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JioBlackRock Asset Management Pvt Ltd a 50:50 joint venture between Jio Financial Services Ltd (JFSL) and US-based BlackRock on Tuesday announced the launch of its first set of five index funds under a New Fund Offering (NFO).
The NFO will commence on August 5, 2025, and close on August 12, 2025, Jio BlackRock Asset Management Pvt said in a statement.
This marks a pivotal moment in the organisation’s mission to deliver diversification, cost efficiency, reliability, transparency, and digitally empowered investment solutions to Indian investors, it said.
The five index funds include Nifty 50 Index Fund, Nifty Next 50 Index Fund, and Nifty 8-13 year G-Sec Index Fund, it said.
These funds offer simple, affordable investment solutions to both first-time investors looking to build a well-balanced portfolio, as well as experienced investors looking to scale their existing portfolio, it said.
The fund house had mobilised Rs 17,800 crore from maiden NFO. The fund was garnered from three cash/debt mutual fund schemes JioBlackRock Overnight Fund, JioBlackRock Liquid Fund and JioBlackRock Money Market Fund.
Paytm Money, a wholly-owned subsidiary of One97 Communications Limited (OCL) and a wealth-tech platform, has partnered with JioBlackRock Asset Management to offer easy access to its five Index Fund New Fund Offers (NFOs), directly through the Paytm Money app.
As a Direct Mutual Fund platform, Paytm Money offers zero commission on mutual fund investments, along with no hidden charges and zero cost on account opening.
Following the successful debut of JioBlackRock’s initial NFOs, which saw robust retail participation with over 7,000 successful transactions on the Paytm app, 45 per cent of these transactions were through SIPs.
(With Inputs From PTI)
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