Jio BlackRock’s NFO Blitz: ₹17,800 Cr Raised in Debut Fund Launch, Signals Big Bang Entry

Jio BlackRock Asset Management, the joint venture between Reliance’s Jio Financial Services and global investment giant BlackRock, has made a thunderous debut in India’s mutual fund space by raising over ₹17,800 crore through its maiden New Fund Offer (NFO). The fund house launched three debt schemes—Overnight Fund, Liquid Fund, and Money Market Fund—between June 30 and July 2, attracting massive investor interest across retail and institutional segments.

 

The overwhelming response is being seen as a vote of confidence in Jio BlackRock’s digital-first, low-cost investing model, which combines BlackRock’s global expertise with Jio’s distribution muscle. The funds were priced at ₹1,000 per unit, with a minimum investment of just ₹500, making them highly accessible.

 

CEO Sid Swaminathan stated that the success of the NFO validates their mission to “democratize investing” in India. The AMC plans to roll out equity and hybrid funds in the coming months, further expanding its product suite.

 

Key Highlights:

Source: CNBC TV18, Economic Times