Key Points
While the scope for Jio BlackRock is immense, it will require more than just repeating the playbook Reliance used in telecom and retail to replicate that success...
When the term disruption is brought up in Indias business milieu, the first name that probably springs to mind is Mukesh Ambanis Reliance Industries..
As Ambanis Jio Financial and US-based BlackRock, the worlds largest asset manager, team up to take on India's asset management industrys well-entrenched incumbents, corporate watchers are wondering whether this is the Jio moment for the asset management space..
With Reliances technological capabilities, access to large amounts of consumer data and a strong brand name, Jio BlackRock could be in a position to dominate the AIF business, which has largely been ignored by the mutual fund industry, experts said...
As Sebi looks to further shrink the fees that mutual funds can charge unitholders, the scope for disruption by a new playereven of the size of Jio BlackRockin this industry looks limited under current regulations..
