A five-member trust to manage the fund which has a corpus of Rs 2.32 crore has been set up. It has representation from Sebi, members and the exchange.

The corpus of the fund has been covered under default insurance and is presently invested in the form of fixed deposits. About 90 members have contributed Rs 10,000 in form of cash and Rs 1 lakh has been diverted from members' base capital for the corpus. MSE, on its part, has put in Rs 1 crore.

SGF was one of the various steps taken by the exchange to improve the confidence of the exchange members. Lack of a safety net saw many members deserting the exchange and, with them, the investors. The turnover in the exchange has declined to less than a crore of rupees over a period of time.

Joininghands with BSE and Fise, introducing badla and trading in dematerialised form are some of the measures opted by the exchange to improve its performance.