Synopsis:
Jio BlackRock has successfully raised Rs. 17,800 crore through its first New Fund Offering (NFO), comprising three short-term debt mutual funds which are the Overnight Fund, Liquid Fund, and Money Market Fund.
In a landmark debut, Jio BlackRock Asset Management has entered India’s mutual fund industry with remarkable momentum, leveraging the combined strength of Reliance’s financial reach and BlackRock’s global investment expertise.
Price moment
With market capitalization of Rs. 2,08,388 cr, the shares of Jio Financial Services Ltd were currently trading at 328.05 per share with 0.95% upside in today’s market, with previous closing of Rs. 324.95 per share.
What’s the news
Jio BlackRock Asset Management, the joint venture between Jio Financial Services (a Reliance Industries Ltd. company) and U.S.-based BlackRock, has raised an impressive Rs. 17,800 crore through its first set of mutual fund schemes, marking a strong debut in India’s asset management space.
The offering included three short-term debt mutual funds which are the JioBlackRock Overnight Fund, Liquid Fund, and Money Market Fund and attracted participation from over 90 institutional investors and 67,000+ retail investors during the three-day new fund offer (NFO) that closed on July 2, 2025.
According to the company, this maiden fundraising positions Jio BlackRock among the top 15 asset management companies in India by debt AUM, out of 47 registered fund houses.
Also read: Shipping stock jumps over 4% after signing MoA to acquire two Gas Carriers with 82,000 CBM
Management Comments
Sid Swaminathan, Managing Director and CEO of Jio BlackRock Asset Management called the response “a powerful endorsement” of the firm’s digital-first approach, strong risk management, and innovative investment strategy. He emphasized the company’s goal of becoming a transformative force in India’s evolving investment ecosystem.
The three funds cater to a broad range of investor needs, particularly those looking to earn returns from low-risk, short-duration investments while retaining liquidity and flexibility. These schemes are ideal for cash management, short-term allocation, and meeting varied risk-return objectives without locking into long-term commitments.
Jio Financial Services Ltd. (JFSL), a subsidiary of Reliance Industries, is focused on building a digital-first financial ecosystem in India. Its key areas include consumer and business lending, insurance (life, health, and general), asset management through its JV with BlackRock, and digital financial services like payments and wealth management. As an RBI-registered NBFC, JFSL aims to offer affordable, tech-driven financial solutions by leveraging Reliance’s vast digital and retail networks.
Jio Financial Services reported a 10 percent increase in total income to Rs. 2,043 crore in FY25, up from Rs. 1,855 crore in FY24. This was largely due to higher net gains on fair value changes (Rs. 794 crore) and increased dividend income (Rs. 241 crore). While interest income dipped, other income significantly rose.
Despite a 49% surge in total expenses to Rs. 485 crore, driven by staff and operating costs, profit after tax remained stable at Rs. 1,613 crore, close to FY24’s Rs. 1,605 crore, demonstrating effective cost and investment management.
Written by Manideep Appana
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
The post Jio BlackRock raises ₹17,800 Cr through debut New Fund Offering appeared first on Trade Brains.