CDSL Ventures Limited (CVL) is a wholly owned subsidiary of Central Depository Services (India) Limited (CDSL), a leading securities depository in the country. CVL derives its confidence from its team, which has a 'Securities Market Domain Expertise'. CVL has in place a stringent policy and systems to ensure confidentiality of data. Strong electronic and physical security measures ensure security of confidential data.
At CVL, ethics, values and reputation are vital to our philosophy. Our aim is to be globally respected as an ITES company. We, at CVL, believe in empowering our people so that they handle challenging assignments and exceed customer expectations. Our people are oriented to be fair and uncompromising in their efforts to ensure external as well as internal customer satisfaction. We lay special emphasis on integrity because of the trust that our clients place in us.
The provisions of The Prevention of Money Laundering Act, 2002 (PMLA), has made it mandatory for all Mutual Funds to comply with the 'Know Your Client' (KYC) norms of the applicants desirous of subscribing to their 'units'. In this regard, CVL has been mandated by the Mutual Fund industry to create the necessary infrastructure in order to handle the KYC on behalf of the Mutual Fund Industry. CVL is handling the work of "Customer profiling and Record keeping" for issuance of Know Your Client (KYC) acknowledgement to mutual fund investors.
As a result, all applicants will now have to submit their PAN card copy (which serves as Proof of Identity (PoI) and Proof of Address (PoA) only once to the designated Point of Service (PoS) centers spread across the country. After confirming the credentials of the investor, the PoS issues KYC acknowledgement letter that needs to be submitted along with the mutual fund investments.
CDSL Ventures Limited (CVL) is a wholly owned subsidiary of Central Depository Services (India) Limited. In addition, to securities market, CVL also makes available the services of Academic Depository to all Academic Institutions via CVL National Academic Depository (CVL NAD). CVL NAD is a system of creating and holding award details in electronic form and making them available for Verification to Employers and those AIs who are offering higher studies.
CVL NAD aims to bring in a wide range of benefits to Academic Institutions (AI), Students and Employers/Verifiers in the form of enhanced transparency, reduction in costs, better service standards and above all, mitigates reputation risk by eliminating fake/forged certificates. We, therefore, propose to offer our services for implementation of a cost effective, convenient and yet a secure digital depository solution.