New Delhi, June 9 -- A small set of fintechs and ONDC (Open Network for Digital Commerce) have come up with an audacious plan to revolutionise investing in mutual funds for India's masses. The initial pipeline has been built out and is operational. The full plan, still at the discussion stage among fintechs, mutual funds and ONDC, is breathtaking in its scope since it would involve a change to Sebi's (Securities and Exchange Board of India) regulations on the distribution of mutual funds. 
At the heart of this plan is the system created by a fintech company called Cybrilla.

Cybrilla, which has a license from Sebi as a Registrar and Transfer Agent, has built a system where the distributor and mutual fund can directly interface, bypa...