JioBlackRock MF files draft documents with SEBI for JioBlackRock Flexi Cap Fund 

Jio BlackRock Asset Management Company (AMC) has filed a draft with the Securities and Exchange Board of India (SEBI) to launch its first active mutual fund — the Jio BlackRock Flexi Cap Fund. Once approved, it will become the 41st flexi-cap scheme in India’s mutual fund space, a category currently led by the likes of Parag Parikh Flexi Cap Fund and HDFC Flexi Cap Fund, which together manage assets worth over Rs 1.9 lakh crore.

After debuting with five passive index funds, this marks Jio BlackRock AMC's entry into active fund management. The proposed fund is a flexi-cap scheme, designed to invest across large-cap, mid-cap, and small-cap stocks within the Nifty 500 universe. It will aim to generate long-term capital appreciation by leveraging the flexibility to shift between different market capitalisations.

The fund’s portfolio construction will be supported by Aladdin, BlackRock’s advanced portfolio management technology platform, licensed to Jio BlackRock AMC. It will also utilize systematic stock selection through inputs from fund managers and signal research scores—derived from big data, machine learning, and AI-based analytics—developed by BlackRock Inc. These signals will be consolidated into a composite research score used in the investment process.

Despite the use of advanced technology, final investment decisions will rest with the fund managers, Tanvi Kacheria and Sahil Chaudhary.

As per the draft filed with SEBI, the asset allocation of the fund will be:

Equity & Equity-related instruments: 65% to 100%

Debt & Money Market instruments: Up to 35%

Units of REITs & InvITs: Up to 10%

The fund will not invest in overseas securities.

The scheme will launch with only a direct plan and growth option, although additional plans and options may be introduced later. Notably, there will be no exit load. During the New Fund Offer (NFO), investors can apply with a minimum of Rs 500, and start a Systematic Investment Plan (SIP) with the same amount, in multiples of Re.1 thereafter.

The fund will be benchmarked against the Nifty 500 Index TRI, and the NFO dates will be announced after SEBI approval.

This move follows the successful launch of the Capitalmind Flexi Cap Fund and marks a significant step in Jio BlackRock AMC’s push toward active, technology-integrated investment offerings.

Flexi cap funds in 2025

A significant number of flexi-cap mutual fund schemes have struggled to outperform their benchmark indices over the past year, even though many posted positive returns.

According to data from the Association of Mutual Funds in India (AMFI) as of August 4, 2025, 26 out of 39 flexi-cap funds delivered positive returns over the one-year period, despite their respective benchmarks showing negative returns.

However, beating the benchmark remained a challenge for many schemes in a market environment affected by geopolitical tensions and trade tariff headwinds.

Among the top performers over the past year, the direct plans of Motilal Oswal Flexi Cap Fund and Invesco India Flexi Cap Fund stood out, securing the first and second spots, respectively. Motilal Oswal's direct plan posted a 10.05% return, while Invesco India's returned 9.16% during the same period.

Parag Parikh Flexi Cap Fund followed in third place, with its direct plan delivering an 8.51% return over the year.

Rounding out the top six were the direct plans of HDFC Flexi Cap Fund with a 6.88% return, WhiteOak Capital Flexi Cap Fund with 6.46%, and Axis Flexi Cap Fund, which returned 5.16%.

Despite market volatility, only six flexi-cap funds managed to generate returns exceeding 5% in the last 12 months—highlighting the challenges faced by fund managers in navigating uncertain macroeconomic conditions while maintaining consistent outperformance.