Jio BlackRock Asset Management is preparing to launch two global investment funds within the next two months, aiming to tap growing demand among Indian investors for international diversification as domestic equity markets remain range-bound.
The initiative is part of the joint venture’s broader expansion strategy, which includes building a presence across all mutual fund categories over the next three years and strengthening its distribution network beyond its current direct-to-investor model.
The joint venture between Jio Financial Services and BlackRock has already secured its GIFT City licence and shortlisted around 10 global investment products from BlackRock’s international portfolio after discussions with family offices, wealth advisers and distributors.
Chief Investment Officer Rishi Kohli said the fund house initially plans to launch two outbound funds, with the possibility of introducing inbound funds at a later stage depending on market demand.
Currently, Jio BlackRock manages 14 domestic mutual fund schemes with assets under management of around ₹18,000 crore. Of this, nearly ₹13,000 crore is invested in fixed-income products, while the rest is allocated to equity schemes.
The company is also working to expand its product offerings significantly, including the upcoming Specialised Investment Fund (SIF) — the Prism Hybrid Long-Short Fund — which will be its 15th scheme.
In addition, Jio BlackRock plans to widen its distribution strategy. While its existing funds have been available only through direct channels, it now intends to introduce distribution through intermediaries as well.
The firm said evolving market conditions require more flexible investment solutions that go beyond traditional equity and fixed-income strategies.
