SEBI’s notification dated 30th August 2011 have included sub-regulation no. 4 in regulation 36 mandating all Mutual Funds to issue Consolidated Account Statement (CAS) for each calendar month, on or before 10th day of the succeeding month. The same was followed by the Circular dated 8-9-2011 towards clarification.

The consolidation will take place based on the valid PAN of the unit holders with AMC / Registrar & Transfer Agent (RTA) and their identical holding pattern. Separate CAS will be issued for A, A with B and A with C etc.

1st CAS was to be issued by 10th November 2011. However, the same is expected to be issued by Mutual Funds in India by end of November 2011. Moreover, only KYC complied folios are likely to be considered for the 1st CAS. CAS will be issued monthly, on or before 10th day of the succeeding month. The transactions carried out in the previous month will be included.

Purchase/additional purchase, Redemption, Switch, Dividend payout, Dividend RI, SIP, SWP, STP (STRIP), Bonus and merger, if any.

Depending on the number of transactions, CAS will be issued in Inland or in A4 stationery using envelopes.

CAS will include investor information like name of all holders, address, Email ID, Mobile number (partly masked) etc. (PAN & Distributor code will not be printed). Transaction details will include Folio no, scheme, nature of transaction, amount, NAV, STT, Transaction charges, if any and units. The summary of the transacted Folios with closing balance of the units and the value of units will also be provided at the end of the CAS.

No; units issued in Demat including ETFs and Investment held in the name of minor will be excluded from CAS.

They will receive existing Account statement from Karvy as per the existing method or we may attempt to move on to CAS for non-PAN Folios as well.

In case of KYC compliant folios, the address as per KYC will be used; else the address as per the last transacted folio will be considered.

The sender’s address will be the printer’s address or his PO Box No, as may be decided by Association of Mutual Funds in India (AMFI).

In case of non-receipt of CAS, the investor need to mention Folio number and PAN and write to either uti@kfintech.com or service@uti.co.in.

Where the investor has opted for SoA through e-mail only, those folios may be excluded from physical CAS. However, 1st CAS in physical will be issued to them.

On the lines of transacted Folio, NIL transaction CAS will also be issued across the industry once in 6 months. The first such NIL transaction CAS will be sent in April 2012. Further, even in this case, for no PAN folios, individual Account Statements will be sent by the respective AMCs / RTAs

An addendum no No. - 31/2011-12 dated Oct 24, 2011 has been issued for the information of the investors. This becomes part of SID/SAI/KIM.

The e-CAS available through UTI MF website and on RTA website is consolidated based on the registered e-mail ID. PAN is used only as on optional field. However, in case of SEBI mandated CAS, consolidation is done based on PAN.

Yes, the service will continue for UTI MF Unitholders.

Investors may register email Ids and mobile numbers to continue receiving SoA/ transaction alerts through e-mail/SMS after each transaction. Investors should not share the copy of the CAS with any single AMC/RTA/distributors (in case of multiple distributors) in order to protect the data. Investors may ensure to update PAN and KYC of all the holders in order to receive CAS.