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of <h1>SEBI Clarifies Mutual Funds Must Allocate 2 Basis Points for Investor Education, Including Financial Inclusion Efforts per Chapter 10.</h1> The Securities and Exchange Board of India (SEBI) has issued a clarification regarding investor education and awareness initiatives for mutual funds. According to Chapter 10 of the SEBI Master Circular on Mutual Funds, asset management companies must allocate at least 2 basis points of daily net assets annually, within the total expense ratio, for these initiatives. SEBI has clarified that these initiatives can include financial inclusion efforts, subject to SEBI's approval. This clarification is made under the authority of the SEBI Act, 1992, to protect investor interests and regulate the securities market.
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