The Board of Directors of the National Stock Exchange Ltd (NSE) has determined to roll back the 6% increase in transaction charges in the money equities market phase and the fairness derivatives phase, with impact from April 1, 2023.
The charges have been earlier elevated by 6% from January 1, 2021, partly to increase the NSE Investor Protection Fund Trust (NSE IPFT) corpus for sure market exigencies due to dealer defaults at that time in time, NSE stated in an announcement.
“Further with objective to systematically augment the corpus of NSE IPFT, it was also decided to recalibrate the contribution to NSE IPFT from ₹0.01 per crore to ₹10 per crore in cash equities market segment & equity futures and ₹0.01 per crore to ₹50 per crore in equity options,” the assertion added.
This discount in transaction charges, partially offset by the recalibration of contribution to NSE IPFT, will lead to an efficient discount in the impression of total transaction charges of round 4%, NSE stated.
