Larry Fink, Chairman and CEO of BlackRock, has publicly encouraged Indian investors to redirect a portion of their savings from gold into the country’s equity markets. Speaking alongside Reliance Industries Chairman Mukesh Ambani on January 15, 2026, Fink highlighted that while Indians remain among the world’s largest gold buyers, the yellow metal has experienced heightened volatility this year and domestic equities have the potential for compounding returns. He noted that the Nifty 50 index, which is down nearly 2% year-to-date, offers long-term growth opportunities compared to unproductive holdings in gold and silver.

Since launching its first equity fund in August 2025, Jio BlackRock Asset Management—a joint venture between BlackRock and Reliance Industries—has amassed 31.98 billion rupees (approximately $353 million) in assets under management by the end of December 2025. The fund lineup focuses on large-cap Indian stocks and has attracted both retail and high-net-worth investors, underscoring the broader financialization trend in India where mutual fund assets under management have grown by over 20% in the past year.

In a separate move that underscores its growing influence in global equity markets, BlackRock has notified Pandora A/S that its holding now stands at 6,698,804 shares, representing 8.47% of the company’s outstanding stock. This increase from a previous 6.2% stake positions BlackRock as one of Pandora’s largest shareholders and reflects the firm’s strategy of selectively adding to stakes in consumer goods companies with steady revenue streams and international brand recognition.