From March 2015, you will get a consolidated account statement (CAS) of your investments in mutual funds as well as stocks if you have a demat account. Getting all the information at one place will make decision-making easier. It will also help the Securities and Exchange Board of India (Sebi), the market regulator, keep track of people's investments in shares and mutual funds.
Mutual funds are already providing CAS to investors as per Sebi directives. Sebi has now asked depositories and mutual funds registrar and transfer agents (RTAs) to put in place a system for generation of common CAS every month.
Mutual funds and their RTAs will share information with the depositories every month. The depositories will collate investment details of both stocks and mutual funds on the basis of investors' permanent account numbers (PANs). The depository will generate CAS for account holders who have investments in both stocks and mutual funds. For those who have investments in just mutual funds and don't have a demat account, mutual funds or their RTAs will continue to send CAS as per the current regulation.
An investor will get CAS on a monthly basis only if he has made a transaction in stocks or mutual funds, that month. Otherwise, he will get it on a half-yearly basis. The CAS will be sent through email but if an individual wants he can also ask for a physical copy.