By Admin 
Jio Blackrock Asset Management Private Limited (JioCroaccrock Asset Management) has earned an investment of more than Rs 17,800 crore (~ USD 2.1 billion) in its first New Fund Offer (NFO). The company launched three cash/loan mutual funds. These included the Jiobaccrock Overnight Fund, Jioquacock Liquid Fund and the Jioquacock Money Market Fund. More than 90 institutional investors and more than 67,000 persons invested in these funds during the offer period. & Nbsp;
Jio Blackrock Asset Management Company is actually a joint venture of Jio Financial Services Limited (JFSL) and Blackrock Inc. The new fund offer, which started on 30 June, closed on July 02, 2025. This new fund offer was the largest in India’s cash/loan fund segment, which included the JioCroacrock Asset Management among the top 15 asset management companies of the country’s 47 fund houses.
Sid Swaminathan, Managing Director and CEO of Jiobaccrock Asset Management said: "Our first NFO has received tremendous response among institutional and retail investors. It underlines the investment philosophy, risk management capabilities and digital-first approaches of Jiobaccrock Asset Management. This is a strong step towards emerging as a force in India’s developing investment scenario."
Jiobaccrock Asset Management Company a & lsquo to attract retail investors, account Creation Initiative & rsquo; Has also started. This initiative is designed to simplify onboarding. In this Initiative, the customer can create his account for investment in minutes through the Geoffinance App.