Kissht Enters Mutual Fund Distribution; Can It Launch Mutual Funds Now?

Kissht is expanding its presence beyond digital lending after its parent company, OnEMI Technology Solutions, announced that its wholly owned subsidiary, Invincible Minds, has received registration from the Association of Mutual Funds in India (AMFI) to distribute mutual fund products.  

The move marks the company's entry into the wealth distribution segment and aligns with its strategy to diversify its financial services offerings. 

Kissht Expands Beyond Its Core Lending Business 

Invincible Minds received its AMFI Registration Number (ARN) on July 14, 2026. The registration is valid from July 13, 2026, to July 12, 2029, enabling the subsidiary to distribute mutual fund products. However, approval does not permit it to launch or manage mutual fund schemes.  

OnEMI Technology Solutions incorporated Invincible Minds as a wholly owned subsidiary on June 17, 2026, with an initial paid-up capital of ₹9 crore. 

The company had stated that the subsidiary would lead its expansion into non-lending businesses and allied financial services; a strategy outlined in its initial public offering (IPO) prospectus. With the AMFI registration now in place, the company can offer mutual fund distribution services, adding another financial product to its digital platform. 

The expansion reflects OnEMI's efforts to diversify beyond its core lending business and broaden its presence across the financial services ecosystem. 

Read More: OnEMI Tech Shares Debut at ₹191 on BSE, Premium to ₹171 IPO Price 

What the AMFI Registration Allows 

The AMFI Registration Number authorises Invincible Minds to distribute mutual fund schemes offered by asset management companies. 

However, the registration is limited to distribution activities. It does not allow the subsidiary to sponsor, launch or manage mutual fund schemes, which require separate regulatory approvals. 

OnEMI Technology Solutions Share Price Performance 

As of July 17, 2026, at 12:07 PM, OnEMI Technology Solutions share price was trading at ₹310.45 on the NSE, down 3.33%.  

The stock opened at ₹320.00 against the previous close of ₹321.15 and touched an intraday low of ₹309.10 during the session. 

Conclusion 

Kissht's entry into mutual fund distribution marks an important step in OnEMI Technology Solutions' strategy to expand beyond digital lending. Through its subsidiary, Invincible Minds, the company has entered the wealth distribution space, adding mutual fund distribution to its portfolio of financial services. 

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