Jio Financial Services Ltd (JFSL) announced on Tuesday that its subsidiary has received approval from the Securities and Exchange Board of India (SEBI) to commence mutual fund operations.
In a regulatory filing, JFSL stated that SEBI, through a letter dated May 26, 2025, has granted a certificate of registration to 'Jio BlackRock Mutual Fund'. Additionally, SEBI has approved 'Jio BlackRock Asset Management Private Limited' to serve as the Asset Management Company (AMC) for the mutual fund.
The company had earlier, on October 29, 2024, disclosed the incorporation of two entities—Jio BlackRock Asset Management Private Limited and Jio BlackRock Trustee Private Limited—intended to engage in the mutual fund business, pending regulatory approvals.