Jio Financial share price snaps 3-day losing run, gains as Jio Blackrock raises ₹17,800 crore via maiden NFO
Jio BlackRock recorded a total investment of ₹ 17,800 crore in its maiden NFO across three cash and debt mutual fund schemes – JioBlackRock Overnight Fund, JioBlackRock Liquid Fund and JioBlackRock Money Market Fund.
The three-day NFO, which was launched on June 30, 2025, and closed on July 2, 2025, attracted interest from over 90 institutional investors. The cash/debt mutual fund schemes also recorded an overwhelming response from retail investors, with over 67,000 individuals investing in these funds during the offer period.
The NFO was one of 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 houses, the company said in a release.
These first funds offered by JioBlackRock Asset Management provide a broad range of investors choice to manage different elements of cash and short-term allocations, and put cash to work for meeting differing liquidity, risk and return objectives, the company added.
"Short-duration debt and money market mutual funds are a solution for investors looking to get yield by holding lower-volatility and short-term funds, without locking into a long-term commitment and providing clients with the flexibility to meet their liquidity needs. They serve as tools for investment portfolio builders, corporate treasuries and retail investors alike," Jio Blackrock said.
Against the backdrop of strong demand for Jio Blackrock funds, Jio Financial share price rallied in trade today, snapping its three-day losing run.
Jio Financial share price opened at ₹ 324.60, slightly lower than its last closing price of ₹ 325 on the BSE. However, it soon rebounded to touch the day's high of ₹ 329.65 apiece, an upside of 1.4%.
The large-cap stock, part of Mukesh Ambani's Reliance group, having a market capitalisation of ₹ 2 lakh crore, has rallied 54% in the past three months. However, the stock is down 7% for the year.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
2 hours ago
- Mint
Nuvama sees 40% upside in THIS multibagger stock. Should you buy?
Multibagger stock: Brokerage firm Nuvama has initiated coverage on AGI Infra with a 'buy' recommendation due to ongoing and upcoming projects, anticipated high cash flows, and increasing demand for residential property. Shares of the construction company closed 1.29 per cent higher at ₹ 1,066.9 on the BSE index after Friday's stock market session, compared to ₹ 1.053.35 at the previous market close. 'We initiate coverage with a 'BUY' rating and a TP of INR1,448, valuing the stock at 1x FY26E NAV. AGI Infra (AGIIL) is among the few reputed real estate players in Punjab, with a dominant presence in Jalandhar, aided by a strong track record of well-received, high-quality projects,' Nuvama said. Operating in a market with limited branded competition, it has built a presence and is expanding into high-demand markets throughout Punjab. With a solid project pipeline and a large, well-situated land bank, it is estimated to benefit from Punjab's rising housing demand, according to the brokerage firm. Nuvama further expects that the ongoing and upcoming residential projects will generate a gross cash flow of ₹ 8,282 crore and a net cash flow of ₹ 2,060 crore. It has been recommended to buy with a target price of ₹ 1,448, an upside of 36%. AGIIL is a Punjab-based real estate developer with presence in cities such as Jalandhar, Ludhiana, Chandigarh, and Mohali. It has delivered over 10 projects. Primarily focused on residential real estate, it is also engaged in the commercial sector. Currently, it has 10 ongoing projects with a total saleable area of 11.32 million square feet, of which 4.98 million square feet remains available for sale. For the financial year ended on March 31, 2025, the company reported a net profit of ₹ 67 crore, compared to ₹ 52 crore posted in the previous year. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Economic Times
3 hours ago
- Economic Times
Reliance Infra, Reliance Power shares slide 10% in 2 days after ED raids sites linked to Anil Ambani
