A Step-by-Step Guide to Consolidated Accounts Statement
September 26, 2021
|
5 min
IDP

A common yet crucial term often used and heard by investors of mutual funds, is the Consolidated Accounts Statement. Let’s deep dive into this concept and get a clear picture regarding their relevance and importance as an investor.

What is CAS or Consolidated Account Statement?

A Consolidated Account Statement (CAS) is a statement consisting of all your investments in mutual funds and other securities held in dematerialized (Demat) mode. The statement includes all the financial transactions that take place over a period and gives you important information such as your investment’s market value, Net Asset Value (NAV), NAV data, etc.

What information does CAS include?

CAS contains all the vital, relevant and crucial details about your investments and associated financial transactions in mutual funds and other securities held in Demat mode.

CAMS Fields

CAS lists all your financial transactions such as bank account details, merger or switching of mutual funds, receiving dividends or bonus payments, redemption details, reinvestments, NFO, mode of investment (SIP/lump sum), opening and closing share units, your ISIN, name and contact details, mode of holding units, UCC, etc.

When do you receive CAS?

In compliance with SEBI’s guidelines as per it’s 2014’s circular, CAS shall be sent to you for the month in which there is any presence of a financial transaction in any of your mutual fund folio and/or Demat accounts of other held securities.

CAS Sample Image

In case there is no transaction in your Demat accounts and mutual fund portfolio, then CAS will be sent to you on a half-yearly basis instead of monthly. Implying, your holdings for March and September end would be sent to you respectively in April and October.

Why is it important to check your CAS? 

CAS indeed is a boon for you as an investor. Listed here are the key benefits of it:

1. Facilitates review of investments 

Given that CAS serves as a single statement comprising the summary of all your investments and financial transactions in mutual funds and other securities held in Demat form, you can conveniently review all these investments at one place. The regular review of these investments helps you check whether the funds are performing as per expectations or not, which would further assist you in taking the decision regarding continuation or switching of your existing investments.

2. Minimizes Paperwork

As CAS summarizes all the details and transactions about your investments in mutual funds and other securities held in Demat form, it assists in minimizing your paperwork in the process. You can monitor your portfolio under one consolidated statement, instead of getting numerous separate statements for different investments. 

3. Keeps you informed and updated

With timely updates as and when any financial transaction takes place in your mutual fund portfolio or regarding other securities held in Demat form, the CAS summary of your detailed information ensures that you stay updated and informed about your investments and their performance. Reviewing your CAS also helps identify your tax liability, and it can be used as tax-saving proof to avail deductions if your investments are eligible for the same.

4. Boosts safety

With online trading, investment, and digital payment methods getting increasingly popular and relevant, CAS ensures a simplified investment process. Although technology has assisted and facilitated online opening of Demat accounts and other related services, frauds and forgeries also keep on happening. With timely and regular updates in CAS, you can quickly spot any unknown transaction in your portfolio and inform the regulator at the earliest.

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Who sends the CAS?

Your depository, i.e., NSDL, and/or CDSL sends the CAS to you. In case you have multiple Demat accounts across these depositories, the depository with whom you have opened the account earlier, shall become your default depository, and thereby send you your CAS. But make sure that if you want the CAS to receive an email, update your email id with the depository participant.

Here are some common and crucial terms about CAS:

Depository

It’s an organization that holds your financial securities in Demat form. It can be linked similar to the work of a bank that keeps your money, with the difference that a depository holds your stocks, shares, bonds, etc.

The depository also holds the responsibility to maintain ownership records properly and even facilitate Demat trading of securities. In India, there are two depositories:

1. National Securities Depository Limited (NSDL)
NSDL LOGO

It is promoted by India’s National Stock Exchange (NSE), United trust of India (UTI), and Industrial Development Bank of India (IDBI) amongst others. 

2. Central Depository Services Limited (CDSL)
CDSL LOGO

This depository is promoted by the BSE (Bombay Stock Exchange) SBI (State Bank of India), Bank of India amongst others. 

Depository participant (DP)

The Depository, i.e., NSDL, and CDSL, interact with their clients or investors via agents termed as Depository Participants (DPs) The services provided by the Depository can be availed by you, as an investor, through opening a Depository account with any of the DPs, which thereby act as intermediaries. The account opened is also known as Demat Account. Nowadays, it takes as low as just a few minutes to open a Demat account.

Remember that the DP has to be registered with the SEBI (Securities and Exchange Board of India) and comply with all the norms, regulations, and guidelines to be eligible for any transaction. As an investor, you cannot choose which depository to open an account with, as this decision entirely rests with the DP.

What is Demat Account Number, DP id, and Customer id in CAS?

Demat account number mentioned in your CAS is a combination of your DP ID and the customer ID. Generally, the first 8-digits of the investor’s Demat account number are your DP ID, whereas the last 8-digits of the Demat account number are your Customer ID. Your DP Id is a number assigned to the Depository Participant (DP)

Every Demat account has its unique account number assigned by the DP. The format of your Demat Account number varies in the case of NSDL and CDSL. In the case of CDSL, the number is a 16-digit numeric character, whereas, for NSDL, it’s a 14-digit numeric code starting with “IN”.

Final Words

Apart from all the mentioned details and benefits of CAS for investors, it’s equally important to lay emphasis on assisting brokers to seamlessly extract data from CAS reports. For real time data extraction from CAS into organized formats, contact Docsumo at and book a free demo with us. Docsumo uses an API based solution for parsing CAS into a clean and structured Excel/CSV/JSON format. With Docsumo, you can scan CAS reports or extract data in real-time, along with quick processing time, reduced operations cost and near perfect accuracy.

Written by
Pankaj Tripathi
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A Step-by-Step Guide to Consolidated Accounts Statement
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January 28, 2021
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