Jio BlackRock JV Gets SEBI Nod To Operate As Investment Adviser

Jio BlackRock Investment Advisers Pvt Ltd (JBIAPL), the joint venture between Jio Financial Services and BlackRock, has received approval from the Securities and Exchange Board of India (SEBI) to function as an investment adviser.

The company informed the stock exchanges that it got the certificate of registration from SEBI on June 10. 

JBIAPL was incorporated in September 2024. The entity filed for a registered investment advisor licence in March 2025. 

Notably, JFS and BlackRock have also formed JVs to enter mutual fund and broking segments. Last month, Jio BlackRock Asset Management Pvt Ltd received SEBI’s approval to commence operations.

Earlier this week, the asset management JV launched its website and appointed its executive leadership team. 

Notably, JFS currently operates across lending, payments, insurance, and banking sectors. 

The company reported a net profit of INR 316.1 Cr in the fourth quarter ending March 2025 (Q4 FY25) on an operating revenue of INR INR 493.2 Cr. 

Its shares closed 0.02% higher at INR 302.7 on the BSE today. 

JFS Eyes A Share In Mutual Fund Industry

JFS is looking to grab a share in India’s rapidly rising mutual fund sector, which had 24 Cr folios and an AUM of INR 69.5 Lakh Cr as of April 30, 2025

Earlier today, Jio BlackRock Asset Management filed documents with SEBI to launch two new mutual fund schemes – JioBlackRock Liquid Fund and JioBlackRock Money Market Fund. Both schemes are aimed at short-term investors looking for low-risk investment options.

The JioBlackRock Liquid Fund is designed to provide regular income by investing in debt and money market instruments that have a maturity of up to 91 days. It is an open-ended scheme with low interest rate and credit risk. 

The fund will follow the Nifty Liquid Index A-I as its benchmark. Investors will be able to subscribe to this fund at INR 1,000 per unit during the new fund offer period, with a minimum investment of INR 500.

Meanwhile, JioBlackRock Money Market Fund will focus on instruments with a residual maturity of up to one year. It also aims to generate regular short-term income but comes with a slightly higher credit risk compared to the liquid fund. 

The scheme will follow the Nifty Money Market Index A-I as its benchmark and will also be available at INR 1,000 per unit during the NFO. It has the same minimum investment requirement of INR 500.

Both funds will offer only a direct plan with a growth option, and will not charge any entry load. The new fund offer dates for both schemes are yet to be announced.