Central Depository Services (India) and National Securities Depository (NSDL) have launched new features in their investor apps, MyEasi (CDSL) and SPEED-e (NSDL).
“Typically, the comprehensive view of investor portfolio especially all securities assets including mutual funds and depositories and trading positions across brokers is enjoyed by institutional investors. This enables them to take informed decisions as they are better aware of their asset and trading positions. In an effort of 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,” said SEBI Chairperson Madhabi Puri Buch during the official launch of the app.
This initiative, backed by the SEBI, aims to provide investors with a consolidated view of their holdings across Market Infrastructure Institutions (MIIs).
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“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,” said in the press release.
Features available to investors
The newly integrated features allow investors to:
- View all securities in one place- Consolidated holdings from CDSL and NSDL on a single dashboard.
- Access portfolio details- Transaction and holding statements in one location for simplified portfolio management.
- Monitor positions across exchanges – Open positions and margin details across stock exchanges and clearing corporations can be tracked.
- Furthermore, the app includes a single-login system. Other features include two-factor authentication for data protection.
- The apps are available on Web, iOS, and Android platforms for accessibility.
“These unifying features in the Investor apps are aimed at democratising investor access. 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 at one place,” added Nehal Vora, MD & CEO, CDSL.
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