NEW DELHI – Jio BlackRock Mutual Fund has hit a major milestone, crossing the 10 lakh (1 million) investor mark just months after starting its operations. Interestingly, the fund house is successfully drawing in people who have never invested before with 18% of its users being first-time mutual fund investors.
Speaking to reporters on Tuesday, 20 January 2026, Sid Swaminathan, MD and CEO of Jio BlackRock Asset Management, shared that the company now manages over Rs. 13,700 crore in assets. The current portfolio is split with 30% in equities and 70% in fixed income and cash.
Breaking into Smaller Cities
The joint venture between Jio Financial Services and BlackRock is proving to be a big hit outside major metros. While the industry average for retail participation from "B-30" cities (cities beyond the top 30) sits at 28%, Jio BlackRock has seen a much higher 40% participation from these areas.
Swaminathan credited this success to the company's "digital-first" approach and its heavy focus on teaching people how to invest through the Jio ecosystem.
Also read: How Are Mutual Funds Taxed? Are Equity Funds Tax-Free?
What’s Next for 2026?
Jio BlackRock is moving fast to expand its product lineup. Here is what investors can expect soon:
- New "Sector Rotation" Fund: A new fund offer (NFO) called the JioBlackRock Sector Rotation Fund will open on January 27 and run until February 9. This fund will automatically move investments between different sectors based on market trends.
- Global Investing: The company is setting up shop in GIFT City to help Indian investors put money into international markets and allow global investors to invest back into India.
- More Choices: Keep an eye out for new Exchange Traded Funds (ETFs) and Specialized Investment Funds (SIFs) later this year.
The fund house also recently launched "ProFolios," which are pre-made investment mixes curated by experts using BlackRock’s world-famous Aladdin technology to help simplify the process for everyday savers.
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