Jio BlackRock Receives SEBI Approval to Launch Mutual Fund Business in India, Appoints Sid Swaminathan as CEO

In this news coverage, you will uncover the truth about Jio Blackrock Mutual Fund's entry.

The Jio BlackRock Asset Management Company, a 50:50 joint venture between Jio Financial Services (JFSL) & BlackRock, announced the receipt of regulatory approval from Securities & Exchange Board of India (SEBI) to start operations as an investment manager for their Mutual Funds business in India.

Along with this time, JioBlackRock Asset Management also announced the appointment of Mr. Sid Swaminathan as its managing director and CEO (Chief Executive Officer).

Now, according to the letter dated May 26, 2025, the SEBI has granted a certificate of registration to "Jio BlackRock Mutual Fund" with the approval to Ji BlackRock Asset Management Private Limited to act as the AMC for "Jio BlackRock Mutual Fund," said by the Jio Financial Services in the regulatory filing on May 27, 2025.

This joint venture was first announced on July 26, 2023, when Jio Financial Services and BlackRock announced plans to enter India's asset management industry.

However, on October 4, 2024, SEBI granted in-principle approval to Jio Financial Services and Blackrock Financial Management Inc. to act as co-sponsors and set up the proposed mutual fund in the market.

In light of recent news, Isha Ambani, Non-executive director of JFSL, said, "India's rapid growth is driven by a new generation with bold ideas. Our partnership with BlackRock is a powerful combination of global investment expertise and Jio's digital-first innovation. Together, we are committed to making investing simple, accessible and inclusive for every Indian investor.”

Appointment of Sid Swaminathan as MD & CEO

JioBlackRock Asset Management has appointed Sid Swaminathan as its Managing Director and CEO. Swaminathan brings over 20 years of experience in asset management. He was previously Head of International Index Equity at BlackRock, managing an AUM of $1.25 trillion. Before that, he led Fixed Income Portfolio Management for Europe at BlackRock, overseeing systematic and indexed strategies.

Expert Review on Jio BlackRock Mutual Fund

In our expert review, the mutual fund industry is growing rapidly with 20% CAGR from the last 10 years, and it is 69 Lacs crore AUM, approx, making Jio BlackRock a new entry amongst the largest corporate asset management companies in the world.

Moreover, after Jio Telecom, they have huge data on users and more than 1 lakh crore of cash to continue their business. Plus, their philosophy was always to capture full market size, like in telecom. But here, it is regulated and very competitive.

In our expert opinion, the market is very complex, and no one can actually understand its risks & opportunities. It is simply a practice.

We know Corona, wars and the trump tariff. No one has ever predicted this. Nor can any AI understand and calculate it. It is the simple act of practice and consistency that makes a mutual fund strong in the long run.