PERSONAL FINANCE

How To Get Mutual Fund

Consolidated Account Statement
– Step by Step Guide
A U G 2 4 , 2 0 2 1   5 M I N S R E A D

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Since a mutual fund refers to investing a pooled amount of money in
different stocks, investors often assume their risk is quite diversified.
However, experts recommend also diversify the type of different mutual fund
schemes you invest in: you can choose different industry-focused funds or
funds based on different market capitalization.
But this is also not enough. A smart investor also needs to monitor the
performance of different funds they own, and rebalance it depending on new
market conditions and performance metrics.

However, when you have multiple mutual fund investments, monitoring each
independently can be a cumbersome process. This is where a
consolidated mutual fund statement helps. In this article we dive deep into
what is a consolidated mutual fund statement and its features.

This article covers:

  What is a consolidated mutual fund statement?
 Features of the consolidated MF statement
 Components of the consolidated MF statement
 Benefits of the consolidated mutual fund statement  
 How to get the mutual fund statement?

What is a consolidated mutual fund

statement?
The consolidated mutual fund statement is an account statement of your
mutual fund investments. The statement is issued monthly and shows the
records of the financial transactions done across all the mutual
fund schemes that are held against your name and PAN Card ID.

Features of the consolidated MF statement

The mutual funds’ consolidated statement exhibits the following salient
features:

 It is, usually, issued by the 10th of every mth. 

 As per SEBI guidelines, issuing a mutual fund statement is
mandatory
 To ensure you get this statement, you have to register your email ID
with authorised mutual fund registrars. The mutual funds’
consolidated statement is then mailed to you in an electronic format.
Because of its online nature, it is also called an eCAS statement.
 The statement is issued in PDF format and is always password
protected. Your PAN ID is the password with which you can open
the attached document and check your mutual fund transactions.

Components of the consolidated MF

statement
The mutual fund statement contains the following important details:

 Your name, registered mobile number, email ID, and address

  The list of your mutual fund investments with their opening and
closing balances
 The cost of investment vis-a-vis the current valuation
 Folio numbers of all schemes
 Nomination details
 KYC compliance details
 Mode of holding

Benefits of consolidated mutual fund

statement
The consolidated MF statement is quite beneficial for investors. This is
why SEBI has made its issuance mandatory. The benefits of the eCAS
statement are as follows:
  You can easily evaluate the performance of all your mutual fund
schemes under one consolidated statement. It eliminates the hassle
of checking each scheme’s performance independently.
 The statement gives the overall value of your mutual fund portfolio.
This helps you ascertain whether your combined portfolio value is
aligned with your financial goals or whether you need to rebalance it
 You can easily check the transactions done in your mutual fund
schemes, i.e. the investments made, scheme switches, and
redemptions.
 You can also evaluate your tax liability if you are thinking of
redeeming any scheme.
 You can double-check your KYC, nomination, and other details
contained in the statement.

How to get the mutual fund statement?

You can access your consolidated mutual fund statement from any of the
4 SEBI-authorised mutual fund registrars. These registrars are as follows:
 CAMS
 Karvy
  Franklin Templeton
 Sundaram BNP Paribas Financial Services (SBFS)
You can visit the website of any of these Registrar and Transfer Agents
(RTAs) authorised by SEBI and get access to your statement.

For example, CAMS online needs you to follow the following process to get
a consolidated mutual fund statement:

 Visit https://www.camsonline.com/
 Under the head ‘Statements’, click on ‘CAMS – CAMS+KFintech’
 Choose from the ‘Detailed’ or ‘Summary’ option and provide the
other details like the date for which you need the statement,
registered email ID, and password
 Submit the form and the statement would be emailed to your
registered email ID
For the consolidated mutual fund statement, CAMS online sends the details
of all your mutual fund holdings, whether bought from CAMS or not. You
can also choose to view individual portfolios or the holdings bought only
through CAMS.

Other RTAs, too, have a similar facility of offering the consolidated MF

statement for your perusal.

Similarly, you can use the KFintech website to access your eCAS statement
through a mail-back service. Just
visit https://mfs.kfintech.com/investor/General/ConsolidatedAccountStateme
nt, provide the relevant details and the statement would be sent to your
registered email address.
Through a consolidated mutual fund statement you
can monitor your portfolio and make suitable
investment decisionsCLICK TO TWEET
The bottom line
The consolidated mutual fund statement is a useful and informational tool
that helps you monitor your portfolio and make suitable investment
decisions. The statement is available free of cost through authorised RTAs
and is sent to your registered email address. So, understand how to access the
consolidated statement to track your mutual fund investments. Review the
statement periodically so that you can ensure that your portfolio aligns with
your financial goals.