NSDL, CAS, CDSL CAS Statement of Holdings in all Demat Accounts, Mutual Funds

NSDL, CAS, CDSL CAS | Statement of Holdings in all Demat Accounts, Mutual Funds

NSDL, CAS, CDSL CAS: CAS or Consolidated Account Statement is a financial account that contains all the details of the investments and transactions one does in any mutual funds.

It has all the details of the mutual fund transactions mentioning whether it is a sale or purchase. It further includes other information like the NAV details.

This statement comes in handy in predicting your funds’ long-term performance and determines the time at which they result in long-term investment.

Furthermore, since the CAS has records of all the transactions, it helps in calculating your taxes. CAS also assists keep track of all your redemptions and dividends that come with the mutual fund investments.

Why Does One Need CAS?

According to the Interim Budget announcement in 2014 to create one record for all financial assets of every individual, SEBI had extensive consultations with the Depositories, AMFI and RTAs of Mutual Funds (MF-RTAs) to implement the concept of CAS.

CAS offers you exceptional assistance in processing the record of all the investment holdings.

Furthermore, one can easily control the investments they hold, their value and portfolio composition.

The CAS is directly linked to the depository directory. As a result, it indicates the actual status of your investments. It will help you in developing a strategy to manage your assets better.

As the first step in this direction, it has been decided to enable a single consolidated view of an investor’s investments in securities held in Demat form with the Depositories and Statement of Account (SOA) form with Mutual Funds (MF).

When Does One Receive CAS?

As per SEBI guidelines specified in circular number CIR/MRD/DP/31/2014 issued on November 12, 2014, if there is any transaction in any of the Demat accounts of an investor or any of his/her mutual fund folios, then CAS will be sent to the investor next month regarding transactions executed in the previous month with the holdings.

Hence, if the investor has done transaction(s) every month, then he/she will get CAS every month.

CAS will be sent withholdings on March and September end in the next month viz., April and October, respectively.

If no transactions occur in any of the mutual fund folios and Demat accounts, then CAS withholding details will be sent to the investor on a half-yearly basis.

However, in Demat accounts with nil balance and no transactions in securities and mutual fund folios, the investor is entitled to receive one physical statement annually.

Further, customers will have an option to send such a physical statement only for one year.

What Happens When An Investor Has More Than One Demat Account Across The Depositories? Which Is Considered As The Default?

Under such circumstances where an investor possesses multiple Demat accounts across the two depositories (i.e., with NSDL and CDSL), the depository owning the Demat account, which has been opened earlier, shall be counted as the default depository.

Further, that depository will consolidate details regarding Demat accounts across depositories and MF investments and dispatch the CAS to the investor.

By reminding the Depository Participant (DP) of the default depository from which he is collecting the CAS, the investor may seek a change of default depository to receive the CAS.

What is a Depository?

The word depository typically signifies a place of accommodation or storage where something is cached for security purposes.

Therefore, a depository is basically an organization that accepts cash deposits from its clients. To put it in simple words, it is an economic intermediary whose main function is to provide Demate account services.

A depository provides opportunities for an investor to purchase or sell their securities.

Securities in depository accounts can be considered synonymous with cash in a bank.

A depository serves as a connecting bridge between the listed companies that issue shares and the various shareholders and investors.

The primary function of the depository is to keep the shareholder’s shares in the dematerialized form.

There are two principal depositories in India:

  • NSDL: National Securities Depository Limited
  • CDSL: Central Depository Services Limited

Explain the Meanings of NSDL and CDSL?

NSDL stands for ‘National Securities Depository’, and CDSL stands for ‘Central Depository Securities Limited’. These are national depositories managed by SEBI, i.e., the Securities and Exchange Board of India.

In India, we have primarily two exchanges

  1. National Stock Exchange (NSE)
  2. Bombay Stock Exchange (BSE)

NSDL is the depository for NSE and was established in 1996.

CDSL is BSE’s depository and was established in 1999.

However, for various transactions, both of them can use either of the depositories.

