JIO Financial Serv.
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Sept 30 (Reuters) - Jio Financial Services Limited JIOF.NS:
AGGREGATE INVESTMENT BY CO IN JV JIO ALLIANZ GENERAL INSURANCE TILL DATE IS 3.75 BILLION RUPEES
Source text: [ID:]
Further company coverage: JIOF.NS
(([email protected];))
Sept 30 (Reuters) - Jio Financial Services Limited JIOF.NS:
AGGREGATE INVESTMENT BY CO IN JV JIO ALLIANZ GENERAL INSURANCE TILL DATE IS 3.75 BILLION RUPEES
Source text: [ID:]
Further company coverage: JIOF.NS
(([email protected];))
Aug 17 (Reuters) - JioBlackRock Asset Management, a venture between India's Jio Financial Services JIOF.NS and BlackRock BLK.N said on Monday it will offer regular plans for eligible mutual fund schemes, allowing investors to buy them through registered distributors.
The fund house has so far offered only direct plans. Regular plans are sold through mutual fund distributors, whose commissions add to investors' costs.
JioBlackRock and some other digital-focused asset managers had limited sales to direct platforms to keep investor costs lower in India's crowded mutual fund market.
Sid Swaminathan, managing director and chief executive officer of Jio BlackRock Asset Management, had told Reuters in June that the company was adopting distributor-led model, particularly as complex and higher-ticket offerings like special investment funds (SIFs) require advisors.
The joint venture between Mukesh Ambani's Jio Financial Services and the world's largest asset manager has amassed about 180 billion rupees in assets under management in roughly a year since its launch by building a base in cash, debt-index and active equity funds.
Earlier this month Jio Financial Services and BlackRock launched the JioBlackRock Nifty 50 ETF, marking the joint venture's entry into India's fast-growing exchange-traded fund market.
(Reporting by Urvi Dugar and Vivek Kumar M in Bengaluru; Editing by Nivedita Bhattacharjee)
(([email protected]; +91 9558725583;))
Aug 17 (Reuters) - JioBlackRock Asset Management, a venture between India's Jio Financial Services JIOF.NS and BlackRock BLK.N said on Monday it will offer regular plans for eligible mutual fund schemes, allowing investors to buy them through registered distributors.
The fund house has so far offered only direct plans. Regular plans are sold through mutual fund distributors, whose commissions add to investors' costs.
JioBlackRock and some other digital-focused asset managers had limited sales to direct platforms to keep investor costs lower in India's crowded mutual fund market.
Sid Swaminathan, managing director and chief executive officer of Jio BlackRock Asset Management, had told Reuters in June that the company was adopting distributor-led model, particularly as complex and higher-ticket offerings like special investment funds (SIFs) require advisors.
The joint venture between Mukesh Ambani's Jio Financial Services and the world's largest asset manager has amassed about 180 billion rupees in assets under management in roughly a year since its launch by building a base in cash, debt-index and active equity funds.
Earlier this month Jio Financial Services and BlackRock launched the JioBlackRock Nifty 50 ETF, marking the joint venture's entry into India's fast-growing exchange-traded fund market.
(Reporting by Urvi Dugar and Vivek Kumar M in Bengaluru; Editing by Nivedita Bhattacharjee)
(([email protected]; +91 9558725583;))
By Bharath Rajeswaran
Aug 13 (Reuters) - Global index provider MSCI said on Thursday it will add four Indian companies to its widely tracked Global Standard index and remove three as part of its August review, underscoring the continuing churn in India's representation within global passive portfolios.
The changes will be implemented after the close of trading on August 31, 2026, and take effect on September 1, MSCI said.
Laurus Labs LAUL.NS, an active pharmaceutical ingredients manufacturer; Lenskart LENS.NS, an omnichannel eyewear retailer; Adani Energy Solutions ADAI.NS, the Adani Group's power transmission and distribution arm, and Groww BILO.NS, a digital investment and broking platform, will enter the index.
They will replace tyre maker Balkrishna Industries BLKI.NS, credit-card issuer SBI Cards SBIC.NS, and building-materials company Astral ASTL.NS. Following the reshuffle, the number of Indian constituents in the key MSCI index will rise to 166 from 165.
India's weightage in the global standard index will also rise to 11.9% from 11.8%, according to Nuvama Alternative and Quantitative Research.
The inclusion is expected to trigger significant buying by exchange-traded funds and other passive investors that replicate MSCI benchmarks.
Nuvama Alternative and Quantitative Research estimates potential inflows of about $598 million for Laurus Labs, $352 million for Lenskart, $310 million for Adani Energy Solutions and $256 million for Groww.
Conversely, Balkrishna Industries, SBI Cards and Astral could see estimated passive outflows of $169 million, $143 million and $138 million, respectively.
The review also recalibrated weights among existing index members. Eternal ETEA.NS is projected to attract the largest incremental passive inflow, at around $674 million, following an increase in its weight. Adani Enterprises ADEL.NS and Adani Ports APSE.NS could receive about $202 million and $77 million, respectively.
Reliance Industries RELI.NS is estimated to face outflows of roughly $523 million, while Jio Financial Services JIOF.NS may see $61 million in outflows.
Separately, MSCI's Small Cap index review added companies including Amagi Media Labs AMAI.NS, Ather Energy ATHR.NS, Clean Max CLEM.NS, E2E Networks EENE.NS, Embassy Developments EMBS.NS, Patanjali Foods PAFO.NS, Rubicon Research RUBI.NS, Sedemac Mechatronics SEDE.NS, Sky Gold and Diamonds SKYG.NS, United Breweries UBBW.NS, Urban Company URBN.NS and WeWork India WEWO.NS, while removing 19 stocks.
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Rashmi Aich)
(([email protected]; +91 9769003463;))
By Bharath Rajeswaran
Aug 13 (Reuters) - Global index provider MSCI said on Thursday it will add four Indian companies to its widely tracked Global Standard index and remove three as part of its August review, underscoring the continuing churn in India's representation within global passive portfolios.
The changes will be implemented after the close of trading on August 31, 2026, and take effect on September 1, MSCI said.
