Latest news with #JioFinance
Business Upturn
2 days ago
- Business
- Business Upturn
Jio Financial Services accelerates into a full-stack digital finance powerhouse: 50x NBFC AUM growth, Rs 17,800 crore AMC debut, and 50,000+ financial touchpoints
Jio Financial Services Limited (JFSL) kicked off FY26 on a strong note, delivering robust growth and expanding its footprint across India's financial services landscape. For Q1 FY26, the company reported total income of ₹619 crore, up 48% YoY, with net profit at ₹325 crore, rising 4% YoY. Notably, net income from business (core operating earnings) grew nearly 4x YoY to ₹219 crore, contributing about 40% of total net income. Key Highlights: NBFC (Jio Credit Limited) AUM soared 50x YoY , reaching ₹11,665 crore from just ₹217 crore in Q1 FY25. Jio BlackRock AMC debuted with an NFO that attracted over ₹17,800 crore, placing it among India's top 15 fund houses by debt AUM. The JioFinance app recorded 8.1 million average monthly active users , serving as a unified digital storefront for loans, investments, payments, and insurance. Jio Payments Bank expanded its business correspondent network 2.5x QoQ to more than 50,000 touchpoints , enabling deeper financial access nationwide. Beauty distribution, wealth management, and securities broking businesses under the Jio BlackRock JV also secured regulatory approvals and began building teams. JFSL acquired SBI's 14.96% stake in Jio Payments Bank during the quarter, making it a wholly-owned subsidiary. The company highlighted its technology-first approach, leveraging AI and data analytics to create a single customer view and personalize offerings at scale through the JioFinance app. Hitesh Sethia, MD & CEO, said: 'Our results reflect the measured and evolving nature of our growth curve, balancing investments in early-stage businesses with profitability in mature ones. With our tech-driven platform and strategic foresight, we aim to democratize financial access for every Indian household.' JFSL's Q1 marks a significant step in building a future-ready, cloud-first delivery model, poised to transform financial inclusion at scale. 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
08-07-2025
- Business
- Time of India
Top stocks to buy today: Stock market recommendations for July 8, 2025
Top stocks to buy today (AI image) Stock market recommendations: According to Somil Mehta, Head - Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Jio Finance, and Varun Beverages Limited (VBL) are the top stocks to buy today: Jio Finance – Buy in the range between Rs 326 & Rs 330; Stop Loss: Rs 319; Target Rs 345 Jio Finance has formed a flag pattern and is expected to break out on the upside. Momentum indicators have also given a positive crossover above the zero line. The stock has been consolidating in a broad range since last week and has closed above 10 daily moving average i.e. 320, resuming the uptrend today. The stock is expected to continue the uptrend till the previous swing high i.e. 345. Key resistance is 332 & 345 and support is at 323 and 319. VBL – Buy in the range between Rs 462 & Rs 466; Stop Loss: Rs 449; Target: Rs 493 Varun Beverages Limited has broken out of an Ending Diagonal pattern and has resumed the uptrend. The stock has been consolidating since last month and has taken support at the lower end of the Bollinger band i.e. 445. Momentum indicator has given positive crossover below the zero line. The stock is expected to continue the uptrend till the previous swing high i.e. 493. Key resistance is at 475 & 493 and support is at 458 and 449. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Economic Times
07-07-2025
- Business
- Economic Times
Jio BlackRock NFOs draw 67,000 retail investors, 90+ institutions
Synopsis JioBlackRock Mutual Fund's debut NFOs saw robust investor participation, with over 67,000 retail investors and more than 90 institutional investors subscribing. The fund house raised Rs 17,800 crore across three schemes, reflecting strong confidence in its digital-first, data-driven investment approach. The company aims to simplify access via the JioFinance and MyJio apps, signaling a tech-led investing shift. JioBlackRock Mutual Fund: JioBlackRock's debut NFOs raise Rs 17,800 crore from 67,000 retail and 90+ institutional investors. JioBlackRock Mutual Fund, which launched three new fund offers (NFOs), received an overwhelming response from retail investors, with over 67,000 individuals investing during the offer period. The fund also attracted investments from more than 90 institutional to the fund house, the participation from over 90 institutions reflects confidence in JioBlackRock Asset Management's value proposition, which combines data-driven investing with a digital-first approach. Also Read | Mutual fund SIP guide: How to invest for the rest of 2025 JioBlackRock Mutual Fund announced that it has received total investments of Rs 17,800 crore (USD 2.1 billion) across three cash/debt mutual fund schemes — the JioBlackRock Overnight Fund, JioBlackRock Liquid Fund, and JioBlackRock Money Market new fund offer (NFO) for these three schemes was open from June 30 to July 2. 'The overwhelming response to our first NFO from institutional and retail investors is a powerful endorsement of JioBlackRock Asset Management's innovative investment philosophy, risk management capabilities, and digital-first approach. This is a strong start to our journey towards becoming a transformative force in India's evolving investment landscape, catering to all types of investors,' said Sid Swaminathan, Managing Director and CEO, JioBlackRock Asset NFOs launched by the fund house were among the largest in India's cash/debt fund segment, placing JioBlackRock Asset Management among the top 15 asset management companies by Debt Assets Under Management in the country, out of 47 fund initial offerings provide a broad range of investors with options to manage various elements of cash and short-term allocations, helping them put idle funds to work while meeting different liquidity, risk, and return objectives. Short-duration debt and money market mutual funds offer a solution for investors seeking yield through lower-volatility, short-term instruments—without locking into long-term commitments. They provide flexibility to meet liquidity needs and are useful tools for portfolio builders, corporate treasuries, and retail investors alike, the fund house noted. JioBlackRock Asset Management has also announced an Account Creation Initiative aimed at enabling retail investors to benefit from its systematic investment approach and participate in upcoming fund offerings. Also Read | Mazagon Dock and Radico Khaitan among 19 stocks which are upgraded in H2 CY25 Designed to simplify onboarding, the initiative allows customers to create investment-ready accounts within minutes through the JioFinance app. All a customer needs to do is download and/or open the JioFinance app, tap the 'Invest' tab at the bottom of the homepage, and begin the account creation and investment week, the fund house announced the launch of mutual fund access on the MyJio app via its social media platforms, calling it a new era of social platform X, the fund house posted: 'A new era of investing has begun on the MyJio app.'
