CDSL Vs NSDL: Analyzing Leading Depositories
What are Depositories?
The Institutions which
holds the investors' securities
(like shares, debentures, & mutual funds) in an electronic form in a Demat account.
Offer Demat accounts facility.
Hold & maintain a record of securities.
Make online trading easy.
Faster trade settlement.
Depositories in India
National Securities Depository Limited
Central Depository Services (India) Limited
Comparison of CDSL & NSDL
, NSDL is India's first depository institution, & In February
, CDSL was given the certificate of commencement of business.
CDSL: Zerodha, Groww, Upstox, AngelOne, etc.
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NSDL: Traditional brokers.
NSDL's revenues are stable, however, CDSL's revenue depends on market activity.
NSDL in those terms is
Number of Demat Accounts (FY’23)
CDSL’s success depends on discount brokers, who need to innovate to retain traders.
Depositories can't increase the cost of services because of the regulated pricing. So they diversify by entering businesses like KRA, e-insurance repositories, etc.
The Golden Record
India recently set a new record in the World financial market by transitioning to
Earn 9 - 11%
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