JioBlackRock Raises ₹17,800 Crore in Maiden NFO, Secures Top 15 Spot in India’s Debt Fund Market

JioBlackRock Asset Management Pvt Ltd, a 50:50 joint venture between Jio Financial Services Limited (JFSL) and global investment giant BlackRock, announced the successful closure of its maiden New Fund Offer (NFO), raising ₹17,800 crore (~$2.1 billion) across three cash/debt mutual fund schemes: JioBlackRock Overnight Fund, JioBlackRock Liquid Fund, and JioBlackRock Money Market Fund, according to PTI. The three-day NFO, held from June 30 to July 2, 2025, marked one of India’s largest in the cash/debt segment, propelling JioBlackRock into the top 15 asset management companies by debt assets under management (AUM) among 47 fund houses.

The NFO attracted over 90 institutional investors and more than 67,000 retail investors, reflecting strong confidence in JioBlackRock’s data-driven, digital-first investment approach. “The overwhelming response is a powerful endorsement of our innovative investment philosophy and risk management capabilities,” said Sid Swaminathan, Managing Director and CEO of JioBlackRock Asset Management. The funds, designed for low-volatility and short-term liquidity, cater to portfolio builders, corporate treasuries, and retail investors seeking flexible cash management without long-term commitments.

Leveraging Jio’s JioFinance app and BlackRock’s Aladdin platform, the venture offers a zero-cost entry model, targeting India’s 1.2 billion internet users to democratize wealth creation. With India’s mutual fund AUM at ₹72.2 lakh crore as of May 2025, and a low 16% AUM-to-GDP ratio, JioBlackRock’s low-cost, tech-driven strategy aims to boost financial inclusion. Shares of Jio Financial Services rose 1.15% to ₹328.70 on the NSE, reflecting market optimism about the venture’s debut.

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