CHAPTER - 4
What are Depositories, Depository Participants & their role?
If you buy something, you get a receipt in exchange for the same. So, for example, if you make an FD in a bank, you get an FD receipt. Similarly, if you buy a share, you get a share certificate as proof that you own those shares.
Until the year 1996, the physical share certificates were provided as proof of ownership of shares. But, with the initiation of the demat account, the shares are held in a dematerialized or digital form. Demat account act as a bank account wherein the shares are stored.
A depository holds the shares in dematerialized form on request by a shareholder. In India, there are two depositories – NSDL & CDSL
There is no difference between the two depositories; SEBI regulates both.
But, you cannot open a demat account directly with any of the depositories. For opening a demat account with a depository, you need to go through a Depository Participant (DP) who acts as a depository agent. E.g., Dealmoney is a depository participant registered with CDSL. SEBI also regulates a DP.
Latest Top 10 Performing Funds
| Scheme Name | NAV on | Holdings | Returns (%) | Fund Manager | Rating | |
|---|---|---|---|---|---|---|
| Tata Nifty Pvt Bank ETF | 112.1161 | ₹ 953.7591472 Cr | 24.1384707538614% | Sailesh Jain | 1 | |
| ICICI Pru Technology Fund(G) | 53.41 | ₹ 35414.76052571 Cr | 23.1765904789635% | Sankaran Naren , Vaibhav Dusad , Priyanka Khandelwal | 2 | |
| Edelweiss ETF - Nifty Bank | 2047.9931 | ₹ 72.31 Cr | 22.3638817077987% | Bhavesh Jain , Hardik Verma | 3 | |
| SBI-ETF Nifty Bank | 202.4212 | ₹ 242503.74 Cr | 22.2708812094408% | Raviprakash Sharma | 3 | |
| Kotak Banking ETF | 205.2306 | ₹ 379580.55 Cr | 22.2131952311096% | Devender Singhal , Satish Dondapati | 3 | |
| Motilal Oswal Nifty Bank Index Fund-Reg(G) | 7.3638 | ₹ 4036.5684866 Cr | 22.0669674905138% | Swapnil P Mayekar | 2 | |
| Tata Digital India Fund-Reg(G) | 13.9041 | ₹ 34333.78900578 Cr | 19.4938524951637% | Meeta Shetty , Rahul Singh | 2 | |
| Aditya Birla SL Digital India Fund(G) | 51.49 | ₹ 38115.86 Cr | 19.046875% | Kunal Sangoi | 5 | |
| Kotak Small Cap Fund(G) | 61.52 | ₹ 124241.39 Cr | 18.6944214108026% | Pankaj Tibrewal | 2 | |
| Quant Small Cap Fund(G) | 38.9382 | ₹ 176.1202212 Cr | 17.7394878340161% | Ankit Pande , Vasav Sahgal , Sanjeev Sharma | 1 |
| Scheme Name | NAV on | Holdings | Returns (%) | Fund Manager | Rating |
|---|