07-07-2025
Jio BlackRock NFOs draw 67,000 retail investors, 90+ institutions
Synopsis
JioBlackRock Mutual Fund's debut NFOs saw robust investor participation, with over 67,000 retail investors and more than 90 institutional investors subscribing. The fund house raised Rs 17,800 crore across three schemes, reflecting strong confidence in its digital-first, data-driven investment approach. The company aims to simplify access via the JioFinance and MyJio apps, signaling a tech-led investing shift.
JioBlackRock Mutual Fund: JioBlackRock's debut NFOs raise Rs 17,800 crore from 67,000 retail and 90+ institutional investors. JioBlackRock Mutual Fund, which launched three new fund offers (NFOs), received an overwhelming response from retail investors, with over 67,000 individuals investing during the offer period. The fund also attracted investments from more than 90 institutional to the fund house, the participation from over 90 institutions reflects confidence in JioBlackRock Asset Management's value proposition, which combines data-driven investing with a digital-first approach.
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JioBlackRock Mutual Fund announced that it has received total investments of Rs 17,800 crore (USD 2.1 billion) across three cash/debt mutual fund schemes — the JioBlackRock Overnight Fund, JioBlackRock Liquid Fund, and JioBlackRock Money Market new fund offer (NFO) for these three schemes was open from June 30 to July 2.
'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 NFOs launched by the fund house were among 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 47 fund initial offerings provide a broad range of investors with options to manage various elements of cash and short-term allocations, helping them put idle funds to work while meeting different liquidity, risk, and return objectives.
Short-duration debt and money market mutual funds offer a solution for investors seeking yield through lower-volatility, short-term instruments—without locking into long-term commitments. They provide flexibility to meet liquidity needs and are useful tools for portfolio builders, corporate treasuries, and retail investors alike, the fund house noted. JioBlackRock Asset Management has also announced an Account Creation Initiative aimed at enabling retail investors to benefit from its systematic investment approach and participate in upcoming fund offerings.
Also Read | Mazagon Dock and Radico Khaitan among 19 stocks which are upgraded in H2 CY25 Designed to simplify onboarding, the initiative allows customers to create investment-ready accounts within minutes through the JioFinance app. All a customer needs to do is download and/or open the JioFinance app, tap the 'Invest' tab at the bottom of the homepage, and begin the account creation and investment week, the fund house announced the launch of mutual fund access on the MyJio app via its social media platforms, calling it a new era of social platform X, the fund house posted: 'A new era of investing has begun on the MyJio app.'
