JioBlackRock Money Market Fund NFO Launches, Offering Moderate Credit Risk

Strategic Insights -

JioBlackRock Mutual Fund has launched the JioBlackRock Money Market Fund, an open-ended debt scheme with a focus on investments in money market instruments. The fund aims to generate regular income through its portfolio, which will consist of securities with residual maturity up to one year. The scheme's performance will be benchmarked against the NIFTY Money Market Index A-I. Arun Ramachandran, Vikrant Mehta, and Siddharth Deb will manage the fund.

Key Takeaways:

  • The JioBlackRock Money Market Fund has a subscription period from June 30, 2025, to July 2, 2025.
  • The fund has no entry load and imposes a nil exit load.
  • The minimum subscription amount is Rs 500, with any additional amount being allowed.
  • The investment objective is to generate regular income through investments in money market instruments with residual maturity up to one year.
  • The fund's benchmark index is the NIFTY Money Market Index A-I.
  • Arun Ramachandran, Vikrant Mehta, and Siddharth Deb will serve as fund managers for the JioBlackRock Money Market Fund.
  • The accord fintech provides the content on an "as is" basis, without any express or implied warranties, and disclaims any liability for inaccuracies, untimeliness, incompleteness, or unfitness.
  • The JioBlackRock Money Market Fund is launched by JioBlackRock Mutual Fund.

Statistics:

  • The JioBlackRock Money Market Fund has a subscription period of 3 days, from June 30, 2025, to July 2, 2025.
  • The minimum subscription amount is Rs 500, with any additional amount allowed.
  • The investment objective is to generate regular income through investments in money market instruments within a residual maturity of up to 1 year.

Sources:

  • JioBlackRock Mutual Fund
  • Accord Fintech Pvt. Ltd.
  • Contify.com