How CAS is simplifying investment management by bringing all your securities together

The Consolidated Account Statement (CAS) reflects an investor’s total holdings and transactions across the securities market.

The past few years have witnessed an unprecedented boom in the Indian capital markets, attracting many first-time investors. India has over 20 crore demat accounts across the two depositories, while the mutual fund industry has over 24.89 crore accounts (as of August 2025).  The rise of new-age brokerage houses and new mutual fund schemes, coupled with the rapid pace of digitalisation of Indian securities markets, has led to multiple options for investors in terms of types of financial assets available for investing as well as services offered by the market intermediaries to their clients.

For many investors, keeping track of investments scattered across demat accounts, mutual fund folios, and asset classes can be overwhelming. Here, the Consolidated Account Statement (CAS) comes to their rescue by offering a single, unified statement. CAS reflects an investor’s total holdings and transactions across the securities market. Whether one invests in shares held through demat accounts maintained by either of the Depositories or holds mutual fund units in Statement of Account (SOA) form, CAS offers a consolidated view that enables better financial oversight and control.

CAS is generated based on an individual’s Permanent Account Number (PAN) and captures all demat and mutual fund activity where the holding pattern matches. This helps investors make informed decisions by offering a comprehensive snapshot of their asset allocation, performance, and activity. The concept of CAS was introduced following SEBI’s directive in November 2014, aligned with the Interim Budget’s vision of creating a unified financial asset record for every investor. It was formally implemented from March 2015, allowing investors to receive a monthly or half-yearly report integrating demat and mutual fund data spread across depositories and mutual funds. Depositories and mutual fund RTAs work in close coordination with each other to consolidate the data for each such eligible investor to generate CAS, thereby providing an integrated view.

CAS is generated monthly when any financial transaction occurs during that period in the demat account or mutual fund folios. In the absence of activity, the statement is issued half-yearly, typically in April and October, summarising holdings as of March 31 and September 30. Investors receive an electronic CAS (eCAS) by registering their email address with their Depository Participant (DP) and consenting to electronic communication. eCAS offers several advantages, like being faster, convenient, secure (password-protected), and environmentally responsible. Further, it comes from a trusted source of data maintained at the depositories and MF RTAs. Generation of CAS is a carefully curated activity involving thorough due diligence checks to ensure the highest standards of accuracy and reliability.

The CAS is dispatched by the default depository determined by which of the demat accounts was opened first. Investors with accounts in both depositories can choose to change their default provider by informing their DP. For Investors investing in mutual funds held in SOA form without a demat account, the CAS is issued by the Mutual Fund Registrar and Transfer Agent (MF-RTA). However, if all mutual fund holdings are dematerialised, the CAS is issued solely by the depository, and the MF-RTA sends no separate statement. Further, the standardised reporting format adopted in CAS eliminates the need to refer to multiple account statements in disparate formats and the need for manual consolidation of such fragmented statements across multiple sources.

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The CAS includes a wide range of information, such as share trades, purchases, redemptions, switches, Systematic Investment Plans (SIPs), dividend payments, bonuses, and other corporate actions, including New Fund Offers (NFOs), as well as important analytics. This consolidated data aids in performance monitoring and helps investors in making informed decisions. To support India’s linguistically diverse investor base spread across the breadth and width of the country and to make Indian investors ‘Atmanirbhar’, CAS is available in as many as 23 regional languages. It can be downloaded easily according to the language of choice of the investor.

Think of CAS as a mirror to your financial journey: transparent, comprehensive, and easy to understand. It is an essential tool that promotes financial awareness and discipline. As India’s investor population grows, the CAS serves as a cornerstone for building trust, enabling inclusion, and empowering investors in an increasingly digital and diversified financial landscape.

And with this growth, tools like CAS are not just conveniences, they’re essentials. If you haven’t already, register your email with your DP and start receiving your eCAS today.