Lesson 8 of 50 for advisers · What the client’s statement shows · 3 min read · Reviewed 13 Nov 2026
Yes. The half-yearly CAS for September and March shows, scheme by scheme, the commission paid in rupees on the investor’s holding, gross of the distributor’s costs. It also splits the scheme’s expense ratio into management fee, distributor commission and other expenses, for the plan the investor holds.
A consolidated account statement goes out monthly when there is a transaction, by the 15th of the next month. Investors with no transaction get one every six months, by the 21st.
The September and March statements show the commission paid on the investor’s holding in each scheme, in rupees. Gifts, trips and sponsorships count as commission, and the figure is before the distributor’s costs and taxes.
They also split the scheme’s expense ratio into management fee, distributor commission and other expenses, for the plan the client actually holds.
Key idea: Your clients can see your commission in rupees twice a year, so it helps to talk about it before they do.
Try the short quiz on this page to check what stuck.
Investors with no fund units on whose money no commission was paid that half-year.
No SEBI rule requires XIRR in the CAS. It shows the cost and value of each holding.
The statement must say the figure is gross, before the distributor’s expenses and taxes.
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