JioBlackRock Mutual Fund Files Draft Documents With SEBI for Gold ETF
5paisa Capital Ltd
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Last Updated: 9th October 2026 - 03:25 pm
Key Takeaways
- JioBlackRock Mutual Fund submitted draft scheme documents to SEBI for the proposed JioBlackRock Gold ETF.
- The scheme proposes to allocate 95–100% of its assets to gold and gold-related instruments, with up to 5% in debt and money market instruments.
- The proposed ETF carries a minimum lump-sum application amount of ₹500 and will seek to track domestic gold prices, subject to tracking differences.
JioBlackRock Proposes Gold ETF
JioBlackRock Mutual Fund has filed draft documents with the Securities and Exchange Board of India for the launch of the JioBlackRock Gold ETF.
The filing was reported by The Economic Times on 5 October 2026.
The proposed scheme will be an open-ended exchange-traded fund designed to replicate or track the domestic price of gold.
Its investment objective is to generate returns broadly corresponding to changes in domestic gold prices, subject to tracking errors.
The filing represents a proposed product launch. It does not establish that the ETF has completed its regulatory process or commenced trading.
Proposed Asset Allocation
The draft investment mandate specifies the following asset allocation:
| Investment Category | Proposed Allocation |
|---|---|
| Gold and gold-related instruments | 95–100% |
| Debt and money market instruments, including eligible mutual fund units | 0–5% |
The allocation indicates that gold-related assets will account for almost the entire portfolio.
The limited debt and money market allocation can support liquidity management and other operational requirements within the scheme's mandate.
The ETF's benchmark will be the domestic price of gold.
Minimum Investment and Expenses
The proposed minimum lump-sum investment amount is ₹500, with additional investments in multiples of ₹1.
The draft documents specify no exit load.
The reported maximum permissible base expense ratio is 0.90%, subject to the applicable regulatory framework.
The proposed fund managers are Tanvi Kacheria and Haresh Mehta.
These details are drawn from the draft filing and remain subject to the final scheme documentation.
How Gold ETF Returns Are Determined
Gold ETFs are designed to provide exposure to the price of gold through exchange-traded fund units.
Their returns generally reflect movements in the underlying gold price, after accounting for expenses, cash holdings and tracking differences.
Consequently, an ETF's return need not exactly match the percentage movement in domestic gold prices.
The market price of ETF units can also differ temporarily from the scheme's underlying net asset value.
JioBlackRock Expands Its Product Pipeline
The proposed gold ETF adds a commodity-focused product to JioBlackRock's developing mutual fund portfolio.
The fund house has also filed documents for other products, including the JioBlackRock Income Plus Arbitrage Omni Fund of Funds.
The gold ETF would provide a different underlying asset exposure from the AMC's equity and debt-oriented schemes.
The timing of its launch, listing and commencement of trading will depend on the completion of the relevant regulatory and operational requirements.
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