2 days ago
JioBlackRock to Launch Balanced Advantage Fund NFO September 11
JioBlackRock is launching a new investment fund on September 11.
The fund can invest in both company shares and safer debt investments.
It can change the mix of these investments over time.
Between 65% and 90% of the fund will normally be in shares or related investments.
Between 10% and 35% will be in debt and money-market securities.
BlackRock’s Aladdin technology will help decide how the money is allocated.
People can invest ₹500 at once or start a monthly ₹500 SIP.
The fund is marked as very high risk, so its value could change significantly.
JioBlackRock will launch its balanced advantage fund NFO on September 11.
The open-ended fund will shift between equity, debt and money-market instruments.
It will invest 65%-90% in equity and 10%-35% in debt and money-market securities.
Portfolio allocation will use BlackRock’s Aladdin technology, research scores and risk parameters.
Investors can start with ₹500, while SEBI classifies the scheme as very high risk.
- Who
- JioBlackRock AMC, with a six-member management team comprising Tanvi Kacheria, Sahil Chaudhary, Virendra Kumar, Arun Ramachandran, Vikrant Mehta and Siddharth Deb.
- What
- The launch of an open-ended balanced advantage fund NFO offering direct and regular plans with a default growth option.
- Where
- The articles do not specify a physical launch location; the fund will be available for investment through lump-sum and SIP options.
- When
- The NFO is scheduled to roll out on September 11.
- Why
- The scheme aims to generate long-term capital appreciation and income by shifting investments between equity and debt instruments.
Key facts
- Fund type
- Open-ended dynamic asset allocation fund
- Equity allocation
- 65% to 90% in equity and equity-related instruments
- Debt allocation
- 10% to 35% in debt and money-market securities
- Minimum investment
- ₹500 lump sum or ₹500 per month through SIPs, with at least six instalments
- Benchmark
- Nifty 50 Hybrid Composite Debt 50:50 Index (TRI)
- Risk classification
- Very high risk under the SEBI riskometer; the primary benchmark is classified as high risk
- Portfolio technology
- BlackRock’s proprietary Aladdin platform, licensed to JioBlackRock AMC
Sources
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