Latest news with #JioBlackRockMutualFund
Time of India
16 hours ago
- Business
- Time of India
JioBlackRock gears up for third debt launch, files draft document of overnight fund with Sebi
JioBlackRock Mutual Fund has filed a draft document with Sebi for its third debt fund - an overnight fund. JioBlackRock Overnight Fund will be an open ended debt scheme investing in overnight securities with a relatively low interest rate risk and relatively low credit risk. The investment objective of the Scheme is to generate regular income through investment in a portfolio comprising debt and money market instruments with overnight maturity. 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 If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo Also Read | JioBlackRock Asset Management receives SEBI approval to commence mutual funds business The scheme will be benchmarked against NIFTY 1D Rate Index and will be managed by Arun Ramachandran, Vikrant Mehta, and Siddharth Deb. The scheme will offer only direct plans and the plan shall offer only growth options. Live Events The minimum application amount for lumpsum investment will be Rs 500 and any amount thereafter. The minimum amount for switch-in to the scheme will be Rs 500 and any amount thereafter. The minimum amount for Systematic Investment Plan (SIP) will be Rs 500 and in multiples of Re 1 thereafter. The scheme will invest 0-100% in overnight securities or debt and money market instruments maturing on or before next business day. The investment objective of the scheme is to generate returns by investing in debt and money market instruments with overnight maturity. The total assets of the scheme will be invested in debt securities and money market instruments maturing on or before next business day. The scheme will be suitable for investors who are seeking regular income over a short term that may be in line with overnight call rates and want investment in debt and money market instruments with overnight maturity. Also Read | JioBlackRock Mutual Fund files draft documents with Sebi to launch its first 2 debt schemes Two days before the fund house filed draft documents with Sebi for a money market fund and liquid fund. Last month, the fund house shared the news that it has received Sebi's approval to commence mutual fund business. Earlier this week, the fund house announced the appointment of its executive leadership team and the launch of its website along with an exclusive early access initiative
Time of India
2 days ago
- Business
- Time of India
JioBlackRock Mutual Fund files draft documents with Sebi to launch its first 2 debt schemes
JioBlackRock Mutual Fund has filed draft documents with SEBI for two debt funds — a liquid fund and a money market fund. JioBlackRock Liquid Fund JioBlackRock Liquid Fund will be an open-ended liquid scheme with relatively low interest rate risk and relatively low credit risk. The scheme will be benchmarked against the Nifty Liquid Index A-I. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » The investment objective of the scheme is to generate regular income through investment in a portfolio comprising money market and debt instruments with residual maturity of up to 91 days. It is suitable for investors seeking regular income over a short-term investment horizon and aiming to generate returns by investing in money market and debt instruments with a maturity of up to 91 days. Live Events The scheme will offer only a direct plan, and the plan shall offer only a growth option. The minimum application amount for lumpsum investment will be Rs 500 and any amount thereafter. The minimum amount for switch-in to the scheme will be Rs 500, and any amount thereafter. The minimum amount for a Systematic Investment Plan (SIP) will be Rs 500 and in multiples of Re 1 thereafter. The scheme will allocate 0–100% in debt instruments and money market instruments with residual maturity up to 91 days and will be managed by Arun Ramachandran, Vikrant Mehta, and Siddharth Deb. JioBlackRock Money Market Fund JioBlackRock Money Market Fund will be an open-ended debt scheme, investing in money market instruments, with relatively low interest rate risk and moderate credit risk. The investment objective of the scheme is to generate regular income by investing in a portfolio of money market instruments with a residual maturity of up to one year. The scheme will be benchmarked against the Nifty Money Market Index A-I. The minimum application amount for lump sum investments will be Rs 500 and any amount thereafter. The minimum amount for switch-in transactions will also be Rs 500 and any amount thereafter. For Systematic Investment Plans (SIPs), the minimum contribution will be Rs 500 and in multiples of Re 1 thereafter. The scheme will allocate 0–100% of its assets to money market instruments with a residual maturity of up to one year. It will be jointly managed by Vikrant Mehta, Arun Ramachandran, and Siddharth Deb. This scheme is suitable for investors seeking regular income over a short-term horizon and looking to invest in low-risk money market instruments. Also Read | JioBlackRock Mutual Fund launches website, unveils leadership team and early access initiative Last month, the fund house announced that it had received Sebi's approval to commence its mutual fund business. Earlier this week, it revealed the appointment of its executive leadership team and launched its website, along with an exclusive early access initiative.
Time of India
2 days ago
- Business
- Time of India
Jio BlackRock MF files with Sebi to launch two debt funds
Jio BlackRock Mutual Fund (MF), which on May 26 received the nod from the markets regulator Sebi to start operation, filed with the regulator to launch two debt schemes—liquid and money market funds—to kickstart its fund management business. On Wednesday, the Jio BlackRock joint venture also got regulator nods to start its investment advisory business in India, the company said in a statement. Jio BlackRock Liquid Fund is an open-ended liquid scheme that carries a relatively low interest rate risk and relatively low credit risk, the fund house said in its draft offer document filed with Sebi. The fund house's other scheme is a money market fund, which is an open-ended debt scheme investing in money market instruments. The scheme carries a relatively low interest rate risk and moderate credit risk, it said. On Wednesday, Jio BlackRock Investment Advisers said it received approvals from Sebi and BSE 'to commence operations as a registered investment adviser in India.' The JV is aiming to offer digital-first, personalised investment advisory solutions that will combine BlackRock's global expertise and tech with Jio Finance's local market knowledge and digital reach. The company also appointed Marc Pilgrem, a seasoned global financial services leader with over 25 years of experience at BlackRock, as its MD & CEO. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Business Standard
27-05-2025
- Business
- Business Standard
Jio Financial ends higher after SEBI grants registration certificate to Jio BlackRock Mutual Fund
Jio Financial Services advanced 3.46% to end at Rs 291.50 after the company informed that the Securities and Exchange Board of India (SEBI) has a certificate of registration to Jio BlackRock Mutual Fund. The market regulator has also granted approval to Jio BlackRock Asset Management to act as the asset management company for Jio BlackRock Mutual Fund. In July 2023, Jio Financial Services and BlackRock had agreed to form a joint venture to enter Indias asset management industry. SEBI had granted the said entities an in-principle approval to act as co-sponsors and set up the proposed mutual fund in October 2024. In the same month, Jio Financial had announced the incorporation of two companies Jio BlackRock Asset Management and Jio BlackRock Trustee to carry on the primary business of mutual fund, subject to regulatory approvals. Jio Financial Services (JFSL) is a core investment company (CIC), registered with the Reserve Bank of India. JFSL is a new-age institution, which operates a full-stack financial services business through customer-facing entities, including Jio Finance, Jio Insurance Broking, Jio Payment Solutions, Jio Leasing Services, Jio Finance Platform and Service, and Jio Payments Bank. The company had reported 1.8% increase in consolidated net profit to Rs 316.11 crore on 18% jump in revenue from operations to Rs 493.24 crore in Q4 FY25 over Q4 FY24.
