How Depository participant (DP) works
The depository maintains the infrastructure while the participant services the account, instructions and records. A broker can also be a DP, but trading and depository charges or responsibilities are distinct.
An example
When ETF units are bought on exchange, they settle into the investor's demat account serviced through the DP rather than a mutual-fund folio.
Why it matters for your family
Families should preserve account details and nomination, review charges and use official channels for changes. Never share passwords or OTPs with an intermediary's representative.
Questions people ask
- What does Depository participant (DP) mean?
- A depository participant is an intermediary through which investors access depository services for securities held in electronic form.
- Why does Depository participant (DP) matter for a family?
- Families should preserve account details and nomination, review charges and use official channels for changes. Never share passwords or OTPs with an intermediary's representative.
- Where can I verify information about Depository participant (DP)?
- Start with SEBI Investor, linked on this page, and the current official document for the product or tax year involved.