The Wealth Company MF Pioneers NFO Launch on ONDC Network
The Wealth Company MF Pioneers NFO Launch on ONDC Network Posted by Niilesh waghela Mumbai: The Wealth Company Mutual Fund has become the first fund house to launch a New Fund Offer (NFO) on the Open Network for Digital Commerce (ONDC) platform. The fund house will launch a flexi cap fund NFO on the ONDC network in partnership with Cybrilla Technologies. This innovative approach aims to increase access to mutual funds in tier-2 and tier-3 cities, promoting financial inclusion and democratizing wealth creation. The ONDC framework reduces costs by providing mutual fund schemes from all fund houses on a single platform, connecting various apps and platforms. Key Highlights: First Fund House: The Wealth Company MF is the first fund house to launch an NFO on the ONDC network. Increased Accessibility: The partnership aims to make mutual fund investments more accessible, especially in underserved tier-2 and tier-3 cities. ONDC Growth: The ONDC network has processed over 2,80...