Jio BlackRock Asset Management the 50:50 joint venture between Jio Financial Services and BlackRock had already successfully raised over Rs 17800 crore ($2.1 billion) through the initial offering of three debt mutual fund schemes. The company has also secured approval from market regulator SEBI to launch five mutual fund schemes. Jio BlackRock New Mutual Funds Scheme These funds are JioBackRock Nifty 50 index JioBlackRock Nifty 8-13 yr G-Sec Index Fund JioBlackRock Nifty Smallcap 250 Index Fund JioBlackRock Nifty Next 50 Index Fund and JioBlackRock Nifty Midcap 150 Index Fund an update with Sebi showed on Wednesday. On July 7 JioBlackRock Asset Management announced the closure of its maiden New Fund Offer (NFO) recording a total investment of Rs 17800 crore (USD 2.1 billion). The fund was mobilised from three cash/debt mutual fund schemes -- JioBlackRock Overnight Fund JioBlackRock Liquid Fund and JioBlackRock Money Market Fund. The three-day NFO received an overwhelming response from over 90 institutional investors and more than 67000 retail investors.  Jio BlackRock NFO The three-day New Fund Offer (NFO) held from June 30 to July 2 drew investments from more than 90 institutional investors. According to a press release this strong response highlights investor confidence in Jio BlackRock Asset Management’s data-driven investment strategy and digital-first approach. “The overwhelming response to our first NFO from institutional and retail investors is a powerful endorsement of JioBlackRock Asset Management’s innovative investment philosophy risk management capabilities and digital-first approach. This is a strong start to our journey towards becoming a transformative force in India’s evolving investment landscape catering to all types of investors” said Sid Swaminathan Managing Director and CEO JioBlackRock Asset Management. (With Inputs From PTI)