Jio BlackRock Asset Management, a joint venture between Jio Financial Services and BlackRock, has launched its first mutual fund offerings in India. The company raised approximately $2.1 billion across three cash and debt mutual fund schemes.
The New Fund Offer (NFO) began on June 30, 2025, attracting investments from over 90 institutional and 67,000 retail investors. This positions Jio BlackRock among the top 15 asset management companies in India by debt Assets Under Management (AUM).
Sid Swaminathan, formerly of BlackRock, leads the venture as Managing Director and CEO. The company also introduced BlackRock's Aladdin platform to simplify investing for Indian investors.