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SEBI asks depositories to credit 5% profit to investor fund

Markets regulator SEBI asked the depositories to deposit 5 percent of their annual profits, as also the fines collected by them from brokers and other entities, in an Investor Protection Fund (IPF) which can be used for investor education and awareness programmes
Sebi moots stringent steps to check depository participants

The market watchdog has asked the depositories to keep a close tab on Know Your Client (KYC) information.

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