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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
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?
For market observers, the coming together of Reliance Industries’s Jio Financial Services Ltd and BlackRock Inc. to set up a 50:50 joint venture in India did not come as a surprise.
What did was the announcement by both partners that they would each commit an initial investment of $150 million. This means a combined initial investment of almost Rs 2,500 crore, which is at least 25x what most fund houses start with. The Morning Context spoke to three mutual fund CEOs and none could put a finger on the reason behind such a large allocation of funds for the asset …
Instead of going after scale like Jio, the Sunil Bharti Mittal-led telecom giant is chasing a smaller but higher-quality customer base to grow its home broadband segment. Will the bet pay off?
While the Rs 9,000 crore promoter investment in Q1 brings a measure of reassurance, investors will still have to wait for Jio and retail to work through their challenges.
