Overview

• The three-day offer closed on July 2 after mobilising Rs 17,800 crore across the Overnight Fund, Liquid Fund and Money Market Fund.
• Over 90 institutional investors and more than 67,000 retail clients subscribed to the cash and debt schemes.
• The inflows rank Jio BlackRock among the top 15 asset managers in India’s cash/debt segment by assets under management.
• The 50:50 joint venture combines Jio Financial Services’ telecom-platform reach with BlackRock’s Aladdin risk-management technology.
• Pending SEBI clearances, it plans up to 12 new equity and debt schemes targeting small-ticket investors via a direct distribution model.