Abakkus Mutual Fund and JioBlackRock File Draft Papers With SEBI for Six New Schemes — October 11, 2026

In a bid to rapidly expand their product suites in India's growing mutual fund industry, Sunil Singhania-led Abakkus Mutual Fund and the joint venture JioBlackRock Mutual Fund have filed draft scheme information documents with the Securities and Exchange Board of India (SEBI) for six new fund launches.

The regulatory filings reveal a distinct tactical focus from each fund house: Abakkus is broadening its presence across hybrid and asset-allocation strategies, while JioBlackRock continues to build out a competitive lineup centered on passive debt indices and commodity exchange-traded funds (ETFs).

Abakkus Expands Into Hybrid and Allocation Categories

Abakkus Mutual Fund, sponsored by Abakkus Asset Manager, has submitted draft documents for three hybrid category funds aimed at conservative to moderate risk profiles:

Proposed Abakkus Fund Offerings:

• Abakkus Dynamic Asset Allocation Fund: An open-ended balanced advantage scheme that dynamically shifts exposure between equity and debt instruments depending on prevailing market valuations and macroeconomic indicators.
• Abakkus Aggressive Hybrid Fund: An open-ended hybrid fund intended to allocate primarily to equities (typically 65% to 80%) while maintaining a debt allocation to cushion downside volatility.
• Abakkus Arbitrage Fund: An open-ended scheme aiming to generate returns through arbitrage opportunities in the cash and derivatives segments of the equity market, appealing to short-term parking of capital with equity-like taxation.

Founded by industry veteran Sunil Singhania, Abakkus has built a substantial footprint in equity portfolio management services (PMS) and alternative investment funds (AIFs) before venturing into the retail mutual fund space. The hybrid expansion comes as the parent firm, Abakkus Asset Manager, has also filed draft papers for an initial public offering (IPO) via an offer-for-sale.

JioBlackRock Advances Passive Debt and Commodity Playbook

JioBlackRock Mutual Fund—the joint venture between Jio Financial Services and global asset management powerhouse BlackRock—has filed offer documents for three offerings spanning precious metals and specialized fixed-income benchmarks:

Proposed JioBlackRock Fund Offerings:

• JioBlackRock Silver ETF: An open-ended exchange-traded fund designed to track the domestic spot price of physical silver, providing retail and institutional investors with an efficient vehicle to capture precious metals exposure without holding physical bullion.
• JioBlackRock CRISIL-IBX AAA NBFC Index: A passive debt index strategy aimed at delivering rule-based, transparent exposure to top-tier, highly rated non-banking financial company (NBFC) corporate bonds.
• JioBlackRock CRISIL-IBX AAA Financial Services Index: A target index fund focusing on AAA-rated corporate debt issued across the broader financial services space, designed for institutional and conservative retail investors seeking yield predictability and high credit quality.

JioBlackRock’s submissions align with the entity's stated objective of disrupting the domestic asset management ecosystem through tech-enabled, low-cost, rules-based passive products, debt indexes, and systematic allocation funds.

Market Implications for Indian Investors

The concurrent filings from two of the sector's newest entrants underscore intensifying competition in India's asset management industry. Mutual fund folios and retail participation via Systematic Investment Plans (SIPs) continue to hit record highs, driving AMCs to fill structural product gaps across risk categories.

For domestic investors, the planned rollout of dynamic asset allocation and arbitrage funds provides tools to hedge against elevated equity valuations, while passive silver ETFs and AAA-rated corporate bond indices offer lower-cost avenues for portfolio diversification and capital preservation.

The schemes remain subject to SEBI review and regulatory approvals before opening for subscription under formal New Fund Offers (NFOs).

Tags: Abakkus Mutual Fund JioBlackRock Mutual Fund SEBI Sunil Singhania Mutual Funds Exchange Traded Funds