Investing in mutual funds (MFs) has become increasingly popular as a means of participating in the stock market. The Indian MF industry has witnessed substantial growth, with assets under management (AUM) reaching a remarkable 53.40 trillion as of March 31, 2023, according to data from the Association of Mutual Funds in India (Amfi). However, many investors face challenges in keeping track of their MF investments due to a variety of factors. These may include investing in multiple funds across different platforms, utilizing both demat and non-demat accounts, and creating multiple folios, which can lead to difficulties in tracking and managing investments. Consolidating your MF holdings in one place offers numerous benefits, including a centralized view of all your investments, simplified asset allocation and diversification, comprehensive performance analysis of your portfolio, and easier monitoring of assets, eliminating the need for multiple statements or logins. Additionally, consolidation facilitates better decision-making, as you can readily identify underperforming funds and rebalance your portfolio accordingly. Furthermore, it streamlines tax reporting and documentation. To generate a consolidated account statement (CAS) of your MF holdings, you can utilize one of three platforms: NSDL-CAS, CAMS/KFIN-CAS, and MFCentral CAS. NSDL-CAS is suitable for both demat and non-demat holdings across all mutual funds, while CAMS and KFIN offer similar services for non-demat holdings. MFCentral allows you to view both demat and non-demat holdings, however, demat holdings are updated weekly in the CAS, so it’s advisable to check for the latest transactions after seven working days. Before generating a CAS using these platforms, ensure that your contact details, including email and phone number, are up-to-date and consistent across all fund houses and platforms. This will facilitate easier fund redemption. Confirm that your email address is registered and validated with all MF houses to receive the CAS statement electronically. Verify that your PAN details are updated across all investments, as the CAS statement is generated based on your PAN. Additionally, ensure all folios are updated with the necessary details to avoid missing folios in the CAS statement. To generate a CAS using the NSDL-CAS platform, follow these steps: Visit nsdlcas.nsdl.com and subscribe to the eCAS services. Once subscribed, you will receive the CAS statement monthly via email. You can also generate it as needed by entering your PAN number, selecting “Track your CAS” on the NSDL-CAS website, entering your PAN and CAS ID, providing your email, selecting the date for the statement, and submitting the request. The NSDL CAS includes all your investments in the securities market, such as equity shares, MF units, bonds, and government securities held in demat form, along with details of your investments in MF units held in non-demat accounts. All investments made in single or joint names with you as the only or first holder can be viewed in NSDL CAS. The process for CAMS/KFIN-CAS is slightly different. Visit camsonline.com and navigate to the MF Investors section. Select the eCAS – CAMS + KFIN option and choose the type of CAS you want (summary or detailed). Enter the date for the statement, provide your email, set a password for the soft copy you will receive via email, and submit the request. CAMS and KFIN will then send you a copy of the e-CAS showing your current holdings across all mutual funds to your registered email address. Finally, for the MF CENTRAL-CAS platform, visit mfcentral.com and log in or sign up for an account using your PAN, email or phone number. Navigate to the statements section and select the type of CAS you want (summary or detailed). Enter the date for the statement and download the CAS. If you encounter any missing folios in any of these CAS statements, chances are they are not updated with your latest contact details. To rectify this, visit the nearest RTA office and request a contact update form. After submitting the request, your details will be updated within seven working days. For MF investments made prior to 2007, they may only have your residential address and bank details updated in the statement, as details like phone number, email, and PAN were not mandatory for MF investments at that time. In such cases, it may be challenging to track your MF holdings online. You can approach the RTAs for related AMCs to get the required details updated and view all your holdings. If you don’t remember your folio number, the AMCs where you have invested may assist you in finding your holdings using your name as per your PAN or Aadhaar, though this process may take some time. Alternatively, if you prefer a single platform for all your MF investments, you can view all your MF holdings in one place using that platform. By utilizing a single platform, such as CAMS KFIN, Demat, MFcentral, or an adviser’s platform, investors can have a centralized view of all their MF holdings, eliminating the need to search elsewhere.
Consolidate Your Mutual Fund Investments for a Clearer Picture
