JioBlackRock Mutual Fund files draft documents with Sebi to launch its first 2 debt schemes

JioBlackRock Mutual Fund has filed draft documents with SEBI for two debt funds — a liquid fund and a money market fund.JioBlackRock Liquid Fund.JioBlackRock Liquid Fund will be an open-ended liquid scheme with relatively low interest rate risk and relatively low credit risk. The scheme will be benchmarked against the Nifty Liquid Index A-I.The investment objective of the scheme is to generate regular income through investment in a portfolio comprising money market and debt instruments with residual maturity of up to 91 days.It is suitable for investors seeking regular income over a short-term investment horizon and aiming to generate returns by investing in money market and debt instruments with a maturity of up to 91 days.It is suitable for investors seeking regular income over a short-term investment horizon and aiming to generate returns by investing in money market and debt instruments with a maturity of up to 91 days.The scheme will offer only a direct plan, and the plan shall offer only a growth option. The minimum application amount for lumpsum investment will be Rs 500 and any amount thereafter. The minimum amount for switch-in to the scheme will be Rs 500, and any amount thereafter. The minimum amount for a Systematic Investment Plan (SIP) will be Rs 500 and in multiples of Re 1 thereafter.The scheme will allocate 0–100% in debt instruments and money market instruments with residual maturity up to 91 days and will be managed by Arun Ramachandran, Vikrant Mehta, and Siddharth Deb.JioBlackRock Money Market FundJioBlackRock Money Market Fund will be an open-ended debt scheme, investing in money market instruments, with relatively low interest rate risk and moderate credit risk.The investment objective of the scheme is to generate regular income by investing in a portfolio of money market instruments with a residual maturity of up to one year.The scheme will be benchmarked against the Nifty Money Market Index A-I. The minimum application amount for lump sum investments will be Rs 500 and any amount thereafter. The minimum amount for switch-in transactions will also be Rs 500 and any amount thereafter. For Systematic Investment Plans (SIPs), the minimum contribution will be Rs 500 and in multiples of Re 1 thereafter.The scheme will allocate 0–100% of its assets to money market instruments with a residual maturity of up to one year. It will be jointly managed by Vikrant Mehta, Arun Ramachandran, and Siddharth Deb.This scheme is suitable for investors seeking regular income over a short-term horizon and looking to invest in low-risk money market instruments.

-Economic Times,13th June,2025

Data storage norm splits digital payments industry

Data storage norm splits digital payments industry India’s nascent digital payment industry could be thrown into disarray due to the demand by the Reserve Bank of India (RBI) that all user data be stored within the country, fears an industry grouping, which has termed the decision as “heavy-handed”, even as others, including the country’s largest digital payment provider Paytm, have hailed the move. In a bid to narrow the growing schism, the industry is planning to send a formal representation to the regulator highlighting its concerns, a top official told ET. “We are trying to build a consensus on the issue," said the person adding that the representation to the central bank will be ready this week. RBI on April 6, mandated all payment companies—global and local—to set up data storage facilities within India by October. The stringent six-month deadline has attracted the ire of several sections of the industry that fear it will lead to a disruption of wel...

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Sebi to finalise options in commodities today

The Commodity Derivatives Advisory Committee of the Securities and Exchange Board of India ( Sebi) will meet on Friday with senior officials of the latter, to give a final shape to the rules on options trading in commodity futures, beside revising the warehousing norms to ensure good delivery on settlement. The decision taken, after discussing with the advisory committee, will be placed before the regulator’s board, to finalise the regulations. According to knowledgeable sources, three commodities in each segment, agricultural and non- agricultural, have been proposed for introducing options. It appears commodities from the soya and guar segments are preferred in the former. From the non- agri segment, it is likely that gold, silver and crude oil will be finalised. All these These have better liquidity and both the National Commodity and Derivatives Exchange and the Multi Commodity Exchange, respectively, will be able to introduce the options. In the equity segments, options ar...

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