Laurus Labs LAUL.NS, an active pharmaceutical ingredients manufacturer; Lenskart LENS.NS, an omnichannel eyewear retailer; Adani Energy Solutions ADAI.NS, the Adani Group's power transmission and distribution arm, and Groww BILO.NS, a digital investment and broking platform, will enter the index.
They will replace tyre maker Balkrishna Industries BLKI.NS, credit-card issuer SBI Cards SBIC.NS, and building-materials company Astral ASTL.NS. Following the reshuffle, the number of Indian constituents in the key MSCI index will rise to 166 from 165.
India's weightage in the global standard index will also rise to 11.9% from 11.8%, according to Nuvama Alternative and Quantitative Research.
The inclusion is expected to trigger significant buying by exchange-traded funds and other passive investors that replicate MSCI benchmarks.
Nuvama Alternative and Quantitative Research estimates potential inflows of about $598 million for Laurus Labs, $352 million for Lenskart, $310 million for Adani Energy Solutions and $256 million for Groww.
Conversely, Balkrishna Industries, SBI Cards and Astral could see estimated passive outflows of $169 million, $143 million and $138 million, respectively.
The review also recalibrated weights among existing index members. Eternal ETEA.NS is projected to attract the largest incremental passive inflow, at around $674 million, following an increase in its weight. Adani Enterprises ADEL.NS and Adani Ports APSE.NS could receive about $202 million and $77 million, respectively.
Reliance Industries RELI.NS is estimated to face outflows of roughly $523 million, while Jio Financial Services JIOF.NS may see $61 million in outflows.
Separately, MSCI's Small Cap index review added companies including Amagi Media Labs AMAI.NS, Ather Energy ATHR.NS, Clean Max CLEM.NS, E2E Networks EENE.NS, Embassy Developments EMBS.NS, Patanjali Foods PAFO.NS, Rubicon Research RUBI.NS, Sedemac Mechatronics SEDE.NS, Sky Gold and Diamonds SKYG.NS, United Breweries UBBW.NS, Urban Company URBN.NS and WeWork India WEWO.NS, while removing 19 stocks.
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Rashmi Aich)
(([email protected]; +91 9769003463;))
Jio Financial Services signed definitive agreements with NB Holdings Corporation, a wholly owned subsidiary of Bank of America, for an investment of up to ₹18,268.22 crore in its lending arm Jio Credit. The preferential issue would give NB Holdings a 26.5% stake initially, while warrants convertible within 18 months could take its holding to 49.9%, subject to statutory and regulatory approvals. The share subscription was valued at up to ₹6,612.90 crore and the warrants at up to ₹11,655.32 crore; Jio Credit would remain consolidated by JFSL, with equal board representation for the two partners. Jio Credit's assets under management stood at ₹30,667 crore on June 30, having grown 2.6 times year on year. Lending generated 34% of JFSL's revenue from operations in the June quarter, while core business income excluding dividends reached ₹1,496 crore and accounted for 75% of total income.
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Jio Financial Services signed definitive agreements with NB Holdings Corporation, a wholly owned subsidiary of Bank of America, for an investment of up to ₹18,268.22 crore in its lending arm Jio Credit. The preferential issue would give NB Holdings a 26.5% stake initially, while warrants convertible within 18 months could take its holding to 49.9%, subject to statutory and regulatory approvals. The share subscription was valued at up to ₹6,612.90 crore and the warrants at up to ₹11,655.32 crore; Jio Credit would remain consolidated by JFSL, with equal board representation for the two partners. Jio Credit's assets under management stood at ₹30,667 crore on June 30, having grown 2.6 times year on year. Lending generated 34% of JFSL's revenue from operations in the June quarter, while core business income excluding dividends reached ₹1,496 crore and accounted for 75% of total income.
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Jio Financial Services signed definitive agreements with NB Holdings Corporation, a wholly owned subsidiary of Bank of America, for an investment of up to ₹18,268.22 crore in Jio Credit. The preferential issue covered shares representing 26.5% of Jio Credit's post-issue paid-up capital and warrants that could lift Bank of America's stake to 49.9% within 18 months, subject to statutory and regulatory approvals. The transaction provided for equal representation from Jio Financial Services and Bank of America on Jio Credit's board, while Jio Credit remained a consolidated subsidiary of Jio Financial Services. Jio Credit's assets under management stood at ₹30,667 crore at June 30, 2026, after two years of operations. Lending accounted for 34% of Jio Financial Services' first-quarter FY27 revenue from operations, up from 26% in FY26.
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Jio Financial Services signed definitive agreements with NB Holdings Corporation, a wholly owned subsidiary of Bank of America, for an investment of up to ₹18,268.22 crore in Jio Credit. The preferential issue covered shares representing 26.5% of Jio Credit's post-issue paid-up capital and warrants that could lift Bank of America's stake to 49.9% within 18 months, subject to statutory and regulatory approvals. The transaction provided for equal representation from Jio Financial Services and Bank of America on Jio Credit's board, while Jio Credit remained a consolidated subsidiary of Jio Financial Services. Jio Credit's assets under management stood at ₹30,667 crore at June 30, 2026, after two years of operations. Lending accounted for 34% of Jio Financial Services' first-quarter FY27 revenue from operations, up from 26% in FY26.
