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SEBI has clarified provisions regarding Investor Education and Awareness Initiatives under Chapter 10 of the Master Circular on Mutual Funds. AMCs must allocate minimum 2 basis points of daily net assets within total expense ratio limits for investor education initiatives. The clarification expands the scope to include financial inclusion initiatives subject to SEBI approval. The directive is issued under Section 11(1) of SEBI Act 1992 and Regulation 52 of MF Regulations 1996, aimed at investor protection and securities market development. The circular applies to all mutual funds, AMCs, trustee companies, and AMFI.