Latest news with #JioBlackRock
Economic Times
5 days ago
- Business
- Economic Times
Jio BlackRock enters Indian MF market with focus on profitability and growth
Synopsis Jio BlackRock Asset Management, a new entrant in the Indian mutual fund industry, is prioritizing profitability and capturing new market growth over aggressive pricing strategies, unlike Jio's telecom approach. The joint venture aims to offer differentiated products and leverage its tech platform, Aladdin, to reduce costs and provide competitive pricing. Agencies The industry is keeping a close watch to see if Jio BlackRock will undercut rivals in the ultra-competitive mutual fund industry. Mumbai: Jio BlackRock Asset Management, one of the latest high-profile entrants into the Indian mutual fund industry, maybe following a slightly different playbook from group entity Jio's disruptive telecom foray. The 50:50 joint venture between Mukesh Ambani-backed Jio Financial Services and the world's largest asset manager BlackRock, may not be as aggressive on its pricing strategy to grab market share, unlike Jio's sharp discounting that helped it catapult into the big league in and capturing share from new growth in a market that has grown threefold in five years will be some of its mantras. "It is not at all to just capture market share, and profitability will be important and pricing is one of the key points," said Sid Swaminathan, MD and CEO, Jio Blackrock Asset Management, in an exclusive interview with ET. "We know the market is going to grow, we want to help it grow and get a share of the new growth that is coming, rather than capture from existing incumbent players. It's the growth story we are here for," said Swaminathan, who spent close to two decades with BlackRock in various fund management capacities, before relocating to India, about a year fund house is keen to offer differentiated content, value-added products and grow the market rather than grab share from existing players, he said. One of the differentiators Jio BlackRock will bring is its proprietary tech platform Aladdin, which will help in cutting transaction costs. "That allows us some cost engineering which we will pass on to end customer which results in more competitive pricing," said Swaminathan. The industry is keeping a close watch to see if Jio BlackRock will undercut rivals in the ultra-competitive mutual fund Blackrock started operations in India this month with launch of three debt schemes that include overnight, liquid and money market funds that mopped up ₹17,800 crore in early July. There have been talks that Reliance has also invested in the NFO."I don't want to be disclosing those levels of numbers now. Point is they are a large institution. They invest in all MFs right now. We have had 90 different institutions invest, so the breadth we got is very large; it is well diversified to begin with and we continue to add more investors post the NFO," he is expected to soon launch another five index funds, including four equity and one fixed-income fund. While the fund house has started with index funds, it aims to offer the entire range of index and active funds, funds that are driven by data, exchange traded funds (ETFs), specialised investment funds (SIFs) and alternate investment funds (AIFs) over time. While the Indian mutual fund market offers both regular and direct plans, the fund house has started with only direct plans, bypassing mutual fund distributors who sell regular plans and earn a commission. 'There is a growing trend towards digital; people are comfortable doing finances on the phone; we are looking to harness that with a direct digital model and that looks like the right way to start. However, nothing is off the table and as the business grows we will evaluate and take a call,' Swaminathan said. The Indian mutual fund industry, one of the fastest growing globally, has seen assets under management expand threefold in the past five years—to Rs 74.41 lakh crore in June 2025 from Rs 25.5 lakh crore in June 2020. The industry is abuzz with speculation that Jio Blackrock will scale fast and could also look at acquisitions. 'It is too premature to look at acquisitions. We are just getting started. From a strategy perspective we want to be in a situation where we will look at the evolution of the market, how we grow, what we see changing and how we adapt with our funds and distribution. We don't want to rule anything out,' said Swaminathan. 'We want to be a significant player here in the long term, but on the path to that we will get a better idea once we spend more time in the market,' he added
Time of India
5 days ago
- Business
- Time of India
Jio BlackRock enters Indian MF market with focus on profitability and growth
Mumbai: Jio BlackRock Asset Management , one of the latest high-profile entrants into the Indian mutual fund industry , maybe following a slightly different playbook from group entity Jio's disruptive telecom foray. The 50:50 joint venture between Mukesh Ambani-backed Jio Financial Services and the world's largest asset manager BlackRock, may not be as aggressive on its pricing strategy to grab market share, unlike Jio's sharp discounting that helped it catapult into the big league in telecom. Profitability and capturing share from new growth in a market that has grown threefold in five years will be some of its mantras. Explore courses from Top Institutes in Please select course: Select a Course Category others Product Management Project Management MBA Cybersecurity Leadership Management Digital Marketing Healthcare PGDM Data Science CXO Degree Public Policy Others Data Science healthcare Artificial Intelligence MCA Finance Operations Management Design Thinking Data Analytics Technology Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details "It is not at all to just capture market share, and profitability will be important and pricing is one of the key points," said Sid Swaminathan, MD and CEO, Jio Blackrock Asset Management, in an exclusive interview with ET. