If you are already an Expowealth user, perhaps you've already tried our Upload CAS feature. It makes tracking all your mutual fund holdings very easy just with the click of a single button. And since we help with transactions as well, you can start managing your portfolio right away!
However, many of our users also hold direct equity, corporate bond and other holdings through one or more demat accounts. One has to either track these investments through the reports sent by the broker or has to view the lengthy CAS statements sent by NSDL/CDSL to try and figure out what they hold and how is it performing. With this in mind, we thought there could be a better way to manage all your investments, without the need to go through those sign-up forms and painstakingly enter all the data.
Expowealth has created a CASREADER, with the ability to process and create a beautiful dashboard from a user's CAMS, NSDL and CDSL CAS statements. But before we go into all of that, let us understand all those fancy abbreviations we just threw in a single sentence.
What is a CAS statement?
Consolidated Account Statement (CAS) is the result of interim Budget 2014. The finance ministry directed the various transaction backends (NSDL, CDSL for demat accounts; RTAs for mutual funds) to consolidate each user's financial holdings and present them to the user in a single file. Probably, this was one of the most important directives to make the life of the retail investor hassle free.
What are NSDL and CDSL?
NSDL (National Securities Depository Limited) and CDSL (Central Depository Services Limited) hold demat accounts for our financial securities (equities, bonds, etc), just how our bank account holds our cash holdings. Whenever you purchase any stock or bond from your broker, they are deposited in your demat account held either with NSDL or CDSL. Similarly, whenever you sell any of your assets, the broker debits the respective securities from your demat account.
Who is an RTA?
Registrar and Transfer Agents (RTAs), in mutual fund parlance, are effectively the back-office centres for the fund houses. Everything from time-stamping your investments, to issuing units in your chosen scheme is all managed by an RTA. There are only four such RTAs for all the fund houses in India - CAMS, Karvy, Franklin and Sundaram.
So how does the CAS work?
If you only have mutual fund units in folios held with the fund houses, one would receive a CAS statement with detailed holdings across all the fund houses. This statement is received at least once a quarter. The RTA's somehow consolidate the data between themselves to send a single statement to the end user. The same statement can be requested by going to the website of either CAMS or Karvy. Visit our Upload page to get detailed instructions on how to get the report.
If you also happen to hold a demat account, you'll receive the CAS report only from NSDL or CDSL (depending on where you hold your account). This statement will have a detailed holding of your stocks, mutual funds (in demat as well as folios), bonds, and even insurance policies. This statement is also sent at least once a quarter directly to the registered email address of the user.
In case of NSDL, this email comes from "NSDL-CAS@nsdl.co.in"
In case of CDSL, this email comes from "eCAS@cdslstatement.com"
How does Expowealth CASREADER work?
The CASREADER utility at expowealth has three separate uploaders.
CAMS CAS output: If you only want to get a view of your mutual fund holdings, all you need to do is upload your CAMS CAS statement as instructed on the website to get a sample output as below. Along with IRR and returns, you'll also get a detailed P&L report and Tax statement for historical years. You'll also see the effect of the Budget 2018 on your tax statement.
NSDL/CDSL CAS output: If you need a detailed view of all your financial holdings, just upload the latest CAS statement that should already be there in your email.
For NSDL, the CAS will come from "NSDL-CAS@nsdl.co.in"
For CDSL, the CAS will come from "eCAS@cdslstatement.com"
We hope that the Expowealth CASREADER will make it easier for you to better understand your portfolio. Kindly note, we cannot guarantee accuracy with regards to the output of the utility though we will keep updating it to the best of our efforts. If you face any issues, please feel free to reach out to firstname.lastname@example.org.