Jio and Blackrock’s partnership has taken its first step firmly in the world of fund management. His three cash funds NFO received a record response. It was successful in raising Rs 17,877 crore in just a few days through NFO. Record -breaking retail participation, digital access and brand trust made it historic.
Understand these special things
Record aum
Jio Blackrock has raised a total of 17,876.75 crore through 3 Schemes (Overnight, Liquid, Money Market). This is one of the largest cash fund NFOs ever.
Brand and technology strength
Blackrock’s Global Investment Experts and Jio’s digital access was first met. Tools such as Aladdin and My Jio and Jio Finance apps made investment very easy and reliable.
Unmatched retail response
The share of about 77,000 retail folios, which is several times more than the 1479 retail folio for Bajaj in 2023. It is clear that people are now investing money in cash funds instead of savings accounts.
Digital infrastructure becomes a gamechanger
More than 50,000 investment has become a new benchmark in the cash/date fund category with more than 68,000 digital transactions.
Institutional support also strong
The participation of more than 90 institutional investors strongly supported the value proposal of Jio Blackrock. This proved the corporate trust and long -term scalance.
Ticket size and investment profiles
The average ticket size in retail was Rs 8,528 (overnite fund), Rs 10,959 (liquid) and Rs 10,429 (money market). Retail vs HNI Folio has a ratio of 97: 3, that is, the focus remained on the common investor.
Sid Swaminathan, managing director and CEO of JioCroacock Asset Management, said, “Our first NFO has received great response from institutional and common investors. Growing. “
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