Mutual Funds · CAS Guide · India 2026
How to Read Your
CAS Statement — Explained Simply
📅 April 2026⏱ 8 min read✎ CalcPhi Editorial Team
This article is for educational purposes only.
A CAS (Consolidated Account Statement) is a single document that shows all your mutual fund investments across all AMCs (fund houses) in one place. It is sent by CDSL (Central Depository Services) or NSDL (National Securities Depository) every month if you have made any transaction, and every half year regardless. Most investors receive it and never look at it — this guide changes that.
How to Get Your CAS
- Email: Auto-sent to your registered email. Check spam folder if you cannot find it.
- CDSL portal: Go to mycas.cdslindia.com. Login with PAN and OTP. Download full statement.
- NSDL portal: Go to consolidated.nsdl.com. Same process.
- MFCentral: Go to mfcentral.com. Login with PAN. Most user-friendly interface.
What Every Term in CAS Means
Folio Number
Your unique account number with a specific AMC. Like a bank account number but for mutual funds. Each AMC gives you a separate folio number. One folio can hold multiple funds from the same AMC.
Units
The number of shares you own in the fund. Every time you invest, you buy units at the current NAV price. Your total units increase with every SIP and decrease when you redeem.
NAV (Net Asset Value)
The price of one unit of the fund today. If NAV is ₹85 and you have 100 units, your investment is worth ₹8,500. NAV is updated every business day after market close at 9pm.
Cost Value / Invested Amount
Total amount you have actually invested (principal). This is the sum of all SIP instalments and lump sum investments made.
Current Value / Market Value
What your investment is worth today. Units x Current NAV = Current Value. If this is higher than Cost Value, you are in profit. If lower, you are in loss.
XIRR
Extended Internal Rate of Return — your actual annualised return considering the exact dates of every investment. This is the most accurate measure of how your SIP has performed. A 12% XIRR means your money grew at 12% per year on an annualised basis.
Unrealised Gain / Loss
The profit or loss on paper — if you were to sell everything today. It becomes "realised" only when you actually redeem. Unrealised gains are not taxed.
How to Read the Transaction History
| Transaction Type | What It Means |
|---|
| Purchase / SIP | You bought units. Units added to your folio at that day's NAV. |
| Redemption | You sold units. Units removed. Money credited to bank. |
| Switch In | Units received from another fund within same AMC. |
| Switch Out | Units moved to another fund within same AMC. |
| Dividend Payout | Cash paid to you. Taxed at your slab rate. Always prefer Growth plan. |
| STP In / STP Out | Systematic transfer plan — automatic monthly switch between funds. |
5 Things to Check Every Time You Get Your CAS
- All funds are showing Direct Plan. If any says "Regular," you are paying distributor commission. Switch to Direct.
- XIRR matches your expectations. For long-term equity SIP, expect 10–14% XIRR. Much lower? Evaluate the fund.
- No unrecognised transactions. If you see any purchase or redemption you did not authorise, contact the AMC immediately.
- Nominee is correctly listed. Update nominee for every folio if not done already.
- PAN and contact details are correct. Errors here can cause problems during redemption or tax filing.
💡 Calculate your XIRR: Your CAS shows XIRR for each fund. For most long-term SIP investors, XIRR of 10–14% on a Nifty 50 index fund is normal and healthy. Short-term XIRR can be misleading — always look at 5+ year XIRR for accuracy.
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Frequently Asked Questions
How often is CAS statement sent?+
CAS is sent to your registered email every month in which you have made a transaction (purchase, redemption, switch). Even without transactions, a half-yearly CAS is sent in April and October showing your complete portfolio. You can also generate it on demand at mycas.cdslindia.com anytime.
What is the difference between XIRR and CAGR in CAS?+
CAGR assumes a single lump sum investment at the start. XIRR accounts for the exact timing and amount of every SIP instalment — it is far more accurate for SIP investors. Always use XIRR to judge your mutual fund performance. A 12% XIRR on SIP is excellent; 12% CAGR on lump sum is also excellent but they are calculated differently.
My CAS shows some funds I do not recognise — what should I do?+
First check if you may have invested through a bank or distributor years ago — many old investments appear on CAS that investors have forgotten. If it is genuinely unrecognised, immediately contact the AMC shown (call their toll-free number) and file a complaint with SEBI SCORES (scores.gov.in). This could indicate identity theft.