The National Stock Exchange (NSE) has said that it will introduce an Investor Risk Reduction Access (IRRA) platform from October 3 for trading members to address technical glitches or any outage. However, it will not be accessible for algo trading and institutional clients
The platform will provide the service called Investor Risk Reduction Access, through which investors can square off or exit their positions when they face technical glitches on the broker platform
"Since the current MF regulatory framework was built around active fund management, Sebi is planning to introduce Mutual Fund Lite regulations for passive funds, wherein investment decisions are not discretionary, but tied to changes in the underlying benchmark index," the regulator said in its annual report for 2022-23, which was released on Monday.
A passive fund is an investment vehicle that tracks a market index or a specific market segment. These funds include passive index funds, Exchange Traded Funds (ETFs), and Fund of Funds investing in ETFs.