Jio BlackRock to Launch 4 New Index Funds: Jio BlackRock Mutual Fund is bringing four new index funds for investors, which have received SEBI approval. By investing in these funds, you can become a part of major indices like Midcap, Smallcap and Next 50. Apart from this, a fund also gives the option of investing in government bonds, which can be the right option for low-risk investors.
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Jio BlackRock to Launch 4 New Index Funds Names
The names of these funds are Jio BlackRock Nifty Midcap 150 Index Fund, Jio BlackRock Nifty Next 50 Index Fund, Jio BlackRock Nifty Smallcap 250 Index Fund and Jio BlackRock Nifty 8-13 Yr G-Sec Index Fund. Of these, 3 funds are equity-oriented (linked to the stock market), while one fund is debt-oriented (government bond-based).
Jio BlackRock to Launch 4 New Index Funds: Special features, Mutual Funds
- All these mutual funds will be available only in direct plans.
- Every fund will only offer a growth option (i.e. you will not get dividends, but the value of the investment will increase).
- The minimum amount for a lump sum investment is ₹500, after which you can invest any amount.
- The starting amount for SIP (Systematic Investment Plan) is also ₹500, and after that, one can invest in multiples of ru.1.
3 Fund Managers will Jointly Manage All Four Mutual Funds
Jio BlackRock’s three equity index funds – Midcap 150, Next 50, and Smallcap 250 will be managed by Tanvi Kachedia, Anand Shah and Haresh Mehta. The 8-13 year G-Sec index fund with government bonds will be managed by Vikrant Mehta, Siddhartha Deb and Arun Ramachandran. These people will decide the investment strategy of the fund.
Know about the Jio BlackRock to Launch 4 New Index Funds
- JioBlackRock Nifty Midcap 150 Index Fund: A mutual fund that will specifically follow the Nifty Midcap 150 Index. This means that this fund will invest in the shares of those 150 midcap companies that are included in this index. In this, about 95% to 100% of the money will be invested in shares, and the remaining part will be invested in safe investments. It is called ‘open-ended’ because you can invest in this fund or withdraw money whenever you want.
2. JioBlackRock 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 to generate returns to investors that are similar to the performance of this index. The performance of this fund will be measured based on the Nifty Next 50 Index (TRI).
3. JioBlackRock Nifty Smallcap 250 Index Fund: It is an open-ended scheme that will follow the Nifty Smallcap 250 Index. The objective of this fund is to invest in shares of companies included in the Nifty Smallcap 250 Index and other related securities to provide index-like returns to investors. The benchmark of this fund will be the 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.
4. Jio BlackRock Nifty 8-13 Yr G-Sec Index Fund: It is an open-ended mutual fund that 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 returns by investing in government bonds.
In this, 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.
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