National Stock Exchange The limit of claim in the Investor Protection Fund Trust has been increased by the NSE. After this, investors can demand compensation of up to Rs 35 lakh in a single claim. Earlier this limit was Rs 25 lakh. In a statement issued by NSE, it was said that this limit has been increased for those trading members who are declared defaulters or are expelled. NSE further said that under Clause 15 of Chapter XIII of the Exchange By-Law, the limit of payment to the investor on a single claim has been increased from Rs 25 lakh to Rs 35 lakh. It further said that this limit is for those trading members who declare themselves as defaulters or are expelled for any reason.
Benefits are available on being declared a defaulter
The Investor Protection Fund was started to rescue investors from a situation when they do not have assets to meet their liabilities and declare themselves as defaulters. The number of investors in the country is increasing rapidly. The number of unique investors registered in the country has crossed the figure of 10 crores. At the same time, the total number of client codes (accounts) has reached 19 crores.
Nifty gave a return of 11.8 percent
According to the data of the exchanges, from the beginning of this financial year till July 31, Nifty has given a return of 11.8 percent. At the same time, the Nifty 500 index has given a return of 16.2 percent to investors in the same period. NSE’s April-June quarter profit has increased by 39 percent year-on-year and has increased to Rs 2,567 crore. In the first quarter of the current financial year, the company’s income has increased by 51 percent year-on-year to Rs 4,510 crore.
Input: IANS
Latest Business News
