Get the Daily and Latest Current Affairs 2025 on our website. These current affairs are Updated by our specialists and are relevant for all competitive tests UPSC, SSC, IAS, Railway-RRB, UPPSC, and Other State Government and Central Jobs/Exams.
Category : Business and economics
Published on: July 09 2025
Share on facebook
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.