Sebi Makes Email Default Mode Of Sending CAS: Know All About CAS

Key Details Of CircularThe CAS shall be dispatched by email to all the investors whose email addresses are registered with the Depositories and AMCs/MF-RTAs. However, where an investor does not wish to receive CAS through email, the option shall be given to the investor to receive the CAS in physical form at the address registered with the Depositories and the AMCs/MF-RTAs.The depositories shall also inform the investor every quarter through the SMS mode specifying the email ID on which the CAS is being sent. Further, if there is any transaction in any of the demat accounts of the investor or any of his mutual fund folios, then CAS must be sent monthly.If there is no transaction in any of the mutual fund and demat accounts then CAS withholding details shall be sent to the investors by email on a half-yearly basis. For accounts with credit balance but no transactions during the year, a half-yearly statement of holding for the year shall be sent to the beneficiary owner through email, Sebi said.After the recent instance of alleged discrepancy at Groww brokerage between the amount deducted and the investment made, experts highlighted the importance of each investor meticulously reviewing their CAS every month.

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