NCDEX Expands into Equities Market with Mutual Fund Platform

NCDEX, a major commodities exchange in India, is expanding into the equities market by launching a mutual fund platform called Nidhi on July 29.

This move aims to leverage its existing network of 1.3 million farmers and 750 farmer-producer organizations, who have an investable surplus and could be interested in investing in equity markets.

NCDEX plans to launch its equity cash segment by early 2027, followed by equity derivatives six months later.

The exchange will continue to focus on and expand its core commodities business, including launching new commodity derivatives like black pepper futures and weather-related contracts.

This expansion is driven by the opportunity to tap into the growing number of new investors from smaller towns and rural areas.