Information issued by the mutual fund house that investors can use to track investments

One can invest in mutual funds online or offline, directly or through a distributor. Once done, one should keep track of their investments by regularly checking the following information made available by the fund house.

Account statement

This statement is sent by the fund each time a purchase/redemption/exchange is made. It provides details of the folio, the nature of the transactions, the opening and closing balances of the units, the applicable net asset value, the applicable charge (if any) and the current value of the investment. The account statement can be kept as a record.

Declaration of capital gain

A capital gain declaration can be requested from the fund house. Typically, when an investor enters into a redemption transaction, either short-term or long-term capital gains tax will apply, depending on how long the investment has been held. This statement provides details of the date of purchase, redemption, cost, net asset value at the time of redemption and applicable capital gain.

Fact sheet

The fact sheet is published by the mutual fund every month and provides relevant information about the schemes such as portfolio, assets under management, performance data, various risk and performance measurement ratios. This data is useful for comparing the plan’s performance with similar plans of other mutual funds.

Investor communications

Changes made by the fund are communicated to investors. These can include change of fund manager, expense ratio, load, risk rating, etc. These changes can have an impact on the performance of the plan.

Point to note

A statement known as the Consolidated Statement of Account (CAS) is sent to investors at the end of each month, with details of holdings in all fund houses and schemes and records of transactions.

Content on this page is courtesy of the Center for Investment Education and Learning (CIEL). Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.

Dolores W. Simon