Jio BlackRock Asset Management plans to introduce a range of equity and debt funds in India by year-end, focusing on small-ticket investments and cost reduction by bypassing distributors. The joint venture aims to offer funds with investments as low as ₹500, challenging the traditional market structure.
Key highlights:
• Jio BlackRock to offer active and passive funds in India
• Plans to leverage Jio’s telecom network and BlackRock’s investment platform
• Already raised over $2.1 billion across three debt mutual fund schemes
• Aiming to lower costs by eliminating distribution expenses
The development could reshape India’s funds market by providing more accessible investment opportunities for retail investors and altering industry cost dynamics.
Source: Business News Today, Latest Finance News | The Hindu