JioBlackRock's New Flexi Cap Fund: A Game Changer in Indian Markets

JioBlackRock Mutual Fund, a partnership between Jio Financial Services and BlackRock, anticipates market volatility but expects stability by March. The company has launched a Flexi Cap Fund employing BlackRock's Systematic Active Equities approach, primarily investing in large-cap stocks. The fund aims to offer dynamic and low-cost investment solutions.

The Indian markets are projected to face ongoing volatility over the forthcoming quarters before settling into a more stable upward trajectory from March onwards, according to Rishi Kohli, Chief Investment Officer at JioBlackRock Mutual Fund.

Kohli indicated that the market outlook is influenced by fundamental, macro, and cyclical factors. While recent earnings trends show inconsistency across various sectors, a stabilization is expected in the coming months.

The fund house, a joint venture between Jio Financial Services and global giant BlackRock, aims to distinguish itself in India's crowded mutual fund market by launching the Flexi Cap Fund, benchmarked against the NSE 500 index. The fund leverages BlackRock's Systematic Active Equities approach to offer a potentially low-cost investment solution. The new fund offering is open until October 7.

(With inputs from agencies.)