Introduction of Jio Blackrock Mutual Fund
The most spotlighted Company in the financial sector, “Jio Blackrock Mutual Fund”, is a 50:50 joint venture of two giant companies, Jio Financial Services Ltd and BlackRock Financial Management Inc. Jio Financial Services Ltd. is a part of the Reliance group. It has a market capitalization of ₹ 2,06450 Crore. BlackRock is the largest Asset Management company, having a market cap of US$11.55 trillion. This combination gives the company the advantage of the widespread reach of Reliance infrastructure in India and BlackRock’s global expertise in finance. Jio Blackrock mutual fund will offer world-class financial services at a low and competitive rate.
What is the Aladdin App?
Aladdin app is developed by BlackRock. Aladdin Stands for Asset, Liability, Debt, and Derivative Investment Network. It is not a common retail investment app like Groww, Zerodha. It is mainly used by big institutional users like private banks, investment firms, and big insurance firms all over the world. It is mainly an investment risk and portfolio management platform.
Availability of Aladdin in India
With so much publicity and advertisement, people try to search for the Aladdin App on the Google Play Store. The Aladdin app is not directly available in India. If you search for the Aladdin app on the Google Play Store, it will show you the result of the Aladdin game or the Aladdin shopping site. It is not available for retail investors like Groww or Zerodha. It is mainly used by managers of large financial institutions for their portfolio research and management purposes.
With the launch of Jio BlackRock Mutual Fund, Indian investors will be indirectly benefiting from Aladdin’s powerful capabilities. Jio BlackRock Mutual Fund will use this Aladdin-powered infrastructure in the backend of Mutual Fund operations, which will be used for portfolio management and risk control.
So Jio Blackrock Mutual Funds will use Aladdin technology to manage their funds. This will give an indirect benefit to Indian Retail investors.
Highlighted Points about Jio Blackrock Mutual Fund
- Jio Blackrock will give indian retail investors the advantage of Jio’s Digital penetration in the indian market and Blackrock’s investment expertise.
- Jio Blackrock will target retail investors of all classes with investments as low as Rs. 500/-.
- It will use the Aladdin platform to manage their Mutual funds.
- It will give financial services at low and competitive rates by sidelining the traditional distribution network.
Jio BlackRock: Three Liquid Funds Launched
In July 25, Jio BlackRock started its innings in the Mutual Fund industry in India by launching three liquid funds. These funds are aiming to provide low-risk, high liquidity with short-term investment options. These Liquid Funds are open for both retail and institutional investors. Minimum Investment is Rs. 500/- only in all three liquid funds.
|
Fund Name |
Main Features |
Exit Load |
Suitability for Investor |
|---|---|---|---|
|
JioBlackRock Overnight Fund |
Invests in overnight securities; aims for capital safety and next-day liquidity |
No exit load |
Investing for one day |
|
JioBlackRock Liquid Fund |
Invests in money market/debt instruments. ( < or = 91 days maturity); High liquidity, low risk |
0.0070% (1 day), decreasing to 0.0045% (6 days) No Exit load after 6 days |
Short-term surplus cash investment for less than or equal to 91 days |
|
JioBlackRock Money Market Fund |
Invests in money market instruments (< or = 1 year maturity); slightly higher yield potential |
No exit load |
Short-term surplus cash investment for less than or equal to 1 Year |
Conclusion :
Jio Blackrock Mutual Fund is a 50:50 joint venture of two giant companies, Jio Financial Services Ltd and BlackRock Financial Management Inc. Aladdin Stands for Asset, Liability, Debt, and Derivative Investment Network. It is not a common retail investment app like Groww, Zerodha. It is not available on the Google Play Store. It is developed by Blackrock. It is mainly used by managers of large financial institutions for their portfolio research and management purposes. Jio Blackstar has promised to use Aladdin-powered infrastructure in managing its mutual fund portfolios.
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