JIOBLACKROCK MUTUAL FUND RAISES ₹17,800 CR VIA MAIDEN NFO

JioBlackRock Asset Management Pvt Ltd, a 50:50 joint venture between Jio Financial Services Limited (JFSL) and BlackRock, on Monday announced closure of its maiden New Fund Offer (NFO), recording a total investment of ₹17,800 crore (~$2.1 billion).

- Press Trust of India

The fund was mobilised from three cash/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 investors, reflecting confidence in JioBlackRock Asset Management's value proposition that combines data-driven investing and a digital-first approach, the fund house said in a statement.