Jio Financial Services: Jio BlackRock gets SEBI approval to launch 4 passive funds
Jio Financial Services, through its joint venture Jio BlackRock, has secured approval from the Securities and Exchange Board of India (SEBI) to launch four passive mutual fund schemes, according to official Scheme Information Documents reviewed.
The approved schemes are:
Jio BlackRock Nifty 8-13 yr G-Sec Index Fund — tracking the Nifty 8-13 year Government Securities Index
Jio BlackRock Nifty Smallcap 250 Index Fund — tracking the Nifty Smallcap 250 Index
Jio BlackRock Nifty Next 50 Index Fund — tracking the Nifty Next 50 Index
Jio BlackRock Nifty Midcap 150 Index Fund — tracking the Nifty Midcap 150 Index
These are all open-ended index funds designed to passively replicate the respective benchmarks with minimal tracking error, offering investors exposure to equity and debt segments of the Indian market.
The approvals mark a significant milestone for Jio BlackRock, which was formed as a partnership between Reliance's Jio Financial Services and BlackRock, the world's largest asset manager.
With these funds, the JV aims to tap into India's rapidly growing mutual fund industry, offering low-cost, transparent, and benchmark-aligned investment options.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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