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Aug 12 (Reuters) - Jio Financial Services Limited JIOF.NS:
JIO FINANCIAL - INVESTMENT OF UP TO 182.68 BILLION RUPEES BY NB HOLDINGS CORPORATION IN JIO CREDIT LIMITED
JIO FINANCIAL - PROPOSED INVESTMENT BY WAY OF PREFERENTIAL ISSUE ON A PRIVATE PLACEMENT BASIS
JIO FINANCIAL - BANK OF AMERICA ENTERS INTO A JOINT VENTURE AGREEMENT WITH JIO FINANCIAL SERVICES LIMITED TO ACQUIRE UP TO 49.9% IN JIO CREDIT LIMITED
JIO FINANCIAL - INVESTMENT INCLUDES SUBSCRIPTION OF UP TO 75.7 MILLION WARRANTS FOR FOR UP TO 116.55 BILLION RUPEES
JIO FINANCIAL - PROPOSED INVESTMENT BY SUBSCRIPTION OF UP TO 42.9 MILLION SHARES OF JIO CREDIT WORTH 66.13 BILLION RUPEES
Further company coverage: JIOF.NS
(([email protected];;))
Aug 12 (Reuters) - Jio Financial Services Limited JIOF.NS:
JIO FINANCIAL - INVESTMENT OF UP TO 182.68 BILLION RUPEES BY NB HOLDINGS CORPORATION IN JIO CREDIT LIMITED
JIO FINANCIAL - PROPOSED INVESTMENT BY WAY OF PREFERENTIAL ISSUE ON A PRIVATE PLACEMENT BASIS
JIO FINANCIAL - BANK OF AMERICA ENTERS INTO A JOINT VENTURE AGREEMENT WITH JIO FINANCIAL SERVICES LIMITED TO ACQUIRE UP TO 49.9% IN JIO CREDIT LIMITED
JIO FINANCIAL - INVESTMENT INCLUDES SUBSCRIPTION OF UP TO 75.7 MILLION WARRANTS FOR FOR UP TO 116.55 BILLION RUPEES
JIO FINANCIAL - PROPOSED INVESTMENT BY SUBSCRIPTION OF UP TO 42.9 MILLION SHARES OF JIO CREDIT WORTH 66.13 BILLION RUPEES
Further company coverage: JIOF.NS
(([email protected];;))
Aug 4 (Reuters) - Jio Financial Services JIOF.NS and BlackRock BLK.N on Tuesday launched the JioBlackRock Nifty 50 ETF, marking their entry into India's exchange-traded fund market through their asset management joint venture.
Here are more details:
The exchange-traded fund (ETF) will track the Nifty 50 Index .NSEI, giving investors exposure to India's 50 largest listed companies through a single investment
In June, Reuters reported that the joint venture plans to launch its first ETF in India by August
Jio BlackRock Asset Management has amassed about 180 billion rupees ($1.89 billion) in assets under management as of June 30
BlackRock oversees about $5.5 trillion in ETF assets globally, more than a third of its total assets under management, underscoring the importance of the product line to its franchise
The fund will be available through JioBlackRock's website as well as the JioFinance and MyJio apps
($1 = 95.3575 Indian rupees)
(Reporting by Urvi Dugar in Bengaluru; Editing by Nivedita Bhattacharjee)
(([email protected]; +91 9558725583;))
Aug 4 (Reuters) - Jio Financial Services JIOF.NS and BlackRock BLK.N on Tuesday launched the JioBlackRock Nifty 50 ETF, marking their entry into India's exchange-traded fund market through their asset management joint venture.
Here are more details:
The exchange-traded fund (ETF) will track the Nifty 50 Index .NSEI, giving investors exposure to India's 50 largest listed companies through a single investment
In June, Reuters reported that the joint venture plans to launch its first ETF in India by August
Jio BlackRock Asset Management has amassed about 180 billion rupees ($1.89 billion) in assets under management as of June 30
BlackRock oversees about $5.5 trillion in ETF assets globally, more than a third of its total assets under management, underscoring the importance of the product line to its franchise
The fund will be available through JioBlackRock's website as well as the JioFinance and MyJio apps
($1 = 95.3575 Indian rupees)
(Reporting by Urvi Dugar in Bengaluru; Editing by Nivedita Bhattacharjee)
(([email protected]; +91 9558725583;))
July 17 (Reuters) - Shares of India's Jio Financial Services JIOF.NS jumped 5.1% on Friday after the non-bank lender reported a surge in quarterly profit on broad-based growth across its businesses.
The stock was trading at 248.65 rupees, its highest since May, and was the top gainer on the benchmark Nifty 50 .NSEI.
(Reporting by Mridula Kumar in Bengaluru; Editing by Subhranshu Sahu)
July 17 (Reuters) - Shares of India's Jio Financial Services JIOF.NS jumped 5.1% on Friday after the non-bank lender reported a surge in quarterly profit on broad-based growth across its businesses.
The stock was trading at 248.65 rupees, its highest since May, and was the top gainer on the benchmark Nifty 50 .NSEI.
(Reporting by Mridula Kumar in Bengaluru; Editing by Subhranshu Sahu)
July 16 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL SERVICES Q1 CONSOL PROFIT 8.3 BILLION RUPEES
JIO FINANCIAL SERVICES Q1 CONSOL TOTAL REV FROM OPS 20.04 BLN RUPEES
Source text: [ID:]
Further company coverage: JIOF.NS
(([email protected];;))
July 16 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL SERVICES Q1 CONSOL PROFIT 8.3 BILLION RUPEES
JIO FINANCIAL SERVICES Q1 CONSOL TOTAL REV FROM OPS 20.04 BLN RUPEES
Source text: [ID:]
Further company coverage: JIOF.NS
(([email protected];;))
Repeats Tuesday's story with no changes to text
Jio BlackRock to launch first ETFs in India by August
JV targets equity ETFs as passive investing gains ground
Plans GIFT City products, shifts complex funds to distributors
By Vivek Kumar M
June 9 (Reuters) - Jio BlackRock Asset Management plans to launch its first exchange-traded funds in India by August, seeking to replicate BlackRock's global success in passive investing in a market where ETFs are still nascent.
The joint venture between Mukesh Ambani's Jio Financial Services JIOF.NS and the world's largest asset manager has amassed about 180 billion rupees ($1.9 billion) in assets under management in roughly a year since its launch by building a base in cash, debt-index and active equity funds.
It plans to start with equity-focused ETF strategies.
BlackRock oversees about $5.1 trillion in ETF assets globally, more than a third of its total assets under management, underscoring the importance of the product line to its franchise. Jio BlackRock currently ranks as India's 29th-largest asset manager.
"ETFs are a long-term play. While it is a predominantly institutional heavy market (in India), retail are starting to get more involved in ETFs. And we can see from global trends how well ETFs have been adopted as a choice for investing," Sid Swaminathan, managing director and chief executive officer of Jio BlackRock Asset Management, told Reuters.
ETF INNOVATION COULD BOOST LIQUIDITY
Passive mutual fund assets in India stood at 15.20 trillion rupees in April, or about 18.5% of the industry's 81.94 trillion rupees in average assets under management, according to data from the mutual fund industry association.
