Consolidated Account Statement – Everything You Need to Know About CAS
- What is a Consolidated Account Statement (CAS)?
- Why does one need CAS?
- When does one receive CAS?
- Which Demat accounts and Mutual Funds are in CAS?
- If an investor has multiple Demat accounts across the depositories which depository will send the CAS to an investor?
- What is a depository? What are NSDL and CDSL?
- How to download the NSDL CAS statement online?
- What does NSDL CAS Statement look like?
- How to Register for/Download CDSL e-CAS ?
- What does CDSL CAS look like?
- What is ISIN Code?
What is Consolidated Account Statement (CAS)?
CAS is a statement consisting of transactions and holdings in investor’s Demat account(s) held with CDSL and NSDL as well as in units of Mutual Funds. CAS includes
- All stock transactions(sell, buy)across Demat accounts which changes the number of shares in Demat account,
- All mutual fund transactionssuch as New Fund Offer, fresh purchase, additional purchase, redemption, switch in and out, dividend reinvestment, dividend accrued, systemic transactions such as SIP / SWP / STP, bonus, merger, etc.
The image below shows an excerpt of the NSDL CAS statement for Demat accounts and Mutual Fund Folios.
NSDL CAS Statement is part of the overall vision to enable all financial assets to be held electronically in a single demat account, which was articulated by Finance Minister in his budget speech of July 2014.
As a step in this direction, SEBI has introduced this Consolidated Account Statement for all securities assets by consolidating demat accounts and mutual fund folios. NSDL Circular No. NSDL/POLICY/2014/0079 dated July 3, 2014 (Ref. SEBI Circular No. CIR/MRD/DP/21/2014 dated July 1, 2014).
Why does one need CAS?
Investors find it difficult to have a complete picture of their portfolio. Most investors do not readily know the total value of their portfolio or its composition.
If you contact your Stockbroker/Mutual Fund AMC then you would receive statement pertaining to just the Demat account or Mutual Fund folio’s maintained by that DP/MF.
Unless an investor is well-organised and keeps proper records, he cannot easily compile a list of all his investments.
When you open a Demat account and buy any shares, your shares are held by depositories.
The depository is similar to a bank, but while a bank holds your money, they hold stocks, shares, bonds etc. There are only two depositories in India – NSDL and CDSL.
If you’re an Investor or Trader who holds positions for more than a day, then it’s a good idea to keep track of your holdings directly in NSDL and CDSL, apart from tracking them Broker’s trading platform.
When does one receive CAS?
As per SEBI circular no. CIR/MRD/DP/31/2014 dated November 12, 2014, if there is any transaction in any of the Demat accounts of an investor or in any of his mutual fund folios, then CAS shall be sent to that investor for that month.
The image below shows the CDSL CAS statement showing monthly transactions.
If there is no transaction in any of the mutual fund folios and Demat accounts then CAS shall be sent to the investor on half-yearly basis i.e holdings of March and September end will be sent in April and October respectively.
CDSL CAS showing Transactions in the month
Which Demat accounts and Mutual Funds are in CAS?
All investments held in single or joint names with you as the sole/first holder are a part of your CAS as shown in the image below.
As per SEBI guidelines, the consolidation of account statement is done on the basis of Permanent Account Number (PAN).
In the case of joint holders, it is based on the PAN of the first holder and pattern of holding. Based on the PANs provided by the AMCs/MF-RTAs, the Depositories match the PANs available in the Demat account of the clients to determine the common PANs and allocate the PANs among themselves for the purpose of sending CAS.
For PANs which are common between Depositories and AMCs, the Depositories send the CAS. In other cases (i.e PANs with no Demat account and only MF units holding), the AMCs/MF-RTAs – CAMS/Karvy/FTAMIL/SBFS’ shall continue to send the CAS.
NSDL CAS statement with all demat accounts and Mutual fund folios
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If an investor has multiple Demat accounts across the depositories which depository will send the CAS to investor?
In case investors have multiple Demat accounts across the two depositories, the depository having the Demat account which has been opened earlier shall be the default depository which will consolidate details across depositories and MF investments and dispatch the CAS to the investor.
For example, first I opened Demat account in ICICIDirect.com which is associated with NSDL and later opened an account with Zerodha which is associated with CDSL. So I get CAS statement from NSDL and not from CDSL.
To ensure receipt of CAS by email the investor should update his email id with his Depository Participant (DP) along with consent for receiving transaction statements by email.
The investor can request for change of default depository to receive the CAS by informing the Depository Participant (DP) of the default depository from whom he is receiving the CAS. NSDL CAS statement is better than CDSL Statement.
What is a depository? What are NSDL and CDSL Statements?
The depository is an organization which holds financial securities with it in DeMat form i.e electronic form. The depository is similar to a bank, but while a bank holds your money, they hold stocks, shares, bonds etc.
It is responsible for maintenance of ownership records and facilitation of trading in dematerialised securities. There are only two depositories in India – NSDL and CDSL. When you open a Demat account and buy any shares, your shares are held by these depositories.
Moreover, when a company needs to know its shareholder detail to send dividend, rights or for any other notification, it can ask for the information from these two depositories in India. Even you can open an account with two DP’s and you can transfer the share from NSDL to CSDL and vice versa
- National Securities Depository Limited (NSDL) which is promoted by the National Stock Exchange, Industrial Development Bank of India and Unit Trust of India among others. For CAS NSDL website is https://nsdlcas.nsdl.com/
- Central Depository Services Limited (CDSL) which is promoted by the Bombay Stock Exchange, State Bank of India, Bank of India among others. Its website is https://www.cdslindia.com/
Depository interacts with its clients or investors through its agents, called Depository Participants popularly called DPs. For any investor to avail, the services provided by the Depository has to open Depository account, known as Demat Account, with any of the DPs.
