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JioBlackRock Money Market Fund - NAV, Returns, Investment Details | Allvest

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Invest in JioBlackRock Money Market Fund with low-cost, tech-enabled approach. Get latest NAV, returns since inception, fund manager details, and investment strategy. Start SIP from ₹500.

Investment Objective and Approach

The scheme seeks to generate regular income through investment in a portfolio comprising of money market instruments with residual maturity up to 1 year. The strategy is to generate regular returns through a portfolio of money market instruments, seeking to capture term and credit spreads. It endeavours to develop a well-diversified portfolio of money market instruments.

The investment opportunities will be assessed based on the interest rate risk, credit risk, concentration risk, and liquidity risk, among other parameters. The scheme will benchmark its performance against the Nifty Money Market Index A-I.

They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.

Fund Managers

The fund is managed by experienced fixed-income professionals with diverse backgrounds:

Vikrant Mehta - Vikrant Mehta is the Current Fund Manager of JioBlackRock Money Market Fund Direct Growth fund. Mr. Mehta is CFA and M.S. Prior to joining JioBlackRock Mutual Fund, he has worked with ITI AMC, Indiabulls AMC, Kotak Mahindra Mutual Fund, AIG India Liaison Office, NVS Brokerage Pvt. Ltd., JM Morgan Stanley Fixed Income Securities Pvt. Ltd. and Mata Securities India Pvt.

Siddharth Deb - Mr. Deb is a B.Sc and MMS (Finance). Prior to joining JioBlackRock Mutual Fund he has worked with Nippon India MF, Benchmark Asset Management Co. Pvt. Ltd. and Fullerton India Credit Company Ltd.

Arun Ramachandran - Arun Ramachandran brings over a decade of experience in managing fixed‑income portfolios. Before joining Jio BlackRock, he served as Fund Manager – Fixed Income in SBI Funds Management Limited from March 02, 2009, to December 26, 2024.

About the Fund House (AMC)

JioBlackRock is a 50:50 joint venture between Jio Financial Services (Reliance Group) and BlackRock—the world's largest provider of investment, advisory and risk management solutions. In October 2024, SEBI (Securities and Exchange Board of India) granted in-principle approval to Jio Financial Services and BlackRock Financial Management Inc. to act as co-sponsors and establish the mutual fund AMC, "JioBlackRock Mutual Fund". On 26 May 2025, SEBI issued its final approval and registration certificate to JioBlackRock Mutual Fund to begin operations.

Following the authorisation, Jio BlackRock rolled out its first New Fund Offers (NFOs) in early July 2025, including the Overnight, Liquid, and Money Market Funds, which together raised around ₹17,800 cr.

The AMC leverages BlackRock's global investment expertise with Jio's extensive digital infrastructure and local market insights. Jio BlackRock's business model is built around a digital-first, low-cost approach to asset management. The venture uses Jio's extensive digital ecosystem, especially the JioFinance app, to distribute its products cutting out traditional intermediaries.

Fund Performance & Key Details

- Latest NAV: ₹1007.4577 as of Aug 20, 2025

- Assets Under Management (AUM): ₹6227.76 crore

- Expense Ratio: 0.15%

- Since Inception Returns: CAGR of 0.75

- Fund Launch Date: Jun 30, 2025

- Risk Rating: Low to Moderate risk

- Minimum Investment: ₹500 for the lump sum option and ₹500 for the SIP

Should I Invest in JioBlackRock Money Market Fund?

This fund is suitable for investors seeking short-term income generation with low risk. It is expected to carry moderate risk (as per the risk-o-metre) for investors wanting to invest money for the short term (a little over a year or so).

Ideal For:

- Conservative investors looking for better returns than bank savings accounts

- Those with investment horizon of up to 1 year

- Investors seeking regular income with low volatility

- It is for investors wanting to park money for the short term, for a few months to up to a year, who want to keep the money aside safe and an alternative to parking it in a savings bank account.

Key Considerations:

- These funds usually deliver low returns which are only marginally higher than your bank account.

- They are not suitable if your aim is to build wealth in the long run.

- Being a new fund, it has limited performance history for evaluation

The fund benefits from JioBlackRock's digital-first approach and competitive expense ratio, making it cost-effective for short-term investments.

FAQs

What is today's NAV of JioBlackRock Money Market Fund?

The current NAV varies daily. You can check the latest NAV on Allvest's platform or the fund house website for real-time updates.

What is the AUM of JioBlackRock Money Market Fund?

The fund has an AUM of ₹6,227.76 crore as per the latest available data.

What is the expense ratio of JioBlackRock Money Market Fund?

The fund has a competitive expense ratio of 0.15%, making it cost-effective for investors.

What are the returns of JioBlackRock Money Market Fund since inception?

The fund has delivered a CAGR of 0.75% since its launch in June 2025. Being a new fund, it has limited performance history.

What is the minimum SIP amount to invest in JioBlackRock Money Market Fund?

You can start a SIP with a minimum amount of ₹500 per month in this fund.

How do I invest in JioBlackRock Money Market Fund?

You can invest through Allvest's platform by selecting the fund, choosing between lump sum or SIP, entering the amount, and completing the payment process.

How to start a SIP in JioBlackRock Money Market Fund?

On Allvest, select the fund, choose SIP option, set your monthly amount (minimum ₹500), select the date, and set up auto-debit for seamless investing.

How do I automate an SIP in JioBlackRock Money Market Fund?

After starting your SIP on Allvest, enable auto-debit through your bank account to ensure automatic monthly investments without manual intervention.

How can I withdraw/redeem my investment in JioBlackRock Money Market Fund?

You can redeem your investment through Allvest by going to your portfolio, selecting the fund, entering the withdrawal amount, and the funds will be credited to your bank account within 3-5 working days.