JioBlackRock Asset Management has announced the launch of the JioBlackRock Balanced Advantage Fund, an open-ended dynamic asset allocation scheme that will invest across equity and debt instruments. According to reports from The Hindu BusinessLine, the New Fund Offer (NFO) will open on September 11, 2026 and close on September 25, 2026. The scheme aims to generate long-term capital appreciation along with income by dynamically managing its allocation between equity and debt. As per the latest fund data, the JioBlackRock Balanced Advantage Fund - Direct Plan was officially launched on October 1, 2026, with the fund house managing it through a team of experienced fund managers including Vikrant Mehta, Siddharth Deb, Tanvi Kacheria, and Sahil Chaudhary. Chief Investment Officer Rishi Kohli announced that the company's assets under management have crossed ₹22,000 crore, up from nearly ₹16,000 crore in March, with confidence of crossing ₹25,000 crore AUM in the 2026-27 fiscal. The company's first year of operations was 2025-26. Kohli stated that "We are already ₹22,000 crore, as traction remains healthy. We have a lot of products in the pipeline, and the second-half of this year will be more exciting in terms of more launches."
Leveraging the Jio brand and Jio Financial Services' wide network, JioBlackRock Asset Management is targeting a faster break-even compared to the industry average of three to five years. As reported by The Hindu BusinessLine, Rishi Kohli, Chief Investment Officer, explained that "For the first six to nine months, we were focused on digital, which was largely because the Jio ecosystem was there. Between the JFS app and MyJio app, around 40 per cent of India's population is covered. Which is a huge reach." The company's distribution strategy has been 10 percent higher than the industry average for B30 cities (beyond the top 30 cities) at around 37-40 percent, compared to the industry average of 28 percent. Kohli noted that "This is because of the Jio reach and brand name recognition." The brand acceptance has been high due to the Jio ecosystem's reach and the global recognition of BlackRock in the equity market, with 95 percent of distributors aware of the BlackRock brand. The company currently manages 16 funds and has launched 17 funds in only 13-14 months of operations, with plans to maintain one fund launch per month for the next 12-18 months.
The fund will use multiple market indicators to adjust its asset allocation and follow a systematic approach to equity portfolio construction along with a fixed-income investment strategy. As reported by Mint, Kohli stated the company is aiming for an alpha of 3-4 per cent over the benchmark, assisted by proprietary BlackRock investment models and active fund management. The scheme may use derivatives, subject to applicable regulations and the scheme's offer document. The fund will be benchmarked against the Nifty 50 Hybrid Composite Debt 50:50 Index (TRI) and will be available under both Direct and Regular plans with a Growth option. According to the latest fund details, the scheme seeks to generate long-term capital appreciation with income generation by investing in a dynamically managed portfolio of equity and debt instruments, leveraging diversified research inputs, systematic portfolio construction and risk management capabilities.
With the new balanced advantage fund launch, JioBlackRock's product portfolio will expand to more than 20 funds from 17 by 2026-27, as announced by Kohli. Two funds – a momentum index fund and a low volatility index fund – have already received regulatory clearance, he said. The AMC has also received clearance for a Silver ETF, but has held back on its launch given the current volatility in prices. The company is also planning an international product from a GIFT City-based company, an outbound dollar-denominated global equity offering. Investors will be able to make lump-sum investments and use facilities such as systematic investment plans (SIPs), systematic transfer plans (STPs) and systematic withdrawal plans (SWPs). The scheme will be managed with the objective of adjusting equity and debt exposure according to changing market conditions.
As with other mutual fund schemes, there is no assurance that the investment objective will be achieved, as noted in the fund house's announcement. The scheme represents JioBlackRock's entry into the hybrid fund category, offering investors a dynamic approach to asset allocation across both equity and debt markets. According to SEBI's latest guidelines, investment in the JioBlackRock Balanced Advantage Fund - Direct Plan comes under Very High risk category. The fund will be taxed as per the new taxation structure for hybrid funds, with gains from equity investments taxed at 15% short-term capital gains tax if units are redeemed within 1 year, and 10% long-term capital gains tax for units held over 1 year. For debt investments, gains are taxed at 20% post-indexation benefits for units held after 3 years of investment.
