JIO Financial Services Ltd.

Jio Financial Services’ subsidiary -- Jio BlackRock Asset Management has received capital market regulator SEBI's approval for mutual fund operation. The Securities and Exchange Board of India (SEBI) has granted certificate of registration to Jio BlackRock Mutual Fund and approval to Jio BlackRock Asset Management to act as the Asset Management Company for Jio BlackRock Mutual Fund.   

Earlier, the company and its joint venture partner, US-based BlackRock, have infused Rs 117 crore in the mutual fund company.

Jio Financial Services (JFSL) operates its financial services business through its consumer facing subsidiaries namely Jio Finance (JFL), Jio Insurance Broking (JIBL) and Jio Payment Solutions (JPSL) and joint venture namely Jio Payments Bank (JPBL).