NCDEX Nidhi to initially support mutual fund transactions in non-demat form
This story was originally published at 13:03 IST on 27 July 2026
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MUMBAI- The National Commodity and Derivatives Exchange's mutual funds transaction platform NCDEX Nidhi will initially support transactions in mutual funds units held in non-demat mode, with holdings evidenced through statements of accounts issued by the respective asset management companies, NCDEX said in a release. Support for transactions in demat mode will be introduced in a subsequent phase, and the launch timeline will be communicated separately by the exchange, it added.
On Wednesday, NCDEX announced the launch of 'NCDEX Nidhi' effective Jul. 29. The platform will facilitate the secure, standardised, and auditable electronic processing and execution of mutual fund transactions. The platform has been designed with robust technological architecture to ensure operational efficiency, transparency, and regulatory compliance in the conduct of mutual fund transactions, the exchange had said in the release.
All mutual fund distributors, mutual intermediaries, and registered investment advisors registered with the Association of Mutual Funds in India and enrolled with the respective asset management companies will be eligible to participate on the platform, subject to fulfilment of the applicable requirements.
Mutual fund distributors, mutual intermediaries, and registered investment advisors have to comply with the eligibility criteria, operational requirements, and documentation procedures prescribed by NCDEX periodically. Participants will also have to ensure compliance with all applicable regulations, guidelines, and directions issued by the Securities Exchange Board of India, Association of Mutual Funds in India, and other relevant regulatory authorities governing activities related to mutual fund distribution and transactions, a previous press release had said. End
Reported by Krupa Biju
Edited by Avishek Dutta
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