What is a CAS statement?
A CAS statement is the one document that tells you, with certainty, every mutual fund you own — regardless of which app you bought it through or which fund house runs it. If you've ever tried to list your holdings from memory, this is the document that proves you were wrong about at least one of them.
The short definition
CAS stands for Consolidated Account Statement. It's a single PDF, issued jointly by CAMS and KFintech — the two Registrar and Transfer Agents (RTAs) that handle back-office processing for nearly every mutual fund house in India — and it's tied to your PAN, not to any one broker, app, or fund house.
That last part is what makes it useful. Whether you bought a fund through a distributor in 2015, a direct plan on a discount app in 2021, or your employer's retirement platform, if the investment is under your PAN, it shows up on your CAS. Regular plans and direct plans, active SIPs and funds you forgot you held — all of it, in one file.
What's actually inside it
A CAS is organized by folio — the account number a fund house assigns you for a given scheme and holding pattern. For each folio, it lists the fund name, the plan type, the number of units you hold, and the current value based on the latest available NAV.
Underneath that summary sits the part that matters most for any real analysis: the complete transaction history for every folio. Every purchase, every redemption, every SIP instalment, every dividend payout, every switch between schemes — each with its own date and amount. This is not a snapshot; it's a ledger.
That transaction-level detail is what separates a CAS from a portfolio-value screenshot. A screenshot tells you what something is worth today. A CAS tells you when every rupee went in and came out, which is the raw material you need for anything more precise than "it went up."
Not the same as a demat CAS
There are, confusingly, two things called "CAS" in Indian investing, and it's worth being precise about which one you're holding. The mutual-fund CAS — the one this guide is about — is generated by CAMS and KFintech and covers only mutual fund folios: units, NAV-based values, and MF transactions.
A separate, fuller statement also exists under AMFI and SEBI rules that merges your mutual fund holdings with your demat holdings — stocks, ETFs, bonds — held with NSDL or CDSL. That version is issued by the depositories, not the RTAs, and it's the one you'd want if you're trying to see equities and mutual funds side by side.
For goal mapping and return calculations, the mutual-fund-only CAS is what you need, and it's what the rest of this guide — and Earmark — is built around. If a portal gives you a choice, that's the one to pick.
Why it's the starting point for everything else
Most investors who've been putting money into SIPs for five or ten years genuinely don't know their own portfolio anymore — a fund started on a colleague's recommendation, another opened during a tax-saving rush in some March, a couple of SIPs paused and forgotten. A single fund house's statement only shows you what you hold with them. A CAS is the only document that shows the whole picture at once.
It's also the raw input for anything that requires real transaction dates rather than a single "invested vs. current" number — most importantly, computing your actual annualised return via XIRR rather than CAGR, which you can do directly with the XIRR calculator. It's downloadable free from CAMS, KFintech, or the joint MF Central portal — see how to download your CAS for the exact steps. Earmark reads that same file to map every fund you already own to the goals you're actually saving for.
Common questions about CAS statements
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