Mumbai, Nov. 27 -- Mutual fund distributors will now earn additional incentives for bringing in first-time investors from B-30 (beyond the top 30) cities and for onboarding new women investors from any city, as the Securities and Exchange Board of India (Sebi) has introduced a revised incentive framework.

Distributors will be eligible for a commission of 1% on the first application, capped at Rs.2,000 for lump-sum investments, provided the investor remains invested for at least one year, and 1% on systematic investment plans (SIPs), subject to the same cap, the market regulator said in a circular on Thursday.

The incentive will be paid in addition to the trail income earned by distributors from mutual fund schemes, the circular added. ...