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SEBI extends the effective date for the mutual fund industry framework that provides an additional incentives structure for distributors to mobilize investments from specified new investor categories, namely new individual investors from B-30 cities and new women individual investors from both T-30 and B-30 cities. The implementation date is deferred from February 1, 2026 to March 1, 2026, while all other provisions of the November 27, 2025 circular remain unchanged, resulting in a one-month postponement of the obligation to operationalize the requisite systems and processes for applying the additional incentives framework.