CDSL, BSE, CAMS, Kfin Tech, brokerage, AMC stocks in the spotlight; here is why

Brokerage stocks, AMC shares, Stock Market News: CDSL, BSE, CAMS and Kfin Tech as well as broking and AMC stocks were in focus on Thursday after capital market regulator Sebi proposed to raise the threshold for basic service demat accounts to Rs 10 lakh from Rs 2 lakh in a move set to boost retail investor participation. The development confirmed an earlier Zee Business report. A basic service demat account (BSDA) is a basic version of a regular demat account, a facility introduced by the regulator in 2012 in a view to ease the burden of demat charges on investors with small portfolios.

Currently, an individual can hold debt securities worth up to Rs 2 lakh and other than debt securities worth up to Rs 2 lakh in a single demat account to be eligible for BSDA.In order to further boost participation in the securities market and to facilitate ease of doing investments, the facility of BDSA has been comprehensively reviewed, Sebi said in a consultation paper, inviting comments till June 26.

It also proposed that the value of securities held in the demat account should not exceed Rs 10 lakh for debt and other than debt securities combined at any point in time.

Sebi also mentioned that one individual can only have one demat account where they are the sole or first holder and also have only one BSDA in their name across all depositories.

BDSA annual maintenance charges

Sebi also proposed a review of the maximum annual maintenance charges (AMC) appliable to basic service demat accounts. Here are the details of the proposed changes: 

• Nil AMC for for portfolio value up to Rs 4
• Rs 100 AMC for portfolio value over Rs 4 lakh and up to Rs 10 lakh
• Portfolio value above Rs 10 lakh will lead to automatic conversion into a regular demat account 

Sebi also stated that while electronic statements should be provided free of cost to such account holders, charges to the tune of Rs 25 per statement can apply for physical statements.

प्रस्ताव कि 4 लाख रु तक कोई भी डीमैट चार्ज नहीं लगेगा
प्रस्ताव 4 लाख से अधिक पर 10 लाख रु तक, 100 रु चार्ज
अभी 1 लाख रु तक की सिक्योरिटीज होने पर चार्ज नहीं है
अभी बेसिक सर्विस डीमैट अकाउंट की लिमिट 2 लाख रु है
बेसिक सर्विसेज डीमैट अकाउंट पर 100 रु ही डीमैट चार्ज
दलील है कि बदलते वक्त के साथ इसकी रकम बढ़नी चाहिए
राय मांगी कि लिमिट सिंगल हो या डेट जोड़कर 10 लाख रु
2012 में बेसिक सर्विसेज डीमैट की रकम 2 लाख रु तय हुई थी
बेसिक सर्विसेज डीमैट फ्री हो या चार्ज लगे इस पर राय मांगी
चार्ज 100 रु हो या फिर 500 रु रखा जाए इस पर राय मांगी
26 जून तक राय मांगी गई, राय के बाद अंतिम सर्कुलर आएगा
एक व्यक्ति का एक BSDA होगा, इलेक्ट्रॉनिंक स्टेटमेंट ही मिलेगा

A basic service demat account, or BSDA, is a more basic version of a regular demat account. The facility was introduced by Sebi in 2012 for reducing the burden of demat charges on investors with small portfolios.

At present, an individual can hold debt securities worth up to Rs 2 lakh and other than debt securities worth up to Rs 2 lakh in a single demat account to be eligible for BSDA.

In order to further boost participation in the securities market and to facilitate ease of doing investments, the facility of BDSA has been comprehensively reviewed, Sebi said in its consultation paper.

The regulator proposed that the value of securities held in the demat account should not exceed Rs 10 lakh for debt and other than debt securities combined at any point of time.

Listing out eligibility criteria, Sebi said an individual needs to have only one demat account where he/she is the sole or first holder and the individual needs to have only one BSDA in his/her name across all depositories. Additionally, the regulator has proposed to review the maximum annual maintenance charges (AMC) for BSDA.

For portfolio values up to Rs 4, Sebi has proposed that annual maintenance charge for a BDSA should be nil and for portfolio values of between over Rs 4 lakh and up to Rs 10 lakh, the charges should be Rs 100. However, if portfolio value exceeds Rs 10 lakh then BDSA should automatically be converted into a regular demat account.

With regards to services for BDSA, the regulator said that electronic statements should be provided free of cost to such account holders, besides, physical statements can be charged at Rs 25 per statement. The Securities and Exchange Board of India (Sebi) has sought comments till June 26 on the proposal.

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