JioBlackRock to offer regular mutual funds in India with commissions
JioBlackRock, the team-up between Jio Financial Services and BlackRock, said it will offer regular mutual fund plans in India.
These are available through distributors and come with built-in commissions, so you might pay a bit more, but you also get professional advice to help you invest smarter.
JioBlackRock launches Prism funds, ₹18,000cr AUM
If you like managing your own money (and saving on fees), direct plans have lower costs.
Regular plans cost a little extra but are great if you want expert guidance, especially if you're new to investing.
Even small fee differences can add up over time!
Looking ahead, JioBlackRock is planning more products, like specialized funds, ETFs, and offshore options via GIFT City.
They've already launched the Prism Hybrid Long-Short fund and the Prism SI fund (aiming for 9-11% yearly returns), and a Nifty 50 ETF, racking up ₹180 billion in assets so far.