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Depositories collaborate for democratising investor information

by Our Corresspondent - Feb 21, 2025
Depositories collaborate for democratising investor information, News, KonexioNetwork.com

Mumbai/New Delhi: National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) are pleased to announce the launch of the unifying features in the investor apps of NSDL and CDSL. These features are believed to be a major step towards democratizing investor access to crucial financial data across Market Infrastructure Institutions (MIIs).

A SEBI initiative, this app was officially launched by SEBI Chairperson, Ms. Madhabi Puri Buch at an event held on 20/2/2025.

The unified investor web and mobile applications (SPEED-e by NSDL and MyEasi by CDSL), provide a secure and convenient platform that consolidates financial data from NSDL, CDSL, stock exchanges & clearing corporations, enabling investors to make informed decisions with ease.

The apps offer investors access to the following information:
  • A consolidated view of demat securities across both NSDL and CDSL, eliminating the need to log into multiple platforms
  • Transaction cum Holding Statements in one place, streamlining portfolio management and enhancing convenience.
  • Monitoring open positions and margin details across various exchanges and clearing corporations, making it easier to track investments and manage risks effectively.
 
With a single-login system, investors can view their holdings and recent transactions seamlessly, ensuring faster decision-making based on up-to-date financial data. Each app is built with robust security measures, including two-factor authentication, to ensure a safe and secure user experience. Designed for ease of use and accessibility, it aims to offer a seamless interface on Web, iOS, and Android platforms, making it a convenient tool for investors looking for a unified and efficient investment management experience.

Speaking about the launch, Ms. Madhabi Puri Buch, Chairperson, Securities and Exchange Board of India, said:
“Typically, the comprehensive vie of investor portfolio especially all securities assets including mutual funds and depositories and trading positions across brokers is enjoyed by institutional investors. This enables them to take informed decisions as they are better aare of their asset and trading positions. In an effort of democratise the securities market further, SEBI is delighted to see both the depositories collaborate and leverage technology to provide this product to the retail investors. The initiative also envisages empoering the investors to make informed voting decisions on AGM resolutions of listed companies.”

Mr. Vijay Chandok, MD & CEO, NSDL, said:
“The Unified Investor Application, a product of SEBI's vision and the combined expertise of NSDL and CDSL, aims to simplify and streamline the investment journey for investors. We believe this  ill provide investors  ith a unified portfolio view, streamlined transaction tracking, and enhanced monitoring of risk by consolidating demat holdings across depositories, statements, and margin details into a single platform. By leveraging our technological expertise, we intend to continue to empo er investors and contribute to the gro th of India’s capital markets. As a key enabler of the Indian securities market,  e are committed to continuously enhance our capabilities and infrastructure to support the gro th and resilience of the financial system. Under the aegis of SEBI, multiple initiatives have been implemented to safeguard the investors like CUSPA, T+0 settlement cycle; and  ith the unifying features for investors,  e are  orking toards setting standards for global best practices

Speaking on the occasion, Mr. Nehal Vora, MD & CEO, CDSL, said:
“These unifying features in the Investor apps are aimed at democratising investor access. This joint launch is a testament to the collaborative efforts of the regulator and the depositories to ards making an Aatmanirbhar investor. No, irrespective of your primary depository holding account, you can access all your investments, margin positions, and holding statements at one place. This initiative reflects our commitment to ensuring seamless access to important investor information, integrating technology with trust, providing a secure, efficient, and transparent platform. Our core mission remains focused on financial inclusion, market integrity, and investor awareness.