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NCDEX advances plans for digital mutual fund marketplace for smaller cities
NCDEX secured board approval to build a digital mutual fund platform targeting smaller cities, pending regulatory clearance and designed to broaden investment accessibility.
NCDEX received board approval to develop a digital mutual fund distribution platform aimed at expanding access across tier-two and tier-three cities. The initiative is currently subject to regulatory clearance, after which the exchange intends to integrate simplified user interfaces and broaden product availability for first-time investors. Industry participants said the platform could support financial inclusion efforts by improving availability of low-cost investment options.
The focus on underserved regions highlights rising demand for accessible investment channels as households diversify savings beyond traditional instruments amid evolving market conditions.