Jio BlackRock Asset Management Raises ₹17,800 Crore In Debut NFO

Jio BlackRock Asset Management Pvt Ltd has made a landmark debut in India’s mutual fund industry by raising over ₹17,800 crore (approximately USD 2.1 billion) in its first New Fund Offer (NFO).

This marks the largest-ever mobilisation of funds in the country’s cash and debt mutual fund category to date.

The company launched three open-ended schemes:

• Jio BlackRock Overnight Fund
• Jio BlackRock Liquid Fund
• Jio BlackRock Money Market Fund

These funds received strong participation from both institutional investors (over 90) and more than 67,000 retail investors, signalling wide investor confidence.

This performance has immediately placed Jio BlackRock among the top 15 asset management companies in India out of the 47 operating fund houses.

Strategic joint venture & digital onboarding

Jio BlackRock Asset Management is a strategic joint venture between Jio Financial Services Ltd (JFSL) and global investment giant BlackRock Inc.

The NFO opened on 30 June 2025 and closed on 2 July 2025, achieving unprecedented traction in just three days.

To simplify the investment process, the company introduced a unique ‘Account Creation Initiative’.

This feature allows users to create an investment account in minutes through the Jio Finance app, reflecting the venture’s digital-first approach.

The strategy aims to enhance accessibility, especially for first-time and retail investors.

Sundarshan Swaminathan, Managing Director and CEO of Jio BlackRock Asset Management, expressed pride over the NFO’s success.

“The overwhelming response from both institutional and retail investors validates our investment philosophy, risk management capabilities, and our focus on digital innovation. This is a major step in establishing Jio BlackRock as a formidable force in India’s evolving investment landscape,” he stated.

Swaminathan further highlighted that the success of this NFO is a strong foundation for future offerings, particularly with a focus on financial inclusion and investor trust.

With its record-breaking debut, Jio BlackRock is not just entering the Indian mutual fund market—it is setting new standards, particularly in digital accessibility and investor onboarding.

Moreover, the venture’s digital tools, strategic backing, and robust fund offerings position it as a serious contender in reshaping India’s retail investment space.

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