Consolidated Account Statement disclosure requires scheme cost, gross distributor commission and average expense ratio in half yearly statements. Consolidated Account Statement requirements now mandate that each CAS disclose the total purchase value/cost of investment for each scheme, and that half yearly CAS additionally disclose the gross commission paid by AMCs/Mutual Funds to distributors in absolute terms and the scheme's average Total Expense Ratio for the applicable plan(s). Commission includes direct monetary payments and non monetary benefits and must be shown as gross, without netting distributor costs. These half yearly CAS disclosures apply to investors except those with no holdings and where no commission was paid during the period, with an indicative format provided.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Consolidated Account Statement disclosure requires scheme cost, gross distributor commission and average expense ratio in half yearly statements.
Consolidated Account Statement requirements now mandate that each CAS disclose the total purchase value/cost of investment for each scheme, and that half yearly CAS additionally disclose the gross commission paid by AMCs/Mutual Funds to distributors in absolute terms and the scheme's average Total Expense Ratio for the applicable plan(s). Commission includes direct monetary payments and non monetary benefits and must be shown as gross, without netting distributor costs. These half yearly CAS disclosures apply to investors except those with no holdings and where no commission was paid during the period, with an indicative format provided.
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