Shares of Reliance Infrastructure and Reliance Power plummeted after Enforcement Directorate (ED) raided Anil Ambani's premises concerning a Rs 3,000 crore Yes Bank loan fraud. The ED's investigation revealed irregularities in loan approvals and potential bribery. Both Reliance Infrastructure and Reliance Power deny involvement, stating the probe relates to separate entities with no impact on their operations. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Sebi flags Reliance Home Finance Both companies respond to ED action Shares of Reliance Infrastructure and Reliance Power have dropped 10% over two sessions, hitting their lower circuits of 5% on Friday after the Enforcement Directorate (ED) raided multiple premises linked to Anil Ambani in a Rs 3,000 crore Yes Bank loan fraud probe. Reliance Power fell 5% to Rs 56.72 on the BSE, while Reliance Infrastructure slid 5% to Rs ED on Thursday carried out searches at 40 to 50 premises connected to Ambani as part of its investigation into suspected money laundering related to loans sanctioned by Yes Bank between 2017 and 2019. According to the agency, these loans, worth around Rs 3,000 crore, were allegedly diverted to shell companies and other group searches, conducted under Section 17 of the Prevention of Money Laundering Act (PMLA), follow two FIRs registered by the Central Bureau of Investigation (CBI) and are based on information provided by the Securities and Exchange Board of India (SEBI), the National Housing Bank, Bank of Baroda , and the National Financial Reporting Authority (NFRA).The ED said its preliminary findings indicate significant irregularities in Yes Bank's credit approval process, including 'back-dated documentation, disbursement of loans on or before approval dates, and absence of due diligence.' Loans were allegedly sanctioned to entities with weak financials and overlapping directorships, raising concerns over possible evergreening of accounts and violations of lending agency also reported signs of possible bribery involving Yes Bank officials, including the bank's promoter, in connection with the scope of the ED's investigation extends to more than 50 companies and 25 individuals. Sebi has separately flagged findings related to Reliance Home Finance Ltd (RHFL), noting that the company's corporate loan book 'more than doubled within a year,' raising concerns over internal control failures and potential regulatory raids and the ongoing probe have weighed on investor sentiment towards Anil Ambani-led group firms, sparking a sell-off in both Reliance Infra and Reliance Power shares Reliance Infrastructure and Reliance Power, in separate exchange filings, denied any involvement in the transactions under investigation and said the enforcement action 'has no operational or financial impact' on their companies noted that the reports 'appear to pertain to allegations concerning transactions of Reliance Communications Limited (RCOM) or Reliance Home Finance Limited (RHFL) which are over 10 years old,' adding that both firms are 'separate and independent listed entities with no business or financial linkage to RCOM or RHFL.'They further emphasized that Anil Ambani is not on their board and that any action against RCOM or RHFL 'has no bearing or impact on the governance, management, or operations of Reliance Power.'Reliance Infrastructure added that the ED's actions 'have absolutely no impact on the business operations, financial performance, shareholders, employees, or any other stakeholders of Reliance Infrastructure.': Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
India.com
5 hours ago
- India.com
Months after Ratan Tata's death, Tata Group makes big move, acquires 117-year-old company for Rs 24000000000; big worry for Mukesh Ambani due to...
(File) In a major move to further strengthen its grip on the luxury jewelry sector, Titan, the watchmaking and fashion products arm of the Titan Group, has acquired a controlling stake in Dubai-based jewellery brand Damas LLC (UAE). According to the details, Titan Holdings International FZCO has acquired a 67% stake in the 117-year-old brand from Mannai Corporation QPSC. How much Titan paid for the company? As per reports, Tata Group-owned Titan acquired Damas Jewellery for 1,038 million dirhams (about Rs 2,357.25 crore), one of the reasons behind the high-priced deal being the global popularity of the Dubai-based brand. Founded in 1907, Damas Jewellery, is a highly-popular jewelry brand in Middle Eastern countries like Saudi Arabia, Qatar, Oman, Kuwait and Bahrain. The brand has 146 stores across the Middle East, and is known for its high-quality gems and jewelry, as well as impeccable craftsmanship. Why Tata Group's deal is a concern for Mukesh Ambani-led Reliance? The Tata Group's landmark deal is expected to bolster its already popular designer jewelry brand Tanishq, which is already launched in several countries outside India, including Middle East and the United States. Titan is looking to build upon the success of Tanishq, and acquire a major share in the global jewellery market, and the Damas acquisition is giant step in that direction. Additionally, the deal could potentially catapult Titan far ahead of its competitors in India, including Mukesh Ambani-owned Reliance Gold, Malabar Gold and Kalyan Jewelers,
