Jio BlackRock Gets SEBI Approval To Operate As Investment Adviser
Through a letter dated June 10, SEBI granted certificate of registration to the company to act as an investment adviser, a stock exchange filing said.
Jio BlackRock Investment Advisers Pvt. on Wednesday announced it has received approval from the Securities and Exchange Board of India to operate as an investment adviser.
Through a letter dated June 10, the markets regulator granted certificate of registration to the company to act as an investment adviser, a stock exchange filing said.
The firm can now offer personalised, insight-driven investment solutions through a digital-first platform, aiming to democratise access to wealth management services across the country.
Earlier this week, joint venture company Jio BlackRock Asset Management Pvt. announced the appointment of its executive leadership team to drive operations. The company appointed Amit Bhosale as chief risk officer, Amol Pai as chief technology officer and Biraja Tripathy as head of product, among others.
The mutual fund company had already announced the appointment of Sid Swaminathan as managing director and chief executive officer last month.
"Together, the team is set to deliver Jio BlackRock’s mission to transform investing in India by making it more accessible and affordable for millions of people," the company said in a statement.
Jio BlackRock Asset Management has also announced an early access initiative on its website. The initiative invites individuals to register their interest in Jio BlackRock Asset Management's digital-first offering.
The company offers participants an early look at its value proposition and a chance to dive into its educational content. Upon registration, users gain access to resources covering investment basics, along with features that will enable them to invest directly once the offering goes live.
Jio Finance stock settled 0.15% higher at Rs 303.1 apiece, after the announcement, compared to a 0.2% advance in the benchmark BSE Sensex.
