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How to read a demat account statement

In the most simple form, a demat account is a bank account/wallet for shares. If a person wants to buy securities like stocks and bonds, they must first open a demat account under their name, which allows them to hold their assets in a dematerialized or digital format. The holders of bank accounts will display their bank statements on a paper passbook or electronically. A demat account performs the same role. It shows a person's demat account's transaction history, allowing them to keep track of transactions and ensure that they have acquired any shares they have paid. But how do you review the balance of your demat account? Let's look at it a bit more.

 

Open a Demat Account

Statement of the Demat Account

Any shares owned by investors in India are deposit in two categories of accounts that act as electronic depositories. National Securities Depository Limited (NSDL) is the first, and Central Depository Service Limited (CDSL) is the second.

It's important to note that these depositories don't get their shares from investors directly. Instead, Depository Participants are used, who are registered with SEBI (Securities Exchange Board of India) and serve as depositories' members. Besides, to exchange stocks, you must have both a trading and a demat account with a DP.

Accounts Consolidated Statement

When attempting to read a demat account statement, this document is the essential part of the operation. A consolidated account statement, also known as a CAS, is a single document that includes both transactional and investment information for mutual fund portfolios and depository accounts. It is, in essence, a set of all contributions and transfers made across these channels. Individuals can use the CAS to understand their demat account statement properly and can use it to find out how to verify demat account balances and statements. It also offers comprehensive documentation of any holdings the investor may have, as well as a consolidated view of all assets. It also helps investors view statements through demat accounts independently of the broker and access through the NSDL and CDSL. 

How to access demat account statement

The CDSL website now provides an online medium for all investors to review their CAS, with the following procedure: 

1. Visit cdslindia.com to learn more about CDSL.

2. Click 'Login' from the 'Quick Links' tab on the homepage and log in to – CAS.

3. Type your PAN number in the appropriate box.

4. Type your Demat Account Number in the box given.

5. Fill in all other requested information, such as the date of birth and the captcha requirements.

6. Submit.

7. You'll get an OTP on your registered phone, which you'll use to confirm your username.

You should now access your CAS and review your demat account statement if your information is correct.

Things to look for while reading the demat account statement.

Once an individual has obtained access to their CAS and can read their demat account statement, there are a few things to search for to interpret the statement correctly. 

Personal Information: Before looking at any files, make sure you have access to the correct account and that all of your passwords are in order.

Folio Number: This is yet another piece of information unique to each investor and serves as an identity stamp for all subsequent investments made by that investor.

Fund names and options: Users will see the title of their funds and information about dividend payments and fund development.

Dividend payouts: This section gives investors a history of dividend distributions from their portfolios.

The Net Asset Value: The NAV, or Net Asset Value, is a regular fluctuating figure. As a result, the statement's NAV refers to the period of investment.

Transaction Summary: This is a massive list of all details of all stock market trades the investor has made. Aside from that, the SIP and SWPs are listed.

Conclusion

Demat accounts provide investors a place to keep track of and store their savings. The NSDL and CSDL allow people to enter a master archive with all their demat accounts and all demat account statements. All investors have individual identities that can have several demat accounts. The 'how' of checking demat account balance and statement is relatively straightforward and can accomplish via the CDSL website. Investors must pay close attention to facets of their CASs such as account records and the names of their funds and options to ensure that it is to properly view the details and remain on top of their portfolios.

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