JioBlackRock Mutual Fund has filed the draft Scheme Information Document (SID) for the JioBlackRock Nifty 50 ETF, an open-ended Exchange Traded Fund (ETF) that will track the Nifty 50 Index.
The filing contains details on the investment objective, portfolio allocation, subscription process, risk factors, and operational framework. The New Fund Offer (NFO) dates and listing schedule are yet to be announced.
The scheme will follow a passive investment strategy by investing 95% to 100% of its assets in equity and equity-related securities that are part of the Nifty 50 Index.
Up to 5% of the portfolio may be invested in debt and money market instruments to meet liquidity requirements.
The benchmark for the scheme will be the Nifty 50 Total Return Index (TRI). The draft states that while the fund aims to mirror the index, there is no assurance that the investment objective will be achieved.
The minimum application amount during the NFO has been fixed at ₹500, with investments thereafter allowed in multiples of ₹1. Once listed, investors can buy or sell units through the NSE and BSE in lots of one unit.
The scheme will not charge an exit load, while transaction charges will also not apply. Stamp duty will be levied as per applicable regulations.
The creation unit size has been set at 2,40,000 units. Market makers and authorised participants can transact directly with the fund, while direct transactions by large investors will generally require a minimum transaction value of ₹25 crore.
Under certain conditions, including prolonged discounts to NAV or lack of exchange liquidity, investors may redeem ETF units directly with the fund house without an exit load.
The scheme proposes to keep annualised tracking error below 2% under normal market conditions. Equity derivatives may be used for portfolio rebalancing or index changes, with exposure limited to 20% of net assets.
The ETF will not invest in overseas securities, credit default swaps, securitised debt, short selling, infrastructure investment trusts or unlisted debt instruments. Portfolio rebalancing following changes in the Nifty 50 Index is proposed within seven calendar days.
The scheme will be managed by Tanvi Kacheria, Anand Shah and Haresh Mehta, who have 14, 23, and 18 years of experience, respectively. The total expense ratio has not been disclosed as the scheme has yet to be launched.
Read More: Best Performing Mutual Funds from SBI Mutual Fund in Last 3 Years with Up to 33% Returns!
The draft filing sets out the proposed structure and operating guidelines for the JioBlackRock Nifty 50 ETF. The scheme will be launched after regulatory approvals and the announcement of the New Fund Offer schedule.
For daily market updates and regular stock market news in Hindi, stay tuned to Angel One's share market news in Hindi.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Mutual Fund Investments are subject to market risks, read all the related documents carefully before investing.
Published on: Jul 15, 2026, 4:45 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
