JioBlackRock Mutual Fund receives Sebi’s nod to launch largecap fund

Synopsis JioBlackRock Mutual Fund has received approval from Sebi to launch its new largecap fund. The JioBlackRock Large Cap Fund will invest primarily in largecap stocks. This open-ended equity scheme aims for long-term capital appreciation. Investors can start with a minimum lump sum of Rs 500 or a monthly SIP of Rs 500. JioBlackRock Mutual Fund receives Sebi approval to launch a largecap fund - JioBlackRock Large Cap Fund, an open-ended equity scheme predominantly investing in largecap stocks. The investment objective of the scheme will be to generate long-term capital appreciation by predominantly investing in equity and equity-related instruments of large-cap companies. Also Read | Silver, gold ETFs jump up to 3% as tariff, geopolitical worries resurface. What should investors do? The performance of this largecap fund will be benchmarked against the BSE 100 Index (TRI) and will be managed by Tanvi Kacheria and Sahil Chaudhary. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » The scheme shall offer only a direct plan and further shall offer only a growth option. The minimum application amount for lumpsum investment will be Rs 500 and any amount thereafter. For a monthly SIP, the minimum investment amount will be Rs 500 and in multiples of Re 1 thereafter, with a minimum of six installments. JioBlackRock Large Cap Fund will allocate 80-100% in equity and equity-related instruments of largecap companies, 0-20% in equity and equity-related instruments of other than largecap companies, 0-20% in debt and money market instruments, and 0-10% in units issued by InvITs. Live Events Investment strategy The scheme shall follow an active investment strategy that adopts a systematic approach to stock selection and portfolio construction. The approach allows the fund manager to respond proactively to changing market conditions and emerging opportunities. The investible universe of the scheme is defined by the fund managers based on inputs from the investment team to limit investments into stocks of issuers based on a comprehensive evaluation of their track record pertaining to governance, debt servicing, regulatory compliance or market perceptions and such other pertinent parameters. The systematic investment approach integrates the expertise of the Fund Managers with advanced signal research scores provided by entities of the BlackRock group. These signal research scores are derived using big data (which includes traditional data and alternative data), and leverage machine learning, a form of artificial intelligence and advanced data analytics, which are constantly being improved. Signals are selected based on their economic rationale and demonstrated statistical relevance. Also Read | Tech mutual funds emerge worst performers across horizons. Should investors buy more or stay invested? The fund will be suitable for investors who are seeking long-term capital appreciation and want investment predominantly in equity and equity-related instruments of largecap companies. The principal invested in the fund will be at “very high risk” according to the riskometer of the scheme. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in alongwith your age, risk profile, and Twitter handle. (Catch all the Mutual Fund News, Breaking News, Budget 2024 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online. ...moreless (Catch all the Mutual Fund News, Breaking News, Budget 2024 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online. ...moreless India seeks self-reliance in containers; but has The Great Wall to climb Jyoti Structures bankruptcy shows how revival can drag for nearly a decade How IndiGo-Air India duopoly is causing turbulence at MakeMyTrip, peers India’s post-pandemic K-shaped recovery is flattening. Here’s why Stock Radar: Aster DM Healthcare stock recovers from lows; reclaims crucial moving averages – time to buy? Buy, Sell or Hold: Motilal Oswal remains neutral on IDFC First Bank; Morgan Stanley maintains underweight on Urban Company 1 2 3