How-to
CAS reconciliation
folio cross-check
How to reconcile CAS with your individual MF folios
Reconciling your CAS with individual folio statements annually catches processing errors, missing folios, and (rarely) fraudulent transactions before they compound. It’s also useful for tax-filing accuracy.
Conflict-of-interest disclosure. This guide is published by WebNotes Editorial Team for informational purposes. WebNotes has no commercial relationship with any AMC or platform. No affiliate commission is earned.
Step-by-step procedure
See the procedure infobox above.
Why reconcile
| Reason | Frequency |
|---|---|
| Annual ITR filing accuracy | Once per FY |
| Detect processing errors | Quarterly |
| Detect fraudulent transactions | Semi-annual |
| Portfolio review / rebalancing | Annually |
| Pre-redemption sanity check | Before any large transaction |
Source priority
| Source | Authority |
|---|---|
| AMC Statement of Account | Authoritative for that folio |
| Joint CAS (CAMS+KFin) | Authoritative across folios at those RTAs |
| Platform dashboard | Operational view; can lag |
| Bank statement | Authoritative for cash flows |
For discrepancies, AMC SoA + CAS are the canonical sources; platform views are secondary.
Common reconciliation tasks
| Task | Approach |
|---|---|
| Total folio count | CAS index = manual count = AMC count |
| Total invested | Sum of subscriptions = ~bank debit total |
| Current portfolio value | Sum of (units × NAV) per folio |
| YTD capital gains | CAS capital gains summary = AMC capital gains statement |
| Specific transaction | Cross-check date, amount, NAV across all sources |
Discrepancy patterns
| Pattern | Likely cause |
|---|---|
| CAS missing a folio | Pre-PAN folio; mis-linked KYC; not on PAN |
| AMC has extra folio | Old folio not yet visible on CAS |
| Different NAV in different sources | Cut-off rule application difference |
| Bank debit but no MF transaction | Processing-stuck; check after T+3 |
| Folio shows as inactive | All units redeemed; AMC marked folio closed |
When to escalate
If reconciliation reveals an unresolved discrepancy:
- AMC level: contact investor service with folio + transaction reference.
- RTA level: contact CAMS or KFin investor service.
- SEBI level: file SCORES complaint if unresolved.
Most discrepancies are processing delays; resolve in 1-2 working days.
See also
- How to generate CAS (MF)
- How to read CAS
- How to fix CAS discrepancies
- How to compute XIRR for MF portfolio
- How to review MF portfolio annually
- How to rebalance MF portfolio
- How to retrieve forgotten MF folios
- How to consolidate folios at same AMC
- How to merge multiple folios
- How to link folio to PAN (MF)
- How to add old folio to platform
- How to handle STT on MF redemption
- How to track SIP history (MF)
- How to verify your first investment was successful
- Consolidated Account Statement
- Statement of Account (MF)
- Capital gains statement (MF)
- Folio number (MF)
- Applicable NAV cut-off rule
- Investor grievance escalation matrix
- CAMS
- KFin Technologies
- Mutual funds in India
- AMFI
- SEBI
External references
References
- SEBI (Mutual Funds) Regulations, 1996.
- AMFI Best Practice Guidelines on investor statements.
- SEBI Master Circular for Mutual Funds.