JioBlackRock Mutual Fund has launched a new plan called the Overnight Fund. This fund is open for investment now and will close on July 2, 2025.
What is an Overnight Fund?
An Overnight Fund is a type of mutual fund that invests in very short-term debt instruments. These investments mature in just one day. The main goal is to give safe and stable returns with very low risk.
Key Features of the Fund:
-
Minimum investment: ₹500
-
No exit fees: You can withdraw your money without paying any extra charges.
-
Risk level: Very low
-
Liquidity: High – money can usually be withdrawn the next working day
-
Benchmark: Nifty 1 Day Rate Index
-
Fund Managers: Vikrant Mehta, Arun Ramachandran, and Siddharth Deb
Who Should Invest?
This fund is a good choice for people who:
-
Want to keep their money safe for a short time
-
Need quick access to their money
-
Prefer low-risk returns, better than a savings account or fixed deposit
Other JioBlackRock Funds Launched:
JioBlackRock has also launched two other funds:
-
Liquid Fund – invests in debt with up to 91-day maturity
-
Money Market Fund – invests in money market instruments with up to 1-year maturity
All three funds have similar features like ₹500 minimum investment, growth option only, and no exit load for Overnight and Money Market Funds.
Summary Table
| Feature | Overnight Fund |
|---|---|
| Purpose | Regular income, very low risk |
| Portfolio | Short-term debt (1-day maturity) |
| Minimum Investment | ₹500 |
| Exit Load | None |
| Liquidity | High – money available quickly |
| Benchmark | Nifty 1 Day Rate Index |
| Fund Managers | Vikrant Mehta, Arun Ramachandran, Siddharth Deb |
| Risk Level | Low |
Final Thoughts
-
Why invest? This fund is a safe option to park your money for a short time and earn slightly better returns than a savings account.
-
When to invest? Before July 2, 2025
-
Who is it best for? Anyone looking for a low-risk, short-term investment with easy access to funds
Disclaimer: This article is for informational purposes only. We are not financial advisors. Please consult a qualified expert before investing.