Jio BlackRock To Launch 8 New Mix Debt And Equity Funds, Seeks SEBI's Nod: Report
Jio BlackRock Mutual Fund plans to launch 8 new funds, seeking approval. Their first three debt-oriented NFOs raised Rs 17,800 crore, aiming to widen the retail investor base.
Jio BlackRock Mutual Fund: Jio BlackRock Mutual Fund is looking to launch 8 new funds after a successful debut. According to a Reuters report, the mutual fund JV is seeking the market regulator's permission for these 8 new NFOs. Most of these NFOs will allow investment as low as Rs 500, aimed at widening the retail investor base.
The Reuters report underlines that Jio BlackRock Asset Management plans to introduce nearly a dozen equity and debt funds in India by the year-end, focusing on small-ticket investments.
The first three NFOs of Jio BlackRock Asset Management were debt-oriented. The AMC successfully raised Rs 17,800 crore through these three MF schemes. Since acquiring the licence in May, the AMC launched three open-ended debt schemes – Jio BlackRock Liquid Fund, Jio BlackRock Money Market Fund, and Jio BlackRock Overnight Fund.
The venture is a collaboration between Jio Financial Services, a subsidiary of Mukesh Ambani's Reliance Industries Ltd, and the US-based investment firm BlackRock.
These three abovementioned funds opened for subscription from June 30 and be remained available until July 2. They had the minimum investment requirement of Rs 500. A Debt MF is a kind of mutual fund that invests money in fixed-instruments like government bonds, corporate bonds, T-bills, commercial papers, and certificates of deposits.
The initial offer, lasting three days and concluding on July 2, 2025, garnered attention from over 90 institutional investors and more than 67,000 retail investors, according to Jio BlackRock's statement.
Sid Swaminathan, Managing Director and CEO of JioBlackRock Asset Management, expressed his appreciation: 'The overwhelming response to our first NFO from institutional and retail investors is a strong endorsement of Jio BlackRock Asset Management's innovative investment philosophy, risk management capabilities, and digital-first approach. This is a significant start to our mission of transforming India's investment landscape and catering to a wide range of investors.
view comments
First Published:
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
31 minutes ago
- Time of India
Space and defense firm Firefly's US IPO filing reveals 2024 revenue growth
By Prakhar Srivastava AE Industrial Partners-backed space and defense technology company Firefly Aerospace on Friday disclosed a 10% rise in 2024 revenue in its filing for an initial public offering in the United States. Firefly revealed a revenue of $60.8 million in 2024, compared to $55.2 million the previous year. The U.S. IPO market is witnessing renewed interest and vigor, especially for space listings, as investors return after months of sluggish activity earlier this year triggered by policy shifts and tariff uncertainty under President Donald Trump. "There is a 'window of opportunity' in space-related IPOs," said IPOX CEO Josef Schuster, adding that there was strong investor appetite for space-related offerings. "This is driven by enthusiasm about the growth prospects of the sector." Space firms Voyager Technologies and Karman Holdings received warm welcomes when they debuted listings earlier this year. Texas-based Firefly designs and manufactures small and medium lift launch vehicles, lunar landers and orbital transfer vehicles. It scored its first Moon landing in March with the Blue Ghost spacecraft, joining a handful of private companies competing to reach the frontlines in a global lunar race. Firefly secured a valuation of $2 billion in a November 2024 funding round. It intends to list on the Nasdaq under the symbol "FLY". Goldman Sachs, JPMorgan, Jefferies and Wells Fargo are the lead underwriters for the offering.
