How investors can view all MF holdings in one place

Getting a centralized view of all MF holdings in one place can make a lot of things easier

Mutual funds (MFs) have fast become the preferred vehicle of investment for people wanting a slice of the stock market action. So much so that the MF industry in India has witnessed exponential growth, with assets under management (AUM) reaching an impressive ₹53.40 trillion as of 31 March, going by data put out by the Association of Mutual Funds in India (Amfi). Yet, unlike with their bank accounts, many people find it tough to keep track of their MF investments for various reasons.

Typically, people invest in multiple funds across fund houses through various platforms and using both demat and non-demat accounts. This can lead to the creation of multiple folios, making it a challenging task to track and manage their investments. Getting a centralized view of all your MF holdings in one place can make a lot of things easier.

Such a centralized view also helps with asset allocation and diversification, besides performance analysis of your portfolio. It simplifies monitoring of assets, as you no longer need to track multiple statements or logins. Moreover, it facilitates better decision-making, as you can easily identify underperforming funds and rebalance the portfolio accordingly. Additionally, such consolidating also helps streamline tax reporting and documentation.

To generate a consolidated account statement (CAS) of your MF holdings, you can use three platforms: NSDLCAS, CAMS/KFIN-CAS, and MFCentral CAS. NSDL-CAS is suitable for both demat and non-demat updated holdings across all mutual funds. CAMS and KFIN also offer a similar service for non-demat holdings. In case of MFCentral, you can view demat and non-demat holdings. However, demat holdings in MFCentral are updated once a week in the CAS. Hence, check your latest transactions after seven working days.

Before generating CAS using these platforms, ensure your contact details, including email and phone number, are updated and are the same across all fund houses and platforms. This will also facilitate easier redemption of funds. Confirm that your email address is registered and validated with all MF houses to receive the CAS statement electronically. Verify your PAN details are updated across all investments, as the CAS statement is generated based on your PAN. Also, ensure all folios are updated with all the required details to avoid missing folios in the CAS statement.

To generate CAS using the NSDLCAS platform, you need to follow a few simple steps. First, visit nsdlcas.nsdl.com and subscribe to the eCAS services. Once subscribed, you will receive the CAS statement monthly on your email. You can also generate it as needed by entering your PAN number by selecting “Track your CAS” on the NSDLCAS website, enter your PAN and CAS ID, provide your email, select the date for the statement, and submit the request. All investments made in single or joint names with you as the only or first holder can be viewed in NSDL CAS

For the CAMS/KFIN-CAS platform, the process is slightly different. You need to visit camsonline.com and navigate to the MF Investors section. Then, select the eCAS - CAMS + KFIN option and choose the type of CAS you want (summary or detailed). Enter the date for the statement, provide your email, set a password for the soft copy you will receive on mail, and submit the request. CAMS and KFIN will then mail you a copy of the e-CAS showing your current holdings across all mutual funds to your registered email address.

Lastly, for the MF CENTRAL-CAS platform, you can visit mfcentral.com and login or sign up for an account using your PAN, email or phone number. Then, navigate to the statements section and select the type of CAS you want (summary or detailed). Enter the date for the statement and download the CAS.

If you have any MF investments made before 2007, these investments might only have your residential address and bank details updated in the statement. Because details like phone number, email and PAN were not mandatory for MF investments back then. “In these cases, it is difficult to track your MF holdings online. Investors need to approach the RTAs for related AMCs to get the required details updated and view all your holdings. If you don’t remember your folio number, The AMCs where you have made investments might help you find your holdings using your name as per your PAN or Aadhaar which might take quite a long time,” says Kartik Sankaran, founder of FiscalFitness, an MF distributor.

Besides this, if you prefer one single platform for all your MF investments, you would get to view all MF holdings at one place using the same platform.

“If investors use one single platform, be it CAMS KFIN, Demat, MFCentral or any other adviser’s platform, they can have a centralized view of all their MF holdings at the same platform, without the need to search elsewhere,” says Amol Joshi, another MF distributor.

(For an extended version of this story, go to livemint.com)

A centralized view helps with asset allocation and diversification, besides performance analysis

A will is an instrument of testamentary disposition of property whereby one transfers or bequeaths his property to the named beneficiaries on his death. At the time of testing the will for its validity, your friend—the testator, shall not be alive. A will is required to fulfil the requirements under the relevant provisions of Indian Succession Act, 1925 and the Indian Evidence Act, 1872 .

For this, the testator has to sign his will and it is mandatory to get it attested by two or more witnesses, though no particular form of attestation is necessary. Besides, each of the attesting witnesses must have seen the testator sign or affix his mark to the will. Also, each of the attesting witnesses shall sign the will in the presence of the testator. However, the presence of all witnesses at the same time is not required.

For proving the execution of the will, at least one of the attesting witnesses, who is alive, subject to the process of court, and capable of giving evidence, shall be examined. The law provides that if a document is required by law to be attested, it shall not be used as evidence until one of the attesting witness at least has been called for the purpose of proving its execution, if there be an attesting witness alive.

If one attesting witness is examined and he fails to prove the attestation of the will, there shall be deficiency in meeting the mandatory requirements of the relevant provisions of the Evidence Act and validity of the willshallfail. Therefore,awitness has to understand the importance of being a witness to the will.

Aradhana Bhansali is partner, Rajani Associates.

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