When is a Consolidated Account Statement (CAS) dispatched to the investor?
A
Whenever the investor asks for a CAS
B
Bi-monthly for dormant investors
C
Every month, before the 10th working day of the following month
D
Whenever there is a transaction in the folio
Correct Option:
C
Explanation
A Consolidated Account Statement (CAS) is sent monthly if there has been at least one financial transaction during the month. It is dispatched on or before the 10th working day of the succeeding month. For investors with no transactions, the CAS is generally issued on a half-yearly basis.
