Central
SEBI ASKS NSE TO RAISE CORPUS OF ITS INVESTOR PROTECTION FUND TO ₹1,500 CR
Updated on:18th Nov, 2020
The regulator also working on formula by which stock exchanges will hike IPF every year Market regulator SEBI has asked the National Stock Exchange to increase the corpus of its investor protection fund to ₹1,500 crore from the current ₹550 crore. The low corpus for the IPF has become a key cause of concern for stock market investors in the backdrop of rising default by brokers. Just in the past three years, broker defaults have exceeded ₹5,000 crore. Stock exchanges are required to settle investor dues from the IPF.
Download
SEBI ASKS ...