By comparison, equity index funds and ETFs account for about 45.3% of long-term mutual fund and ETF assets in the U.S.
Swaminathan said tighter bid-offer spreads and more innovative strategies could help improve liquidity and boost retail participation in Indian ETFs.
The company also plans to launch products in Gujarat International Finance Tec-City (GIFT City), India's low-tax financial hub competing with centres such as Singapore and Dubai, within the next couple of months.
COMPLEX PRODUCTS PROMPT PIVOT TO DISTRIBUTOR-LED MODEL
For more complex offerings, including special investment funds and GIFT City products, Jio BlackRock has adopted a distributor-led model rather than a digital-first approach, reflecting the continued role of advisers in selling higher-ticket products.
Swaminathan said the decision to prioritise those launches was partly shaped by market conditions. India's benchmark Nifty 50 .NSEI is down 11.1% so far in 2026 amid foreign outflows, higher oil prices and moderating earnings growth, while MSCI’s Asia-Pacific ex-Japan index .MIAPJ0000PUS is up 18.2%.
($1 = 95.3500 Indian rupees)
(Reporting by Vivek Kumar M in Bengaluru. Editing by Mark Potter)
(([email protected];))
Repeats Tuesday's story with no changes to text
Jio BlackRock to launch first ETFs in India by August
JV targets equity ETFs as passive investing gains ground
Plans GIFT City products, shifts complex funds to distributors
By Vivek Kumar M
June 9 (Reuters) - Jio BlackRock Asset Management plans to launch its first exchange-traded funds in India by August, seeking to replicate BlackRock's global success in passive investing in a market where ETFs are still nascent.
The joint venture between Mukesh Ambani's Jio Financial Services JIOF.NS and the world's largest asset manager has amassed about 180 billion rupees ($1.9 billion) in assets under management in roughly a year since its launch by building a base in cash, debt-index and active equity funds.
It plans to start with equity-focused ETF strategies.
BlackRock oversees about $5.1 trillion in ETF assets globally, more than a third of its total assets under management, underscoring the importance of the product line to its franchise. Jio BlackRock currently ranks as India's 29th-largest asset manager.
"ETFs are a long-term play. While it is a predominantly institutional heavy market (in India), retail are starting to get more involved in ETFs. And we can see from global trends how well ETFs have been adopted as a choice for investing," Sid Swaminathan, managing director and chief executive officer of Jio BlackRock Asset Management, told Reuters.
ETF INNOVATION COULD BOOST LIQUIDITY
Passive mutual fund assets in India stood at 15.20 trillion rupees in April, or about 18.5% of the industry's 81.94 trillion rupees in average assets under management, according to data from the mutual fund industry association.
By comparison, equity index funds and ETFs account for about 45.3% of long-term mutual fund and ETF assets in the U.S.
Swaminathan said tighter bid-offer spreads and more innovative strategies could help improve liquidity and boost retail participation in Indian ETFs.
The company also plans to launch products in Gujarat International Finance Tec-City (GIFT City), India's low-tax financial hub competing with centres such as Singapore and Dubai, within the next couple of months.
COMPLEX PRODUCTS PROMPT PIVOT TO DISTRIBUTOR-LED MODEL
For more complex offerings, including special investment funds and GIFT City products, Jio BlackRock has adopted a distributor-led model rather than a digital-first approach, reflecting the continued role of advisers in selling higher-ticket products.
Swaminathan said the decision to prioritise those launches was partly shaped by market conditions. India's benchmark Nifty 50 .NSEI is down 11.1% so far in 2026 amid foreign outflows, higher oil prices and moderating earnings growth, while MSCI’s Asia-Pacific ex-Japan index .MIAPJ0000PUS is up 18.2%.
($1 = 95.3500 Indian rupees)
(Reporting by Vivek Kumar M in Bengaluru. Editing by Mark Potter)
(([email protected];))
Jio BlackRock to launch first ETFs in India by August
JV targets equity ETFs as passive investing gains ground
Plans GIFT City products, shifts complex funds to distributors
By Vivek Kumar M
June 9 (Reuters) - Jio BlackRock Asset Management plans to launch its first exchange-traded funds in India by August, seeking to replicate BlackRock's global success in passive investing in a market where ETFs are still nascent.
The joint venture between Mukesh Ambani's Jio Financial Services JIOF.NS and the world's largest asset manager has amassed about 180 billion rupees ($1.9 billion) in assets under management in roughly a year since its launch by building a base in cash, debt-index and active equity funds.
It plans to start with equity-focused ETF strategies.
BlackRock oversees about $5.1 trillion in ETF assets globally, more than a third of its total assets under management, underscoring the importance of the product line to its franchise. Jio BlackRock currently ranks as India's 29th-largest asset manager.
"ETFs are a long-term play. While it is a predominantly institutional heavy market (in India), retail are starting to get more involved in ETFs. And we can see from global trends how well ETFs have been adopted as a choice for investing," Sid Swaminathan, managing director and chief executive officer of Jio BlackRock Asset Management, told Reuters.
ETF INNOVATION COULD BOOST LIQUIDITY
Passive mutual fund assets in India stood at 15.20 trillion rupees in April, or about 18.5% of the industry's 81.94 trillion rupees in average assets under management, according to data from the mutual fund industry association.
By comparison, equity index funds and ETFs account for about 45.3% of long-term mutual fund and ETF assets in the U.S.
Swaminathan said tighter bid-offer spreads and more innovative strategies could help improve liquidity and boost retail participation in Indian ETFs.
The company also plans to launch products in Gujarat International Finance Tec-City (GIFT City), India's low-tax financial hub competing with centres such as Singapore and Dubai, within the next couple of months.
COMPLEX PRODUCTS PROMPT PIVOT TO DISTRIBUTOR-LED MODEL
For more complex offerings, including special investment funds and GIFT City products, Jio BlackRock has adopted a distributor-led model rather than a digital-first approach, reflecting the continued role of advisers in selling higher-ticket products.
Swaminathan said the decision to prioritise those launches was partly shaped by market conditions. India's benchmark Nifty 50 .NSEI is down 11.1% so far in 2026 amid foreign outflows, higher oil prices and moderating earnings growth, while MSCI’s Asia-Pacific ex-Japan index .MIAPJ0000PUS is up 18.2%.