A DP can be a bank, financial institution, brokerage house, or similar entity. To be eligible, it must be registered with the Securities and Exchange Board of India (SEBI) and comply with its norms and guidelines. The image below shows the interaction between investors(buying/selling stocks), Exchange, Depository and Depository Participant(DP)
You can’t directly choose which depository to open an account. It is the broker or the Depository Participant (DP) how decides on it.
Relation between Stock exchange, depository and DP
Demat Account Number, DP Id and Customer Id
A Demat account number is a combination of the DP ID and the customer ID of the Demat account holder. Usually, the first 8-digits of your Demat account number is your DP ID where the last 8-digits of your Demat account number is the Customer ID of the account holder.
For NSDL, the Demat account number starts with “IN” followed by a 14-digit numeric code.
- For CDSL, if your Demat account number is 0101010102020202, in such a case 01010101 is the DP ID and 0202020202 is the Demat account holder’s customer ID. The Demat account number is also known as Beneficiary Owner ID or BO IDin the case of the CDSL
- For NSDL, if a Demat account number is IN12345698765432, in that case, IN123456 is the DP ID and 98765432 is the customer ID of the Demat account holder.
Know more about NSDL and CDSL
To know more & for any further query regarding NSDL CAS, visit https://nsdlcas.nsdl.com. You can also call at 1800222990 (Toll Free Number) or write at NSDL, 4th Floor, ‘A’ Wing, Trade World, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai – 400 013.
If you’re an Investor or Trader who hold positions for more than a day, then it’s a good idea to keep track of your holdings directly in NSDL and CDSL, apart from tracking them Broker’s trading platform.
How to download NSDL e-CAS or NSDL Consolidated Account Statement Online?
Step 1: Visit: https://nsdlcas.nsdl.com/
Step 2: Click on NSDL e-CAS on the top menu bar. You can subscribe to regular e-CAS by putting in your CAS ID and PAN details. You will receive your e-CAS on your registered E-mail ID regularly. In case you don’t know your CAS ID click on ‘Know your CAS ID’
Step 3: By clicking on ‘Know your CAS ID’ a pop will appear, put in your PAN details, DP name and ID (Company you hold account with) and your client ID. Then click on submit to know your CAS ID.
Step 4: If you know your CAS ID and want to access an e-CAS of a particular month & year. Click on ‘Track Your CAS’ from top menu bar. You will be scrolled down to the section there click on the ‘Click here button’ a pop up will appear.
Put in your CAS ID, PAN, registered E-mail ID and the month/year e-CAS you want. Click on submit and e-CAS will be mailed.
What does CDSL CAS look like?
NSDL CAS enriches investor experience of managing his portfolio effectively because of
- Graphical representation
- A complete summary of all the holdings in Demat and Mutual Funds
- Portfolio classification as per different asset class
9. How to Register for/Download CDSL e-CAS ?
Step 1: Visit: https://www.cdslindia.com/cas/logincas.aspx
Step 2: Put in your PAN Card detail, BO ID (Beneficiary owner identification number it is the Demat account number allotted to the beneficiary holder(s) by DP. In CDSL it is 16 digits number. Then put in your DOB. Click on Submit.
Step 3: By clicking on submit automatically a One Time Password (OTP) is send to your registered mobile number. Put in the OTP and submit.
Step 4: You can select the year and month click on search to download the e-CAS statement. The e-CAS statement is password protected and to open the same you need to put in your PAN details in ALL CAPS.
10. What does CDSL CAS look like?
CDSL does not look flashy as NSDL and it provides information on all the holdings in Demat and Mutual Funds.
The image below shows the CDSL CAS statement showing Mutual Funds Holdings.
It does not show Folio Number which is available in NSDL CAS. Our article What is Folio Number in Mutual Funds? explains the Folio number.
An ISIN code is a 12-digit alphanumeric number that is used to identify specific securities ex: share or mutual fund.
CDSL CAS showing Mutual Fund Holdings
What is ISIN Code?
In CAS statements details about Mutual fund or stock are in terms of ISIN number.
An ISIN code is a 12-digit alphanumeric number that is used to identify specific securities ex: share or mutual fund.
For example, ISIN number of Reliance is INE002A01018 while ISIN of Microsoft which is a US-based company is US594918104. ISIN number is broken down:
- First two letters of the ISIN code refer to the country in which the issuing company is based out of. Ex for India it will be IN.
- The next nine digits identify specific security and act as a unique identifier.
- The final character also referred to as the ‘check digit’ checks forgery.
Overview of ISIN number
- An ISIN is a code that uniquely identifies a specific securities issue.
- The numbers are allocated by a country’s respective national numbering agency (NNA).
- An ISIN is not the same as the ticker symbol, which identifies the stock at the exchange level. The ISIN is a number assigned to a security that is universally recognizable.
- ISINs are used for numerous reasons including clearing and settlement. The numbers ensure a consistent format so that holdings of institutional investors can be tracked consistent across markets worldwide.
In India, the task of issuing ISIN for various securities has been assigned by the Securities and Exchange Board of India (SEBI) to the National Securities Depository Limited (NSDL). For the government securities, the allotment of the ISIN code is regulated by the Reserve Bank of India (RBI).
The NSDL was established in August 1996, under the aegis of the Depositories Act, 1996. You can use the NSDL website to look up and verify ISIN codes.