Jio Financial services Ltd. (JFSL) on tuesday stated its subsidiary has acquired capital market regulator SEBI's acclaim for mutual fund operation.

The Securities and Exchange Board of india (SEBI), vide letter dated May 26, 2025, has granted a certificate of registration to 'Jio blackrock Mutual Fund' and approval to jio blackrock Asset Control Non-Public Constrained to behave because the Asset Control Enterprise for jio blackrock Mutual Fund, JFSL, stated in a regulatory filing.

The employer, on october 29, 2024, intimated the incorporation of two businesses, 'Jio blackrock Asset Control Non-Public Restrained' and 'Jio blackrock Trustee Private Restricted,' to carry on the primary commercial enterprise of mutual funds, subject to regulatory approvals, it said. In January, JFSL said that the employer and its joint undertaking companion, US-based blackrock, had infused Rs 117 crore inside the mutual fund organization.

JFSL and blackrock have, in addition, subscribed to and have been allocated 5.85 crore fairness stocks of Rs 10 each of jio blackrock Asset Management Personal Restricted (a 50:50 joint assignment between the enterprise and blackrock), aggregating Rs 117 crore.

JFSL and blackrock have made a preliminary funding of Rs 82.5 crore each to this entity. On october 19, 2023, jio Financial and blackrock Monetary Control Inc. Filed papers with SEBI for launching a mutual fund commercial enterprise.

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Sudha Subbiah

30/05/2025 10:13 AM