NCDEX raises compensation limit to Rs 5 lakh from investor protection fund

"Such revision is applicable in respect of all claims settled out of Trust, wherein settlement is done post the date of revision of such limits i.e. February 12, 2020," it said

Agri-commodity bourse NCDEX on Tuesday said it has increased the maximum compensation limit from its investor protection fund to Rs 5 lakh from Rs 2.5 lakh earlier with effect from February this year.

The objective of the protection fund, which is administered by way of registered Trust, is to compensate investors in the event of defaulter's assets not being sufficient to meet the admitted claims of investors, promoting investor education, awareness and research, it said.

According to the NCDEX, earlier the maximum compensation limit payable from the fund was fixed at Rs 2.5 lakh. This has been revised upward to