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » "We know the market is going to grow, we want to help it grow and get a share of the new growth that is coming, rather than capture from existing incumbent players. It's the growth story we are here for," said Swaminathan, who spent close to two decades with BlackRock in various fund management capacities, before relocating to India, about a year ago. The fund house is keen to offer differentiated content, value-added products and grow the market rather than grab share from existing players, he said. One of the differentiators Jio BlackRock will bring is its proprietary tech platform Aladdin, which will help in cutting transaction costs. "That allows us some cost engineering which we will pass on to end customer which results in more competitive pricing," said Swaminathan. Live Events The industry is keeping a close watch to see if Jio BlackRock will undercut rivals in the ultra-competitive mutual fund industry. Jio Blackrock started operations in India this month with launch of three debt schemes that include overnight, liquid and money market funds that mopped up ₹17,800 crore in early July. There have been talks that Reliance has also invested in the NFO. "I don't want to be disclosing those levels of numbers now. Point is they are a large institution. They invest in all MFs right now. We have had 90 different institutions invest, so the breadth we got is very large; it is well diversified to begin with and we continue to add more investors post the NFO," he said. It is expected to soon launch another five index funds, including four equity and one fixed-income fund. While the fund house has started with index funds, it aims to offer the entire range of index and active funds, funds that are driven by data, exchange traded funds (ETFs), specialised investment funds (SIFs) and alternate investment funds (AIFs) over time. While the Indian mutual fund market offers both regular and direct plans, the fund house has started with only direct plans, bypassing mutual fund distributors who sell regular plans and earn a commission. 'There is a growing trend towards digital; people are comfortable doing finances on the phone; we are looking to harness that with a direct digital model and that looks like the right way to start. However, nothing is off the table and as the business grows we will evaluate and take a call,' Swaminathan said. The Indian mutual fund industry, one of the fastest growing globally, has seen assets under management expand threefold in the past five years—to Rs 74.41 lakh crore in June 2025 from Rs 25.5 lakh crore in June 2020. The industry is abuzz with speculation that Jio Blackrock will scale fast and could also look at acquisitions. 'It is too premature to look at acquisitions. We are just getting started. From a strategy perspective we want to be in a situation where we will look at the evolution of the market, how we grow, what we see changing and how we adapt with our funds and distribution. We don't want to rule anything out,' said Swaminathan. 'We want to be a significant player here in the long term, but on the path to that we will get a better idea once we spend more time in the market,' he added
India.com
18-07-2025
- 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)
Yahoo
17-07-2025
- Business
- Yahoo
BlackRock Hits Record $12.5 Trillion AUM as Crypto ETFs Explode
BlackRock (BLK, Financials) just hit a milestone: $12.5 trillion in assets under management the biggest in its history. And a surprising driver behind that growth? Crypto. Warning! GuruFocus has detected 9 Warning Sign with BLK. In the second quarter, investors poured $14 billion into BlackRock's crypto-related ETFs. That's more than 4x what they added in the first quarter and marks a 366% jump. These digital asset funds accounted for 16.5% of all ETF inflows at BlackRock up from less than 3% just one quarter ago. That momentum also showed up in revenue. Fees tied to digital assets rose to $40 million, up nearly 18% from Q1's $34 million. Chairman and CEO Larry Fink credited the firm's push into private markets, crypto, and data-driven strategies. He also highlighted new global partnerships like Jio BlackRock in India, which aims to bring ETF investing to a massive, untapped market. But not everything was up and to the right. One big institutional client pulled $52 billion from a low-cost index strategy, which knocked total inflows down to $68 billion for the quarter a 19% dip from Q1. Even with that, BlackRock still brought in $152 billion in net new money during the first half of 2025. Other numbers paint a strong picture. Revenue rose 13% year over year. Adjusted operating income climbed 12%. And while GAAP earnings dipped slightly, adjusted earnings per share rose 16% despite tax headwinds. Zooming out, the crypto ETF trend isn't just about BlackRock. According to CryptoQuant, U.S. spot crypto ETFs have already brought in more money this year than in all of 2024. More approvals could bring more flows and BlackRock is clearly ready for it. This article first appeared on GuruFocus. Sign in to access your portfolio
Entrepreneur
17-07-2025
- Business
- Entrepreneur
JioBlackRock Gets Sebi Nod for Four Mutual Fund Schemes
The approved offerings include the JioBlackRock Nifty 8–13 Yr G-Sec Index Fund, Nifty Smallcap 250 Index Fund, Nifty Next 50 Index Fund, and Nifty Midcap 150 Index Fund. Among these, three are equity-based index funds, while one is focused on government debt securities. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. JioBlackRock Asset Management, the joint venture between Jio Financial Services and global investment firm BlackRock, has received regulatory approval from the Securities and Exchange Board of India to launch four mutual fund schemes. The approved offerings include the JioBlackRock Nifty 8–13 Yr G-Sec Index Fund, Nifty Smallcap 250 Index Fund, Nifty Next 50 Index Fund, and Nifty Midcap 150 Index Fund. Among these, three are equity-based index funds, while one is focused on government debt securities. The company aims to tap into India's growing investor base with a digital-first approach that emphasises simplicity in fund offerings. This strategy aligns with models used by fintech firms like Zerodha, Groww, and Navi. With strong financial backing and access to a large user base, JioBlackRock is expected to bring increased competition to the market. Nithin Kamath, founder of Zerodha, responded positively to the entry of JioBlackRock, suggesting it could help broaden India's investor base. He also reiterated Zerodha's commitment to long-term profitability and customer-focused services, noting that financial strength alone does not create enduring advantages in stockbroking. Earlier this month, JioBlackRock completed its first new fund offer, raising INR 17,800 crore across three schemes. The offer attracted over 90 institutional investors and more than 67,000 retail investors in just three days. In addition to mutual funds, Jio Financial is expanding into wealth management and stockbroking. It recently established Jio BlackRock Broking Pvt Ltd, which is awaiting regulatory clearance to begin operations.
