Difference in statement and AIS report

This discussion addresses a common issue where a bank statement shows fewer mutual fund redemptions than the AIS (Annual Information Statement) report. The consensus is that the AIS report is generally accurate and should be considered correct. It's advised to check with the client for any other holdings and to download the mutual fund statement for all folios to compare directly with the AIS. Ignoring discrepancies could lead to queries from the income tax department.