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Common account statement

It gives you a summary of your holdings, detailed holdings, previous month's transactions and details of accounts


If you invest in stocks and mutual funds (MFs), you must be receiving a common account statement (CAS) across your equity and MF holdings, since March 2015. This is separate from the CAS that your fund houses send you, for just your MF holdings (let's call this MF-CAS). While the MFs are responsible for sending you MF-CAS, your depositories, National Securities and Depositories Ltd and Central Depository Services (India) Ltd are responsible for sending you the CAS. Let's take a look at what you should see in CAS.

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Asset-Wise Distribution
Broadly, CAS gives you a summary of your holdings, detailed holdings, previous month's transactions and details of accounts. Each of these four items, listed in an index on the top panel at the start of your CAS, is marked in a specific colour. Their details-on relevant pages-are also marked in the same colour, so you know at one glance what you are looking at, depending on the page you are on, at that moment. For instance, previous month's transaction are earmarked in blue, so the page on which your transactions are listed will also be marked in this colour.

Start by taking a look at your asset-wise holdings, like equities, preference shares, MFs 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). Also, it only covers those investments that are held in dematerialised mode. Shares held in physical mode will not be covered, but an exception here is MF holdings. As per Sebi rules, if you have a common permanent account number (PAN) between your demat account and MF holdings, and you are the first investor in both, then CAS will also include MF holdings held in Statement of Account (SOA) format. From this month, CAS will also give details of insurance policies held in demat mode.

Holdings
Take a look at your holdings. You can see the number of shares you own and value on the last day of previous month. Your MF schemes held in demat mode are separately listed from MF holdings held in SOA format. All your MFs that have your PAN get listed here as well as your direct plan holdings. It's a good thing to go through your holding statements regularly, as sometimes we forget where we have invested our money, if investments were made months or years ago.

Transactions
If you have bought or sold any shares or funds, you can take a look at your transactions here. Your previous month's systematic investment plans (SIP) will also get listed here.

In arrangement with HT Syndication | MINT

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