Axis Mutual Fund has now joined Open Network for Digital Commerce (ONDC) Network to facilitate transactions in Axis Mutual Fund schemes through this network. ONDC is an initiative by DPIIT, Ministry of Commerce aimed at democratising digital commerce by establishing an interoperable open network for digital transactions.

This integration marks a significant step toward making mutual fund investments in its schemes more accessible, affordable, and inclusive, particularly for investors of Axis MF in underserved markets, according to a press release.

By integrating with this open network, Axis Mutual Fund aims to empower its investors to easily access mutual fund products, removing traditional barriers to investment. This initiative is in line with the fund house’s commitment to financial empowerment, ensuring that wealth creation opportunities are available to all those who wish to invest. Leveraging on ONDC’s interoperable digital infrastructure, Axis Mutual Fund seeks to redefine the way investments are made, the release said.

This integration with ONDC is a game-changer for financial inclusion in India. By leveraging ONDC Network, we are breaking down barriers and making mutual fund investments accessible to millions of Indians, including those in underserved and remote areas. Our goal is to democratize wealth creation empowering every individual, regardless of location or income, to take control of their financial future. Joining the ONDC Network is a significant step towards building a more inclusive, transparent, and digitally enabled investment landscape in India, said B. Gopkumar, MD & CEO, Axis AMC.