Overview
- Jio BlackRock received SEBI approval for four new schemes tracking the Nifty Next 50, Nifty Midcap 150, Nifty Smallcap 250 and a Nifty 8–13 year G-Sec index fund.
- Each scheme will be offered solely as a direct plan with growth options, no exit load and a minimum investment threshold of ₹500 for both lump sum and SIP.
- The New Fund Offers will remain open for three to fifteen business days, with exact dates to be announced by the asset manager.
- The joint venture now holds full regulatory clearances for its mutual fund business as well as its investment advisory and broking arms.
- Jio BlackRock’s maiden debt fund NFO raised ₹17,800 crore and the firm aims to roll out nearly a dozen additional equity and debt schemes by year-end.