SEBI Greenlights Jio BlackRock Mutual Fund, Jio Financial Stocks Surge 4%

ByTop15 News

May 28, 2025 #FinancialNews, #IndiaMarkets, #JioFinancial, #MutualFunds, #SEBIApproval, #StockMarket

Jio Financial Stock Rises 3.27% After SEBI Approval for Jio BlackRock Mutual Fund Venture

On Tuesday, shares of Jio Financial Services Ltd (JFSL) jumped 3.27% to ₹290.95. This surge came right after SEBI approved the Jio BlackRock mutual fund business, which immediately boosted investor confidence.

Jio Financial Stock Performance Today

During the trading session, the stock reached an intraday high of ₹292.3, gaining nearly 4%. By 2:20 PM, it was trading at ₹290.95, up from the previous close of ₹281.75.

Although the broader market declined, Jio Financial shares bucked the trend. For example, the Nifty50 index fell 1.1%, dropping 270.7 points to 24,730.45. Nevertheless, even after today’s gain, the shares remain over 20% below their 52-week high of ₹368.6, which was reached on May 27, 2024.

SEBI Approval Boosts Investor Confidence

Following SEBI’s nod, Jio BlackRock Asset Management—a 50:50 joint venture between Jio Financial and BlackRock—received clearance to begin managing mutual funds in India. Consequently, this approval strengthened market sentiment toward the company.

Moreover, the joint venture aims to combine BlackRock’s global investment expertise with Jio’s robust digital platform. As a result, they plan to make investing easier and more accessible for millions of Indians.

Leadership and Future Plans

Sid Swaminathan has been appointed Managing Director and CEO of Jio BlackRock Asset Management. In addition, the company is preparing to launch several mutual fund products soon. These products will capitalize on BlackRock’s international experience and Jio’s extensive domestic presence.

Furthermore, Isha Ambani, Non-Executive Director at JFSL, said,
“Our partnership with BlackRock combines global investment expertise with Jio’s digital innovation. Together, we want to make investing simple, accessible, and inclusive for every Indian.”

Jio Financial’s Q4 FY25 Performance

Moreover, Jio Financial Services recently reported strong Q4 FY25 financial results, which have further supported the stock’s momentum:

Total income increased 25% year-on-year to ₹518 crore.
Pre-provision operating profit rose 18% to ₹374 crore.
Profit after tax climbed to ₹316 crore from ₹311 crore in Q4 FY24.

Since these results were announced on April 17, 2025, the stock has gained nearly 16.7%.

About Jio Financial Services

Jio Financial Services operates as a Core Investment Company (CIC) registered with the RBI. It offers a diverse portfolio of financial services through various subsidiaries, including: