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 Asias 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.
Edelweiss' Radhika Gupta says Jio Financial by Ambani has the potential to disrupt fund distribution in India vervetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vervetimes.com Daily Mail and Mail on Sunday newspapers.
The dynamic prospects within India s mutual fund industry, spurred by recent tax reforms, elevated transparency standards, and the dawn of new horizons, promise an exciting journey ahead.
10 fund houses with smallest AUM or assets under management indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.