JioBlackRock AMC announced the launch of the JioBlackRock Balanced Advantage Fund on Tuesday, stating that its assets under management (AUM) have crossed Rs 22,000 crore, up from nearly Rs 16,000 crore in March.
Chief Investment Officer Rishi Kohli said the company was confident of crossing Rs 25,000-crore AUM in the 2026-27 fiscal. Its first year of operations was 2025-26.
“We are already Rs 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,” he told reporters here.
JioBlackRock Balanced Advantage Fund is an open-ended dynamic asset allocation scheme, with the New Fund Offer (NFO) opening on September 11 and closing on September 25.
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
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