Jio BlackRock is opening 5 new index funds next week, which will be available only in direct plan and growth option. These include 4 equity funds and 1 debt fund. The minimum investment is ₹500. These funds will be open for subscription from 5 to 12 August.
Add informalnewz.com as a Preferred Source
Jio BlackRock Mutual Fund House is going to launch NFO (New Fund Offer) of five index funds next week. Of these, four funds are linked to the stock market and one fund is linked to government bonds (government securities). These funds include Jio BlackRock Nifty 150 Index Fund, Jio BlackRock Nifty Next 50 Index Fund, Jio BlackRock Nifty Smallcap 250 Index Fund, JioBlackRock Nifty 50 Index Fund and Jio BlackRock Nifty 8-13 Yr G-Sec Index Fund. The NFOs of all these funds will be open from August 5 to August 12.
All funds will be available only under direct plan
All schemes of Jio BlackRock Mutual Fund will be available only under direct plan and every fund will have only growth option. Lumpsum investment in all funds can be done from a minimum of ₹ 500 and after that any amount can be invested. One can also invest in these funds through SIP (Systematic Investment Plan) from a minimum of ₹ 500 and after that one can invest in multiples of 1 rupee. These four market-linked funds will be managed by Tanvi Kacheria, Anand Shah, and Harsh Mehta. Whereas, Jio BlackRock Nifty 8-13 Year G-Sec Index Fund will be managed by Vikrant Mehta, Siddharth Deb and Arun Ramachandran.
Jio BlackRock Nifty Midcap 150 Index Fund
This fund will follow the Nifty Midcap 150 Index. This means that the fund will invest in the shares of those 150 midcap companies which are included in this index. The purpose of this fund is not to give more returns than the index, but to follow the returns of the index. This fund is considered to be very risky, because the shares of midcap companies go up and down quickly. But if you invest for a long time i.e. for many years, then you can benefit. About 95% to 100% of the money of this fund will be invested in the shares of those companies which come in Nifty Midcap 150. The remaining 0% to 5% money will be invested in slightly safer options (options like government bonds or cash).
Jio BlackRock Nifty Next 50 Index Fund
An open-ended mutual fund that will follow the Nifty Next 50 Index. The objective of this fund is to invest in shares of companies included in the Nifty Next 50 Index and their related securities, so that investors get returns similar to the performance of this index. The performance of this fund will be measured on the basis of Nifty Next 50 Index (TRI).
Jio BlackRock Nifty Smallcap 250 Index Fund
This is also an open-ended scheme, which will follow the Nifty Smallcap 250 Index. The objective of this fund is to invest in the shares of companies included in the Nifty Smallcap 250 Index and other securities related to them, so that investors can get returns like the index. The benchmark of this fund will be Nifty Smallcap 250 Index (TRI). In this, 95-100% of the total investment will be invested in equity shares of companies that are part of this index, while 0-5% will be kept in debt and money market instruments.
Jio BlackRock Nifty Next 50 Index Fund
An open-ended mutual fund that will follow the Nifty Next 50 Index. The fund aims to invest in stocks of companies included in the Nifty Next 50 Index and their related securities to generate returns that are similar to the performance of the index. The performance of the fund will be measured based on the Nifty Next 50 Index (TRI).
Jio BlackRock Nifty 8-13 Yr G-Sec Index Fund
This is also an open-ended mutual fund, which will follow the Nifty 8-13 year G-Sec Index. It has a slightly higher interest rate risk, but a lower credit risk. The objective of this fund is to provide safe and stable profits by investing in government bonds. More than 95% of the money will be kept in these government bonds and the remaining part will be invested in other low-risk investment options.
Disclaimer: This is just information. It does not mean that we are advising you to invest in any fund. Investing in mutual funds can be beneficial, but it also involves risk. Therefore, before taking any decision, think for yourself, understand or consult an expert. Read the information and documents related to the fund carefully.
