Mirae Asset Mutual Fund partners with Cybrilla to simplify investing through ONDC Network

Mirae Asset Mutual Fund today announced its integration with the Open Network for Digital Commerce (ONDC), reinforcing its commitment to making mutual fund investing simpler, more transparent and accessible to a wider set of investors across India.

As part of this integration, Mirae Asset Mutual Fund has entered into an agreement with Cybrilla to provide the necessary technology services to enable financial transactions, that is subscription, redemption, switch and Systematic Investment Plan (SIP), on the ONDC network, according to a release by the fund house.

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ONDC, an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce, is building an open, interoperable digital commerce network aimed at democratising access and reducing entry barriers.

Mirae Asset Mutual Fund’s participation aligns with this vision by enabling investors to discover and transact in mutual fund products through an open, platform agnostic ecosystem, the release said.

Through this integration, Mirae Asset Mutual Fund aims to extend this simplified, digital first investing experience to a broader audience, free from platform lock ins. The integration is intended to reduce friction in the financial transaction process and improve accessibility for investors looking to transact in mutual fund products through open digital networks.

Cybrilla will power the backend infrastructure for Mirae Asset Mutual Fund’s ONDC participation, ensuring secure, scalable and compliant transaction processing while enabling a smooth investor journey.

“Our integration with ONDC is a natural extension of our belief that investing should be simple, transparent and outcome oriented. Platforms such as ONDC can help remove friction and platform dependency, making it easier for investors to transact in mutual fund products in a transparent and efficient manner,” said Swarup Anand Mohanty, Vice Chairman and CEO, Mirae Investment Managers (India).

“For someone just starting out, the ability to begin with micro savings through a UPI mandate can make investing feel far more approachable. It’s a simple habit builder, especially for people who want flexibility without losing discipline. We’re happy to support Mirae Asset Mutual Fund’s ONDC integration by powering the financial transaction backend so the experience stays secure and compliant. This is going to be genuinely great for India because it brings more people into long term, disciplined investing,” added Anchal Jajodia, Co founder, Cybrilla Technologies.

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“We are pleased to see Mirae Asset Mutual Fund join the ONDC Network. This integration, supported by Cybrilla, reflects how mutual funds are using the network to expand discovery of and access to investment products across diverse consumer touchpoints. We see this as a constructive step towards more choice for investors,” said Hrushikesh Mehta, SVP, Financial Services at ONDC.

This initiative further strengthens Mirae Asset Mutual Fund’s focus on leveraging India’s digital public infrastructure to broaden participation in capital markets and support the next generation of investors.