Jio BlackRock’s first mutual fund launched, three fund managers will manage it; Freedom to withdraw money at any time

JioBlackRock has launched its first mutual fund, JioBlackRock Liquid Fund. This fund aims to provide balanced and stable returns with low risk. In this, investors can start with ₹ 500 and withdraw money whenever they want, thereby maintaining liquidity.

Jio BlackRock Mutual Fund is ready for investors with its first scheme, named JioBlackRock Liquid Fund. The NFO (New Fund Offer) of this fund has opened today i.e. June 30, which will remain open till July 2. If you want to invest with low risk for a short time and also want regular income, then this fund can be a good option for you.

The money in this fund will be invested in debt and money market instruments whose maturity is less than 91 days. This is an open-ended liquid scheme, meaning you can invest whenever you want, withdraw money whenever you want (liquidity remains). JioBlackRock Liquid Fund is especially for those people who have some extra money and want to invest it somewhere safe and wisely for a short time.

Three experienced fund managers will manage this mutual fund

The fund house wrote in a social media post – ‘We plan our routine, rewards and returns… but what about the money that is lying in the bank doing nothing? Now put that money to work, that too in a disciplined and expertly managed manner.’ This mutual fund scheme will follow the Nifty Liquid Index A-I and will be managed by three experienced fund managers Arun Ramachandran, Vikrant Mehta and Siddhartha Deb.

Only direct plan and growth option

JioBlackRock Liquid Fund only offers direct plan, which means you can invest directly from the fund house. It will have a growth option, which means the earnings will be invested back and will keep growing over time.

What is the minimum investment?

If you want to invest in lump sum, you can start with a minimum of ₹500. SIP (investing a little every month) can also be started with ₹500. ₹500 is also required for switch-in (investing in this fund by bringing money from another fund).

What will be the charge for early withdrawal?

If you withdraw money early, you will have to pay a small exit load for the first 6 days. 0.0070% for withdrawal after 1 day, 0.0065% after 2 days, 0.0060% after 3 days, 0.0055% after 4 days, 0.0050% after 5 days, 0.0045% after 6 days and there will be no exit load after 7 days.

Investment method and objective

The objective of this scheme is to give regular returns. The fund manager will choose such bonds which can give good returns in a short time. Along with this, the risk will also be reduced by spreading the portfolio in different places.

What is the risk of this mutual fund?

This scheme comes under the category of low to moderate risk. That is, there is not much risk, but still there can be some fluctuations. Every investment will be carefully checked for aspects like credit risk, interest rate impact, liquidity etc.

ICRA gave provisional rating to the fund

Rating agency ICRA has given a provisional rating of [ICRA]A1+mfs to JioBlackRock Liquid Fund. Since this scheme has not been launched today, this rating has been given on the basis of the potential portfolio of the fund and its credit quality. According to ICRA, the final rating of the fund will be given when the scheme is launched and its performance and credit score for at least 3 months will be analyzed. If the score of the scheme meets the prescribed standards, then the provisional rating given to it will be finalized.

What do SEBI rules say?

According to SEBI, liquid funds can invest only in those debt and money market instruments whose maturity does not exceed 91 days. This allows investment to be done for a shorter period of time and with less risk.

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