News From Press Can Jio disrupt the mutual fund business?

Can Jio disrupt the mutual fund business?

Source: Business Standard Jul 31, 2023

Mukesh Ambani’s newly demerged entity Jio Financial Services, about which hardly anything is known, is widely expected to disrupt the $540 billion Indian mutual fund (MF) business. It has formed a 50:50 joint venture with giant US fund house BlackRock to “transform India’s asset management industry” and “democratise access” to options for Indians by delivering “affordable and innovative investment solutions”.

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