ONDC and Appreciate Pioneer Rs. 100 Mutual Fund Transactions in a Drive for Financial Inclusion

In an effort to broaden financial inclusion in India, Appreciate has conducted the first Rs. 100 mutual fund transaction through the ONDC Network. This initiative aims to democratize access to financial products, enabling small-scale investments and expanding the reach of mutual fund services across underserved regions.

In a significant development for India's financial services, Appreciate has executed the first Rs. 100 mutual fund transaction via the Open Network for Digital Commerce (ONDC) Network. This marks a pivotal step in making investment products more accessible across diverse regions in India.

Appreciate aims to democratize investment opportunities, particularly targeting areas underrepresented in traditional finance by enabling small-ticket investments. The company's collaboration with Nippon India AMC marks the first of many anticipated partnerships to foster financial inclusion.

The ONDC Network, originally established to support e-commerce, is now extending its reach into financial services, further diversifying into mutual funds and planning to include insurance soon. This expansion underscores a broader mission to make financial products as accessible as e-commerce items for India's population.

(With inputs from agencies.)