JioBlackRock Investment Aadvisers gets SEBI approval

Mumbai, Jun 11: Jio BlackRock Investment Advisers Private Limited, the 50:50 joint venture between Jio Financial Services Limited (JFSL) and BlackRock Inc., has received regulatory approval from the Securities and Exchange Board of India (SEBI) and BSE Limited to commence operations as a Registered Investment Adviser in India.

This development follows SEBI’s earlier approval, announced on May 27, for Jio BlackRock Asset Management Private Limited to begin its mutual fund operations in the country.

With the new advisory license, JioBlackRock Investment Advisers will focus on building a digital-first platform tailored to the evolving financial needs of Indian investors. The firm said more details on its offerings will be shared at a later stage.

Hitesh Sethia, MD and CEO of Jio Financial Services, welcomed the approval, calling it a significant step forward in their strategic collaboration with BlackRock. “As Indian investors increasingly seek personalised, insight-driven solutions, this joint venture is set to democratize access to high-quality advisory services. We believe JioBlackRock will redefine wealth creation in India through global expertise and local relevance,” he said.