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<h1>Incentive extension for mutual fund distributors: implementation shifted to March 1, 2026 for B-30 and women investors.</h1> Implementation of the distributor incentive framework for onboarding new individual investors (new PAN) from B-30 cities and new women individual investors (new PAN) from T-30 and B-30 cities is deferred from February 01, 2026 to March 01, 2026; all other provisions of the November 27, 2025 circular remain unchanged, and the extension is issued under statutory powers to promote investor interest and orderly industry development.