Liquid Fund targets short-term investors
The JioBlackRock Liquid Fund is designed for investors seeking regular income over a short-term investment horizon. According to the scheme information document, the fund will invest in money market and debt instruments with residual maturity of up to 91 days.
The minimum investment amount is ₹500. The scheme carries a graded exit load, starting at 0.0070% on Day 1 and reducing to zero from Day 7 onwards.Money Market Fund focuses on up to one-year maturity
The JioBlackRock Money Market Fund aims to generate regular income by investing in money market instruments with residual maturity of up to one year. It also requires a minimum investment of ₹500 and carries no exit load.
The scheme is positioned as a stable option for investors looking to park funds for slightly longer durations within the low-risk spectrum.
Overnight Fund offers daily maturity exposure
The JioBlackRock Overnight Fund seeks to generate income through investments in debt and money market instruments with overnight maturity. Like the other two offerings, the minimum subscription amount is ₹500, and the scheme comes with no exit load. This fund is suited for investors looking to park funds for a day or more with minimal interest rate risk.
These launches mark the official entry of JioBlackRock Asset Management, a 50:50 joint venture between Jio Financial Services and BlackRock, into India’s mutual fund market. Earlier this month, the firm rolled out its website and early access registration for investors, providing educational resources and previews of its digital-first platform.
Investors can subscribe to the schemes via the fund’s platform or participating distributors during the NFO period.