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News18
09-07-2025
- Business
- News18
Jio BlackRock To Launch 8 New Mix Debt And Equity Funds, Seeks SEBI's Nod: Report
Last Updated: Jio BlackRock Mutual Fund plans to launch 8 new funds, seeking approval. Their first three debt-oriented NFOs raised Rs 17,800 crore, aiming to widen the retail investor base. Jio BlackRock Mutual Fund: Jio BlackRock Mutual Fund is looking to launch 8 new funds after a successful debut. According to a Reuters report, the mutual fund JV is seeking the market regulator's permission for these 8 new NFOs. Most of these NFOs will allow investment as low as Rs 500, aimed at widening the retail investor base. The Reuters report underlines that Jio BlackRock Asset Management plans to introduce nearly a dozen equity and debt funds in India by the year-end, focusing on small-ticket investments. The first three NFOs of Jio BlackRock Asset Management were debt-oriented. The AMC successfully raised Rs 17,800 crore through these three MF schemes. Since acquiring the licence in May, the AMC launched three open-ended debt schemes – Jio BlackRock Liquid Fund, Jio BlackRock Money Market Fund, and Jio BlackRock Overnight Fund. The venture is a collaboration between Jio Financial Services, a subsidiary of Mukesh Ambani's Reliance Industries Ltd, and the US-based investment firm BlackRock. These three abovementioned funds opened for subscription from June 30 and be remained available until July 2. They had the minimum investment requirement of Rs 500. A Debt MF is a kind of mutual fund that invests money in fixed-instruments like government bonds, corporate bonds, T-bills, commercial papers, and certificates of deposits. The initial offer, lasting three days and concluding on July 2, 2025, garnered attention from over 90 institutional investors and more than 67,000 retail investors, according to Jio BlackRock's statement. Sid Swaminathan, Managing Director and CEO of JioBlackRock Asset Management, expressed his appreciation: 'The overwhelming response to our first NFO from institutional and retail investors is a strong endorsement of Jio BlackRock Asset Management's innovative investment philosophy, risk management capabilities, and digital-first approach. This is a significant start to our mission of transforming India's investment landscape and catering to a wide range of investors. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
07-07-2025
- Business
- Mint
Jio Financial share price snaps 3-day losing run, gains as Jio Blackrock raises ₹17,800 crore via maiden NFO
Jio Blackrock Asset Management, a 50:50 joint venture between Jio Financial Services and Blackrock, announced the successful closure of its maiden new fund offer, driving the shares of Jio Financial higher on Monday after a three-day fall. Jio BlackRock recorded a total investment of ₹ 17,800 crore in its maiden NFO across three cash and debt mutual fund schemes – JioBlackRock Overnight Fund, JioBlackRock Liquid Fund and JioBlackRock Money Market Fund. The three-day NFO, which was launched on June 30, 2025, and closed on July 2, 2025, attracted interest from over 90 institutional investors. The cash/debt mutual fund schemes also recorded an overwhelming response from retail investors, with over 67,000 individuals investing in these funds during the offer period. The NFO was one of 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 houses, the company said in a release. These first funds offered by JioBlackRock Asset Management provide a broad range of investors choice to manage different elements of cash and short-term allocations, and put cash to work for meeting differing liquidity, risk and return objectives, the company added. "Short-duration debt and money market mutual funds are a solution for investors looking to get yield by holding lower-volatility and short-term funds, without locking into a long-term commitment and providing clients with the flexibility to meet their liquidity needs. They serve as tools for investment portfolio builders, corporate treasuries and retail investors alike," Jio Blackrock said. Against the backdrop of strong demand for Jio Blackrock funds, Jio Financial share price rallied in trade today, snapping its three-day losing run. Jio Financial share price opened at ₹ 324.60, slightly lower than its last closing price of ₹ 325 on the BSE. However, it soon rebounded to touch the day's high of ₹ 329.65 apiece, an upside of 1.4%. The large-cap stock, part of Mukesh Ambani's Reliance group, having a market capitalisation of ₹ 2 lakh crore, has rallied 54% in the past three months. However, the stock is down 7% for the year.
