As the US tariff tension pushes bears in the equity market, Rishi Kohli, Chief Investment Officer of JioBackRock Mutual Fund, said on Friday that the Indian market is expected to enter a stable upward trajectory from next year onwards.
“The volatility in the equity market may continue over the next couple of quarters, but I believe stability in the scenario would happen from March onwards,” Kohli said here. Further, the outlook is shaped by fundamental, macro and cyclical factors. It is noted that while recent earnings trends have been uneven across sectors, conditions are expected to begin stabilising in the coming months.
JioBlackRock positions as challenger in mutual fund space
The fund house, a 50:50 joint venture between Jio Financial Services and global asset management giant BlackRock, is positioning itself as a challenger brand in India’s crowded mutual fund industry, which already has more than 40 players.
New Flexi Cap Fund launched, tracking NSE 500
As part of its expansion, JioBlackRock has launched the Flexi Cap Fund, benchmarked against the NSE 500 index. The new fund — JioBlackRock Flexi Cap Fund — is powered by BlackRock’s Systematic Active Equities (SAE) approach. According to Kohli, a bulk of the portfolio will be invested in large-cap stocks because of the benchmark it is tracking.
A key differentiator, according to the AMC, is the integration of BlackRock’s four-decade-old Systematic Active Equities platform, which blends big data, analytics, and human oversight to enhance portfolio construction. “The Flexi Cap Fund is our first active equity offering that leverages BlackRock’s proprietary Systematic Active Equity approach. This reflects our commitment to offering investors a dynamic, differentiated and potentially low-cost investment solution,” he said.
BlackRock’s SAE platform powers portfolio strategy
According to him, backed by SAE, the fund aims to deliver long-term value through a disciplined investment process within a controlled risk framework across market cycles. The new fund is being offered at a total expense ratio of 0.50 per cent, among the lowest in its category. The new fund offer (NFO) is open until October 7.