DSP Asset Managers partners with Cybrilla to bring mutual funds live on ONDC Network

DSP Asset Managers has partnered with Cybrilla to become one of the first mutual fund companies to go live on the Open Network for Digital Commerce (ONDC). By joining ONDC Network, DSP MF is opening up new opportunities as the network’s open design lets more distributors, including local entrepreneurs and fintech startups—offer mutual funds to a wider audience.

ONDC is an initiative of the Ministry of Commerce and Industry, Government of India to create a facilitative model that revolutionizes digital commerce, giving greater thrust to penetration of retail e-commerce in India, according to a press release by the fund house.

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ONDC Network’s financial services initiative focuses on helping people who have been unserved / underserved by the traditional financial system. It provides easier access to credit for individuals and small businesses, especially in areas where banking services are limited. It also offers simple investment options for first-time investors who want to start small and grow their savings steadily, the release added.

Because ONDC Network is decentralized, DSP and its partners can create new investment products like daily SIPs or goal-based micro-investments.

This setup also lowers costs. DSP can cover KYC and payment gateway fees, making it easier for new distributors to join and serve customers. The Network’s focus on bringing in first-time investors and keeping them engaged fits perfectly with DSP’s belief in disciplined, long-term investing.

ONDC network is also evaluating feasibility of newer technologies like Central Bank Digital Currency (CBDC) which can be used for purchase and redemption of mutual funds lowering overall costs and offering instant settlement.

"Our Integration with ONDC is a big step toward making investing simple and available to everyone in India. We want to reach people in smaller cities who have fewer options and help them start building wealth with confidence. This is not just about technology — it’s about giving more people a fair chance to grow financially,” said Manish Rathi, VP and Head – Consumer Growth Marketing, DSP Asset Managers.

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"This integration signals a shift from centralized distribution to decentralized opportunity. By bringing mutual funds onto the ONDC Network, we’re not just expanding access; we’re reconfiguring the way financial products are discovered, trusted, and adopted at scale. DSP’s early participation exemplifies the foresight needed to lead in this new landscape,” said Vibhor Jain, Acting CEO and COO at ONDC.

"Bringing mutual funds onto the ONDC network isn’t just a technical milestone, it’s a structural shift in how financial products reach people. With DSP Asset Managers on board, we’re enabling a new kind of distribution where local distributors and digital apps can offer low-cost, goal-based investments to first-time investors across India. It’s exactly the kind of inclusive infrastructure we’ve always wanted to build, and we’re proud to help make wealth creation more accessible,” said Anchal Jajodia, Co-founder, Cybrilla.

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