Jio BlackRock plans to launch equity/debt funds in India by year-end, targeting small investments and cutting costs by bypassing distributors. They use Jio's network and Aladdin for differentiated products, aiming for lower fees than industry averages. They’ve already raised $2.1B with 67k retail investors.

• Direct only model reduces expense ratios by 0.5-0.6% compared to the industry average of 1.78%.
• Targets 8M Jio financial users, leveraging 475M telecom subscribers for retail reach.
• A mix of active/passive funds uses Aladdin for consistent returns, tapping India's growing passive segment.