 "Blackrock")
The joint venture of Jio Financial Services and BlackRock to foray into India’s asset management space could be disruptive but not disastrous for incumbent industry players, analysts said on Thursday.
As an investment strategy, analysts suggest investors stay put in shares of those AMCs that consistently improve business metrics, and where market capitalisation-to-asset under management (AUM) valuation is not stretched.
However, growth expectations of incumbent players may get trimmed in the medium-to-long term, analysts said, once the Jio-BlackRock JV unveils its plans, discounting the
