JioBlackRock Liquid Fund NFO opens for subscription. 10 things to know
1/10
A liquid fund
JioBlackRock Liquid Fund is an open ended liquid scheme with a relatively low interest rate risk and relatively low credit risk.
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NFO Period
The new fund offer or NFO of the fund is open for subscription and will close on July 2. The scheme will reopen for continuous sale and repurchase within five business days of allotment date.
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Scheme objective
The investment objective of the scheme is to generate regular income through investment in a portfolio consisting of money market and debt instruments with residual maturity up to 91 days.
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4/10
Fund house take
According to the JioBlackRock Mutual Fund, why should one choose the JioBlackRock Liquid Fund is no exit load 7th day onwards, high liquidity, expertly managed, better use of idle cash, efficient execution, stability and quality, and lastly robust risk management.
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Suitability
The scheme is suitable for investors seeking regular income over a short term investment horizon and who want to generate income by investing in money market and debt instruments with maturity up to 91 days, according to the scheme information document (SID) of the fund.
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Benchmark and fund manager
The scheme will be benchmarked against Nifty Liquid Index A-I. The fund will be managed by Arun Ramachandran, Vikrant Mehta, and Siddharth Deb.
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Minimum application amount
The minimum application amount for lumpsum investment will be Rs 500 and any amount thereafter. The minimum amount for Systematic Investment Plan (SIP) will be Rs 500 and in multiples of Re 1 thereafter.
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Allocation of assets
JioBlackRock Liquid Fund will allocate 0-100% in debt instruments and money market instruments with residual maturity up to 91 days.
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Investment strategy
The investment strategy would be towards generating regular returns through a portfolio of debt and money market instruments seeking to capture the term and credit spreads. The scheme shall endeavor to develop a well-diversified portfolio of debt and money market instruments.
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Rating before launch
According to a release by ICRA, the provisional rating assigned to the fund is [ICRA]A1+mfs. The provisional rating for the JioBlackRock Liquid Fund will be finalised upon the launch of the scheme, and analysis of the credit score of the scheme for at least three months, post launch, and its meeting the benchmark score for the assigned rating, the ICRA release said.