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JioBlackRock Funds: These three funds will open for subscription from June 30 and will remain available until July 2.
JioBlackRock MF launches three new NFOs, marking the official beginning of the operations.
Jio Blackrock Mutual Funds NFOs: Jio BlackRock Mutual Fund, the JV between Jio Financial Services and BlackRock, has officially begun operations in India by launching three open-ended debt schemes – Jio BlackRock Liquid Fund, Jio BlackRock Money Market Fund, and Jio BlackRock Overnight Fund.
These three abovementioned funds will open for subscription from June 30 and will remain available until July 2.
They have the minimum investment requirement of Rs 500.
A Debt MF is a kind of mutual fund that invests money in fixed-instruments like government bonds, corporate bonds, T-bills, commercial papers, and certificates of deposits.
Jio BlackRock Liquid Fund NFO
The Jio BlackRock Liquid Fund targets investors seeking regular income over a short-term period. As per the scheme information document, the fund will invest in money market and debt instruments with a residual maturity of up to 91 days.
Investors can start with a minimum investment of Rs 500. The scheme has a graded exit load, starting at 0.0070% on Day 1 and reducing to zero from Day 7 onwards.
Money Market Fund for Up to One-Year Maturity
The Jio BlackRock Money Market Fund is designed to generate regular income by investing in money market instruments with up to one-year maturity. It also requires a minimum investment of Rs 500 and has no exit load.
This scheme is ideal for investors looking for a stable option to park funds for slightly longer durations within the low-risk category.
Overnight Fund for Daily Maturity Exposure
The Jio BlackRock Overnight Fund aims to generate income by investing in debt and money market instruments with overnight maturity. Similar to the other two funds, the minimum subscription amount is Rs 500, and the scheme has no exit load. This fund is perfect for investors wanting to park funds for a day or more with minimal interest rate risk.
How to Invest in Jio BlackRock Mutual Funds (Liquid, Money Market & Overnight Funds)
Step 1: Check Eligibility & Documents
Make sure you have the following:
PAN card
Aadhaar card (linked to mobile number)
Bank account details (with IFSC code)
KYC compliance (Check at https://www.cvlkra.com)
Step 2: Visit the Official Website
Go to: https://www.jioblackrock.com
(Or download their app, if available.)
Step 3: Create an Account or Log In
Click on ‘Invest Now’ or similar option.
Register using your email ID, phone number, and PAN.
Step 4: Complete KYC (if not done)
If you’re not KYC-verified, you’ll be asked to:
Upload PAN and Aadhaar
Do a quick video KYC or in-person verification (if required)
Step 5: Choose the Fund
Pick any of the three open-ended debt schemes:
JioBlackRock Liquid Fund (91-day maturity instruments)
JioBlackRock Money Market Fund (up to 1-year maturity)
JioBlackRock Overnight Fund (1-day maturity instruments)
Step 6: Enter Investment Details:
Choose amount (minimum Rs 500)
Select mode: SIP (Systematic Investment Plan) or Lump sum
Set the frequency if opting for SIP
Link your bank account using net banking/UPI
Step 7: Review & Confirm
Double-check fund details, investment amount, and exit load info
Click ‘Confirm’ or ‘Invest Now’
Complete the payment
Step 8: Get Investment Confirmation
You’ll receive:
Transaction confirmation on email/SMS
Folio number for tracking
Option to download account statement
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
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