CAS

A Consolidated Account Statement, or CAS, is a single monthly statement listing all mutual fund and demat holdings linked to one PAN, across every fund house and broker. NSDL or CDSL sends it by email. A CAS is the fastest way to see every market investment in one place.

The statement exists because Indian investments are scattered by design. Mutual funds sit in folios with different fund houses, shares sit in demat accounts with one or both depositories, and no single institution sees all of it. The CAS stitches these together using the one identifier common to everything: the PAN. A monthly CAS arrives by email whenever there has been a transaction, and a detailed half-yearly version arrives even without transactions.

CAS example

Priya invests through two platforms. Her SIPs run through one app into four fund houses, and she buys stocks through a broker whose demat account sits with CDSL. She has never opened a folio directly. Her monthly CAS from CDSL still shows all of it: every folio across the four fund houses, her demat holdings, the transactions for the month, and the closing value of each holding. Her fixed deposits and EPF do not appear, because a CAS covers only market-linked investments held against her PAN through the depositories and RTAs.

Common misconceptions about the CAS

Expecting everything to be on it

A CAS covers mutual funds and demat holdings. Bank balances, fixed deposits, EPF, PPF, NPS and physical assets are not on it. It is a market investments statement, not a full Net Worth statement.

Assuming it comes from the broker

The CAS comes from a depository, NSDL or CDSL, or from the RTAs for mutual-fund-only investors. Which one sends it depends on where the holdings sit. Two people using the same broking app can receive their CAS from different senders.

Ignoring it because the app shows the same thing

An app shows what was bought through that app. The CAS shows everything against the PAN, including old folios opened years ago and holdings bought through other platforms. It is the document that surfaces forgotten investments, which is exactly why it is worth opening.

Terms related to CAS

The institutions behind the statement are the depositories, NSDL and CDSL, and the RTAs who maintain mutual fund records. The holdings it lists live in demat accounts and folios.

Frequently asked questions about CAS

How do I get my CAS?

If your email is registered against your holdings, it arrives automatically each month there has been a transaction. It can also be requested on demand from the NSDL or CDSL websites, or through MF Central for mutual funds, using your PAN.

Why did my CAS come from NSDL when my broker uses CDSL?

The depository that holds the larger share of your holdings typically issues the consolidated statement. If you hold demat accounts on both, one of them consolidates across the two.

Is the CAS safe to share?

Treat it like a bank statement. It lists every market holding against your PAN with values, which is exactly the information a fraudster building a profile would want. Share it only with people and tools you trust.