Overview
- SEBI granted a certificate of registration on May 26, 2025, enabling Jio BlackRock Asset Management Private Limited to operate as the asset manager for its mutual fund business.
- The 50:50 joint venture between Jio Financial Services and BlackRock attracted a combined investment of Rs 117 crore equally funded by both partners.
- Sid Swaminathan, formerly head of international index equity and European fixed-income strategies at BlackRock, has been appointed managing director and CEO of the new asset manager.
- Jio BlackRock plans to roll out digital-first, institutional-grade mutual funds at competitive pricing, leveraging Jio’s local market insights alongside BlackRock’s Aladdin platform.
- The launch coincides with India’s mutual fund industry reaching a record Rs 65.74 lakh crore in assets under management in FY25, driven by rising digital adoption and investor participation.