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Economic Times
5 days ago
- Business
- Economic Times
Jio BlackRock enters Indian MF market with focus on profitability and growth
Synopsis Jio BlackRock Asset Management, a new entrant in the Indian mutual fund industry, is prioritizing profitability and capturing new market growth over aggressive pricing strategies, unlike Jio's telecom approach. The joint venture aims to offer differentiated products and leverage its tech platform, Aladdin, to reduce costs and provide competitive pricing. Agencies The industry is keeping a close watch to see if Jio BlackRock will undercut rivals in the ultra-competitive mutual fund industry. Mumbai: Jio BlackRock Asset Management, one of the latest high-profile entrants into the Indian mutual fund industry, maybe following a slightly different playbook from group entity Jio's disruptive telecom foray. The 50:50 joint venture between Mukesh Ambani-backed Jio Financial Services and the world's largest asset manager BlackRock, may not be as aggressive on its pricing strategy to grab market share, unlike Jio's sharp discounting that helped it catapult into the big league in and capturing share from new growth in a market that has grown threefold in five years will be some of its mantras. "It is not at all to just capture market share, and profitability will be important and pricing is one of the key points," said Sid Swaminathan, MD and CEO, Jio Blackrock Asset Management, in an exclusive interview with ET. "We know the market is going to grow, we want to help it grow and get a share of the new growth that is coming, rather than capture from existing incumbent players. It's the growth story we are here for," said Swaminathan, who spent close to two decades with BlackRock in various fund management capacities, before relocating to India, about a year fund house is keen to offer differentiated content, value-added products and grow the market rather than grab share from existing players, he said. One of the differentiators Jio BlackRock will bring is its proprietary tech platform Aladdin, which will help in cutting transaction costs. "That allows us some cost engineering which we will pass on to end customer which results in more competitive pricing," said Swaminathan. The industry is keeping a close watch to see if Jio BlackRock will undercut rivals in the ultra-competitive mutual fund Blackrock started operations in India this month with launch of three debt schemes that include overnight, liquid and money market funds that mopped up ₹17,800 crore in early July. There have been talks that Reliance has also invested in the NFO."I don't want to be disclosing those levels of numbers now. Point is they are a large institution. They invest in all MFs right now. We have had 90 different institutions invest, so the breadth we got is very large; it is well diversified to begin with and we continue to add more investors post the NFO," he is expected to soon launch another five index funds, including four equity and one fixed-income fund. While the fund house has started with index funds, it aims to offer the entire range of index and active funds, funds that are driven by data, exchange traded funds (ETFs), specialised investment funds (SIFs) and alternate investment funds (AIFs) over time. While the Indian mutual fund market offers both regular and direct plans, the fund house has started with only direct plans, bypassing mutual fund distributors who sell regular plans and earn a commission. 'There is a growing trend towards digital; people are comfortable doing finances on the phone; we are looking to harness that with a direct digital model and that looks like the right way to start. However, nothing is off the table and as the business grows we will evaluate and take a call,' Swaminathan said. The Indian mutual fund industry, one of the fastest growing globally, has seen assets under management expand threefold in the past five years—to Rs 74.41 lakh crore in June 2025 from Rs 25.5 lakh crore in June 2020. The industry is abuzz with speculation that Jio Blackrock will scale fast and could also look at acquisitions. 'It is too premature to look at acquisitions. We are just getting started. From a strategy perspective we want to be in a situation where we will look at the evolution of the market, how we grow, what we see changing and how we adapt with our funds and distribution. We don't want to rule anything out,' said Swaminathan. 'We want to be a significant player here in the long term, but on the path to that we will get a better idea once we spend more time in the market,' he added
Time of India
5 days ago
- Business
- Time of India
Jio BlackRock enters Indian MF market with focus on profitability and growth
