Investor Protection Fund - Defaulter Claims
Investor Protection Fund - Defaulter Claims
MSE has established an Investor Protection Fund with the objective of compensating investors in the event of defaulters' assets not being sufficient to meet the admitted claims of investors, promoting investor education, awareness and research. The Investor Protection Fund is administered by way of registered Trust created for the purpose. The Investor Protection Fund Trust is managed by Trustees comprising of Public representative, investor association representative, Board Members and Senior officials of the Exchange.
The Investor Protection Fund Trust, based on the recommendations of the Member Committee (formerly Member and Core Settlement Guarantee Fund Committee), compensates the investors from its Investor Protection Fund to the extent of funds found insufficient in Defaulters' account to meet the admitted value of claim. This is subject to a *maximum limit of ₹ 2.2 lakhs per investor per expelled/ defaulter member in respect of claims arising on expulsion/declaration of default of member and subject to an overall limit per expelled/ defaulter member.
(*Note - The maximum compensation limit has been increased from ₹ 2 Lakhs to ₹ 2.2 Lakhs and the same shall be applicable for claims received against the Trading member who has been expelled or declared defaulter post September 4, 2025).
The Relevant Committee apportions the amount available in the defaulter's account to the admitted value of claims on pro-rata basis as per the priority laid out under its Rules/Bye-Laws/Regulations of the Exchange and applicable SEBI guidelines.
Trustees of Investor Protection Fund Trust
- Mr. Rakesh K. Srivastava, Chairperson & Trustee
- Ms. Upma Dada Chawdhry – Trustee
- Ms. Falguni Mehta, Trustee
- Mr. Chittaranjan Kajwadkar, Trustee
- Mr. P. K. Ramesh, Trustee
IPFT Corpus
| Financial Year | Claims Paid / Provided (In Rs. Crores) | Closing IPFT Corpus (In Rs. Crores) |
|---|---|---|
| FY 2026-27 | Nil | 30.71 |
| FY 2025-26 | Nil | 30.04 |
| FY 2024-25 | Nil | 27.91 |
| FY 2023-24 | Nil | 26.13 |
| FY 2022-23 | Nil | 24.16 |
| FY 2021-22 | Nil | 22.56 |
| FY 2020-21 | Nil | 21.22 |
| FY 2019-20 | Nil | 18.98 |
| FY 2018-19 | Nil | 16.46 |
| FY 2017-18 | Nil | 14.72 |
| FY 2016-17 | Nil | 13.60 |
| FY 2015-16 | Nil | 17.22 |
As on 31st July 2026