Investor Protection Fund: The National Stock Exchange (NSE) on Tuesday announced that it has increased the maximum claim amount of its Investor Protection Trust Fund to Rs 35 lakh.
This new limit applies to claims filed against trading members who have been declared defaulters or expelled. The limit for individual claims has been increased from Rs 25 lakh to Rs 35 lakh per investor per claim, as per the NSE bylaws.
The Investor Protection Fund (IPF) was set up by the NSE to compensate investors when defaulters’ assets are not sufficient to cover their admitted claims. The fund also aims to promote investor education, awareness and research.
The National Stock Exchange (NSE) has increased the maximum claim amount of its Investor Protection Trust Fund to ₹35 lakh, with immediate effect.
This new limit applies to claims against trading members who have been declared defaulting or expelled. The increase raises the limit for individual claims from Rs 25 lakh to Rs 35 lakh per investor per claim.
The Investor Protection Fund (IPF) was established by the NSE to provide compensation to investors when defaulters’ assets are not sufficient to satisfy their claims. The fund also supports investor education, awareness and research initiatives.
(With PTI inputs)
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