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On June 16, 2025, Jio BlackRock Mutual Fund, a joint venture between Reliance Industries’ Jio Financial Services and global asset management giant BlackRock, has launched its first-ever investment product, the JioBlackRock Overnight Fund.
This open-ended debt fund focuses on overnight securities and is available at an NFO price of Rs.1,000 per unit. After the NFO period, the fund will be available for subscription and redemption on all business days.
Low-Risk, High-Liquidity Option for Short-Term Investors
The Jio BlackRock Overnight Fund is designed for investors looking for low-risk and high-liquidity options for short-term investments. The fund invests mainly in overnight debt and money market instruments like government securities, treasury bills and repos. It carries a very low risk, making it a good choice for parking funds for short periods.
Investment details are given in the table below:
| Parameter | Details |
|---|---|
| NFO Price | Rs.1,000 per unit |
| Minimum Investment | Rs.500 (lumpsum/SIP/Switch-in) |
| Exit Load | Nil |
| NAV Disclosure | Daily by 11 PM on AMFI & AMC websites |
| Redemption Timeline | Proceeds within 3 business days or AMC pays 15% p.a. interest for delay |
Investors can apply via physical forms or online platforms during the NFO period. After that, transactions can be made through various mutual fund platforms or directly on the AMC’s website.
Experienced Fund Managers
The fund is managed by Mr. Arun Ramachandran, Mr. Vikrant Mehta, and Mr. Siddharth Deb, who bring years of experience in managing fixed-income funds. The fund follows SEBI’s regulations and does not charge entry or exit fees during the NFO period, with all costs covered by the AMC.
Target and Future Plans
The fund aims to raise a minimum of Rs.20 crore to start. While there’s no IDCW (Income Distribution cum Capital Withdrawal) option yet, it could be added in the future.
Market Response
At 2:45 PM on June 16th, shares of Jio Financial Services saw a slight rise of 0.05%, trading at Rs.294.20.
Looking Ahead at the Future Prospects
Jio BlackRock aims to build trust with conservative investors through this low-risk fund, and more diversified funds like liquid, ultra-short and hybrid funds are expected to follow soon.
About Jio BlackRock Mutual Fund
Jio BlackRock Mutual Fund, a partnership between Jio Financial Services and BlackRock, has launched its first fund and is set to roll out more investment options in the coming months.
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