JioBlackRock Mutual Fund Achieves Major Milestone with ₹17,800 Cr in First NFO
JioBlackRock Mutual Fund has marked an impressive entry into India’s asset management space, successfully raising more than ₹17,800 crore (approximately USD 2.1 billion) through its debut New Fund Offer (NFO). The offering spanned three schemes: JioBlackRock Overnight Fund, JioBlackRock Liquid Fund, and JioBlackRock Money Market Fund.
The NFO, which ran from June 30 to July 2, drew participation from over 90 institutional investors, underlining strong market confidence in the newly launched venture’s tech-driven, digital-first investment philosophy.
This landmark fundraising signals a robust start for JioBlackRock Asset Management, a joint venture between Reliance Industries’ Jio Financial Services and global investment giant BlackRock, and sets a strong tone for future offerings in India’s rapidly evolving mutual fund landscape.
