The holding is registered with either of the two national entities if you have a Demat account or an online trading account in India. These are:
- NSDL (National Securities Depository Limited)
- CDSL (Central Depository Services Limited)
If your account is registered with CDSL, you receive a consolidated account statement (CAS) via email and mail. The CDSL CAS is a statement that consists of holdings and transactions of your Demat account, which can be equity-linked shares, mutual funds, or other financial instruments that are held with CDSL.
This CDSL Demat account statement consists of all the details of the total shares you hold, the date and time you purchased them, and their current value. These are helpful to give you an overall understanding of all your investments and also help to calculate applicable taxes on any capital gains or profits that you have generated after selling your investments.
This blog will go through the finger details about the CDSL Demat Account Statement and what makes it so crucial for investors.
Details of CDSL Demat Account Statement
A CDSL Demat account statement helps the investor understand all their investments and get the details on the transactions made in the particular period. These statements are the same as bank account statements, which provide all the relevant details about your account. Whenever any financial investment or trade is performed, the statement will be updated with this information on the next working day.
The best way to read the Demat account statement from CDSL is by downloading the consolidated account summary (CAS). A CDSL Demat account holding statement or CAS is an important document that consists of investment and transaction details related to depository accounts and mutual funds.
Demat account statements are arranged as:
Statement of Holdings
A Demat account is used for buying and selling trading assets, whose summary can be found in the statements of holding. Some important annotations that can help to read the statement of holdings are locked-in balance, current balance, free balance, and pledge balance.
Statement of Accounts
A statement of account is a detailed explanation of transactions done in the demat account, which is the same as reading a bank statement. When any security or shares are sold from a Demat, they are recorded as debit entries. When any security is bought in a demat, it is recorded as a credit entry.
What Should You Check When You Get Your CDSL CAS?
Once the CAS is received, some of the vital information that you should check are:
- Your Personal Details: The most crucial thing is to cross-check that personal details like name, age, address, pan, Aadhar card, bank details, etc., are correct. If any information here needs to be updated, it is best to contact CDSL and ensure it is corrected or updated.
- Your Folio Number: Make sure you check your folio number, which is essential and required for login and further transactions in the Demat account. A folio number is a unique number that every investor has and will be needed in case of any disputes or updates.
- Net Asset Value (NAV): Your consolidated statement will have a summary of all your holdings, the price per unit, and the total asset value of your holdings.
- Transaction summary: Any transaction you have made in the share market is collected and recorded in your CAS. In case of any disputes or discrepancies, you should immediately raise this by contacting the CDSL customer service team using the toll-free number provided on your statement.
- Dividends received: The dividend payments are all recorded and should be checked properly by the investor as to when and how much dividend payout was done. Investors should also ensure that the dividend amount in your CDSL CAS has been credited to your account or the Demat fund. If not, you can raise a dispute with the concerned holding company.
- Fund Names (Stocks & Mutual Funds): You can get a detailed report on each financial holding that you currently have invested in, which includes the name of the mutual fund schemes, company shares, and other holdings that you have. It is best to check this data and ensure that it is correct.
How to Access Demat Account Statement on CDSL
To access the combined demat account statements on CDSL, follow the below steps.
- Open the CDSL website and click on CAS login
- Enter your PAN Number
- Enter your BO ID (Which is your 16-digit Demat number that's mentioned on your account statement or the Upstox app) and date of birth
- Enter the captcha for further validation
- You will receive an OTP on your registered mobile number and email if this information is correct. Enter the OTP received
- Click on submit
After providing all the above details correctly, your CAS will load in the new window, showing the statements of holdings and accounts.
Final Thoughts
The CDSL Demat Account Statement is like your bank's ledger or passbook. It is the official document that recognizes the investments that you have performed in a particular period. The CDSL CAS is shared to your registered email and mail monthly or quarterly in case, there has been no activity in your account for that particular month.
Although this information is readily available with your online broker and gives real-time updates on your portfolio, it is always recommended to check the CDSL CAS from time to time, ensuring that the central depository correctly captures your investments and trades.