Increase in ceiling amount payable out of Investor Protection Fund Trust
Increase in ceiling amount payable out of Investor Protection Fund Trust
The Economic Times
NSE hikes ceiling amount payable out of Investor Protection Fund Trust
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.
Updated on: 26/09/2024
