Extension of timeline for implementation of additional incentives structure for distributors for onboarding new individual investors from B-30 cities and women investors
Summary
SEBI extends the implementation timeline for additional distributor incentives targeting new individual investors from B-30 cities and women investors. The effective date is moved from February 1, 2026, to March 1, 2026, due to industry feedback regarding operational difficulties. All other provisions of the original November 27, 2025 circular remain unchanged.
Text
Based on the feedback received from the industry, citing operational difficulties in putting place the requisite systems and processes for smooth implementation of the additional incentive structure, it has been decided to extend the implementation timeline. Accordingly, the provisions of the aforesaid circular shall now come into effect from March 01, 2026.
All other provisions of SEBI Circular dated November 27, 2025 shall remain unchanged.
This circular is issued in exercise of powers conferred under section 11(1) of the Securities and Exchange Board of India Act, 1992, and the provisions of Regulation 77 of SEBI (Mutual Funds) Regulations, 1996, in the interest of investors and to promote the orderly development of the mutual fund industry.
Source: SecMarx — Extension of timeline for implementation of additional incentives structure for distributors for onboarding new individual investors from B-30 cities and women investors. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.