Understanding how to read your Demat account statement is critical when starting out in trading because it allows you to track your investments, manage your portfolio, and ensure everything is in working condition. In this article, we’ll go over how to read your Demat account statement, covering the different components and how to interpret them. Let’s get right in!
What is a Demat Account Statement?
A Demat account statement also known as a Consolidated Account Statement (CAS) is in fact a report that contains all the information about transactions that take place and the status of the Demat account. This statement provides information on your portfolio showing the investment, the dividend received and the transactions made so far.
A Demat account enables tracking of securities including stock, bonds, mutual and exchange traded funds besides other securities in an electronic form. This digital format affords the ability to monitor all of your trades on your smartphone or from the desktop and check your account.
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Key Components of a Demat Account Statement
1. Statement of Accounts
What It Is:
This part of the statement provides detailed information about every transaction that has occurred in your Demat account. It records all debits (securities sold or removed) and credits (securities bought or added) that happen over a specific period.
How to Read:
You seek those accounts that have debits (sales of shares or withdrawal of, shares) and the respective credits (purchase of shares or addition to them). This helps you track how your portfolio is changing over time.
2. Statement of Holdings
What It Is:
This section consolidates all the securities of the same kind in your Demat account as of a certain period. This shows what stocks, bonds or mutual funds you own and the number of units.
How to Read:
Review your holdings to ensure the assets listed match what you own. This section is also useful for tracking the performance of your investments.
How to Make Sense of Key Information
When you open your Demat account statement, there are a few crucial details you should focus on to understand your investments better:
Personal Details
The information which is provided includes your name, address, and other relevant personal details. When filling your personal details ensure that they are correct. If you find any mistakes, approach your Depository Participant (DP) to avail a correction in it.
Folio Number
Folio number is the identification number that is given to all the Demat accounts. Here, this number is assigned to you in order to keep record of investments and transactions. Make certain that the folio number mentioned5 on the statement is accurate.
Mutual Fund Information
If you have mutual fund in your Demat account, then it will show you details like name of the mutual fund, history of transaction and performance of the fund. Watch this segment to check your status of mutual fund investment.
Dividend Payment
Some of the stocks and funds make deliveries in the form of dividends for a fixed period of time. A Demat statement will reflect how many dividends you have been paid This is a great way to track additional income from your investments.
How to Access Your Demat Account Statement
Since you have learned how to read the statement, it is time to learn how to get to it. There are slight differences in the process based on the depository you use NSDL or CDSL.
For CDSL (Central Depository Services Limited):
- Go the official CDSL Website and then click on CAS Login.
- Next, Enter the PAN card number and the Beneficiary Owner Identification (BO ID), to complete with your date of birth.
- You will get an OTP on the mobile number you have registered. Thus, enter the OTP and the form submission should be done.
- If the information entered is accurate, your Consolidated Account Summary (CAS) should display along with the statement of holdings and the transaction records.
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For NSDL (National Securities Depository Limited):
- Go to the NSDL official website and go to the NSDL E-CAS part.
- Fill the CAS ID, PAN details and the CAPTCHA when required and click on submit button.
- If you do not know your CAS ID you can obtain one by following the link Know your CAS ID.
- Once the CAS is generated, you will receive the generated CAS via email that you used for registration.
Conclusion
Reading your Demat account statement is vital for managing your money and keeping track of your trades. Regularly checking your statement might also help you recognize differences. Always verify your personal information and contact your Depository Participant if necessary. Now that you know how to read your Demat account statement, you can confidently begin your trading career. Happy investing!
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