JioBlackRock Mutual Fund has submitted draft documents to SEBI for the launch of its first two debt-oriented offerings: the JioBlackRock Liquid Fund and the JioBlackRock Money Market Fund. This move follows SEBI’s recent approval of the fund house’s operations, the unveiling of its leadership team, and the launch of its official website.
JioBlackRock Liquid Fund is an open-ended liquid scheme designed for short-term investors seeking consistent income with low interest rates and credit risk. It aims to generate returns by investing in debt and money market instruments with a remaining maturity of up to 91 days. The scheme will track the Nifty Liquid Index A-I as its benchmark.
Available exclusively through a direct plan with a growth option, the fund requires a minimum initial investment of ₹500, with no upper limit on subsequent contributions. The same ₹500 minimum applies to switch-in transactions. For Systematic Investment Plans (SIPs), the minimum amount is ₹500, with additional contributions allowed in increments of ₹1. Asset allocation will range from 0% to 100% in qualifying instruments, and the fund will be jointly managed by Arun Ramachandran, Vikrant Mehta, and Siddharth Deb.
JioBlackRock Money Market Fund
JioBlackRock Money Market Fund is also an open-ended debt scheme, focusing on money market instruments with relatively low interest rate risk and moderate credit risk. It aims to provide consistent income through investing in securities maturing within one year. The scheme will use the Nifty Money Market Index A-I as its benchmark.
Investment terms are the same as those of a liquid fund: a minimum of ₹500 for lump sum and switch-in transactions; SIP contributions will start at ₹500 and continue in increments of ₹1. The fund will allocate 0% to 100% of its assets in money market instruments with the remaining maturity up to one year. It will be co-managed by Vikrant Mehta, Arun Ramachandran, and Siddhartha Deb.
