JioBlackRock raises ₹17,800 crore in maiden NFO, enters Top 15 AMCs in debt AUM

JioBlackRock Asset Management, a 50:50 joint venture between Jio Financial Services and global investment giant BlackRock, has raised ₹17,800 crore ($2.1 billion) through its maiden new fund offer (NFO). Boosted by the development, shares of Jio Financial Services shares rose 1.4% to ₹329.50 on the BSE, while its market capitalisation climbed to ₹2.09 lakh crore.

From institutions to individuals, JioBlackRock Asset Management’s mutual fund schemes—JioBlackRock Overnight Fund, JioBlackRock Liquid Fund and JioBlackRock Money Market Fund—garnered an overwhelming response from all segment of investors.

“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 company said in a release.

In addition, the mutual fund schemes recorded an overwhelming response from retail investors, with over 67,000 individuals investing in these funds during the offer period, it added.

The NFO, which closed on July 2, 2025, was one of the largest in India’s cash/debt fund segment, placing JioBlackRock Asset Management among the Top 15 asset management companies by debt assets under management in the country, out of a total of 47 fund houses, the release noted.

“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,” said Sid Swaminathan, Managing Director and CEO, JioBlackRock Asset Management.

According to the company, these first funds provide a broad range of investors choice to manage different elements of cash and short-term allocations, and put cash to work for meeting differing liquidity, risk and return objectives. “Short duration debt and money market mutual funds are a solution for investors looking to get yield by holding lower-volatility and short-term funds, without locking into a long-term commitment and providing clients with the flexibility to meet their liquidity needs. They serve as tools for investment portfolio builders, corporate treasuries, and retail investors alike.”

To boost retail participation, JioBlackRock has launched an account creation initiative through the JioFinance app. This is designed to simplify onboarding, allowing customers to create investment-ready accounts within minutes through the JioFinance app.

The development came a week after the market regulator the Securities and Exchange Board of India (Sebi) allowed Jio BlackRock Broking to act as a stockbroker and clearing member.