Business & Investment: Jio and BlackRock Launch First Mutual Fund, Open for Subscription

Business News: Looking for a safe place to put your cash? Jio and BlackRock have launched a new option called Jio BlackRock Liquid Fund. This is their first mutual fund offering, and the New Fund Offer (NFO) is open for subscriptions from June 30 to July 2, 2025. This open-ended liquid fund allows investors to invest and withdraw funds whenever it is convenient. Its goal is to generate consistent returns by investing in low-risk, short-term products, including money markets and debt securities with maturities of up to 91 days. This fund is ideal for consumers looking for low-risk, short-term investing opportunities that offer higher returns than standard savings accounts.

Jio BlackRock Liquid Fund

Investors can start with a minimum of Rs 500, either as a lump-sum investment or through a Systematic Investment Plan. The fund also allows switch-ins from other schemes, with the same minimum amount. Jio BlackRock has positioned this fund as a disciplined and globally managed option for idle cash, intending to provide higher returns than savings accounts, especially at a time when big banks such as SBI and HDFC provide interest rates as low as 2.5%. The fund has a low exit load of 0.0070% if withdrawn on the first day, which gradually decreases to zero after the seventh day, making it a flexible and efficient option for handling surplus cash.