Startup Idea : NAV Market

This will be a NAV future market where people can bet on NAV of mutual funds. Since the mutual fund returns depends on NAV there is lot of scope for such market. This will work mostly as hedging for mutual fund risk exposures. Our organization will mostly work on commission from seller of such future contract and investing money taken as security in the gap of time of selling such future to actual exercise. In many countries regulation will not approve such market (Probably). However these countries are limited in number. The collaboration from citizen of such countries are not expected.