Consolidated Mutual Fund Statement: What Does It Contain?

What is Mutual Fund?

A mutual fund works like a financial vehicle in which a fund manager pools up the assets from different shareholders to invest in securities such as stocks, bonds, and money market instruments along with other assets. A mutual fund portfolio is more structured and maintained to match the investment objectives in its prospectus. 

With mutual funds, people who want to invest money without spending time managing the investment portfolio can do it in the most affordable and risk-free way. In mutual funds, managers can invest people's money in a vast number of securities, and the performance of mutual funds is tracked as the change in the total market cap of the funds. The fund manager or, in some cases, investment advisor, is the one who is legally obligated to work in the best interest of your mutual fund sharings. 

What is a Consolidated Mutual Fund Statement?

A consolidated mutual funds statement is a single or a combined statement where you can find out about the financial transactions made by the fund manager across all the mutual funds. Besides this, with CAS, you can also look at the reports of other forms of securities held in dematerialized mode, also known as Demat. This is one of the most important reports that investors need to see and should understand. All the transactions done by the investor on your behalf will be shown here. The mutual fund investment will be given under your PAN ID. You will get a soft copy of it, but you can also avail of the hard copy of it once a month for a minimal fee. 

Importance of Consolidated Mutual Fund Statement

Below are the crucial features of CAS, making it a must to understand investment reports for everyone. 

It Showcases The Health Of A Company 

CAS allows investors and the general public to determine how well a company performs. You can decide which company to give your money to in order to put it on investment by looking at their CAS reports and seeing how they are performing with the money they already have. It also tells about the company's ethics and how they manage their clients' money; this will help both the investors and vendors decide whether to put their money in the hands of this company. 

Reduce Additional Paperwork

With the soft copy of CAS paperwork becoming minimal as here, you can find everything related to your investments with just one report. All the data is accumulated in one place for you to see, which is a great way to simplify reporting and makes investment tracking easier. 

How to Get Consolidated Statements of All Mutual Funds?

As we said earlier, there are multiple ways for you to check out your CAS. Here in this example, we will showcase one of the methods that work for everyone. You can try other methods or websites as well. We felt this one in particular to be an excellent choice for those who are new to investing. 

Step 1:- First, you need to go to the official website camsonline.com, and from there, you will see MF Investor services on the homepage of a website in the top left corner; it is the first option from the list of other options present. 

Step 2:- Now, once you click on MF Investor Service, you will be taken to a new page where you will see "Service For Investors," and on the left side of it, there's a menu bar where you need to click. The menu bar has options such as "Transactions," "Statements," "Service Requests," and "Support."

Step 3:- Click on Transactions from the menu we have mentioned above, and it will open all the options available in Transactions. Here you need to click on the first option, which is "myCAMS."

Step 4:- Now you will be taken to another new tab which opens "https://mycams.camsonline.com/," here, you need to create your user for the particular website. After creating the website, you will be able to add your PAN card details, and after the linkup of the PAN card, you can check out your CAS transactions and can even schedule it to come to your email every month.   

What Does Consolidated Mutual Fund Statement Contain?

CAS is generally issued by depositors such as NSDL or CDSL. The contents of the Consolidated Account Statement come with the details of all the transactions which were conducted by the investors over the period of a month or 30 days. Given below is the list of content you are more likely to see in any CAS. 

• Number and information on purchase of units. 
• Redemption includes how much money you will get in terms of maturity payments. 
• Switches. 
• Systematic transactions such as SIP, SWP, STP, and more. 
• Dividend payments.
• Reinvestment of dividends.
• A merger of schemes. 
• Allotments in case of any bonus units and others. 

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Conclusion

So this is what Consolidated mutual fund statements are all about, or in short, CAS. The thing is, for a lot of people, CAS is a one-stop place in order to get the details on their multiple investments and even to check out their investment portfolio. But there is one thing you need to keep in mind when accessing information about your investments which is it doesn't tell you about the fund houses. What this means is you cannot check out how your investment manager or the company whom you have given your money is performing. 

The primary usage of CAS is to provide individuals with the complete details of their financial situation so that you can review them with ease. On the other hand, if you want to check out the breakdown of your income, expenses, loans, retirement accounts, and even your cash flow statements, you should contact the bank and ask for their details. Knowing all of this information about your finances will help you get a firm grip on your current financial situation. At the same time, you will prepare yourself better for future financial needs.