Demat accounts form the lifeline of trade in the stock market. They act as repositories of all your securities, shares, debentures, bonds, and mutual funds, and make possible their sale and purchase. Checking your Demat account holding statement is not very different from monitoring your bank account. When you sell or buy a security, you simply need to look at the debit and credit columns of your statement of Demat holdings.
Composition of Demat Account Statement
It is necessary to keep a record of the assets you have sold or bought, the details of such transactions, as well as the total balance of all your securities. Your Demat account ensures that you can comprehensively access all this information. To this end, your Demat account statement is bifurcated into a statement of accounts and a statement of Demat holdings.
Statement of accounts
The statement of accounts details all transactions undertaken by you through your Demat account. The debit column reflects all assets that you have sold, while under the credit column, you can find all stocks or securities that have been added to your account upon purchase.
Demat account holding statement
The Demat holding statement, on the other hand, indicates the total assets held in your account. This is the total of your current, free, locked-in, and pledge setup balances. Here’s what these balances entail:
Your current balance is the sum total of all the units you hold, including stocks, mutual funds, securities, bonds, debentures and others. These include all your assets divided among free, locked-in and pledge setup balances as well.
Free balance represents the actual number of your assets against which you can sell your assets. It refers to the units in your Demat account that can be traded “freely”.
All assets that do not qualify for trading are categorised under your locked-in balance. Only pledge transactions -- whereby an investor can use securities as a mortgage against a loan -- can be carried out against these.
Under your pledge setup balance, you can check the assets that have been pledged to a certain beneficiary.
View Demat Holdings Directly
The National Securities Depository Limited (NSDL) and Central Depository Services (India) Ltd (CDSL) are two entities that host Demat accounts. To access your Demat holding statement directly, without mediation from your broker, you may register for the web services of the depository with which you have opened your Demat account.
NSDL requires users to log in with their 14-digit number prefixed with 'IN' to check your Demat statement, which can be done via their IDeAS service. Meanwhile, CDSL necessitates that you use your 16-digit ID to log in. Their 'Easi' service makes it easier to access your account on the web.
Consolidated Account Statement
For investors who have multiple Demat accounts under either NSDL or CDSL, or even mutual funds that are registered under Registrar and Transfer Agents (RTAs), the provision of a Consolidated Account Statement (CAS) has been made. As per norms, the consolidated statement is issued by the depository under which you opened your first online Demat account, making it your default depository.
The CAS is a statement of investments and transactions made through several brokers and Demat accounts. In case you have been actively transacting with the help of any brokers or using any account, a monthly CAS is sent to you, but if there has not been any activity in any of your accounts for six months, the statement is released half-yearly.
You may choose to register directly with your depository and check your Demat statement on either NSDL or CDSL web portals. Alternatively, if you operate multiple Demat accounts in India, you may sign up for a consolidated statement.