NSDL, CDSL launch unified app to streamline financial data: How will it benefit investors to manage portfolios?

Unified Investor App: NSDL (National Securities Depository Limited) and CDSL (Central Depository Services Limited), in collaboration with capital markets regulator Securities and Exchange Board of India (SEBI), have launched a mobile app Unified Investor Platform for investors to manage their portfolios. 

The new platform combines MyEasi by CDSL and SPEED-e by NSDL, to provide investors with a consolidated view of their financial data, including details on shareholdings, investments, and financial statements. According to NSDL, the platform is designed to streamline the fragmented financial information across various accounts, offering a secure and accessible trading space for investors.

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Unified Investor App: How will it benefit investors to manage portfolios? 

-A consolidated view of their securities across both CDSL and NSDL, eliminating the need to log into multiple platforms

-Transaction cum Holding Statements in one place, streamlining portfolio management and enhancing convenience

-Monitoring open positions and margin details across various exchanges and clearing corporations, making it easier to track investments and manage risks.

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With a single-login system, investors can view their holdings and recent transactions seamlessly, ensuring faster decision-making based on up-to-date financial data. Each app is built with robust security measures, including a two-factor authentication, to ensure a safe and secure user experience. The unified app features can be accessed on MyEasi app by CDSL and SPEED-e app by NSDL.

Designed for ease of use and accessibility, the new platform aims to offer a seamless interface on Web, iOS, and Android platforms, making it a convenient tool for investors looking for a unified investment management experience.

SEBI Chairperson Madhabi Puri Buch, at the app's launch event in Mumbai on February 20, emphasised that the new platform represents a significant step toward democratizing investing for users. She explained that, historically, the access to such tools and detailed portfolio insights was a privilege reserved for large institutional investors with dedicated relationship managers. 

"However, with this platform, retail investors now have the same level of access to information, enabling them to optimise their portfolios and make more informed decisions. “It’s not about market share or P&L; it’s about putting the investor at the centre of everything,” said SEBI chief Buch.

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The platform also addresses key challenges, including eliminating fraudulent intermediaries by sourcing data directly from exchanges, depositories, and clearing corporations, ensuring that investors receive data from the most reliable sources. The direct access to data minimises the potential for fraud and unauthorised intervention, which has historically been a significant issue for investors.

The new Unified Investor App can simplify asset transmission and inheritance for investors. With the platform consolidating all financial data, investors will also be able to manage the data and pass on their assets to their respective heirs.

“As a key enabler of the securities market, we are committed to enhance our capabilities and infrastructure to support the growth and resilience of the financial system. Under the aegis of SEBI, multiple initiatives have been implemented to safeguard the investors like CUSPA, T+0 settlement cycle; and with the unifying features for investors, we are working towards setting standards for global best practices,” said Vijay Chandok, MD & CEO, NSDL.