JioBlackRock Flexi Cap Fund: The New Fund Offer (NFO) of Jio-BlackRock Flexi Cap Fund has closed on Tuesday. It is an open dynamic equity fund that invests money in shares of large, mid and small cap companies. It follows BlackRock’s SAE Model model, which combines both human understanding and technology to make investment decisions. After the NFO is over, the asset management company (AMC) will allot units, prepare the portfolio and declare the NAV.
When will the unit allotment take place?
After NFO closure, it usually takes 3 to 5 days to check the application and distribute the units. During this, the Asset Management Company (AMC) checks the correct information about KYC, payment and investment in all the forms. After the verification is completed, the mutual fund units are sent to the investor’s demat account or folio.
If this happens then your form will not be valid
If there is any mistake in the application or KYC is not completed, then AMC will not accept that application and will refund the money. Once the units are allotted, investors will be informed through SMS or email.
After receiving the unit, your investment portfolio will be prepared
Fund managers create investment portfolios after unit allotment, which invest in equities, debt instruments and other assets. At the same time, after the portfolio is ready, the fund becomes active and investors start buying and selling on NAV based on the market price.
The post Have you invested in JioBlackRock Flexi Cap Fund? Know now when you will get the unit! appeared first on Latest.
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