Improving reach and accessibility of Investment products using investor friendly tools and technology is the goal that NSE pursues in its endeavour towards financial Inclusion. In line with this, in order to promote retail investor participation across the country in mutual funds, NSE is pleased to announce launch of its online platform NMF II. NMF II is a web based platform bringing mutual fund distributors together on a single full service platform which helps them service their investors effectively and efficiently.
 

 The NSE Mutual Fund Platform (NMF II) platform uses state of the art technology facilitating electronic transactions with seamless connection between NSE, NSE Clearing, AMC, RTA and distributors. The platform eliminates paperwork significantly thereby reducing operational risks involved in paperwork and paper transit. Distributors also have the facility of enabling their investors to opt for online transacting. Investors have the benefit of single view of their mutual fund investment. Distributor would have view of all his customers transactions carried out through him.  

The NMF II platform facilitates variety of transactions like Subscription, redemption, Switch, SIP/STP/SWP and channels for making payment include Cheque / Demand Draft, Net banking (online), RTGS /NEFT, Debit card.

Key Benefits of the NMF II Platform

All entities that are currently permitted by the Association of Mutual Fund of India (AMFI) to distribute mutual funds will be allowed on the NMF II platform.

 

Mutual Fund Service System (MFSS) is an online order collection system provided by NSE to its eligible members for placing subscription or redemption orders on the MFSS based on orders received from the investors. NSE launched India's first Mutual Fund Service System (MFSS) on November 30, 2009 through which an investor can subscribe or redeem units of a mutual fund scheme.