Jio BlackRock Mutual Fund gets SEBI nod to launch 4 passive funds

Jio BlackRock Mutual Fund has received approval from markets regulator SEBI to launch four passive funds. The funds are JioBlackRock Nifty Midcap 150 Index Fund, JioBlackRock Nifty Next 50 Index Fund, JioBlackRock Nifty Smallcap 250 Index Fund, and JioBlackRock Nifty 8-13 yr G-Sec Index Fund.

Out of these four funds, three are equity-oriented index funds while one is a debt-oriented index fund.

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 is a joint venture between Jio Financial Services, part of Mukesh Ambani’s Reliance Industries Ltd, and US-based BlackRock.

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.

Last week, Reuters reported, citing sources, that Jio BlackRock Asset Management plans to introduce nearly a dozen equity and debt funds in India by the year-end, focusing on small-ticket investments and bypassing distributors to reduce costs.

Jio BlackRock plans to leverage Jio, India’s largest telecom network, and BlackRock’s investment management platform Aladdin, to offer differentiated products in the crowded market, the report said.

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