Jio Financial Services, BlackRock infuse Rs 117 Cr in mutual fund business

Jio Financial Services and BlackRock have jointly infused Rs 117 crore into Jio’s mutual fund business, signaling the growing investment in India's financial services sector. This funding round will help expand Jio Financial’s mutual fund operations and further strengthen its position in India’s growing asset management market. The investment will also be used to improve technology, fund new product development, and enhance customer acquisition strategies. Jio Financial Services, a subsidiary of Reliance Industries, has been expanding its portfolio across various financial services, including insurance, loans, and investments, aiming to provide more comprehensive financial products to Indian consumers.