How many investors does Jio BlackRock AMC have?

Jio BlackRock AMC has amassed 1 million investors since its launch in May.

What is the investor demographic for Jio BlackRock AMC?

Nearly 18% of Jio BlackRock AMC's investors are first-time mutual fund participants, and 40% come from B-30 cities.

What is the total asset under management for Jio BlackRock AMC?

Jio BlackRock AMC manages over ₹13,700 crore in assets.

Home / Business and Economy / Jio BlackRock Hits 1 Million Investors

Jio BlackRock Hits 1 Million Investors

20 Jan

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Summary

Jio BlackRock AMC amassed 1 million investors since May launch.
40% of its retail investors hail from B-30 cities.
The joint venture manages over ₹13,700 crore in assets.

Jio BlackRock Asset Management, a joint venture between Jio Financial Services and BlackRock, has successfully built an investor base of 1 million since its launch in May. A significant portion, nearly 18%, comprises first-time mutual fund investors.

The company is achieving remarkable penetration beyond major metropolitan areas, with 40% of its retail investors originating from B-30 cities. This figure notably exceeds the industry average of 28%, a feat attributed to its technology-driven strategy and commitment to investor education.

Currently, Jio BlackRock AMC oversees assets valued at over ₹13,700 crore. Equities constitute approximately 30% of this total, with the remaining 70% allocated to fixed income and cash instruments.