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JioBlackRock Overnight Fund: NAV, Performance, Returns & Investment Details

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Comprehensive guide to JioBlackRock Overnight Fund - latest NAV, AUM, expense ratio, fund manager details, investment objective and FAQs. Start investing with Allvest today.

Investment Objective and Approach

JioBlackRock Overnight Fund is an open-ended scheme investing in overnight maturity debt securities with relatively low interest rate risk and credit risk. Its objective is to generate regular income through investment in a portfolio comprising debt and money market instruments with overnight maturity.

The fund is tailored for investors seeking regular income aligned with overnight call rates while prioritising exceptionally low interest rates and credit risk. It is classified under a Potential Risk Class of A-I as per SEBI's classification matrix, signifying the lowest possible credit and interest rate risk.

Key features of the investment approach include:

- Ultra-safe investment strategy: Invests exclusively in overnight securities to minimize risk exposure

- Low volatility: Standard deviation of 0.15 indicates very low volatility and stable performance

- Daily liquidity: Available for continuous subscription and redemption on all business days

- No entry or exit load: The fund will not levy entry or exit loads

Fund Managers

The JioBlackRock Overnight Fund is managed by a team of three experienced fixed-income professionals:

Vikrant Mehta - Current Fund Manager of JioBlackRock Overnight Fund

- CFA and M.S. qualified professional

- Prior experience with ITI AMC, Indiabulls AMC, Kotak Mahindra Mutual Fund, AIG India Liaison Office, NVS Brokerage Pvt. Ltd., JM Morgan Stanley Fixed Income Securities, and Mata Securities

Arun Ramachandran - Co-Fund Manager

- 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

Siddharth Deb - Co-Fund Manager

- Holds a Bachelor of Science (Zoology) and an MMS (Finance) degree from the University of Calcutta and the University of Mumbai, respectively. His past work experiences include serving as fund manager for Nippon Life India Asset Management Limited and Goldman Sachs Asset Management

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.

Key Milestones:

- In October 2024, SEBI granted in-principle approval to Jio Financial Services and BlackRock Financial Management Inc. to act as co-sponsors and establish the mutual fund AMC

- 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

Leadership:

Sid Swaminathan is appointed as the joint venture's Managing Director and Chief Executive Officer. He brings with him a wealth of knowledge and has over two decades of experience across asset classes, investment styles, and geographies. Swaminathan has served as Head of Index Equity for EMEA and APAC at BlackRock in London, where he managed US$ 1.25 tn in assets.

Vision and Mission:

The AMC is focused on revolutionizing India's investment landscape by offering innovative, digitally-enabled, and cost-effective mutual fund products tailored for the modern Indian investor. With a commitment to financial inclusion and technology-driven services, Jio BlackRock Mutual Fund aims to democratise investing for all.

Should I Invest in JioBlackRock Overnight Fund?

JioBlackRock Overnight Fund could be suitable for investors who prioritize capital preservation and liquidity over high returns. Here are key considerations:

Ideal for:

- Conservative investors seeking ultra-low risk investment options

- Those looking for better returns than savings accounts while maintaining high liquidity

- Investors wanting to park surplus funds temporarily

- Risk-averse investors who want stable, predictable returns

Performance Metrics (as of August 2025):

- The fund was launched on Jun 30 2025 and has delivered a CAGR of 0.72% since inception

- Current AUM stands at ₹2,222.71 crore as of August 13, 2025

- Expense ratio is 0.07% as of August 13, 2025

Key Advantages:

- Extremely low expense ratio of 0.07%

- No exit load charges

- Daily liquidity with T+1 settlement

- Professional management by experienced fund managers

- Strong AMC backing from Reliance and BlackRock partnership

Considerations:

- Returns are aligned with overnight rates, which are typically modest

- Not suitable for long-term wealth creation

- Limited growth potential compared to equity or hybrid funds

FAQs

What is today's NAV of JioBlackRock Overnight Fund?

The NAV varies daily based on market conditions. You can check the latest NAV on the Allvest platform or the fund house website for real-time updates.

What is the AUM of JioBlackRock Overnight Fund?

As of August 13, 2025, the AUM of JioBlackRock Overnight Fund is ₹2,222.71 crore.

What is the expense ratio of JioBlackRock Overnight Fund?

The expense ratio of JioBlackRock Overnight Fund is 0.07% as of August 13, 2025.

What are the returns of JioBlackRock Overnight Fund since inception?

The fund has delivered a CAGR of 0.72% since its inception on June 30, 2025.

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

The minimum investment amount is Rs 500 for both lump sum and SIP investments.

How do I invest in JioBlackRock Overnight Fund?

You can invest in JioBlackRock Overnight Fund through the Allvest platform online. Simply create an account, complete your KYC, and start investing with a minimum amount of Rs 500.

How to start a SIP in JioBlackRock Overnight Fund?

Log in to your Allvest account, select JioBlackRock Overnight Fund, choose the SIP option, set your investment amount and frequency, and authorize the auto-debit facility from your bank account.

How do I automate an SIP in JioBlackRock Overnight Fund?

After setting up your SIP on Allvest, enable auto-debit through your bank's net banking or by submitting a mandate form. This ensures automatic monthly investments without manual intervention.

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

You can redeem your investment anytime through the Allvest platform. The fund offers daily liquidity with no exit load charges, and redemption proceeds are typically credited within 1-2 working days.