Jio BlackRock Launches 3 Debt NFOs Today; Here's How To Invest With Just Rs 500
JioBlackRock Mutual Funds: These three funds will open for subscription from June 30 and will remain available until July 2.
Jio Blackrock Mutual Funds NFOs: Jio BlackRock Mutual Fund, the JV between Jio Financial Services and BlackRock, has officially begun operations in India by launching three open-ended debt schemes – Jio BlackRock Liquid Fund, Jio BlackRock Money Market Fund, and Jio BlackRock Overnight Fund.
These three abovementioned funds will open for subscription from June 30 and will remain available until July 2.
They have the minimum investment requirement of Rs 500.
A Debt MF is a kind of mutual fund that invests money in fixed-instruments like government bonds, corporate bonds, T-bills, commercial papers, and certificates of deposits.
Jio BlackRock Liquid Fund NFO
The Jio BlackRock Liquid Fund targets investors seeking regular income over a short-term period. As per the scheme information document, the fund will invest in money market and debt instruments with a residual maturity of up to 91 days.
Investors can start with a minimum investment of Rs 500. The scheme has a graded exit load, starting at 0.0070% on Day 1 and reducing to zero from Day 7 onwards.
The Jio BlackRock Money Market Fund is designed to generate regular income by investing in money market instruments with up to one-year maturity. It also requires a minimum investment of Rs 500 and has no exit load.
The Jio BlackRock Overnight Fund aims to generate income by investing in debt and money market instruments with overnight maturity. Similar to the other two funds, the minimum subscription amount is Rs 500, and the scheme has no exit load. This fund is perfect for investors wanting to park funds for a day or more with minimal interest rate risk.
How to Invest in Jio BlackRock Mutual Funds (Liquid, Money Market & Overnight Funds)
tags :
Mutual fund
Location :
New Delhi, India, India
First Published:
June 30, 2025, 14:27 IST
News business » savings-and-investments Jio BlackRock Launches 3 Debt NFOs Today; Here's How To Invest With Just Rs 500
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
an hour ago
- Economic Times
Dalmia Bharat's profit surges nearly 3 times on improved pricing
Dalmia Bharat's consolidated net profit surged nearly three times on year in the June quarter to Rs 345 crore, helped by an improvement in net sales realisations, which offset the impact of lower sales volumes. ADVERTISEMENT The cement producer's sales volume fell nearly 6% on year to 7 million tonnes in the June quarter, which limited a growth in its consolidated revenue to 0.4% on year to Rs 3,636 crore. The topline grew despite a fall in sales volume as realisations improved by 6.6% on year to Rs 5,193 per tonne during the quarter. This also boosted the company's earnings before interest, tax, depreciation and amortization to an all-time high of Rs 883 crore, while the EBITDA made on each tonne of cement surged 40% on year to Rs 1,261. The profitability was also boosted by lower costs of logistics and power and fuel costs, as compared to the previous year. 'Beginning of this year marks a recovery in cement realizations in our key markets, which has helped us deliver robust EBITDA growth, resulting in an EBITDA margin of 24.3%, which is an increase of 5.8% percentage points compared to last year,' Puneet Dalmia, managing director of the company was quoted in a release. The company currently has a capacity of 49.5 million tonne and is targeting a capacity of 75 million tonne by FY28. Earlier this year, the company announced fresh capital investments of Rs 6,800 crore for adding 12 million tonne of capacity across its South and West regions. ADVERTISEMENT 'Backed by a robust balance sheet, a disciplined capital allocation framework and healthy profitability outlook, we are steadily progressing towards our vision of becoming a PAN-India player,' chief financial officer Dharmender Tuteja company announced its earnings after market hours, and its shares closed at Rs 2,319.15 rupees on the BSE, up 2.5% from the previous close. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
an hour ago
- Time of India
LMC's move to link waste charge, house tax irks residents
Lucknow: The Lucknow Municipal Corporation's (LMC) move to link waste collection fees directly to property house tax IDs has drawn criticism from the residents, who have highlighted the inconsistency in services across the city. The new charges — Rs 50 per month for properties with an annual house tax up to Rs 5,000, and Rs 100 for those above — are now mandatory across the city, irrespective of service coverage. While the LMC has offered a 10% discount on advance online payments, the charge will be added to the property tax ledger if left unpaid. The move has triggered criticism. In colonies like Manas Vihar, Suggamau, Takrohi, Chinhat, Faizullaganj, Pandit Kheda, Sarojininagar, and Kesari Kheda, as well as Mahanagar, Gomtinagar and Rajajipuram, residents raised the issue of irregular garbage collection. They said people already pay Rs 100-200 per month to private waste collectors. Now, they fear they will have to pay to private collectors as well as the LMC. "The garbage collection is not regular in the area. The LMC workers come every two or three days for the collection," said Ajay Singh, a resident of Dewa Road, Chinhat. Another resident of Sarojininagar, Vijay Kumar, said, "There is no one from LMC collecting the waste from the houses. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Could Be the Best Time to Trade Gold in 5 Years IC Markets Learn More Undo Now we have come to know that the user charge will be included in the tax. This is not acceptable." Vishwas Awasthi, a resident from Aashiana, said, "First, LMC has to provide the facility of garbage collection, then include the user charge into the property tax." Mukesh Singh Chauhan, corporator, said, "The mandatory user charge should only be implemented once the garbage collection system is properly rectified." Kamran Baig, another corporator said, "In areas where private vendors are collecting garbage, LMC should not take user charges." LMC officials saidlinking the fee with house tax IDs will improve transparency and help fund better waste management. They admit implementation gaps exist but insist the move is necessary for long-term improvements.
Time of India
an hour ago
- Time of India
20% of artisans complete training under Vishwakarma scheme
Pune: As many as 5,974 artisans of the total 29,000 from Pune district registered for the Vishwakarma Scheme have completed the training programme. Around 7,934 artisans have completed the three-stage verification, while 1,960 applications for training are pending. Tired of too many ads? go ad free now Close to 3,768 artisans filed applications with banks seeking loans, of which 998 applications were approved, totalling Rs 10 crore. The PM Vishwakarma Yojana is designed to offer comprehensive support to artisans and craftspeople working with traditional tools. The scheme aims to provide them with skill upgradation and relevant and suitable training opportunities, along with credit access. "We have provided 964 toolkits to the artisans under the scheme so far," Satish Kharat, district village industries officer, said. Most of the registrations are from artisans in trades such as toymaking, garlandmaking, goldsmiths, tailoring, cobblers, and washermen. Sandip Lokhande, who runs a centre to implement the scheme, said although the scheme is extremely beneficial to the artisans, there is a need to ease the process. "The registration process is lengthy as applications are routed through Pune Municipal Corporation (PMC) and Pimpri Chinchwad Municipal Corporation (PCMC). Many people face problems linking bank accounts with Aadhaar cards," he said. After registration, artisans have to travel from Pune to Pimpri Chinchwad due to a lack of facilities. "Overall, there is a lack of trainers. Banks also reject loans because the artisan is a fresher or does not have an existing setup," Lokhande said.
