The Securities and Exchange Board of India is set to incentivise mutual fund distributors to boost gender inclusion by promoting financial awareness and investments among women, as per a release on Friday.
An additional commission will be paid to distributors for attracting new women investors. This incentive will be calculated and paid in a similar way to the existing B-30 incentive, which encourages mutual fund inflows from beyond the top 30 cities.
Distributors will now also get incentives when they bring in new investors from smaller towns that are beyond the top 30 cities. The incentive will be capped at 1% of the first investment or SIP for one year, up to Rs 2,000 per investor. This incentive will also apply for new women investors.
This incentive follows other developments in the meeting including relaxing the minimum public shareholding norms for big companies going for an initial public offering.
