Jio BlackRock could acquire another mutual fund business

The fund house, expected to chart a passive investment course, starts with nearly Rs 2,500 crore in capital. Why does it need so much money for what is essentially a low-cost investment strategy?

28 September, 202310 min
0
Banner image

Subscribe to read this story

We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.

$99 for one year

SUBSCRIBE
Already have an account? Sign In

Not ready to subscribe? Sign up for a free account

We value our free readers. Read 100+ stories every year.

You may also like

Business
Story image

An uneventful Reliance AGM that could not have been otherwise

Everyone seems to be disappointed with the company’s annual general meeting. With hands full and businesses that need further nurturing, this was not the time for big-bang announcements. And so it was.

Business
Story image

Mukesh Ambani faces big test in race to protect his cash engine

With Russian crude turning into a liability, RIL needs to rebalance its oil basket. Can its chairman pull this off without seriously impacting the lucrative oil-to-chemicals business and limiting future investment firepower?

Business
Story image

A (failed) jewel heist in Dubai

An eight-hour chase by Dubai Police to recover a rare diamond, a large Indian private lender enroute to the Emirates and other headlines from the week.