See your mutual funds clearly

Yes. There is no sign-up, no account and nothing to pay.

CAMS locks the PDF with the password you chose, so the file cannot be read without it. It is used once to open your statement and is never stored. It is not your CAMS, bank or app login.

The detailed CAS from CAMS covering both CAMS and KFintech. NSDL or CDSL demat statements are not supported.

Three things can leave money out of your report. Funds bought through a stockbroker into a demat account are not in the CAMS statement. A summary CAS has no transactions, so it cannot be used. And a statement that starts after your first investment misses the earlier history. The report flags this when it sees units already held on the first day. To avoid it, request the statement from the date you first invested, or from 01-Jan-2000.

Transactions come straight from your CAS. Daily fund prices come from AMFI and mfapi.in, index data from index funds and Yahoo Finance, and the risk-free rate from the RBI policy repo rate. If a price history cannot be downloaded, the report fills gaps from your own transaction prices and says so. Treat every figure as a careful estimate.

No. The report describes what you hold and how it has performed, for your understanding. It does not recommend buying, selling or holding anything. For decisions, please consult a SEBI-registered investment adviser or a qualified tax professional.

XIRR is your yearly return allowing for exactly when each rupee went in or came out, much like the rate on a fixed deposit with many deposits and withdrawals. The report counts every purchase and sale in your statement, including funds you have sold, valued at the latest NAV.

Apps often show returns only for funds you still hold, or from a different date, which is why the two can differ. Both can be correct.

For every rupee you put into or took out of a fund, the report does the same, on the same day, in that fund's benchmark index. Adding these together gives a hypothetical index portfolio that mirrors your exact timing. If your fund ends up ahead, choosing it added value. If not, a simple index fund would have done better.

From the fund's name and its official AMFI category: large-cap funds against the Nifty 100, mid-cap against the Nifty Midcap 150, flexi-cap against the Nifty 500, and so on. Debt funds are compared with government-bond index funds of a similar maturity, and for the years before those existed with the average of the same-category funds of large fund houses (SBI, HDFC, ICICI Prudential, Aditya Birla Sun Life, Axis, DSP, Kotak, HSBC and LIC), gold funds with gold, and international funds with their market in rupees. If no index fits, or its data is unavailable, the fund is compared with the Nifty 500 TRI. You can also measure every equity fund against one index of your choice under More options.

Beta shows how strongly a fund moves with its index: 1 means in step, 1.2 means about 20% larger swings. Alpha is the return a fund earned beyond what its beta would predict, after the risk-free rate. Sharpe is return above the risk-free rate per unit of volatility. Tracking error measures how far a fund's returns stray from its index each year. The information ratio divides extra return by tracking error. Above 0.5 is generally considered good.

Through a Monte Carlo simulation. The index's own history (up to ten years of monthly returns) is re-sampled in six-month blocks to create 10,000 possible years. Each fund's track record against its index, weighted towards recent years and halved because such advantages tend to fade, is then added.

The middle figure is the median outcome. The range shows the 10th to 90th percentile. It describes past patterns, not a forecast you should rely on.

Rolling returns show the return over every 1, 3 or 5-year window, so you can see how often you were ahead of the index rather than at a single date. Drawdown is the fall from a previous peak. The deepest one is the worst fall you would have experienced. Both are time-weighted, so the timing of your own purchases does not distort them.

The correlation between each pair of funds, using weekly returns over up to ten years. A value near 1 means two funds rise and fall together, so holding both spreads risk less than it may appear. The headline figure is an average weighted by how much money is in each fund.

Each of the last twelve months is compared with your normal monthly amount (the median of earlier months in which you invested). A month at 90% or more of normal counts as fully on track. Much larger one-off months are never penalised. Money simply moved from a fund you sold is not counted as new saving. International funds are left out, as most stopped taking new money in 2026 under the overseas investment limit. The result is a score out of ten.

Each category is given a typical fall in a bad year (for example large cap about 35%, small cap about 55%, debt about 5%), averaged by how much you hold in each. That mix places the portfolio between Conservative and Very aggressive. It describes this portfolio only. Your FDs, EPF, PPF, shares and property are not in the CAS.

Units are treated as sold oldest first (FIFO), as fund houses do. Equity funds become long-term after 12 months and are taxed at 12.5% above the yearly ₹1.25 lakh allowance, or 20% if short-term. Gold, silver and international funds become long-term after 24 months. Debt funds bought from April 2023 are always taxed at your slab. Losses are set off as the rules allow, and 4% cess is included. These are estimates for a resident individual.

