CAS (Consolidated Account Statement)
A Consolidated Account Statement (CAS) is a single, comprehensive document issued by NSDL or CDSL that consolidates all mutual fund holdings and demat account transactions of an investor across all AMCs and depositories, linked through a common PAN, delivered monthly to investors who have transacted during that period.
The Consolidated Account Statement was introduced by SEBI to address the fragmented nature of investor reporting in India, where an investor might hold mutual fund units across a dozen AMCs along with equity and bond holdings in a demat account. Prior to CAS, investors had to separately track statements from each AMC's RTA (CAMS or KFintech) and their depository participant. SEBI, in coordination with AMFI, NSDL, and CDSL, mandated a unified statement that stitches together all of this information.
CAS is dispatched by email (or post, if email is unavailable) on or before the tenth of each calendar month for investors who have made at least one transaction — including SIP instalments — in the preceding month. Investors with no transactions receive a half-yearly CAS in April and October. The statement captures unit balances, transaction history, cost of acquisition, and current market value for all mutual fund folios linked to the investor's PAN, along with demat-held securities.
The statement includes the 'Cost of Investment' and 'Current Value' for each scheme, allowing investors to see unrealised gain or loss without maintaining separate spreadsheets. This feature is particularly useful for tax planning, as investors can identify loss positions available for harvesting before the financial year ends. The statement also shows the total portfolio value across all asset classes held in financial form.
For investors who transact through multiple platforms — direct on AMC websites, through Zerodha Coin, through Groww, through a traditional distributor — the CAS is the only document that provides a truly consolidated view. Platform-specific statements only show transactions processed through that platform. Discrepancies between platform statements and CAS sometimes occur due to processing lags, and CAS is considered the authoritative record since it is generated directly by the depositories.
The CAS is available on demand as well: investors can generate a password-protected PDF instantly on the NSDL CAS portal (cas.nsdl.com) or the CDSL MyCAS portal by submitting their PAN and registered email. The password for the PDF is typically a combination of the investor's PAN in uppercase and date of birth in DDMMYYYY format, though this convention may vary.