The National Commodity and Derivatives Exchange (NCDEX) has received regulatory approval from the Securities and Exchange Board of India (SEBI) to launch a mutual fund distribution platform, marking a strategic diversification beyond its core commodities business. The move positions NCDEX to tap into India’s expanding retail investment market while leveraging its existing technology infrastructure and nationwide participant base. Market observers view the approval as a significant milestone that aligns with broader efforts to deepen capital markets and improve access to financial products.