Jio BlackRock International AMC (IFSC) Private Limited has opened the New Fund Offer (NFO) of the JioBlackRock Advantage World Equity Fund (IFSC), a GIFT City fund that invests in BlackRock's global developed-market equity strategy. Announcing the launch on 26 October 2026, JioBlackRock GIFT City wrote: “The NFO of the JioBlackRock Advantage World Equity Fund (IFSC) opens today!”
An open-ended Fund of Fund Retail Scheme investing in the BlackRock Advantage World Equity Fund under the IFSCA Fund Management Regulations.
In its announcement, JioBlackRock GIFT City describes the fund as a way to “explore global developed-market equities through a diversified portfolio, combining BlackRock’s systematic investing approach with human expertise and Aladdin technology.”
NFO at a glance
- NFO opened: 26 October 2026 (announced by JioBlackRock GIFT City)
- Scheme type: An open-ended fund of fund Retail Scheme investing in BlackRock Advantage World Equity Fund under the IFSCA FM Regulations
- Underlying fund: BlackRock Advantage World Equity Fund, a sub-fund of BlackRock Funds I ICAV (Ireland Domiciled UCITS Fund)
- Plans: Direct Plan and Regular Plan
- Initial offer price: USD 100 per Unit
- Minimum initial investment: USD 5,000
- Minimum additional investment: USD 1,000
- Exit load: Nil
- Maximum Total Expense Ratio (including Master Fund costs): Direct Plan up to 1.25% p.a.; Regular Plan up to 1.75% p.a.
- Benchmark: The Scheme does not adopt a specific benchmark; the Master Fund uses the MSCI World Index as its reference benchmark
- Fund manager: Keyur Charola
- Fund Management Entity (FME): Jio BlackRock International AMC (IFSC) Private Limited, IFSCA Registration No. FDM2026FMR1047
- Trustee: Axis Trustee Services Limited (GIFT City Branch)
- Global custodian: The Hongkong and Shanghai Banking Corporation Limited, IFSC Banking Unit, GIFT City Branch
Sources: Offer Document (September 2026), JioBlackRock GIFT City website and LinkedIn announcement.
How long is the NFO open?
No closing date is mentioned in the LinkedIn announcement, on the fund's website or in the Offer Document. The Offer Document defines the Initial Offer Period as follows:
The initial offer period of the Scheme shall not go beyond 12 (twelve) months from the date of receipt of acknowledgment/authorization from IFSCA taking the Offer Document on record or on receipt of a minimum Corpus of at least USD 1,000,000 (United States Dollar One Million), whichever is earlier.
The FME at its discretion may extend the Initial Offer Period, in accordance with the IFSCA FM Regulations. During the Initial Offer Period, the Investor shall be issued Units at the initial offer price of USD 100 (United States Dollars Hundred) per Unit. After the expiry of the Initial Offer Period, Investors shall be issued Units at the applicable Long term post-Tax NAV.
Investment objective
The Scheme seeks to generate returns and long-term capital appreciation by investing in the units of BlackRock Advantage World Equity Fund (“Master Fund”) which is an equity fund that as of the date hereof invests in the equity and equity-related instruments of companies domiciled in, listed in, or the main business of which is in global developed markets. There is no assurance or guarantee that the investment objective of the Scheme will be achieved.
Asset allocation
Under normal circumstances, the asset allocation of the Scheme will be as follows (% of NAV):
- Units of the BlackRock Advantage World Equity Fund (‘Master Fund’): 90%–100%
- Temporary Investments (overnight, liquid or money market schemes, money market instruments, bank deposits and other permitted instruments): 0%–10%
How the underlying fund invests
As per the Offer Document, the Master Fund seeks to deliver long-term capital growth by investing at least 70% of its net asset value in equity and equity-related instruments of companies domiciled in, listed in, or the main business of which is in global developed markets.
The Master Fund uses quantitative models which are proprietary to its investment manager in order to achieve a systematic approach to stock selection. The models select stocks from a broad universe (remaining after the application of Master Fund’s ESG Policy) of equities and rank them broadly according to multiple characteristics, including company fundamentals, market sentiment, macro-economic themes and ESG characteristics.
Why JioBlackRock says to consider the scheme
- Core Global Equity Exposure – Access a diversified portfolio of leading companies across developed markets worldwide, forming a strong core allocation for long-term wealth creation.
- Human + Technology – Combines human expertise and advanced technology to deliver consistent investment insights while helping reduce behavioral biases.
- Established Track Record – Systematic Investment Approach is backed by a strong and proven track record, with over forty years of history (Source: BlackRock).
Who can invest and how
As per the Offer Document: “Targeted investors of the Scheme are any persons permitted to invest in the Scheme under the Applicable Laws, including adult resident Indian individuals, minors, fund of funds, government institutions, corporates, limited liability partnership, public sector undertakings, private banks, insurance companies, global development financial institutions, multilateral organisations, family offices, Institutional Investors, high net worth individuals, accredited investors as classified in terms of the IFSCA FM Regulations and other permissible Investors under Applicable Laws.”
