Last Updated:July 07, 2025, 15:09 IST
Jio BlackRock Asset Management raised Rs 17,800 crore through its first three mutual fund schemes, attracting over 90 institutional and 67,000 retail investors.
The NFO, which closed on July 2, 2025 was one of the largest in India’s cash/debt fund segment.
Jio BlackRock Asset Management announced on July 7 that it has successfully raised Rs 17,800 crore through its first three mutual fund schemes since acquiring the licence in May. Earlier, Jio BlackRock launched three open-ended debt schemes – Jio BlackRock Liquid Fund, Jio BlackRock Money Market Fund, and Jio BlackRock Overnight Fund.
The venture is a collaboration between Jio Financial Services, a subsidiary of Mukesh Ambani’s Reliance Industries Ltd, and the US-based investment firm BlackRock.
These three abovementioned funds opened for subscription from June 30 and be remained available until July 2. They have the minimum investment requirement of Rs 500. A Debt MF is a kind of mutual fund that invests money in fixed-instruments like government bonds, corporate bonds, T-bills, commercial papers, and certificates of deposits.
The initial offer, lasting three days and concluding on July 2, 2025, garnered attention from over 90 institutional investors and more than 67,000 retail investors, according to Jio BlackRock’s statement.
This significant inflow places JioBlackRock Asset Management among the top 15 asset management companies by Debt Assets Under Management in India, out of a total of 47 fund houses.
Sid Swaminathan, Managing Director and CEO of JioBlackRock Asset Management, expressed his appreciation: “The overwhelming response to our first NFO from institutional and retail investors is a strong endorsement of Jio BlackRock Asset Management’s innovative investment philosophy, risk management capabilities, and digital-first approach. This is a significant start to our mission of transforming India’s investment landscape and catering to a wide range of investors.”
Jio BlackRock Liquid Fund NFO
The Jio BlackRock Liquid Fund targets investors seeking regular income over a short-term period. As per the scheme information document, the fund will invest in money market and debt instruments with a residual maturity of up to 91 days.
Investors can start with a minimum investment of Rs 500. The scheme has a graded exit load, starting at 0.0070% on Day 1 and reducing to zero from Day 7 onwards.
Money Market Fund for Up to One-Year Maturity
The Jio BlackRock Money Market Fund is designed to generate regular income by investing in money market instruments with up to one-year maturity. It also requires a minimum investment of Rs 500 and has no exit load.
This scheme is ideal for investors looking for a stable option to park funds for slightly longer durations within the low-risk category.
Overnight Fund for Daily Maturity Exposure
The Jio BlackRock Overnight Fund aims to generate income by investing in debt and money market instruments with overnight maturity. Similar to the other two funds, the minimum subscription amount is Rs 500, and the scheme has no exit load. This fund is perfect for investors wanting to park funds for a day or more with minimal interest rate risk.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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