First-Time Women Investors: SEBI Plans Mutual Fund Incentives
Why in the news
SEBI is working on rewards to draw more women into mutual funds.
Key facts
- Goal: equal representation of women in markets.
- Special distribution incentive for first-time women investors.
- B30 city incentive: first-time individual investors beyond the top 30 cities; reaches tier-2 and tier-3.
Categorisation review
- Greater product innovation, clarity and transparency.
- Avoid portfolio overlaps.
About SEBI
Set up in 1988, statutory since 1992; based in Mumbai.
Exam angle
- B30 means cities beyond the top 30.
- Statutory status year: 1992.