Axis Mutual Fund schemes are now accessible on ONDC (Open Network for Digital Commerce).
This platform, which was launched by the DPIIT under the Ministry of Commerce, is a government initiative designed for digital transactions. As a government-backed platform, it is secure to use.
How Will This Benefit You?
With Axis Mutual Fund schemes now available on ONDC, people from remote areas can easily invest in mutual funds.
ONDC aims to make investing in mutual funds more accessible to everyone, including those living in villages or small towns.
Easier Investment Process
Axis Mutual Fund decided to list its schemes on ONDC to promote financial inclusion.
This will make the investment process simpler and more affordable for people across the country.
ONDC transactions are cost-effective and safe, as it operates under government regulations.
ONDC: A Government Platform for Digital Transactions
Axis AMC’s MD and CEO, B. Gopakumar, mentioned, “We want to make wealth creation easy for everyone.
ONDC will help us reach a larger audience and remove barriers to investment.”
Similarly, Hrishikesh Mehta, SVP of ONDC’s Financial Services, stated that the platform’s addition of Axis Mutual Fund schemes will provide more people access to financial products, helping them grow their wealth.
Reaching People in Small Towns and Villages
Axis Mutual Fund’s availability on ONDC through platforms like Cybrilla is expected to promote digital financial services.
The increasing interest in mutual funds, especially post-COVID, has led people in smaller towns and villages to explore these investment options.
This move is expected to support long-term growth in financial services.
