Consolidated Account Statement (CAS) and folio consolidation
One statement for every fund house, built on your PAN. Who sends it, when, and what to do about scattered folios.
A Consolidated Account Statement (CAS) puts all of an investor's mutual fund holdings, across every fund house, on one statement. The key is PAN: RTAs and depositories match an investor's folios everywhere by PAN, so one statement can cover funds serviced by different RTAs. For joint holdings, the first holder's PAN and the holding pattern decide which statement a folio lands on.
Which body sends your CAS depends on whether you also have a demat account. If your PAN is common to a depository and the mutual funds, the depository sends one CAS covering your demat holdings and your mutual fund folios. If you hold only mutual fund units and no demat account, the AMCs and RTAs send it.
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Who sends the CAS, and by when
Depository dates as revised by SEBI's circular of February 14, 2025, in force from May 14, 2025.
Monthly CAS, mutual fund units only
Sent by
AMC / RTA
Deadline
On or before the 15th of the following month
Half-yearly CAS (no transactions in the half-year), mutual fund units only
Sent by
AMC / RTA
Deadline
On or before the 21st of April and October
Monthly CAS, demat and mutual funds: data handover
Sent by
AMC / RTA to depository
Deadline
Within 5 days of month end
Monthly CAS, demat and mutual funds: dispatch
Sent by
Depository
Deadline
e-CAS within 12 days of month end; physical within 15 days
Half-yearly CAS, demat and mutual funds: data handover
Sent by
AMC / RTA to depository
Deadline
On or before 8 April and 8 October
Half-yearly CAS, demat and mutual funds: dispatch
Sent by
Depository
Deadline
e-CAS by 18 April and 18 October; physical by 21 April and 21 October
| Statement | Sent by | Deadline |
|---|---|---|
| Monthly CAS, mutual fund units only | AMC / RTA | On or before the 15th of the following month |
| Half-yearly CAS (no transactions in the half-year), mutual fund units only | AMC / RTA | On or before the 21st of April and October |
| Monthly CAS, demat and mutual funds: data handover | AMC / RTA to depository | Within 5 days of month end |
| Monthly CAS, demat and mutual funds: dispatch | Depository | e-CAS within 12 days of month end; physical within 15 days |
| Half-yearly CAS, demat and mutual funds: data handover | AMC / RTA to depository | On or before 8 April and 8 October |
| Half-yearly CAS, demat and mutual funds: dispatch | Depository | e-CAS by 18 April and 18 October; physical by 21 April and 21 October |
The workbook has the older dates
The December 2024 Series II-B workbook says RTAs give common-PAN data to depositories within 3 days of month end and depositories dispatch within 10 days. SEBI changed these to 5 days and 12 days (e-CAS) or 15 days (physical) from May 14, 2025. If an exam option matches the workbook figure, read the question for which date it asks about.
When you get one at all
- check_circleMonthly: when there was any transaction in any of your folios or demat accounts that month.
- check_circleHalf-yearly: when there was no transaction for six months, as a holdings statement for the half-year ending September or March.
- check_circleBy email by default when an email is registered. A physical copy is sent if the investor asks for it.
- check_circleAn investor who does not want the depository's CAS can give negative consent; the RTA then stops sharing that investor's data with the depository and the investor gets the CAS from the AMCs and RTAs.
What a CAS shows
- checkEvery transaction in the period, scheme by scheme, with ISIN
- checkUnits held and their current value
- checkTotal purchase value, the cost of investment, in each scheme
- checkHalf-yearly: the actual commission paid to distributors against your investment in each scheme, in rupees, gross of the distributor's costs
- checkHalf-yearly: each scheme's average total expense ratio, split into management fee, distributor commission and other expenses, for the plan you hold
- checkUnclaimed redemption or IDCW amounts in your folios, with their current value
Free account, this exam preselected.
Who answers for what
The AMCs and RTAs are accountable for the accuracy of the mutual fund data in the CAS and for handing it to the depositories on time. The depositories are accountable for sending the CAS on time and for the demat information. A wrong unit balance is an RTA question; a missing statement from the depository is the depository's.
Folio consolidation
A folio is your account number with one fund house. You can end up with several at the same fund: each time you buy through a new application rather than an additional-purchase slip, the purchase can open a fresh folio. Different holders or a different holder order also mean a different folio.
Several folios are not a problem for the CAS, which already groups them under your PAN. They are a problem for service requests. A change of bank or nominee is made folio by folio, and a PAN update is made fund by fund, so a forgotten folio can keep an old bank account or no nominee.
Fund houses let you ask for folios held in the same names to be merged into one, which leaves a single record to keep current.
Check the conditions with the fund house
SEBI's master circular sets no single procedure for folio consolidation. Each AMC sets its own form and conditions, which usually include the same holders in the same order. Use the form on your AMC's or RTA's website.
Other consolidated statements RTAs issue
- check_circleA consolidated statement of all mutual fund investments across all AMCs serviced by all RTAs, on request.
- check_circleA family statement for all members who share a common email ID.
- check_circleCapital gains statements (realised and unrealised), IDCW pay-out reports and an ELSS statement.
- check_circleMF Central, the platform built by the two Qualified RTAs, gives statements and service requests across funds in one place.
CAS and folio questions
What is a CAS in mutual funds?expand_more
A Consolidated Account Statement: one statement of all your mutual fund holdings and transactions across fund houses, matched by PAN. If you have a demat account, it also covers your demat holdings.
Who sends the CAS, NSDL, CDSL, CAMS or KFintech?expand_more
If your PAN has a demat account, a depository (NSDL or CDSL) sends it. If you hold only mutual fund units, the AMCs and RTAs (CAMS, KFintech) send it.
When does the monthly CAS arrive?expand_more
From the RTAs, by the 15th of the next month. From a depository, the e-CAS by the 12th day after month end and a physical copy by the 15th.
Why didn't I get a CAS this month?expand_more
A monthly CAS goes only when there was a transaction. With no transactions, you get a half-yearly holdings statement in April and October.
Why do I have more than one folio at the same fund house?expand_more
A purchase made on a fresh application, or in different names or holder order, can open a new folio. Ask the fund house to merge them so bank, nominee and contact changes are made once.
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