JioBlackRock Asset Management Company has introduced three new mutual fund schemes (NFOs) aimed at providing regular income.
These New Fund Offers (NFOs) closed for public subscription on July 2, but starting from July 7, investors can make regular investments in these schemes through SIP or lump sum.
Investment can also be made using the company’s mobile app.
This asset management company is a 50:50 joint venture between Jio Financial Services, owned by Mukesh Ambani, and the world’s largest asset manager, BlackRock.
The Three Mutual Fund Schemes:
Jio BlackRock Money Market Fund
Jio BlackRock Overnight Fund
Jio BlackRock Liquid Fund
Ideal for Regular Income
All three schemes belong to the debt fund category. The company aims to offer low-cost debt mutual funds to make investing simple and affordable for millions of Indians.
The purpose of these new schemes is to offer regular income by investing in short and ultra short-term options.
From July 7, 2025, investors will be able to invest in these mutual fund schemes regularly. These will now be NAV-based open-ended funds, meaning investors can start SIP or lump sum investments any day.
Money Market Fund: Maturity Up to 1 Year
The Jio BlackRock Money Market Fund plans to offer regular income by investing in money market instruments that mature in up to 1 year.
Minimum investment: ₹500
Exit load: None
Lock-in period: None
Risk level: Low to Moderate (as per the riskometer)
Benchmark: NIFTY Money Market Index AI
This fund is ideal for investors looking for a low-risk option for slightly longer durations.
Overnight Fund: Daily Maturity
The Jio BlackRock Overnight Fund is designed to generate income through daily maturity by investing in debt and money market instruments.
Minimum investment: ₹500
Exit load: None
Lock-in period: None
This scheme is suitable for those who want to safely park their surplus funds for a day or more, with minimal interest rate risk.
Liquid Fund: Maturity of 91 Days
The Jio BlackRock Liquid Fund has been launched in a scenario of expected interest rate cuts in India. In such an environment, this fund may offer a good opportunity for investors.
Minimum investment: ₹500
Exit load: Between 0.0070% and 0.0045% if redeemed within 6 days
Lock-in period: None
This fund is designed to offer short-term liquidity and low risk, making it a good choice for investors who want to manage their idle cash more efficiently.
The fund invests in ultra-short-term debt and money market instruments with a maturity of up to 91 days.
