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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
The stock markets will remain closed on Thursday, January 15, on account of the Maharashtra civic polls, according to BSE and NSE. Trading in the equity segment, derivatives, commodity and electronic gold receipts would remain closed. In a circular on Monday, the National Stock Exchange (NSE), "notified Thursday, January 15, 2026, as a trading holiday in the capital market segment on account of Municipal Corporation Election in Maharashtra". Earlier, the bourse had stated that it would observe January 15 as a settlement holiday, while trading would be open on the day. Separately, BSE also announced that trading will remain closed on January 15 due to the Municipal Corporation Election. In total, exchanges usually have around 15 trading holidays in a year, apart from regular weekly closures on Saturdays and Sundays. On January 10, the Maharashtra government declared a public holiday for January 15 in Mumbai for civic polls. The holiday will apply to government and semi-government