NFO: JioBlackrock Nifty Midcap 150 Index Fund To Open on August 5

Mumbai, July 30, 2025 – Jio BlackRock Mutual Fund has announced the launch of its JioBlackRock Nifty Midcap 150 Index Fund, an open-ended scheme that aims to replicate the performance of the Nifty Midcap 150 Index (TRI).

The New Fund Offer (NFO) will open for subscription on August 5, 2025, and close on August 12, 2025. The fund will reopen for continuous sale and repurchase within five business days from the date of allotment.

Scheme Highlights

JioBlackRock Nifty Midcap 150 Index Fund is an index fund that falls under the Other Schemes category and tracks the Nifty Midcap 150 Index (TRI). It has a very high-risk rating for both the scheme and its benchmark. The NFO is between August 5 and August 12, 2025. It is operated by Tanvi Kacheria, Anand Shah, and Haresh Mehta, offering only a Direct Plan and a Growth Option. The minimum investment required would be 500 Rs with no exit load. The disclosed daily NAV is up to four decimal points.

Asset Allocation Strategy

The fund will invest 95-100 per cent in equity and equity-related instruments of Nifty Midcap 150 and 5 per cent in debt and money market instruments. It can also engage in securities lending operations (up to 20 per cent), utilize equity derivatives (up to 20 per cent non-hedging), and invest up to 5 per cent in mutual funds, short-term deposits, and corporate debt repos.

SIP, STP & SWP Facilities

All major systematic facilities are available both during NFO and on an ongoing basis:

SIP: They offer Systematic Investment Plans on a weekly, monthly, or every 3-monthly basis, with a minimum requirement of 6 payments of 500 rupees. SIP top-ups and a pause facility of 1-6 months are available to the investors.

STP: Transfer Plans can be scheduled on a daily, weekly, monthly, or quarterly basis, with a minimum of 6 transfers of understanding on that account and a minimum deposit of 100 rupees. The transfers should be in multiples of 1.

SWP: SWPs are available on a weekly, monthly, or quarterly basis, and they require at least 6,500 withdrawals. Withdrawals can only be done in multiples of 1 rupee.

Additional Details

• Tracking Error: Target ≤ 2% based on 1-year rolling data; tracking difference targeted at 50 bps above TER.
• Transaction Charges: Nil; stamp duty of 0.005% applicable on purchases.
• Application Channels: Physical OPAs, AMC website/app, CAMS, NSE/BSE platforms, MF Utility, and MFCentral.
• NAV Calculation: Based on the market/fair value of investments and assets minus liabilities, divided by outstanding units.

About Jio BlackRock Mutual Fund

Jio BlackRock Mutual Fund is a joint venture between Reliance Industries and global asset management giant BlackRock. The fund house leverages BlackRock’s global indexing expertise and Reliance’s scale and reach in India to offer efficient passive investment solutions for Indian investors.

For more information or to invest, visit www.jioblackrockamc.com.

REF: https://portal.amfiindia.com/spages/14280.pdf

Disclaimer:  At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations