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News Topical, Digital Desk : JioBlackRock, a joint venture between Jio and BlackRock, has launched four new index funds for Indian investors. All these funds track different indexes and can be good options for long-term investors. These funds have received SEBI approval.
4 new funds and their focus:
1. JioBlackRock Nifty 8-13 yr G-Sec Index Fund
- This fund invests in 8 to 13 year maturity bonds (G-Secs) of the Government of India.
- A better option for investors looking for low risk, stable returns.
- Based on a strategy linked to regular income and long term bond yields.
2. JioBlackRock Nifty Smallcap 250 Index Fund
- This fund tracks the Nifty Smallcap 250 index.
- In this, investment is made in 250 smallcap companies of the country.
- High risk-high return profile, but big growth possible in the long term.
3. JioBlackRock Nifty Next 50 Index Fund
- This fund invests in the top 50 companies after Nifty 50 (second half of Nifty 100).
- They are also called 'India's emerging bluechips'.
- Moderate risk, but good opportunity for growth upside in larger companies.
4. JioBlackRock Nifty Midcap 150 Index Fund
- This fund invests in Nifty Midcap 150 index.
- That means you get exposure to 150 mid-size companies of India.
- Midcap companies often provide rapid growth but they also carry some risk.
These funds of JioBlackRock are index based, meaning they do not have active fund management fees and they try to give market-like returns at low cost. For investors who want simple and diversified investments, these can become a new and reliable option.
Read More: JioBlackRock gets SEBI approval for 4 new mutual funds
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