NSDL and CDSL provide depository services to investors and clearing members via market intermediaries called Depository Participants (DPs). NSDL and CDSL both doesn’t charge the investors directly but charges its DPs, who are free to have their own charge structure for their clients. In other words, the DP charges are applicable whenever an individual sell any share from … [Read more...]
NSDL: Consolidated Account Statement (CAS)
As per the Interim Budget announcement in 2014 to create one record for all financial assets of every individual SEBI had been a big discussion with the Depositories, Registrar and Transfer Agents (RTA) and the Association of Mutual Funds in India (AMFI) to implement the above concept for financial assets in respect of securities market. It had been decided to enable a single … [Read more...]