D. Muthukrishnan, a certified financial planner and value investor, thinks that Reliance Industries Limited’s (RIL) entry into the fast-moving consumer goods (FMCG) market is “overrated.”

What Happened? The Chennai-based investor took to Twitter on Sunday to reveal what many would consider a bit of a hot take on Reliance’s popular entry into the FMCG space.

Muthukrishnan goes on to note that he believes Bajaj Finance’s entry into the mutual funds space is what he’d classify as an “underrated” move. The investor goes on to explain in a subsequent tweet that the reason he believes Bajaj Finserv‘s entry into mutual funds is a better thought-out move is because of how easy it is to bundle mutual fund offerings with loans.

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Reliance on the other hand might find it difficult to establish itself in the FMCG space as the process is generally a time-consuming one, conceded the value investor.

The giant conglomerate revealed its plans to enter the FMCG market at its annual general meeting held in August 2022. RIL incorporated Reliance Consumer Products at the end of November 2022.

Meanwhile, financial services company Bajaj Finserv received the final registration from the SEBI to start its mutual fund business operations under Bajaj Finserv Mutual Fund on March 1, 2023.

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