What is the IPF?
Who manages the IPF?
A six-member Board of Directors appointed by SECZim, representing institutions such as the Judiciary, SECZ, ZSE, Pension Funds, Public Accountants, and the Ministry of Finance.
👥 Eligibility
Who qualifies as a protected investor?
- Holders of securities dealt with by a licensed contributor.
- Persons for whom a contributor holds securities.
- Persons with a vested or contingent right to obtain securities from a participating firm.
What losses are covered?
Losses directly caused by insolvency or malpractice of a licensed contributor. Market losses due to price fluctuations are not covered.
💰 Compensation
How much can be claimed?
Maximum payout is 10% of the Fund’s market value at the time of claims. If multiple claims are lodged, payouts are reduced proportionately.
How do I lodge a claim?
Submit an application to the Fund Administrator (currently Minerva Risk Advisors) with proof of loss linked to malpractice or insolvency.
📚 Investor Education
Does the IPF provide investor education?
Yes. The IPF collaborates with SECZim on awareness campaigns, investor literacy programmes, and capital market education strategies.
⚠️ Limitations & Risks
Does the IPF guarantee investments?
No. It only compensates for malpractice or insolvency, not for normal market risks.
What is the purpose of the IPF?
The Fund protects investors if a licensed market intermediary fails to account for money, securities, or assets entrusted to them in a legitimate transaction. It handles intermediary risk, not market risk.
Does the Fund cover poor investment performance or market losses?
No. The IPF is not an insurance policy for share value drops, weak company earnings, or normal market movements. It only applies when a broker or dealer suffers financial failure or defaults on obligations.
Who regulates the Fund?
The fund operates under the oversight of the SECZIM, which regulates Zimbabwe’s capital markets, licenses intermediaries, and supervises market participants.
How large is the Fund currently?
The IPF is valued at USD7.9mil, bolstered by strong investment returns
