Jio BlackRock Mutual Fund Gets Sebi Approval For 4 Passive Schemes; Details Here
The funds will track four indices -- Nifty Midcap 150, Nifty smallcap 250, Nifty Next 50, and the benchmark index tracking Indian government bonds with 8-13 years maturity.
Jio Blackrock has received approval from the Securities and Exchange Board of India (Sebi) to launch four passive index funds, according to the market regulator's website. The funds will track four indices — Nifty Midcap 150, Nifty smallcap 250, Nifty Next 50, and the benchmark index tracking Indian government bonds with 8-13 years maturity.
Jio BlackRock Asset Management said on July 7 it has raised Rs 17,800 crore across three cash or debt mutual fund schemes, its first offering since getting the licence in May. The three schemes are JioBlackRock Overnight Fund, JioBlackRock Liquid Fund and JioBlackRock Money Market Fund.
Jio BlackRock, a joint venture between Jio Financial Services Ltd and BlackRock, plans to launch nearly a dozen equity and debt funds in India by year-end, Reuters reported last week.
The asset manager is entering the country's Rs 72.2 lakh crore mutual fund market with a mix of active and passive offerings, aiming to leverage its digital reach to sidestep traditional distributor networks.
The asset manager has raised over $2.1 billion across three debt mutual fund schemes, attracting investments from 90 institutional investors and 67,000 retail investors so far.
Jio BlackRock is reportedly planning to leverage Jio, India's largest telecom network, and BlackRock's investment management platform Aladdin, to offer differentiated products in the crowded market.
Recently, Jio BlackRock also opened its NFO for debt mutual funds.
The three-day maiden offer attracted investments from over 90 institutional investors and from more than 67,000 retail investors, Jio BlackRock said in a statement.
The NFO, which closed on July 2, 2025 was one of the largest in India's cash/debt fund segment, placing JioBlackRock Asset Management among the top 15 asset management companies by Debt Assets Under Management in the country, out of 47 fund houses, said the firm.
According to Reuters, Jio BlackRock intends to bypass the dominant channel of distributors, offering funds directly to institutional and retail investors, the sources said. That will reduce fee or expense ratios associated with the funds, they said.
Jio BlackRock will use the distribution reach of its partner and target the existing 8 million active users of financial services on its digital platforms such as MyJio and Jio Finance, it added.
BlackRock, the world's largest fund manager at $11.6 trillion as of December 2024, is known for its passive funds, which track established indexes. It manages $7.8 trillion through exchange traded and index funds.
However, Jio BlackRock plans to offer a mix of active and passive funds in India, where active funds still dominate.
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July 16, 2025, 13:21 IST
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