Jio BlackRock Raises $2.1B in Mutual Fund Offerings

  Published 1 year ago

Jio BlackRock raises $2.1B in cash/debt mutual funds, first offering since May license, attracting 90+ institutions and 67K+ retail investors.

  • A joint venture between Reliance's Jio Financial and U.S.-based BlackRock raised $2.1B in a debut offer.
  • Three-day offering attracted 90+ institutional and 67,000+ retail investors.
  • Funds focus on cash/debt, the first since the May 2023 license approval, with strong retail and institutional demand.

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