Jio BlackRock Mutual Fund Debut Raises Rs 17,800 Crore, Joins Top 15 Asset Management Companies in India

Jio BlackRock Asset Management Private Limited, the 50:50 joint venture between Jio Financial Services Limited (JFSL) and global investment giant BlackRock has announced the successful completion of its maiden New Fund Offer (NFO), raising over Rs 17,800 crore or USD 2.1 billion across three cash/debt mutual fund schemes.

Jio BlackRock Mutual Fund Debut: Placed Among Top 15 Assest Management Firms

The NFO, which ran for just three days from June 30 to July 2, 2025, has positioned the company among the top 15 asset management firms in India by Debt Assets Under Management, out of a total of 47 fund houses.

The strong response underscores investor confidence in Jio BlackRock's differentiated offering that blends data-driven investing with a digital-first approach. The three schemes including Jio BlackRock Overnight Fund, Liquid Fund, and Money Market Fund attracted participation from more than 90 institutional investors, alongside a remarkable retail response with over 67,000 individual investors subscribing during the offer period.

This debut makes Jio BlackRock one of the most significant new entrants in India's asset management space, particularly in the short-term debt and money market mutual fund category. These funds offer investors flexible options for managing liquidity and yield without the constraints of long-term commitments appealing to corporate treasuries, retail investors and portfolio builders alike.

Sid Swaminathan, Managing Director and CEO of Jio BlackRock Asset Management, commented on the milestone, "The overwhelming response to our first NFO from institutional and retail investors is a powerful endorsement of JioBlackRock Asset Management's innovative investment philosophy, risk management capabilities and digital-first approach. This is a strong start to our journey towards becoming a transformative force in India's evolving investment landscape, catering to all types of investors."

To further democratise access to its offerings, Jio BlackRock has launched an Account Creation Initiative, enabling retail investors to seamlessly open investment-ready accounts through the JioFinance app. Customers can simply open the app, tap the 'Invest' tab on the homepage, and begin their investment journey within minutes.

With this momentum, Jio BlackRock Asset Management aims to expand its footprint in India's growing mutual fund industry and continue offering accessible, tech-driven investment solutions to a broad spectrum of investors.

About JioBlackRock Asset Management Private Limited

JioBlackRock Asset Management Private Limited which is commonly known as JioBlackRock Asset Management or JBAMPL is a joint venture between Jio Financial Services Limited and BlackRock, one of the world's largest and most respected asset management firms.

About Jio Financial Services Limited (JFSL)

Jio Financial Services Limited (JFSL) is a Core Investment Company (CIC) registered with the Reserve Bank of India (RBI), serving as the financial services arm of Reliance Industries. As a new-age, digitally driven institution, JFSL operates a comprehensive financial services ecosystem through its portfolio of customer-focused entities. These include Jio Finance Limited, Jio Insurance Broking Limited, Jio Payment Solutions Limited, Jio Leasing Services Limited, Jio Finance Platform and Services Limited, and Jio Payments Bank Limited.