NSE Transaction Charges: From January 1, 2021, NSE Investor Protection Fund Trust (NSE IPFT) was imposed to partially increase the corpus in view of market imperatives.
Share Market Tips: The National Stock Exchange (NSE) has decided to roll back the 6 per cent increase in transaction charges in cash equity and futures & options segments from April 1. The additional fee was made effective from January 1, 2021.
The NSE Investor Protection Fund Trust (NSE IPFT) was set up to partially augment the corpus, keeping in view the exigencies of the market at that time. In a statement on behalf of the NSE, it said that its board of directors has decided to roll back the 6 per cent increase in the transaction fee.
SEBI’s circular will be applicable from May 1, 2023
Earlier, SEBI said that the digital wallet used for investing in mutual funds should be compatible with ‘Know your customer’ (KYC) of Reserve Bank of India (RBI) . The market regulator said in its circular that this provision will be implemented from May 1, 2023. If the KYC of your digital wallet has not yet been done, then get this work done as soon as possible.
Let us tell you that on May 8, 2017, SEBI had given some relaxation in the rules keeping in mind the young investors. According to this circular issued by SEBI, young investors were allowed to invest in mutual funds up to Rs 50,000 through e-wallet.
The move was also part of efforts to promote digital payments in the mutual fund industry and bring savings to the capital market. After this change, the number of mutual fund investors increased rapidly.