($1 = 95.3500 Indian rupees)
(Reporting by Vivek Kumar M in Bengaluru. Editing by Mark Potter)
(([email protected];))
Jio BlackRock to launch first ETFs in India by August
JV targets equity ETFs as passive investing gains ground
Plans GIFT City products, shifts complex funds to distributors
By Vivek Kumar M
June 9 (Reuters) - Jio BlackRock Asset Management plans to launch its first exchange-traded funds in India by August, seeking to replicate BlackRock's global success in passive investing in a market where ETFs are still nascent.
The joint venture between Mukesh Ambani's Jio Financial Services JIOF.NS and the world's largest asset manager has amassed about 180 billion rupees ($1.9 billion) in assets under management in roughly a year since its launch by building a base in cash, debt-index and active equity funds.
It plans to start with equity-focused ETF strategies.
BlackRock oversees about $5.1 trillion in ETF assets globally, more than a third of its total assets under management, underscoring the importance of the product line to its franchise. Jio BlackRock currently ranks as India's 29th-largest asset manager.
"ETFs are a long-term play. While it is a predominantly institutional heavy market (in India), retail are starting to get more involved in ETFs. And we can see from global trends how well ETFs have been adopted as a choice for investing," Sid Swaminathan, managing director and chief executive officer of Jio BlackRock Asset Management, told Reuters.
ETF INNOVATION COULD BOOST LIQUIDITY
Passive mutual fund assets in India stood at 15.20 trillion rupees in April, or about 18.5% of the industry's 81.94 trillion rupees in average assets under management, according to data from the mutual fund industry association.
By comparison, equity index funds and ETFs account for about 45.3% of long-term mutual fund and ETF assets in the U.S.
Swaminathan said tighter bid-offer spreads and more innovative strategies could help improve liquidity and boost retail participation in Indian ETFs.
The company also plans to launch products in Gujarat International Finance Tec-City (GIFT City), India's low-tax financial hub competing with centres such as Singapore and Dubai, within the next couple of months.
COMPLEX PRODUCTS PROMPT PIVOT TO DISTRIBUTOR-LED MODEL
For more complex offerings, including special investment funds and GIFT City products, Jio BlackRock has adopted a distributor-led model rather than a digital-first approach, reflecting the continued role of advisers in selling higher-ticket products.
Swaminathan said the decision to prioritise those launches was partly shaped by market conditions. India's benchmark Nifty 50 .NSEI is down 11.1% so far in 2026 amid foreign outflows, higher oil prices and moderating earnings growth, while MSCI’s Asia-Pacific ex-Japan index .MIAPJ0000PUS is up 18.2%.
($1 = 95.3500 Indian rupees)
(Reporting by Vivek Kumar M in Bengaluru. Editing by Mark Potter)
(([email protected];))
May 19 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL - INVESTS 49.5 MILLION RUPEES IN JIO ALLIANZ GENERAL INSURANCE
Source text: ID:nBSEbybRyD
Further company coverage: JIOF.NS
(([email protected];;))
May 19 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL - INVESTS 49.5 MILLION RUPEES IN JIO ALLIANZ GENERAL INSURANCE
Source text: ID:nBSEbybRyD
Further company coverage: JIOF.NS
(([email protected];;))
The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Updates to add graphic.
By Katrina Hamlin
HONG KONG, May 18 (Reuters Breakingviews) - Prudential PRU.L, 2378.HK has a punchy plan to shake up its life insurance business in India: it's buying a controlling stake in Bharti Life Insurance. Tapping its new partner's telco and asset management customers is a risky alternative to the tried-and-tested model of distributing products via a bank but could be an ingenious way to kickstart growth.
The $38 billion group agreed to acquire 75% of Bharti Life from Bharti Life Ventures and 360 ONE Asset Management ONEW.NS for $389 million, it said on Sunday.
That means Prudential CEO Anil Wadhwani is doing a switcheroo: the transaction requires Pru to reduce its stake in an existing venture with ICICI Bank ICBK.NS to under 10%, from 22%, per the company. It could well go on to divest what remains, leaving Bharti as its key partner.
The Indian business is in need of a reboot. New business sales there fell 2% last year, and its ranking among private life insurers fell to fifth from third a year earlier. That was a disappointing result for what ought to be a high-growth market. The world’s most populous country has only 3% penetration in the life insurance space, Prudential reckons.
Wadhwani’s solution is a creative one. Insurers often lean on large banks like ICICI to reach potential policy buyers. But the target’s main attraction is Bharti Airtel’s BRTI.NS nearly 300 million smartphone customers in India, compared with ICICI’s roughly 80 million retail banking clients, per data from Bharti and BCG Matrix. Overlapping markets in Africa could also open up other emerging markets, while the telecom company's asset management arm could help Pru reach India’s high net worth individuals.
But making it work could be tough. JioBlackRock, a joint venture between BlackRock BLK.N and Jio Financial Services JIOF.NS, is tapping additional distributors to sell its products after trying a digital direct model that leaned on its connections to Reliance Jio, India’s largest telecoms group.
And while the deal price seems fair, it’s not a bargain, valuing the company at just over $500 million, or around 1.5 times its embedded value as of September. That’s in line with the average for rivals SBI Life Insurance SBIL.NS, HDFC Life Insurance HDFL.NS and the Life Insurance Corporation of India LIFI.NS, per Visible Alpha, and just below 1.6 times for ICICI Prudential Life Insurance ICIR.NS. Shareholders sent Pru’s stock down 2% in morning trade in Hong Kong. That's probably because Wadhwani's punt for better rewards in India comes with higher risks.
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CONTEXT NEWS
Insurer Prudential said on May 17 that it has agreed to acquire a 75% stake in Bharti Life Insurance from Bharti Life Ventures and 360 ONE Asset Management for an initial cash consideration of $389 million, with a potential additional consideration of up to $78 million, subject to certain conditions.
Prudential’s Hong Kong-listed shares fell 2.26% to HK$116.8 in morning trade on May 18.
