Consolidated Account Statement | All You Need to Know

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A Consolidated Account Statement (CAS) is a document that contains a summary of all your investments made across various financial products and services in a given financial year. It is an essential tool for investors as it provides a comprehensive view of their investment portfolio, including mutual funds, stocks, bonds, and other securities.

The Securities and Exchange Board of India (SEBI) introduced the concept of Consolidated Account Statement in 2014, making it mandatory for all investors to receive it. The objective behind this move was to simplify the investment process and bring transparency in the system.

In this article, we will take a closer look at the Consolidated Account Statement, its benefits, and how to interpret it.

What is a Consolidated Account Statement (CAS)?

A Consolidated Account Statement is a document that provides a comprehensive view of an investor’s investments made across various financial products and services. It includes information on all the investments made by an investor in a given financial year, including mutual funds, stocks, bonds, and other securities.

The CAS is generated by the Consolidated Account Statement service provider, which is appointed by the Association of Mutual Funds in India (AMFI). The service provider collects the data from the asset management companies (AMCs) and other intermediaries such as stockbrokers, depositories, and registrar and transfer agents.

The CAS is a standardized document that contains information such as the investor’s name, address, PAN number, and folio number. It also includes the details of the investments made, including the type of investment, the name of the asset management company, the date of investment, the amount invested, and the current market value.

Benefits of Consolidated Account Statement

Easy to Track Investments

The Consolidated Account Statement makes it easy for investors to track their investments as it provides a consolidated view of all their investments in one place. Investors no longer have to check their investments in different financial products and services separately. The CAS enables investors to view their entire investment portfolio in a single document, making it easier for them to keep track of their investments.

Helps in Financial Planning

The CAS provides investors with a comprehensive view of their investments, which makes it easier for them to plan their finances. Investors can use the information in the CAS to evaluate the performance of their investments and make informed decisions about future investments. The CAS helps investors to identify the underperforming investments and take corrective measures.

Brings Transparency

The CAS brings transparency to the investment process. Investors can see the charges and fees they are paying for their investments. It enables investors to compare the charges and fees of different investment products and services, and choose the ones that are most cost-effective.

Reduces Paperwork

Before the introduction of the Consolidated Account Statement, investors had to maintain separate records for each investment they made. This resulted in a lot of paperwork. With the CAS, investors no longer have to maintain separate records for each investment, which reduces paperwork and makes the investment process more streamlined.

Enhances Investor Protection

The CAS enhances investor protection by providing them with a consolidated view of their investments. Investors can verify the information in the CAS with their own records and raise any discrepancies with the relevant intermediaries. This helps investors to protect their investments and ensure that they receive the returns they are entitled to.

Interpreting a Consolidated Account Statement

Interpreting a Consolidated Account Statement may seem daunting at first, but it is relatively simple once you understand the different components of the document. Let us take a closer look at the different sections of the CAS.

Investor Information

The first section of the CAS contains the investor’s information, including their name, address, and PAN number. It also includes the folio number, which is a unique identifier assigned to each investor by the asset management company.

Investment Details

The second section of the CAS contains the investment details, which provides a summary of all the investments made by the investor in the financial year. It includes information such as the type of investment, the name of the asset management company, the date of investment, the amount invested, and the current market value.

Transaction Details

The third section of the CAS contains the transaction details, which provides a summary of all the transactions made by the investor in the financial year. It includes information such as the transaction type, the date of the transaction, the amount, and the balance.

Statement Summary

The final section of the CAS contains the statement summary, which provides a summary of the investor’s investments and transactions in the financial year. It includes information such as the total amount invested, the total market value, and the net asset value (NAV).

Who Provides CAS in India?

The Consolidated Account Statement (CAS) in India is provided by CAMS (Computer Age Management Services), Karvy Computershare, and NSDL (National Securities Depository Limited). These are the three Consolidated Account Statement service providers appointed by the Association of Mutual Funds in India (AMFI) to generate and distribute CAS to investors.

These service providers collect the investment data from various intermediaries such as asset management companies (AMCs), stockbrokers, depositories, and registrar and transfer agents, and generate a consolidated statement of all the investments made by an investor in a given financial year.

Investors can choose to receive the CAS either physically or electronically, as per their preference. They can also choose to receive the CAS for a specific period or on a periodic basis, depending on their investment requirements. The CAS is an important document for investors as it provides a comprehensive view of their investments and helps them to manage their investment portfolio more efficiently.

What is CDSL Consolidated Account Statement?

