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Jio BlackRock gets Sebi approval to launch four passive index schemes
The approved schemes include:
JioBlackRock Nifty Midcap 150 Index Fund
JioBlackRock Nifty Next 50 Index Fund
JioBlackRock Nifty Smallcap 250 Index Fund
JioBlackRock Nifty 8–13 yr G-Sec Index Fund
All four schemes are structured as index funds and will only offer direct plans with growth options. Each new fund will open for subscription during a New Fund Offer (NFO) period lasting between three and 15 calendar days, as mandated by Sebi. Exact dates, however, are yet to be announced. Sebi's clearance sets the stage for Jio BlackRock to further expand its footprint in India's growing passive fund space.
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