JioBlackRock Asset Management gets SEBI approval, to soon launch mutual funds business in India

JioBlackRock Asset Management Private Limited, a 50:50 joint venture between Jio Financial Services Limited (JFSL) and global investment giant BlackRock, has received regulatory approval from the Securities and Exchange Board of India (SEBI) to launch its mutual fund operations in India.

The company aims to introduce a digital-first investment platform offering a range of innovative, competitively priced mutual fund products to both retail and institutional investors. Leveraging Jio’s massive digital footprint and BlackRock’s global investment and risk management expertise—especially through its proprietary Aladdin platform—JioBlackRock is positioning itself as a transformative player in the Indian asset management space.

Sid Swaminathan, who previously managed over $1.25 trillion in assets at BlackRock, has been appointed as the Managing Director and CEO of the venture. He brings over 20 years of experience and will lead efforts to develop data-driven, performance-focused products.

Commenting on the development, Isha Ambani, Non-Executive Director of JFSL, said, “This partnership brings together Jio’s digital innovation with BlackRock’s investment leadership to make investing simple, accessible, and inclusive.”

Rachel Lord, Head of International at BlackRock, added, “India’s asset management opportunity is tremendous. With this JV, we aim to help the country transition from a nation of savers to a nation of investors.”

JioBlackRock Asset Management plans to launch its first set of products in the coming months, targeting India’s fast-evolving financial ecosystem.

[ad_1]

_{Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.}

[ad_2]