JioBlackRock AMC eyes ₹25,000 crore AUM by FY27, launches balanced advantage fund — Here's all we know

The JioBlackRock Asset Management Company (AMC) has crossed ₹22,000 crore of assets under management (AUM), up from the close to ₹16,000 crore in March this year, the company announced today, PTI reported.

On the occasion, the AMC also announced it is launching an open-ended dynamic asset allocation scheme — the JioBlackRock Balanced Advantage Fund. The New Fund Offer (NFO) will open on 11 September and close on 25 September, this month, the report added.

JioBlackRock AMC ‘confident’ of crossing ₹25,000 crore AUM mark

In the official statement, JioBlackRock AMC's Chief Investment Officer (CIO) Rishi Kohli said the fund house was confident of crossing ₹25,000 crore AUM mark in FY27 (2026-27). The company's first year of operations was FY26 (2025-26).

“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,” PTI quoted him as saying.

The fund seeks to generate long-term capital appreciation by investing in a dynamically managed portfolio of equity and debt instruments. “We are aiming for an alpha of 3-4 per cent over the benchmark, assisted by proprietary BlackRock investment models and active fund management,” Kohli stated.

JioBlackRock Balanced Advantage Fund: What we know

An open-ended dynamic asset allocation scheme, the JioBlackRock Balanced Advantage Fund scheme will combine a dynamic asset allocation framework, systematic equity portfolio construction and a disciplined, fixed income strategy, and may use derivatives to manage market exposure and maintain equity-oriented taxation, the company said.

The NFO will run for two weeks — opening on 11 September (Friday) and closing on 25 September (Friday), it added.

According to Kohli, the fund seeks to “leverage diversified research inputs, systematic portfolio construction and risk management capabilities” to build a portfolio that can evolve with changing market conditions.

With the new balanced advantage fund, the AMC's product portfolio will expand to more than 20 funds from 17 by 2026-27, Kohli added.

JioBlackRock AMC: Future plans

“Two funds – a momentum index fund and a low volatility index fund – have already received regulatory clearance. The AMC has also received clearance for a Silver ETF but has held back on its launch given the current volatility in prices,” Kohli told reporters.

He added that the AMC is also planning an international product from a GIFT City- based company, an outbound dollar-denominated global equity offering.

The scheme's benchmark is the Nifty 50 Hybrid Composite Debt 50:50 Index, the report added.

(With inputs from PTI)