Portfolio Tracking
It is very important for a wealth management app to provide portfolio tracking to users. Registrar and Transfer Agents (RTAs) and depositories have entire portfolio details of every customer. RTAs provide consolidated account statement (CAS) by email grouping and depositories by PAN grouping.
CAMS
For the convenience of Mutual Fund investors, Registrar and Transfer Agents (RTA) CAMS and KFintech come together to provide a consolidated account statement (CAS) through e-CAS via a mail-back service. Both KARVY and CAMS have provided web portals for investors to trigger this to their registered email id. Customers could select the period for which they need the statement. The advantage of CAMS is that they provide detailed transaction details for any time period. This is not available in the CAS from NSDL/CDSL. NSDL/CDSL provides the report with period transactions only and period is not customizable.
DEMAT holding may not be reflected in CAMS CAS
This statement may not reflect the complete information on your DEMAT holdings. Please use NSDL/CDSL for details on DEMAT holdings.
NSDL
NSDL CAS is a single statement of all your investments in the securities market. NSDL CAS includes investments in equity shares, preference shares, mutual funds units, sovereign gold bonds, corporate bonds, debentures, securitized instruments, money market instruments and government securities held in Demat. It also includes details of your investment in mutual fund units which are kept in statement or folio form with different mutual fund companies. All investments held in single or joint names with you as the sole/first holder are also a part of the NSDL CAS. As per SEBI guidelines, if there is any transaction in any of the Demat accounts of an investor or in any of his/her mutual fund folios, then CAS will be sent to the investor via email in the following month with the transaction details executed along with the holdings. Hence, if the investor has done transaction(s) in every month, then he/she will get CAS every month. However, in case there is no transaction in any of the mutual funds folios and Demat accounts in any month of the year, then CAS with holding details will be sent to the investor on a half yearly basis viz., CAS will be sent with holdings as on March and September end in the next month viz., April and October.
CDSL
CDSL CAS parser is currently not supported
In line with NSDL CAS, CDSL also provides a CAS. This is not currently supported by our APIs. We are in the process of supporting that also shortly.
To incorporate CAS in wealth apps one major challenge is that there are no APIs provided by any of the CAS providers. Radiowire provides simple APIs to trigger these reports from CAMS and handles request timeouts from CAMS gracefully by incorporating retries. Although most reports hit the mailbox instantly, it can take up to 24 hours at times. These reports are in PDF format and are not readable by the app without parsing them to show them in a user-friendly format. Radiowire has APIs for parsing these PDF reports to create structured JSON responses.