Jio BlackRock Mutual Fund launches its first exchange-traded fund: Key points to know

Jio BlackRock Mutual Fund has launched its first exchange traded fund (ETF): JioBlackRock Nifty 50 ETF, which is an open-ended scheme tracking the Nifty 50 Index.

The new fund offer (NFO) of the ETF opened for subscription on Tuesday, August 04, 2026 and it will close on August 11, 2026. After the new fund offer period, the exchange traded fund will be listed on NSE and can be bought and sold like equity shares.

The ETF will make passive investment in equity and equity related securities replicating the composition of Nifty 50 Index, subject to tracking errors. In other words, the performance of the scheme will measured against Nifty 50 Index. This article explains the key points to know about this ETF

The fund managers of Jio BlackRock Nifty 50 ETF are Tanvi Kacheria, Anand Shah and Haresh Mehta.

While Ms. Kacheria has an experience of over 14 years, Mr Shah has 13 years experience, and Mr Mehta has over 18 years of experience.

During the NFO period, one can invest in this ETF with minimum Rs 500. The units will be allotted in whole figures and the amount for the fractional units will be refunded. post listing, investors will be able to buy/sell units of the ETF through NSE and BSE on all trading days.

This scheme will invest in the stocks included in the Nifty 50 Index. Under normal circumstances, the indicative asset allocation shall be as follows:

• Equity and equity related securities of companies comprising the Nifty 50 Index: 95% to 100%

• Debt and Money Market Instruments (Including units of Mutual Funds): 0% to 5%

The Net Asset Value (NAV) of the scheme, expressed in rupees, will calculated by adding the market or fair value of the scheme's investments to its current assets (including accrued income), subtracting current liabilities and provisions (including accrued expenses), and then dividing the result by the number of units outstanding under the scheme on the valuation date.

The NAV would be calculated up to four decimal places and declared on each business day.