JioBlackRock Mutual Fund on Tuesday launched its first exchange-traded fund (ETF), the JioBlackRock Nifty 50 ETF, marking another milestone in its efforts to make investing simpler, more accessible and affordable.
The new fund offer (NFO) is open for subscription and will close on August 11.
The launch also marks JioBlackRock's entry into India's fast-growing ETF market, reinforcing its commitment to offering a broader range of investment solutions, the fund house said.
The ETF aims to track the Nifty50 Index, giving investors exposure to India's 50 largest listed companies through a single investment. As of March 30, 2026, the index represented nearly 53.7% of the country's total market capitalisation, making it a key benchmark for India's equity markets.
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"The JioBlackRock Nifty 50 ETF is built around a simple objective—to make it easier for investors to participate in the long-term growth story of India's leading companies. For many investors, a broad-market index can serve as the foundation of a portfolio by offering diversification, transparency and simplicity through a single investment," said Sid Swaminathan, Managing Director and CEO of JioBlackRock Asset Management.
"This launch combines BlackRock's global leadership in ETFs and index investing with Jio's digital capabilities and deep understanding of Indian consumers. Together, we aim to make world-class investing more accessible and help more investors build long-term wealth with confidence," he added.
The passive fund will invest in equity and equity-related securities that replicate the composition of the Nifty 50 Index, subject to tracking error.
Its performance will be benchmarked against the Nifty 50 Total Returns Index (TRI) and the scheme will be managed by Tanvi Kacheria, Anand Shah and Haresh Mehta.
The minimum lump sum investment is Rs 500, and thereafter in multiples of Re 1. Units will be allotted only in whole numbers, with any amount corresponding to fractional units refunded to investors.
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The scheme will invest 95-100% of its assets in equity and equity-related securities of companies comprising the Nifty 50 Index, while 0-5% will be allocated to debt and money market instruments, including units of mutual funds.
According to the scheme's riskometer, the principal invested in the fund will be subject to very high risk.
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