No doubt, NSDL has more market share and also handles majority of the volumes. However there are some positives with CDSL like
- Clients (Companies/Brokers/MF’s etc) won’t switch to NSDL post listing as it’s a complex process.
- The charges are less with CDSL hence clients going to stick with it
- Most of the discount brokers (where the retail volumes are) are with CDSL hence steady income and future growth is somewhat certain.
- NSDL charges some premium hence only biggies my stick with them
- NSDL is not a new company to grab the current market share of CDSL post listing.
My two cents and happy to views/comments.
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