In order to enhance investor awareness, transparency and ease of access to information relating to securities holdings, the Depositories (CDSL/NSDL), in co-ordination with SEBI, have upgraded their respective investor applications (link of mobile application mentioned below) providing a consolidated, bird’s eye view of investors’ holdings in securities markets.
CDSL – MyEasi app
https://apps.apple.com/in/app/cdsl-myeasi-app/id6737304195
https://play.google.com/store/apps/details?id=com.cdsl.myeasi
NSDL – Speede app
NSDL Speede App App - App Store
NSDL Speede App - Apps on Google Play
The above-mentioned applications of CDSL and NSDL have following features:
• Consolidated view of securities of client across both the Depositories eliminating the need for multiple login;
• Transaction and holding statements at one place improving portfolio management by investors;
• Monitoring of open positions and margin details across Stock Exchanges and Clearing Corporations;
• Option to exercise E-voting on company resolutions; and
• Access to recommendations of proxy advisers on resolutions.
As advised by SEBI, Trading Members are requested to promote CDSL/NSDL investor mobile applications to increase awareness and encourage more investors to use the benefits of these digital platforms. Accordingly, you are hereby advised to undertake the following actions:
• Display and publicise information about the investor applications of Depositories prominently on your websites, mobile applications and investor interfaces;
• Inform and educate investors about the key features and benefits of the investor applications through appropriate modes of communication such as emails, SMS alerts, notifications, etc.; and
• Encourage investors to download and use the investor applications for accessing consolidated information relating to their securities holdings.
Trading Members are requested to take necessary steps to ensure compliance with the above mentioned actionable and devise appropriate mechanisms for effective dissemination of information to investors.