CDSL share price rises 3% after company launches unified investors app with NSDL

These features are believed to be a major step towards democratising investor access to crucial financial data across market infrastructure institutions (MIIs).

During the morning trade, shares of CDSL were trading at ₹1,283 per share, rising 2.7% on NSE. However, shares of the firm closed 0.07% higher at ₹1,250.10 per share.

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

The apps will offer investors access to information like a consolidated view of their securities across both CDSL and NSDL, eliminating the need to log into multiple platforms; transaction cum holding statements in one place; streamlining portfolio management; and enhancing convenience and monitoring open positions and margin details across various exchanges and clearing corporations, making it easier to track investments and manage risks effectively.

Speaking about the launch, Madhabi Puri Buch, Chairperson, Securities and Exchange Board of India (Sebi), said: “In an effort to 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 empowering the investors to make informed voting decisions on AGM resolutions of listed companies.”

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.

“This joint launch is a testament to the collaborative efforts of the regulator and the depositories towards making an Aatmanirbhar investor. Now, irrespective of your primary depository holding account, you can access all your investments, margin positions, and holding statements in one place,” said Nehal Vohra, managing director and CEO of CDSL.

Established in 1999, Central Depository Services (India) Limited (CDSL) set out with a clear mission: to offer convenient, dependable, and secure depository services.