Jio Financial Services Share Price Rises as SEBI Approves Mutual Fund Operations

Market Performance

At 1:35 PM, the Jio Financial Services share price was trading 1.19% higher at ₹285.10 on the BSE.

The stock witnessed positive momentum following the announcement of regulatory approval for its asset management arm.

JioBlackRock Gets SEBI Nod for Mutual Fund Business

Jio Financial Services, a 50:50 joint venture between Jio Financial Services (JFSL) and BlackRock, has received final approval from the SEBI to commence its mutual fund operations in India.

• SEBI's certificate of registration for Jio BlackRock Mutual Fund was issued on May 26, 2025.
• Jio Financial Services Private Limited has been approved to act as the Asset Management Company (AMC).

This marks a significant milestone since the joint venture was initially announced on July 26, 2023. The aim is to tap into India's rapidly evolving asset management landscape, leveraging Jio's digital capabilities and BlackRock's global investment expertise.

Company Details

The formation of the company progressed through several regulatory stages:

• October 4, 2024: SEBI granted in-principle approval to Jio Financial Services and BlackRock Financial Management Inc as co-sponsors.
• October 28, 2024: The companies incorporated Jio BlackRock Asset Management Private Limited and Jio BlackRock Trustee Private Limited.

Leadership Appointment

Sid Swaminathan has been appointed as the Managing Director and Chief Executive Officer of JioBlackRock Asset Management following the regulatory approval.

• Swaminathan brings over 20 years of experience in asset management.
• Previously, he served as Head of International Index Equity at BlackRock, overseeing assets under management (AUM) of $1.25 trillion.
• He also led Fixed Income Portfolio Management for Europe, focusing on systematic and indexed strategies.

Summary of the Article

The Jio Financial Services share price edged higher after the Securities and Exchange Board of India granted final approval to commence mutual fund operations in India.

The joint venture between JFSL and BlackRock is now officially registered to operate as an Asset Management Company (AMC).

Additionally, Sid Swaminathan's appointment as MD & CEO adds significant global expertise to the leadership team.

The developments are expected to position JioBlackRock as a significant player in India's rapidly growing investment landscape.