JioBlackRock’s Debut Mutual Fund Offering Collects Over ₹17,800 Crore Across Three Schemes:

JioBlackRock’s Debut Mutual Fund Offering Collects Over ₹17,800 Crore Across Three Schemes:

Daily Current Affairs   /   JioBlackRock’s Debut Mutual Fund Offering Collects Over ₹17,800 Crore Across Three Schemes:

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Category : Business and economics Published on: July 09 2025

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In a significant entry into the Indian mutual fund sector, JioBlackRock Asset Management, a 50:50 joint venture between Jio Financial Services and global investment firm BlackRock, concluded its maiden New Fund Offer (NFO) by raising over ₹17,800 crore (approximately USD 2.1 billion). The funds were mobilized through three schemes: JioBlackRock Overnight Fund, Liquid Fund, and Money Market Fund, marking a robust debut in the asset management space.

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