JioBlackRock Mutual Fund mobilises over ₹17,800 crore in maiden NFO, ranks among top debt fund players

THEBUSINESSBYTES BUREAU

NEW DELHI, JULY 7, 2025

JioBlackRock Asset Management Pvt. Ltd., a 50:50 joint venture between Jio Financial Services Limited (JFSL) and global investment giant BlackRock, has successfully concluded its maiden New Fund Offer (NFO), raising an impressive ₹17,800 crore (approximately USD 2.1 billion). The three-day offering, launched on June 30, 2025, and closed on July 2, marks one of the largest NFOs in India’s cash and debt mutual fund segment.

The funds were mobilised through three newly launched schemes — JioBlackRock Overnight Fund, JioBlackRock Liquid Fund, and JioBlackRock Money Market Fund — which drew investments from more than 90 institutional investors. The overwhelming response highlights investor confidence in the firm’s data-driven investment philosophy and its tech-enabled, digital-first distribution strategy.

Retail participation was equally robust, with over 67,000 individual investors subscribing during the brief offer window. The strong debut positions JioBlackRock Asset Management among the top 15 asset management companies in India in terms of debt assets under management, out of 47 fund houses nationwide.

According to the company, the three schemes offer investors a range of options for managing cash and short-term allocations. Designed for both institutional and retail investors, the funds aim to meet varying liquidity, risk, and return preferences without requiring long-term commitments. The firm added that short-duration debt and money market mutual funds are particularly well-suited for investors seeking stable yields through low-volatility instruments, while retaining the flexibility to access their capital as needed.

JioBlackRock’s successful entry into India’s mutual fund market signals a significant milestone in the evolution of digital-first, globally-aligned asset management solutions tailored to the needs of Indian investors.