Market regulator asks bourses to increase the size of IPF corpus

Market regulator Sebi has directed stock exchanges to enhance their investor protection fund (IPF) corpus

The NSE on Wednesday said Sebi had advised the exchange to increase the size of its IPF corpus to Rs 1,500 crore. A day earlier, BSE had said it had received a letter from Sebi to enhance the effectiveness of IPF. At present, NSE has an IPF corpus of Rs 550 crore, while BSE has about Rs 785 crore.
 

IPF is used to repay clients in case of broker default. It is also used for promoting investor education and research.

“NSE is focused and committed to further strengthening investor protection through a variety of measures including focused investor education, enhanced broker