Mumbai, July 16 -- The Securities and Exchange Board of India (SEBI) today announced its approval to Jio BlackRock Mutual Fund, to launch four new passive investment schemes,
according to regulatory filings posted on SEBI's official website.
Jio BlackRock is a joint venture between the Mukesh Ambani-led Reliance Industries, through its subsidiary Jio Financial Services and BlackRock, which is one of the world's largest asset
managers.
The 50:50 joint venture was first announced in July 2023 and received SEBI approval to start a mutual fund (MF) business in late May of this year. Since then, Jio BlackRock has gone on to
receive approval to operate as an investment adviser and to commence operations as a
brokerage firm.
SEBI's latest a...