Sachet-sized investments: First Rs 100 MF transaction takes place

Fintech firm Appreciate has announced the first mutual fund transaction on the Open Network for Digital Commerce (ONDC) platform. This milestone marks a significant step in the integration of mutual fund services with the ONDC, aiming to enhance accessibility and convenience for investors. The transaction was facilitated through Appreciate’s digital platform, which offers a seamless and user-friendly experience for mutual fund investments. This development underscores the potential of ONDC to revolutionize the financial services sector by providing a unified and interoperable platform for various financial products. Appreciate’s initiative is expected to drive greater participation in mutual funds and promote financial inclusion.