NSDL Hits Rs 500 Lakh Crore Demat Assets Milestone

18 Oct 2024 , 02:18 PM

One of the biggest securities depositories in the world, National Securities Depository Limited (NSDL), revealed on Friday, October 18, that it has achieved a noteworthy milestone of having Rs 500 lakh crore (US $6 trillion) in assets under custody.

With this accomplishment, NSDL’s asset base has rapidly increased. In June 2014, it took 18 years to achieve Rs 100 lakh crore; in November 2020, it took 6 years to reach Rs 200 lakh crore; and in September 2024, it took only 4 more years to reach Rs 500 lakh crore.

“We are very happy and proud to have reached this significant milestone of reaching US $ 6 Trillion in value of assets held in custody,” stated S. Gopalan, Interim MD of NSDL, upon reaching this milestone. On this momentous occasion, we extend our gratitude to regulators, investors, market participants, and other stakeholders.”

With accounts located in more than 99.3% of India’s pin codes, NSDL continues to have a commanding 86% market share in the value of demat assets. With the help of more than 63,000 service centres spread throughout all states and union territories, NSDL has made it possible for dematerialised securities to be held and transferred securely, which has been a crucial step in modernising India’s securities market. Innovations like the NSDL SPEEDe App, Digital LAS, FPI monitoring, API/technology linkages, and India Bond Info are among its services.

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