Jio BlackRock Receives Sebi Nod For Brokerage Services: Here's All You Need To Know
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Jio BlackRock Broking Pvt Ltd has received regulatory approval from the Securities and Exchange Board of India to commence operations as a brokerage firm.
Jio BlackRock Broking Pvt Ltd, a wholly owned subsidiary of Jio BlackRock Investment Advisers Pvt Ltd, has received approval from the Securities and Exchange Board of India (Sebi) to commence operations as a brokerage firm, marking a major milestone in the financial services expansion of the Jio BlackRock joint venture. The move completes another critical piece in the ambitious roadmap laid out by the joint venture between Jio Financial Services Ltd (JFSL) and US-based global asset manager BlackRock Inc.
Jio BlackRock Investment Advisers Pvt Ltd, the parent entity, is a 50:50 joint venture between Reliance Group's Jio Financial Services Ltd (JFSL) and global investment giant BlackRock Inc. The broking arm is a wholly owned subsidiary of Jio BlackRock Investment Advisers Pvt Ltd.
Jio-BlackRock JV: The Three Entities
The Sebi nod for Jio BlackRock Broking adds to a growing list of approvals and roll-outs by the joint venture in recent months. With this, the Jio BlackRock ecosystem now comprises three key pillars:
Jio BlackRock Asset Management Pvt Ltd
Jio BlackRock Investment Advisers Pvt Ltd
Got Sebi's approval on June 10, 2025 to operate as an investment adviser.
Will offer personalised advisory services to retail investors looking for curated portfolios and long-term planning strategies.
Jio BlackRock Broking Pvt Ltd
Now approved by Sebi to begin operations as a brokerage firm, enabling self-directed investors to trade and invest seamlessly through a digital-first platform.
What Is Aladdin Platform?
One of the standout features of this joint venture is the introduction of BlackRock's world-renowned Aladdin platform in the Indian market for the first time. Aladdin (short for Asset, Liability, Debt and Derivative Investment Network) is a cutting-edge risk management and investment analytics platform used by institutional investors globally.
With this launch, Indian investors — including retail clients — gain access to institutional-grade tools for portfolio construction, analytics, and risk monitoring.
What's Next?
With regulatory approvals now in place for mutual funds, advisory services, and broking, Jio BlackRock is positioned to launch a full-stack digital investment platform. The offering is expected to include paperless onboarding and low-cost trading, access to mutual funds, equities, and debt products, portfolio insights powered by Aladdin analytics, and tailored advice for both new and seasoned investors.
About Jio BlackRock JV
Announced in October 2024, the Jio BlackRock joint venture has made swift progress in less than a year — from establishing the asset management and trustee firms to now having regulatory clearance across mutual fund, advisory, and broking verticals.
This integrated structure sets the stage for a disruptive financial platform that blends Jio's digital-first approach with BlackRock's global pedigree — all aimed at making investing simpler, smarter, and more inclusive for millions of Indians.
'With JioBlackRock Investment Advisers, we will be able to offer personalised advice to retail investors. Now with brokerage, we will also bring an execution platform for self-directed investors," Marc Pilgrem, MD and CEO of Jio BlackRock Investment Advisers Pvt Ltd, said.
Even as JioBlackRock's Asset Management arm introduces innovative mutual funds to the market, and JioBlackRock Investment Advisers prepares to launch operations, the approval for the broking entity adds another dimension to the strategy of democratising investments in India, through easily accessible and digital-first solutions, Jio Financial Services Ltd (JFSL) MD and CEO Hitesh Sethia said.
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About the Author
Mohammad Haris
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso...Read More
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