New Delhi, June 23 -- When an investor passes away, one of the biggest challenges for family members is coping with the emotional impact. Another challenge is to identify all investments held in the deceased's name, as they are often spread across multiple mutual funds and demat accounts.

A Consolidated Account Statement (CAS) is a tool that can simplify this process by providing a consolidated view of investments linked to an investor's Permanent Account Number (PAN), helping legal heirs claim financial assets, investments and wealth parked across different asset classes.

A CAS is a document that consolidates details of mutual funds, securities held in demat accounts, and certain bond investments. As it is generated using the investor'...