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JioBlackRock Closes NFO For New Funds With $2.1 Bn Investment

  • JioBlackRock has closed its maiden new fund offer (NFO) with a total investment of $2.1 billion.
  • The funds were raised for three cash and debt mutual fund schemes, attracting investments from over 90 institutional investors.
  • JioBlackRock has launched three funds on its platform: Overnight Fund, Money Market Fund, and Liquid Fund.
  • JioBlackRock Asset Management introduced a new initiative for simplified onboarding and announced plans for its super app in the financial services sector.

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