JioBlackRock Mutual Fund gets Sebi nod for a flexi cap fund

JioBlackRock Mutual Fund has received the final nod from Sebi to launch a flexi cap fund - JioBlackRock Flexi Cap Fund. The fund is an open-ended dynamic equity scheme investing across large cap, mid cap, and small cap stocks.

The investment objective of the scheme is to generate long-term capital appreciation by investing in equity and equity-related instruments across market capitalization. The scheme shall offer only a direct plan. Further, the plan shall offer only a growth option.

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The fund will be benchmarked against the Nifty 500 Index (TRI) and will be managed by Tanvi Kacheria and Sahil Chaudhary.

The exit load is nil. The minimum application amount for lump sum investment is Rs 500, and any amount thereafter. For SIP, the minimum application amount is Rs 500 and in multiples of Re 1 thereafter, with a minimum of six installments.

The fund will allocate 65-100% in equity and equity-related instruments of large cap, mid cap, and small cap companies, 0-35% in debt and money market instruments, and 0-10% in units of REITs and InvITs.

The investment objective of the scheme is to generate long-term capital appreciation by investing in equity and equity-related instruments across market capitalizations. The scheme shall follow an active investment strategy that adopts a systematic approach to stock selection and portfolio construction. The approach allows the fund managers to respond proactively to changing market conditions and emerging opportunities.

The maximum Total expenses ratio (TER) permissible under Regulation 52 (6) (c ) is up to 2.25%.

The fund is suitable for investors who are seeking long-term capital appreciation and want Investment in equity and equity-related instruments of companies across market capitalization.

JioBlackRock Mutual Fund existing NFOs

The five index funds from the fund house are open for subscription and will close on August 12. The five index funds are - JioBlackRock Nifty Midcap 150 Index Fund, JioBlackRock Nifty Next 50 Index Fund, JioBlackRock Nifty Smallcap 250 Index Fund, JioBlackRock Nifty 8-13 yr G-Sec Index Fund, and JioBlackRock Nifty 50 Index Fund.

Further, these five funds will reopen for continuous sale and repurchase within five business days of the allotment date. Last month, the fund house announced receiving a final nod from Sebi for these five index funds.

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The schemes will offer only direct plans, and further, the plan shall offer only a growth option. The minimum application amount for lumpsum investment in all five funds is Rs 500, and any amount thereafter. For SIP, the minimum application amount in all funds is Rs 500 and in multiples of Re 1 thereafter.

JioBlackRock Nifty Midcap 150 Index Fund, JioBlackRock Nifty Next 50 Index Fund, JioBlackRock Nifty Smallcap 250 Index Fund, and JioBlackRock Nifty 50 Index Fund - the equity-oriented index funds will be managed by Tanvi Kacheria, Anand Shah, and Haresh Mehta.

JioBlackRock Nifty 8-13 yr G-Sec Index Fund will be managed by Vikrant Mehta, Siddharth Deb, and Arun Ramachandran.