Hello below is the link which says that our money can be compensated upto Rs. 15lacs in case of default by any broker.
https://www.nseindia.com/invest/content/defaulters_committee.htm
Investor Protection Fund
NSE 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 Defaulters' Committee, compensates the investors to the extent of funds found insufficient in Defaulters' account to meet the admitted value of claim,
subject to a maximum limit of 15 lakhs per investor per defaulter/expelled member.