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JioBlackRock Asset Management plans to offer a complete range of mutual fund products within three years as it expands into specialised investment funds (SIFs), exchange-traded funds (ETFs) and offshore products through GIFT City. The joint venture between Jio Financial Services and BlackRock has shortlisted 10 outbound products for regulatory approval while preparing to launch additional SIFs and its first ETFs, broadening investment options for Indian investors and strengthening GIFT City's financial ecosystem.
JioBlackRock Asset Management plans to build a full-spectrum mutual fund business over the next three years by expanding its offerings across specialised investment funds (SIFs), exchange-traded funds (ETFs) and offshore investment products through GIFT City. The strategy was outlined by the company's senior management in the past week as the asset manager continues to broaden its presence in India's investment management sector.
The asset management company, a joint venture between Jio Financial Services and global investment firm BlackRock, recently entered the SIF segment with the launch of its maiden Prism Hybrid Long-Short Fund. Chief Investment Officer Rishi Kohli said the company intends to introduce at least one additional SIF in the equity long-short category within the next year, expanding its specialised investment offerings for investors seeking alternatives to traditional mutual funds and portfolio management services.
Alongside its SIF expansion, JioBlackRock is preparing to launch its first exchange-traded funds in the coming months. Kohli said the rollout is currently undergoing operational fine-tuning to adapt BlackRock's global investment platform to Indian market requirements. Once the platform is operational, the company expects to scale rapidly with multiple ETF launches across different investment categories.
A significant component of the company's growth strategy centres on GIFT City. JioBlackRock has shortlisted 10 outbound investment products for launch through the international financial services hub, with regulatory filings already submitted for approvals. The company expects one or two products to be introduced initially, enabling Indian investors to access global active investment strategies through GIFT City rather than relying solely on benchmark-linked international products. According to Kohli, the objective is to reduce friction in digital access to overseas investments while broadening the range of available global investment opportunities.
JioBlackRock currently manages assets worth approximately INR 18,000 crore, comprising around INR 12,500 crore in debt and income funds and INR 5,500 crore in equity schemes. The newly launched Prism fund represents the asset manager's 15th product. Kohli also noted that India's SIF industry has expanded to nearly INR 14,000 crore in assets and continues to grow by more than INR 500 crore each month, reflecting increasing investor interest in structured investment strategies.
The Prism Hybrid Long-Short Fund uses BlackRock's Aladdin risk management platform and is designed to generate annual returns of 9% to 11% while maintaining a fund-level risk cap of 2%. Its investment strategy combines collars, merger arbitrage, infrastructure investment trusts (InvITs), real estate investment trusts (REITs) and AAA-rated fixed-income assets. The fund also offers zero exit load, twice-weekly redemptions through an interval structure and equity-like long-term capital gains tax treatment for investments held beyond 12 months. The new fund offer remains open until July 13.
Source: PTI
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