Jio BlackRock Asset Management has launched five new index funds through a New Fund Offering (NFO). This is the company’s first suite of passive investment products. The NFO began on August 5 and will close on August 12.
Here’s a breakdown of the new funds:
- JioBlackRock Nifty 50 Index Fund: Invests in India’s top 50 largest companies.
- JioBlackRock Nifty Next 50 Index Fund: Focuses on the next tier of large-cap stocks.
- JioBlackRock Nifty Midcap 150 Index Fund: Targets mid-sized companies.
- JioBlackRock Nifty Smallcap 250 Index Fund: Provides exposure to emerging small-cap firms.
- JioBlackRock Nifty 8–13 Yr G-Sec Index Fund: Offers exposure to long-term government bonds.
You can invest in these funds through the JioFinance app and other major investment platforms like Groww, Zerodha, Paytm, INDmoney, Dhan, and Kuvera. The funds are also available through SEBI-registered investment advisors.
All five funds offer a direct plan with a growth option. The minimum investment for a lump sum or a Systematic Investment Plan (SIP) is just Rs. 500. There are no exit loads.
The funds are designed to be cost-effective. The JioBlackRock Nifty 50 Index Fund and the JioBlackRock Nifty 8-13 Yr G-Sec Index Fund have a Total Expense Ratio (TER) of 0.10%. The other three equity funds have a TER of 0.15%.