Summary:
- This article discusses the impact of financial technology (fintech) on the mutual fund industry in India. It explains how fintech platforms like the Open Network for Digital Commerce (ONDC) are making it easier and more affordable for people to invest in mutual funds through small, regular investments (SIPs).
- The article highlights how ONDC, a government-backed initiative, is helping to reduce the costs associated with mutual fund investments by connecting investors directly with fund houses, cutting out intermediaries.
- It also discusses how fintech is making it simpler for people to start investing in mutual funds, even with small amounts, by offering user-friendly platforms and tools to help them make informed decisions.