The Jio Blackrock Asset Management has raised ₹ 17800 crore through three cash/date mutual fund schemes. Jio Blackrock announced this on 7 July today. These strong funds- Jioblackrock Overnight Fund, Jioblackrock Liquid Fund and JioBlackrock Liquid Fund (JioBlackrock Liquid Fund) and JioBlackrock MARAT MARATE Fund Are. Jio is a joint venture between Mukesh Ambani, a unit of Reliance Industries of Mukesh Ambani, Jio Financial Services and Blackrock of America. The asset management company says that this is its strong start in the investment segment in India.
Jioblackrock’s first offer is strong from all sides
Jiobaccrock’s first issue was opened for three days. It received strong response not only from institutional investors but also from retail investors. According to the announcement of the asset management company, more than 90 institutional investors and more than 67 thousand retail investors participated in this issue. The NFO closed on 2 July 2025 and was one of the biggest issues in the country’s cash/date fund segment. Through this NFO, according to the date AUM (Asset Under Management), the JioCroacrock Asset Management 47 Fund Houses became one of the 15 largest asset management companies in the country.
Strong start of JioBaccrock towards bringing change
The first NFO of the Jioquacock Asset Management received a strong response from investors. Regarding this, Sid Swaminathan, MD and CEO of Asset Management Company, says that the first NFO has a strong start towards changing the emerging investment environment of investment in the country with institutional and retail investors. The JioCroacrock Asset Management says that through these funds, according to different types of needs, investors help investors to achieve the target of liquidity, risk and return.
Disclaimer: Moneycontrol is part of Network 18 Group. Network 18 controls Independent Media Trust, whose only beneficiary is Reliance Industries.