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| Name | Can JIO kill Zerodha, Angel One, Groww in Stockbroking Race? | Jio Fin launching as a Stockbroker |
| Video Uploader | Video From A Digital Blogger |
| Upload Date | This Video Uploaded At 24-04-2024 14:55:25 |
| Video Discription | Jio Financial Services, which is led by Mukesh Ambani, the big boss of Reliance Industries, is getting into the stockbroking and wealth management business. They're teaming up with BlackRock, a huge company from the US, to do this. BlackRock is not just their partner for these new businesses but also for setting up a money management business in India. Recently, they announced that they're joining hands again with BlackRock to start these new ventures. This news comes at a time when they're still waiting for the green light from the regulators for their earlier plan to start a mutual fund business. They had applied for permission from the Securities and Exchange Board of India (Sebi) back in October 2023. In July 2023, both Jio Financial Services and BlackRock decided to step into India's mutual fund market, which is worth more than Rs 50 trillion. They planned to invest $150 million each for this. Now, they're going further with their partnership, aiming to create a wealth management company and later a brokerage company in India. For these new ventures, they'll need separate permissions from Sebi. Jio Financial Services, which is the financial services part of Mukesh Ambani's Reliance Industries, is now splitting up to focus more on finance. A report says that big institutional platforms manage more than half of the $1-1.2 trillion owned by rich people in India. Banks handle about a third of it, while Indian wealth managers take care of about 12-14%. The new partnership might face competition from banks and other wealth management firms like BNP Paribas Wealth Management, 360 One, Nuvama, and Avendus. But with Jio and BlackRock joining forces, they could shake up the industry a bit. Open Angel One Demat here: https://shorturl.at/iBLP4 Join the Fraud Free Awareness Program NOW: https://aseemjuneja.in/fraud-free-awareness-program/ Follow us on Social Media Handles: Instagram - https://bit.ly/adb_insta Twitter- https://bit.ly/adb_twt LinkedIn- https://bit.ly/adb_linkdin š§ Listen to Our Podcast on Spotify: https://spoti.fi/3JnpmSQ š„Subscribe to our Aseem Juneja Channel: https://www.youtube.com/@aseemjuneja š„Subscribe to our Stock Market Learning Channel: https://www.youtube.com/@StockPathshalaOfficial Install our Stock Pathshala App: https://play.google.com/store/apps/details?id=com.codeclinic.stockpathshala ā Visit Our Website https://www.adigitalblogger.com/ ā Visit our Hindi Website https://hindi.adigitalblogger.com 00:00 Intro 01:07 First Mover advantage 01:40 Late mover advantage 02:16 Mukesh Ambani launches stock broking business 02:57 Strength of Jio financials Services 03:52 Weakness of JIO Financial Services 04:26 Opportunities of JIO Financial Services 05:27 Opinion on JIO Financial as a Stock Broker 06:47 Threats of JIO Financial Services |
| Category | News & Politics |
| Tags | jio financial services | jio financial services latest news | jio financial services news | jio financial services mukesh ambani | mukesh ambani blackrock | mukesh ambani vs blackrock | jio financial blackrock | jio financial business | mukesh ambani new business | blackrock jio financial services | blackrock jio | blackrock jio merger | blackrock jio deal | What is the deal between BlackRock and Ambani? | Is Reliance partnering with BlackRock? | blackrock ambani deal |
