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Reliance Jio May Launch Mutual Funds Among Other Financial Products

Professor of Financial Economics and Part-time Value Investor, Transfin.
Jan 3, 2020 6:12 AM 1 min read
Editorial

Reliance Jio might soon roll out financial products including mutual funds.

 

JIO

Reliance Jio may launch mutual funds among other financial products.

We'll Do it All...: As per sources, Reliance Jio might soon roll out financial products including mutual funds.  

 

...Everything...: Reliance Jio’s digital payments platform, JioMoney, could be used to sell the mutual funds, which currently allows users to donate, send and receive money, in addition to paying bills and recharging mobile phones and DTH connections, among other services. 

 

...On Our Own: A Reliance Jio official reportedly said that the company has been beta-testing its offering among employees for a few quarters now. Inc42

 

Setting Up Shop: Reliance Industries, in a bid to take on rivals such as Amazon and Walmart, as well as online grocery-specialists such as BigBasket and Grofers, on January 1st rolled out its new ventured called JioMart, marketed as “Desh Ki Nayi Dukaan”. 

 

The soft launch this week comes months after Mukesh Ambani said that he wants to service tens of millions of retailers and store owners across the country. If there is anyone in India who is positioned to compete with heavily backed Amazon and Walmart, it’s Ambani. Click here for the full scoop. 

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