Jio BlackRock raises Rs 17,800 crore through debut NFO

Jio Financial Services

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26 Aug, 2025 12:21

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Jio BlackRock Asset Management said on July 7 it has raised Rs 17,800 crore across three cash or debt mutual fund schemes, its first offering since getting the licence in May. The three schemes are JioBlackRock Overnight Fund, JioBlackRock Liquid Fund and JioBlackRock Money Market Fund.

Jio BlackRock is a joint venture between Jio Financial Services, part of Mukesh Ambani's Reliance Industries Ltd, and US-based BlackRock.

The three-day maiden offer attracted investments from over 90 institutional investors and from more than 67,000 retail investors, Jio BlackRock said in a statement.

The NFO, which closed on July 2, 2025 was one of the largest in India’s cash/debt fund segment, placing JioBlackRock Asset Management among the top 15 asset management companies by Debt Assets Under Management in the country, out of 47 fund houses, said the firm.

Sid Swaminathan, Managing Director and CEO, JioBlackRock Asset Management said: “The overwhelming response to our first NFO from institutional and retail investors is a powerful endorsement of Jio BlackRock Asset Management’s innovative investment philosophy, risk management capabilities and digital-first approach. This is a strong start to our journey towards becoming a transformative force in India’s evolving investment landscape, catering to all types of investors.”

"These first funds offered by JioBlackRock Asset Management provide a broad range of investors choice to manage different elements of cash and short-term allocations, and put cash to work for meeting differing liquidity, risk and return objectives. Short duration debt and money market mutual funds are a solution for investors looking to get yield by holding lower-volatility and short-term funds, without locking into a long-term commitment and providing clients with the flexibility to meet their liquidity needs. They serve as tools for investment portfolio builders, corporate treasuries and retail investors alike," said the firm.

Disclaimer: Moneycontrol is part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.