Gioblackrock: Jio Blackrock Asset Management Private Limited has earned an investment of more than Rs 17,800 crore (~ USD 2.1 billion) in its first New Fund Offer (NFO). The company launched 3 cash/loan mutual funds. These included Jioblackrock Overnight Fund, JioBacrock Liquid Fund and JioBacrock Money Market Fund. More than 90 institutional investors and more than 67,000 persons invested in these funds during the offer period.Also Read: Jiobacock approves sebi for mutual fund business
The Jio Blackrock Asset Management Company is actually a joint venture of Jio Financial Services Limited (JFSL) and Blackrock Inc. The new fund offer, which started on 30 June, closed on July 2, 2025. This New Fund Offer was the largest in India’s cash/loan fund segment, which included the JioCroacrock Asset Management among the top 15 asset management companies of the 47 fund houses in the country.Also Read: Jio is at the forefront of Madhya Pradesh and Chhattisgarh, Jio dominates in broadband service
NFO received tremendous response: Sid Swaminathan, Managing Director and CEO of JioCroacrock Asset Management, said that ‘our first NFOs have received tremendous response between institutional and retail investors. It underlines the investment philosophy, risk management capabilities and digital-first approaches of Jiobaccrock Asset Management. This is a strong step towards emerging as a force in India’s developing investment scenario.Also Read: Jio and Airtel coupled more than 99 percent new customers in May
The beginning of ‘Account Creation Initiative’: The JioCroacrock Asset Management Company has also started an ‘account Creation Initiative’ to attract retail investors. This initiative is designed to simplify onboarding. In this Initiative, the customer can create his account for investment in minutes through the Geoffinance App.
Edited by: Ravindra Gupta
