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Jio Financial-BlackRock and Abira Securities file for mutual fund license with SEBI

Jio Financial Services Ltd & BlackRock Financial Management have filed papers with the capital market regulator, the Securities and Exchange Board of India (SEBI), to launch mutual fund business in India.

The in-principle approval is under consideration with SEBI, as the companies as a joint venture had filed application on October 19, 2023, showed the updated list of the mutual fund applications as on December 31, 2023.

Further, Abira Securities has reapplied for the mutual fund license. Established in 2012, Abira Securities is a Kolkata-based stock broking house. Abira had earlier applied for MF licence in April 2022, but its name was missing in the subsequent lists.

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Jio Financial files for MF license

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