Your money is scattered. Stocks sit in your demat account, mutual funds live in a handful of folios, your fixed deposits sleep in a bank app you barely open, and your insurance policies… you think you know where they are. If you have ever wished for one screen that showed everything, the markets regulator is listening.

On 15 October 2026, SEBI chairman Tuhin Kanta Pandey told the SAMVAAD Summit that the Securities and Exchange Board of India is working on proposed changes to the Consolidated Account Statement — the CAS — with a consultation paper on its way. The goal: a single consolidated view of stocks, mutual funds, bank deposits and insurance policies. Here is what the CAS is today, what is being proposed, and what it could mean for how you track your money.

Quick Answer

SEBI chairman Tuhin Kanta Pandey said on 15 October 2026 at the SAMVAAD Summit that the regulator is working on changes to the Consolidated Account Statement so investors can see stocks, mutual funds, bank deposits and insurance in one place. A working group is studying the proposals and a consultation paper will follow. Nothing is final yet.

What is a CAS today?

The Consolidated Account Statement (CAS) is an account statement issued by India's depositories — CDSL and NSDL — that pulls together your investments in the securities market in one document.

Today, the CAS combines all your demat accounts held with both CDSL and NSDL with your mutual fund units held in Statement of Account (SOA) form across fund houses. You do not need to ask for it. If you transact in any demat account or mutual fund folio during a month, your CAS arrives at your registered email for that month; with no transactions, it comes half-yearly.

In practice, the CAS is the depository's own record of what you own — it overrides whatever a broker's app shows. That is why it is the authoritative document when something looks wrong: the free, pledged and lien balances for each security are what the depository says, and the depository's word is final.

What the CAS shows — and what it misses

A standard CAS is surprisingly detailed: your name, registered address, PAN and KYC status across folios; every folio number with the scheme name, AMC and plan type (direct or regular); transaction history covering purchases, redemptions, SIP instalments, switches and dividend payouts; unit holdings with current NAV, cost and market value; nominee status (vital for estate planning); and a summary aggregating total investment value across schemes and AMCs.

What it does not show is everything else in your financial life. Bank deposits, insurance policies, real estate, gold and PPF are all outside the CAS today. The statement covers the securities market and stops there — which is exactly the gap the proposed changes aim to close.

How to download your CAS right now

You do not need to wait for any upgrade to start using the CAS. All electronic statements are free, via several official routes:

  • Via CDSL: visit cdslindia.com/cas/logincas.aspx, enter your PAN, 16-digit demat account number and date of birth, verify the OTP sent to your registered mobile number, then select the period and download. The PDF is password-protected; the password is your PAN in capital letters.
  • Via NSDL: use eservices.nsdl.com (register once for IDeAS, then choose View/Download eCAS) or nsdlcas.nsdl.com, where you can subscribe to regular e-CAS or use "Know your CAS ID".
  • Via CAMS or KFintech: for mutual-fund-only statements, CAMS (camsonline.com) and KFintech (mfs.kfintech.com) generate a combined CAS delivered as a password-protected PDF to your registered email within minutes.
  • Via MF Central or DigiLocker: AMFI's mfcentral.com brings CAMS and KFintech data under one OTP login; digilocker.gov.in also serves CAS through PAN-linked credentials.

One practical tip for all routes: keep your PAN, registered email ID and mobile number identical across every folio, or the PAN-matching process will fail.

What SEBI is proposing

At the SAMVAAD Summit on 15 October 2026, chairman Pandey outlined the direction:

  • A SEBI working group is examining proposals to improve the CAS framework, and the regulator will issue a consultation paper. Pandey noted he had earlier said the framework would be out in a week — "and it's not one week yet" — signalling the working group's report is expected soon, though no firm date has been announced.
  • SEBI has written to the IRDAI chairman seeking the inclusion of insurance information in the consolidated statement — the biggest proposed expansion: life and health policies alongside market investments.
  • Following the RBI's announcement, depositories CDSL and NSDL will get access to bank deposit information on a consent basis — your FD and savings balances would appear only if you permit the data sharing.

