MUTUAL FUNDS
JM Financial Asset Management announces additional incentives to distributors for onboarding new individual investors
Mar-02-2026

JM Financial Asset Management (AMC) has announced addendum to the Scheme Information Document (‘SID’) and Key Information Memorandum (‘KIM’) of the schemes of JM Financial Mutual Fund. 

JM Financial Mutual Fund has informed that, SEBI vide its circular no. HO/(83)2025-IMD-POD-1/I/152/2025 dated November 27, 2025 read with AMFI circular no. 35P/MEM-COR/89/2025-26 dated December 27, 2025 has provided guidelines for ‘Additional Incentives to distributors for onboarding new individual investors from B-30 cities and women investors’ which states that the mutual fund distributors shall be eligible for additional commission and clarifies that the provisions with respect to incentivizing distributors for new investment/ inflows from beyond top 30 cities (B-30 cities) under Regulation 52(6A)(b) are deleted.

Accordingly, the provisions related to incentivizing distributors for new investment/ inflows from beyond top 30 cities (B-30 cities) under Regulation 52(6A) (b), wherever appearing, shall be deleted from the SID/KIM of all the schemes of the Mutual Fund. 

In addition to the above, the disclosure in select schemes of the Mutual Fund shall be added under section ‘C. ANNUAL SCHEME RECURRING EXPENSES’ of ‘PART III- OTHER DETAILS’ of ‘SECTION I’ of the SID and in the section ‘Expenses of the Scheme - Recurring Expenses’ in the KIM with regards to the additional incentives to distributors for onboarding new individual investors from B-30 cities and women investors. The said provisions shall come into effect from March 01, 2026.

This Notice-cum-Addendum forms an integral part of SID and KIM of the Schemes of the Mutual Fund, as amended from time to time. All the other terms and conditions of the SID and KIM of the Schemes of the Mutual Fund will remain unchanged.


  RELATED NEWS >>