Jio BlackRock NFO: Liquid, Money Market & Overnight Funds Now Open
Jio BlackRock Mutual Fund – a 50:50 joint venture between Jio Financial Services and BlackRock – has launched its first suite of mutual fund products. In late June 2025 it opened a New Fund Offer (NFO) for three open-ended debt schemes (Liquid Fund, Money Market Fund, and Overnight Fund) aimed at conservative investors. Each scheme has a very low entry barrier (minimum investment just ₹500) and is designed to provide short-term income with low risk. All three funds were available for subscription from June 30 to July 2, 2025.
Tech-First & Accessible: Jio BlackRock is building a digital-first platform to make investing simple and transparent. Before the official launch, it opened its website for early access, offering educational guides and a demo of its app. The company emphasizes “accessibility and ease of use,” aiming to leverage BlackRock’s expertise and Jio’s digital reach for low-cost, accessible solutions.
Low Entry & Direct Plans: All three NFOs require just ₹500 to start(and ₹500 for SIPs). There are no distributor commissions, since only direct plans are offered. This keeps the expense ratios low, so more of your money is actually invested.
High Credit Quality: The funds invest in high-quality, short-term debt and money-market instruments (like government bonds, T-bills, and AA-rated papers). All three schemes carry ICRA’s top short-term rating ([A1+mfs]), underlining their conservative profiles. In fact, the Overnight Fund is extremely safe – it only buys 1-day papers – and is meant for highly conservative investors, corporates, or anyone who needs instant liquidity without market risk.
Flexible Short-Term Options:
The three funds cover different horizons:
Liquid Fund: Invests in debt and money-market instruments up to 91 days, targeting regular short-term income. It offers very high liquidity, but it does impose a small graded exit load if you redeem too quickly (starting at 0.007% on Day 1 and falling to 0% by Day 7).
Money Market Fund: Puts money into instruments up to 1-year maturity, aiming for regular income with marginally higher returns than a pure liquid fund. There is no exit load, making it convenient for parking funds for a few months. It’s suitable for those wanting a balance of safety, return, and liquidity (for example, setting aside bonus or emergency money).
Overnight Fund: Allocates 0–100% in overnight money-market securities (maturing in 1 day). With no exit load and nearly no interest rate risk, this fund is like a super-safe parking space for cash – ideal for holding funds even overnight without losing liquidity.
Below is a summary table of each fund’s key features:
| Fund Name | Jio BlackRock Liquid Fund | Jio BlackRock Money Market Fund | Jio BlackRock Overnight Fund |
| Type | Open-ended Liquid Debt Fund | Open-ended Money Market Debt Fund | Open-ended Overnight Debt Fund |
| Investment Objective | Regular income through a portfolio of debt & money-market papers (maturities up to 91 days) | Regular income via money-market instruments (maturities up to 1 year) | Regular income via overnight debt & money-market instruments |
| Min. Investment | ₹ 500 | ₹ 500 | ₹ 500 |
| Exit Load | Graded: ~0.007% on Day 1, tapering to 0% by Day 7 | None | None (no exit load) |
| Suitable For | Short-term parking/emergency fund; conservative investors needing liquidity | Parking surplus cash (e.g., bonus, contingency) for a few months, seeking safety + moderate return | Ultra-safe short-term parking (even overnight); very conservative investors needing instant liquidity |
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How these funds invest:
All three schemes will largely put money into high-quality, short-term fixed-income instruments (like government securities, treasury bills, bank CDs, and AAA-rated papers). In a volatile stock market, such debt funds offer relatively stable returns. For example, they can generate modest yields a bit above a savings account or fixed deposit, while keeping risk very low. (The Business Today article notes that debt funds like these typically invest in government bonds, corporate bonds, T-bills, etc., making them attractive in uncertain markets)
Why they matter to Indian investors:
With only ₹500 needed, even new or small investors can access these funds. The Liquid Fund can serve like an enhanced savings account or “emergency fund”. The Money Market Fund offers slightly higher returns for a few months’ parking. The Overnight Fund lets you earn a bit more than a savings account rate on idle cash, without locking it in. All three carry top ratings and aim for stability over growth. They appeal to anyone who wants to avoid equity volatility – for example, retired people, cautious first-time investors, or businesses keeping surplus cash – while still earning some interest.
- Key Advantages: Low entry (₹500), digital convenience, no commissions (direct plan), and high safety (ICRA A1+) are big pluses. The funds span different holding periods (overnight, ~3 months, ~1 year), so you can choose based on how long you want to keep your money parked. And being backed by BlackRock’s global research and Jio’s tech platform means professional management and a user-friendly app experience
- In summary: Jio BlackRock’s trio of debt funds are digital-friendly, low-fee options for parking short-term savings. They tap into the growing demand in India for safe, short-duration investments. Whether you’re new to mutual funds or a seasoned investor looking for stability, these schemes offer straightforward, low-risk ways to earn a bit more than a bank deposit while keeping your money accessible