Jio BlackRock Mutual Fund Gets SEBI Registration Nod

Jio Financial Services on Tuesday said the Securities and Exchange Board of India has granted a certificate of registration to Jio BlackRock Mutual Fund. SEBI has also approved Jio BlackRock Asset Management Pvt. Ltd. to operate as the asset management company for the fund.

The company had received in-principle approval from SEBI in October to act as a co-sponsor, along with BlackRock Financial Management Inc., for setting up a mutual fund. Jio BlackRock Mutual Fund, formed to offer investment advisory services, is jointly owned by Jio Financial Services and BlackRock, with a 50% stake each.