NSDL is promoted by IDBI Bank Ltd., Unit trust of India and NSE. The significant shareholders of this are HDFC bank, and Standard charted, Oriental Bank Of Commerce, Axis bank limited, Citi bank, Deutsche Bank, State Bank of India, HSBC, Canara bank and Dena bank to name a few.


CDSL is supported only by BSE updated till December 2019. The significant shareholders of CDSL are HDFC Bank, Standard Charted Bank and Canara Bank.

A broker is responsible for opening a Demat account under a depository on the client’s part, and the securities are stored in that account in a dematerialized form.

Demat accounts maintained with CDSL have 16 numeric digits in them, and NSDL Demat accounts have two alphanumeric digits- ‘IN’, which signify INDIA and 14 numeric digits.

The active investor accounts in NSDL are 1.44 crores, in contrary to 1.06 crores of CDSL.

The online portal of NSDL is www.nsdl.co.in.

The website for CDSL is www.cdslindia.com.

The distinction between CDSL and NSDL include different Demat account number, their promoters, establishment years. However, their functions are the same, which include

  • Keeping of Demat accounts
  • Rematerialisation and dematerialization
  • Settlement of Trade
  • Transfers of shares
  • Market and off-market transfers
  • Distribution of non-cash corporate actions
  • Nomination/transmission
  • Account opening
  • Account statement
  • Editing account details

One must emphasize the duty of NSDL because the transformation from physical certificates to electronic certificates was, by and large, without any significant glitches.

What is the Demat Account Number, DP ID and Customer ID?

Every Demat account is assigned a unique 16-digit number called the Demat Account Number.

The Depository Participant or the DP is accountable for this purpose.

One must note that the Demat Account Number is also known as Beneficiary Owner ID or BO ID when it comes to CDSL.

CDSL Demat accounts have 16 numeric digits, while NSDL Demat accounts have two alphanumeric digits (‘IN’) and 14 numeric digits.

An example of a Demat Account Number of NSDL is IN12345678901234. Similarly, an example of a Demat Account Number of CDSL is 1234567890098765.

Although the Demat account number and the DP ID (Depository Participant Identification) are considered synonymous, they have a stark difference. The DP ID has nothing to do with the Demat Account.

The depositories CDSL and NSDL primarily assign the DP ID to a Depository Participant.

A Depository Participant is an intermediary between the various investors and a depository. They are the agents of NSDL and CDSL.

They may include vaults, financial institutions, any other establishment that guarantees security.

A Demat account number is a sequence of the DP ID and the customer ID of the Demat account holder. Usually, the first 8-digits of the Demat account number is the DP ID, where the last 8-digits of your Demat account number is the Customer ID of the account holder.

Considering CDSL, suppose your Demat account number is 1234567890654321; in such a case, 12345678 is the DP ID, and 90654321 is the customer ID.

Likewise, for NSDL, if a Demat account number is IN12345698765432, in that case, IN123456 is the DP ID, and 98765432 is the customer ID of the Demat account holder.

The Customer ID is the identification number that is unique for each individual and is assigned to you at the time of account opening.

Know more about NSDL and CDSL.

For any further queries regarding NSDL CAS, one can visit https://nsdlcas.nsdl.com.

You can also reach out to them at https://nsdl.co.in/contactus.php.

To register your feedback about CAS at NSDL, visit-CASfeedback@nsdl.co.in.

For any query about CDSL CAS, one can contact them through the Toll-free number 1800-22-5533. The official hours for contact are 10:00 A.M. to 6:00 P.M from Monday to Friday.

The official email address is complaints@cdslindia.com.

All about the Karvy Stock Broking pledging client’s shares

The NSE announced Karvy Stock Broking Limited (KSBL) on November 27, 2019, as a defaulter for non-compliance with various regulatory provisions of the bourse and suspended its membership.

The Securities and Exchange Board of India (Sebi) banned KSBL from carrying out any new transactions for supposedly stealing money and securities.

They misplaced the enormous amounts of the various investors to back its real estate arm, namely Karvy Realty.

