NISM Certifications · NISM-Series-V-A: Mutual Fund Distributors · Investor Services
Which document must a mutual fund send to an investor after every financial transaction, other than the transaction confirmation, in the form of a periodic statement, for investors who have made a transaction during a month?
A Consolidated Account Statement is sent for each month in which an investor has made a financial transaction. It consolidates holdings and transactions across mutual funds. The SID and KIM are offer documents, and the annual report is a yearly disclosure, not a transaction statement.
- AConsolidated Account Statement (CAS) for the monthCorrect
- BScheme Information Document
- CAnnual Report of the AMC
- DKey Information Memorandum
Explanation
Under SEBI rules, a Consolidated Account Statement covering transactions across mutual funds is sent for each month in which there has been a financial transaction. The SID and KIM are offer documents and the annual report is a yearly disclosure, not a transaction statement.
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