If you invest in both stocks and mutual funds, you will receive a common account statement (CAS) on a monthly basis that pertains to both types of holdings. This is separate from the common account statement that your fund houses send you which relates to just your mutual fund holdings. While mutual fund houses are responsible for sending you this second statement, your depositories, National Securities and Depositories Ltd (NSDL) and Central Depository Services (India) Ltd (CDSL), are responsible for sending you the CAS. Let's take a look at what you will find in your CAS.
Asset-wise distribution
Broadly, CAS gives you a summary of your holdings, detailed holdings, the previous month's transactions and details of accounts. Each of these four items is listed in an index at the beginning of your CAS.
Start by taking a look at your asset-wise holdings: equities, preference shares, mutual funds held in dematerialised mode, insurance policies, and so on. CAS covers instruments that come under the jurisdiction of the Securities and Exchange Board of India (SEBI), and only includes investments that are held in dematerialised mode. Shares held in physical mode do not figure in the CAS, with the exception of mutual fund holdings. As per Sebi rules, if your demat account and your mutual fund holdings share the same permanent account number (PAN) and if you are the first investor in both, then your CAS will also include your mutual fund holdings held in Statement of Account (SOA) format. The CAS also provides details of insurance policies held in demat form.
Holdings
Next, have a look at your holdings. You can check the number of shares you own and their value on the last day of the previous month in your CAS. Your mutual fund schemes held in demat form are separately listed from mutual fund holdings held in SOA format. All mutual funds linked to your PAN get listed here, as do your direct plan holdings.
Transactions
If you have bought or sold any shares or funds, you may view your transactions here. Your previous month's systematic investment plans (SIPs) get listed here as well.
It helps to go through one’s CAS regularly, as it provides a consolidated view of both your stocks and mutual funds. As an investor with a diversified portfolio, it is important to not completely forget about investments made in the past, even if you are holding them for the long term.
This article was originally published on April 26, 2019.
Ask Value Research 
New episodes every Friday 
New Process Alert 
Seems like you've uploaded a wrong QR code. Please upload the QR code downloaded from MF Central platform.
