JioBlackRock Launches Five Index Funds in India, Targets Passive Investment Market

JioBlackRock, the joint venture between Reliance’s Jio Financial Services and global asset manager BlackRock, has officially launched five new index funds under a New Fund Offer (NFO) starting August 5, 2025. The subscription window will remain open until August 12. This marks the firm’s first foray into equity-based passive funds, following the success of its initial debt offering in July.

The newly launched funds are designed to replicate the performance of well-known indices. These include the Nifty 50, Nifty Next 50, Nifty Midcap 150, Nifty Smallcap 250, and the Nifty 8–13 Year G-Sec Index. Four funds cater to equity investors across different market capitalizations, while the fifth targets fixed-income investors through long-duration government bonds.

The schemes will invest 95–100% of their assets in index constituents, with up to 5% in debt or money market instruments. With a low minimum investment threshold of ₹500 and SIP options available, the funds are aimed at increasing accessibility for retail investors. They are available for subscription via the JioFinance app and major investment platforms such as Groww, Zerodha, Paytm, and INDmoney.

JioBlackRock’s strategy is focused on direct-to-investor engagement, excluding third-party distributors and offering only direct plans, which typically carry lower expense ratios. This cost-efficient approach seeks to attract young, digitally savvy investors looking for diversified, long-term wealth creation.

While the JV brings global expertise and robust digital infrastructure, analysts advise monitoring fund performance metrics like tracking error and expense ratios before investing.