Latest news with #JioBlackRockNiftyNext50IndexFund
Economic Times
13 hours ago
- Business
- Economic Times
Jio Financial to announce Q1 results today
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Jio Financial Services will be in focus on Thursday as the company will announce its Q1 earnings today along with three dozen other companies. The company will also make a presentation to analysts on financial results around 7.30 pm today following the meeting of its other important results that the Street will be keeping its eyes on will be Axis Bank Indian Hotels Company (IHCL), Polycab India Tata Communications and SW Financial Services had reported a marginal 2% growth in its consolidated net profit at Rs 316 crore in the fourth quarter of FY25, compared with Rs 311 crore in the same quarter of the last year. Revenue from operations during the reporting period rose 18% year-on-year (YoY) to Rs 493 crore. The same stood at Rs 418 crore in the previous year a sequential basis, revenue from operations rose 13%, while the profit after tax jumped 7% income during the fourth quarter fell marginally to Rs 276 crore in the January-March 2024 period, while the income from fee and commissions improved to Rs 39 Financial Services has been in news because of its mutual fund arm Jio BlackRock , a joint venture between billionaire Mukesh Ambani's Jio Financial Services and Wednesday, Jio BlackRock Mutual Fund received approval from the markets regulator, Sebi, for five index funds - JioBlackRock Nifty Midcap 150 Index Fund, JioBlackRock Nifty Next 50 Index Fund, JioBlackRock Nifty Smallcap 250 Index Fund, JioBlackRock Nifty 8-13 yr G-Sec Index Fund, and JioBlackRock Nifty 50 Index Fund. Out of these five funds, four are equity-oriented index funds, whereas one is a debt-oriented index Financial shares have been market laggards underperforming the headline Nifty index. The share price of Jio Fin has slipped over 7% in the past 12 months, though the counter has managed to remain positive on the year-to-date basis, delivering returns of nearly 5%. In both the time frames, Nifty returns stand at 2.4% and 6.2%, respectively.
Time of India
14 hours ago
- Business
- Time of India
Jio Financial to announce Q1 results today
Shares of Jio Financial Services will be in focus on Thursday as the company will announce its Q1 earnings today along with three dozen other companies. The company will also make a presentation to analysts on financial results around 7.30 pm today following the meeting of its Board. The other important results that the Street will be keeping its eyes on will be Axis Bank , Wipro , LTIMindtree , Indian Hotels Company (IHCL), Polycab India , Tata Communications and SW Solar. Explore courses from Top Institutes in Select a Course Category Data Analytics Management Operations Management Degree others Others Product Management Artificial Intelligence CXO PGDM Data Science Technology Finance Cybersecurity MBA healthcare Digital Marketing Data Science Project Management Healthcare Public Policy Leadership Design Thinking MCA Skills you'll gain: Data Analysis & Visualization Predictive Analytics & Machine Learning Business Intelligence & Data-Driven Decision Making Analytics Strategy & Implementation Duration: 12 Weeks Indian School of Business Applied Business Analytics Starts on Jun 13, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Also Read: Wipro Q1 Preview: PAT may rise 5-12% YoY; topline likely to remain muted. Key metrics to track Jio Financial Services had reported a marginal 2% growth in its consolidated net profit at Rs 316 crore in the fourth quarter of FY25, compared with Rs 311 crore in the same quarter of the last year. Revenue from operations during the reporting period rose 18% year-on-year (YoY) to Rs 493 crore. The same stood at Rs 418 crore in the previous year period. On a sequential basis, revenue from operations rose 13%, while the profit after tax jumped 7% quarter-on-quarter. Live Events Interest income during the fourth quarter fell marginally to Rs 276 crore in the January-March 2024 period, while the income from fee and commissions improved to Rs 39 crore. Jio Financial Services has been in news because of its mutual fund arm Jio BlackRock , a joint venture between billionaire Mukesh Ambani's Jio Financial Services and BlackRock. On Wednesday, Jio BlackRock Mutual Fund received approval from the markets regulator, Sebi, for five index funds - JioBlackRock Nifty Midcap 150 Index Fund, JioBlackRock Nifty Next 50 Index Fund, JioBlackRock Nifty Smallcap 250 Index Fund, JioBlackRock Nifty 8-13 yr G-Sec Index Fund, and JioBlackRock Nifty 50 Index Fund. Out of these five funds, four are equity-oriented index funds, whereas one is a debt-oriented index fund. Jio Financial shares have been market laggards underperforming the headline Nifty index. The share price of Jio Fin has slipped over 7% in the past 12 months, though the counter has managed to remain positive on the year-to-date basis, delivering returns of nearly 5%. In both the time frames, Nifty returns stand at 2.4% and 6.2%, respectively. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Mint
a day ago
- Business
- Mint
Jio Blackrock gets Sebi nod to launch four passive funds. Details here
Reliance Industries' subsidiary Jio, in partnership with global asset manager BlackRock, has secured approval from the Securities and Exchange Board of India (SEBI) to launch passive index mutual fund schemes. This approval enables both companies to broaden their presence in India's expanding mutual fund sector by providing investors with cost-effective, index-based investment options. The mutual fund has been authorized by SEBI to introduce four index funds: the JioBlackRock Nifty Midcap 150 Index Fund, JioBlackRock Nifty Next 50 Index Fund, JioBlackRock Nifty Smallcap 250 Index Fund, and JioBlackRock Nifty 8-13 year G-Sec Index Fund. Among these, three funds will focus on equity indices, while one fund will track a debt-oriented government securities index. Passive index funds aim to replicate the returns of specified market indices, serving as an economical alternative to actively managed schemes. Given the growing investor interest in passive investment products both globally and within India, SEBI's clearance is expected to enhance competition among asset management firms. Jio's move into the mutual fund industry represents a strategic diversification beyond its established operations in telecom, digital services, and retail. At the same time, BlackRock, recognized as one of the world's leading asset managers, is steadily increasing its footprint in the Indian financial market through partnerships and new fund offerings.
Time of India
a day 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...