SEBI had initially miscalculated the amount transferred by Karvy to be Rs 1,096 crore to its real estate business. However, the actual amount was approximate Rs.2,300 crore as per the reports by National Stock Exchange.

Since KSBL is expelled from the NSE membership and additionally, Sebi also banned the firm from taking new business, the exiting customers can’t carry out any further transactions through KSBL.

Stock exchange executives have notified that all the prior clients of KSBL have got their securities back and transferred to another brokerage firm.

They could also have possibly received the equivalent amount of their securities into their respective bank accounts.

Depositories and stock exchanges against Karvy will take disciplinary action.

How to Register for NSDL CAS?

To register for NSDL CAS, the following steps need to be carried out.

  • At first, the concerned person needs to visit the online portal of https://nsdlcas.nsdl. com from a suitable device.
  • After successful login, they need to select the NSDL E-CAS option to sign up for this facility.
  • There, they will need to enter their nine-digit CAS ID.
  • In case they are not aware of the CAS Id, they can avail the service ‘know your CAS ID’, which is available in the E-Cas section.
  • Then the candidate will have to enter a valid ten-digit PAN Number.
  • After entering the correct Captcha, they will have to Click Submit Button.
  • After selecting a suitable DP NAME & ID (Eg: XYZ Pvt. Ltd.(IN123456), the person will need to enter their Client ID (Eg: 09876543)
  • After entering the correct Captcha, they will have to Click Submit Button, and there will be successful registration.

How to Register for CDSL CAS?

  • At first, the concerned person will have to visit: https://www.cdslindia.com/cas/logincas.aspx.
  • After login, they will need to enter their Put in your PAN Card detail and BO ID.
  • Then they will have to enter their DOB and Click on the Submit option.
  • The portal will send a One Time Password (OTP) to their registered mobile number. After entering the OTP, they will click on the Submit button.
  • After successful submission, the candidate can download the e-CAS statement.

What does NSDL CAS Look Like?

The NSDL CAS is majorly a 7-page document with a high-quality display.

The first page is a welcome letter that contains the fundamental and essential details of the CAS statement.

The upper part of the page has access to five tabs, namely-

  • Summary
  • Holdings
  • Transactions
  • Your Account
  • About NSDL

Upon clicking on these options, the portal will redirect one to the appropriate pages.

The third page comprises the holdings’ essential details like how much amount has been invested in the stocks.

Besides, information about the mutual funds along with their NAV is also mentioned on page number 3.

Page 4 has the details of all the activities for the period for which the CAS is being created. This includes all the purchased and sold shares.

It summarizes all purchases or redemptions made in a specified period.

Page 5 is equipped with the customer care data with an exit option.

Page 6 and 7 have essential features about the NSDL and the CAS. They are informative pages.
What does CDSL CAS look like?

The CDSL CAS is not as illustrated as the NSDL CAS.

Although it not much beautiful, it serves its purpose.

All details about the Demat and Mutual Fund holdings are mentioned in an orderly manner. The presentation is a bit dull.

The details do not include the Folio number, unlike the NSDL CAS.
What is ISIN Code?

ISIN is the acronym for International Securities Identification Number.

Indian is part of the International Standards Organization or the ISO.

It sets the standards for the security possessions of the countries which fall under it.

ISIN is a 12-digit number identification number used for distinguishing the security of any country. The 12 digits are a series of alphanumeric numbers.

The whole number can be divided into three subsections:

  • prefix numbers
  • basic digits
  • suffix number

The prefix is a set of two letters that signify the country possessing security. The code for India is IN. Hence all the securities of the Demat start with an IN.

Furthermore, the basic digit comprises a string of nine alphanumeric numbers, which convey more details about the company and the type of security.

Lastly, the suffix number is a single digit used for authenticating the ISIN number.

In India, the ISIN number is assigned to the various securities by the Securities and Exchange Board of India, SEBI. The G-Sec RBI is responsible for authorizing the ISIN for Government securities.

ISIN number plays a very crucial role while transferring shares from one Demat to some other Demat.

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