Jio-BlackRock Launches Nifty 50 ETF in India
Jio Financial Services and BlackRock have launched the JioBlackRock Nifty 50 ETF, marking their entry into India’s fast-growing exchange-traded fund (ETF) market through their asset management joint venture. The fund tracks the Nifty 50 Index, offering investors exposure to India’s 50 largest listed companies through a single investment.
The launch follows earlier plans announced by the joint venture to introduce its first ETF in India. As of June 30, JioBlackRock Asset Management had already accumulated around ₹180 billion in assets under management, highlighting strong early investor interest.
Globally, BlackRock manages about $5.5 trillion in ETF assets, making ETFs a key part of its investment business. The new fund will be available through the JioBlackRock website as well as the JioFinance and MyJio mobile applications.
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