Jio BlackRock Mutual Fund has launched three new debt schemes, opening for subscription today, June 30, 2025, and closing on July 2, 2025. The New Fund Offers (NFOs) include the JioBlackRock Liquid Fund, the JioBlackRock Money Market Fund, and the JioBlackRock Overnight Fund. Investors can begin with a minimum investment of ₹500 in each of these schemes.

Offer Details and Objectives

These schemes are designed to provide investors with options for earning regular income while taking on varying degrees of risk. All three funds will be managed by Vikrant Mehta, Arun Ramachandran, and Siddharth Deb. The schemes will only offer direct plans with growth options.

• JioBlackRock Liquid Fund: This open-ended scheme invests in debt and money market instruments with maturities of up to 91 days. It is classified as having low credit and interest rate risk (A-I risk class) and is benchmarked against the Nifty Liquid Index A-I. This fund is suitable for investors seeking regular income over a short-term horizon and looking to park surplus money.
• JioBlackRock Money Market Fund: This fund invests in money market instruments with residual maturities of up to one year. It carries a relatively low interest rate risk and moderate credit risk (B-I classification). The benchmark for this scheme is the Nifty Money Market Index A-I. It is designed for investors seeking regular income through investments in money market instruments.
• JioBlackRock Overnight Fund: This scheme invests exclusively in instruments with overnight maturity and is classified under the lowest risk category (A-I). It uses the Nifty 1D Rate Index as its benchmark, aiming to provide income in line with overnight call rates.

Investment and Redemption

The minimum application amount for a lump sum investment in all three funds is ₹500, with subsequent investments allowed in any amount thereafter. Systematic Investment Plans (SIP) are also available starting at ₹500, with weekly, monthly, and quarterly frequency options.

For the Liquid Fund, a graded exit load structure will apply: 0.0070% if redeemed within 1 day, decreasing to 0.0045% if redeemed within 6 days. There is no exit load applicable for the Money Market Fund. Post NFO, units will be available for continuous purchase and redemption at NAV-based prices. Redemption proceeds will typically be processed within three business days.

Why Launch NFOs?

Asset Management Companies (AMCs) launch NFOs to introduce unique investment strategies, address evolving economic trends, and meet changing investor needs. NFOs allow investors to participate in a new strategy from its inception and can sometimes offer units at an introductory price. They can also help investors diversify their portfolios by introducing new themes or asset classes.

About Jio BlackRock Mutual Fund

Jio BlackRock Mutual Fund is a 50:50 joint venture between Jio Financial Services and BlackRock, leveraging Jio Financial Services’ digital infrastructure and local market knowledge with BlackRock’s global investment expertise. The AMC received SEBI's approval to operate as an investment manager in India around late May 2025. BlackRock's Aladdin investment platform is being deployed in India for the first time through this partnership.

Considerations Before Investing

Potential investors should note that these funds are relatively new, and Jio BlackRock has no established track record in managing funds. Experts recommend consulting with a financial advisor before investing. While liquid funds are generally considered a safe avenue for parking surplus cash, returns might be moderate. Investors should also carefully review the Scheme Information Document (SID) of each fund to understand the investment strategy, risk factors, and other important details.