Trading volumes on the mutual fund platform of the NSE have doubled last fiscal to ₹16,563 crore against ₹7,624 crore logged in FY16, on the back of investors’ renewed interest to tap into the bull-run in equity markets.
The NSE mutual fund platform (NMF) is only for Association of Mutual Funds of India-registered MF distributors and Registered Investment Advisors. The number of distributors registered on the NSE has increased to 2,150 against 1,500 in March, 2016.
Thanks to the efforts put in by MFs, the number of transactions on the platform more than tripled to 26.94 lakh from 7.69 lakh in FY16. Interestingly, the number of systematic SIPs registered on the platform have almost quadrupled to over 2.30 lakh (60,000).
