Jio BlackRock Nifty Midcap 150 Index Fund NFO: SIP, STP options, fund managers, where will it invest? Explained

In July, Jio BlackRock Mutual Fund filed its first draft document with SEBI to launch Jio BlackRock Nifty Midcap 150 Index Fund, which is an open-ended scheme tracking the Nifty Midcap 150 Index.

Here's a look at key details of the upcoming fund based on details in the draft document:

Investment objective and asset allocation

The scheme will allow passive investment in equity and equity-related securities replicating the composition of the Nifty Midcap 150 Index, subject to tracking errors. However, there is no assurance that the investment objective of the scheme will be achieved.

Under normal circumstances, the scheme will allocate up to 95% to 100% in equity and equity-related stocks of companies comprising the Nifty Midcap 150 Index. It may also invest up to 5% in debt and money market instruments.

Where will this fund invest?

The fund will track the Nifty Midcap 150 Index TRI. In other words, it will invest in the stocks that are part of the Nifty Midcap 150 Index.

The Nifty Midcap 150 represents the next 150 companies (companies ranked 101-250) based on full market capitalisation from the Nifty 500. It aims to measure the performance of mid-market capitalisation companies.

The following stocks were the constituents of the Nifty Midcap 150 index as of June 10, 2025:

Exit load, investment amount and SIP options

Jio BlackRock Nifty Midcap 150 Index Fund will have no exit load, meaning you can invest and exit from the fund at any time without paying any charges.

Further, the scheme with allow investors to start their investment journey with as little as ₹500 either as a lump sum or through a systematic investment plan (SIP).

Investors will be allowed to start weekly, monthly, and quarter SIPs in the fund. It will also allow SIP top-up facility, SIP pause facility, systematic transfer plan (STP), and systematic withdrawal plan (SWP).

Who are the fund managers?

The fund will have three fund managers: Tanvi Kacheria, Anand Shah, and Haresh Mehta. Kacheria has a total experience of 14 years, while Shah and Mehta have 23 years and 18 years of experience, respectively.

NFO dates: When can you invest?

The new fund offer for the Jio BlackRock Nifty Midcap 150 Index Fund opened on August 5, 2025. It will remain available for subscription until August 12, 2025.