Personal Finance News

All you need to know about CAS – Mutual Funds

As its almost end of the year and Diwali and everyone will be throwing away useless stuff from the house.

What about everyone’s finances?

CAS [consolidated account statement] is one way you can get the information about mutual funds.

It is basically a document or a statement which will your mutual funds, equity etc.

It keeps track of all your monthly transactions and your outstanding investments.

How to get CAS?

National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) issue CAS.

The investments will be seen using the PAN [permanent account number].

If a person buys or sells shares every month then you will get your CAS every month.

If you don’t transact every month, you will get your CAS every six months.

You can get your CAS either by post or by e-mail.

There are a number of times you can use CAS like when all the transactions are executed.

There is a case when you can only use CAS twice a year which is if your account is dormant and usually in months of October and April.

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