Investors can start investing with at least ₹ 500.
Jio-Blackrock Mutual Fund
This scheme will mainly invest in debts and money market instruments, whose maturity period will be less than 91 days. Its purpose is to provide safe investment and stable returns for a short time. Investors can invest or withdraw money at any time.
Jioblackrock Liquid Fund will be managed in the hands of experienced fund managers like Arun Ramachandran, Vikrant Mehta and Siddharth Deb. This scheme will track Nifty Liquid Index AI and will be available only under Direct Plan-Growth Option.
Minimum investment: ₹ 500 (Lumpmas, SIP, or Switch-in)
Exit load,
- 0.0070% on withdrawal within 1 day
- 0.0065% on 2 days
- 0.0060% on 3 days
- 0.0055% on 4 days
- 0.0050% on 5 days
- 0.0045% on 6 days
- No fee after 7th day
The purpose of this liquid fund is to give stable and regular returns on short -term investment. The scheme is placed in the category of Low to Moderate Risk, that is, the risk in investment is minimal but not completely zero. The risk will be balanced by diversifying the portfolio.
Rating agency ICRA to this fund [ICRA]The A1+MFS has a provisional rating, which reflects the possible credit quality of the scheme. The final rating will be released after 3 months based on the performance of the fund.
According to SEBI rules, liquid funds can only invest money in those investment equipment whose maturity is less than 91 days, so that the risk can be kept minimal.
