Parthsarthisinh Padhiyar🐉

We all are aware of the recent tragedy at EY pune. This post is not about the death of Anna but I think we can learn from this and from now on we should resist and oppose the toxic culture because at the EOD we are just humans. I think we can take the below points in consideration on how we can tackle this and make the environment better for the interns and colleagues. 1. Set clear boundaries  2. It's okay to say no! 3. Engage in Open Ended questions  4. Practice self care and advocate for positive changes Companies should understand that the business can foster a more engaged and productive workforce. All I want you to remember is that “ Y𝗼𝘂𝗿 𝗷𝗼𝗯 𝗰𝗮𝗻 𝗿𝗲𝗽𝗹𝗮𝗰𝗲 𝘆𝗼𝘂, 𝗯𝘂𝘁 𝘁𝗼 𝘆𝗼𝘂𝗿 𝗳𝗮𝗺𝗶𝗹𝘆, 𝘆𝗼𝘂'𝗿𝗲 𝗶𝗿𝗿𝗲𝗽𝗹𝗮𝗰𝗲𝗮𝗯𝗹𝗲​.”

Disrupting the Mutual Fund Sector 💣 Mukesh Ambani,  is all set to shake up the Rs 44.4 Lakh Cr mutual fund sector with his Jio way! In a groundbreaking move, Ambani launched Jio Blackrock, a 50:50 joint venture with BlackRock, the world's largest asset manager, with an initial capital of Rs 2380 Cr. This partnership aims to introduce low-cost passive products, revolutionising the Indian investment landscape. With Jio Financial Services (JFS) receiving Rs 20700 Cr in liquid assets from Reliance Services, Ambani has a grand roadmap that includes breaking into B2B credit business, consumer lending, insurance, payments, digital broking, and asset management. Despite ambitious plans, JFS has its share of challenges to overcome. The mutual fund industry already boasts 40+ competitors, with top players like SBI, ICICI, HDFC, Nippon, Kotak Mahindra, ABSL, and Axis holding 80% of the market share. Additionally, new entrants like Bajaj Finserv and fintech giants like Paytm, PhonePe, Simpl, and CRED have made their presence felt in lending. The JIO Playbook Strategies  1. Noble Mission Mukesh Ambani aims to democratise investing in India through the "Fit for India" movement. He plans to remove distribution issues, making passive funds accessible to millions of retail investors seamlessly.  2. Partnership  Leveraging BlackRock's digital platform Aladdin, used by over 200 global firms, Ambani plans to bring affordable and innovative investment solutions to India, powered by advanced technology and data.  3. Advantage  JFS will capitalize on the vast network of 18500+ Reliance Retail stores and the massive subscriber base of 448.5 million Jio users, creating a robust customer reach.  4. Untapped Market  With India projected to become the world's third-largest economy in 4 - 7 years, a significant portion of the 1.4 billion population will seek to invest. Ambani sees great potential in untapped markets, including Tier-2, Tier-3 cities, and beyond.  5. Track Record  After its demerger, JFS has already emerged as India's third-largest NBFC with a valuation of Rs 1.66 Lakh Cr. Mukesh Ambani's success in the telecom sector, where he outshined all competitors within just seven years, serves as a testament to his capability to replicate the feat in the mutual fund space. Conclusion Under the leadership of Isha Ambani, Jio Financial Services is all set to make waves in the mutual fund sector. With a dynamic roadmap, strategic partnerships, and a mission to democratize investing, Mukesh Ambani's Jio is poised to disrupt the traditional norms and unlock new dimensions in the world of mutual funds. Investors and industry experts eagerly await the growth trajectory of JFS, as it embarks on a journey to redefine the landscape of mutual fund investments in India.

Zo ma to Zo mai to Zomato the popular food delivery platform, has reached a significant milestone by achieving profitability.🍅 The company recorded a profit after tax of 2 crore, which is an encouraging development for the startup community. This profitability was partly aided by a deferred tax gain of 17 crore that Zomato obtained from Blinkit, a company it acquired. However, Zomato also has deferred tax liabilities of 232 crore, which may lead to higher taxes payable in the future. As an investor, there are some key highlights to take note of: 🥫 A remarkable 93% reduction in its Loss Before tax, demonstrating significant improvement in financial performance. 🥫 An 18% increase in revenue, indicating a steady growth trajectory. 🥫 A noteworthy 418% increase in Adjusted EBITDA (excluding quick commerce). 🥫 A 34% decrease in the adjusted loss in quick commerce. 🥫 Well-managed operational costs, with only a 4% rise in advertising costs and a 13% increase in delivery costs. 🥫 Strong growth in Hyper Pure business, which saw a 29% QoQ increase. 🥫Food delivery GOV (Gross Order Value) has grown by 11%, and the CFO has expressed optimism about future profitability. 🥫However, the founder of Blinkit mentioned that achieving EBITDA positivity in quick commerce in the next year might be challenging given their plans. 🥫 Zomato plans to convert its Fixed Deposit investments into longer-term Government Securities and Corporate Bonds with higher yields, a move that aligns with their financial strategy. While these figures are promising, it's essential to keep track of Zomato's performance through their annual report for a more comprehensive understanding of their financial standing. { Please note that this information is not investment advice, and it's always recommended to consult with a SEBI RIA before making any investment decisions. } Follow Parthsarthisinh Padhiyar🐉for more such post!!