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NISM Certifications · NISM-Series-V-A: Mutual Fund Distributors · Investor Services

An investor wants to receive a Consolidated Account Statement (CAS) covering all mutual fund investments made across different fund houses under one PAN. Which entities generate this statement for mutual fund investors?

A consolidated account statement covering investments across fund houses under one PAN is generated by the depositories and the designated registrars and transfer agents. A single AMC sees only its own schemes, so it cannot produce a statement across different fund houses.

  1. AOnly the AMC of the scheme with the largest holding
  2. BDepositories and the registrar and transfer agents (RTAs) designated for the purposeCorrect
  3. COnly the Association of Mutual Funds in India
  4. DOnly the investor's bank where the folio was funded

Explanation

CAS across fund houses is generated on PAN basis by the depositories and the RTAs (CAMS and KFintech) under SEBI's framework. An AMC alone sees only its own schemes, so it cannot give a cross-fund-house view. AMFI and banks do not generate CAS.

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