National Commodity and Derivatives Exchange: National Commodity and Derivatives Exchange (NCDEX) has been approved by SEBI to launch a mutual fund platform. This move is laying a strong foundation for NCDEX to enter the equity and equity derivatives markets. Mutual fund deals on this platform will be conducted separately from equity trading, which will maintain ease of operations. NCDEX believes that they are fully prepared to launch this service in a very short time.
The role of his wholly owned company NECL will be important in this work. This announcement has come at a time when efforts are being made to add new investors to the market. With this step of NCDEX, people from rural areas and small towns will be able to easily enter the world of investment.
‘Bringing mutual fund platform is the need of the hour’
On this occasion, Dr. Arun Raste, Managing Director and CEO of NCDEX, said that launching a mutual fund platform before launching the equity market is a well-thought-out and timely decision. Mutual funds are the easiest and safest path for new investors. Dr. Arun Raste believes that equity investment in India starts from here.
‘The platform will give direction to small towns towards savings’
MD of NCDEX further said that this platform will give right direction to the savings of rural and small towns. Investing such savings in controlled and profitable investments will boost the economy. Systematic Investment Plan (SIP) with low amount and secure system based on exchange will make investment easier. This move is taking NCDEX towards a platform with multiple assets, which will prove to be a boon for investors.
What is the purpose of bringing NCDEX platform?
- To expand financial inclusion by offering micro SIPs in rural and underserved areas in line with SEBI and Government priorities.
- Channeling rural savings into safe, regulated and productive investment options.
- To create a strong cash market base ahead of the launch of the equity segment of the exchange.
- To provide additional business opportunities to existing trading members.
- Engaging new members with a simple, high-value product that’s easy to adopt and scale.
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What is National Commodity and Derivatives Exchange?
National Commodity and Derivatives Exchange (NCDEX) is one of India’s leading commodity Exchange Where trading in futures and options of agricultural commodities takes place. Farmers, Traders, Processors, Exporters and Investors in Cereals, Pulses, Oilseeds, Spices and Others on NCDEX prices of agricultural products Make deals to settle and protect against risk.
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