JioBlackRock Mutual Fund files draft documents with Sebi for life cycle and debt funds

JioBlackRock Mutual Fund has filed draft documents with the Securities and Exchange Board of India (Sebi) to launch two schemes: JioBlackRock Life Cycle Fund 2056 and JioBlackRock Ultra Short Term Fund.

JioBlackRock Life Cycle Fund 2056

JioBlackRock Life Cycle Fund 2056 will be an open-ended scheme with a predetermined maturity and a defined glide path for goal-based investing.


The scheme aims to generate long-term capital appreciation by following a predefined glide path and investing across asset classes, including equity, debt, commodities and other instruments.

The performance will be benchmarked against Nifty 500 TRI (70%) + Nifty Composite Debt Index (25%) + Domestic Price of Gold (3%) + Domestic Price of Silver (2%) and will be managed by Tanvi Kacheria, Sahil Chaudhary, Virendra Kumar, Arun Ramachandran, Vikrant Mehta and Siddharth Deb.

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The minimum application amount for lumpsum investment will be Rs 500 and any amount thereafter. For SIP, the minimum investment amount will be Rs 500 and in multiples of Re 1 thereafter.

The scheme shall seek to generate long-term capital appreciation with a progressive reduction in portfolio risk over time by investing in a diversified portfolio across multiple asset classes, including equity and equity-related instruments, debt and money market instruments, units of gold and silver exchange traded funds and/or exchange traded commodity derivatives (restricted to gold and silver), and units of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), or such other instruments as may be permitted under the SEBI (Mutual Funds) Regulations from time to time.

The Scheme shall follow a lifecycle-based investment approach, wherein the asset allocation shall evolve in accordance with a pre-defined glide path, with relatively higher allocation to equity and growth-oriented assets during the initial years and a gradual shift towards debt and income-oriented instruments, with an increased focus on wealth creation and liquidity as the scheme approaches its target maturity.

The glide path allocations may be informed by asset allocation inputs, research and insights, including those provided by entities of BlackRock group. The fund will be suitable for investors who are seeking long-term capital appreciation aligned with target year (2056) and want investment in a portfolio where the asset allocation follows a pre-defined glide path by investing across asset classes, i.e. Equity, Debt, Commodity and other instruments.

JioBlackRock Ultra Short Term Fund

JioBlackRock Ultra Short Term Fund will be an open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months to 6 months with a moderate interest rate risk and moderate credit risk.

The investment objective is to generate income and maintain liquidity by investing in a portfolio comprising predominantly of debt and money market instruments.

The performance will be benchmarked against NIFTY Ultra Short Duration Debt Index AI and will be managed by Arun Ramachandran, Vikrant Mehta and Siddharth Deb.

The minimum application amount for lumpsum investment will be Rs 500 and any amount thereafter. For SIP, the minimum investment amount will be Rs 500 and in multiples of Re 1 thereafter.

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The fund will invest 0-100% in debt and money market instruments. The investment strategy would be towards generating returns through a portfolio of debt and money market instruments seeking to capture the term and credit spreads.

The fund will be suitable for investors who are seeking income over the short term and want investment in debt and money market instruments such that the Macaulay duration of the portfolio is between 3 months to 6 months.

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