The CDSL Consolidated Account Statement (CAS) is a comprehensive report that provides a consolidated view of an investor’s holdings in all the securities held in their demat account with the Central Depository Services Limited (CDSL). The statement includes details of all the transactions carried out in the account and provides information on the securities held in the account. The CDSL CAS is a single statement that provides a complete view of an investor’s portfolio across all the depository participants (DPs) with whom they hold a demat account.

The CDSL CAS includes the following details:

Information on the securities held in the account such as equity, mutual funds, government securities, and bonds.
Details of transactions such as purchases, sales, and transfers carried out in the account during a specific period.
Information on corporate actions such as dividends, bonus, and rights issues.
Information on the number of units held, the cost of acquisition, and the current market value of the securities.
Details of the outstanding settlements and pending transactions.

Investors can use the CDSL CAS to monitor their investments and make informed decisions about their portfolio. The statement also helps investors to reconcile their investments with their broker’s records and to identify any discrepancies in their holdings or transactions. The CDSL CAS is generated on a periodic basis and is available for download from the CDSL website. Investors can also request a physical copy of the statement to be delivered to their registered address.

Steps for CAS Download from CDSL

Visit the CDSL website https://www.cdslindia.com/
Click on the ‘Login’ button on the top right corner of the homepage.
Enter the User ID and Password to log in to the account.
Click on the ‘CAS’ tab on the dashboard.
Select the relevant financial year for which the CAS needs to be downloaded.
Choose the delivery mode (either email or physical) and provide the relevant details.
Click on the ‘Generate PDF’ button to download the CAS.
Verify the details mentioned in the statement.

What is NSDL Consolidated Account Statement?

The NSDL Consolidated Account Statement (CAS) is a report that provides a consolidated view of an investor’s holdings in all the securities held in their demat account with the National Securities Depository Limited (NSDL).

The statement includes details of all the transactions carried out in the account and provides information on the securities held in the account. The NSDL CAS is a single statement that provides a complete view of an investor’s portfolio across all the depository participants (DPs) with whom they hold a demat account.

The NSDL CAS includes the following details:

Information on the securities held in the account such as equity, mutual funds, government securities, and bonds.
Details of transactions such as purchases, sales, and transfers carried out in the account during a specific period.
Information on corporate actions such as dividends, bonus, and rights issues.
Information on the number of units held, the cost of acquisition, and the current market value of the securities.
Details of the outstanding settlements and pending transactions.

Investors can use the NSDL CAS to monitor their investments and make informed decisions about their portfolio. The statement also helps investors to reconcile their investments with their broker’s records and to identify any discrepancies in their holdings or transactions.

The NSDL CAS is generated on a periodic basis and is available for download from the NSDL website. Investors can also request a physical copy of the statement to be delivered to their registered address.

Steps for CAS Download from NSDL:

Visit the NSDL website https://nsdl.co.in/.
Click on the ‘CAS’ option under the ‘Services’ tab on the homepage.
Click on the ‘Login/Register’ button.
Enter the PAN, email ID, and other relevant details to register for the service.
Once registered, log in to the account using the registered email ID and password.
Choose the financial year for which the CAS needs to be downloaded.
Select the mode of delivery (either email or physical) and provide the relevant details.
Click on the ‘Download’ button to download the CAS.
Verify the details mentioned in the statement.

Haven’t Received CAS? Here is What to Do

If you have not received your Consolidated Account Statement (CAS) even after registering for it, here are some steps you can take:

Check your registered email and mobile number: Ensure that the email ID and mobile number registered with your depository participant (DP) are correct and updated. The CAS is sent to the registered email ID and mobile number, so make sure to check these regularly.
Contact your DP: If you have not received the CAS, contact your DP and inquire about the status of the statement. Your DP can provide you with the necessary details and help you resolve any issues.
Check your spam/junk folder: The CAS may sometimes get redirected to your spam or junk folder. So, make sure to check these folders and mark the CAS email as ‘Not Spam’ or ‘Not Junk’ to receive future statements in your inbox.
Request for physical copy: If you are unable to receive the CAS via email, you can request a physical copy of the statement to be sent to your registered address by post.
Update your contact details: If you have recently changed your email ID or mobile number, ensure that you update the same with your DP to receive future statements without any delay.

In case you are unable to resolve the issue even after following these steps, you can escalate the matter to the depository or seek assistance from SEBI’s SCORES platform. It is important to regularly check your CAS to monitor your investments and ensure that there are no discrepancies in your holdings or transactions.

