Jio BlackRock’s First GIFT City Funds Coming in Two Months, 20 More Planned
Indian investors have poured record money into domestic equities over the past few years. Now, Jio BlackRock wants to give them a new opportunity beyond India. The asset manager is preparing to launch its first overseas investment products from GIFT City, a move that could reshape how investors build globally diversified portfolios while strengthening India’s position as an international financial hub.
Jio BlackRock is preparing to launch two global funds from GIFT City
Jio BlackRock Asset Management plans to launch its first two outbound funds from GIFT City within the next two months after securing regulatory approvals for cross-border operations.
The first products will include a Global Equity Fund and an Emerging Markets Fund, marking the company’s entry into overseas investment solutions for Indian investors.
Speaking at the recent Mutual Fund Summit, Chief Investment Officer Rishi Kohli said the company has shortlisted nearly 10 products from BlackRock’s global investment platform based on feedback from family offices, wealth advisors and distributors.
“We already got our GIFT City licence. We are now planning to launch the first two funds where largely one is a global equity fund, and the other is an emerging markets fund,” Kohli said.
The filings are now in advanced stages, with the company aiming to introduce the products over the next two months.
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Fund Strategy & Products
- Global Equities Fund: Prioritised first to offer broad international diversification.
- Emerging Markets Fund: Prioritised alongside the global equity fund to target high-growth developing economies.
- Product Pipeline: The firm shortlisted 10 products from BlackRock’s global suite based on feedback from family offices, wealth advisors, and distributors.
- Inbound Transition: Inbound funds (for foreign capital entering India) will follow roughly six months after the outbound launch.
Why Jio BlackRock is focusing on global investing now
The timing of the launch reflects changing investor preferences.
Indian equities have largely remained range-bound over the past two years following earlier earnings disappointments. Although corporate earnings and macroeconomic indicators have recently improved, investors are increasingly looking beyond domestic markets for portfolio diversification.
According to Kohli, demand for global investment opportunities has grown significantly as investors seek exposure beyond popular benchmarks such as the S&P 500 and the Nasdaq.
Rather than offering only passive overseas exposure, Jio BlackRock plans to gradually introduce access to BlackRock’s wider investment capabilities, including multi-asset portfolios, alternative investments and hedge fund-like strategies.
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Market Drivers & Context
- Range-Bound Local Markets: The timing aligns with a period where domestic Indian equities have been range-bound over the last two years due to early corporate earnings disappointments.
- Beyond Passive Indices: The offerings look to satisfy a strong retail demand for global exposure that goes beyond traditional passive benchmarks like the S&P 500 or Nasdaq.
- Sales Model: Jio BlackRock is adopting an advisor and distributor-led sales framework to pitch these complex cross-border products to higher-ticket wealth clients.
Stocks to Watch
| Company | Stock Price* | Why Investors Should Watch |
|---|---|---|
| Jio Financial Services (NSE: JIOFIN) | ₹240.01 | Expansion of the Jio BlackRock AMC business could boost long-term fee income and strengthen its financial services ecosystem. |
| Reliance Industries (NSE: RELIANCE) | ₹1,308.00 | As the promoter of Jio Financial Services, successful execution of the AMC strategy could create long-term strategic value. |
| HDFC Asset Management Company (NSE: HDFCAMC) | ₹2,745.80 | May face increased competition as Jio BlackRock expands into global and outbound investment products. |
| Nippon Life India Asset Management (NSE: NAM-INDIA) | ₹1,196.40 | Competition could intensify in passive, ETF and global investing segments. |
| UTI Asset Management Company (NSE: UTIAMC) | ₹944.65 | Global investment products from GIFT City may increase competitive pressure. |
| Aditya Birla Sun Life AMC (NSE: ABSLAMC) | ₹1,144.60 | Could face rising competition as international investing gains traction among retail and HNI investors. |
*Stock prices as of 1 July 2026 market close. Prices may change during market hours.
GIFT City gives these funds a unique advantage
One of the biggest advantages of launching these products from GIFT City is regulatory flexibility.
Unlike domestic mutual fund schemes, outbound funds domiciled under IFSCA regulations are not subject to India’s industry-wide USD 7 billion overseas investment limit.
This allows Jio BlackRock to continue offering international investment opportunities without being constrained by the overseas investment cap applicable to traditional mutual funds.
For investors looking to diversify geographically, the structure could provide a more stable route to accessing global markets.
- Licence Secured: The asset manager has already received its GIFT City operating licence.
- Filing Stage: The company is in advanced stages of filing the necessary paperwork with cross-border regulators.
Inbound funds are expected after the outbound launch
While outbound investing is the immediate priority, Jio BlackRock is already planning its next phase of expansion.
Kohli said the company expects to begin launching inbound investment products around six months after the rollout of its outbound funds.
These products are expected to allow foreign investors to gain exposure to Indian investment opportunities through GIFT City.
“After six months, you may see some inbound activity also happening from us.”
The company also has a longer pipeline of nearly 20 investment products that could be introduced over the next three to four years, depending on investor demand.
Here’s what happened today and why investors reacted
Jio BlackRock confirmed that it is preparing to launch its first Global Equity Fund and Emerging Markets Fund from GIFT City within the next two months.
The announcement highlights the company’s broader strategy to expand beyond traditional domestic mutual funds and tap rising demand for international investing.
The move also signals growing confidence in GIFT City as India’s gateway for global financial products.
What could this mean for the market and investors?
The launch could encourage more Indian investors to diversify internationally instead of relying entirely on domestic equity markets.
As global investing becomes more accessible, wealth managers, distributors and high-net-worth investors may increasingly allocate capital across international equities, emerging markets and diversified global portfolios.
The development also strengthens competition in India’s rapidly expanding asset management industry, where fund houses are racing to introduce differentiated investment products.
What could this mean for Jio Financial Services and the asset management industry?
The expansion of Jio BlackRock’s product portfolio could strengthen the long-term growth strategy of Jio Financial Services, which has positioned asset management as one of its key growth businesses.
The partnership also deepens BlackRock‘s presence in one of the world’s fastest-growing investment markets.
If investor adoption remains strong, Jio BlackRock could gradually emerge as a major player in India’s global wealth management space, particularly through GIFT City-based investment solutions.
What investors should watch next
Investors should closely monitor:
- The official launch timeline for the two outbound funds.
- Product structure, investment strategy and fee details.
- Regulatory approvals from GIFT City authorities.
- Future rollout of inbound funds.
- Expansion of Jio BlackRock’s broader pipeline of nearly 20 global investment products.
As Indian investors increasingly seek international diversification, Jio BlackRock’s upcoming GIFT City funds could mark an important shift in how global investing becomes accessible from India.
