Understanding IPFT Charges on NSE

What is the IPFT Charge on NSE Trades?

IPFT, or Investor Protection Fund Trust, is an initiative by the National Stock Exchange (NSE). It's designed to safeguard investors against potential defaults by trading or clearing members. The primary objective of IPFT is to compensate any losses investors may encounter if trading members or clearing members don't fulfill their commitments.

Every transaction on the NSE contributes to the IPFT through a designated charge known as the IPFT charge. This fee depends on the trading segment and the product involved and applies to both buying and selling operations, subtracted from the gross turnover of the transaction.

Here's a quick breakdown of the IPFT charges across different NSE segments:

NSE Segment
IPFT Charges
Equity Intraday
₹10 per crore
Equity Delivery
₹10 per crore
Equity Futures
₹10 per crore
Equity Options
₹50 per crore
Currency Futures
₹0.5 per lakh
Currency Options
₹2 per lakh

To provide an example, if you acquire 100 shares of Reliance Industries at ₹2000 each and later sell at ₹2100 on the same day, your total turnover is ₹4,10,000. The resulting IPFT fee for this transaction equals ₹0.041 (derived from 4,10,000 multiplied by 10 and then divided by 1,00,00,00,000).

Your contract note will display the IPFT fees alongside other transactional charges. To simplify the fee estimation process, try our Brokerage Calculator. For an in-depth understanding, please consult this circular.

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