- The platform will allow investors to subscribe and redeem Mutual Fund (MF) units, with clearing handled by National Commodity Clearing Limited (NCCL), a wholly‑owned subsidiary of National Commodity and Derivatives Exchange (NCDEX).
- It is seen as a precursor to National Commodity and Derivatives Exchange (NCDEX) entering the equity and equity derivatives segment, expected in 2026.
- Because it operates independently of equity trading systems, rollout is expected faster, projected by early Financial Year (FY) 2027.
- National Commodity and Derivatives Exchange (NCDEX) will invest about ₹15 crore in developing the technology for this platform.
- The aim is to promote financial inclusion in rural and semi‑urban areas, focusing on micro‑Systematic Investment Plans (SIPs) starting at ₹100.
Question:
Q1. SEBI granted in-principle approval to NCDEX in December 2025 to launch which of the following platforms?a) Equity trading platform
b) Commodity spot exchange
c) Mutual Fund transaction platform
d) Cryptocurrency exchange
Answer: c) SEBI approved NCDEX to launch a Mutual Fund transaction platform for MF subscription and redemption
