NSDL and CDSL Launch UIP to Provide Consolidated Data to Investors

Current Context: On 20 February 2025, the National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL), in collaboration with the Securities and Exchange Board of India (SEBI), launched the Unified Investor Platform (UIP).

• This platform aims to provide investors with a consolidated view of their financial holdings, integrating data from MyEasi by CDSL and SPEED-e by NSDL.

Highlights:

• Consolidated Portfolio View: Investors can access a unified dashboard displaying their demat securities across both NSDL and CDSL accounts.
• Streamlined Investment Tracking: The app offers transaction and holding statements in one place, simplifying portfolio management.
• Enhanced Transparency and Security: By sourcing data directly from exchanges, depositories, and clearing corporations, the platform minimizes the risk of fraud and unauthorized interventions.
• Additional Features: Users can monitor open positions, margin details across various exchanges, and vote on shareholder resolutions.

Question:

Q.1 What is the primary objective of the Unified Investor Platform (UIP) launched by NSDL and CDSL in collaboration with SEBI?
a) To provide investment advisory services to investors
b) To offer a consolidated view of investors' financial holdings
c) To facilitate stock market trading for retail investors
d) To regulate mutual funds and depository participants

Answer: b) This platform aims to provide investors with a consolidated view of their financial holdings, integrating data from MyEasi by CDSL and SPEED-e by NSDL.