Shares of Jio Financial Services Ltd (JFSL) surged close to 4% on Tuesday, giving investors a reason to cheer after a major announcement. The company’s joint venture with BlackRock, one of the world’s biggest asset managers, has finally received the green signal from SEBI to start its mutual fund operations in India.
On the BSE, Jio Financial’s stock climbed 3.46%, closing at ₹291.50, after hitting an intraday high of ₹293. Meanwhile, on the NSE, it rose 3.86%, ending the day at ₹292.65.
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This jump comes after SEBI issued a registration certificate on May 26, 2025, allowing Jio BlackRock Mutual Fund to begin business. It also approved Jio BlackRock Asset Management Pvt Ltd to act as the official Asset Management Company (AMC) for the fund.
This marks a major step forward for JFSL, which had earlier—on October 29, 2024—formed two new entities:
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Jio BlackRock Asset Management Pvt Ltd, and
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Jio BlackRock Trustee Pvt Ltd,
as part of its mutual fund ambitions.
🔊 What Does This Mean for Investors?
This approval paves the way for Jio Financial to tap into India’s rapidly growing mutual fund space, making investing more accessible through Jio’s digital-first approach.
Isha Ambani, Non-Executive Director at JFSL, shared her excitement:
“Our partnership with BlackRock is a powerful combination of global investment expertise and Jio’s digital-first innovation. Together, we’re committed to making investing simple, accessible, and inclusive for every Indian.”
📊 The Road Ahead
As Jio BlackRock Mutual Fund prepares to enter the market, experts believe this could shake up India’s asset management space, offering a tech-driven alternative to traditional players.
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