SEBI Mandates Email Dispatch for Consolidated Account Statements from April 1

SEBI has mandated using email as the default mode for dispatching Consolidated Account Statements (CAS) starting April 1. This move aims to leverage digital technology for better communication and streamlining regulatory processes. Investors will receive their CAS via email unless they opt for physical copies.

In a significant move, the Securities and Exchange Board of India (SEBI) has decreed that effective April 1, email will be the default mode for sending Consolidated Account Statements (CAS). This initiative is part of SEBI's effort to tap into the increasing reach of digital technology and to streamline regulatory guidelines.

A Consolidated Account Statement provides a detailed record of an investor's financial transactions across all mutual funds and dematerialised securities. It will now be dispatched by depositories and Mutual Fund–Registrar and Transfer Agents (MF-RTAs) primarily through email.

While email becomes the standard mode of communication, investors who prefer physical copies can still opt for them. CAS will be emailed monthly if there are any transactions, or half-yearly if no transactions occur, ensuring investors remain well-informed of their financial activities.

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