Jio BlackRock Mutual Fund India: EBI has given a piece of very good news to Mukesh Ambani’s company, Jio Financial Services Limited, and BlackRock’s joint venture, JioBlackRock Asset Management Private Limited. JioBlackRock has got SEBI’s approval for mutual fund business in India.
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Jio BlackRock Mutual Fund India
With this approval, the company will soon enter the Indian mutual fund market. Meanwhile, there was a rush to buy the shares of Jio Financial Services Limited. The stock rose by more than 3 % on the second trading day of the week.
Sid Swaminathan has been appointed as the Managing Director and Chief Executive Officer (CEO) of GeoBlackRock. Sid Swaminathan, a former head of International Index Equity at BlackRock, has managed assets worth $1.25 trillion.
Jio BlackRock Mutual Fund India: Earlier SEBI Approval
Earlier, the joint venture between Jio Financial Services and BlackRock received in-principle approval from the market regulator, SEBI, for entry into the mutual fund sector in India. Both companies will work as co-sponsors for the mutual fund.
Jio BlackRock: Jio BlackRock Asset Management Private Limited is a 50:50 joint venture between Jio Financial Services Limited (JFSL) and BlackRock. SEBI on Tuesday (May 27) approved Jio BlackRock to commence operations as an investment manager for its mutual fund business in India.
Isha Ambani Statement On Jio BlackRock Mutual Fund India
Isha Ambani, Non-Executive Director, Jio Financial Services Limited, said – BlackRock has global investment expertise and Jio has digital-first innovation; our partnership with BlackRock is a strong partnership.
Together, we are committed to making investing simple, accessible and inclusive for every Indian.
I am confident that JioBlackRock Asset Management will play a key role in shaping the future of financial empowerment in India. At the same time, Rachel Lord, International Head at BlackRock, said that GeoBlackRock will help more people in India access the capital markets by providing institutional-quality products at low cost directly to investors.
Both Companies’ Joint Statement
“Key differentiators of Jio BlackRock Asset Management’s offering to all investors will include competitive and transparent pricing and innovative products supported by the application of BlackRock’s pre-eminent risk management expertise,” the company said.
This includes Aladdin and BlackRock’s globally popular technology platform, which connects the investment management process through a common data language. This offering for retail investors will also be special for its digital-first customer proposition.
Media Release – JioBlackRock Asset Management receives SEBI approval for mutual funds business
— Reliance Industries Limited (@RIL_Updates) May 27, 2025
Sid Swaminathan appointed as MD & CEO of the new asset management company
Jio BlackRock Asset Management Private Limited (JioBlackRock Asset Management), a 50:50 joint venture between… pic.twitter.com/94bfhABZzh
Jio Financial Share Performance
Amidst this news, Jio Financial’s stock saw a huge jump on Tuesday and its price crossed Rs 290. The stock rose by more than 3 per cent compared to the previous day. On March 3, 2025, the stock was at Rs 198. This is the 52-week low of the stock. Last year, the stock was at Rs 368.75. This is the 52-week high of the stock.
Jio’s entry into the mutual fund sector is likely to further increase competition in the mutual fund industry, which has assets under management (AUM) of more than Rs 66 lakh crore. Both companies had partnered for the mutual fund business in July 2023.
Jay Chavda He is the Founder and Writer of businesspulsecare.com. He is an I.T Engineer, Freelancer, Businessman. He posts Business, Stock/Share Market, Finance Related News and updates on the website. 🔗