The National Stock Exchange (NSE) on Tuesday said it has raised the ceiling amount payable from its Investor Protection Fund Trust to Rs. 35 lakh has been made. This limit will apply to claims received against trading members who have been declared defaulters or expelled.
As per exchange bylaws, the Investor Protection Fund Trust (IPF) has raised the maximum permissible limit against a single claim from the current Rs. 25 lakhs per investor to Rs. 35 lakh, NSE said in a statement.
The NSE established an Investor Protection Fund with the objective of meeting admitted claims of investors, encouraging investor education, awareness and research, compensating investors in case of defaulters’ assets being insufficient.
(You can now subscribe to our ETMarkets WhatsApp channel)