According to reports, JioBlackRock Asset Management Pvt Ltd, a joint venture between Jio Financial Services Limited and BlackRock, successfully closed its maiden New Fund Offer (NFO) with a total investment of ₹17,800 crore.
Key highlights:
• NFO attracted investments from 90+ institutional investors.
• Three cash/debt mutual fund schemes contributed to the raised capital.
• Over 67,000 retail investors participated in the fund schemes.
• JioBlackRock Asset Management now ranks among the top 15 asset management companies in India by debt assets under management.
The development showcases growing investor confidence in Indian markets and highlights significant opportunities for investment in the country’s financial sector.
Source: Business News Today, Latest Finance News | The Hindu