The mutual fund industry has decided to issue Consolidated Accounts Statement (CAS) on monthly basis for transaction starting October.
This is an investor-friendly initiative to allow investors a single-window view of all their transactions in mutual funds.
CAS will be issued as a monthly statement to investors, if there are any transactions during the month.
The consolidation of folios is on the basis of PAN provided by the investors.
The CAS will be in addition to the individual account statements that investors get from the their mutual fund houses