India, May 27 -- Almost a couple of years after Jio Financial Services (JFS) and global asset manager BlackRock signed an agreement to enter the asset management space in India, the joint venture, Jio BlackRock Asset Management Pvt Ltd, has received SEBI's nod to commence operations.

In an exchange filing, the fintech major said that the markets regulator has granted the certificate of registration to Jio BlackRock Mutual Fund and approval to Jio BlackRock Asset Management to act as the asset management company (AMC) for the said mutual fund.

The AMC will target retail and institutional investors in India by leveraging the strengths of its two sponsors. While JFS will help with the knowledge transfer of the Indian local market, BlackRoc...