold a folio singly, and another folio jointly with your wife as second holder, CAS will not be issued aggregating both folios.
The statement will contain details like

  • all financial transactions, such as purchase, including NFO transactions, redemption including maturity of FMPs, switches, systematic transactions, dividend payouts or reinvestments.
  • opening and closing unit balances of these folios,
  • the registered email ID,
  • mode of holding,
  • KYC status and
  • the nominee registration status.

Investors need to make sure that

  • their PAN is registered in the folio for all holders
  • KYC-registered address of the investor is correct

(eCAS)  –  In Dec 2012 The Association of  Mutual Funds in India (AMFI) announced the roll out of mutual fund common account statements, or CAS, in the electronic form. (eCAS)

Since November 2011, physical copies of CAS are being dispatched to investors. Now, the electronic version of this statement is sent to the investor’s e-mail ID.

That is, the e-mail ID registered as per the investor’s KYC (know-your-customer) records or the one registered in the last transacted folio during the month.

Summary

Make sure you have updated correct PAN details, correct email address, correct KYC across all Mutual funds. You can then get / access consolidated statement across all Mutual funds.

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