Additional incentives to distributors for onboarding new individual investors from B-30 cities and women investors

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....nds Registrar to an Issue and Share Transfer Agents ('RTAs') Association of Mutual Funds in India (AMFI) Madam/ Sir, Subject: Additional incentives to distributors for onboarding new individual investors from B-30 cities and women investors 1. Regulation 52(6A)(b) of the SEBI (Mutual Funds) Regulations 1996 provided a framework for incentivizing distributors for new investment/ infl....

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.... 3.1.1. New individual investors (new PAN) from B-30 cities, at the mutual fund industry level; 3.1.2. New women individual investors (new PAN) from both Top 30 and B-30 cities. 3.2. Incentive Structure: 3.2.1. AMCs shall pay additional commission to distributors for onboarding eligible new investors, subject to the conditions specified in para 3.1 above. 3.2.2. The structure of such ....

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....me. 3.2.5. Distributors shall be eligible to receive the additional commission for mobilizing investments from new women investors from Top-30 cities and in cases where the commission for new investment from B-30 cities has not been claimed for the same woman investor/investment. Dual incentives for the same investor/investment shall not be permitted. 3.3. Investment in scheme not eligible f....