Mutual fund investors in India get their account statements by the 10th of each month. But in October, the consolidated account statement (CAS)—a single account statement of all your mutual fund holdings made across fund houses and folios—did not arrive.
The reason for the delay seems to be a Securities and Exchange Board of India (Sebi) regulation that needs the funds to disclose the commissions they pay on your investments to distributors. In the early days of October, the industry was reluctant to share these details and took the Sebi circular literally.
