JioBlackRock Files SEBI Draft for New Gold ETF NFO at ₹10
By ThePip Desk
JioBlackRock Mutual Fund files an offer document with SEBI to launch its new Gold ETF. Check NFO price, minimum investment, and details.
JioBlackRock Mutual Fund has officially filed an offer document with the Securities and Exchange Board of India to launch an open-ended scheme named JioBlackRock Gold ETF. The new fund filing marks another step for the asset management company in expanding its product suite for market participants.
Key NFO Parameters And Figures
Market participants tracking the upcoming fund launch will find specific financial parameters detailed in the regulatory filing submitted to regulators.
- New Fund Offer price: Rs 10
- Minimum Target Amount: Rs 5 crore
- Minimum application amount: Rs 500
- Additional application multiples: Re 1 thereafter
Structure And Benchmark Details
The newly proposed scheme carries an entry load and exit load set at nil for investors entering or exiting the fund. The investment structure does not offer any distinct plans or options for investment deployment.
Objective And Benchmark
The stated investment objective of the scheme aims to generate returns that correspond closely with the performance of physical gold in domestic prices, subject to tracking errors. Performance metrics for the fund will be benchmarked directly against the Domestic Price of Gold.