Jio BlackRock Mutual fund

JioBlackRock is a 50:50 joint venture between Jio Financial Services (Reliance Group) and BlackRock—the world’s largest provider of investment, advisory and risk management solutions. 

In October 2024, SEBI (Securities and Exchange Board of India) granted in-principle approval to Jio Financial Services and BlackRock Financial Management Inc. to act as co-sponsors and establish the mutual fund AMC, “JioBlackRock Mutual Fund”. 

On 26 May 2025, SEBI issued its final approval and registration certificate to JioBlackRock Mutual Fund to begin operations. 

Following the authorisation, Jio BlackRock rolled out its first New Fund Offers (NFOs) in early July 2025, including the Overnight, Liquid, and Money Market Funds, which together raised around ₹17,800 cr.

Fund Managers

Mr Anand Shah: Anand Shah is a Chartered Financial Analyst (CFA) and holds a master’s degree in engineering from the Kiev Polytechnic Institute, Ukraine. Anand joined JioBlackRock AMC on December 02, 2024; previously he worked with ITI and Indiabulls AMC as Head – Fixed Income and Portfolio Manager and PineBridge India Private Limited as Vice President – Fixed Income.

Mr Arun Ramachandran: Arun Ramachandran brings over a decade of experience in managing fixed‑income portfolios. Before joining Jio BlackRock, he served as Fund Manager – Fixed Income in SBI Funds Management Limited from March 02, 2009, to December 26, 2024.

Mr Siddharth Deb: Siddharth Deb holds a Bachelor of Science (Zoology) and an MMS (Finance) degree from the University of Calcutta and the University of Mumbai, respectively. His past work experiences include serving as fund manager for Nippon Life India Asset Management Limited and Goldman Sachs Asset Management.