JioBlackRock Advantage World Equity Fund
Jio BlackRock International AMC (IFSC) Pvt. Ltd. · IFSCA Reg. No. FDM2026FMR1047
Who can invest: Resident Indians, NRIs and foreign investors
This is an outbound fund: it invests outside India. Resident individuals invest through the Liberalised Remittance Scheme (LRS), within its yearly limit.
- Resident individuals (LRS)
- Indian companies, LLPs, trusts & family offices (OPI)
- NRIs
- Foreign investors & institutions
About the fund
JioBlackRock Advantage World Equity Fund (IFSC) — an open-ended fund of funds based in GIFT City that invests in a global developed-market equity fund. It is one of the first GIFT City funds set up as a retail scheme aimed at resident Indians.
Unit classes, minimums and costs
| Class | For | Min initial | Min top-up | Expense ratio | Incl. underlying (max) |
|---|---|---|---|---|---|
| Direct | All eligible investors | USD 5,000 | USD 1,000 | 0.90% | - |
| Regular | All eligible investors | USD 5,000 | USD 1,000 | 1.40% | - |
Expense ratios as stated by the fund house; they can change. "Incl. underlying" adds the costs of the fund(s) this scheme invests in.
Where the fund invests
| Investment | Details | Allocation |
|---|---|---|
| Units of the BlackRock Advantage World Equity Fund (‘Master Fund’) | Managed by BlackRock · Portfolio managers: Kevin Franklin, Richard Mathieson · Luxembourg and Ireland · AUM USD 923 M | 90% - 100% |
Tax
Tax paid by the fund (investor gets post-tax NAV)
- Short-term: Applicable if the investor redeems units within 24 months
- Long-term: Applicable if the investor redeems units after 24 months
Tax rules change and depend on your situation. Please check with your tax adviser.
Fund facts
| Fund house | Jio BlackRock International AMC (IFSC) Pvt. Ltd. |
| Part of | Jio BlackRock |
| IFSCA Reg. No. | FDM2026FMR1047 |
| Fund type | Outbound: invests outside India |
| Structure | Fund of Fund |
| Asset class | Equity |
| Invests in | Global Equity |
| Tenure | Open-ended |
| Currency | USD |
| Benchmark | MSCI World Index |
| Fund manager (GIFT City) | Keyur Charola |
Service providers
| Trustee | Axis Trustee Services Limited |
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