Jio BlackRock to launch first Indian ETFs by August

Jio BlackRock plans to introduce its initial exchange-traded funds in India by August. The joint venture already manages 1.9 billion dollars in assets and will begin with equity strategies.

The company seeks to follow BlackRock's model in passive investing. It targets India's developing ETF market with these new products. Plans also include offerings tied to GIFT City. The venture continues to build its asset base toward a 2 billion dollar target. Initial focus remains on equity approaches to meet growing local demand for such funds.

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Reliance Jio Infocomm is preparing to submit draft papers for its anticipated 4 billion dollar IPO in India within days. The filing is expected just before Mukesh Ambani's annual address to Reliance Industries shareholders on Friday.

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More than a dozen companies are preparing to raise around ₹45,000 crore through initial public offerings in July. The offerings are expected to mark a strong return for India's primary market after a quieter period.

Foreign portfolio investors sold shares valued at ₹64,761 crore in the first half of June, marking the highest monthly outflow since March. The selling was led by financial services and oil and gas sectors amid rising oil prices.

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Retail investors put ₹38,440 crore into equity mutual funds last month, a modest decline from March levels. The dip occurred amid uncertainty over oil prices and lower SIP collections.

 

 

 

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