Latest news with #SidSwaminathan
News18
7 days ago
- Business
- News18
Jio BlackRock To Launch 8 New Mix Debt And Equity Funds, Seeks SEBI's Nod: Report
Last Updated: 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.
Economic Times
08-07-2025
- Business
- Economic Times
JioBlackRock Mutual Fund seeks Sebi nod to launch 8 new funds: Report
The upcoming funds will offer investment options starting at just Rs 500, targeting wider retail participation. 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 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 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. 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 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 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').
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').
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.'
Time of India
07-07-2025
- Business
- Time of India
Jio BlackRock NFOs draw 67,000 retail investors, 90+ institutions
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 investors. According 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 Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Kulkas yang belum Terjual dengan Harga Termurah (Lihat harga) Cari Sekarang 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 Fund . The new fund offer (NFO) for these three schemes was open from June 30 to July 2. Live Events '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. The 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 houses. These 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 journey. Last 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 investing. On social platform X, the fund house posted: 'A new era of investing has begun on the MyJio app.'
