JioBlackRock launches 5 index funds: Should you invest
JioBlackRock Mutual Fund, a team-up between Jio Financial Services and BlackRock, just launched five passive index funds in India—including options tracking the Nifty 50 and Nifty Midcap 150.
Subscriptions are open till August 12, 2023.
The big idea? You get to invest in the market at lower costs, skipping the high fees of active fund managers.
Things to consider before investing
Before jumping in, experts say to check expense ratios and tracking errors so you know what you're paying for.
While BlackRock's global rep is solid, this is their first run in India—so it's smart to keep an eye on how things play out locally.
If you're new or prefer playing it safe during market ups and downs, large-cap index funds like Nifty 50 could be a steadier pick.
And if you want to manage risk, starting with SIPs (Systematic Investment Plans) can help you ease in while watching how these new funds perform.