Mumbai: Jio BlackRock Asset Management , one of the latest high-profile entrants into the Indian mutual fund industry , maybe following a slightly different playbook from group entity Jio's disruptive telecom foray. The 50:50 joint venture between Mukesh Ambani-backed Jio Financial Services and the world's largest asset manager BlackRock, may not be as aggressive on its pricing strategy to grab market share, unlike Jio's sharp discounting that helped it catapult into the big league in telecom. Profitability and capturing share from new growth in a market that has grown threefold in five years will be some of its mantras. Explore courses from Top Institutes in Please select course: Select a Course Category others Product Management Project Management MBA Cybersecurity Leadership Management Digital Marketing Healthcare PGDM Data Science CXO Degree Public Policy Others Data Science healthcare Artificial Intelligence MCA Finance Operations Management Design Thinking Data Analytics Technology Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details "It is not at all to just capture market share, and profitability will be important and pricing is one of the key points," said Sid Swaminathan, MD and CEO, Jio Blackrock Asset Management, in an exclusive interview with ET. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » "We know the market is going to grow, we want to help it grow and get a share of the new growth that is coming, rather than capture from existing incumbent players. It's the growth story we are here for," said Swaminathan, who spent close to two decades with BlackRock in various fund management capacities, before relocating to India, about a year ago. The fund house is keen to offer differentiated content, value-added products and grow the market rather than grab share from existing players, he said. One of the differentiators Jio BlackRock will bring is its proprietary tech platform Aladdin, which will help in cutting transaction costs. "That allows us some cost engineering which we will pass on to end customer which results in more competitive pricing," said Swaminathan. Live Events The industry is keeping a close watch to see if Jio BlackRock will undercut rivals in the ultra-competitive mutual fund industry. Jio Blackrock started operations in India this month with launch of three debt schemes that include overnight, liquid and money market funds that mopped up ₹17,800 crore in early July. There have been talks that Reliance has also invested in the NFO. "I don't want to be disclosing those levels of numbers now. Point is they are a large institution. They invest in all MFs right now. We have had 90 different institutions invest, so the breadth we got is very large; it is well diversified to begin with and we continue to add more investors post the NFO," he said. It is expected to soon launch another five index funds, including four equity and one fixed-income fund. While the fund house has started with index funds, it aims to offer the entire range of index and active funds, funds that are driven by data, exchange traded funds (ETFs), specialised investment funds (SIFs) and alternate investment funds (AIFs) over time. While the Indian mutual fund market offers both regular and direct plans, the fund house has started with only direct plans, bypassing mutual fund distributors who sell regular plans and earn a commission. 'There is a growing trend towards digital; people are comfortable doing finances on the phone; we are looking to harness that with a direct digital model and that looks like the right way to start. However, nothing is off the table and as the business grows we will evaluate and take a call,' Swaminathan said. The Indian mutual fund industry, one of the fastest growing globally, has seen assets under management expand threefold in the past five years—to Rs 74.41 lakh crore in June 2025 from Rs 25.5 lakh crore in June 2020. The industry is abuzz with speculation that Jio Blackrock will scale fast and could also look at acquisitions. 'It is too premature to look at acquisitions. We are just getting started. From a strategy perspective we want to be in a situation where we will look at the evolution of the market, how we grow, what we see changing and how we adapt with our funds and distribution. We don't want to rule anything out,' said Swaminathan. 'We want to be a significant player here in the long term, but on the path to that we will get a better idea once we spend more time in the market,' he added
Mint
17-07-2025
- Business
- Mint
Jio Financial share price in focus: How to trade the Reliance group stock ahead of Q1 results today?
Jio Financial share price: Shares of Mukesh Ambani-backed Jio Financial Services traded on a lacklustre note on Thursday, July 17, gaining less than half a per cent as investors stuck to the sidelines ahead of the announcement of the first quarter earnings for the financial year 2025-26 (Q1 FY26). Jio Financial share price opened at ₹ 320, slightly above its last closing price of ₹ 319.60 apiece on the BSE. Soon after, the Reliance group stock hit the day's high of ₹ 320.75, up just 0.35%. The stock is hovering close to its 52-week high of ₹ 363, which was reached in September 2024. Despite today's muted movement, Jio Financial share price has gained 10% in the last one month on the back of multiple approvals from the capital markets regulator to offer holistic investment solutions. Late last month, Jio BlackRock Broking, a wholly owned subsidiary of Jio BlackRock Investment Advisers Pvt Ltd, received regulatory approval from the Securities and Exchange Board of India (SEBI) to commence operations as a brokerage firm. Before this, regulatory approvals were received by Jio BlackRock Asset Management Pvt