ICICI Prudential Life Insurance's growth has slowed in recent years https://www.reuters.com/graphics/BRV-BRV/zdpxgbdybvx/chart.png
(Editing by Antony Currie; Production by Ujjaini Dutta)
((For previous columns by the author, Reuters customers can click on HAMLIN/[email protected]; Reuters Messaging: [email protected]))
The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Updates to add graphic.
By Katrina Hamlin
HONG KONG, May 18 (Reuters Breakingviews) - Prudential PRU.L, 2378.HK has a punchy plan to shake up its life insurance business in India: it's buying a controlling stake in Bharti Life Insurance. Tapping its new partner's telco and asset management customers is a risky alternative to the tried-and-tested model of distributing products via a bank but could be an ingenious way to kickstart growth.
The $38 billion group agreed to acquire 75% of Bharti Life from Bharti Life Ventures and 360 ONE Asset Management ONEW.NS for $389 million, it said on Sunday.
That means Prudential CEO Anil Wadhwani is doing a switcheroo: the transaction requires Pru to reduce its stake in an existing venture with ICICI Bank ICBK.NS to under 10%, from 22%, per the company. It could well go on to divest what remains, leaving Bharti as its key partner.
The Indian business is in need of a reboot. New business sales there fell 2% last year, and its ranking among private life insurers fell to fifth from third a year earlier. That was a disappointing result for what ought to be a high-growth market. The world’s most populous country has only 3% penetration in the life insurance space, Prudential reckons.
Wadhwani’s solution is a creative one. Insurers often lean on large banks like ICICI to reach potential policy buyers. But the target’s main attraction is Bharti Airtel’s BRTI.NS nearly 300 million smartphone customers in India, compared with ICICI’s roughly 80 million retail banking clients, per data from Bharti and BCG Matrix. Overlapping markets in Africa could also open up other emerging markets, while the telecom company's asset management arm could help Pru reach India’s high net worth individuals.
But making it work could be tough. JioBlackRock, a joint venture between BlackRock BLK.N and Jio Financial Services JIOF.NS, is tapping additional distributors to sell its products after trying a digital direct model that leaned on its connections to Reliance Jio, India’s largest telecoms group.
And while the deal price seems fair, it’s not a bargain, valuing the company at just over $500 million, or around 1.5 times its embedded value as of September. That’s in line with the average for rivals SBI Life Insurance SBIL.NS, HDFC Life Insurance HDFL.NS and the Life Insurance Corporation of India LIFI.NS, per Visible Alpha, and just below 1.6 times for ICICI Prudential Life Insurance ICIR.NS. Shareholders sent Pru’s stock down 2% in morning trade in Hong Kong. That's probably because Wadhwani's punt for better rewards in India comes with higher risks.
Follow Katrina Hamlin on Bluesky and Linkedin.
CONTEXT NEWS
Insurer Prudential said on May 17 that it has agreed to acquire a 75% stake in Bharti Life Insurance from Bharti Life Ventures and 360 ONE Asset Management for an initial cash consideration of $389 million, with a potential additional consideration of up to $78 million, subject to certain conditions.
Prudential’s Hong Kong-listed shares fell 2.26% to HK$116.8 in morning trade on May 18.
ICICI Prudential Life Insurance's growth has slowed in recent years https://www.reuters.com/graphics/BRV-BRV/zdpxgbdybvx/chart.png
(Editing by Antony Currie; Production by Ujjaini Dutta)
((For previous columns by the author, Reuters customers can click on HAMLIN/[email protected]; Reuters Messaging: [email protected]))
May 14 (Reuters) - Jio Financial Services Ltd JIOF.NS:
GOLDMAN SACHS BANK EUROPE SE SELLS 2.7 MILLION SHARES IN JIO FINANCIAL VIA BLOCK DEAL ON NSE, MORGAN STANLEY ASIA BUYS STAKE - EXCHANGE DATA
Further company coverage: JIOF.NS
(([email protected];))
May 14 (Reuters) - Jio Financial Services Ltd JIOF.NS:
GOLDMAN SACHS BANK EUROPE SE SELLS 2.7 MILLION SHARES IN JIO FINANCIAL VIA BLOCK DEAL ON NSE, MORGAN STANLEY ASIA BUYS STAKE - EXCHANGE DATA
Further company coverage: JIOF.NS
(([email protected];))
May 13 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL - CO AND ALLIANZ INCORPORATE JIO ALLIANZ GENERAL INSURANCE LIMITED JOINT VENTURE
JIO FINANCIAL - TO INVEST 49.5 MILLION RUPEES FOR 50% STAKE IN JAGIL
Source text: ID:nBSEbdqFf2
Further company coverage: JIOF.NS
(([email protected];))
May 13 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL - CO AND ALLIANZ INCORPORATE JIO ALLIANZ GENERAL INSURANCE LIMITED JOINT VENTURE
JIO FINANCIAL - TO INVEST 49.5 MILLION RUPEES FOR 50% STAKE IN JAGIL
Source text: ID:nBSEbdqFf2
Further company coverage: JIOF.NS
(([email protected];))
May 6 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL - SUBSCRIBES TO 300 MILLION JIO FINANCE PLATFORM AND SERVICE SHARES FOR 3 BILLION RUPEES
Source text: ID:nBSE3LkYc3
Further company coverage: JIOF.NS
(([email protected];;))
May 6 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL - SUBSCRIBES TO 300 MILLION JIO FINANCE PLATFORM AND SERVICE SHARES FOR 3 BILLION RUPEES
Source text: ID:nBSE3LkYc3
Further company coverage: JIOF.NS
(([email protected];;))
April 28 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO CREDIT: APPROVED RAISING 35 BILLION RUPEES THROUGH RIGHTS ISSUE
Source text: ID:nBSE72wFXs
Further company coverage: JIOF.NS
(([email protected];))
April 28 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO CREDIT: APPROVED RAISING 35 BILLION RUPEES THROUGH RIGHTS ISSUE
Source text: ID:nBSE72wFXs
Further company coverage: JIOF.NS
(([email protected];))
- Allianz agreed to form a 50:50 primary insurance joint venture with Jio Financial Services to target India general insurance and health insurance markets.
- Operations will start once statutory and regulatory approvals are secured.
- Agreement formalizes partnership first announced in July 2025.
