Jio BlackRock Secures SEBI Nod to Launch Passive Index Funds in India

Jio BlackRock, the joint venture between Jio Financial Services and BlackRock (NYSE:BLK), has received approval from India’s Securities and Exchange Board (SEBI) to roll out four new passive index funds, signaling an aggressive expansion into the country’s $844 billion mutual fund space.

According to SEBI’s official website, the approved funds will track the following indices:

Nifty Midcap 150

Nifty Smallcap 250

Nifty Next 50

An Indian government bond index with 8–13 years maturity

These new offerings represent Jio BlackRock’s early execution steps in its broader plan to launch nearly a dozen equity and debt mutual funds in India by the end of 2025.

Passive Push Meets Digital Ambition Jio BlackRock is targeting both retail and institutional investors with a blend of cost-efficient passive products and high-reach digital distribution. The fund house aims to sidestep traditional broker networks by capitalizing on the Jio ecosystem’s deep digital penetration.

To analyze the performance and investor inflows of other Indian mutual funds and ETFs, use the Mutual Funds Holdings API, which provides current fund composition and institutional stake data.

$2.1 Billion Raised So Far According to Reuters, the firm has already raised over ₹17,500 crore (~$2.1 billion) across three debt mutual fund schemes—backed by 90 institutional investors and over 67,000 retail investors.

This marks a robust start for a new asset manager in India's increasingly competitive mutual fund landscape, dominated by players like SBI MF, ICICI Prudential, and HDFC Mutual Fund.

For deeper insight into BlackRock’s U.S.-based strategy, earnings, and valuation, refer to the Company Rating API, which aggregates analyst opinions, growth metrics, and valuation ratios.