Latest news with #JioBlackRockOvernightFund
Time of India
08-07-2025
- Business
- Time of India
JioBlackRock Mutual Fund seeks Sebi nod to launch 8 new funds: Report
JioBlackRock Mutual Fund has applied to the Securities and Exchange Board of India ( Sebi ) to launch eight new schemes, according to a Reuters report. This follows the launch of its first three funds. The upcoming funds will offer investment options starting at just Rs 500, targeting wider retail participation. 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 and bypassing distributors to reduce costs, the report further said. Also Read | Jio BlackRock raises more than Rs 17,800 crore through debut new fund offer Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » The report also stated that JioBlackRock plans to bypass the traditional distributor network by offering its funds directly to both institutional and retail investors. This approach is expected to lower the fees or expense ratios typically associated with mutual fund investments. The fund house on Monday announced the successful closure of its maiden New Fund Offer (NFO), receiving a total investment of Rs 17,800 crore (USD 2.1 billion), across three cash/debt mutual fund schemes – JioBlackRock Overnight Fund , JioBlackRock Liquid Fund and JioBlackRock Money Market Fund . Live Events The three-day NFO, which was launched on June 30 and closed on July 2, attracted investments from over 90 institutional investors, reflecting confidence in JioBlackRock Asset Management's value proposition that combines data-driven investing and a digital-first approach. 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 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 Management. JioBlackRock Asset Management has also rolled out a new account creation feature on the JioFinance app to streamline onboarding for retail investors. The initiative is aimed at making it easier for users to set up investment-ready accounts quickly ahead of the fund house's upcoming launches. Also Read | JioBlackRock launches mutual fund access on MyJio, calls it a new era of investing Last week, the JioBlackRock Mutual Fund announced the launch of mutual fund access on the MyJio app and called it a new era of investing. The fund house posted on social media platform X that, 'A new era of investing has begun on the MyJio app.' Jio BlackRock Asset Management Private Limited (JBAMPL or JioBlackRock Asset Management) is a 50:50 joint venture between Jio Financial Services Limited (JFSL) and BlackRock ('the shareholders').
India.com
08-07-2025
- Business
- India.com
Good news for Mukesh Ambani, Jio BlackRock raises Rs 178000000000 through…, Jio Financial Services shares likely to touch…
Rs 94000000000 deal: Big competition in paint industry after Mukesh Ambani…, this company bought... New Delhi: JioBlackRock Mutual Fund has closed its maiden New Fund Offer (NFO ), raising Rs 17,800 crore (USD 2.1 billion) across three short-term debt schemes. The NFO, which ran from June 30 to July 2, received participation from over 90 institutional investors. The three funds, JioBlackRock Overnight Fund, JioBlackRock Liquid Fund, and JioBlackRock Money Market Fund — mark the company's formal entry into India's mutual fund space, the company said in a press release. Jio Financial Services share price Shares of Jio Financial Services opened lower at Rs 324.60 on the BSE, compared to the previous closing price of Rs 325.00. However, the stock quickly gained momentum, reaching an intraday high of Rs 329.65 — a rise of about 1.5 percent. By 11:46 AM, it was trading at ₹328.50, up 1.08 percent. Jio Financial Services share price target Talking to ET Now, Market expert Rajesh explained the strategy that one should follow to execute trades in Jio Financial Services. 'Even on a 3-month basis, targets of Rs 360 can be expected, which is also the September high. There's good support around Rs 310. Investors can consider holding or even adding on dips,' he said. He also sees a potential upside to Rs 385 in the medium term. A market expert on ET NOW earlier said that the stock chart pattern of Jio Financial Services is showing strong bullish signals. According to the analyst, the stock can easily rise to Rs 350 in the near term. If it manages to cross the Rs 350 levels, the counter may further surge up to Rs 400, the expert added. He further added that the stock chart pattern of Jio Financial Services is showing strong bullish signals. According to the analyst, the stock can easily rise to Rs 350 in the near term. If it manages to cross the Rs 350 levels, the counter may further surge up to Rs 400, the expert added.
Time of India
08-07-2025
- Business
- Time of India
JioBlackRock MF raises Rs 17.8k cr in maiden NFO
NEW DELHI: JioBlackRock Asset Management, a 50:50 joint venture between Jio Financial Services and BlackRock, on Monday announced closure of its maiden New Fund Offer (NFO), recording a total investment of Rs 17,800 crore. 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 attracted investments from over 90 institutional investors. 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.
