National Commodity & Derivatives Exchange Ltd, NCDEX, has received in-principle approval from Sebi to launch a mutual fund transaction platform. This platform will enable investors to subscribe to and redeem mutual fund units. The exchange aims to expand financial inclusion by targeting rural and semi-urban areas with low-denomination systematic investment plans.
SIP additions at a six-month high amid rising churn
In August, the number of new accounts for systematic investment plans (SIPs) soared to a six-month peak, marking significant activity. Nevertheless, the year-on-year growth showcased