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3mo ago

SEBI Greenlights Jio BlackRock Asset Management to Launch Mutual Funds

The joint venture will use BlackRock’s Aladdin risk-management platform with Jio’s digital infrastructure to introduce competitive, data-driven mutual funds into India’s rapidly growing market.

People stand next to a logo of Jio Financial Services ahead of its listing ceremony at the Bombay Stock Exchange in Mumbai, India, August 21, 2023. REUTERS/Francis Mascarenhas/ File Photo
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Jio Financial shares climb 6% in 2 days as JioBlackRock JV gets nod for MF biz; what's next?

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.