NCDEX to Launch Mutual Fund Distribution Platform by April 2026
The National Commodity and Derivatives Exchange (NCDEX) has secured board approval to launch a mutual fund distribution platform within its cash segment, marking a strategic diversification into retail financial services. The new platform, modelled on BSE Star MF and NSE NMF II, is expected to go live by April 2026, subject to regulatory approval from the Securities and Exchange Board of India (Sebi).
“We got board approval; once Sebi clears it, we should be in a position to launch the platform by April,”
Independent Platform for Retail Investors
Unlike NCDEX’s trading and settlement system, the new platform will function independently, ensuring greater operational flexibility. “It will be a separate platform, not dependent on the trading and settlement platform. So, I don’t have to wait for the equity system to be finalized.
The exchange has begun talks with two to three technology providers and expects to finalize one by early January 2026. The estimated investment for developing the platform stands at ₹15 crore.
Empowering Small and Rural Investors
A key focus of the initiative is to bring mutual fund access closer to small and rural investors. NCDEX plans to integrate Farmer Producer Organizations (FPOs) as sub-agents of independent financial advisers (IFAs) and brokers—allowing farmers to invest in affordable, regulated products.
“If FPOs can distribute ₹100 sets of mutual funds, it will help bring farmers into the formal financial system.”
At least five of the 50 asset management companies (AMCs) are expected to participate in the platform’s initial rollout. For AMCs, speed of execution will be key, while brokers and IFAs will focus on ease of operation.
A Step Toward Financial Inclusion
This move underscores NCDEX’s broader vision to extend financial inclusion beyond metros, leveraging its deep agricultural network and digital infrastructure. By combining commodity expertise with mutual fund access, the exchange aims to bridge the gap between India’s farm economy and formal investment channels.
For deeper insights into how financial inclusion and digital innovation are transforming India’s investment ecosystem, explore perspectives from Ranjit Jha (CEO)—a thought leader in bridging trust, research, and technology in wealth management.
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