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

Dharavi Reimagined Rs 957.9 Billion Makeover

Construction World got a sneak peek at the plan submitted and approved by the Maharashtra Government a few days ago. Here are a few insights from the plan. When we spoke to SVR Srinivas, CEO of the Dharavi Redevelopment Project, last month, the plans were still under wraps. Today, with the development blueprint in hand, the vision is beginning to take shape—with timelines, phases, and goals now clearly defined. Imagine Dharavi in 2031 — no longer a crowded slum but a thriving, green, and modern community with wide walkways, clean parks, and fast metro connections. This dream is becomi..

Next Story
Real Estate

Tall Expectations

Mumbai’s World Trade Centre Tower 1, completed in 1970, marked the start of tall building construction in India, going by the Council on Tall Buildings & Urban Habitat’s definition of tall buildings as structures with a height of at least 150 m. More than half a century later, the country has barely 273 tall buildings by the same definition, according to the CBRE report Sky is the Limit: Rise of Tall Buildings in India.Mumbai remains the centre of tall building construction in India, notes Sailesh Mahimtura, Chairman & Managing Director, Mahimtura Consultants, a fact corrobora..

Next Story
Real Estate

Cool Office

In a city clogged by traffic and long commutes, WoCO One emerges as a sustainable, commuter-friendly workplace. Spread across 3.6 acre, WoCO One (World of Cool Offices) reimagines the modern office for today’s workforce. More than just a place to work, it nurtures wellbeing and collaboration through open, airy layouts, cafés, lush verandas and multifunctional terraces designed to inspire and refresh.“Gurugram is moving towards sustainability and the walk-to-work model aligns seamlessly with that shift,” says Gagan Deep Singh, Founder Director, WoCO...To read read the full story Cli..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?