JioBlackRock’s First Mutual Fund NFO Raises ₹17,800 Crore Across Three Debt Schemes


JioBlackRock’s First Mutual Fund NFO Raises ₹17,800 Crore Across Three Debt Schemes





JioBlackRock Asset Management has announced the successful closure of its first-ever New Fund Offer (NFO), raising an impressive ₹17,800 crore (approximately $2.1 billion) across three newly launched mutual fund schemes: JioBlackRock Overnight Fund, JioBlackRock Liquid Fund, and JioBlackRock Money Market Fund.

The NFO, which ran for three days from June 30 to July 2, 2025, saw strong participation from over 90 institutional investors. In addition, more than 67,000 individual investors subscribed to the schemes, highlighting widespread trust in the new fund house.

This achievement places JioBlackRock among the top 15 asset management companies in India by Debt Assets Under Management (AUM), out of 47 total fund houses operating in the country.

The fund house stated that these offerings are designed to meet a wide variety of investment goals. Short-duration debt and money market funds offer a suitable solution for investors looking for low-risk, short-term returns while maintaining liquidity and flexibility, without being tied down by long-term commitments.

According to the company, “These funds give investors the ability to optimize their cash management strategies, balancing liquidity, risk, and return efficiently.”

These schemes are ideal for a broad range of users including individual investors, corporate treasuries, and investment portfolio managers.

Sid Swaminathan, Managing Director and CEO of JioBlackRock Asset Management, remarked:
“The strong interest from both institutional and retail investors confirms the market's confidence in our investment philosophy, risk framework, and technology-driven approach. This is a promising beginning to our mission to redefine investment access across India.”

JioBlackRock Asset Management is a 50:50 joint venture between Jio Financial Services Limited (JFSL) and BlackRock, a global leader in asset management. The partnership is focused on merging BlackRock’s global expertise and risk management technology with JFSL’s deep understanding of the Indian market and digital distribution network.

JFSL, a Core Investment Company registered with the Reserve Bank of India, runs a range of financial businesses through entities such as:

  • Jio Finance Limited
  • Jio Insurance Broking Limited
  • Jio Payment Solutions Limited
  • Jio Leasing Services Limited
  • Jio Finance Platform and Services Limited
  • Jio Payments Bank Limited

As of 11:20 AM on the day of the announcement, shares of Jio Financial Services were trading at ₹328.50, reflecting a 1.09% increase on the Bombay Stock Exchange (BSE).

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