Jio BlackRock MF NFOs raise ₹17,800 crore, enters top 35 fund houses

Jio BlackRock Asset Management’s three maiden mutual fund (MF) offerings—overnight, liquid and money market garnered ₹17,800 crore in investments during the launch period, the company said in a release.

By Connect Gujarat Desk 07 Jul 2025 in Business

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Jio BlackRock MF NFOs raise ₹17,800 crore, enters top 35 fund houses

Jio BlackRock Asset Management’s three maiden mutual fund (MF) offerings—overnight, liquid and money market—garnered ₹17,800 crore in investments during the launch period, the company said in a release.

As a result of the strong new fund offering (NFO) collection, Jio BlackRock is now among the top 35 fund houses by total assets under management (AUM) in the 47-player industry.

The newly launched fund house is also among the top 15 players by debt AUM, the release stated.

In addition to institutions, the NFOs garnered flows from over 67,000 retail investors.

Jio BlackRock AMC, a 50:50 joint venture between Jio Financial Services (JFS) and BlackRock, had received final approval from the Securities and Exchange Board of India (Sebi) to start a mutual fund business only in May.

The asset manager had first announced its plan to foray into the mutual fund space in July 2023. It received in-principle approval from Sebi for the MF business on 4 October 2024.

The joint venture is headed by Sid Swaminathan as its Managing Director and Chief Executive Officer (CEO).

He was previously Head of International Index Equity at BlackRock, where he was responsible for assets under management of $1.25 trillion.

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