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India.com
3 days ago
- Business
- India.com
Mukesh Ambani to transform India's Mutual Fund industry, partners with world's largest asset manager, what is Jio BlackRock?
Mukesh Ambani JioBlackRock Asset Management, a 50:50 joint venture between Jio Financial Services and BlackRock, has received market regulator Sebi's approval to launch five mutual fund schemes. These funds are JioBackRock Nifty 50 index, JioBlackRock Nifty 8-13 yr G-Sec Index Fund, JioBlackRock Nifty Smallcap 250 Index Fund, JioBlackRock Nifty Next 50 Index Fund, and JioBlackRock Nifty Midcap 150 Index Fund, an update with Sebi showed on Wednesday. Of these five schemes, four are equity-oriented index funds while one is a debt-oriented index fund. JioBlackRock Mutual Funds NFO On July 7, JioBlackRock Asset Management announced the closure of its maiden New Fund Offer (NFO), recording a total investment of Rs 17,800 crore (USD 2.1 billion). The fund was mobilised from three cash/debt mutual fund schemes: JioBlackRock Overnight Fund, JioBlackRock Liquid Fund and JioBlackRock Money Market Fund. The three-day NFO received an overwhelming response from over 90 institutional investors and more than 67,000 retail investors. What is Jio BlackRock? Jio BlackRock is a digital-first asset management company, born out of a strategic partnership between Reliance Jio and global investment giant BlackRock. The venture wants to revolutionize the mutual fund landscape in India by combining Jio's vast telecom reach with BlackRock's investment want to make investing accessible to millions of Indians especially in Tier II and Tier III cities through mutual fund offerings. The platform plans to leverage Reliance's digital and financial ecosystem, like the Jio Finance app, which comes pre-installed on smartphones used by over 475 million Jio subscribers and gives direct access to investment products. Jio Blackrock Impact On India's Mutual Fund Industry India's mutual fund industry has been concentrated in metro cities. In 2017, the top 35 cities accounted for nearly 90% of total Assets Under Management (AUM). By March 2025, this figure dropped to 70%, showing a shift towards greater rural and semi-urban participation. Jio BlackRock wants to bridge the urban-rural divide and democratize access to wealth-building tools. Jio BlackRock's strategy focuses on two key pillars: Expanding retail participation through affordable Systematic Investment Plans (SIPs), reportedly starting from just ₹500 per month. Harnessing technology and behavioral nudges to cultivate long-term, consistent investment habits among users. (With Inputs From PTI)
Business Upturn
6 days ago
- Business
- Business Upturn
Jio Financial Services: Jio BlackRock gets SEBI approval to launch 4 passive funds
By Aditya Bhagchandani Published on July 16, 2025, 11:04 IST Jio Financial Services, through its joint venture Jio BlackRock, has secured approval from the Securities and Exchange Board of India (SEBI) to launch four passive mutual fund schemes, according to official Scheme Information Documents reviewed. The approved schemes are: Jio BlackRock Nifty 8-13 yr G-Sec Index Fund — tracking the Nifty 8-13 year Government Securities Index Jio BlackRock Nifty Smallcap 250 Index Fund — tracking the Nifty Smallcap 250 Index Jio BlackRock Nifty Next 50 Index Fund — tracking the Nifty Next 50 Index Jio BlackRock Nifty Midcap 150 Index Fund — tracking the Nifty Midcap 150 Index These are all open-ended index funds designed to passively replicate the respective benchmarks with minimal tracking error, offering investors exposure to equity and debt segments of the Indian market. The approvals mark a significant milestone for Jio BlackRock, which was formed as a partnership between Reliance's Jio Financial Services and BlackRock, the world's largest asset manager. With these funds, the JV aims to tap into India's rapidly growing mutual fund industry, offering low-cost, transparent, and benchmark-aligned investment options. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Time of India
6 days ago
- Business
- Time of India
Jio BlackRock Mutual Fund receives Sebi nod for 4 index funds
Jio BlackRock Mutual Fund has received approval from the markets regulator, Sebi , for four index funds - JioBlackRock Nifty Midcap 150 Index Fund, JioBlackRock Nifty Next 50 Index Fund, JioBlackRock Nifty Smallcap 250 Index Fund, and JioBlackRock Nifty 8-13 yr G-Sec Index Fund. Out of these four funds, three are equity-oriented index funds, whereas one is a debt-oriented index fund. MORE TO COME...
