JioBlackRock Mutual Fund has announced significant changes in the fund management responsibilities of its JioBlackRock Nifty 50 ETF. According to the fund house announcement, the ETF will now be managed by a new team effective August 19, 2026. The fund house has not disclosed the specific reasons behind this management change.
The JioBlackRock Nifty 50 ETF will now be managed by a team comprising Manish Kalani, Anand Shah, Haresh Mehta and Tanvi Kacheria. As reported by the fund house, this represents a change from the previous management structure, though the specific roles and responsibilities of each team member have not been detailed in the announcement.
The ETF was previously managed by Anand Shah, Haresh Mehta and Tanvi Kacheria. According to the fund house announcement, these three individuals will continue to be part of the new management team, indicating a transition rather than complete turnover in the fund management structure.
The management change will take effect from August 19, 2026, as confirmed by the fund house. This transition represents a significant change in the operational structure of the JioBlackRock Nifty 50 ETF, though the fund house has not provided additional details about the reasons behind this management restructuring.
The JioBlackRock Asset Management joint venture between Jio Financial Services and BlackRock has announced ambitious expansion plans for the coming years. According to recent reports, the asset manager expects to launch at least one more SIF in the equity long-short category within the next year, following the successful rollout of its maiden Prism Hybrid Long-Short fund. The company also plans to introduce its first ETFs in the coming months, while 10 outbound products have been shortlisted for GIFT City, several of which are awaiting regulatory approvals. The Prism SI fund is a multi-strategy hybrid offering designed to generate annual returns of 9-11 per cent while capping fund-level risk at two per cent.
