NSE Raises Investor Protection Fund Ceiling to Rs 35 Lakh
Aug 13, 2024 22:27
The National Stock Exchange (NSE) has increased the ceiling amount payable out of its Investor Protection Fund Trust to Rs 35 lakh per investor per claim.
Photograph: Danish Siddiqui/Reuters
New Delhi, Aug 13 (PTI) The National Stock Exchange (NSE) on Tuesday said the ceiling amount payable out of its Investor Protection Fund Trust has been increased to Rs 35 lakh.
This limit will be applicable for claims received against the trading members, who have been declared defaulter or have been expelled.
As per the exchange byelaws, the Investor Protection Fund Trust (IPF) has increased the maximum permissible limit against a single claim to Rs 35 lakh per investor per claim from the current Rs 25 lakh, NSE said in a statement.
NSE established an Investor Protection Fund with the objective of compensating investors in the event of defaulters' assets not being sufficient to meet the admitted claims of investors, promoting investor education, awareness and research.
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