JioBlackRock Mutual Fund files draft papers with SEBI for short and low-duration funds. Details here

JioBlackRock Low Duration Fund

This open-ended debt scheme is categorised as a Low Duration Fund and aims to generate income by investing in debt and money market instruments with a short Macaulay duration of 6 to 12 months. The scheme's risk profile involves relatively high interest rate risk and moderate credit risk.

JioBlackRock Low Duration Fund: Key investment details

• Benchmark: NIFTY low duration debt index A-I.

• Liquidity: Open-ended, with redemption proceeds transferred within 3 business days. The AMC must pay 15% p.a. interest for delayed redemptions.

• Investment minimum: ₹500 for lumpsum, SIP (minimum 6 installments), and switch-in.

• Charges: nil exit load.

• Initial offering: Only the direct plan and growth option are available initially.

• Risk management: Allows segregated portfolio (side-pocketing) and implements swing pricing.

JioBlackRock Short Duration Fund

This open-ended scheme falls under the Short Duration Fund category, seeking to generate income through investments in money market and debt instruments with a slightly longer Macaulay duration of 1 year to 3 years. It shares the same risk profile as its low duration counterpart: relatively high interest rate risk and moderate credit risk.

JioBlackRock Short Duration Fund: Key investment details

• Benchmark: NIFTY short duration debt index A-II.

• Liquidity: Open-ended, with redemption proceeds transferred within 3 business days. The AMC must pay 15% p.a. interest for delayed redemptions.

• Investment minimum: ₹500 for lumpsum, SIP (minimum 6 installments), and switch-in.

• Charges: Nil exit load.

• Initial offering: Only the direct plan and growth option are available initially.

• Risk management: Allows segregated portfolio (side-pocketing) and implements swing pricing.

Common facilities for JioBlackRock Short Duration Fund, JioBlackRock Low Duration Fund

• NFO price: ₹1,000 per Unit.

• SIP: Minimum ₹500, minimum 6 instalments, with top-up and pause options available.

• STP/SWP: Available on an ongoing basis.

• NAV disclosure: Updated daily by 11:00 p.m.

With features like SIP, STP, SWP, swing pricing, and side-pocketing, the funds aim to balance growth, risk management, and investor convenience.