Mint, in a detailed report by Neha Joshi, highlights that SEBI’s Investor Protection and Education Fund (IPEF) swelled by 43% in FY25 to ₹761 crore, compared to ₹533 crore in FY24. Yet, direct spending on investor awareness and education remained stagnant at ₹2.7 crore.
In this context, Mr. Sumit Agrawal, Founder of Regstreet Law Advisors & former SEBI Officer, was quoted:
“𝘐𝘗𝘌𝘍 𝘧𝘶𝘯𝘤𝘵𝘪𝘰𝘯𝘴 𝘮𝘰𝘳𝘦 𝘢𝘴 𝘢 𝘳𝘦𝘴𝘦𝘳𝘷𝘰𝘪𝘳 𝘧𝘰𝘳 𝘢𝘸𝘢𝘳𝘦𝘯𝘦𝘴𝘴 𝘪𝘯𝘪𝘵𝘪𝘢𝘵𝘪𝘷𝘦𝘴 𝘵𝘩𝘢𝘯 𝘢𝘴 𝘢 𝘷𝘦𝘩𝘪𝘤𝘭𝘦 𝘧𝘰𝘳 𝘳𝘦𝘴𝘵𝘪𝘵𝘶𝘵𝘪𝘰𝘯.”
He further added that “𝘍𝘳𝘰𝘮 𝘢 𝘱𝘰𝘭𝘪𝘤𝘺 𝘱𝘦𝘳𝘴𝘱𝘦𝘤𝘵𝘪𝘷𝘦, 𝘵𝘩𝘦𝘳𝘦 𝘪𝘴 𝘢 𝘨𝘳𝘰𝘸𝘪𝘯𝘨 𝘨𝘢𝘱 𝘣𝘦𝘵𝘸𝘦𝘦𝘯 𝘵𝘩𝘦 𝘴𝘪𝘻𝘦 𝘰𝘧 𝘵𝘩𝘦 𝘤𝘰𝘳𝘱𝘶𝘴 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘮𝘰𝘥𝘦𝘴𝘵 𝘦𝘹𝘱𝘦𝘯𝘥𝘪𝘵𝘶𝘳𝘦, 𝘦𝘴𝘱𝘦𝘤𝘪𝘢𝘭𝘭𝘺 𝘸𝘩𝘦𝘯 𝘵𝘩𝘦 𝘯𝘶𝘮𝘣𝘦𝘳 𝘰𝘧 𝘧𝘪𝘳𝘴𝘵-𝘵𝘪𝘮𝘦 𝘢𝘯𝘥 𝘳𝘦𝘵𝘢𝘪𝘭 𝘪𝘯𝘷𝘦𝘴𝘵𝘰𝘳𝘴 𝘩𝘢𝘴 𝘴𝘶𝘳𝘨𝘦𝘥. 𝘛𝘩𝘪𝘴 𝘮𝘢𝘬𝘦𝘴 𝘵𝘩𝘦 𝘤𝘢𝘶𝘵𝘪𝘰𝘶𝘴 𝘢𝘱𝘱𝘳𝘰𝘢𝘤𝘩 𝘭𝘰𝘰𝘬 𝘪𝘯𝘤𝘳𝘦𝘢𝘴𝘪𝘯𝘨𝘭𝘺 𝘮𝘪𝘴𝘢𝘭𝘪𝘨𝘯𝘦𝘥 𝘸𝘪𝘵𝘩 𝘵𝘩𝘦 𝘴𝘱𝘪𝘳𝘪𝘵, 𝘪𝘧 𝘯𝘰𝘵 𝘵𝘩𝘦 𝘭𝘦𝘵𝘵𝘦𝘳, 𝘰𝘧 𝘪𝘯𝘷𝘦𝘴𝘵𝘰𝘳 𝘱𝘳𝘰𝘵𝘦𝘤𝘵𝘪𝘰𝘯.”
With retail investors surging, many entering high-risk products such as derivatives, the case for outcome-focused deployment of IPEF has never been stronger.
The full Mint article is available here: https://lnkd.in/d8FrDnCM
Securities Law students would benefit from reading 𝑹𝒂𝒎 𝑲𝒊𝒔𝒉𝒐𝒓𝒆 𝑮𝒖𝒑𝒕𝒂 𝒗. 𝑺𝑬𝑩𝑰 (2025 SCC OnLine SC 748), which offers valuable insights into the concept of disgorgement and presents both perspectives on the necessity of restitution.
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