Will Jio BlackRock Disrupt India's ₹67 Trillion Mutual Fund Industry? | CA Rachana Ranade

"as I feel that even if JO Black Rockck brings in some revolution, I don't think they're going to kill the competition right away. They will in fact make the market bigger and we'll be more than happy to see this happen."

"Has this stock bottomed out or not?"

"This new JV puts it that we are here to deliver institutional grade investing to every Indian through digital first innovation."

"They aim to provide innovation affordable so provide innovative affordable and easily accessible investment solutions for the people of India that's what they have mentioned."

"First and foremost they have made uh a JV 50/50 JV uh black rockck has its own expertise geo finance has its own expertise JFSL has its own expertise and together they are trying to build the synergies and disrupt this entire space"

"Even if they want to disrupt the market, they may find newer and newer audiences to cater to and that is how the total addressable market itself will increase and I don't think that they are going to eat up big time and competition will be killed"

"the normal price war tactics uh may may not apply. uh if sebi feels that this is something which should not be done they can you know put a restriction there so uh it might not be as similar as what they did in telecom"

"If I were to take a decision of switching my nifty50 mutual fund SIP from that mutual fund to black rocks mutual fund, I'll check two parameters. Number one, is there expense ratio less? And number two, is the tracking error less?"

"our AUM to GDP ratio was 12.6% 6% dropped a little bit was similar at 145 and in March 2024 it rose to 18.2% which was like the highest. If you're very happy with 18.2 by the way latest data that I got was March 2025 data and that is 19.9%."

"Compared with USA this is 2024 data. Now USA amum to GDP is 131%. Canada 90.5, Brazil 77.5 that's where we are 18.2."

"So, I feel the same thing can happen here in the mutual fund space as well. Even if they want to disrupt the market, they may find newer and newer audiences to cater to and that is how the total addressable market itself will increase and I don't think that they are going to eat up big time and competition will be killed and this that I personally don't feel that this will happen at the outset."

"If you see here our AUM to GDP ratio was 12.6%... and in March 2024 it rose to 18.2%... latest data that I got was March 2025 data and that is 19.9%. Which is again amazing. You should be like wow 19.9%. Mutual fund AM to GDP. Wait compared with USA this is 2024 data. Now USA amum to GDP is 131%. Canada 90.5, Brazil 77.5 that's where we are 18.2. Okay, I hope you're understanding this. The world average is also at 74 and we are at 18.2."

"So that is the reason why I'm trying to tell you that even if JO Black Rockck brings in some revolution, I don't think they're going to kill the competition right away. They will in fact make the market bigger and we'll be more than happy to see this happen."

"So, if I were to take a decision of switching my nifty50 mutual fund SIP from that mutual fund to black rocks mutual fund, I'll check two parameters. Number one, is there expense ratio less? And number two, is the tracking error less? If I see that there's a drastic difference in both then of course I will think about switching from my existing scheme to my from my existing mutual fund scheme to maybe black rocks scheme."

"Bottom can't be understood while it is a bottom. Bottom can be understood after the bottom has already happened. Okay. So assume that there is a stock which is in a continuous downward trend. Then you see some sort of sideways trend. Okay. Let's say there's a double bottom formation pattern. And then you see that there's a breakout and there is a retest and there is a bounce."

"What you have to do as a homework I would have showed the chart of geo finance. I would have I would have loved to do that but you know the problems sebi I can't show the la last 3 months data so what you have to do is that you have to check whether geo finance has completed a sequence of downturn Can you see some sort of consolidation Can you see that there is some sort of uptrend which is coming If yes then you may say that yes there is a chance that it has bottomed out"

"JO Blackrock brings in some revolution, I don't think they're going to kill the competition right away. They will in fact make the market bigger and we'll be more than happy to see this happen."

"If I were to take a decision of switching my nifty50 mutual fund SIP from that mutual fund to black rocks mutual fund, I'll check two parameters. Number one, is there expense ratio less? And number two, is the tracking error less?"

"What you have to do is that you have to check whether geo finance has completed a sequence of downturn Can you see some sort of consolidation Can you see that there is some sort of uptrend which is coming If yes then you may say that yes there is a chance that it has bottomed out"

"See if I were to build an analogy for brokers. For brokers what happened is that when discount brokers came into picture they did not eat up the share of full service brokers. What discount brokers did is that they created a new market segment and that is where they penetrated first. So what they did was they increased the TAM. time is the total addressable market and that is how they became big not by eating the share of the existing full service brokers. I feel the same thing can happen here in the mutual fund space as well. Even if they want to disrupt the market, they may find newer and newer audiences to cater to and that is how the total addressable market itself will increase and I don't think that they are going to eat up big time and competition will be killed and this that I personally don't feel that this will happen at the outset right but on what basis I'm saying that they will capture newer audience and there's so many more people to tap into the space there is data for that I've taken this data from a website now if you see typically what is done is to check whether mutual fund AMC is so total u overall AMC is sorry why I'm saying AMC aum is what I intended to say sorry asset under management whether that's a big number or not I I can't compare a a asset under management versus b asset under management no typically it is done as a ratio so typically aum is compared to GDP now if you see here our AUM to GDP ratio was 12.6% 6% dropped a little bit was similar at 145 and in March 2024 it rose to 18.2% which was like the highest. If you're very happy with 18.2 by the way latest data that I got was March 2025 data and that is 19.9%. Which is again amazing. You should be like wow 19.9%. Mutual fund AM to GDP. Wait compared with USA this is 2024 data. Now USA amum to GDP is 131%. Canada 90.5, Brazil 77.5"

"I don't think they're going to kill the competition right away. They will in fact make the market bigger and we'll be more than happy to see this happen."

"Even if they want to disrupt the market, they may find newer and newer audiences to cater to and that is how the total addressable market itself will increase and I don't think that they are going to eat up big time and competition will be killed and this that I personally don't feel that this will happen at the outset right but on what basis I'm saying that they will capture newer audience and there's so many more people to tap into the space"

"So don't just jump into it. Think about basic points. Think about risks. Think about returns. What what is the minimum SIP amount? There are so many points to look into and then take a final decision. Please don't be in a hurry."

"Bottom can't be understood while it is a bottom. Bottom can be understood after the bottom has already happened. So assume that there is a stock which is in a continuous downward trend. Then you see some sort of sideways trend. Let's say there's a double bottom formation pattern. And then you see that there's a breakout and there is a retest and there is a bounce. Now what has happened? Downtrend. Why? A high, a lower high, a lower high, a lower high, a lower high, a similar high, a similar high, a higher high. Right? Low. Lower low. Lower low. Lower low. Lower low. similar low, higher low. And now you can see from sim from you know similar low similar high it has now shifted from it has now shifted to a higher higher low. Now when this happens and you can also see that there is a re retest classic case in such a case you can say that ideally bottom is done because from here we can say that maybe it can start a uptrend."

"What you have to do as a homework I would have showed the chart of geo finance. I would have I would have loved to do that but you know the problems sebi I can't show the la last 3 months data so what you have to do is that you have to check whether geo finance has completed a sequence of downturn Can you see some sort of consolidation Can you see that there is some sort of uptrend which is coming if yes then you may say that yes there is a chance that it has bottomed out"