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NSE rolls back 6% hike in transaction charges on equity cash, derivatives

The Public Stock Trade (NSE) on Friday moved back the expansion in exchange charges for cash value and value subordinate sections. At its board of directors meeting on Thursday, the exchange decided that the rollback would take effect on April 1, 2023.


To increase the corpus, the NSE had previously increased the charges for the NSE Investor Protection Fund Trust (NSE IPFT) by 6% beginning in January 2021.

In addition to encouraging investor education, the fund aims to compensate investors in the event that the funds are insufficient to meet their admitted claims.


Additionally, the NSE board has decided to raise the NSE IPFT contribution to equity futures and the cash equity market segment from Rs 0.01 per crore to Rs 10 per crore. On equity options, it has been raised to Rs 50 per crore from Rs 0.01 per crore.


The exchange stated, “An effective reduction of approximately 4% on total transaction fee will result from the above reduction in transaction fee partially offset by re-calibration of contribution to NSE IPFT.”


The IPFT corpus was Rs 1,587 crore as of February 28, 2023, down from Rs 1,774 crore in 2020-21. The Investor Protection Fund has paid out claims totaling up to Rs 124 thus far this fiscal year. With Rs 553 crore, the paid claims were also the highest in 2020-21.


The IPFT repays financial backers to the degree the assets in the defaulters’ record are viewed as lacking to meet the acceptable worth of the case, dependent upon a greatest restriction of Rs 25 lakh for every defaulter per financial backer.


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