A Demat Account is necessary to hold and trade all the shares and securities such as bonds, ETFs, Mutual Funds, debentures, and more in an electronic form. This digital method helps easy trading without any manual paperwork. When money is credited or debited from the bank account, people cross-verify it by checking the bank account statement. The same goes for the trading process; once a trade has been made, it is necessary to check the Demat Account Statement to know the trade status and whether it was successful or unsuccessful.
Shares traded are stored in two types of depositories; NSDL (National Securities Deposited Limited) and CDSL (Central Depository Services Limited), and all the shares that the investor's trade are stored through Depository Participants that are registered with SEBI (Securities Exchange Board of India).
Consolidated Account Summary is one of the best ways to read the Demat Account Statement. It is a crucial document that contains all transactional and investment details concerning mutual funds and depository accounts. The CAS also helps to read Demat Account Statements concerning the holding of assets and other investments for a particular date.
Demat Account Statements are broadly classified as -
A statement of accounts is a detailed description of the transactions that have occurred in your account. In contrast, a statement of holdings summarizes all the assets held in the Demat account for a particular date.
A Statement of Account is the detailed description of transactions that have occurred in the Demat account. It is similar to a bank statement where the debit and credit entries are recorded as and when they happen. When the units/securities/shares are debited, i.e., removed or sold from the Demat account, it is recorded as a debit entry. When the units, shares, or securities have been bought or added to the Demat Account, it is recorded as a credit entry.
Trading Assets are bought or sold using the Demat Account; a summary of these can be found in the Statement of Holdings. To read the statement of holdings, there are a few helpful notes
It is the total balance of the securities that are held by a particular person that can be further bifurcation into subdivisions.
A subset of Total Balance that signifies the number of Demat units available for trading. Sale transactions are checked and adjusted using the Free balance.
Like Free Balance, Locked in Balance is a subset of Total Balance, and it states the number of units that cannot be transacted and are locked-in from trading. Only the pledge/unpledged transactions can be carried out using the locked-in balance, and no sale transactions can be influenced.
The balance that is marked as a pledge in favor of the Demat Account Holder's pledgee is known as Pledge Balance or Pledge Setup Balance.
Overall, the combination of Locked In Balance + Free Balance + Pledge Balance constitutes Total Current Balance.
To view the Consolidated Account Summary on CDSL, follow the below steps
If the details are correct, CAS is loaded in the new window with Statement of Holdings and Statement of Accounts.
Without OTP, no individuals can log in and view the Consolidated Account Summary. It is done for verification purposes, and if the mobile number is changed, the new mobile number is to be verified through the Depository participant.
To obtain the Consolidated Account Summary of Demat Account on NSDL, follow the below steps
Once the CAS is received, here is what an individual should look for and how to read the Demat Account Statement -
The first and foremost step is to check if all the personal details are in the right place and no correction is required. If there are any corrections, get them done through the Depository Participant.
This is a unique identification number for each investor, used as an identity stamp for all the present and future investments. Check if the number is allocated and unchanged.
Information is related to the funds; this information displays the fund's name and mentions other information such as dividend and growth.
Historical information of dividend payments received by the investor from their investments.
Net Asset Value(NAV) is the price per unit and is variable. It is the statement that is shown in the form of time of investment.
Compilation of all the records of any transaction the investor has made in the share market.
The transactions are in the form of Accounts and Holdings, and all the information is used to check the accuracy, units, and other information related to the Demat accounts. The Demat Account Statement is called CAS (Consolidated Account Summary) and can be accessed directly through an online portal without a Depository Participant's help.