JioBlackRock Mutual Fund files draft document with Sebi for income plus arbitrage omni FoF

JioBlackRock Mutual Fund has submitted a draft document to Sebi for a new income plus arbitrage omnibus fund of funds (FoF) scheme. This open-ended scheme aims to invest in debt-oriented funds, both active and passive, as well as arbitrage funds to generate income. The fund's performance will be measured against a composite index consisting of 60% NIFTY Composite Debt Index and 40% Nifty 50 Arbitrage Index.

Managed by Anand Shah, Haresh Mehta, Siddharth Deb, and Arun Ramachandran, the scheme will offer two plans: a regular plan and a direct plan, both with a growth investment option. Investors can make lumpsum investments starting from Rs 500 and monthly SIPs with a minimum of Rs 500, in multiples of Re 1, with a minimum of six installments.

The fund intends to invest 95-100% in debt-oriented schemes managed by JioBlackRock Mutual Fund or other funds with similar objectives, strategies, and asset allocation, as well as units of arbitrage schemes from JioBlackRock Mutual Fund or other arbitrage funds, as the fund manager deems appropriate. Additionally, up to 5% of the fund's investments will be allocated to debt and money market instruments.

JioBlackRock Income Plus Arbitrage Omni FOF is suited for investors seeking income in the short to medium term who wish to invest in units of active/passive debt-oriented funds and arbitrage funds. The principal invested in the fund carries a moderate risk, while the principal invested in the benchmark is considered low to moderate risk.