Consolidated Account Statement in Mutual Funds – Know the Importance

Posted on Thursday, March 6th, 2025 | By IndusInd Bank

The world of mutual funds can be tricky. When you invest in mutual funds, your investments are spread across different fund houses. It can be confusing keeping track of each one’s performance, transactions, and balances. This is a problem that a Consolidated Account Statement (CAS) solves. A consolidated account statement makes it easy to manage your portfolio. It shows all your mutual fund investments in one statement.

This article will tell you what CAS is, how important it is, what it made of, and much more.

Understanding a Consolidated Account Statement (CAS) in Mutual Funds

As mentioned above, a Consolidated Account Mutual Fund Statement (CAS) summarises your mutual fund investments. It provides details about the schemes and the fund houses, consolidating all your mutual fund investments into one document. This makes it easier to manage your portfolio.

Also, it can make you an insightful investor by making additional information available for your investments. This includes transaction history and portfolio valuation. Knowing these can help track and manage your investments.

Why is a Consolidated Account Statement Important?

It is important for you to check your Mutual Fund’s Consolidated Account Statement (CAS) regularly. This lets you know about any changes that your portfolio might have undergone. You will know about new investments, withdrawals, or changes in the performance of a particular fund. Here are all the benefits that a CAS offers:

1. Simplifies Portfolio Management

Managing your portfolio becomes simpler with a CAS. The document will show every mutual fund investment of yours in one document. This streamlined approach allows you to focus on how to grow your investment portfolio. You need not consolidate multiple MF reports to monitor performance. You can refer to one document and make informed decisions.

2. Streamlines Tax Filing Process

The entire point of making investments is to generate additional income. This income is taxable and requires you to calculate the total tax for all your investments. With multiple investments and multiple reports, calculating this tax can be cumbersome.

The consolidated account statement for mutual funds summarises all transactions. With a summary of your incomes, calculating your tax obligations becomes easier.

3. Facilitates Compliance and Monitoring Efforts

Investment avenues in India are regulated by one or the other regulatory body. This applies to mutual funds as well that are regulated by SEBI. As an investor, your mutual fund holdings’ changes must be reported. This is done to ensure they meet regulatory requirements. Consolidated Mutual Fund Statement provides all the necessary information for this. Regularly review the CAS to know about changes in your portfolio. Once you have an update, take the necessary action.

What does a CAS Include?

1. Personal Information

Firstly, you will find your personal details in your CAS. Your name, address, and other financial details verify that the statement is linked to you.

2. Overview of Investments

This section of the CAS lists fund names, units held, and their current market value. This section is key to understanding the current state of your investments.

3. History of Transactions

This section shows the transaction made related to your mutual fund investments. Your purchases, redemptions, transfers, etc. helps you track fund movements.

4. Distribution of Dividends

The section includes details like dividend amounts, payment dates, and sources. Your dividends are essentially the income you have earned from mutual funds.

5. Investment Distribution

A diverse portfolio includes investments in equity, debt, and other mutual fund types. As an investor, you should know which type is more suited to your financial goals and strategy. This section of the CAS ensures you are invested in the right type of mutual funds.

6. Overall Value and NAV

The value of your investments and the Net Asset Value (NAV) are listed in the CAS and are an indicator of the overall mutual fund performance.

The CAS paints a holistic picture of how your mutual fund investments are doing. However, the report only shows a summary of the investment decisions you take. To ensure that the CAS is helpful and positive, you need to pick the mutual funds and invest in them with a reliable bank.

IndusInd Bank offers an exquisite Mutual Fund offering. You can choose from a large variety of funds, including equity, debt, and hybrid funds. You can invest in these funds in a click through IndusInd Bank’s investment platform. The bank allows you to track your investments across devices through their IndusInd Bank Mobile Banking App – INDIE.

Also Read: What is an SIP?

Conclusion

A Consolidated Account Statement (CAS) is essential for managing your mutual fund investments. CAS simplifies portfolio management and aids in planning by compiling all transactions and assets into one document. It offers a snapshot of your investments, aiding in reporting your income for tax compliance. This empowers you to make informed choices and stay focused on your financial goals. IndusInd Bank can help you in doing so through its wide variety of funds and robust handling mechanisms.

Disclaimer: The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for making any financial decisions based on the contents and information.