Jio BlackRock Liquid Fund NFO opens on June 30: What is it and who can invest?

The new fund offer (NFO) of the first liquid fund from Jio BlackRock Mutual Fund house is opening on June 30, 2025.

The newly formed asset management company (AMC) is promoting the liquid fund as a place where investors can put their surplus money to work.

"We optimise everything, rewards, routines, returns. But when it comes to idle cash, we often overlook its potential. Presenting JioBlackRock Liquid fund. Where you can put your surplus money to work, disciplined, monitored, and managed with global insight," Jio Black Rock Mutual Fund said in a post on X.

"NFO opens on 30th June 2025," it added.

Who is this fund for?

JioBlackRock Liquid Fund is an open-ended liquid scheme focusing on short-term liquidity and low risk.

This fund may be suitable for investors who are seeking regular income over a short-term horizon. Investors looking to generate income by investing in money market and debt instruments with maturity up to 91 days.

The scheme will invest in ultra-short-term instruments to generate regular income and will be benchmarked against the Nifty Liquid Index A-I.

The scheme's Risk-o-Meter shows "low to moderate risk."

The fund will charge a tiered exit load for very short durations, such as 0.00070% for Day 1, which will gradually reduce to 0.0045% for Day 6. The exit load will be Nil from Day 7.

Credit rating

The ICRA has assigned a provision [ICRA]A1+mfs rating to JioBlackRock Liquid Fund. This provisional rating is based on the indicative portfolio of the scheme.

"As the schemes are yet to be launched, the provisional rating is based on the indicative/allocated portfolio of the schemes with the credit score being comfortable at the assigned rating level," ICRA said in a release dated June 26, 2025.

The rating will be finalised based on the availability of the 3-month portfolio.

Should you invest?

Jio BlackRock Liquid Fund is being launched at a time when several banks, including SBI and HDFC Bank, have reduced their savings account interest rates to as low as 2.5%.

However, investors should exercise caution as this is a new fund house with no track record of managing funds. It would be better to consult a financial advisor before investing.

For parking surplus cash from a savings account, there are already several liquid fund schemes in the market.

Liquid funds have relatively low interest rate risk and low credit risk. They can be used to park surplus cash from the savings account for a chance to earn a little extra.