Jio Blackrock has got permission from SEBI to launch four passive funds. Jio Blackrock is a joint venture, with Jio Financial and Blackrock holds a 50–50 per cent stake. It is the newest asset management company in the Indian Mutual Fund Market. Recently the company launched date funds. He received good response from investors. The growth of mutual funds markets in India has been faster. Investors are increasing interest in passive funds.
Jioblackrock Nifty Midcap 150 Index Fund
This will be an open -ended scheme. This Nifty will track Next 50 index. This will invest in the stocks included in this index. This scheme has exit load nil. However, the risk factor is high. During the NFO, a minimum of Rs 500 can be invested in this scheme. This scheme can also be invested through SIP.
It is also an open-ended scheme. This Nifty Smallcap will track 250 index. This will invest into the stocks included in this index. The risk factor of investment in this scheme is also very high. In this fund also, 500 can be invested during NFOs.
Jioblackrock Nifty Next 50 Index Fund
This scheme will invest in the shares included in the Nifty Next 50 index. It will track this Sachukank. This scheme can be invested from Rs 500 during NFO. It can also be invested from SIP. The minimum investment in SIP will also be Rs 500. This scheme also comes in the high risk category.
Jioblackrock Nifty 8-13 YR G-Sec index fund
This scheme has only the option of direct investment. It has exit load indigo. This scheme will invest in the bonds of Government of India. Investments in Bonds Funds are reduced at risk. This scheme has only the option of growth.
Passive funds mean a scheme that invests in shares or securities included in its selling index. The return of this scheme is close to the return of the benchmark. It has much less than the Exhes ratio active fund. The reason for this is that there is no fund manager in this scheme. Passive funds are small than active funds in India. However, it is growing rapidly.