Ambani’s Jio can disrupt India fund distribution, says Edelweiss’ Radhika Gupta

October 13, 2023

Competition has been intensifying in the mutual fund space with the entry of new players, led by Jio Financial Services Ltd., the Reliance arm which announced a joint venture with BlackRock to set up an Indian asset management venture. The conglomerate owned by Asia’s richest man, Mukesh Ambani, seeks to propel Jio Financial to become one of the biggest shadow banks in the country and disrupt the financial services space.

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