Jio-BlackRock's Market Entry: What It Means for India's Broking Industry

Jio-BlackRock's Market Entry: What It Means for India's Broking Industry

Jio-BlackRock's Market Entry: What It Means for India's Broking Industry In a recent statement on social media platform 'X', Zerodha CEO Nithin Kamath shared his views on Jio-BlackRock entering the Indian stockbroking scene. Kamath considered it a positive development, noting Jio's vast distribution capabilities, which could help expand the market beyond the top 10 crore individuals currently participating.Kamath expressed concerns about the cur…

Jio Financial Services Not A Threat To Zerodha: Nithin Kamath

Zerodha cofounder and CEO Nithin Kamath believes that Jio Financial Services’ (JFS) entry into the stockbroking space doesn’t pose as much threat to the company as first-time founders.  “I still feel our real competition is going to be more from first-generation founders who are running, breathing, and always thinking about broking,” Kamath said in a post on X. “I somehow don’t feel it (the competition) is really going to be from incumbents.” Ka…

Zerodha's Nithin Kamath On Jio-Blackrock: 'Not A Business Where Deep Pockets Mean A Large Moat'

Zerodha Chief Executive Officer and Co-Founder Nithin Kamath said on Wednesday that he does not see a competitive threat from the mutual funds and investment company Jio-Blackrock receiving a stock-broking license.Jio-Blackrock was formed as a 50:50 joint venture between telecommunication company Jio an arm of Reliance Industries Ltd., and Blackrock, the world's largest asset manager, based in the US.The company paired Jio's digital reach and in…