Jio Financial-Blackrock:India’s mutual fund market is growing rapidly. Investment in this has increased from Rs 3660 crore to Rs 19932 crore in the last seven years. Investment of Rs 96,080 crore came in 2020-21 and Rs 1.56 lakh crore in 2022-23. Whereas in the half year of 2023-24, direct investment of Rs 90300 crore has been made. Now soon, the joint venture company of Jio Financial Services and BlackRock is going to launch mutual funds in the Indian market. For this the company has applied to SEBI. However, the application is currently under consideration. According to an update from the Securities and Exchange Board of India (SEBI) on mutual fund approval status as of December 31, 2023, applicants under consideration for mutual fund licenses include Jio Financial Services and BlackRock Financial Management. Jio submitted its application on October 19 and SEBI’s status report shows that it is still under consideration. Jio Financial Services Ltd, the financial services arm newly spun off from industrialist Mukesh Ambani’s Reliance Industries, and BlackRock have agreed to form a 50:50 joint venture with an investment of $150 million to enter the asset management business in India in July 2023. Announced an agreement for.
what is mutual fund
Mutual fund is a type of investment system in which the money of different investors is pooled together and invested in different types of investments. Mutual fund companies manage investment portfolios for investors and provide a variety of disinvestment options for them.
Following are some of the main features of mutual funds:
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Professional Management: Mutual fund companies provide professional investment portfolio management for investors. They have specialized knowledge and experience that helps them improve their investments.
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Judicious selection of investments: Mutual fund companies exercise caution in selecting various investments so that investors’ money can be kept safe and normal profits can be obtained.
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Disinvestment facility for investors: Investors in mutual funds can divide their investments into different types of disinvestment options, such as shares, bonds, mutual funds, gold schemes, etc. This gives them the facility to take advantage of various means of investment.
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Liquidity and utility: Mutual fund companies provide investors with the facility to easily withdraw money from their investments, thereby maintaining their liquidity.
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Investor Security: Mutual fund companies manage investors’ money, which means that along with disinvestment, their security is also a priority.
What is systematic investment plan
Systematic Investment Plan (SIP) is an investment method in which investors invest a fixed amount at regular intervals, usually every month. It is a financial plan that provides individuals with a stable and efficient method to invest.
The main features of SIP are as follows:
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Regular investment: In SIP, investors invest a fixed amount at regular intervals, usually in the middle of a month.
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Accessible to common people: SIP removes financial controversy and gives individuals the opportunity to invest easily.
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Importance of time in statistics: Through this, individuals benefit as they receive returns at a fair rate over time.
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Financial Benefits: Through SIP, individuals get the opportunity to invest in various financial instruments, such as mutual funds, index funds, etc.
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Low initial investment: The initial investment in SIP is usually low, making this investment feasible even for individuals who cannot afford a large sum.
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Long Term Investment: Through SIP, individuals get the opportunity to invest for a longer period, which can increase the benefits of financial plans.
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Automated Investment: Simplifies and automates the investment process by automatically deducting the investment amount from the individual’s bank account.