Mutual fund distributors eligible for additional commission for onboarding new B-30 and women investors under revised rules. AMCs may pay additional commission to distributors for onboarding eligible new-PAN investors from B-30 cities and new women investors from Top-30 and B-30 cities: 1% of first lump-sum (capped at Rs.2,000 with one-year minimum stay) and 1% of first-year SIPs (capped at Rs.2,000). Payments must be sourced from the 2 basis points reserved for investor education and include claw back provisions; additional commission is in addition to trail fees, dual incentives for the same investment are prohibited, and specified scheme categories are excluded.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Mutual fund distributors eligible for additional commission for onboarding new B-30 and women investors under revised rules.
AMCs may pay additional commission to distributors for onboarding eligible new-PAN investors from B-30 cities and new women investors from Top-30 and B-30 cities: 1% of first lump-sum (capped at Rs.2,000 with one-year minimum stay) and 1% of first-year SIPs (capped at Rs.2,000). Payments must be sourced from the 2 basis points reserved for investor education and include claw back provisions; additional commission is in addition to trail fees, dual incentives for the same investment are prohibited, and specified scheme categories are excluded.
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