Mukesh Ambani’s Big Mutual Fund Bet: Can Jio BlackRock Redefine India’s Investment Landscape?
Reliance's Mukesh Ambani enters mutual funds via Jio BlackRock Asset Management. Learn how this digital-first JV with BlackRock leverages Aladdin tech, plus a deep analysis of Jio Financial Services' fundamentals, technicals, and the road ahead. A New Powerhouse in Mutual Funds: Jio BlackRock’s Big Launch Mukesh Ambani, India’s richest man and chairman of Reliance Industries, is setting his sights on the booming mutual fund industry . Through Jio Financial Services (JFS) , he has partnered with the world’s largest asset manager, BlackRock Inc. , to launch Jio BlackRock Asset Management — a 50:50 joint venture that has just received SEBI’s approval to begin operations. The vision is bold yet simple: “To digitally deliver institutional quality investment products to every Indian investor,” said Sid Swaminathan, newly appointed MD & CEO of Jio BlackRock AMC. The fund house is expected to roll out a wide range of investment products targeting retail and institutional ...