- Resident individuals can invest under the Liberalised Remittance Scheme (LRS), which the presentation shows as up to $2,50,000 per individual per financial year.
- Indian entities (corporates, LLPs, family offices) can invest under Overseas Portfolio Investment (OPI), shown as up to 50% of net worth.
- JioBlackRock states that investors can “invest abroad under the Liberalised Remittance Scheme (LRS) or Overseas Portfolio Investment (OPI) without opening an overseas account.”
- Online onboarding is currently available for Resident Individuals only.
Investing online (as described by JioBlackRock)
- Verify Your Details – Enter your PAN, Date of Birth, mobile number, and email address to get started.
- Complete Account Setup – Provide details and create your investment account.
- Start investing – Select your investment, transfer fund and place your order.
- Allotment & Confirmation – Receive confirmation email on unit allotment.
Official fund page: JioBlackRock Advantage World Equity Fund (IFSC).
Costs
The Offer Document caps the Total Expense Ratio (including the fees, costs and expenses of the Master Fund) at up to 1.25% p.a. for the Direct Plan and up to 1.75% p.a. for the Regular Plan. Excluding the Master Fund's costs, the maximum is up to 0.85% p.a. (Direct) and up to 1.35% p.a. (Regular).
The scheme presentation shows an indicative TER of 0.90% (Direct Plan) and 1.40% (Regular Plan), and states that this is for indicative purposes only and does not reflect the actual TER. The fund's website currently shows the Actual Total Expenses Ratio as “NA”.
Tax treatment shown in the presentation
- Short Term Capital Gains: applicable if the investor redeems units within 24 months – 30% applicable tax rate.
- Long Term Capital Gains: applicable if the investor redeems units after 24 months – 12.5% applicable tax rate.
Tax rate excluding applicable surcharges and cess. Tax rate is subject to amendment in applicable tax laws from time to time. The Scheme is constituted as a trust and certain income or gains may be taxed at the trust or Scheme level. Investors should consult their independent tax advisers regarding the tax consequences applicable to their individual circumstances. (Presentation)
JioBlackRock's website adds: “Applicable tax obligations are managed at the fund level.”
Valuation and redemption
- The valuation frequency for Units of the Scheme will be held on a daily basis. Redemptions and subscriptions shall be undertaken on the Valuation Day.
- Cut-off Time: 11.00 A.M (IST) on the relevant Valuation Day.
- The payment of Redemption Proceeds shall be effected by way of cash, through banking channels, to the registered bank mandate of the Investor, within 7 (Seven) Business Days of the Valuation Day.
- The “Redemption Price” shall either be the Long term post-Tax NAV or Short term post-Tax NAV per Unit depending upon the period of holding of the Units of the Scheme by the Investors.
Fund manager
Keyur Charola has joined the FME as the fund manager – GIFT City. As per the Offer Document, he is an investment professional with over 12 years of experience in equity research, portfolio management and investment. Before joining, he worked with S&P Global and has led investment functions for couple of family offices.
Want the full picture?
For the scheme's structure, portfolio exposure, process and the GIFT City routes in more detail, read our guide: JioBlackRock Advantage World Equity Fund (IFSC): GIFT City Guide.
- Offer Document – JioBlackRock Advantage World Equity Fund (IFSC)
- JioBlackRock Advantage World Equity Fund (IFSC) – Presentation
Frequently Asked Questions
When did the NFO of JioBlackRock Advantage World Equity Fund (IFSC) open?
JioBlackRock GIFT City announced on 26 October 2026 that the NFO opens that day.
When does the NFO close?
No closing date is mentioned in the announcement, on the website or in the Offer Document. As per the Offer Document, the Initial Offer Period shall not go beyond 12 months from IFSCA's acknowledgment of the Offer Document, or on receipt of a minimum Corpus of USD 1,000,000, whichever is earlier, and the FME may extend it.
What is the minimum investment?
USD 5,000 for the initial investment and USD 1,000 for additional investments, in both the Direct and Regular Plans.
Where does the fund invest?
It primarily invests (90%–100%) in units of the BlackRock Advantage World Equity Fund, an Ireland-domiciled UCITS fund that invests in companies from global developed markets.
Is there an exit load?
No. The exit load is Nil.
What is the expense ratio?
The maximum Total Expense Ratio, including Master Fund costs, is up to 1.25% p.a. for the Direct Plan and up to 1.75% p.a. for the Regular Plan. The presentation shows an indicative TER of 0.90% (Direct) and 1.40% (Regular).
Can resident Indians invest?
Yes. Adult resident Indian individuals are among the targeted investors and can invest under the Liberalised Remittance Scheme (LRS). Online onboarding is currently available for Resident Individuals only.
Investment in retail fund is subject to market risks, read the offer document and all related documents carefully before investing. No return from the Scheme is assured or guaranteed. Past performance does not guarantee or indicate future results/returns. The registration with the IFSCA does not imply approval or endorsement by the IFSCA of the Fund Management Entity, of any scheme, or of the financial soundness or performance thereof.
