New Delhi, June 10 -- Jio BlackRock Asset Management plans to launch its first exchange-traded funds (ETFs) in India by August, seeking to replicate BlackRock's global success in passive investing in a market where ETFs remain at a relatively early stage of development.

The asset manager, a joint venture between Jio Financial Services and BlackRock, has amassed about Rs.18,000 crore ($1.9 billion) in assets under management (AUM) in roughly a year since its launch, building its asset base through liquid funds, debt-index funds and active equity schemes.

The company plans to begin with equity-focused ETF offerings, Sid Swaminathan, managing director and chief executive officer of Jio BlackRock Asset Management, told Reuters.

The launch ...