NSE rolls back 6pc transaction charges equity, F&O transactions
Mumbai: The National Stock Exchange (NSE) has withdrawn the 6 percent transaction charges on dealings in the equity cash and derivative segment effective from April 1, 2023.
The transaction charges were hiked on Jan 1, 2023, partly to boost the investor protection fund.
The stock exchange has announced that it will increase its corpus of NSE IPFT in a systematic manner by adjusting its contribution from Rs 0.01 per crore to Rs 10 per crore in cash equity and futures segments, and Rs 50 per crore in equity options, according to a statement issued by the exchange.
According to NSE, the adjustment in the contribution to the IPFT corpus and reduction in transaction charges will lead to an effective decrease in transaction charges by approximately 4%.
The NSE has established an investor protection fund to provide compensation to investors if the assets of defaulters are insufficient to cover investors' claims. The IPFT is overseen by trustees, including representatives from the public, investor associations, the exchange's board members, and its senior officials.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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