July 31, 2020
Investor Accounts 2,01,54,741
DP Service Centres 31,024
Demat Custody Value 190.11 (₹ Lakh Crore)
(US$ 2533 billion)

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SEBIs Circular on option to hold Mutual Fund units in demat form

SEBI has vide Circular No. CIR/IMD/DF/9/2011 dated May 19, 2011 mandated all Mutual Funds (MFs) /Asset Management Companies (AMCs) to do the following w.e.f. October 1, 2011

To simplify the process of subscribing and holding mutual fund units in demat form

  • MFs / AMCs to provide an option to the investors to mention demat account details in the subscription form.
  • AMC to print ISIN details on Statement of Account issued to investors of MF units.

(Ref: Circular No. NSDL/POLICY/2011/0080 dated October 10, 2011)

SEBI has been getting feedback from the investors that various SEBI registered intermediaries follow different KYC requirements. SEBI has vide Circular No. MIRSD/SE/Cir-21/2011 dated October 5, 2011 informed regarding uniform KYC requirements for the securities markets. Same KYC form and supporting documents shall be used by all SEBI registered intermediaries mentioned in the aforesaid circular.

(Ref: Circular No. NSDL/POLICY/2011/0081 dated October 10, 2011)

Launch of SPEED-e Direct

NSDL has enhanced its SPEED-e facility which includes the new feature i.e. SPEED-e Direct wherein instructions submitted by Users of SPEED-e (i.e. Clients and Clearing Members) can be directly transmitted to NSDL. This will eliminate the need to download and upload instructions by Participants. Participants will have the option to choose the Users of SPEED-e for whom they intend to offer this facility i.e., Participants will have the ability to register/de-register Users of SPEED-e for SPEED-e Direct.

(Ref: Circular No. NSDL/POLICY/2011/0084 dated October 15, 2011)

New feature on SPEED-e facility Selection of instruction and ISIN from SOH-SOT view screen

Earlier, Clients (i.e., beneficiary account holders) who have subscribed to SPEED-e facility were required to manually capture the ISIN(s) at the time of submitting instructions on SPEED-e. SPEED-e facility has further been enhanced to facilitate Clients (password and e-token Users) to select the type of instruction and ISIN(s) directly from the Statement of Holdings screen which will eliminate the need to manually capture the ISIN(s) at the time of submitting the instructions. For availing this facility, Clients should have subscribed to IDeAS facility as well.

(Ref: Circular No. NSDL/POLICY/2011/0087 dated October 22, 2011)

With effect from October 31, 2011, the revised deadline time for submission of instructions by Users of SPEED-e Direct through SPEED-e facility with current date as the execution date for intra and inter depository transfer instructions is as follows

Sr. No. Particulars Current deadline time for Users of SPEED-e Direct Revised deadline time for Users of SPEED-e Direct
1 Intra Depository transfers (i.e., transfers within NSDL) 8.15 pm 9.15 pm
2 Inter Depository Delivery Transfers (i.e., Client/CM Account Transfer to other Depository) 6.00 pm 7.00 pm

The deadline time for submission of instructions by Users of SPEED-e Direct through SPEED-e facility with current date as the execution date on Saturdays and Pay-in instructions on a Pay-in day for NSE, BSE, CSE & other Exchanges will remain unchanged.

(Ref: Circular No. NSDL/POLICY/2011/0089 dated October 31, 2011)

NSDL conducts training and certification programmes for Participants to increase the availability of trained personnel for depository operations. In October 2011, such programmes were conducted in Bangalore, Chennai, Lucknow, Mumbai, Nagercoil and New Delhi. In all, 240 persons attended the training programmes conducted at these locations.

In October 2011, following Participant became operational in NSDL

Sr. No. Participant Name City
1 S.S.A.T Consultants Private Limited (DP ID IN303989) New Delhi

The above additions take the total number of operational Participants to 281 and the total number of DPM set-ups to 359.

During October 2011, one more Participant has subscribed to the SPEED-e facility viz:

  • HSBC Invest Direct Securities (India) Limited (DP ID IN303825)

Clients of the above mentioned Participant can now avail of the facility of submitting various instructions through SPEED-e facility.

This takes the total number of Participants who have subscribed to SPEED-e to 112.

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