SEBI clarification regarding Investor Education and Awareness Initiatives

SEBI has issued clarification regarding Investor Education and Awareness Initiatives. SEBI has directed AMCs to annually set apart atleast 2 basis point on daily net assets within the maximum limit of total expense ratio for investor education and awareness initiatives. In this regard, it is clarified that initiatives under Investor Education and Awareness include financial inclusion initiatives as may be approved by SEBI from time to time.