In a significant move aimed at reshaping India’s passive investment landscape, JioBlackRock Asset Management has launched its first suite of five index funds. The New Fund Offering (NFO) runs from August 5 to 12, 2025, and marks the official entry of the 50:50 joint venture between Jio Financial Services and global investment powerhouse BlackRock into India’s mutual fund space. Notably, this marks BlackRock’s return to India after its earlier exit in 2018.
The newly launched index funds are designed to cater to a wide range of investment goals, with a minimum investment threshold of just ₹500—making them highly accessible to the average Indian investor. Each fund is tailored to track specific segments of the market, offering diversified, low-cost exposure.
Among the offerings is the JioBlackRock Nifty 50 Index Fund, which tracks India’s top 50 blue-chip companies. The Nifty Next 50 Index Fund targets the next rung of large-cap firms poised for growth, while the Nifty Midcap 150 Index Fund focuses on mid-sized businesses. For those looking at high-growth potential, the Nifty Smallcap 250 Index Fund taps into emerging companies across various sectors. Completing the suite is the Nifty 8–13 Year G-Sec Index Fund, which invests in government securities to provide portfolio stability.
Sid Swaminathan, MD and CEO of JioBlackRock Asset Management, emphasized that the NFO is a call to investors to experience a modern, digital-first approach backed by BlackRock’s decades of index fund expertise.
The funds are available via the JioFinance app and all major investment platforms such as Groww, Zerodha, Paytm Money, INDmoney, Dhan, and Kuvera. All schemes come with zero exit loads and low expense ratios ranging from 0.10% to 0.15%.
This launch follows the successful ₹17,800 crore raised by JioBlackRock’s initial debt mutual fund schemes. As passive investing continues to gain momentum in India—currently occupying just 20% of the mutual fund market compared to nearly 50% in the West—JioBlackRock’s entry is expected to significantly boost accessibility and awareness.
The company is also investing in investor education programs to guide both first-time and seasoned investors on the advantages and strategies of index-based investing.
