US EditionJio BlackRock Raises More than $2.1 Billion Through Debut Mutual Fund Offers
INDIA, JUL 07 – Jio BlackRock's maiden offer raised $2.1 billion from over 90 institutional and 67,000 retail investors, marking one of India's largest cash and debt fund launches.
- JioBlackRock Asset Management closed its maiden New Fund Offer from June 30 to July 2, 2025, raising ₹17,800 crore .
- This debut came shortly after the joint venture was granted regulatory approval to operate mutual funds in May, capitalizing on the collaboration between Jio Financial Services and BlackRock.
- The New Fund Offer by JioBlackRock Asset Management, involving a trio of cash and debt mutual fund options, drew participation from more than ninety institutional entities and exceeded sixty-seven thousand individual investors through a digital direct-to-consumer strategy.
- JioBlackRock aims to reduce distribution costs by using data-driven, digital-first investment strategies and BlackRock’s Aladdin platform to deliver consistent returns.
- The successful NFO positions JioBlackRock among India’s top 15 asset managers by debt assets, indicating growth potential in a market where mutual funds represent 16% of GDP.
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Total News Sources22
Leaning Left3Leaning Right4Center3Last UpdatedBias Distribution40% Right
Bias Distribution
- 40% of the sources lean Right
40% Right
L 30%
C 30%
R 40%
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