JioBlackRock Overnight Fund
A low-risk debt mutual fund scheme investing in overnight securities with minimal interest rate and credit risk exposure.
Scheme Overview
Fund Details
Fund Name: JioBlackRock Overnight Fund
AMC: Jio BlackRock Asset Management Pvt. Ltd.
Trustee: Jio BlackRock Trustee Pvt. Ltd.
Scheme Type: Open-ended debt scheme
Benchmark: NIFTY 1D Rate Index (Tier I)
Fund Classification
Investment Objective
The fund aims to generate regular income by investing in a portfolio of debt and money-market securities with overnight maturities.
Important: There is no guarantee that the investment objective will be achieved.
New Fund Offer (NFO) Details
| Detail | Description |
|---|---|
| NFO Opens On | June 30, 2025 |
| NFO Closes On | July 2, 2025 |
| NFO Price | ₹1,000 per unit |
| Allotment & Re-open | Reopens within 5 business days from allotment |
| Minimum Application | ₹500, and any amount above this |
| SIP Minimum | ₹500 per installment (min 6 installments) |
Asset Allocation
| Instrument | Allocation (% of NAV) |
|---|---|
| Overnight securities | 0-100% |
| Repo/Reverse Repo in corporate debt | Up to 10% |
| G-securities and T-bills (≤30 days) | Up to 5% |
| Other overnight mutual funds | Per SEBI limits |
| Cash/TREPS | For liquidity management |
Portfolio Maturity: 1 business day
Risk Profile
Risk-o-Meter
Scheme: Class A-I (Relatively Low credit & interest-rate risk)
Benchmark: Class A-I
Key Risks
Specific risk mitigants and governance structure are described in the Scheme Information Document (SID) and Statement of Additional Information (SAI).
Charges and Fees
| Expense Head | Max. % p.a. of NAV |
|---|---|
| Investment Management & Advisory Fee | 2.00% |
| Other Repeating Charges (Trustee, RTA, etc.) | Included above |
| Other Expenses (SEBI 52(6A) allowed) | Max. 0.05%* |
| Total Expense Ratio (TER) | Up to 2.00% |
| Exit Load | Nil |
| Entry Load | Not applicable |
*No other charges if exit load = nil
Application & Allotment Process
Application Modes
Redemption Process
Redemptions are typically processed within 3 working days.
For delays beyond 3 days, the AMC pays interest at 15% per annum (subject to SEBI exemptions).
Value-Adds & Facilities
SIP Features
Systematic Plans
Investor Support
Governance & Due Diligence
Fund Managers
Arun Ramachandran
Fixed Income
Vikrant Mehta
Senior Fund Manager
Siddharth Deb
Senior Fund Manager
Due Diligence Certificate
Verification includes:
- Compliance with SEBI (MF) regulations
- Proper disclosures to investors
- Valid registrations and approvals
- Trustee approvals for scheme launch
Conclusion
The Jio BlackRock Overnight Fund NFO provides a safe and easy way of earning short-term returns. Its low minimum investment, fee transparency, and strong risk management make it an excellent choice for risk-averse debt investors looking for returns on par with overnight rates.
Invest Now
