Quantum Mutual Fund Investment Tracking Just Got Simpler!

Posted On Monday, Nov 07, 2011


Simplicity, as some say, is the best virtue. While we constantly strive to bring you the best service and products, we also try to ensure that your investment process is quick and simple. And to further simplify your investment experience, we had earlier brought you our completely paperless "Invest Online" platform, followed by the opening of our first office in Chennai.

While we shall continue to make your mutual fund investment convenient, this time SEBI and AMFI bring you a chance to rejoice.

Your mutual fund investment tracking just got simpler!

As a mutual fund investor, you may have investments across various fund houses. Now we all understand that managing and tracking your fund investments spread across various mutual funds is a difficult task. So, to unburden you of such complex scrutiny of your fund house`s funds and as per the regulatory authorities` initiation, we along with other fund houses, will be sending out the monthly Consolidated Account Statement (CAS) to those investors who have made folio transactions during that month, starting October 1, 2011. This means, you will now receive a monthly Consolidated Account Statement (CAS) for the transactions made by you across all mutual fund schemes in your portfolio, the balance holdings and transaction charges (if any) etc by the 10th of the following month. In case you hold units in the Demat form, we shall not be sending you a CAS. However, you will receive a statement of the holdings from your depository participant (DP) from time to time, depending on your transactions.

Wouldn`t it be easier to view all your transactions in one consolidated statement?

As you must be aware, a PAN card is mandatory for mutual fund investments (other than Micro SIP investments). And this is probably another area where your PAN card comes handy, as your CAS will be generated based on your PAN number across your mutual funds. Do take care that the unit holders and the order of holding (in terms of first, second and third holder) is similar. So, if you want to include all your mutual funds in one statement, ensure that you have a valid PAN number and update it with all your mutual fund investments.

Here are a few important points you should know:

  • Only those folios with valid PAN numbers available for all holders shall be considered for CAS. In case of investments made on behalf of a minor or for folios without a valid PAN, a separate account statement will be sent. In case of folios with demat holdings, the account statement will be sent directly by the respective depository participant (DP) as specified or requested by you.

  • CAS will include all types of financial transactions (including systematic transactions, dividend reinvestments, NFO purchases, mergers, bonus etc) but will not include Non-financial transactions.

  • CAS will also contain a summary of all holdings in the transacted folios but will not include holdings in folios in which no transactions took place during the month.

  • CAS shall be sent to the address available in the KYC folio where the last transaction was recorded. However, if the KYC is not available in any of the folios, the address in the folio with the latest transaction will be considered.

  • Sensitive information such as PAN, bank account details, etc. will not be provided in CAS. The nomination status (without nominee details), mode of holding, email id, mobile number (masked), scheme UCC & ISN however, will be provided in CAS.

What is CAS delivery period and process?

CAS will be sent on or before the 10th calendar day of the following month only in case there is a transaction that has taken place in the previous month. The first CAS statement shall be dispatched around 10th November, 2011 covering transactions processed in October, 2011.

Additionally, we will also be sending electronic transaction confirmations via email/SMS (as requested by the investor and if the mobile number is not registered under Do Not Call registry) within five working days from the date of receipt of the transaction request.

P.S. You will receive the statements of the first 2 months (October and November) as opted by you; in the physical format or via email. However, we shall continue to send you your daily/weekly account statements as opted (physical statement or via email) till CAS process is completely stabilized.

The Consolidated Account Statement facility initiated by the regulatory authorities surely looks at simplifying your journey towards a better investment experience. At Quantum, we too look forward to enhancing your investment experience and will continue to add more services and facilities in the future.

Risk Factors: Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Please visit – www.quantumamc.com/disclaimer to read scheme specific risk factors. Investors in the Scheme(s) are not being offered a guaranteed or assured rate of return and there can be no assurance that the scheme`s objective will be achieved and the NAV of the scheme(s) may go up or down depending upon the factors and forces affecting securities markets. Investment in mutual fund units involves investment risks such as trading volumes, settlement risk, liquidity risk, default risk including possible loss of capital. Past performance of the Sponsor / AMC/ Mutual Fund does not indicate the future performance of the Scheme(s). Statutory Details: Quantum Mutual Fund (the Fund) has been constituted as a Trust under the Indian Trusts Act, 1882. Sponsor: Quantum Advisors Private Limited. (liability of Sponsor limited to Rs. 1,00,000/-) Trustee: Quantum Trustee Company Private Limited. Investment Manager: Quantum Asset Management Company Private Limited (AMC). The Sponsor, Trustee and Investment Manager are incorporated under the Companies Act, 1956.

Above article is authored by Quantum.

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