JioBlackRock Liquid Fund
This is the Direct plan of JioBlackRock Liquid Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
NAV history
Scorecard
★★★★★5/5 vs 41 of 43 Liquid Fund peers1Y- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Liquid Fund (same plan and option). Based on a 1-year record — this fund is too young for a 3-year CAGR, so its performance is ranked on 1Y against the same peers. 41 of the 43 Liquid Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
Not enough Liquid Fund peers to rank yet
Volatility 0.2% vs 0.2% category avg
0.1% expense vs 0.1% category avg
Not enough history for a rolling 3Y view
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Ranks #3 of 41 on 1-year return in its Liquid Fund cohort
- Low expense ratio (0.10%) vs the Liquid Fund average of 0.15%
Concerns
No significant concerns identified.
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Liquid Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.48% | +0.45% | +0.03% |
| 3M abs | +1.58% | +1.52% | +0.06% |
| 6M abs | +3.34% | +3.23% | +0.11% |
| 1Y CAGR | +6.57% | +6.40% | +0.17% |
| 3Y CAGR | — | +6.88% | — |
| 5Y CAGR | — | +6.33% | — |
Category average across peers in Liquid Fund (up to 43 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 43 peers in Liquid Fund
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
12 monthly installments of ₹10,000 into JioBlackRock Liquid Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | +5.10% | |
| 2025part | +2.84% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.
Taxation
Taxed as debtThis is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.
Your income-tax slab — no LTCG or indexation benefit
Pick your slab to see the rate that applies to you.
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Debt92.35%
- Cash & Equivalents7.65%
Cash & cash-like: 18.76% — the 7.65% above plus treasury bills, certificates of deposit, commercial paper and TREPS, which the allocation files under Debt but the market counts as cash-equivalent.
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹8,348Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
AMC Profile
Jio BlackRock Mutual Fund is a 50:50 joint venture between Jio Financial Services and BlackRock, the world's largest asset manager. It began operations in 2025 with debt schemes and is building out its index and active range.
Fund Managers
SDSiddharth DebStart date not disclosed
Senior Fund Manager
MMS Finance from University of Mumbai B.Sc. (Zoology) from University of Kolkata
• JioBlackRock AMC (Senior Fund Manager) – May 1, 2025 – Present. • Nippon Life India Asset Management Limited (Fund Manager) – November 2016 – April 2025. • Goldman Sachs Asset Management India (Fund Manager) – August 2011 – November 2016.
ARArun RamachandranStart date not disclosed
Co-Head Cash and Fixed Income
Financial Risk Management (2010) Post Graduate Diploma in Business Administration (Mumbai Education Trust – 2006)
• JioBlackRock AMC (Fund Manager – Fixed Income) – December 27, 2024 – Present. • SBI Funds Management Limited (Fund Manager – Fixed Income) – March 02, 2009 – December 26, 2024.
VMVikrant MehtaManaging since 26 Dec 2024
Co-Head Cash and Fixed Income
M.S. (Engineering) from Kiev Polytechnical Institute, Ukraine Chartered Financial Analyst, Institute of Chartered Financial Analysts of India (ICFAI)
• JioBlackRock AMC (Senior Fund Manager) - December 02, 2024 – Present. • ITI Asset Management Limited (Head – Fixed Income and Portfolio Manager) – January 15, 2021 – November 14, 2024. • Indiabulls Asset Management Company Limited (Head – Fixed Income and Portfolio Manager) – January 28, 2019 – May 31, 2020. • PineBridge India Private Limited (Vice President – Fixed Income) – December 04, 2006 – December 31, 2018.
Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
Explore from here
Jio BlackRock in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
Jio BlackRock MF introduces Income Plus Arbitrage Omni FOF
Investment Guru India · 3h ago
Jio Financial CEO Hitesh Sethia on Rs 1.5 Lakh Cr NBFC Runway, BofA Deal & Insurance launch
bfsi.economictimes.indiatimes.com · 13d ago
SIF AUM grows 5-fold in 6 months; should MF investors ride the momentum?
Business Standard · 26d ago
JioBlackRock AMC eyes ₹25,000 cr AUM target by FY27, launches new fund
Business Standard · 27d ago
JioBlackRock Flexi Cap Fund Review: Plans, NAV, Returns and Portfolio Analysis 2026
Univest · 21 Aug 2026
JioBlackRock Liquid Fund Review: Plans, NAV, Returns and Portfolio Analysis 2026
Univest · 21 Aug 2026
JioBlackRock Short Duration Fund Review: Plans, NAV, Returns and Portfolio Analysis 2026
Univest · 21 Aug 2026
JioBlackRock Arbitrage Fund Review: Plans, NAV, Returns and Portfolio Analysis 2026
Univest · 21 Aug 2026
Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Liquid funds
Liquid funds invest in very short-term debt (maturing within 91 days). They're used to park money for days or weeks — low risk and easy to redeem, but low return too.
From the blog
Liquid funds returned 6.46% in a year; overnight 5.26%
01 Oct 2026
Over the year to 30 September 2026 the median liquid fund returned 6.46% and the median overnight fund 5.26%. How close together the funds in each finished.
Liquid funds returned 6.44% in a year, and sped up
24 Aug 2026
The median liquid fund returned 6.44% in the year to 23 August 2026, much as in March. But its last six months ran at about 6.9% a year, against 6.0% then.
Frequently asked questions
What is the NAV of JioBlackRock Liquid Fund?
As of 05 Oct 2026, the NAV of JioBlackRock Liquid Fund is ₹1,081.70 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has JioBlackRock Liquid Fund delivered?
JioBlackRock Liquid Fund has returned +6.57% over 1 year and +6.43% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of JioBlackRock Liquid Fund?
JioBlackRock Liquid Fund charges an expense ratio of 0.10% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of JioBlackRock Liquid Fund?
JioBlackRock Liquid Fund's largest holdings are Canara Bank (23-Nov-2026) (4.9%), National Bank For Agriculture & Rural Development (23-Nov-2026) (4.0%), 91 DTB (29-OCT-2026) (4.0%), Kotak Securities Ltd (25-Sep-2026) (3.9%) and Grasim Industries Ltd (17-Sep-2026) (2.9%). Holdings are disclosed monthly and change over time.
How risky is JioBlackRock Liquid Fund?
JioBlackRock Liquid Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.2% and its worst peak-to-trough fall in our sample was -0.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What is the benchmark of JioBlackRock Liquid Fund?
JioBlackRock Liquid Fund is benchmarked against the Nifty Liquid Index A-I. Its alpha and beta on this page are measured against that index.
Who manages JioBlackRock Liquid Fund?
JioBlackRock Liquid Fund is managed by Siddharth Deb, Arun Ramachandran and Vikrant Mehta at Jio BlackRock.
How is JioBlackRock Liquid Fund taxed?
JioBlackRock Liquid Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.