JioBlackRock Large Cap Fund will open for subscription on March 24. Who should invest?

JioBlackRock Mutual Fund has announced the launch of the JioBlackRock Large Cap Fund. The fund will open for subscription on March 24 and will close on April 7.

The investment objective of the scheme will be to generate long term capital appreciation by predominantly investing in equity and equity related instruments of large-cap companies.

Also Read | Planning child education with mutual funds? Expert suggests right fund mix and key portfolio tweaks


The performance of this largecap fund will be benchmarked against the BSE 100 Index (TRI) and will be managed by Tanvi Kacheria and Sahil Chaudhary.

The scheme shall offer only direct plan and further shall offer only growth option. The minimum application amount for lumpsum investment will be Rs 500 and any amount thereafter. For monthly SIP, the minimum investment amount will be Rs 500 and in multiples of Re 1 thereafter with minimum six installments.

JioBlackRock Large Cap Fund will allocate 80-100% in equity and equity-related instruments of largecap companies. 0-20% will be allocated in equity and equity-related instruments of companies other than largecap companies, 0-20% in debt and money market instruments, and 0-10% in units issued by InvITs.

Investment strategy

The scheme shall follow an active investment strategy which adopts a systematic approach to stock selection and portfolio construction. The approach allows the fund manager to respond proactively to changing market conditions and emerging opportunities.

Why JioBlackRock Large Cap Fund?

According to the fund house, the fund combines human insight and the power of technologies like AI, and machine learning to identify strong large-cap companies and manage risk in a structured manner, uses India-specific Signals research scores (Systematic Active Equity) provided by BlackRock group entities.

The fund focuses on investing in largecap companies by following a disciplined framework and defined risk management processes. It is structured to provide exposures to established market leaders within the large cap segment. And lastly, is delivered at a relatively low price with no exit load.

Also Read | MF Tracker: This flexicap fund turns Rs 10,000 SIP to Rs 1.35 crore in over 2 decades

Who should invest?

The fund will be suitable for investors who are seeking long-term capital appreciation and want investment predominantly in equity and equity related instruments of large cap companies.

The following persons are eligible and may apply for subscription to the units of the scheme (subject, wherever relevant, to subscription of units of mutual fund being permitted under relevant statutory regulations): Resident Indian adult individual either singly or jointly (not exceeding three), companies, Bodies Corporate, Public Sector Undertakings, association of persons or bodies of individuals and societies registered under the Societies Registration Act, 1860 (so long as the subscription of units is permitted under their respective constitutions).

The other includes Hindu Undivided Family (HUF) through Karta, Other Mutual Funds registered with SEBI, any other category of investor so long as wherever applicable they are in conformity with applicable SEBI Regulations/RBI, etc.

The principal invested in the fund will be at “very high risk” according to the riskometer of the scheme.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)