Jio BlackRock Asset Management Company (AMC), a joint venture between Jio Financial Services and global investment giant BlackRock, is expanding its fund offerings.
The company has launched five new index funds, and investors can invest in these New Fund Offers (NFOs) until August 12.
These index funds focus on various segments of the market:
JioBlackRock Nifty 50 Index Fund: Tracks India’s top 50 blue-chip companies.
JioBlackRock Nifty Next 50 Index Fund: Focuses on companies ranked 51–100 after the Nifty 50.
JioBlackRock Nifty Midcap 150 Index Fund: Invests in mid-sized companies.
JioBlackRock Nifty Smallcap 250 Index Fund: Targets small-cap companies.
JioBlackRock Nifty 8–13 Yr G-Sec Index Fund: Invests in long-term government bonds.
Easy Investment Access and Low Costs
These funds are available for investment on the Jio Financial app and many popular platforms like Groww, Zerodha, Paytm, INDmoney, Dhan, and Kuvera.
Being passive index funds, they come with a lower expense ratio compared to active funds, and they have minimal tracking errors.
The company says these funds are a great way to invest in a wide range of stocks across different market sizes and government securities.
What Is an Index Fund?
Index funds are known as passive investment funds. They simply follow a market index, such as the Nifty 50, and invest in the same companies that are part of that index.
Since these funds don’t require active decision-making by a fund manager, they are low-cost and efficient.
For example, a fund tracking the Nifty 50 will only invest in the 50 companies included in that index.
Company’s Vision and Support for Investors
Sid Swaminathan, MD & CEO of Jio BlackRock AMC, said that this NFO marks the beginning of their digital-first and data-driven investment platform.
He emphasized that the company aims to support investors at every step with cost-effective and reliable index fund options.
The AMC is also launching educational initiatives to guide both new and experienced investors in making informed investment decisions.
About Jio BlackRock AMC
Jio BlackRock AMC is a 50:50 joint venture between Jio Financial Services Ltd (JFSL) and BlackRock.
The venture combines JFSL’s strong digital reach with BlackRock’s global investment expertise.
BlackRock is one of the world’s largest asset management companies, handling diverse investments across the globe.