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Business Standard
07-07-2025
- Business
- Business Standard
JioBlackRock raises ₹17,800 cr in debut NFO, enters India's top 15
JioBlackRock Asset Management Private Limited has made its debut in India's asset management space, raising over ₹17,800 crore ($2.1 billion) in its maiden New Fund Offer (NFO) held from June 30 to July 2, 2025. The strong reception has placed the joint venture, formed by Jio Financial Services Ltd (JFSL) and global asset manager BlackRock, among India's top 15 fund houses by debt assets under management (AUM), in a market with 47 players. Three short-duration funds lead offering BlackRock launched three cash/debt mutual fund schemes: JioBlackRock Overnight Fund JioBlackRock Liquid Fund JioBlackRock Money Market Fund These products focus on short-duration debt instruments, offering low-volatility, high-liquidity options suited for both institutional treasuries and retail investors seeking flexible cash management tools. The offering drew participation from more than 90 institutional investors and over 67,000 individual investors. 'The overwhelming response to our first NFO is a powerful endorsement of JioBlackRock's innovative investment philosophy, risk management capabilities and digital-first approach,' Managing Director and CEO Sid Swaminathan said in a press release. 'This is a strong start to our journey to becoming a transformative force in India's evolving investment landscape'. Account Creation Initiative on JioFinance app To encourage broader retail participation, JioBlackRock has launched an Account Creation Initiative via the JioFinance app. This feature allows investors to set up investment-ready accounts and to digitally access current and future fund offerings. With this launch, BlackRock aims to deliver cost-effective and inclusive investment solutions, tailored to Indian investor needs, the firm said.
Economic Times
26-06-2025
- Business
- Economic Times
Jio Financial Services shares rise 3% after Rs 190 crore infusion into Payments Bank arm
Shares of Jio Financial Services rise 3% to Rs 312.2 in Thursday's intraday trade on the BSE after the company announced a capital infusion of Rs 190 crore into its payments bank subsidiary. ADVERTISEMENT In a regulatory filing on Wednesday, Jio Financial Services Ltd (JFSL) said it had been allotted 19 crore equity shares of Rs 10 each in Jio Payments Bank Ltd, its wholly owned subsidiary, for cash at par. JFSL clarified that the transaction is a related-party deal conducted on an arm's length basis, with no involvement or interest from the company's promoters or group entities. Also Read: Jio Financial surges over 50% from March lows: Will the momentum sustain? Last week, JFSL also acquired State Bank of India's entire 17.8% stake in Jio Payments Bank for Rs 104.54 crore, consolidating full ownership of the subsidiary. Also Read: HDB Financial Services IPO: Should you subscribe? Here's what brokerages say ADVERTISEMENT Jio Finance Q4 earnings Jio Financial Services reported a 2% year-on-year (YoY) increase in consolidated net profit to Rs 316 crore for the fourth quarter of FY25, up from Rs 311 crore in the same period last year. ADVERTISEMENT Revenue from operations rose 18% YoY to Rs 493 crore, compared to Rs 418 crore a year ago. On a sequential basis, revenue grew 13%, while profit after tax increased 7%.Interest income for the January–March 2025 quarter declined slightly to Rs 276 crore, while fee and commission income rose to Rs 39 crore. ADVERTISEMENT In the lending and leasing segment, the company's assets under management (AUM) surged to Rs 10,053 crore, a sharp rise from just Rs 173 crore a year earlier. Also Read: These 10 multibagger penny stocks surged 200-570% in last 1 year. Do you own any? ADVERTISEMENT Jio Finance share price targetAccording to Trendlyne, the average target price for Jio Financial Services is Rs 272, indicating a downside of around 12% from current levels. Of the two analysts tracking the stock, the consensus rating is 'Hold'.Technically, the stock's Relative Strength Index (RSI) stands at 65.5, nearing overbought territory. It is trading above its 20-day, 50-day, 100-day, and 200-day simple moving averages, suggesting strong underlying momentum. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
