Mukesh Ambani’s daughter Isha Ambani to go big in mutual funds… gets support from world’s most powerful man, he is…

Reliance Industries is the most valuable company in the country and now Reliance’s subsidiary Jio Financial Services has formed a joint venture with BlackRock.

After creating a stir in retail, the country’s most valuable company Reliance Industries is now preparing to make a splash in the mutual fund industry. JioBlackRock Asset Management Private Limited, a joint venture of Jio Financial Services and the world’s largest asset management fund BlackRock, has announced its top leadership team ahead of entering the mutual fund market. Along with this, the company has also launched a website and exclusive early access initiative. The company appointed Sid Swaminathan as MD and CEO. Isha Ambani is the non-executive director of Jio Financial Services.

The company appointed Gaurav Nagori as Chief Operating Officer, Amit Bhosale as Chief Risk Officer, Amol Pai as Chief Technology Officer and Biraja Tripathi as Head of Product. The company said that the JioBlackRock Asset Management team will bring together asset management experience, digital innovation and customer-centric product design. The company’s top team is all set to fulfill JioBlackRock’s mission of changing the ways of investing and making it accessible and affordable to millions of people.

SEBI approval

Sid Swaminathan, MD and CEO, GeoBlackRock Asset Management, said, “This is a milestone for GeoBlackRock Asset Management. The leadership team has been working hard on competitive and transparent pricing. In the coming months, GeoBlackRock Asset Management intends to launch a variety of investment products that will leverage BlackRock’s capabilities in data-driven investing.” Sid Swaminathan, former head of International Index Equities, has managed assets worth $1.25 trillion.

JioBlackRock Asset Management has also announced an exclusive early access initiative on its website. Under this initiative, people are invited to register their interest in JioBlackRock Asset Management’s digital-first offering. On signing up, they will get content covering the fundamentals of investing. JioBlackRock Asset Management Private Limited has received SEBI approval on May 26, 2025 to start operations of its mutual fund business.

Strength of BlackRock

BlackRock’s CEO and chairman Larry Fink is considered the world’s most powerful man. Its assets under management have reached 11.58 trillion dollars. This is almost three times India’s GDP. You can guess the status of BlackRock from the fact that this company handles 10 percent of the world’s total shares and bonds. It is the world’s largest shadow bank. If we say that the entire world is under the control of this company, it will not be an exaggeration. It has a share in every big company of every major sector of the world.

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