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Ch.9 · KYC and Folio Management · medium

If an investor has holdings with three different AMCs, how many CAS statements will they receive?

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EXPLANATION

CAS is a single consolidated statement covering the investor's holdings across all AMCs, regardless of which RTA services those AMCs. PAN is used to consolidate holdings — the investor receives one CAS.

A.Three — one from each AMC

B.Two — one from each RTA (CAMS and KFintech)

C.Six — two per AMC (one from each RTA)

D.One — a single consolidated statement across all AMCs and RTAs [✓ Correct]

EXPLANATION

CAS is a single consolidated statement covering the investor's holdings across all AMCs, regardless of which RTA services those AMCs. PAN is used to consolidate holdings — the investor receives one CAS.

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