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Jio BlackRock raises more than $2.1 billion through debut mutual fund offers
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Jio BlackRock raises more than $2.1 billion through debut mutual fund offers
Jul 6, 2025 10:52 PM

July 7 (Reuters) - Jio BlackRock Asset Management said

on Monday it has raised more than $2.1 billion across three cash

or debt mutual fund schemes, its first offering since getting

the licence in May.

Jio BlackRock is a joint venture between Jio Financial

Services, part of Indian billionaire Mukesh Ambani's

Reliance Industries Ltd, and U.S.-based BlackRock ( BLK )

.

The three-day maiden offer attracted investments from over

90 institutional investors and from more than 67,000 retail

investors, Jio BlackRock said in a statement.

($1 = 85.7140 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Janane

Venkatraman and Mrigank Dhaniwala)

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