Jio BlackRock Gets Approval to Start Mutual Fund Business in India

Jio BlackRock gets approval to start mutual fund business in India

MUMBAI (Reuters) -Billionaire Mukesh Ambani-led Reliance Group and U.S.-based BlackRock have received approval from India’s markets regulator to start operations for their mutual fund business, the Indian company said on Tuesday. Jio Financial Services, a part of the Reliance Group, had in July 2023 announced the formation of a 50:50 joint venture with the world’s largest asset manager to launch asset management services in India. The JV, Jio Bl…

Jio BlackRock’s SEBI Approval: A New Era for Mutual Funds in India

On May 26, 2025, Jio BlackRock Mutual Fund received its certificate of registration from the Securities and Exchange Board of India (SEBI), with Jio BlackRock Asset Management Private Limited approved as the Asset Management Company (AMC). This landmark approval for the 50:50 joint venture between Jio Financial Services (JFSL) and BlackRock marks a transformative moment for India’s ₹70-trillion mutual fund industry, introducing innovative, digit…

JioBlackRock Gets the Green Light to Commence Business.

In a move that could reshape the contours of India’s asset management industry, JioBlackRock has received the regulatory go-ahead to commence operations. The joint venture between Reliance Industries’ Jio Financial Services and global investment giant BlackRock signals not just the entry of another player into the mutual fund space, but the arrival of a formidable force built on deep capital, cutting-edge technology, and vast distribution networ…

Jio BlackRock secures approval to launch mutual fund business in India

Jio BlackRock Asset Management has secured approval from the Securities and Exchange Board of India (SEBI) to initiate its mutual fund operations in India. This development allows the firm to operate as an investment manager, targeting both retail and institutional investors within the Indian market. In 2023, BlackRock and JFSL announced a 50:50 joint venture (JV), Jio BlackRock, leveraging the strengths and brands of both companies. The company…

JioBlackRock Asset Management Gets SEBI Nod to Launch Mutual Fund Business in India

Sid Swaminathan Appointed as MD & CEO of New Asset Management Joint Venture Mumbai, May 28, 2025 — In a significant development for India’s financial services landscape, Jio BlackRock Asset Management Private Limited—a 50:50 joint venture between Jio Financial Services Limited (JFSL) and BlackRock—has received regulatory approval from the Securities and Exchange Board of India (SEBI) to commence its mutual fund operations in the country. This mo…

Jio BlackRock Mutual Fund Gets SEBI Clearance; Sid Swaminathan Becomes First CEO

Jio BlackRock Mutual Fund Gets SEBI Clearance; Sid Swaminathan Becomes First CEO The Securities and Exchange Board of India (SEBI) has officially granted a certificate of registration to Jio BlackRock Asset Management Private Limited, enabling the 50:50 joint venture between Jio Financial Services Limited (JFSL) and BlackRock to commence mutual fund operations in India. The […]