The Indian Mutual Fund Industry has implemented issuance of Consolidated Accounts Statement (CAS) to its investors. Commencing of the transactions from the month of October 2011, CAS will be issued as a monthly statement to investors, if there are any transactions during the month.
The consolidation of folios is on the basis of PAN provided by the investors. This is in compliance with the amendment in SEBI Regulations with regard to issuance of monthly Consolidated Accounts Statement.
Mr. H. N. Sinor, Chief Executive, AMFI (Association of Mutual Funds in India) said, “This is an investor friendly initiative to allow investors a single window view of all their transactions in Mutual Funds”
For detailed FAQ on CAS, investors can visit www.amfiindia.com
ABOUT AMFI:
AMFI, the apex body of all the registered Asset Management Companies was incorporated on August 22, 1995. As of now, AMFI has 44 Asset Management Companies as its Members.
AMFI functions under the supervision and guidance of a Board of Directors and has Non-Executive Chairman and Vice-Chairman who are elected from its members. AMFI has developed a unique style of carrying out its activities through various Committees
The Association of Mutual Funds in India (AMFI) is dedicated to developing the Indian Mutual Fund Industry on professional, healthy and ethical lines and to enhance and maintain standards in all areas with a view to protecting and promoting the interests of Mutual Funds and their Unit holders.
The consolidation of folios is on the basis of PAN provided by the investors. This is in compliance with the amendment in SEBI Regulations with regard to issuance of monthly Consolidated Accounts Statement.
Mr. H. N. Sinor, Chief Executive, AMFI (Association of Mutual Funds in India) said, “This is an investor friendly initiative to allow investors a single window view of all their transactions in Mutual Funds”
For detailed FAQ on CAS, investors can visit www.amfiindia.com
ABOUT AMFI:
AMFI, the apex body of all the registered Asset Management Companies was incorporated on August 22, 1995. As of now, AMFI has 44 Asset Management Companies as its Members.
AMFI functions under the supervision and guidance of a Board of Directors and has Non-Executive Chairman and Vice-Chairman who are elected from its members. AMFI has developed a unique style of carrying out its activities through various Committees
The Association of Mutual Funds in India (AMFI) is dedicated to developing the Indian Mutual Fund Industry on professional, healthy and ethical lines and to enhance and maintain standards in all areas with a view to protecting and promoting the interests of Mutual Funds and their Unit holders.
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