8 Jio BlackRock Mutual Funds: Unveiling the Complete List of Schemes

Jio BlackRock Mutual Fund has formally debuted in India with a comprehensive suite of schemes spanning equity, money market, and liquid funds.

The launch marks the operational entry of the Reliance Jio-BlackRock joint venture, which aims to leverage BlackRock's global portfolio management expertise with Jio's vast distribution network.

Jio BlackRock has rolled out a full product basket, which includes equity funds covering mid-cap, small-cap, flexi-cap, and index strategies. It has also launched funds to park short-term funds such as liquid, money market, and overnight funds.

This breadth allows the AMC to immediately tap into retail, HNI, and institutional investor segments, while positioning itself against incumbents with scale rather than niche appeal.

This article outlines the lineup of Jio BlackRock schemes, their investment mandates, and how they align with the fund house's competitive strategy.

List of Jio BlackRock schemes

Here's a look at the complete list of Jio BlackRock schemes.

	Schemes
1	JioBlackRock Liquid Fund(G)-Direct Plan
2	JioBlackRock Money Market Fund(G)-Direct Plan
3	JioBlackRock Overnight Fund(G)-Direct Plan
4	JioBlackRock Nifty Midcap 150 Index Fund(G)-Direct Plan
5	JioBlackRock Nifty Next 50 Index Fund(G)-Direct Plan
6	JioBlackRock Nifty Smallcap 250 Index Fund(G)-Direct Plan
7	JioBlackRock Nifty 8-13 yr G-Sec Index Fund(G)-Direct Plan
8	JioBlackRock Nifty 50 Index Fund(G)-Direct Plan

Source: Equitymaster

#1 JioBlackRock Liquid Fund(G)-Direct Plan

JioBlackRock Liquid Fund is an open-ended liquid scheme with a low interest rate and credit risk. The fund aims to optimise investors' short-term cash surpluses with high liquidity and stable returns.

The fund leverages BlackRock's Aladdin platform, renowned for its credit risk management capabilities, aiming for minimal risk, high liquidity, and efficient portfolio management.

The fund invests in high-quality debt and money market securities (commercial paper, non-convertible debentures, etc.) with a maturity period of up to 90 days.

This makes it suitable for investors with a low to moderate risk appetite with an investment horizon of up to 3 months. This can serve as an emergency fund net.

The fund asset under management (AUM) stands at Rs 68.5 billion (bn). It's benchmarked against the Nifty Liquid Index A-I. The fund's current allocation is 98.5% in debt and 1.5% in cash and cash equivalents. It holds 42 securities, against a category average of 71, with an average maturity of 44 days.

It holds Treasury Bills, as well as Bajaj Finance, Tata Capital, and Indian Oil Commercial papers. The fund's yield to maturity (YTM) stands at 5.8%, slightly higher than the category average of 5.7%. YTM refers to the expected annual return if the securities in the portfolio are held until maturity, assuming no defaults.

Within credit ratings, 76.1% of the portfolio is held in AAA-rated instruments, 22.4% in sovereign securities, and 1.5% in cash equivalents.

#2 JioBlackRock Money Market Fund(G)-Direct Plan

The Jio BlackRock Money Market Fund was launched on 4 July 2025, and has an AUM of Rs 48.5 bn. It's an open-ended debt scheme that invests in money market instruments. The fund maintains a high liquidity and low risk. It's benchmarked against the Nifty Money Market Index A-I.

The fund has low interest rate risk and a moderate credit risk. It aims to invest in high-quality money market instruments - T-Bills, convertible debentures (CDs) - with a one-year maturity period.

The portfolio is predominantly invested in debt instruments, which account for 97.6%, with the balance held in cash and cash equivalents. 81.7% of its securities are AAA-rated, sovereign securities (15.9%), and cash (2.4%). The fund currently holds 43 securities, lower than the category average of 92.

This fund also uses BlackRock's Aladdin platform for risk management. This fund is suitable for short-term fund parking with a horizon up to 1 year.

The fund can also be used for Systematic Transfer Plan (STP) to equity-oriented funds.

#3 Jio BlackRock Overnight Fund(G)-Direct Plan

The Jio BlackRock overnight fund invests in overnight securities, carrying low interest rate risk and low credit risk.

The fund was launched on 4 July 2025 and has an AUM of Rs 16.2 bn. The fund benchmark index is the Nifty 1D Rate Index.

The fund aims to optimise investors' idle cash by providing highly liquid and steady returns. This fund is best for risk-averse investors who want to invest their funds for the short term.

It achieves this through investments in overnight instruments, such as Tri-Party Repos, T-bills, CDs, and CPs, which mature in one day. Currently, the fund has 4.5% of its corpus invested in RBI T-bills. The remaining is held in cash and cash equivalents.

#4 JioBlackRock Nifty Midcap 150 Index Fund(G)-Direct Plan

JioBlackRock Nifty Midcap 150 Index Fund is an open-ended scheme that tracks the Nifty Midcap 150 Index. This fund invests in a basket of mid-cap stocks through a single investment.

This fund offers high growth potential, enabling investors to benefit from the growth of mid-sized companies.

The fund's AUM is Rs 850 million (m). Its tracking error is 0.16%. By leveraging BlackRock's Aladdin platform, the fund aims to maintain this low tracking error.

This fund is suitable for investors willing to take on higher risk in pursuit of long-term growth, provided they have an investment horizon of five years or more.

