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NCDEX Launches 'Nidhi' MF Transaction Platform
📅 Published 31 Jul 2026 · July 2026
NCDEX Launches 'Nidhi' MF Transaction Platform
- Who: National Commodity and Derivatives Exchange Ltd launched NCDEX Nidhi.
- Objective: Expand Mutual Fund penetration in rural and semi-rural India by leveraging network of 800 Farmer Producer Organisations and certified local MF distributors.[FPOs]
- Design: Built on API-first architecture offering flexibility to MF distributors to either use platform directly or integrate APIs into own systems.
- Key Features: UPI AutoPay for SIPs, end-to-end transaction time-stamping until NAV allocation, detailed transaction failure reasons, transparency.
- AMCs on Platform: Initially 6 - Nippon India MF, HDFC MF, Axis MF, LIC MF, Tata MF, Invesco MF, ∼20 more expected by 31 Aug 2026.
- About NCDEX: Incorporated April 2003, SEBI-regulated digital commodity exchange focused on agricultural derivatives and risk management, HQ Mumbai, Maharashtra.
- UPSC Relevance: GS3 - Capital Market, Financial Inclusion, FPOs, SEBI.
📝 Relevant Exams:
UPSC