The National Commodity and Derivatives Exchange (NCDEX) has secured board approval to launch a mutual fund distribution platform as part of its cash segment and plans to go live by April next year, subject to regulatory clearance from SEBI.

“We have got the board approval, and once SEBI clears it, we should be in a position to launch the platform by April,” said Arun Raste, Managing Director and CEO of NCDEX, in an interaction with businessline .

The platform, designed on the lines of BSE Star MF and NSE NMF II, will function independently of the exchange’s main trading and settlement system. “It will be a separate platform, not dependent on the trading and settlement platform. So, I don’t have to wait for the equity system to be finalised,” Raste said.

The exchange has already initia

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