The underlying idea, as Pandey put it: individuals should have a clear understanding of their financial position and be able to use their own information. This sits alongside the RBI's 8 October 2026 Account Aggregator interoperability announcement, which brought bank deposits into the CAS conversation through the consent-based AA framework. SEBI's side adds the securities-market plumbing and the insurance layer.

Why this matters: the scale of the problem

Pandey put some striking numbers on the table. The number of unique investors in India has grown fourfold to 150 million — 15 crore — and there are 6.6 crore unique mutual fund investors. At a compound annual growth rate of 14–15 per cent, he said, the mutual fund investor base could reach 24–26 crore within ten years.

Fifteen crore investors, many first-generation market participants, hold demat accounts across two depositories, folios across dozens of fund houses, deposits across multiple banks, and policies from multiple insurers. Consolidating all of that is a do-it-yourself exercise today — spreadsheets, screenshots, and whatever each institution's app shows. A single, regulator-backed statement would replace guesswork with one authoritative record.

Pandey also linked the CAS work to investor awareness: SEBI's campaign sent nearly 44 crore messages over nine days, aiming to help people manage portfolios and avoid frauds. A single statement is a fraud-prevention tool too — much harder to miss an unauthorised debit when everything is on one page.

What's proposed versus what's final — don't mix them up

This is the part worth reading carefully, because premature certainty is the internet's favourite trap.

What is confirmed: a working group is studying the proposals, a consultation paper is coming, SEBI has written to the IRDAI chairman, and CDSL/NSDL will get consent-based access to bank deposit information following the RBI's announcement. The statements came from the SEBI chairman at a public summit on 15 October 2026.

What is not confirmed: the consultation paper's contents, any effective date, whether insurance inclusion will be mandatory or consent-based, and how the consent mechanics will work. None of this has been issued as regulation.

The safe way to think about it: the direction is decided, the details are not. Treat any post claiming specific dates or guaranteed features as speculation until the consultation paper lands on sebi.gov.in.

What you can do now

The proposed upgrade is about the future, but the current CAS is already one of the most useful documents an Indian investor can read:

  • Download your CAS this week. Confirm it covers all your demat accounts and folios. If something is missing, your PAN or contact details probably differ across folios — get them unified.
  • Check nominee status. The CAS flags folios where nomination is incomplete. Nomination is one of the cheapest estate-planning wins available.
  • Reconcile against your apps. If your broker's app and the CAS disagree, the CAS is the depository's own record — raise the discrepancy with your depository participant in writing.
  • List what's outside the CAS today. Bank deposits and insurance sit outside the current statement. Note where they live now so you have your own consolidated view while the regulators build the official one.
  • Wait for the consultation paper. Read what is actually proposed before reshaping any habit around it. Proposals change between paper and regulation.

The CAS upgrade is one of those rare regulator moves that serves the investor directly. Whether the final version delivers the promise will depend on what the consultation paper says — and this blog will cover it when it arrives.

Disclaimer: This article is for educational purposes only and is not financial advice. Please consult a SEBI-registered investment adviser for personalized guidance. Investments are subject to market risk.

Ready to start?

1. Download your Consolidated Account Statement from the CDSL or NSDL portal and check that every demat account and mutual fund folio you own appears on it. 2. Open your latest CAS and look for folios flagged with missing or incomplete nomination — then complete the nomination on each one through your broker or fund house. 3. Make a one-page list of the accounts and policies the current CAS does not cover (bank deposits, insurance) so you have your own consolidated record, and watch for SEBI's consultation paper for the official upgrade.

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Frequently asked questions

What is the full form of CAS?
How often do I receive the CAS?
How do I download my CAS from CDSL?
Does the current CAS include bank deposits or insurance?
Is the CAS upgrade final? Will I get the new statement soon?
Is the CAS the same as my broker's contract note or ledger?

Sources: CNBC TV18, "SEBI working on changes to consolidated account statement; consultation paper to follow: Tuhin Kanta Pandey", 15 October 2026 (https://www.cnbctv18.com/market/sebi-working-on-changes-cas-consultation-paper-to-follow-tuhin-kanta-pandey-20012612.htm); Zerodha Support on CAS (https://support.zerodha.com/category/console/portfolio/statement/articles/what-is-cas); Canara HSBC Life on CAS statements (https://www.canarahsbclife.com/blog/investment/cas-statement-mutual-funds).