3 hrs ago

JioBlackRock Bets on Digital Reach and AI Investing

JioBlackRock Bets on Digital Reach and AI Investing
JioBlackRock’s Big India Bet, Can AI Reshape Investing? · freepressjournal.in

JioBlackRock is a new investment company created by Jio and BlackRock.

Jio helps it reach people through digital services, while BlackRock provides investment knowledge and technology.

The company wants to help more people in India invest, including people in smaller cities.

It says many investors are moving beyond bank deposits, property and gold.

Its computer-based systems study hundreds of signals about companies before choosing investments.

These signals can include job advertisements and online sales.

People still check the computer’s suggestions and remain responsible for decisions.

JioBlackRock also offers specialised funds for investors who can accept more complicated risks.

The company plans to grow its funds and reach more investors over the next several years.

Key facts

Joint venture
Jio contributes digital reach, sales capabilities and consumer understanding; BlackRock contributes investment expertise, technology and processes.
B30 retail assets
Around 40% of JioBlackRock’s retail assets under management comes from cities beyond India’s top 30.
Retail investors
The company has roughly 11.5 lakh retail investors, with about 20% investing in mutual funds for the first time.
Systematic investing
Its process examines about 400 data signals for every Indian stock.
Specialised investment funds
SIFs require a minimum investment of Rs 10 lakh and have crossed Rs 25,000 crore in about ten months.
Current fund presence
JioBlackRock has 16 live funds across passive, active, equity and fixed-income categories.
Growth outlook
The company says India’s fund industry could become at least three times its current size over the next decade.

Sources

Related news