NSDL hits historic Rs 500 lakh crore milestone in Demat Assets
National Securities Depository Limited (NSDL), one of the largest securities depositories globally, announced on Friday, October 18, that it has reached a significant milestone of Rs 500 lakh crore (US $6 trillion) in assets held in custody.
This achievement marks a rapid increase in NSDL’s asset base. It took 18 years to reach Rs 100 lakh crore in June 2014, six years to cross Rs 200 lakh crore in November 2020, and just four more years to hit the Rs 500 lakh crore mark in September 2024.
On achieving this landmark, S. Gopalan, Interim MD of NSDL said, «We are very happy and proud to have reached this significant milestone of reaching US $ 6 Trillion in value of assets held in custody. We thank investors, market participants, regulators, and other stakeholders on this historic occasion.»
NSDL maintains a dominant 86% market share in the value of demat assets, with accounts spread across over 99.3% of India's pin codes. Supported by 63,000+ service centers across all states and union territories, NSDL has played a pivotal role in modernizing India’s securities market by enabling the secure holding and transfer of dematerialized securities. Its services include innovations like the NSDL SPEEDe App, API/technology integrations, Digital LAS, FPI monitoring, and India Bond Info.
Meanwhile, in Friday’s market activity, Indian benchmark indices Sensex and Nifty50 initially dipped due to a fall in IT stocks following Infosys's disappointing forecast. Infosys shares declined about 5% after its Q2 results. However,
