How to check status of Statement of Demat account holdings

In its simplest form, a demat account can be described as a bank account/wallet for securities. A demat account is required in order to buy securities like bonds and shares. This will allow the individual to store their securities digitally or dematerialized. The bank accounts enable their holders to view and print their bank statements online or in a physical book. Similar functions are served by a demat account. It displays the transaction history of a demat account. It allows individuals to track transactions and confirm they have received shares they have paid for. How can you check your demat account balance? Let's dive in deeper.

Demat account statement

India has two types of accounts that can store shares bought by investors. They are electronic depositories. The first is the 'National Securities Depository Limited' ( NSDL) and the second is the 'Central Depository Service Limited' ( CDSL).

These depositories don't receive shares directly from investors. They are instead registered as Depository Participants with SEBI (Securities Exchange Board of India). These participants act as agents for all depositories. To trade shares, you must have both a trading and demat account with a DP.

Consolidated Account Summary

When one wants to view their demat account statement, this document is the most important. Consolidated Account Statement, or CAS, is a single document that includes all investment and transaction details related to mutual fund investments. It is basically a compilation all transactions and investments made via these channels.Accessing the CAS will help you better understand your demat account statements. It can also be used for checking balances and statements. It also contains detailed documentation about any holdings and provides a summary view of all investments.It can be accessed by taking into account the NSDL/CDSL. Investors can view statements across all demat accounts regardless of broker.

Access to demat account statement

All investors now have an online way to check their CDSL status. The procedure is as follows:

1. Log on to the CDSL website cdslindia.com

2. Under the 'Quick Links' tab on the homepage, select 'Login' and login to - CAS.

3. Continue to enter your PAN Number

4. Continue to enter your Demat Account number

5. Other data required: Enter date of birth, complete captcha requirements.

6. submit

7. You will receive an OTP on your registered mobile number which you can use to authenticate the login

You should be able view your CAS and review the demat account statement if all details are correct.

What to look out for when reading the demat account statement.

There are many things you need to know in order to properly interpret the statement once an individual has access to their CAS.

Personal Information - Before looking at any data, the first thing one should do is verify that they have access and that all credentials are in order.

Folio number is an additional piece of information that is unique to each investor and serves as an identity stamp for any future investments made by the investor.

Fund names: This displays the name of the fund, along with information about dividend payments and the growth of the fund.

Dividend payments: This gives investors a history on the dividends they have received through their investments.

The Net asset value, also known as the NAV. It changes daily. The statement shows the NAV at the time of investment.

Summary: This is a huge compilation of all transactions that an investor made in the sharemarket. The SIP and SWPs also get mentioned.

Conclusion

Investors have a place to keep their investments safe and track them. Investors can have multiple demat accounts. The NSDL or CSDL allows investors to access a master database that includes all of their demat accounts as well as all statements. You can access the CDSL website to learn how to check your demat account balance or statement. Investors need to be attentive to details of their CASs, such as transaction history, names of funds and options. This will allow them to interpret the data correctly and keep track of investments.