Jio BlackRock Mutual Fund introduces Liquid Fund
JioBlackRock Mutual Fund has launched JioBlackRock Liquid Fund, an open-ended Liquid Scheme with relatively low interest rate risk and relatively low credit risk. The NFO opens for subscription on June 30, 2025 and closes on July 02, 2025. No Entry Load is charged for the scheme. Exit Load will be calculated as a percentage of redemption proceeds Day 1 - 0.0070%, Day 2 - 0.0065%, Day 3 - 0.0060%, Day 4 - 0.0055%, Day 5 - 0.0050%, Day 6 - 0.0045% and Day 7 onwards - 0.0000%. The minimum subscription amount is Rs 500 and any amount thereafter.
The performance of the Scheme will be benchmarked with Nifty Liquid Index A-I and its fund managers are Arun Ramachandran, Vikrant Mehta and Siddharth Deb.
The investment objective of the Scheme is to generate regular income through investment in a portfolio comprising of money market and debt instruments with residual maturity up to 91 days.
