India, July 8 -- Over a month after receiving SEBI's nod to operate as an asset management company (AMC), JioBlackRock has closed its maiden new fund offer (NFO) with a total investment of INR 17,800 Cr ($2.1 Bn).

The funds have been raised across three cash and debt mutual fund schemes - JioBlackRock Overnight Fund, JioBlackRock Liquid Fund and JioBlackRock Money Market Fund.

The NFO for the three funds was launched on June 30 and closed on July 2. JioBlackRock, which is a 50:50 joint venture between Reliance-backed Jio Financial Services (JFS) and global investor BlackRock, claims that the NFO attracted investments from over 90 institutional investors.

With the closing of the funds, JFS has taken its investment offering live on its p...