NCDEX gets SEBI nod for MF platform, paving way for equity entry

• NCDEX received in-principle SEBI approval to launch a mutual fund (MF) transaction platform.
• This is an initial step before NCDEX's proposed entry into equity and equity derivatives.
• The MF platform will operate independently, with NCCL handling clearing and settlement.
• It aims to expand access to MFs, especially in rural/semi-urban areas, and support trading members.
• The move is a strategic decision to build a cash-market base prior to the launch of the equity segment.

Why It Matters: NCDEX's new MF platform offers easier investment access for many.