JioBlackRock Asset Management Pvt Ltd, a 50:50 three way partnership between Jio Financial Services Limited (JFSL) and BlackRock, on Monday introduced closure of its maiden New Fund Offer (NFO), recording a complete funding of ₹17,800 crore ($ 2.1 billion).
The fund was mobilised from three money/debt mutual fund schemes — JioBlackRock Overnight Fund, JioBlackRock Liquid Fund and JioBlackRock Money Market Fund.
The three-day NFO, which was launched on June 30, 2025, attracted investments from over 90 institutional buyers, reflecting confidence in JioBlackRock Asset Management’s worth proposition that mixes data-driven investing and a digital-first strategy, the fund home stated in a press release.
The money/debt mutual fund schemes additionally recorded an awesome response from retail buyers, with over 67,000 people investing in these funds through the supply interval.
The NFO, which closed on July 2, 2025 was one of many largest in India’s money/debt fund section, putting JioBlackRock Asset Management among the many high 15 asset administration corporations by debt property beneath administration within the nation, out of 47 fund homes, it stated.
These first funds supplied by JioBlackRock Asset Management present a broad vary of buyers option to handle totally different parts of money and short-term allocations, and put money to work for assembly differing liquidity, threat and return aims, it stated.
Short period debt and cash market mutual funds are an answer for buyers trying to get yield by holding lower-volatility and short-term funds, with out locking right into a long-term dedication and offering purchasers with the flexibleness to fulfill their liquidity wants.
They function instruments for funding portfolio builders, company treasuries and retail buyers alike, it stated.
