Jio Blackrock gets Sebi nod to launch four passive funds. Details here
The mutual fund has been authorized by SEBI to introduce four index funds: the JioBlackRock Nifty Midcap 150 Index Fund, JioBlackRock Nifty Next 50 Index Fund, JioBlackRock Nifty Smallcap 250 Index Fund, and JioBlackRock Nifty 8-13 year G-Sec Index Fund.
Among these, three funds will focus on equity indices, while one fund will track a debt-oriented government securities index.
Passive index funds aim to replicate the returns of specified market indices, serving as an economical alternative to actively managed schemes. Given the growing investor interest in passive investment products both globally and within India, SEBI's clearance is expected to enhance competition among asset management firms.
Jio's move into the mutual fund industry represents a strategic diversification beyond its established operations in telecom, digital services, and retail. At the same time, BlackRock, recognized as one of the world's leading asset managers, is steadily increasing its footprint in the Indian financial market through partnerships and new fund offerings.
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