Jio BlackRock Forecasts Threefold Growth in India's Mutual Fund Industry by 2030

1 min read Updated on 17 Sept 2025, 06:41 AM

Reviewed by

Radhika SahaniScanX News Team

Overview

Jio BlackRock Asset Management, a joint venture between Jio Financial Services and BlackRock Inc., forecasts India's $900 billion mutual fund industry to triple in size over the next seven years. The growth is attributed to record domestic investor inflows and a robust economy. CEO Sid Swaminathan noted a shift in household savings from traditional assets to financial markets. Jio BlackRock's debut funds raised over $2 billion in three days, placing it among the top 15 managers in its category. The company plans to launch an active equity fund and develop a mix of passive and active strategies, including sector rotation funds and a direct-to-consumer approach via its app.

*this image is generated using AI for illustrative purposes only.

Jio BlackRock Asset Management, a joint venture between Mukesh Ambani's Jio Financial Services and BlackRock Inc., has projected a significant expansion in India's mutual fund industry. The company anticipates the current $900 billion sector to triple in size over the next seven years, driven by record domestic investor inflows and a robust economy.

Shifting Investment Landscape

CEO Sid Swaminathan highlighted a notable trend in household savings, observing a shift from traditional assets like gold and property towards financial markets. This transition has been a key factor in the explosive growth of the domestic mutual fund sector, with assets more than doubling over the past five years.

Rapid Market Growth

India's equity markets have experienced substantial growth, reaching a valuation of $5.30 trillion over the past five years. This growth has attracted millions of retail investors, contributing to the expanding mutual fund industry.

Jio BlackRock's Strong Start

The joint venture has made a remarkable entry into the market, raising over $2.00 billion in just three days for its debut funds in July. This impressive feat has positioned Jio BlackRock among the top 15 managers in its category.

Future Plans and Strategies

Jio BlackRock is gearing up to launch its first active equity fund and is developing a mix of passive and active strategies. The company's plans include:

Introducing sector rotation funds based on quantitative signals
Pursuing a direct-to-consumer strategy through its app
Bypassing traditional brokers and distributors

This approach aims to leverage technology and provide easier access to mutual fund products for Indian investors.

Industry Outlook

The projected threefold growth of India's mutual fund industry by 2030 reflects the increasing financialization of savings in the country. As more Indians turn to financial markets for wealth creation, the mutual fund sector is poised for significant expansion.

Jio BlackRock's optimistic forecast and strategic positioning highlight the potential of India's financial markets and the growing appetite for diverse investment products among Indian investors.