December 13, 2025
How to Build a Mutual Fund App on ONDC
A clear, practical guide to building an ONDC buyer app for mutual funds—covering architecture, roles of Cybrilla, Fintech Primitives, and how MFStack accelerates launch.
Introduction
ONDC is changing how mutual funds can be distributed—by enabling interoperable buyer and seller apps instead of closed platforms.
If you’re exploring mutual fund app development on ONDC, this guide explains the architecture, responsibilities, and the fastest path to launch.
ONDC Basics for Mutual Funds
ONDC uses the Beckn protocol and separates roles:
- Buyer App → Distributor / fintech-facing app
- Seller App → AMC side (via POA)
- Network → Discovery, interoperability, standards
For mutual funds, this creates open distribution.
Key Building Blocks
To build a mutual fund app on ONDC, you need:
- ONDC Buyer App Layer
- Investor journeys
- Distributor workflows
- Search, select, invest
- Transaction & Compliance Layer
- MF transactions
- SIP lifecycle
- Reporting & reconciliation
- AMC Connectivity (Seller Side)
- Powered by a POA (e.g., Cybrilla)
Where Cybrilla Fits
Cybrilla acts as the Seller App / POA for AMCs on ONDC:
- AMC order routing
- RTA connectivity
- ONDC-compliant seller workflows
This abstracts AMC-side complexity.
Where Fintech Primitives Fits
Fintech Primitives powers the mutual fund infrastructure:
- MF transaction APIs
- Order validation & lifecycle
- Compliance-aligned flows
- Reporting data
This ensures reliability and scale.
Where MFStack Fits
MFStack focuses on the Buyer App experience:
- Investor & distributor apps (web + mobile)
- Digital onboarding & KYC
- White-label UI & branding
- Assisted transactions (DIT)
- SDKs & embeddable workflows
MFStack connects the ONDC buyer layer with Fintech Primitives infra.
Architecture Summary
- MFStack → UX, workflows, apps (Buyer App)
- Fintech Primitives → MF transactions & compliance
- Cybrilla → AMC seller side (POA)
- ONDC → Interoperable network
Each layer does one thing well.
Why This Model Works
- Faster go-to-market
- Lower integration risk
- ONDC compliance by design
- Scalable across AMCs
- No custom RTA plumbing
Who Should Build on ONDC
- Distributors exploring ONDC early
- Fintechs launching buyer apps
- Platforms seeking open distribution
- Enterprises avoiding AMC-by-AMC integrations
Conclusion
Building a mutual fund app on ONDC doesn’t require building everything yourself.
With the right separation of roles, teams can launch ONDC-ready mutual fund apps quickly, while staying compliant and scalable.
ONDC opens the network.
MFStack builds the experience.