Latest news with #Jio-BlackRock
India.com
03-07-2025
- Business
- India.com
Zerodha CEO Nithin Kamath downplays Mukesh Ambani's this company, says real competition is going to be…
Zerodha CEO Nithin Kamath has downplayed the Jio–BlackRock brokerage joint venture as a competitive threat, stating that first-generation founders will be a greater challenge. In a post on social media platform 'X', Kamath acknowledged the JV's potential to expand retail market participation due to its vast distribution network but also stated that Zerodha remains committed to profitability and a customer-first approach. Zerodha's Nithin Kamath On Jio-BlackRock Nithin Kamath via his post on 'X' expressed optimism regarding the same. He said, 'Many people asked me about Jio-BlackRock getting a stockbroking license. Firstly, this is great news.' Kamath further added that, 'If anyone can expand the markets beyond the top 10 crore Indians, it's probably Jio with all its distribution might.' However, he also raised concerns about the expansion of the Indian stock market. 'The biggest issue for the Indian markets is a lack of breadth in participation. We're largely limited to the top 10 crore Indians,' he said. Kamath also shared his opinion on what his thoughts are on broking. He believes that Zerodha is not something which is following 'vanity metrics' and the principle online brokerage platform is to 'stay to stay profitable.' 'At the heart of our philosophy is to always do the right thing for customers,' Nithin Kamath said. Nithin Kamath On Zerodha's strategy Kamath also emphasised that Zerodha's strategy is not to pressure consumers to trade and to make sure that there are no obtrusive notifications, dark patterns, etc., adding that customers who trade less have a better chance of long-term success. 'And yeah, I still feel our real competition is going to be more from first-generation founders who are running, breathing, and always thinking about broking. I somehow don't feel it will really come from incumbents. This is not a business where having deep pockets means you have a large moat,' said Nithin Kamath. (With Inputs From ANI)
Time of India
03-07-2025
- Business
- Time of India
‘The biggest issue is…': Zerodha's Nithin Kamath reacts to Jio-BlackRock's entry into broking; says ‘not a business where deep pockets will…'
'The biggest issue is…': Zerodha's Nithin Kamath reacts to Jio-BlackRock entry into broking Zerodha CEO Nithin Kamath on Thursday weighed in on the entry of Jio-BlackRock into India's stockbroking space, calling it a positive development that could help broaden retail participation in financial markets. Taking to social media platform X, Kamath remarked, 'Firstly, this is great news. The biggest issue for the Indian markets is a lack of breadth in participation. We're largely limited to the top 10 crore Indians.' He added that if any player has the scale and infrastructure to take investing to the masses, it is likely to be Jio, citing its deep distribution network. 'If anyone can expand the markets beyond the top 10 crore Indians, it's probably Jio with all its distribution might,' he said. Kamath's comments came after JioBlackRock Broking received regulatory clearance from SEBI to begin operations, reported ANI. The new broking firm is a wholly owned subsidiary of Jio BlackRock Investment Advisers, a 50:50 joint venture between Jio Financial Services Limited and BlackRock Inc. The new platform aims to offer affordable, technology-driven execution services to Indian investors, alongside advisory and asset management capabilities. As per ANI, Marc Pilgrem, CEO of JioBlackRock Investment Advisers, said, 'We are delighted to receive SEBI's final approval for JioBlackRock Broking, which moves us closer to contributing to India's continued evolution from a nation of savers to a nation of investors.' The firm plans to deliver a full suite of investment services, combining BlackRock's global investment expertise with Jio's digital reach. 'These are exciting times for us,' said Hitesh Sethia, CEO of Jio Financial Services. 'This approval adds another dimension to our strategy of democratising investments in India, through easily accessible and digital-first solutions.' While welcoming the move, Kamath used the opportunity to reiterate Zerodha's core philosophy, stressing that the firm avoids pushing customers into trading and focuses instead on long-term, sustainable investing. 'We are not chasing vanity metrics. The idea is to stay profitable and… do the right thing for customers,' he wrote. Kamath further added that Zerodha avoids using aggressive nudges or manipulative design tactics to drive trading volumes, saying that their strategy is built on ensuring users trade less to succeed more. 'We're in no hurry. We are in it for the long haul,' he added, highlighting that their growth is not driven by pricing gimmicks or short-term customer acquisition. Reflecting on competition, Kamath argued that the real challenge for Zerodha would likely not come from large corporates like Jio-BlackRock, but from new-age entrepreneurs who are immersed in the business. 'I still feel our real competition is going to be more from first-generation founders who are running, breathing, and always thinking about broking,' he said. 'This is not a business where having deep pockets means you have a large moat. ' Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
02-07-2025
- Business
- Mint
‘If anyone can expand markets beyond top 10 cr Indians...': Zerodha's Nithin Kamath on Jio-BlackRock's broking biz move
Online brokerage platform Zerodha's Chief Executive Officer (CEO), Nithin Kamath, in a social media post on LinkedIn, said that Jio-BlackRock entering the stock broking business is 'great news,' highlighting the need for wider participation in the Indian markets. According to Nithin Kamath, the Indian market is limited to only the nation's top 10 crore people participating due to the lack of wider audience reach. 'Many people asked me about Jio-BlackRock getting a stockbroking license. Firstly, this is great news. The biggest issue for the Indian markets is a lack of breadth in participation. We're largely limited to the top 10 crore Indians,' said Kamanth in his LinkedIn post. He said that if any company can expand the current market, it is Jio-BlackRock with its distribution power. 'If anyone can expand the markets beyond the top 10 crore Indians, it's probably Jio with all its distribution might. As for how many new Indian investors have the money to invest in the market, I don't know,' he said. Kamath focused on how Zerodha is not chasing"vanity metrics," and its idea is to stay profitable and stick to the principles and philosophies that have gotten it this far. 'At the heart of our philosophy is to always do the right thing for customers,' said Kamath in his LinkedIn post on 2 July 2025. Zerodha's philosophy is not to push customers to trade and ensure that there are no unnecessary notifications, dark patterns, etc, highlighted Kamath, stating that success over the long term has better odds if customers trade less. 'We understand that in the long term, the odds of success are better if customers trade less; most of our product decisions are based on this. We're not interested in acquiring customers using one plan and changing the pricing later,' said Kamath in his post. Zerodha CEO also said that the company is not in a hurry and is working for the 'long haul' to offer the best products and help the customers grow with the brokerage. However, Nithin Kamath also highlighted that the same can not be said about other financial services businesses in the sector, who are constantly seeking to grow their business at any cost. 'And yeah, I still feel our real competition is going to be more from first-generation founders who are running, breathing, and always thinking about broking. I somehow don't feel it is really going to be from incumbents. This is not a business where having deep pockets means you have a large moat,' said Kamath, sharing his perspective through the LinkedIn post.
News18
27-06-2025
- Business
- News18
Jio BlackRock Receives Sebi Nod For Brokerage Services: Here's All You Need To Know
Last Updated: 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. Disclaimer: Network18 and TV18 – the companies that operate – are controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary. About the Author Mohammad Haris Haris is Deputy News Editor (Business) at He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously More Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18.
