+
Jio-BlackRock Gets SEBI Nod for Mutual Fund Launch
ECONOMY & POLICY

Jio-BlackRock Gets SEBI Nod for Mutual Fund Launch

Jio BlackRock Asset Management, a 50:50 joint venture between Jio Financial Services and global investment firm BlackRock, has received approval from the Securities and Exchange Board of India (SEBI) to commence operations as an investment manager for mutual funds in India.

The partnership aims to leverage Jio's extensive digital infrastructure and BlackRock's global investment expertise to offer a range of investment products tailored for both retail and institutional investors. A key differentiator will be the use of BlackRock's Aladdin platform, a renowned risk management and investment system, to provide data-driven investment solutions.

Sid Swaminathan, formerly Head of International Index Equity at BlackRock, has been appointed as the Managing Director and CEO of the new venture. The joint venture plans to adopt a digital-first approach, aiming to make investing more accessible and cost-effective for a broader segment of the Indian population.

This development marks a significant milestone in India's asset management industry, which currently comprises 44 asset management companies overseeing assets worth approximately ₹69.5 trillion. The entry of Jio BlackRock is expected to intensify competition and drive innovation in the sector.

Jio BlackRock Asset Management, a 50:50 joint venture between Jio Financial Services and global investment firm BlackRock, has received approval from the Securities and Exchange Board of India (SEBI) to commence operations as an investment manager for mutual funds in India.The partnership aims to leverage Jio's extensive digital infrastructure and BlackRock's global investment expertise to offer a range of investment products tailored for both retail and institutional investors. A key differentiator will be the use of BlackRock's Aladdin platform, a renowned risk management and investment system, to provide data-driven investment solutions.Sid Swaminathan, formerly Head of International Index Equity at BlackRock, has been appointed as the Managing Director and CEO of the new venture. The joint venture plans to adopt a digital-first approach, aiming to make investing more accessible and cost-effective for a broader segment of the Indian population.This development marks a significant milestone in India's asset management industry, which currently comprises 44 asset management companies overseeing assets worth approximately ₹69.5 trillion. The entry of Jio BlackRock is expected to intensify competition and drive innovation in the sector.

Next Story
Real Estate

Omaxe to Develop 450-Acre Township in Indore’s Super Corridor

Omaxe has announced a major expansion in Madhya Pradesh with the acquisition of 450 acres along Indore’s Super Corridor for a modern integrated township. The company will invest Rs 12 billion in the multi-phase project, which is expected to generate Rs 25 billion in revenue over three years.  The development will include residential clusters, commercial and retail zones, schools, healthcare facilities, parks, and green mobility infrastructure. The township aims to support the region’s urban growth and rising infrastructure demand, especially with metro connectivity and major road..

Next Story
Infrastructure Energy

India’s First CBG Plant with Steel Pipeline Integration Launched

CEID Consultants and Engineering has successfully commissioned India’s first Compressed Biogas (CBG) plant integrated via a steel pipeline into a City Gas Distribution (CGD) network. Located in Batala, Gurdaspur (Punjab), the MEPL Bio-energy facility now directly supplies CBG into Gujarat Gas’ grid, eliminating the need for cylinder-based cascade transport and significantly lowering logistics costs. This breakthrough comes after CEID’s earlier deployment of MDPE pipeline offtake at the same plant. The steel pipeline marks a new industry benchmark, enabling continuous, real-time and ..

Next Story
Real Estate

Mittal Builders Plans Landmark Township to Transform Naigaon

Mittal Builders has unveiled a bold urban vision to transform Naigaon into a landmark micro-market in western Mumbai, with plans to unlock 6.5 million sq. ft. of development potential across a 70-acre land parcel. The long-term multi-phase plan has an estimated gross development value (GDV) of over Rs 80 billion. As part of this initiative, Mittal Builders has signed a joint development agreement with The House of Abhinandan Lodha (HoABL) to co-develop a 3 million sq. ft. integrated township, comprising over 4,600 apartments and high-street retail. With a planned investment of Rs 20 billi..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?