According to the Association of Mutual Fund in India (AMFI), from now on mutual fund investors will get a consolidated account statement (CAS) which will include the details of all the mutual fund transactions made by the investor during the calendar month.
Consolidated account statement (CAS) includes all the transactions happened in a month in different fund houses. Consolidated view of all the transactions happened during the month will help investors.
This monthly statement (CAS) will only be issued to the investors if there is any transaction made by the investor during the month.
The consolidation of folios is on the basis of Permanent Account Number (PAN) provided by the investors.
This is going to be additional account statement in addition to the individual account statements that investors get from the their mutual fund houses