Sebi Unveils Incentives to Boost Women’s Participation in Mutual Funds

Sebi is planning to introduce additional incentives for first-time female investors in mutual funds to encourage women’s participation. They are also simplifying regulations to ease compliance. The plan includes incentives for investments from B30 cities and reviewing mutual fund scheme categorization to boost financial inclusion and transparency.

The Securities and Exchange Board of India (Sebi) is set to introduce new incentives aimed at increasing women's participation in mutual funds. Tuhin Kanta Pandey, Chief of Sebi, announced plans for additional distribution incentives for first-time female investors at an event hosted by the Association of Mutual Funds in India (Amfi).

Pandey emphasized the need for complete financial inclusion, noting that women's representation in the sector is crucial. As part of the initiative, incentives will also target distributors for investments from individual investors in smaller cities, aiming to bring new participants and extend the reach of mutual funds to underserved regions.

To further enhance the mutual fund industry's transparency and investor-friendliness, Sebi is reviewing the categorization of mutual fund schemes. Additionally, they are working towards simplifying regulations by discontinuing the requirement for asset management companies to file numerous reports, aligning with ongoing efforts to ease compliance while safeguarding investor interests.

(With inputs from agencies.)