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Jio BlackRock Asset Management, which launched its services in May, has built an investor base of 10 lakh, with nearly 18 per cent comprising first-time mutual fund investors, its MD and CEO Sid Swaminathan said on Tuesday. The joint venture between Jio Financial Services and BlackRock has also seen strong participation from investors beyond major metros, with 40 per cent of its retail investors coming from B-30 cities, significantly higher than the industry average of 28 per cent. B-30 cities in India refer to cities beyond the top 30. Speaking to reporters here, Swaminathan attributed this deeper market penetration to its technology-led approach and sustained focus on investor education. Jio BlackRock AMC manages assets worth over Rs 13,700 crore, with equities accounting for around 30 per cent of the total assets under management, while the remaining 70 per cent is invested in fixed income and cash. Looking ahead, the company plans to focus on key strategic initiatives, includi
Logistics services provider Shadowfax on Monday said it has collected Rs 856 crore from anchor investors, a day before the opening of its initial share sale for public subscription. The anchor book attracted participation from a wide range of domestic and global investors, including mutual funds, insurance companies, pension funds and foreign institutions. The top investors in the anchor round include Nippon India Mutual Fund (MF), ICICI Prudential MF, JM Financial MF, Motilal Oswal MF, Government Pension Fund Global, ICICI Prudential Life Insurance Company, Societe Generale, HSBC Global Investment Funds, Eastspring Investments and Jupiter India Fund, according to a circular uploaded on BSE's website. The company allocated 6.90 crore equity shares to anchor investors at a price of Rs 124 per share, which is also the upper end of the IPO price band. This takes the total fundraising to Rs 856 crore, the circular noted. Of the total shares allotted to anchor investors, around 3.68 cro