- Companies are also working toward a separate binding agreement covering life insurance in India.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Allianz SE published the original content used to generate this news brief on April 22, 2026, and is solely responsible for the information contained therein.
- Allianz agreed to form a 50:50 primary insurance joint venture with Jio Financial Services to target India general insurance and health insurance markets.
- Operations will start once statutory and regulatory approvals are secured.
- Agreement formalizes partnership first announced in July 2025.
- Companies are also working toward a separate binding agreement covering life insurance in India.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Allianz SE published the original content used to generate this news brief on April 22, 2026, and is solely responsible for the information contained therein.
April 17 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL SERVICES Q4 CONSOL PROFIT 2.72 BILLION RUPEES
JIO FINANCIAL SERVICES Q4 CONSOL TOTAL REV FROM OPS 10.19 BLN RUPEES
JIO FINANCIAL - APPOINTMENT OF ANNAPOORNA VENKATARAMANAN AS A GROUP CHIEF FINANCIAL OFFICER
DECLARES DIVIDEND OF 0.60 RUPEES PER SHARE
ACCEPTED REQUEST OF ABHISHEK HARIDAS PATHAK TO RELEASE HIM FROM THE POSITION OF GROUP CHIEF FINANCIAL OFFICER
ABHISHEK HARIDAS PATHAK TO STEP DOWN FROM POSITION OF GROUP CFO
Further company coverage: JIOF.NS
(([email protected];))
April 17 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL SERVICES Q4 CONSOL PROFIT 2.72 BILLION RUPEES
JIO FINANCIAL SERVICES Q4 CONSOL TOTAL REV FROM OPS 10.19 BLN RUPEES
JIO FINANCIAL - APPOINTMENT OF ANNAPOORNA VENKATARAMANAN AS A GROUP CHIEF FINANCIAL OFFICER
DECLARES DIVIDEND OF 0.60 RUPEES PER SHARE
ACCEPTED REQUEST OF ABHISHEK HARIDAS PATHAK TO RELEASE HIM FROM THE POSITION OF GROUP CHIEF FINANCIAL OFFICER
ABHISHEK HARIDAS PATHAK TO STEP DOWN FROM POSITION OF GROUP CFO
Further company coverage: JIOF.NS
(([email protected];))
- Allianz and Jio Financial Services launched a reinsurance joint venture, Allianz Jio Re, to underwrite reinsurance in India.
- Allianz is participating through its wholly owned subsidiary Allianz Europe.
- The venture received final approval from India’s insurance regulator IRDAI on March 12, 2026.
- Allianz Jio Re is headquartered in Mumbai and is led by Chief Executive Officer Sonia Rawal.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Allianz SE published the original content used to generate this news brief on March 26, 2026, and is solely responsible for the information contained therein.
- Allianz and Jio Financial Services launched a reinsurance joint venture, Allianz Jio Re, to underwrite reinsurance in India.
- Allianz is participating through its wholly owned subsidiary Allianz Europe.
- The venture received final approval from India’s insurance regulator IRDAI on March 12, 2026.
- Allianz Jio Re is headquartered in Mumbai and is led by Chief Executive Officer Sonia Rawal.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Allianz SE published the original content used to generate this news brief on March 26, 2026, and is solely responsible for the information contained therein.
March 17 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO PAYMENTS BANK INTRODUCES UPI-BASED CASH WITHDRAWAL SERVICES
Source text: ID:nBSE7J0N7b
Further company coverage: JIOF.NS
(([email protected];))
March 17 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO PAYMENTS BANK INTRODUCES UPI-BASED CASH WITHDRAWAL SERVICES
Source text: ID:nBSE7J0N7b
Further company coverage: JIOF.NS
(([email protected];))
March 13 (Reuters) - Jio Financial Services Ltd JIOF.NS:
GRANT OF CERTIFICATE OF REGISTRATION BY IRDAI TO ALLIANZ JIO REINSURANCE
CERTIFICATE TO ALLIANZ JIO REINSURANCE TO COMMENCE BUSINESS AS REINSURANCE CO
Source text: ID:nBSEbtcxQw
Further company coverage: JIOF.NS
(([email protected];))
March 13 (Reuters) - Jio Financial Services Ltd JIOF.NS:
GRANT OF CERTIFICATE OF REGISTRATION BY IRDAI TO ALLIANZ JIO REINSURANCE
CERTIFICATE TO ALLIANZ JIO REINSURANCE TO COMMENCE BUSINESS AS REINSURANCE CO
Source text: ID:nBSEbtcxQw
Further company coverage: JIOF.NS
(([email protected];))
Feb 26 (Reuters) - Jio Financial Services Ltd JIOF.NS:
CO ALLOTTED SHARES WORTH 20 BILLION RUPEES OF SUBSIDIARY JIO CREDIT
Source text: ID:nBSE8jFL4N
Further company coverage: JIOF.NS
(([email protected];;))
Feb 26 (Reuters) - Jio Financial Services Ltd JIOF.NS:
CO ALLOTTED SHARES WORTH 20 BILLION RUPEES OF SUBSIDIARY JIO CREDIT
Source text: ID:nBSE8jFL4N
Further company coverage: JIOF.NS
(([email protected];;))
Feb 17 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL - S. ANANTHARAMAN RESIGNS AS GROUP CHIEF RISK OFFICER
JIO FINANCIAL - APPROVED APPOINTMENT OF SANDEEP KHETAN AS A GROUP CHIEF RISK OFFICER
Source text: ID:nNSE7xgPVL
Further company coverage: JIOF.NS
(([email protected];))
Feb 17 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL - S. ANANTHARAMAN RESIGNS AS GROUP CHIEF RISK OFFICER
JIO FINANCIAL - APPROVED APPOINTMENT OF SANDEEP KHETAN AS A GROUP CHIEF RISK OFFICER
Source text: ID:nNSE7xgPVL
Further company coverage: JIOF.NS
(([email protected];))
Feb 11 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIOFINANCE APP INTRODUCES PLATFORM FOR FIXED DEPOSITS OFFERED BY DIVERSE SET OF BANKS AND NBFCS
Source text: ID:nnAZN4SFZD8
Further company coverage: JIOF.NS
(([email protected];))
Feb 11 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIOFINANCE APP INTRODUCES PLATFORM FOR FIXED DEPOSITS OFFERED BY DIVERSE SET OF BANKS AND NBFCS
Source text: ID:nnAZN4SFZD8
Further company coverage: JIOF.NS
(([email protected];))
Jan 15 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL SERVICES Q3 CONSOL PROFIT 2.69 BILLION RUPEES
