Jio BlackRock Mutual Fund receives SEBI approval to begin operations

The Securities and Exchange Board of India (SEBI) has granted final approval to Jio BlackRock Mutual Fund, a joint venture between Jio Financial Services and BlackRock.

In a letter dated May 26, 2025, SEBI issued a certificate of registration to Jio BlackRock Mutual Fund. The regulator also approved Jio BlackRock Asset Management Private Limited to act as the Asset Management Company (AMC) for the mutual fund.

Jio Financial Services informed the stock exchanges that it received SEBI’s approval letter on May 26 around 3:15 pm.

This marks a key milestone for the venture, which was first announced on July 26, 2023, when Jio Financial Services and BlackRock announced plans to enter India’s asset management industry.

SEBI had earlier granted in-principle approval on October 4, 2024.

The two partners incorporated Jio BlackRock Asset Management Private Limited and Jio BlackRock Trustee Private Limited on October 28, 2024, to carry out mutual fund operations, subject to regulatory clearances.

The company disclosed the latest update under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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