<div><em>Get to know the impact through a consolidated statement. But wait, there’s nothing to panic, says <strong>Sunil Dhawan</strong></em></div><div> </div><div>The more than a 1000-points crash in the Sensex has come in as a big jolt to most investors. Although a downturn was seen coming, but the magnitude of the fall has certainly made investors alarmed. As a mutual fund investor, both who are recent entrant into markets or an existing investor, the primary concern would be to find the impact of market crash on the NAV of mutual funds schemes in which they had invested. </div><div> </div><div>Impact on NAV’s: If your investments are spread out among various fund houses and different schemes, keeping track of all of them might be difficult. Also, visiting each fund house and submitting request for statement of each folio could be time consuming too. The solution lies in getting the Consolidated Account Statement (CAS) which is a single account statement that reflects all transactions of a unit holder in all folios across all schemes of all mutual funds. </div><div> </div><div><strong>Where to get consolidated statement:</strong> It is generated by any of the three registrars- CAMS, Karvy and Franklin Templeton Asset Management (FTAMIL). It doesn’t matter who the registrar of your specific scheme is and as because there is an arrangement between all these three registrars, the CAS gets delivered to your email once requested. </div><div> </div><div>In addition to the mandatory receive of the CAS, one may ask for it anytime. You just to ensure that your email is registered in your folios across funds serviced by CAMS, Karvy and FTAMIL. You may then obtain a consolidated PDF Account Statement at your registered email address. The request for this can be put in the website of any of these three registrars. </div><div> </div><div>The links are </div><div><a href="http://www.camsonline.com/InvestorServices/COL_ISAccountStatementCKF.aspx">www.karvymfs.com/platformservice<br>http://www.camsonline.com/InvestorServices/COL_ISAccountStatementCKF.aspx</a></div><div> </div><div> </div><div>Mandatorily, CAS needs to be sent once a month for folios wherever there is a transaction. Else, even if there is no transaction, it is to be sent every six months. <br> </div><div>The CAS would contain details relating to all the transactions (including transaction charges paid to the distributor) across all schemes of all mutual funds during the month and holding at the end of the month. Transaction would include purchase, redemption, switch, dividend payout, dividend reinvestment, systematic investment plan, systematic withdrawal plan, systematic transfer plan and even the bonus transactions.</div><div> </div><div><strong>What to do: </strong>There could be funds that have fallen more than index while few could have been in-line or maybe weathered the storm. Study the ones that have fallen most and look for reasons. Get help from experts to find reasons attributed for such performance before you act. </div><div> </div><div><strong>What not to do:</strong> At a point like this when the market falls more than 3 percent with specific stocks falling by even 6 percent or more, the impact on one’s portfolio is warranted. But having linked your MF investments to long term goals, such events would soon be a passé. Keep your SIP’s running and let the lower levels in markets buy more units for you to average out the cost of purchase. </div><div> </div><div>It all started with Chinese government not willing to intervene in markets that led to crash in worldwide indices. At some level, it’s going to be stabilized and considering the strong fundamental of Indian economy, the long term growth prospects looks bright. Remember, corrections are part and parcel of markets. If you have linked your investments to your goals, such events are immaterial.</div><div> </div>