Every fund comes in two versions that hold exactly the same investments. A regular plan pays a commission to the distributor through a higher yearly expense ratio, typically about 0.5-1.5% a year more than the direct plan. Over many years that gap compounds into a noticeable difference. If you hold regular plans, the report points them out under "Things worth a look".

Once a quarter is usually plenty, or after a significant change such as a large investment, a switch between funds or the end of the financial year. Fund performance is best judged over several years, so checking very often mostly shows short-term noise.

Goals and money outside your CAS are optional (under More options). If you add them, the report adds a "Net worth and goals" page.

The method. Your money is carried forward month by month through 10,000 simulated futures, keeping your current allocation. Each month the amount you invest goes into your mutual funds, raised by your yearly increase every 12 months. On each goal's date, the goal is paid out of whatever is there (in full, or as far as the money goes) and only what is left carries on to the next goal. The chance shown is the share of those futures in which the money was enough on the date. The report also shows the middle outcome, a 1-in-10 low and high, the goal in today's money at the inflation rate you chose, and roughly how much you would need to invest each month for an 8-in-10 chance.

Money kept aside. EPF, PPF and NPS are locked until retirement or for years. If you tick them under "Keep aside for retirement", they still count in your net worth but are never used to pay a goal, and the goal chart shows only the money that can be.

EPF and NPS contributions. If you enter what goes into EPF and NPS every month, that amount is added each month at the same level (it is not raised each year). If you also give your age, contributions stop at 58 for EPF and 60 for NPS.

Monthly investment. If you leave it blank, the report uses the average new money you put into mutual funds over the last 12 completed months, taken from your CAS (money moved from a fund you sold is not counted as new).

Mutual funds grow like each fund's own benchmark index (the same index the report compares the fund with): its compound annual growth (CAGR) over the last 10 years, with the ups and downs that index had. Funds keep today's weights, so a portfolio 70% in equity stays 70% in equity. If a benchmark has less than 10 years of history, the report uses an assumed long-run rate for that category instead and says so on the page. A fund's own past lead or lag over its index is not projected.

Money outside your CAS grows at these yearly rates. EPF, PPF, fixed deposits and cash grow steadily. The others also rise and fall from year to year by a typical amount (the "swing" below), and move together with related holdings: Indian stocks with your Indian equity funds, US stocks with your international funds, gold and silver with your gold funds. The rate is the middle (median) growth, so the swings widen the range of outcomes without changing the middle one.

• EPF 8.25% (the current EPFO rate)
• PPF 7.1% (the current government rate)
• NPS: depends on your investment choice and age. Active choice holds 75% in equity up to age 50, then 2.5% less each year from 51 to 60, ending at 50%. The life-cycle funds hold 75% (Aggressive, LC75), 50% (Moderate, LC50) or 25% (Conservative, LC25) in equity up to age 35, falling steadily to 15%, 10% or 5% by age 55. If you give your age the report follows that path year by year. Without it, the starting share is kept throughout, which is generous for older investors. The equity part grows and swings like the Nifty 500 TRI over the last 10 years. The rest, in government and corporate bonds, grows at 8% a year with a swing of 3.5%.
• Fixed deposits 6.5%
• Cash 2.5%
• Gold 12%, swing measured from the gold price over 10 years (15% if unavailable)
• Silver 8%, swing measured from the silver price over 10 years (25% if unavailable)
• Indian stocks: the 10-year CAGR of the Nifty 500 TRI and its 10-year swing, measured on the day of your report
• US stocks and ETFs: the 10-year CAGR of the S&P 500 in rupees (including the rupee's fall against the dollar) and its 10-year swing, measured on the day of your report
• Others (art, wine, crypto, stamps, coins and the like) 12%, swing 25% a year

If the index data cannot be downloaded, Indian stocks use 13% (swing 18%) and US stocks 14% (swing 16%), and the page says so.

What it leaves out. Tax and exit loads on withdrawals, and changes you make to your allocation. Ten-year growth rates include strong and weak years, but the next ten may differ, and projecting any rate over decades is uncertain. Treat the chances as a guide, not a promise.

For each fund you sold, the report compares where the money went (purchases in other funds within the switch window) with simply having kept the original fund, both valued today. A positive figure means the move has paid off so far.