Jio BlackRock mutual funds: Now you can invest in Jio BlackRock mutual funds without waiting, know the process

Jio BlackRock Mutual Fund has made a great start by raising Rs 17,800 crore in NFO. Now all three of its funds – overnight, liquid and money market – are available for investment in the normal way. You can easily invest in them from Jio Finance or MyJio app.

Jio BlackRock Mutual Fund has achieved tremendous success in its first New Fund Offer (NFO). A total of more than Rs 17,800 crore has been invested in three cash and debt funds – Overnight Fund, Liquid Fund, and Money Market Fund. This means that investors have expressed confidence in these funds. Now the best thing is that after the NFO, these mutual funds have opened normally. That is, now anyone can easily invest in these funds. Let us first know about these three funds-

Jio BlackRock Liquid Fund

Jio BlackRock Liquid Fund is an open-ended liquid scheme that invests in money market and debt instruments with low interest rates and minimum credit risk. The objective of this fund is to provide regular income by investing in options with maturity up to 91 days. This fund is especially suitable for investors who are looking for stable returns with short-term investment. The full details are available in the Scheme Information Document (SID).

The benchmark of this fund is Nifty Liquid Index A-I and it is managed by Arun Ramachandran, Vikrant Mehta and Siddhartha Deb. If an investor withdraws within 1 to 6 days of investing in the fund, a small exit load will be applicable on him, which will reduce with each passing day. No exit load will be charged after the seventh day.

Jio BlackRock Money Market Fund

Jio BlackRock Money Market Fund is a mutual fund that invests in low-risk money market instruments to provide investors with regular and stable returns on short-term investments. The investment period of this fund does not exceed one year. The management of the fund includes experienced experts like Vikrant Mehta, Arun Ramachandran and Siddhartha Deb, who decide the investment strategy.

The specialty of this fund is that there is no exit load on withdrawal from the investment, that is, you can withdraw your money whenever you want without any deduction. This fund is suitable for those who want to keep their money safe in the form of bonus or emergency fund. It can give slightly better returns than liquid funds, although it has a slightly higher risk. Nevertheless, funds of this category are considered a wise option for short-term investments.

Jio BlackRock Overnight Fund

Jio BlackRock Overnight Fund is a mutual fund that invests only in debt and money market instruments with a maturity of one day. This means that the money invested in it matures on the next working day. The interest rate and credit risk in this fund is very low, so it is better for those investors who want to make safe investments for a very short period of time.

The goal of this fund is to provide regular income to investors for a short period of time, without taking much risk. The fund invests from 0 to 100% in securities that have a maturity of only one day. If a security includes a call or put option, it will be considered till the date of the next working day. The benchmark of this fund is Nifty 1D Rate Index and it is jointly managed by Vikrant Mehta, Arun Ramachandran and Siddhartha Deb. Rating agency ICRA has given this fund a high safety rating of [ICRA]A1+mfs.

You can invest through Jio Finance and My Jio app

Investing in Jio BlackRock Mutual Fund is very easy, you can complete the process of investing directly through Jio Finance app. First of all, you have to download Jio Finance app on your mobile and register in it. After this, if your KYC is not already done, then you can complete paperless e-KYC on the app itself, which requires PAN card, Aadhaar and bank details. Once the KYC is completed, you can choose Jio BlackRock funds like overnight fund, liquid fund or money market fund by going to the ‘Invest’ section of the app. After reading all the information related to the fund, you can decide the amount of investment in it as lump sum or SIP. The company has also given the option of investing in these funds in My Jio, from there also you can invest in these funds.

Disclaimer: This is just information, not any investment advice. Before investing money, definitely talk to your expert. There is a risk in investing money in mutual funds. There is no guarantee of return in it. Therefore, invest wisely.

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