CDSL (A Depository worth Depositing your money)
BUSINESS Bifurcated into Annul Issuer charges, Transaction Charges, IPO/Corporate action charges, Online Data charges & Others. Annual Issuer Charges: Annual issuer fees and processing fees related to corporate transactions to issuers (listed as well as unlisted live companies). Non-cyclical and not linked to market. The big opportunity related to demat of 60K unlisted public companies is unfolding. Transaction Charges: Per debit transaction in demat account (i.e. delivery is taken), a nominal fee is charged IPO/Corporate action charges: Listing charges, changes in shareholding etc actions. Online data charges: KYC documents are held in demateralise form for banks,mutual funds, insurance,stock brokers etc). Others(e-voting, CAS, Govt etc): Email and statement charges,account charges, e voting charges Some Diamond Points: Asset Light Model, High Free Cash Flow Generation and Duopoly Market. As Equity AUM to GDP is very low in India and no. of people investing into ...