Hindustan Times
31 minutes ago
- Hindustan Times
Mercedes-Benz GLS AMG Line launched at ₹1.4 crore
₹1.4 crore data-item-target-url=/auto/cars/ data-item-story-segment=Luxury> Santosh Iyer, Managing Director & CEO, Mercedes-Benz India, with the new GLS AMG Line. Check Offers Mercedes-Benz has officially launched the new GLS 4MATIC AMG Line in India, adding a bold and dynamic dimension to its flagship luxury SUV lineup. Building on the success of the GLS, which has already crossed 16,000 units on Indian roads, the AMG Line brings in a performance-inspired aesthetic along with refined luxury and enhanced sporty attributes. The GLS AMG Line is priced at Rs. 1.4 cr (GLS 450 AMG Line) and Rs. 1.43 cr (GLS 450d AMG Line). Distinctive AMG Design Elements The GLS 4MATIC AMG Line takes styling cues from the iconic G-Class and Mercedes-AMG models, showcasing a more aggressive road presence. The exterior is defined by its AMG-specific design including the AMG front apron, muscular air inlets, extended front and rear wing flares, and sporty side sill panels — all finished in the body color. At the rear, it features a diffuser-style AMG bumper with chrome detailing and integrated black design accents, giving it a powerful stance. On the sides, there are 21-inch alloy wheels on offer now that look sporty. Sporty and Luxurious Cabin Inside the cabin, the AMG inspiration continues with multifunction sports steering wheel wrapped in Nappa leather, featuring silver chrome trim and a flattened bottom section for a more dynamic grip. Touch control panels and gearshift paddles provide both functionality and sportiness. The AMG sports pedals made of brushed stainless steel with rubber studs and specially designed AMG-branded floor mats elevate the sporty feel. Also Read : Mercedes CLA sees strong demand as production scales for EV and petrol models AMG Night Package and Alloy Wheels The GLS AMG Line comes equipped with the AMG Night Package, further enhancing its exterior with bold blacked-out elements. These include black mirror housings, matte black roof rails, dark chrome slats on the radiator grille, and high-gloss black detailing across the body. Completing the look are 21-inch AMG light-alloy wheels, which add to its commanding presence. Performance and Technical Specifications Mercedes-Benz is offering the GLS AMG Line in two variants — GLS 450 AMG Line and GLS 450d AMG Line. Both models are powered by inline 6-cylinder engines mated to a 9G-TRONIC automatic transmission. While the petrol-powered GLS 450 delivers 375 bhp of power and 500 Nm of torque, the diesel-powered GLS 450d generates 362 bhp and a substantial 750 Nm of torque. Both variants can sprint from 0-100 km/h in just 6.1 seconds, with an electronically limited top speed of 250 km/h. Check out Upcoming Cars in India 2025, Best SUVs in India. First Published Date: 12 Jul 2025, 06:55 am IST
Time of India
34 minutes ago
- Time of India
Goa govt approves infra projects worth Rs 149 cr
The Goa State Infrastructure Development Corporation (GSIDC) has approved infrastructure projects worth Rs 149 crore, including a hostel at medical college, reconstruction of a bridge and redevelopment of government buildings. Chief Minister Pramod Sawant chaired the 206th board meeting of the GSIDC on Friday. Several important infrastructure projects aimed at public convenience, urban rejuvenation, and institutional development were approved during the meeting, said a state government spokesperson. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Want to know more? click here Undo The projects include a new boys' hostel at the Goa Medical College in Bambolim for an estimated cost of Rs 113 crore and the demolition and reconstruction of a bridge at St Estevam village in North Goa at a cost of Rs 21 crore. — DrPramodPSawant (@DrPramodPSawant) Live Events The GSIDC also approved the development of the old bus stand at Margao in South Goa at an estimated cost of Rs 12 crore, upgradation of the municipal market at Sankhalim and redevelopment of old government buildings in Margao. The chief minister addressing the Board said these projects were part of the state government's commitment to upgrading civic infrastructure, improving public utility spaces, and building modern, accessible facilities for people. He emphasised that the GSIDC continues to play a pivotal role in shaping Goa's infrastructure with quality and speed and that the government is committed to delivering timely and efficient public infrastructure for Viksit Goa 2037.
