JioBlackRock Large Cap Fund: Scheme Details and Key Features

JioBlackRock Mutual Fund has received approval from the Securities and Exchange Board of India (SEBI) to launch a new equity scheme: the JioBlackRock Large Cap Fund.

This is an open-ended equity scheme that will primarily invest in large-cap stocks. The primary objective of the fund is to generate long-term capital appreciation by investing in the top 100 companies in India by market capitalisation.

Here is a comprehensive breakdown of the scheme’s structure, asset allocation, and taxation details.

Key Scheme Details

• Scheme Name: JioBlackRock Large Cap Fund
• Benchmark: BSE 100 Index (TRI)
• Fund Managers: Ms. Tanvi Kacheria and Mr. Sahil Chaudhary
• Plan & Options: The scheme will offer only the Direct Plan and only the Growth Option.

The fund house is focusing on a direct-only model. This means investors will invest directly with the AMC rather than through distributors who charge a commission.

Asset Allocation: Where Will the Money be Invested?

The fund focuses on stability by investing the majority of its assets in India's largest companies. According to the scheme documents, the asset allocation will be as follows:

What are Large Cap Companies?
As per SEBI regulations, "Large Cap" companies are defined as the 1st to 100th company in terms of full market capitalisation. These are typically well-established businesses with a track record of stability.

Investment Strategy and Restrictions

The fund follows an Active Investment Strategy. This means the fund managers will actively select stocks and construct the portfolio using a systematic approach. This allows them to respond to changing market conditions rather than simply mimicking an index.

To manage risk, the scheme adheres to specific investment restrictions:

• Single Stock Limit: The fund cannot own more than 10% of any single company's paid-up capital carrying voting rights.
• Debt Instruments: The scheme generally cannot invest more than 10% of its Net Asset Value (NAV) in debt instruments issued by a single issuer.
• Derivatives: The fund is permitted to use derivatives (like futures and options) for hedging and portfolio balancing, subject to strict limits (e.g., position limits of ₹500 crore or 15% of open interest, whichever is higher).

Taxation Structure

Since this is an equity-oriented scheme, it follows the taxation rules applicable to equity mutual funds.

• Short Term Capital Gains (STCG):
  If you sell your units within 12 months of purchase, the gains are taxed at 20% (plus applicable surcharge and cess).
• Long Term Capital Gains (LTCG):
  If you sell your units after holding them for more than 12 months, the gains are taxed at 12.5% (plus applicable surcharge and cess).
  • Note: Long-term capital gains up to ₹1.25 Lakhs in a financial year are exempt from tax.
• Securities Transaction Tax (STT): STT is applicable on the redemption of units.

About the Fund House

JioBlackRock Asset Management has seen steady growth since its inception. In January 2026, the AMC announced that its investor base had crossed 10 lakh.

Data indicate a strong interest from smaller cities, with 40% of its retail investors coming from B-30 (Beyond Top 30) cities, which is higher than the industry average of 28%. Notably, 18% of their total user base consists of first-time investors.

Conclusion

The JioBlackRock Large Cap Fund is designed for investors seeking exposure to India's largest companies with a long-term investment horizon. By offering a Direct-only plan with a low minimum investment of ₹500, the fund aims to be accessible to a wide range of investors.

Disclaimer: The content is meant for education and general information purposes only.  Past performance is not indicative of future returns. Mutual Funds are non-exchange traded products, and INDstocks is merely acting as a mutual fund distributor. All disputes with respect to distribution activity, would not have access to the exchange investor redressal forum or arbitration mechanism. Mutual Fund investments are subject to market risks, read all scheme related documents carefully before investing. INDstocks Private Limited (formerly known as INDmoney Private Limited) 616, Level 6, Suncity Success Tower, Sector 65, Gurugram, 122005, SEBI Stock Broking Registration No: INZ000305337, Trading and Clearing Member of NSE (90267, M70042) and BSE, BSE StarMF (6779), AMFI Registration No: ARN-254564, SEBI Depository Participant Reg. No. IN-DP-690-2022, Depository Participant ID: CDSL 12095500, Research Analyst Registration No. INH000018948 BSE RA Enlistment No. 6428.