Jio financial services planning to start AMC business in partnership with BlackRock. Can they disrupt AMC and every other financial services business like they way they did with mobile services? One possible action from their side could be to keep the TER low to grow AUM and be ok with lower profitability for few years.
With big companies like Bajaj & Reliance entering the mutual fund business, competition will only get tougher and possibly lower profitability for all companies? And it’s not competition but even SEBI wants TERs to come down
So, wondering how the future would look for HDFC AMC which is already struggling for growth (unless until they quickly jump on an acquisition spree with the financial strength of HDFC Bank)
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