During the year CDSL has opened 23,35,492 new Demat Accounts and managing total 1,97,21,768 accounts, whereas NSDL has opened only 11,16,546 new Demat Accounts and managing total Accounts of 1,96,38,964.
CDSL is enjoying a 67% market share of incremental accounts opening. The true financial effect of these accounts will be seen during the higher volume in the market.
About the company Central Depository Services (India) Ltd
Central Depository Services (India) Limited operates as a securities depository in India. The Company offers services for a range of clients, such as depositary participants and other capital market intermediaries, corporates, capital market intermediaries, insurance companies and others.
The Company offers dematerialization for a range of securities, including equity shares, preference shares, mutual fund units, debt instruments, government securities. As a securities depository, the Company facilitates holding of securities in electronic form and enables securities transactions (including off-market transfer and pledge) to be processed by book entry.
The Company provides services for capital market intermediaries by offering to know your customer (KYC) services in respect of investors in Indian capital markets to capital market intermediaries including mutual funds. It also offers other online services, such as e-voting, e-Locker, easy (electronic access to security information).
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