Sunil Singhania-founded Abakkus Mutual Fund and JioBlackRock Mutual Fund have filed draft scheme documents with the Securities and Exchange Board of India (Sebi) for three funds each, taking the total number of proposed launches to six.

Together, these two fund houses will launch three active funds and three passive funds. Abakkus Mutual Fund will launch three hybrid funds and JioBlackRock Mutual Fund will launch two target maturity index funds and one ETF.

Abakkus Mutual Fund

Abakkus Mutual Fund will launch Abakkus Dynamic Asset Allocation Fund, Abakkus Aggressive Hybrid Fund and Abakkus Arbitrage Fund. The minimum application amount for lumpsum investment in all three funds will be Rs 500 and in multiples of Re 1 thereafter. For monthly SIP, the minimum application amount in these three funds will be Rs 500 and in multiples of Re 1 thereafter, with a minimum of six instalments.

Abakkus Dynamic Asset Allocation Fund

Abakkus Dynamic Asset Allocation Fund will be an open-ended dynamic asset allocation fund investing in debt and equity instruments only. The performance will be benchmarked against CRISIL Hybrid 50+50 - Moderate Index and will be managed by Sanjay Doshi and Abhishek Krishnaswami Srinivas.

The fund will invest 10-90% in equity and equity-related instruments, including foreign/overseas securities and 10-90% in debt and money market instruments, including units of debt-oriented mutual fund schemes.

The product will be suitable for investors who are seeking long-term capital appreciation and want investment in a dynamically managed portfolio of equity and equity-related instruments (including derivatives) and debt and money market securities only.

Abakkus Aggressive Hybrid Fund

Abakkus Aggressive Hybrid Fund will be an open-ended hybrid scheme investing predominantly in equity and equity-related instruments. The performance will be benchmarked against CRISIL Hybrid 35+65 - Aggressive Index and will be managed by Pratish Krishnan Kolleri and Abhishek Krishnaswami Srinivas.

The fund will allocate 65-80% in equity and equity-related instruments, including foreign/overseas securities, 20-35% in fixed income securities (debt and money market instruments), 0-15% in exchange-traded commodity derivatives (ETCDs), Gold ETFs and Silver ETFs, and 0-10% in units issued by InvITs.

The fund will be suitable for investors who are seeking long-term capital appreciation and want investment predominantly in equity and equity-related instruments, along with fixed income securities.

Abakkus Arbitrage Fund

Abakkus Arbitrage Fund will be an open-ended scheme investing in arbitrage opportunities. The fund will be benchmarked against the Nifty 50 Arbitrage Index and will be managed by Sanjay Doshi, Prashant Shelar and Abhishek Krishnaswami Srinivas.

The fund will invest 65-80% in equity and equity-related instruments, including foreign/overseas securities and equity derivatives, and 0-35% in debt and money market instruments, including margin money deployed in derivative transactions.

The fund will be suitable for investors who are seeking short- to medium-term return generation and want to predominantly invest in arbitrage opportunities in the cash and derivatives segment of the equity market.

JioBlackRock Mutual Fund

JioBlackRock Mutual Fund will launch the JioBlackRock CRISIL-IBX AAA NBFC Index - Jun 2027 Fund, JioBlackRock CRISIL-IBX AAA Financial Services Index - Sep 2027 Fund and JioBlackRock Silver ETF.

The minimum application amount for lumpsum investment in all three funds will be Rs 500 and any amount thereafter. For SIP, the minimum application amount in both the index funds will be Rs 500 and in multiples of Re 1 thereafter, with a minimum of six instalments.

Also Read | JioBlackRock MF sees value in equities after correction, favours target maturity funds for debt investors

JioBlackRock CRISIL-IBX AAA NBFC Index - Jun 2027 Fund

JioBlackRock CRISIL-IBX AAA NBFC Index - Jun 2027 Fund will be an open-ended target maturity scheme replicating/tracking the CRISIL-IBX AAA NBFC Index - Jun 2027 with relatively low interest rate risk and relatively low credit risk.

The performance will be benchmarked against the CRISIL-IBX AAA NBFC Index - Jun 2027 (TRI) and will be managed by Arun Ramachandran, Vikrant Mehta and Siddharth Deb.

The fund will invest 95-100% in fixed income securities comprising the CRISIL-IBX AAA NBFC Index - Jun 2027 and 0-5% in debt and money market instruments (including units of mutual funds), cash and cash equivalents.

JioBlackRock CRISIL-IBX AAA Financial Services Index - Sep 2027 Fund

JioBlackRock CRISIL-IBX AAA Financial Services Index - Sep 2027 Fund will be an open-ended target maturity scheme replicating/tracking the CRISIL-IBX AAA Financial Services Index - Sep 2027 with moderate interest rate risk and relatively low credit risk.

The performance of the fund will be benchmarked against the CRISIL-IBX AAA Financial Services Index - Sep 2027 (TRI) and will be managed by Arun Ramachandran, Vikrant Mehta and Siddharth Deb. The fund will allocate 95-100% in fixed income securities comprising the CRISIL-IBX AAA Financial Services Index - Sep 2027 and 0-5% in debt and money market instruments (including units of mutual funds), cash and cash equivalents.

The fund will be suitable for investors who are seeking income over the target maturity period and want passive investments in fixed income securities replicating the composition of the CRISIL-IBX AAA Financial Services Index - Sep 2027, subject to tracking errors.

JioBlackRock Silver ETF

JioBlackRock Silver ETF will be an open-ended scheme replicating/tracking the domestic price of silver. The performance of the fund will be benchmarked against the domestic price of silver and will be managed by Tanvi Kacheria and Haresh Mehta.

The fund will allocate 95-100% in silver and silver-related instruments as may be specified by Sebi and 0-5% in debt and money market instruments (including units of mutual funds).

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