Latest news with #JioBlackRockNiftySmallcap250IndexFund
India.com
2 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)
Economic Times
3 days 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.
Mint
4 days 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
4 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...
