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.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code