Investor Protection Fund Trust
NSE has 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. The Investor Protection Fund is administered by way of registered Trust created for the purpose. The Investor Protection Fund Trust is managed by Trustees comprising of Public representative, investor association representative, Board Members and Senior officials of the Exchange.
The Investor Protection Fund Trust, based on the recommendations of the Member and Core Settlement Guarantee Fund Committee (formerly Defaulters' Committee), compensates the investors to the extent of funds found insufficient in Defaulters' account to meet the admitted value of claim, subject to a maximum limit of ₹ 25 lakhs per investor per defaulter/expelled member in respect of claims arising on expulsion/declaration of default of members.
- Ms. Anuradha Rao, Trustee
- Ms. Mona Bhide, Trustee
- Mr. K Narasimha Murthy, Trustee
- Mr. Surinder Verma, Trustee
- Ms. Priya Subbaraman, Trustee
|FINANCIAL YEAR||CLAIMS PAID/PROVIDED (IN RS. CRORES)||CLOSING IPFT CORPUS (IN RS. CRORES)|
* As on December 31, 2020 (Unaudited and Provisional)
Note: NSE has transferred the requisite amount to enhance the total corpus to Rs.1200 crores on November 26, 2020. Further, an additional amount of Rs.300 crores is being maintained as a reserve fund to be transferred to IPFT to meet any shortfall in IPF.