Jio BlackRock gets SEBI nod to launch four passive index mutual funds; check key details

The four funds are as follows:

• JioBlackRock Nifty Midcap 150 Index Fund

• JioBlackRock Nifty Next 50 Index Fund

• JioBlackRock Nifty Smallcap 250 Index Fund and

• JioBlackRock Nifty 8-13 yr G-Sec Index Fund

JioBlackRock Nifty Smallcap 250 Index Fund

This will be an open-ended index fund aiming to replicate the Nifty Smallcap 250 index. The minimum investment amount for this fund would be ₹500 and any amount thereafter during the new fund offer (NFO) period, as well as on a continuous basis. This scheme has been categorised as ‘very high’ risk.

The scheme will be a direct plan with the growth option. During the NFO period, the price would be ₹10 per unit. There would be no exit load in this fund.

While 95-100% of the assets would be allocated to equity and equity-related securities of the Nifty Smallcap 250 index, up to 5% would be in debt and money market instruments. Additionally, the benchmark for this fund would be the Nifty Smallcap 250 index (total returns index).

JioBlackRock Nifty Next 50 Index Fund

This will also be an open-ended index fund, tracking the Nifty Next 50 Index. With its benchmark as the Nifty Next 50 Index (TRI), the fund has only the direct plan with growth option.

The NFO price for the scheme is ₹10 per unit, and the minimum investment amount is ₹500 and any amount thereafter during the NFO. For an SIP, the minimum amount is ₹500 and in multiples of ₹1 thereafter. The risk factor is termed as ‘very high’ for the fund. Further, there is no exit load.

The asset allocation is the same as above, with 95-100% in equity and equity-related securities of the Nifty Next 50 index, and up to 5% would be in debt and money market instruments.

JioBlackRock Nifty 8-13 yr G-Sec Index Fund

This will be an open-ended index fund replicating/tracking the Nifty 8-13 yr G-Sec Index with its benchmark as Nifty 8-13 yr G-Sec Index (TRI). It will also offer only the direct plan with growth option, and there will be no exit load.

The minimum investment needed in the fund is ₹500, and any amount thereafter during the NFO period and on a continuous basis. During the NFO, the units would be offered at ₹10 per unit. Its assets would be allocated as follows:

95-100% in securities covered by the Nifty 8-13 yr G-Sec Index. Up to 5% in debt and money market instruments.

The fund has a relatively high interest rate risk and relatively low credit risk.

JioBlackRock Nifty Midcap 150 Index Fund

This will be an open-ended index fund tracking the Nifty Midcap 150 index. The NFO price for the fund would be ₹10 per unit, and the minimum investment amount would be ₹500 and any amount thereafter (for both, during NFO and on a continuous basis). The minimum amount is the same for SIP and lump sum investments as well.

As per the asset allocation of this fund, 95-100% of the assets will be invested in equity and equity-related securities of the Nifty Midcap 150 index, while up to 5% in debt and money market instruments. The benchmark for the fund will be the Nifty Midcap 150 Index (TRI), and there will be no exit load. The risk of the scheme has been pegged as ‘very high’.

Jio Financial Services shares

At 12:32 pm on Wednesday, July 16, shares of Jio Financial Services were trading 0.31% down at ₹320.20 apiece on the NSE.

Jio Financial Services, which was originally a subsidiary of Reliance Industries Limited (RIL) until it was demerged in 2023, will announce its earnings for the June quarter of the current financial year (Q1 FY25) on Thursday, July 17.

“.... we wish to inform you that a presentation to analysts on financial results of the Company for the quarter ended June 30, 2025 shall be made on July 17, 2025 at 19.30 hours IST after the Board meeting,” the company said in a regulatory filing on July 10, 2025.