Consolidated Account Statement

Consolidated Account Statement is a single account statement that reflects alltransactions of a unit holder in allfolios across allschemes of allmutual funds.  

The first CAS statement shall be sent in the month of November 2011 covering all your transactions in October 2011. Thus, CAS will be sent every monthgoing forward, for your transactions during a calendar month and dispatched to you before the 10th of a succeeding month.  

CAS is absolutely free of charge to a unit holder  

Investors will be identified across fund houses by their permanent account number - PAN for the purposes of a Consolidated Account Statement. Holding pattern in the folios determines CAS. For example if unit holders A, B and C are all unit holders in a particular folio, all folios within the Fund House and across mutual funds with a similar holding patternwill be classified for consolidation purposes  

CAS will include only those folios in which financial transactions have taken place during the month. e.g. if you have three folios and but you transact in only two folios during the month, then CAS for the month will include only the two folios and not the folio where there were no transactions.  

CAS will include all types of financial transactions like subscriptions including NFOs, redemptions including those under fixed maturity plans, switches, systematic transactions like SIP, SWP, STP etc, dividend payouts or reinvestments, etc.  

CAS will not be sent for Non-Financial transaction like change of bank mandate, contact details, updation of nominee etc. However, a separate communication will be sent to you for these transactions  

Address changes, if any, will reflect in your statement and CAS will be sent to the new address. However, please note that the address available with our Registrar and Transfer Agent as on the date of consolidating your statement will be considered for mailing. In the event of the address being changed at any other time, your next CAS will be sent to the new address  

Transactions routed through the exchange mechanism and those submitted to us with a request to demat the units, will not be included in the CAS. A demat account statement, issued by your depository participant, should reflect the units towards such transactions.  

 

Apart from details of financial transactions, opening and closing unit balances in each folio, CAS will also reflect the email id registered, nominee registration status, mode of holding, KYC status, etc. In the interest of the security of your data certain sensitive information like registered bank account details, nominee name, PAN and contact details will not be included in CAS.  

HDFC Mutual Fund will continue to send an account statement first time for every new folio separately with all details registered (these will be unmasked) in the folio. This will help you to verify all the details. Additionally, as mentioned earlier in this FAQ, a separate communication will be sent to you as and when you request for changes in any of the registered details like change in bank account, address, contact details, nomination etc.  

 

For all folios, which are KYC compliant, CAS will be sent to the address of the investor as used while filling up the KYC application form. However, for non KYC folios and all presumably have different addresses, they will get consolidated (basis being PAN exists in all folios). CAS will be sent to the address registered in the folio where the last financial transaction took place. We strongly urge you to update your PAN and KYC details in all folios in across mutual funds by approaching respective mutual funds or their Registrar and Transfer Agents (RTA). This will enable you to take the unique advantage of a CAS - a unified / single view of your entire Mutual Fund holdings  

Currently a physical CAS will be sent by post, even if an email id is registered in any or all folios. Very shortly, CAS will be sent via email to the email id registered in any of the folios. We strongly urge you to verify the email ids (registered in each folio) and update a single email id across all folios, for better convenience.  

If your mail bounces, a physical statement will be printed and dispatched to your registered address  

In addition to CAS, you will continue to receive account statements electronically after each financial transaction but within 5 working days in folios with registered email ID's. Where folios do not have a email registered, a monthly CAS will be sent. However, you are free to request for a statement whenever you wish to and we will dispatch the same to you.  

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To avoid such situations where folios are excluded, we once again urge you to take stock of all your folios across mutual funds and ensure that your KYC status is updated, PAN is verified, e-mail IDs and Mobile numbers are provided, for us to provide better service and convenience to you.

• If you find some of your folios are not reflected in CAS, please check the following Whether the folio has any financial transaction, as CAS includes only the folios with financial transactions
• If yes, whether the PAN of all the unit holders has been updated in the folio?
• If no, you should get PAN of all unit holders updated in the folio/s for future inclusion in CAS.
• If PAN is already updated, you can check with the respective mutual fund about the discrepancy.

You can approach the respective Mutual Fund/s (where there is a discrepancy in a particular folio with a Fund) for any discrepancy in financial transactions, folio details printed in CAS or for any other queries.

Unit holders whose folios do not have a financial transaction in a half-year period ending September or March will be sent a CAS in the following month, detailing the holding at the end of such six month period.

Currently this provision is not offered to investors,  

You will receive transaction level account statements / transaction confirmations electronically (i.e. if an email ID is registered or a mobile number is available) after each such financial transaction but within 5 working days. Unit holders whose folios have no email id registered will receive a monthly CAS. Nevertheless, you may request for a folio level statement of account whenever you wish and we will dispatch the same to you.