It’s a rare retreat by the house of Reliance.

In April, Jio Blackrock Asset Management signalledThe Economic TimesAfter direct push, Jio BlackRock taps distributors to drive growth it would engage with distributors too to sell its mutual-fund schemes to investors. This came less than a year after the launch of the fund house. At that time, the company was categorical about how it would sell its schemes—straight to investors through “direct plans”. No “regular plans” through distributors earning........

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