JioBlackRock Mutual Fund to launch 5 index NFOs next week. Check dates, other details

JioBlackRock Mutual Fund, a new entrant in the mutual fund industry, will launch five index fund NFOs next week. The new fund offer, or NFO, of these five funds will open for subscription on August 5 and will close on August 12.

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

Also Read | Jio BlackRock Mutual Fund receives Sebi nod for 5 index funds


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.

Out of these five funds, four are equity-oriented index funds, whereas one is a debt-oriented index fund.

The fund house, while hinting at the upcoming launch, posted on the social media platform X that, “Different needs. Different index funds. From large-cap stability to small-cap potential, and aiming to stabilise the portfolio with government-backed securities. Explore all five index funds, built to match the way you invest. Create an account and get investment-ready. Download JioFinance App today.”

JioBlackRock Mutual Fund NFO details

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.

JioBlackRock Nifty Midcap 150 Index Fund

JioBlackRock Nifty Midcap 150 Index Fund is an open-ended scheme replicating/ tracking the Nifty Midcap 150 Index. The investment objective of the fund is passive investment in equity and equity-related securities replicating the composition of the Nifty Midcap 150 Index, subject to tracking errors.

The performance of the fund will be benchmarked against the Nifty Midcap 150 Index (TRI). The principal invested in this fund will be at “very high risk” according to the riskometer of the fund.

The fund will invest 95-100% in equity and equity-related securities of companies comprising the Nifty Midcap 150 Index and 0-5% in debt and money market instruments.

Also Read | JioBlackRock Mutual Fund: New entrant in industry eyes profitable and scalable growth in India

JioBlackRock Nifty Next 50 Index Fund

JioBlackRock Nifty Next 50 Index Fund is an open-ended scheme replicating/ tracking the Nifty Next 50 Index. The investment objective of the fund is passive investment in equity and equity-related securities replicating the composition of the Nifty Next 50 Index, subject to tracking errors.

The performance of the fund will be benchmarked against Nifty Next 50 Index (TRI). The principal invested in this fund will be at “very high risk” according to the riskometer of the fund.

The fund will invest 95-100% in equity and equity related securities of companies comprising the Nifty Next 50 Index and 0-5% in debt and money market instruments.

JioBlackRock Nifty Smallcap 250 Index Fund

JioBlackRock Nifty Smallcap 250 Index Fund is an open-ended scheme replicating/ tracking the Nifty Smallcap 250 Index. The investment objective of the fund is passive investment in equity and equity related securities replicating the composition of Nifty Smallcap 250 Index, subject to tracking errors.

The performance of the fund will be benchmarked against Nifty Smallcap 250 Index (TRI). The principal invested in this fund will be at “very high risk” according to the riskometer of the fund.

The fund will allocate 95-100% in equity and equity related securities of companies comprising the Nifty Smallcap 250 Index and 0-5% in debt and money market instruments.

JioBlackRock Nifty 50 Index Fund

JioBlackRock Nifty 50 Index Fund is an open-ended scheme replicating/ tracking the Nifty 50 Index. The investment objective of the fund is passive investment in equity and equity-related securities replicating the composition of the Nifty 50 Index, subject to tracking errors.

The performance of the fund will be benchmarked against the Nifty 50 Index (TRI). The principal invested in this fund will be at “very high risk” according to the riskometer of the fund.

The fund will allocate 95-100% in equity and equity-related securities of companies comprising the Nifty 50 Index and 0-5% in debt and money market instruments.

Also Read | MF Tracker: UTI Mid Cap Fund turns Rs 10,000 SIP to nearly Rs 1.62 crore in 2 decades

JioBlackRock Nifty 8-13 yr G-Sec Index Fund

JioBlackRock Nifty 8-13 yr G-Sec Index Fund is an open-ended scheme replicating/ tracking the Nifty 8-13 yr G-Sec Index with a relatively high interest rate risk and relatively low credit risk.

The investment objective of the fund is passive investment in gilt securities replicating the composition of Nifty 8-13 yr G-Sec Index, subject to tracking errors. The principal invested in this fund will be at “moderate risk” according to the riskometer of the fund.

The performance of the fund will be benchmarked against Nifty 8-13 yr G-Sec. The fund will allocate 95-100% in securities comprising the Nifty 8-13 yr GSec Index and 0-5% in debt and money market instruments.