How to generate consolidated statement for all investments
For those investing in MFs through multiple apps or platforms, it is important to regularly monitor their investments. Having all information in one place helps investors manage their investments.
ELSS mutual funds carries a lock-in period of only 3 years. (Photo Credit: iStock)
Investment in mutual funds has grown rapidly. The likelihood of getting good returns is one of its most important reasons. If the option of a debt mutual fund is available for short-term, then for long-term investments, there is equity mutual funds. Mostly, we invest through 2-3 fintech apps. In such cases, keeping track of all mutual fund investments together becomes difficult.
Therefore, we will tell you about some methods through which you can track all your Mutual Fund Investments. Whether it’s SIP or lumpsum investment, you will be able to track them together. But before that, let’s take a look at the increasing popularity of mutual funds.
According to the organization AMFI (Association of Mutual Funds in India), as of April 30, 2024, the Assets Under Management (AUM) of the mutual fund industry in India was Rs. 57.26 lakh crores. Ten years ago in 2014, this figure was Rs. 9.45 lakh crores. Which means, there has been more than a six-fold increase in investments.
For those investing in mutual funds through multiple apps or platforms, it is important to regularly monitor their investments. Having information about all mutual funds holdings in one place helps investors manage their investments.
Manage your investments at one place
There are platforms like NSDL-CAS, CAMS/KFIN-CAS Platform, and MF Central where you can view all your Mutual Fund Investments together.
- First, let’s talk about NSDL-CAS. On this platform, you can generate a Consolidated Account Statement (CAS) of your mutual fund holdings. You need to follow a few steps for this.First, visit the NSDL-CAS website – nsdlcas.nsdl.com and subscribe to eCAS services. Once subscribed, you will receive the CAS statement via email every month.Additionally, whenever you want to check the statement, you can go to the “Track your CAS” section on the same site, enter your CAS ID, PAN, and email address, choose the statement date and submit the request.NSDL CAS provides complete information about your investments in the securities market. It includes shares, mutual funds, bonds and government securities, providing information about investments made in all these.
- On the other hand, generating CAS on the CAMS/KFIN-CAS platform is slightly different. For this, visit the camsonline.com site, go to the MF Investors section. Choose the CAS-CAMS + KFIN option in this section and select the type of CAS you want – Summary or Detailed form. Then enter your email ID. Set a password for the soft copy of the statement which you will receive via email and submit the request. After submission, CAMS and KFIN will send a copy of your e-CAS to your registered email, containing information about all your mutual fund holdings.
- Now, let’s talk about the third platform, MFCentral. This platform provides information about your holdings quite easily. For this, visit mfcentral.com and sign up using your PAN and email or phone number. Then go to the “Statements” section and select the type of CAS – Summary or Detailed form. Finally, enter the date for the statement and easily download your CAS.
With the help of these platforms, you can easily track your mutual fund investments. The benefit of this is that it will help you make better decisions related to investments. Review your mutual fund portfolio at least once a year, so that changes can be made in financial planning as per the requirement.
Published: June 28, 2024, 16:17 IST
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