DEPOSITORY PARTICIPANTS

By: Ivana Saini & Shaurya

Malik
CM14218, CM14227
DEPOSITORY
Place where financial securities (stocks,
bonds, debentures, government securities
etc.) are held in dematerialized form
Indian Depositories:
National Securities Depository Ltd. (NSDL)
Central Depository Services India Ltd. (CDSL)
Functions:
Maintenance of Ownership records
Facilitation of trading in demat securities.
Depository Participant
An agent of depository
Intermediate between depository and
investor.
Obtains certificate of registration from SEBI
Depository does not charge anything for
credit and custody of securities
DP levies some add ons to the amount
charged by depository.
Who can Become the DP’s?
Acc to Depositories Act,1996, SEBI
( Depositories and Participants) Regulations
1. Financial Institutions
2. Banks including approved foreign banks
3. Custodians
4. Stockbrokers
5. Clearing Corporation or Clearing House
6. NBFC
7. R & T agents (Registrar and Transfer)
Criteria For becoming a DP
Min net worth of 50 Lakhs for:
Stockbrokers
R & T agents
NBFC
If a stockbrokers seeks to act as DP in more
than one depository. It should comply with
specified net worth criteria for each.
DP’s listed with NSDL
ICICI Bank Ltd ( Bank)
Abu Dhabi Commercial Bank Ltd (Foreign
Bank)
Eureka Stocks and Share Broking Services
Ltd (Brokerage Firm)
Indiabulls Securities Ltd. (NBFC)
Adityabirla Nuvo Ltd. ( R & T)
DP’s listed with CDSL
Bank of Baroda
Capital Wizard Stock Broking Pvt. Ltd.
Dalmia Securities Pvt. Ltd.
Karvy Stock Broking Ltd.
5 paisa Capital ltd.
Sharekhan Ltd.
Services Provided by DP
A/c opening
Dematerialization
Processing Delivery and Receipt (in case of trading)
A/c statement (monthly or quarterly)
Re materialization
Pledging
Nominations (for transfer of securities in case of
death of the holder)
Transmission of securities
Change in address
SMS facility
Eureka Stocks and Share Broking
Services Ltd
1. Brokering ( Equity, Derivatives, Currency and
Commodity)
2. Distribution ( Mutual Funds, IPO’s, Company Fixed
Deposits, Bonds and Debentures)
3. Portfolio Management ( management of client’s
financial portfolio who doesn’t have time and
expertise.)
4. NSDl Insurance Repository Scheme (NIR) ( for holding
all your insurance policies in e-insurance account)
5. SLBM ( Short Securities lending and borrowing)
6. NPS (National Pension Scheme)
7. EzeeWill ( will preparation and delivey to client)
Karvy Group
 Financial Services – Equity, Currency, Commodity,
Derivatives)
 Depository Participant Services
 Distribution ( mutual funds, Corporate Fixed
Deposits, Bonds, NPS)
 Portfolio Management
 Wealth Management ( gives wide range of
investment options like equity, debt and
alternative assets- venture capital and startup
funds), real estate and direct property purchases)
 Karvy Fortune ( obtaining a franchise and operate
on your own)
 Investment Banking
 Non Banking Financial Services ( Personal and
 ICICI Bank Ltd.
 Accounts – Savings account, 3-in-1 account
(banking+trading+demat), Salary Account,
PayLater Account etc)
 Deposits ( FDXtra, FD with monthly income,RD)
 Investments – PPF, Mutual Funds, Bonds etc
 Insurance – General Insurance, Car and Two
Wheeler insurance
 Tax services ( e-filing, GST registration and
updation)
 Loans ( Personal, Home, Car, Gold)
 Cards ( Credit Card, debit Card, personal Loan on
Credit Card, Travel Card)
 Agri and Rural – Tractor loan, agriculture term
Abu Dhabi Commercial Bank Ltd.
Personal and Commercial Banking
Accounts- Current, Savings, Guest Account, Active Saver Acc
( interest is calculated daily and credited monthly), Millionaire
destiny savings account ( monthly grand prize of AED
1000000), Fixed Deposit acc, E-business acc)
Loans and Mortgages- Education, personal, car and mortgage
loans
Cards- Credit and debit
Brokerage Services- Online trading and Margin Trading (in DFM
and ADX)
Investment and Protection – Portfolio management, various Index
Funds )
NRI Services ( Axis Bank, Kotak Securities, India Bill Pay)
Education savings
THANK YOU