How-to CAS reading consolidated statement

How to read a Consolidated Account Statement (CAS) for mutual funds

From WebNotes, a public knowledge base. Last updated . Reading time ~5 min.

A CAS PDF is structured for quick scan + detailed forensic reading. The first time investor sees a CAS, the volume of information can feel overwhelming; once you understand the structure, reading takes 15-20 minutes monthly.

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Step-by-step procedure

See the procedure infobox above.

CAS section sequence

  1. Cover page: Investor identification, PAN, period.
  2. Index / TOC: List of AMCs and folios covered.
  3. Folio sections: One per AMC, sub-organised per scheme within AMC.
  4. Transaction details: Chronological per folio.
  5. Capital gains summary: Realised gains aggregated.
  6. Footnotes: Disclaimers, contact info.

Common transaction codes

CodeMeaning
Purchase / SubLump-sum or NFO subscription
SIPSystematic Investment Plan installment
Redemption / RedSell of units
Switch-In / SIUnits allotted from switch
Switch-Out / SOUnits redeemed in switch
IDCW Payout / DivDividend distribution to bank
IDCW Reinvest / DRDividend reinvested as new units
Bonus / BOBonus units issued
Stamp Duty0.005% stamp duty on each purchase
STTSecurities Transaction Tax on equity redemption
Exit LoadLoad on redemption within scheme-specified period

Reading NAV columns

ColumnDetail
Trans NAVNAV at which transaction was executed
Stamp DutyCharged on purchase (0.005% capped)
Per Unit CostEffective cost per unit after stamp duty
Closing NAVNAV at end of period (for current value)
Current NAVSame as closing NAV at period end

Capital gains summary section

Critical for tax filing. Structure:

FieldDetail
SchemeMF scheme name
Date of purchaseWhen units were originally bought
Date of redemptionWhen units were sold/switched
Holding periodCalculated for LTCG/STCG classification
Cost basis (FIFO)Original cost of redeemed units
Sale valueRedemption proceeds
Capital gainSale - Cost
Indexed cost (debt MFs pre-FA 2023)Indexation-adjusted cost
LTCG / STCGClassified per holding period

This summary is your input for ITR Schedule CG.

Reading older folios

If CAS shows folios from years past you don’t recall:

  • Old SIPs that auto-completed.
  • Older subscription channels (insurance-linked, branch-walked).
  • ELSS investments after lock-in.
  • Pre-PAN folios that got linked via MITRA or refresh.

Investigate or consolidate via MFU / MF Central .

See also

External references

References

  1. SEBI (Mutual Funds) Regulations, 1996.
  2. AMFI Best Practice Guidelines on CAS.
  3. Income Tax Act, 1961, Sections 112A, 111A, 50AA.

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The WebNotes Editorial Team covers Indian capital markets, payments infrastructure and retail investor procedures. Every article is fact-checked against primary sources, principally SEBI circulars and master directions, NPCI specifications and the official support documentation published by the intermediary in question. Drafts go through a second-pair-of-eyes review and a separate compliance read before publication, and revisions are tracked against the SEBI and NPCI rule changes referenced in the methodology section.

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