Mukesh Ambani has now teamed up with Aladdin. This is not a magical lamp but BlackRock’s Aladdin Investment Software. It is used by the asset management company to manage over $21 trillion funds. Now Jio Financial Services customers will also benefit from this global investment tool. Jio BlackRock Asset Management Pvt Ltd a 50:50 joint venture between Jio Financial Services Ltd (JFSL) and US-based BlackRock has received regulatory approval from the capital market regulator Sebi to commence operations as an investment manager for its mutual fund business. What Is Aladdin? The name Aladdin is linked to the stories of a magical lamp but BlackRock’s Aladdin software can be called a modern-day marvel. This software oversees financial assets for people across the globe. Aladdin stands for Asset Liability and Debt and Derivative Investment Network. Over 200 institutions worldwide rely on this software which manages $21 trillion funds globally. Aladdin is used for portfolio analysis risk management trading compliance and operational activities. Aladdin Benefits Now customers of Jio Financial Services  can get access to BlackRock’s Aladdin software with advantages like Indian investors can create institutional-grade portfolio strategies. Gain insights of globally benchmarked investment practices. Investing in mutual funds will become easier with Aladdin’s assistance. The Securities and Exchange Board of India (Sebi) vide letter dated May 26 2025 has granted the certificate of registration to Jio BlackRock Mutual Fund and approval to Jio BlackRock Asset Management Private Limited to act as the Asset Management Company for Jio BlackRock Mutual Fund JFSL said in a regulatory filing. The company on October 29 2024 announced incorporation of two companies Jio BlackRock Asset Management Private Limited and Jio BlackRock Trustee Private Limited to carry on the primary business of mutual fund subject to regulatory approvals it said. (With Inputs From PTI)