Upcoming NFO: JioBlackRock Mutual Fund Files for JioBlackRock Gold ETF

JioBlackRock Mutual Fund has set out details of the JioBlackRock Gold ETF. The proposed product is an open-ended Gold ETF is to replicate or track the domestic price of gold.  

Its benchmark is the Domestic Price of Gold, while the investment objective is to generate returns in line with physical gold prices, subject to tracking error.  

Gold-Focused Portfolio 

Under normal conditions, 95% to 100% of the scheme’s assets may be invested in gold and gold-related instruments. Debt and money market instruments can account for 0% to 5%.  

The document states that physical gold held by the scheme would consist of standard bars with 99.5% purity, meeting London Bullion Market Association Good Delivery Standards.  

Investment And Trading Details 

The minimum NFO application is ₹500, in multiples of ₹1. Units are proposed to be listed on NSE and BSE, where investors can buy or sell them in lots of one unit and multiples thereof.  

The creation unit size is 12,00,000 units, with the value linked to 1 kilogram of physical gold or multiples thereof. 

Liquidity and Market Makers 

The AMC plans to appoint at least two market makers to provide two-way buy and sell quotes in the secondary market. Large investors can directly purchase or redeem units from the fund in creation-unit sizes, subject to transactions above ₹25 crore.  

The scheme has no exit load at present.  

Fund Management and Charges 

The scheme lists Tanvi Kacheria and Haresh Mehta as fund managers, with 14 years and 18 years of total experience, respectively.  

As a new scheme, annual recurring expenses and tracking error are not yet available. The document says the tracking error is expected not to exceed 2% under normal circumstances.  

Read More: Upcoming NFOs: 3 Mutual Fund Schemes Open from October 5, 2026! 

Conclusion 

The draft outlines a gold-focused ETF with most assets linked to gold and proposed trading on NSE and BSE Indian exchanges. The NFO dates remain unspecified in the document. 

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.