India.com
07-07-2025
- Business
- India.com
Mukesh Ambani hits record! raised Rs 178000000000 in just…, receives massive response to 3 schemes of…
Jio BlackRock made an announcement after completing its first New Fund Offer (NFO). The company raised Rs 17800 crore (around USD 2.1 billion) across three mutual fund schemes. Mukesh Ambani's Jio BlackRock Mutual Fund announced that its maiden NFO got massive response in three schemes: Jio BlackRock Overnight Fund Jio BlackRock Liquid Fund Jio BlackRock Money Market Fund Jio BlackRock NFO The NFO was open for only three days from June 30 to July 2, 2025. Despite the short timespan, the offering received huge investments from over 90 institutional investors. The company follows a data-driven investment approach and operates through digital-first systems. The response from retail investors was also good. As more than 67,000 individuals participated in the fund offerings. 'These first funds offered by JioBlackRock Asset Management provide a broad range of investors choice to manage different elements of cash and short-term allocations, and put cash to work for meeting differing liquidity, risk and return objectives. Short duration debt and money market mutual funds are a solution for investors looking to get yield by holding lower-volatility and short-term funds, without locking into a long-term commitment and providing clients with the flexibility to meet their liquidity needs,' Jio BlackRock Asset Management Private Limited said. Jio BlackRock Ranking The NFO, which closed on July 2, 2025, is now one of the largest cash/debt fund offerings in the country. Jio BlackRock Asset Management was ranked as India's top 15 asset management companies (AMCs), out of a total of 47 fund houses. The funds offered by Jio BlackRock provide investors tools to manage liquidity and short-term allocation needs, helping them balance liquidity, risk, and return based on their individual goals.
Mint
07-07-2025
- Business
- Mint
Jio Financial share price snaps 3-day losing run, gains as Jio Blackrock raises ₹17,800 crore via maiden NFO
Jio Blackrock Asset Management, a 50:50 joint venture between Jio Financial Services and Blackrock, announced the successful closure of its maiden new fund offer, driving the shares of Jio Financial higher on Monday after a three-day fall. Jio BlackRock recorded a total investment of ₹ 17,800 crore in its maiden NFO across three cash and debt mutual fund schemes – JioBlackRock Overnight Fund, JioBlackRock Liquid Fund and JioBlackRock Money Market Fund. The three-day NFO, which was launched on June 30, 2025, and closed on July 2, 2025, attracted interest from over 90 institutional investors. The cash/debt mutual fund schemes also recorded an overwhelming response from retail investors, with over 67,000 individuals investing in these funds during the offer period. The NFO was one of 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 houses, the company said in a release. These first funds offered by JioBlackRock Asset Management provide a broad range of investors choice to manage different elements of cash and short-term allocations, and put cash to work for meeting differing liquidity, risk and return objectives, the company added. "Short-duration debt and money market mutual funds are a solution for investors looking to get yield by holding lower-volatility and short-term funds, without locking into a long-term commitment and providing clients with the flexibility to meet their liquidity needs. They serve as tools for investment portfolio builders, corporate treasuries and retail investors alike," Jio Blackrock said. Against the backdrop of strong demand for Jio Blackrock funds, Jio Financial share price rallied in trade today, snapping its three-day losing run. Jio Financial share price opened at ₹ 324.60, slightly lower than its last closing price of ₹ 325 on the BSE. However, it soon rebounded to touch the day's high of ₹ 329.65 apiece, an upside of 1.4%. The large-cap stock, part of Mukesh Ambani's Reliance group, having a market capitalisation of ₹ 2 lakh crore, has rallied 54% in the past three months. However, the stock is down 7% for the year. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
News18
30-06-2025
- Business
- News18
Jio BlackRock Launches 3 Debt NFOs Today; Here's How To Invest With Just Rs 500
Last Updated: JioBlackRock Mutual Funds: These three funds will open for subscription from June 30 and will remain available until July 2. Jio Blackrock Mutual Funds NFOs: Jio BlackRock Mutual Fund, the JV between Jio Financial Services and BlackRock, has officially begun operations in India by launching three open-ended debt schemes – Jio BlackRock Liquid Fund, Jio BlackRock Money Market Fund, and Jio BlackRock Overnight Fund. These three abovementioned funds will open for subscription from June 30 and will remain available until July 2. They have the minimum investment requirement of Rs 500. A Debt MF is a kind of mutual fund that invests money in fixed-instruments like government bonds, corporate bonds, T-bills, commercial papers, and certificates of deposits. Jio BlackRock Liquid Fund NFO The Jio BlackRock Liquid Fund targets investors seeking regular income over a short-term period. As per the scheme information document, the fund will invest in money market and debt instruments with a residual maturity of up to 91 days. Investors can start with a minimum investment of Rs 500. The scheme has a graded exit load, starting at 0.0070% on Day 1 and reducing to zero from Day 7 onwards. The Jio BlackRock Money Market Fund is designed to generate regular income by investing in money market instruments with up to one-year maturity. It also requires a minimum investment of Rs 500 and has no exit load. The Jio BlackRock Overnight Fund aims to generate income by investing in debt and money market instruments with overnight maturity. Similar to the other two funds, the minimum subscription amount is Rs 500, and the scheme has no exit load. This fund is perfect for investors wanting to park funds for a day or more with minimal interest rate risk. How to Invest in Jio BlackRock Mutual Funds (Liquid, Money Market & Overnight Funds) tags : Mutual fund Location : New Delhi, India, India First Published: June 30, 2025, 14:27 IST News business » savings-and-investments Jio BlackRock Launches 3 Debt NFOs Today; Here's How To Invest With Just Rs 500
