# Jio BlackRock Mutual Fund, a 50:50 joint venture between Jio Financial Services and BlackRock, has received approval from the International Financial Services Centres Authority (IFSCA) The fund house has already received in-principle SEBI approval for the GIFT City

*fintech · news · 2026-05-08 · CNBC TV18*

## Key points

- Jio BlackRock Mutual Fund received final IFSCA approval to start operations in GIFT City.
- The company will launch commodity ETFs in gold and silver within the next three months.
- Jio BlackRock plans to provide Indian investors international exposure and foreign investors Indian market access via GIFT City.
- The fund house has already secured in-principle approval from SEBI for its GIFT City operations.

**Companies:** BlackRock, Jio Financial Services
**Countries:** India

[Read the full story on CNBC TV18](https://www.cnbctv18.com/personal-finance/exclusive-jio-blackrock-gift-city-nod-to-launch-commodity-etfs-3-months-ws-l-19901631.htm)

---

Canonical: https://newsio.io/n/8e754108-7bad-4350-92b7-e30de97e304e/jio-blackrock-mutual-fund-a-5050-joint-venture-between-jio-financial-services-an
Summarized by Newsio from CNBC TV18. https://newsio.io/how-it-works