Frequency of CAS

The frequency of the Consolidated Account Statement (CAS) depends on the type of securities held in the demat account and the depository with which the account is held. The Securities and Exchange Board of India (SEBI) has mandated that all depositories provide CAS to their investors. Here are the different frequencies of CAS for CDSL and NSDL:

CDSL:

The CAS is generated on a monthly basis for equity and equity-related instruments.
The CAS is generated on a half-yearly basis for debt instruments and mutual funds.

NSDL:

The CAS is generated on a monthly basis for equity and equity-related instruments, debt instruments, and mutual funds.
The CAS is generated on a quarterly basis for government securities.

It is important to note that the frequency of the CAS may also vary based on the transactions carried out in the account. In case of any transactions or corporate actions in the account, a new CAS may be generated to reflect the changes in the holdings or transactions.

Investors can also request for an ad-hoc statement or a physical copy of the CAS from their depository participant (DP) at any time. It is recommended that investors regularly check their CAS to monitor their investments and ensure that there are no discrepancies in their holdings or transactions.

Pre-requisite for Downloading Consolidated Account Statement

To download the Consolidated Account Statement (CAS), investors need to ensure the following pre-requisites:

Valid demat account: The investor must have a valid demat account with either Central Depository Services Limited (CDSL) or National Securities Depository Limited (NSDL).
Up-to-date contact details: The investor’s email ID and mobile number must be updated and registered with their depository participant (DP). The CAS is sent to the registered email ID and mobile number.
Internet banking facility: The investor must have an active internet banking facility enabled for their bank account linked with their demat account. This will enable them to access their demat account online and download the CAS.
Unique Client Code (UCC): The investor must have a unique client code (UCC) assigned by their DP. The UCC is a unique identifier assigned to each investor to track their holdings in the demat account.
Knowledge of DP details: The investor must have knowledge of their DP details, including their DP ID, client ID, and PAN number, which will be required to log in and access their demat account.

Once the above pre-requisites are in place, investors can log in to their demat account through the respective websites of CDSL or NSDL using their login credentials. They can then navigate to the CAS download section to view and download their statement. It is important to regularly check the CAS to monitor investments and ensure that there are no discrepancies in the holdings or transactions.

FAQs on Consolidated Account Statement

What is a Consolidated Account Statement (CAS)?

A Consolidated Account Statement (CAS) is a statement that provides a comprehensive view of all the investments held by an investor in a single demat account across different securities such as equity, debt, mutual funds, etc.

How often is the CAS generated?

The frequency of the CAS depends on the type of securities held in the demat account and the depository with which the account is held. CDSL generates the CAS on a monthly basis for equity and equity-related instruments, and on a half-yearly basis for debt instruments and mutual funds. NSDL generates the CAS on a monthly basis for all types of securities, except for government securities which are generated on a quarterly basis.

How can I register for the CAS?

Investors can register for the CAS by providing their email ID and mobile number to their depository participant (DP). The DP will then update the investor’s contact details in their records, and the CAS will be sent to the registered email ID and mobile number.

Can I request for a physical copy of the CAS?

Yes, investors can request for a physical copy of the CAS to be sent to their registered address by post. They can make the request to their DP, who will then initiate the process.

Can I download the CAS online?

Yes, investors can download the CAS online by logging in to their demat account through the respective websites of CDSL or NSDL. They can then navigate to the CAS download section to view and download the statement.

Can I get an ad-hoc statement in case of a discrepancy?

Yes, investors can request for an ad-hoc statement in case of a discrepancy or to view their holdings or transactions in a specific period. They can make the request to their DP, who will then generate and send the statement.

Is it mandatory to receive CAS?

Yes, it is mandatory for depositories to provide CAS to their investors as per the Securities and Exchange Board of India (SEBI) regulations.

What information is included in the CAS?

The CAS provides details of all the investments held by an investor in a demat account, including equity and debt securities, mutual funds, and government securities. It also provides details of all the transactions carried out in the account.

What should I do if I have not received the CAS?

If you have not received the CAS, you should first check your registered email and mobile number, and contact your DP to inquire about the status of the statement. You can also check your spam/junk folder or request for a physical copy of the statement to be sent to your registered address.

Conclusion

To sum up, Consolidated Account Statement (CAS) is a valuable document that provides investors with a consolidated view of their investments across different securities in a demat account. CAS is generated by depositories like CDSL and NSDL on a regular basis and is mandatory as per SEBI regulations.

To download CAS, investors need to have an active demat account with a registered email and mobile number, an internet banking facility, and knowledge of their DP details. It is important for investors to regularly monitor their CAS to ensure the accuracy of their holdings and transactions.

In case of any discrepancies or if the investor has not received the CAS, they should contact their DP to resolve the issue. Overall, CAS is a useful tool for investors to track their investments and make informed decisions.