JioBlackRock Mutual Fund is set to launch its first active equity fund – a flexi-cap fund. The JioBlackRock Flexi Cap Fund will open for subscription on September 23 and close on October 7.
The JioBlackRock Flexi Cap Fund is an open-ended, dynamic equity scheme investing across large-cap, mid-cap, and small-cap stocks. The investment objective of the scheme is to generate long-term capital appreciation by investing in equity and equity-related instruments across market capitalisations.
The fund will be benchmarked against the Nifty 500 Index (TRI) and will be managed by Tanvi Kacheria and Sahil Chaudhary.
The fund house posted on the social media platform X about the launch of its flexi-cap fund. It stated that the fund is India’s first active equity fund powered by Systematic Active Equity (SAE). Systematic Active Equity is BlackRock’s proprietary investment approach that translates signals into actionable investment opportunities, where AI meets human expertise, and traditional and alternative data are combined to uncover smarter investment ideas.
The fund house further emphasised that this isn’t just another flexi-cap fund, but a new way to invest – intelligent, agile, and built for scale.
What is a Systematic Active Equity approach?
The scheme will follow an active investment strategy that adopts a systematic approach to stock selection and portfolio construction. This approach allows fund managers 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 in stocks of issuers according to their track record on governance, debt servicing, regulatory compliance, market perceptions, and other relevant parameters.
The systematic approach involves utilising inputs from the fund managers and signal research scores provided by BlackRock Inc. These signal research scores are derived using big data, including both traditional and alternative data, and leverage machine learning, a form of artificial intelligence, and advanced data analytics, which are continuously improved. Signals are selected based on their economic rationale and demonstrated statistical relevance.
JioBlackRock Flexi Cap Fund exit load, minimum application amount
The scheme will offer only a direct plan with a growth option. The exit load is nil. The minimum application amount for lumpsum investments or switch-ins is Rs 500, with any amount thereafter. For SIPs, the minimum application amount is Rs 500 and in multiples of Re 1 thereafter, with a minimum of 6 instalments.
This flexi-cap fund from JioBlackRock Mutual Fund will allocate 65–100% to equity and equity-related instruments across large-cap, mid-cap, and small-cap companies, 0–35% to debt and money market instruments, and 0–10% to units of REITs and InvITs.