diff --git a/server/src/main/java/org/opensearch/index/store/remote/utils/TransferManager.java b/server/src/main/java/org/opensearch/index/store/remote/utils/TransferManager.java
index e4fcc7328f2a7..670251aadfdd3 100644
--- a/server/src/main/java/org/opensearch/index/store/remote/utils/TransferManager.java
+++ b/server/src/main/java/org/opensearch/index/store/remote/utils/TransferManager.java
@@ -25,7 +25,6 @@
 import java.util.Objects;
 import java.util.concurrent.CompletableFuture;
 import java.util.concurrent.ExecutorService;
-import java.util.function.Supplier;
 
 /**
  * This acts as entry point to fetch {@link BlobFetchRequest} and return actual {@link IndexInput}. Utilizes the BlobContainer interface to
@@ -53,21 +52,20 @@ public TransferManager(final BlobContainer blobContainer, final ExecutorService
      * @return future of IndexInput augmented with internal caching maintenance tasks
      */
     public CompletableFuture<IndexInput> asyncFetchBlob(BlobFetchRequest blobFetchRequest) {
-        return asyncFetchBlob(blobFetchRequest.getFilePath(), () -> {
+        return invocationLinearizer.linearize(blobFetchRequest.getFilePath(), p -> {
             try {
                 return fetchBlob(blobFetchRequest);
             } catch (IOException e) {
                 throw new IllegalStateException(e);
             }
-        });
-    }
-
-    private CompletableFuture<IndexInput> asyncFetchBlob(Path path, Supplier<IndexInput> indexInputSupplier) {
-        return invocationLinearizer.linearize(path, p -> indexInputSupplier.get());
+        }).thenApply(IndexInput::clone);
     }
 
-    /*
-    This method accessed through the ConcurrentInvocationLinearizer so read-check-write is acceptable here
+    /**
+     * Fetches the "origin" IndexInput from the cache, downloading it first if it is
+     * not already cached. This instance must be cloned before using. This method is
+     * accessed through the ConcurrentInvocationLinearizer so read-check-write is
+     * acceptable here
      */
     private IndexInput fetchBlob(BlobFetchRequest blobFetchRequest) throws IOException {
         // check if the origin is already in block cache
@@ -101,8 +99,7 @@ private IndexInput fetchBlob(BlobFetchRequest blobFetchRequest) throws IOExcepti
             fileCache.put(blobFetchRequest.getFilePath(), newOrigin);
             origin = newOrigin;
         }
-        // always, need to clone to do refcount += 1, and rely on GC to clean these IndexInput which will refcount -= 1
-        return origin.clone();
+        return origin;
     }
 
     private IndexInput downloadBlockLocally(BlobFetchRequest blobFetchRequest) throws IOException {
diff --git a/server/src/test/java/org/opensearch/index/store/remote/utils/TransferManagerTests.java b/server/src/test/java/org/opensearch/index/store/remote/utils/TransferManagerTests.java
new file mode 100644
index 0000000000000..fc9aaf36a4ea6
--- /dev/null
+++ b/server/src/test/java/org/opensearch/index/store/remote/utils/TransferManagerTests.java
@@ -0,0 +1,101 @@
+/*
+ * SPDX-License-Identifier: Apache-2.0
+ *
+ * The OpenSearch Contributors require contributions made to
+ * this file be licensed under the Apache-2.0 license or a
+ * compatible open source license.
+ */
+
+package org.opensearch.index.store.remote.utils;
+
+import java.io.ByteArrayInputStream;
+import java.util.ArrayList;
+import java.util.List;
+import java.util.concurrent.ExecutionException;
+import java.util.concurrent.ExecutorService;
+import java.util.concurrent.Executors;
+import java.util.concurrent.Future;
+import java.util.concurrent.TimeUnit;
+
+import org.apache.lucene.store.IndexInput;
+import org.apache.lucene.store.MMapDirectory;
+import org.apache.lucene.store.SimpleFSLockFactory;
+import org.hamcrest.MatcherAssert;
+import org.junit.After;
+import org.junit.Before;
+import org.opensearch.common.blobstore.BlobContainer;
+import org.opensearch.index.store.remote.file.CleanerDaemonThreadLeakFilter;
+import org.opensearch.index.store.remote.filecache.FileCache;
+import org.opensearch.index.store.remote.filecache.FileCacheFactory;
+import org.opensearch.test.OpenSearchTestCase;
+
+import com.carrotsearch.randomizedtesting.annotations.ThreadLeakFilters;
+
+import static org.hamcrest.Matchers.equalTo;
+import static org.mockito.Mockito.doAnswer;
+import static org.mockito.Mockito.mock;
+
+@ThreadLeakFilters(filters = CleanerDaemonThreadLeakFilter.class)
+public class TransferManagerTests extends OpenSearchTestCase {
+    private final FileCache fileCache = FileCacheFactory.createConcurrentLRUFileCache(1024 * 1024, 8);
+    private final ExecutorService executor = Executors.newSingleThreadExecutor();
+    private MMapDirectory directory;
+    private BlobContainer blobContainer;
+    private TransferManager transferManager;
+
+    @Before
+    public void setUp() throws Exception {
+        super.setUp();
+        directory = new MMapDirectory(createTempDir(), SimpleFSLockFactory.INSTANCE);
+        blobContainer = mock(BlobContainer.class);
+        doAnswer(i -> new ByteArrayInputStream(new byte[] { 0, 1, 2, 3, 4, 5, 6, 7 })).when(blobContainer).readBlob("blob", 0, 8);
+        transferManager = new TransferManager(blobContainer, executor, fileCache);
+    }
+
+    @After
+    public void tearDown() throws Exception {
+        super.tearDown();
+        executor.shutdown();
+        assertTrue(executor.awaitTermination(1, TimeUnit.SECONDS));
+    }
+
+    public void testSingleAccess() throws Exception {
+        try (IndexInput i = fetchBlob()) {
+            i.seek(7);
+            MatcherAssert.assertThat(i.readByte(), equalTo((byte) 7));
+        }
+    }
+
+    public void testConcurrentAccess() throws Exception {
+        // Kick off multiple threads that all concurrently request the same resource
+        final ExecutorService testRunner = Executors.newFixedThreadPool(8);
+        try {
+            final List<Future<IndexInput>> futures = new ArrayList<>();
+            for (int i = 0; i < 8; i++) {
+                futures.add(testRunner.submit(this::fetchBlob));
+            }
+            // Wait for all threads to complete
+            for (Future<IndexInput> future : futures) {
+                future.get(1, TimeUnit.SECONDS);
+            }
+            // Assert that all IndexInputs are independently positioned by seeking
+            // to the end and closing each one. If not independent, then this would
+            // result in EOFExceptions and/or NPEs.
+            for (Future<IndexInput> future : futures) {
+                try (IndexInput i = future.get()) {
+                    i.seek(7);
+                    MatcherAssert.assertThat(i.readByte(), equalTo((byte) 7));
+                }
+            }
+        } finally {
+            testRunner.shutdown();
+            assertTrue(testRunner.awaitTermination(1, TimeUnit.SECONDS));
+        }
+    }
+
+    private IndexInput fetchBlob() throws ExecutionException, InterruptedException {
+        return transferManager.asyncFetchBlob(
+            BlobFetchRequest.builder().blobName("blob").position(0).fileName("file").directory(directory).length(8).build()
+        ).get();
+    }
+}