The National Stock Exchange (NSE) on Tuesday said the upper limit for payments from the Investor Protection Fund Trust has been increased to Rs 3.5 lakh. The limit is applicable to claims received against trading members that have been declared defaulted or expelled.
In accordance with the exchange’s bylaws, the Investor Protection Fund Trust (IPF) has increased the maximum permissible limit per claim to Rs 3.5 million per investor per claim from the current Rs 2.5 million per claim.
The NSE established an Investor Protection Fund with the objective of compensating investors when defaulters’ assets are not sufficient to meet investors’ claims and to facilitate investor education, awareness and investigations.
