JioBlackRock Mutual Fund files draft documents with Sebi to launch its first 2 debt schemes

JioBlackRock Mutual Fund has filed draft documents with SEBI for two debt funds — a liquid fund and a money market fund.

JioBlackRock Liquid Fund

JioBlackRock Liquid Fund will be an open-ended liquid scheme with relatively low interest rate risk and relatively low credit risk. The scheme will be benchmarked against the Nifty Liquid Index A-I.


The investment objective of the scheme is to generate regular income through investment in a portfolio comprising money market and debt instruments with residual maturity of up to 91 days.

It is suitable for investors seeking regular income over a short-term investment horizon and aiming to generate returns by investing in money market and debt instruments with a maturity of up to 91 days.

The scheme will offer only a direct plan, and the plan shall offer only a growth option. The minimum application amount for lumpsum investment will be Rs 500 and any amount thereafter. The minimum amount for switch-in to the scheme will be Rs 500, and any amount thereafter. The minimum amount for a Systematic Investment Plan (SIP) will be Rs 500 and in multiples of Re 1 thereafter.

The scheme will allocate 0–100% in debt instruments and money market instruments with residual maturity up to 91 days and will be managed by Arun Ramachandran, Vikrant Mehta, and Siddharth Deb.

JioBlackRock Money Market Fund

JioBlackRock Money Market Fund will be an open-ended debt scheme, investing in money market instruments, with relatively low interest rate risk and moderate credit risk.

The investment objective of the scheme is to generate regular income by investing in a portfolio of money market instruments with a residual maturity of up to one year.

The scheme will be benchmarked against the Nifty Money Market Index A-I. The minimum application amount for lump sum investments will be Rs 500 and any amount thereafter. The minimum amount for switch-in transactions will also be Rs 500 and any amount thereafter. For Systematic Investment Plans (SIPs), the minimum contribution will be Rs 500 and in multiples of Re 1 thereafter.

The scheme will allocate 0–100% of its assets to money market instruments with a residual maturity of up to one year. It will be jointly managed by Vikrant Mehta, Arun Ramachandran, and Siddharth Deb.

This scheme is suitable for investors seeking regular income over a short-term horizon and looking to invest in low-risk money market instruments.

Also Read | JioBlackRock Mutual Fund launches website, unveils leadership team and early access initiative

Last month, the fund house announced that it had received Sebi’s approval to commence its mutual fund business.

Earlier this week, it revealed the appointment of its executive leadership team and launched its website, along with an exclusive early access initiative.