Synopsis : Jio BlackRock has secured SEBI’s approval to launch its brokerage business, adding to its expanding financial services footprint in India. The move aligns with its mission to democratise investments through affordable, tech-driven solutions, with JFSL stock rising 4% on the news.
Jio BlackRock Broking Pvt Ltd has received the green light from the Securities and Exchange Board of India (SEBI) to commence operations as a brokerage firm, marking another milestone in its journey to provide holistic investment solutions to Indian investors. This approval complements its parent company’s advisory and asset management services, allowing the Jio BlackRock joint venture to offer a full suite of financial services under one roof.
Following the announcement, Jio Financial Services Limited (JFSL) shares surged 4% to Rs 327.75 on the BSE, reflecting investor confidence in the venture’s potential to transform India’s investment landscape. Jio BlackRock Broking, a wholly owned subsidiary of Jio BlackRock Investment Advisers, is positioned to bring affordable, transparent, and technology-driven execution platforms to retail investors, supporting India’s shift from a nation of savers to a nation of investors.
Leaders at the helm, including Marc Pilgrem, CEO of Jio BlackRock Investment Advisers, expressed their commitment to offering personalised advisory services while also enabling self-directed investing through the brokerage arm. Hitesh Sethia, CEO of Jio Financial Services, highlighted that this approval strengthens their strategy of making investments accessible to millions of Indians through digital-first platforms, while Rachel Lord, Head of International at BlackRock, noted that this approval completes their full-service investment offering in India.
This approval follows the recent green signal for Jio BlackRock’s asset management business, positioning the joint venture to launch innovative mutual funds alongside advisory and brokerage services. With all regulatory approvals secured, Jio BlackRock is now ready to disrupt the Indian investment ecosystem, empowering investors with tech-driven, affordable, and holistic investment solutions to achieve their financial goals.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult your financial advisor before making any investment decisions.