Ltd and Jio BlackRock Investment Advisers to commence operations. Last week on Thursday, Jio Financial informed exchanges that its board will meet today (July 17) to approve the earnings for the June quarter of FY26. "A meeting of the Board of Directors of the Company is scheduled to be held on Thursday, July 17, 2025, inter alia, to consider and approve the standalone and consolidated unaudited financial results of the Company for the quarter ended June 30, 2025. A presentation to analysts on the financial results of the Company for the quarter ended June 30, 2025, shall be made on the same day after the meeting," Jio Financial said in a filing. Anshul Jain, Head of Research at Lakhmishree Investments, remains bullish on the stock. He said that Jio Financial is currently trading around a key resistance zone between 324 and 347 and, despite multiple attempts, is holding ground without any sharp rejection. This resilience suggests strength, and the stock is likely to remain range-bound within this zone for the next 8 to 10 weeks, he added. "Interestingly, volumes are gradually diminishing, which is typically a bullish signal during consolidation phases — hinting at silent accumulation. This setup indicates that the stock is preparing for a potential breakout in the medium term, provided it sustains above key support levels," Jain said. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
03-07-2025
- Business
- Business Standard
Nifty Sept rejig: IndiGo, Max Health to replace Hero MotoCorp, IndusInd
India's largest airline operator, InterGlobe Aviation and hospital chain Max Healthcare are likely to enter the benchmark Nifty50 index in the September 2025 review, according to analysts at Nuvama Institutional Equities. IndiGo has already seen "substantial" positive price action, reflecting market expectations, the brokerage said in a report on July 2. However, Max Healthcare appears "under-owned" on this theme and could see more buying interest, it said, expecting over $400 million in passive inflows. The stock of the defence company Hindustan Aeronautics will be the only threat to Max Healthcare's inclusion in the key gauge, Nuvama said. "The only scenario where Max Health may miss inclusion is if HAL outperforms Max Health by 12 per cent immediately and sustains that outperformance through July-end." This, however, is a low probability, Nuvama said. Meanwhile, Hero MotoCorp and IndusInd Bank will be the stocks that will see exclusion from the index, given their recent performance. While much of the negative sentiment appears to be priced in, Nuvama believes any further downside will be more pronounced around the adjustment period. "Until then, we don't expect significant pressure purely from expected passive flows." The September Nifty 50 review is likely to be "action-packed," Nuvama said in the report. The cut-off period for the rejig ends in July, and the official announcement is expected in the latter half of August. The index adjustments will be effective September 29, 2025. 'Zero probability' for BSE inclusion Analysts at Nuvama assigned a zero probability of the oldest bourse, BSE Ltd., being included in the Nifty 50 in the September 2025 review. This assessment is based on a thorough review of the current index methodology, Nuvama said. "We believe there's almost no chance of BSE even making it to the Nifty Next 50 in September 2025 review." Nifty March rejig Shares of the food delivery platform Zomato and Mukesh Ambani-backed Jio Financial Services were added to the benchmark Nifty50, while Bharat Petroleum Corporation and Britannia Industries saw exclusion. The two stocks were expected to bring in a passive inflow of $910 million into the index.
Mint
22-04-2025
- Business
- Mint
Why did Mukesh Ambani-backed Alok Industries' share price surge 18% after Q4 results?
Alok Industries share price surged as much as 16 per cent in morning trade on BSE on Tuesday, April 22, a day after the Mukesh Ambani-backed company reported its March quarter (Q4) results. Advertisement Alok Industries share price opened at ₹17.36 against its previous close of ₹16.47 and rose as much as 18.4 per cent to an intraday high of ₹19.50. With this, the stock has jumped 25 per cent in April so far, looking set to snap its losing streak of the last seven consecutive months. Around 10:10 AM on Tuesday, the stock traded 17.85 per cent higher at ₹19.41. Alok Industries share price recently hit a 52-week low of ₹13.90 on April 7 this year. It hit a 52-week high of ₹29.97 on June 19 last year. As of April 21 close, the stock is down 45 per cent from its one-year high level. Why did Alok Industries' share price rise after the Q4FY25 results? The textile firm's consolidated net loss narrowed to ₹74.47 crore in Q4FY25 compared to a loss of ₹272.99 crore quarter-on-quarter and ₹215.93 crore year-on-year. Advertisement The significant drop in losses seems to have influenced investor sentiment. A sequential rise of 10 per cent in Alok Industries' consolidated revenue from operations also boosted sentiment. The company's consolidated revenue for Q4FY25 stood at ₹952.96 crore which was 35 per cent down from the revenue of ₹1,469.31 crore in Q4FY24 but was up 10.3 per cent from ₹863.86 crore in Q3FY25. More to come…
