Jio BlackRock Mutual Fund has launched a new Open Ended Growth scheme named "JioBlackRock Money Market Fund - Direct Plan" with maturity period of 0 days from the launch date.

The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Jun 30 to Jul 02, 2025.

According to the offer document filed with SEBI, the entry and exit load is Nil.

The minimum application amount is Rs 500.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth.

The fund manager of the scheme will be Vikrant Mehta, while the performance of the scheme will be benchmarked against NIFTY Money Market Index A-I.

The investment objective of the Scheme is to generate regular income through investment in a portfolio comprising of money market instruments with residual maturity up to 1 year. There is no assurance that the investment objective of the Scheme will be achieved.