The National Stock Exchange said its board, on Monday, approved a reduction of one per cent in overall transaction charges across cash equity and equity derivatives segments and products. The new charges will be applicable from April 1.
This reduction is expected to have an overall annual impact of Rs 130 crore on the revenue NSE gains from transaction charges.
At present, NSE's transaction charges for the equity segment are 0.00325 per cent, and for the derivatives futures segment, they are 0.0019 per cent. For options, it stands at 0.05 per cent.
The decision by NSE could drive up volumes as BSE's (Bombay Stock Exchange) charges for equities are at 0.00375 per cent.
NSE further said the board approved the sale of its unit, NSEIT Limited, along with some subsidiaries to Investcorp.
NSE has been witnessing a steady increase in investor base in the past five years, aided by dgitisation, financial inclusion and better market performance, according to Mint.
