If you already have a demat account with a depository, the chances are that you would have received something known as the demat account statement or a Consolidated Account Statement (CAS). These statements are basically sent out to every demat account holder periodically via email and consist of a wide range of details and information pertaining to their account.
The demat account statement or the CAS usually consists of two parts - statement of accounts and statement of demat holdings. The statement of accounts basically provides the reader with detailed information regarding all of the transactions that took place in the demat account for a particular period. And the statement of demat holdings provides comprehensive information regarding all of the investments held under the demat account and includes stocks, bonds, mutual fund units, and more.
It is essential for every demat account holder to know what the demat account statement entails and how to read through it. And so, let’s take a look at some of the important information that the statement carries and what they imply.
Here is some of the key information that a demat account statement or a consolidated account statement (CAS) carries.
1. Personal details
Every demat account holding statement or CAS displays your personal details such as your name, your address, and your contact information. Whenever you’re reading through the statement, ensure that the information displayed in this section is true and accurate. If it isn’t, get it rectified immediately.
2. Folio number
The folio number is basically a unique identifier that’s issued to every demat account holder. No two holders can ever have the same folio number. So, when reading through your holding statement of the demat account, it is a good idea to check if it displays the right folio number allotted to you.
3. Mutual fund information
The demat account statement also contains information regarding any mutual funds that you may have. This section displays not only the name of the funds that you own, but also the number of units that you currently hold and the growth rate.
4. Dividend payments
If any of your stock or mutual fund holdings paid out dividends during the statement period, you can find information regarding it in this section of the demat account holding statement.
5. Summary of transactions
As you’ve already seen above, your demat account statement comes with detailed information of all of the transactions that you carried out during the statement period. You can find your transaction summary in this section. All of the shares that you sold will show up as debits, whereas all of the shares that you bought will show up as credits.
6. Current balance
The current balance in a statement of demat holdings denotes the securities that you currently hold in your demat account and the details of the same.
7. Free balance
The free balance in a holding statement of the demat account denotes the securities that are free for trading and transfers.
8. Locked-in balance
The locked-in balance in a demat account holding statement denotes the securities that are currently locked and unavailable for trade or transfers. You’re only allowed to carry out pledging or unpledging activities.
9. Pledged balance
The pledged balance in a demat account statement denotes the securities that you’ve currently pledged. Until you release the pledge, these securities cannot be used by you.
Hope you now know how to read a demat account statement. If you don’t have a demat account already, don’t worry. You can open a demat account online for free. All that you need to do is visit the website of Motilal Oswal, fill, and submit an application form.
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