JioBlackRock Mutual Fund has announced the launch of its Overnight Fund, with the New Fund Offer (NFO) open for subscription until July 2. Designed for conservative investors, this open-ended debt scheme invests in overnight securities and money market instruments with 1-day maturity, offering minimal interest rate and credit risk. It’s ideal for those looking to park funds safely for a very short duration, in line with overnight call rates.

The scheme is benchmarked against the Nifty 1D Rate Index and managed by Arun Ramachandran, Vikrant Mehta, and Siddharth Deb. The fund requires a minimum lump sum or SIP investment of ₹500, with no exit load, and is offered under direct plan growth options only. The scheme has been provisionally rated [ICRA]A1+mfs.

Eligible investors include individuals, NRIs, corporates, banks, charitable trusts, and educational institutions, among others. According to SEBI guidelines, overnight funds are a safe choice for liquidity with minimal risk. The total allocation will remain in securities maturing by the next business day, offering daily liquidity and high safety.

The fund complements JioBlackRock’s broader offerings, which also include a Liquid Fund and Money Market Fund, both also closing on July 2.

JioBlackRock Mutual Fund has launched its Overnight Fund, an open-ended debt scheme focused on investing in overnight securities and money market instruments with one-day maturity. The New Fund Offer (NFO) is open for subscription and will close on July 2, 2025.

This low-risk investment option is designed for investors seeking short-term income in line with overnight call rates, without exposure to significant market volatility. It is best suited for highly conservative investors, corporates, or institutions seeking daily liquidity and capital preservation.

Managed by Arun Ramachandran, Vikrant Mehta, and Siddharth Deb, the fund will be benchmarked against the Nifty 1D Rate Index. It comes with no exit load, and a minimum investment of ₹500 for both lump sum and SIP (with flexible frequency). The scheme offers only direct plans with a growth option, and the riskometer classifies it as a low-risk investment.

The scheme has received a provisional [ICRA]A1+mfs rating, which will be finalized after three months of performance tracking. According to SEBI mandates, the fund’s entire portfolio will consist of overnight securities maturing by the next business day.

This launch is part of JioBlackRock's wider initiative, which includes the Liquid Fund and Money Market Fund, also currently open for subscription until July 2.