Its current asset allocation is 99.8% in equities and the rest (0.2%) in cash and cash equivalents. Mimicking its benchmark. it has 150 stocks, with the top 10 stocks accounting for 18.3%, and the top 5 stocks, 10.5%.

It's also diversified by sector like its benchmark, with the financials accounting for 21.4%, followed by industrials (19.3%), materials (12.3%), healthcare (11.9%), and consumer discretionary (11.2%).

The fund holds 2.5% in Max Healthcare, followed by BSE (2.4%), Suzlon Energy (1.9%), Dixon Technologies (1.9%), and PB Fintech (1.7%).

#5 JioBlackRock Nifty Next 50 Index Fund(G)-Direct Plan

JioBlackRock Nifty Next 50 Index Fund was launched on 5 August 2025. It has an AUM of Rs 666.9 m, the fund maintains a low tracking error of 0.13%, and an expense ratio of 0.15%.

This fund tracks the Nifty Next 50 Index, providing exposure to a diversified basket of stocks that comprise the index. Investors get to invest in emerging businesses with good growth prospects. This fund is suitable for long-term investors seeking to build wealth over five years or more.

At present, 99.7% of the portfolio is allocated to equities, with the remaining 0.3% held in cash and cash equivalents. The fund holds 50 stocks, as per its benchmark, with the top 10 stocks accounting for 33.1%, and the top 5 stocks, 18.4%.

InterGlobe Aviation has the highest weight of 4.8%, followed by Hindustan Aeronautics (3.6%), Divis Labs (3.4%), TVS Motor (3.4%), and Vedanta (3.1%).

The portfolio is also diversified by sector, with financials accounting for 19.5%, followed by energy and utilities (15.4%), consumer staples (14.2%), consumer discretionary (12.9%), and industrials (11.6%).

#6 JioBlackRock Nifty Smallcap 250 Index Fund(G)-Direct Plan

JioBlackRock Nifty Smallcap 250 Index Fund was launched on 5 August 2025. With an AUM of Rs 890 m, the fund maintains a low tracking error of 0.22% and an expense ratio of 0.15%.

This fund tracks the Nifty Smallcap 250 Index, providing exposure to a diversified basket of small-cap stocks that offers the potential for high growth.

Investors get to invest in small businesses with strong growth prospects. This fund is suitable for long-term investors aiming to build wealth with a horizon over 5 years.

At present, 99.6% of the portfolio is allocated to equities, with the remaining 0.4% held in cash and cash equivalents. The fund holds 250 stocks, as per the benchmark index, with the top 10 stocks accounting for 12.6%, and the top 5 stocks, 7.6%.

MCX has the highest weight of 2%, followed by Laurus Labs (1.8%), CDSL (1.3%), Delhivery (1.3%), and Radico Khaitan (1.2%).

The portfolio is diversified, with financials accounting for 21.6% of the portfolio, followed by industrials (19.2%), materials (14.2%), healthcare (13.4%), and consumer (11.6%).

#7 JioBlackRock Nifty 8-13 yr G-Sec Index Fund(G)-Direct Plan

This is an open-ended scheme replicating the Nifty 8-13 year G-Sec index. The fund enables investment in a diversified portfolio of liquid Government of India (GOI) bonds.

The index is constructed using the prices of the top 5 most actively traded liquid GOI bonds with a residual maturity of between 8 and 13 years and an outstanding issuance of over Rs 50 bn.

This fund provides investors with exposure to high-quality debt instruments issued by the GOI, offering relatively stable returns while minimising credit risk. The fund is suitable for investors with a moderate risk appetite.

It has an AUM of Rs 346 m and a tracking error of 0.56%. The fund holds 3 sovereign securities, which account for 97% of the portfolio and the balance consists of cash equivalents.

#8 JioBlackRock Nifty 50 Index Fund(G)-Direct Plan

JioBlackRock Nifty 50 Index Fund was launched on 5 August 2025. It's benchmarked against the Nifty 50 Total Return Index (TRI).

This index fund tracks the Nifty 50 index, which comprises 50 stocks with the highest market cap.

The fund enables investment in a diversified portfolio of large-cap stocks, offering relatively steady returns over the long term. It's suitable for high-risk appetite investors with an investment horizon of over 5 years.

It has an AUM of Rs 721.6 m, a low tracking error of 0.04%, and an expense ratio of 0.1%.

99.8% of the portfolio is allocated to equities, with the remaining 0.2% held in cash and cash equivalents. The top 10 stocks make up 55.3% of its portfolio and the top 5 stocks, 39.8%.

HDFC Bank has the highest weight of 13.1%, followed by ICICI Bank (8.9%), Reliance Industries (8.3%), Infosys (4.8%), and Bharti Airtel (4.6%).

The financial sector accounts for 29.6% of the portfolio, followed by technology (14.1%), energy and utilities (11.1%), consumer discretionary (11.5%), and materials (8.2%).

Conclusion

Jio BlackRock's entry into the mutual fund space marks the arrival of a player that combines global investment expertise with domestic distribution scale.

By offering a complete product suite across equity, debt, and index funds, the AMC has positioned itself as a one-stop shop for investors seeking both liquidity and long-term growth.

Its low expense ratios combined with BlackRock's risk management systems can potentially provide it a competitive edge at launch.

Going forward, the fund house's challenge will be to deliver consistent performance and attract meaningful inflows in a market already crowded with well-established incumbents.

Happy investing.

Disclaimer: This article is for information purposes only. It is not a recommendation and should not be treated as such.