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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The joint venture between Reliance's Jio Financial Services and BlackRock has received regulatory clearance to launch four equity funds and one debt fund.
JioBlackRock Asset Management has received approval from the Securities and Exchange Board of India to launch five passive index funds. This is a significant expansion of the joint venture's presence in the country's mutual fund sector.
The five newly-approved funds, out of which four are equity-oriented and one is a debt-focused scheme, will track five indices:
As growth in equities cools, asset managers are looking to embed themselves in payrolls, payments, and credit. This raises their influence, but also the stakes.
Its lending business is doing the heavy lifting while payments and asset management lag, raising questions over its full-stack narrative.
As retail interest in public issuances fades, mutual funds are filling the gap—funding promoter exits and delivering subpar returns to the very investors they represent.
