Latest news with #AccountCreationInitiative
Time of India
07-07-2025
- Business
- Time of India
Jio BlackRock NFOs draw 67,000 retail investors, 90+ institutions
JioBlackRock Mutual Fund , which launched three new fund offers (NFOs), received an overwhelming response from retail investors, with over 67,000 individuals investing during the offer period. The fund also attracted investments from more than 90 institutional investors. According to the fund house, the participation from over 90 institutions reflects confidence in JioBlackRock Asset Management's value proposition, which combines data-driven investing with a digital-first approach. Also Read | Mutual fund SIP guide: How to invest for the rest of 2025 Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Kulkas yang belum Terjual dengan Harga Termurah (Lihat harga) Cari Sekarang JioBlackRock Mutual Fund announced that it has received total investments of Rs 17,800 crore (USD 2.1 billion) across three cash/debt mutual fund schemes — the JioBlackRock Overnight Fund , JioBlackRock Liquid Fund , and JioBlackRock Money Market Fund . The new fund offer (NFO) for these three schemes was open from June 30 to July 2. Live Events 'The overwhelming response to our first NFO from institutional and retail investors is a powerful endorsement of JioBlackRock Asset Management's innovative investment philosophy, risk management capabilities, and digital-first approach. This is a strong start to our journey towards becoming a transformative force in India's evolving investment landscape, catering to all types of investors,' said Sid Swaminathan, Managing Director and CEO, JioBlackRock Asset Management. The NFOs launched by the fund house were among the largest in India's cash/debt fund segment, placing JioBlackRock Asset Management among the top 15 asset management companies by Debt Assets Under Management in the country, out of 47 fund houses. These initial offerings provide a broad range of investors with options to manage various elements of cash and short-term allocations, helping them put idle funds to work while meeting different liquidity, risk, and return objectives. Short-duration debt and money market mutual funds offer a solution for investors seeking yield through lower-volatility, short-term instruments—without locking into long-term commitments. They provide flexibility to meet liquidity needs and are useful tools for portfolio builders, corporate treasuries, and retail investors alike, the fund house noted. JioBlackRock Asset Management has also announced an Account Creation Initiative aimed at enabling retail investors to benefit from its systematic investment approach and participate in upcoming fund offerings. Also Read | Mazagon Dock and Radico Khaitan among 19 stocks which are upgraded in H2 CY25 Designed to simplify onboarding, the initiative allows customers to create investment-ready accounts within minutes through the JioFinance app. All a customer needs to do is download and/or open the JioFinance app, tap the 'Invest' tab at the bottom of the homepage, and begin the account creation and investment journey. Last week, the fund house announced the launch of mutual fund access on the MyJio app via its social media platforms, calling it a new era of investing. On social platform X, the fund house posted: 'A new era of investing has begun on the MyJio app.'
&w=3840&q=100)
Business Standard
07-07-2025
- Business
- Business Standard
JioBlackRock raises ₹17,800 cr in debut NFO, enters India's top 15
JioBlackRock Asset Management Private Limited has made its debut in India's asset management space, raising over ₹17,800 crore ($2.1 billion) in its maiden New Fund Offer (NFO) held from June 30 to July 2, 2025. The strong reception has placed the joint venture, formed by Jio Financial Services Ltd (JFSL) and global asset manager BlackRock, among India's top 15 fund houses by debt assets under management (AUM), in a market with 47 players. Three short-duration funds lead offering BlackRock launched three cash/debt mutual fund schemes: JioBlackRock Overnight Fund JioBlackRock Liquid Fund JioBlackRock Money Market Fund These products focus on short-duration debt instruments, offering low-volatility, high-liquidity options suited for both institutional treasuries and retail investors seeking flexible cash management tools. The offering drew participation from more than 90 institutional investors and over 67,000 individual investors. 'The overwhelming response to our first NFO is a powerful endorsement of JioBlackRock's innovative investment philosophy, risk management capabilities and digital-first approach,' Managing Director and CEO Sid Swaminathan said in a press release. 'This is a strong start to our journey to becoming a transformative force in India's evolving investment landscape'. Account Creation Initiative on JioFinance app To encourage broader retail participation, JioBlackRock has launched an Account Creation Initiative via the JioFinance app. This feature allows investors to set up investment-ready accounts and to digitally access current and future fund offerings. With this launch, BlackRock aims to deliver cost-effective and inclusive investment solutions, tailored to Indian investor needs, the firm said.
