Kolkata: Jio BlackRock, the mutual fund unit of Reliance, plans to gradually reduce the share of debt in its assets under management (AUM) as it expands its product portfolio, chief investment officer Rishi Kohli said on Wednesday.Debt currently accounts for nearly 70% of the fund house’s Rs 18,000 crore AUM, or about Rs 12,500 crore, while equity assets stand at around Rs 5,500 crore.Kohli said the fund house aims to offer products across all mutual fund categories over the next three years.He also said Jio BlackRock was receiving a positive initial response to its specialised investment fund (SIF), Prism Hybrid Long Short Fund, launched on June 29.SIFs, a relatively new category in the mutual fund industry, together manage assets worth around Rs 14,000 crore, with the segment growing by Rs 500-550 crore every month, he said.Jio BlackRock is also stepping up efforts to expand its physical distribution network to widen the reach of its products, Kohli added.
