JioBlackRock Asset Management Co launches early access program, new website

JioBlackRock Asset Management, a joint venture between Jio Financial Services and US-based investment giant BlackRock, has launched its official website and an early access program for users ahead of the rollout of its digital investment platform.

The firm, structured as a 50:50 partnership, also unveiled its leadership team on Monday (June 9), naming Sid Swaminathan as Managing Director and CEO. Swaminathan previously led BlackRock’s International Index Equity division and managed $1.25 trillion in assets.

What the early access program offers

Through the early access program, users can register on the company’s website to preview its digital offerings. The platform will offer educational material on investment basics and share updates on upcoming products. Registered users will be able to invest once the platform goes live.

Swaminathan said, “This is a milestone moment for JioBlackRock Asset Management. The leadership team is working hard on our value proposition of innovative products at competitive and transparent pricing. Over the coming months, JioBlackRock Asset Management intends to launch a range of investment products, including those that apply BlackRock’s industry leading capabilities in data-driven investing.”

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Sebi gives final approval to JioBlackRock

The Securities and Exchange Board of India (SEBI) granted final approval to JioBlackRock on May 26 to commence mutual fund operations. In-principle approval was given in October 2024. The partners had incorporated Jio BlackRock Asset Management Private Limited and Jio BlackRock Trustee Private Limited that same month, pending regulatory clearance.

The new asset management firm aims to make investing more accessible and affordable for Indian consumers by leveraging Jio’s digital infrastructure and BlackRock’s global investment expertise. The company said it will focus on offering data-driven, competitively priced investment products as part of its upcoming launch.

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