Mukesh Ambani raises ₹17,800 crore fast, 3 schemes get huge response

Jio BlackRock Raises ₹17,800 Crore in First NFO, Becomes Top 15 AMC in India

Jio BlackRock Mutual Fund, a joint venture between Mukesh Ambani’s Jio and global investment giant BlackRock, has successfully completed its first-ever New Fund Offer (NFO), raising a record ₹17,800 crore (USD 2.1 billion) in just three days. The offering, open from June 30 to July 2, 2025, attracted wide investor interest across three key debt mutual fund schemes:

Jio BlackRock Overnight Fund

Jio BlackRock Liquid Fund

Jio BlackRock Money Market Fund

Despite the brief window, the NFO received a massive response from over 90 institutional investors, alongside strong retail participation from more than 67,000 individual investors.

A Data-Driven, Digital-First Approach

Jio BlackRock emphasized its digital-first operations and data-driven investment strategy as key reasons for the overwhelming response. According to the company, the three funds cater to diverse investor needs related to liquidity, short-term yield, and risk-adjusted returns, without requiring long-term commitment.

“These funds offer flexibility and stability, helping investors meet liquidity needs while optimizing short-term returns,” Jio BlackRock Asset Management stated.

NFO Sets New Benchmark in Indian Mutual Fund Industry

Following the success of this debut NFO, Jio BlackRock is now ranked among India’s top 15 asset management companies (AMCs) out of 47 total fund houses — a remarkable achievement for a new entrant in the space.

With a focus on short-duration debt and money market instruments, the schemes aim to help both retail and institutional investors manage cash allocations efficiently.