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Monday, November 28, 2016

E-CAS for Mutual Funds


The consolidated account statement (CAS) consists of record of transactions and holdings of an investor in demat accounts held with NSDL and or CDSL, and in units of mutual funds. Of late, the CAS has also been including insurance policies held in e-insurance accounts. CAS is sent to the investor in the month following the month in which an investor carried out a financial transaction with respect to investments.

Paperless CAS

Instead of receiving CAS in hard copy, investors can sign up with NSDL to receive their consolidated account statement by email on their registered email id by using the E-CAS facility.

Link

Investors can access https:nsdlcas.nsdl.com and click on NSDL E-CAS to sign up for this facility.

CAS ID

In order to subscriber for e-CAS, one needs to know the CAS ID. CAS ID can be found out by clicking on the "Know your CAS ID" tab. The investor is prompted to provide his PAN, DP Name and ID and Client ID. Once the fields match, the CAS id is displayed on the screen. This id may be noted for future reference.

Subscribing to E-CAS

Once the CAS ID is known, the investor can subscribe to E-CAS by entering the CAS id and the PAN. On clicking the "Submit" button, the investor is prompted to choose the mobile number on which the one-time password can be sent for authentication.OTP received on the mobile must be entered to authenticate and proceed. Further the investor's Email id is registered. The investor is required to accept the terms and conditions for e-CAS. On completion of all these steps, this service gets activated.


If the investor wants to go back to receiving the CAS in physical mode, he can approach the depository to get this done.

The E-CAS is a password-protected file and one needs to enter PAN in capital letters as password to open the file.










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