JioBlackRock Mutual Fund launches 3 NFOs
JioBlackRock Mutual Fund just launched three direct-plan debt funds: Liquid Fund, Money Market Fund, and Overnight Fund.
The NFO is open from June 30 to July 2, and you can start investing with as little as ₹500.
Only growth options are available, and after allotment, you'll be able to buy or sell these funds within five business days.
What these funds focus on
The Liquid Fund invests in short-term debt (up to 91 days) and has a graded exit load that drops after a week.
The Money Market Fund focuses on instruments maturing within a year—no exit load here—and aims for steady returns by using credit spreads.
The Overnight Fund sticks to overnight securities for super quick liquidity with minimal risk.
Ideal for conservative investors looking for better returns
Seasoned pros Vikrant Mehta, Arun Ramachandran, and Siddharth Deb manage these schemes, all backed by a strong [ICRA]A1+mfs rating for stability.
These funds are designed for anyone who wants flexible, low-risk options that could beat your regular savings account—perfect if you're looking to park your money safely but want better returns than your bank offers.