JIO FINANCIAL SERVICES Q3 CONSOL TOTAL REV FROM OPS 9.01 BLN RUPEES
Further company coverage: JIOF.NS
(([email protected];))
Jan 15 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL SERVICES Q3 CONSOL PROFIT 2.69 BILLION RUPEES
JIO FINANCIAL SERVICES Q3 CONSOL TOTAL REV FROM OPS 9.01 BLN RUPEES
Further company coverage: JIOF.NS
(([email protected];))
Dec 31 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO LEASING SERVICES SUBSCRIBES TO 46 MILLION OCPS OF RELIANCE INTERNATIONAL LEASING IFSC
INVESTMENT OF 460 MILLION RUPEES TO FUND RILIPL OPERATIONS
Source text: ID:nBSE1DxkLb
Further company coverage: JIOF.NS
(([email protected];))
Dec 31 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO LEASING SERVICES SUBSCRIBES TO 46 MILLION OCPS OF RELIANCE INTERNATIONAL LEASING IFSC
INVESTMENT OF 460 MILLION RUPEES TO FUND RILIPL OPERATIONS
Source text: ID:nBSE1DxkLb
Further company coverage: JIOF.NS
(([email protected];))
Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL - JIO LEASING SUBSCRIBES TO 45 MILLION OCPS OF RELIANCE INTERNATIONAL LEASING IFSC WITH TOTAL INVESTMENT 1.67 BILLION RUPEES
Source text: ID:nBSE3zn1Bc
Further company coverage: JIOF.NS
Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL - JIO LEASING SUBSCRIBES TO 45 MILLION OCPS OF RELIANCE INTERNATIONAL LEASING IFSC WITH TOTAL INVESTMENT 1.67 BILLION RUPEES
Source text: ID:nBSE3zn1Bc
Further company coverage: JIOF.NS
Oct 13 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO PAYMENTS BANK WINS CONTRACT FOR MLFF TOLL SYSTEM
Source text: ID:nBSE7YZBP1
Further company coverage: JIOF.NS
(([email protected];))
Oct 13 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO PAYMENTS BANK WINS CONTRACT FOR MLFF TOLL SYSTEM
Source text: ID:nBSE7YZBP1
Further company coverage: JIOF.NS
(([email protected];))
MUMBAI, Oct 7 (Reuters) - India's Jio Credit plans to raise 5 billion rupees ($56.4 million) by selling bonds maturing in two years, bankers said on Tuesday.
The company will pay an annual coupon of 7.05% and has invited bids from bankers and investors on Thursday, they said.
Jio Credit, formerly know known as Jio Finance, is a wholly-owned subsidiary of Indian billionaire Mukesh Ambani's Jio Financial Services.
Jio Credit did not immediately reply to a Reuters email for comment.
Here is the list of deals reported so far on October 7:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Jio Credit | 2 years | 7.05 | 5 | October 9 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 88.7220 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
MUMBAI, Oct 7 (Reuters) - India's Jio Credit plans to raise 5 billion rupees ($56.4 million) by selling bonds maturing in two years, bankers said on Tuesday.
The company will pay an annual coupon of 7.05% and has invited bids from bankers and investors on Thursday, they said.
Jio Credit, formerly know known as Jio Finance, is a wholly-owned subsidiary of Indian billionaire Mukesh Ambani's Jio Financial Services.
Jio Credit did not immediately reply to a Reuters email for comment.
Here is the list of deals reported so far on October 7:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Jio Credit | 2 years | 7.05 | 5 | October 9 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 88.7220 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
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What does JIO Financial Serv. do?
Jio Financial Services (JFSL) is a new-age institution providing full-stack financial services to customers, enabling them to borrow, transact, save and invest seamlessly. Its digital-first model aims to ensure the holistic financial well-being of Indian citizens. Through the JioFinance app, JFSL provides a range of services including loans, savings accounts, UPI bill payments, recharges, digital insurance, financial tracking and management tools and more.
Who are the competitors of JIO Financial Serv.?
JIO Financial Serv. major competitors are Chola Invest & Fin., Muthoot Finance, Power Finance Corpn., Indian Railway Fin., REC, L&T Finance, SBI Cards & Payment. Market Cap of JIO Financial Serv. is ₹1,39,987 Crs. While the median market cap of its peers are ₹1,00,693 Crs.
Is JIO Financial Serv. financially stable compared to its competitors?
JIO Financial Serv. seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does JIO Financial Serv. pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. JIO Financial Serv. latest dividend payout ratio is 24.42% and 3yr average dividend payout ratio is 22.06%
How strong is JIO Financial Serv. balance sheet?
Latest balance sheet of JIO Financial Serv. is strong. Strength was visible historically as well.
Is the profitablity of JIO Financial Serv. improving?
The profit is oscillating. The profit of JIO Financial Serv. is ₹1,794 Crs for TTM, ₹1,561 Crs for Mar 2026 and ₹1,613 Crs for Mar 2025.
Is JIO Financial Serv. stock expensive?
JIO Financial Serv. is not expensive. Latest PE of JIO Financial Serv. is 67.74 while 3 year average PE is 91.34. Also latest Price to Book of JIO Financial Serv. is 1.05 while 3yr average is 1.41.
Has the share price of JIO Financial Serv. grown faster than its competition?
JIO Financial Serv. has given lower returns compared to its competitors. JIO Financial Serv. has grown at ~-1.34% over the last 3yrs while peers have grown at a median rate of 14.58%
Is the promoter bullish about JIO Financial Serv.?
Promoters seem to be bullish about the company. Latest quarter promoter holding is 49.13% and last quarter promoter holding is 47.12%.
Are mutual funds buying/selling JIO Financial Serv.?
The mutual fund holding of JIO Financial Serv. is decreasing. The current mutual fund holding in JIO Financial Serv. is 4.95% while previous quarter holding is 5.97%.