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Top Market Development: NCDEX gets SEBI nod to launch mutual fund transaction platform
NCDEX secured SEBI’s in-principle approval to launch a mutual fund platform, targeting broader financial inclusion and paving the way for a future expansion into equities.
The National Commodity and Derivatives Exchange has received in-principle approval from SEBI to launch a mutual fund transaction platform, marking a key step in its expansion plans. The proposed platform aims to promote financial inclusion by enabling features such as micro SIPs and channeling rural savings into regulated investment avenues. Clearing and settlement of transactions will be handled by National Commodity Clearing Limited.