Jio Financial Services Not A Threat To Zerodha: Nithin Kamath

Kamath said that Jio “probably” has the “distribution might” to further expand the participation in Indian retail investor market beyond the current “top 10 Cr Indians”

However, Kamath also said that “deep pockets” does not imply a large moat in the homegrown stockbroking space

This comes close on the heels of the JFS-BlackRock joint venture getting a broking licence from SEBI

Zerodha cofounder and CEO Nithin Kamath believes that Jio Financial Services’ (JFS) entry into the stockbroking space…