JioBlackRock Arbitrage Fund
The fund is positioned as a market-neutral arbitrage play, leveraging significant bank sector exposure (24%) and near-risk-free debt instruments (20.5% CRISIL A1+) to generate steady returns with muted volatility. The manager recently pivoted from short-term money market instruments toward direct equity stakes and longer-dated bank CDs, signaling confidence in capturing merger arbitrage and corporate action spreads over the next 6-12 months. With top-10 holdings representing 55.6% of the portfolio and new entries in infrastructure names like Adani Enterprises, the strategy tilts toward event-driven opportunities rather than pure statistical arbitrage.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹10.2860 | +0.35% | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Adani Enterprises Ltd | 5.37% |
| Bharat Petroleum Corporation Ltd | 1.88% |
| Jio Financial Services Ltd | 0.72% |
| NBCC (India) Ltd | 0.44% |
| Federal Bank Ltd | 0.32% |
| Power Finance Corporation Ltd | 0.26% |
| Cipla Ltd | 0.13% |
| PB Fintech Ltd | 0.09% |
| Info Edge (India) Ltd | 0.07% |
| Oil India Ltd | 0.01% |
| TVS Motor Co Ltd | 0.01% |
| Canara Bank (15-Jun-2026) | 5.20% |
| ICICI Bank Ltd (29-Jun-2026) ** | 5.19% |
| Punjab National Bank (15-Sep-2026) | 5.11% |
| Canara Bank (28-Jan-2027) ** | 4.98% |
| Margin on Derivatives | 0.00% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | JioBlackRock Money Market Fund - Direct Plan - Growth Option INF22M001028 | 9.56% |
| 2 | Reliance Industries Ltd INE002A01018 | 5.72% |
| 3 | ICICI Bank Ltd INE090A01021 | 5.40% |
| 4 | Adani Enterprises Ltd INE423A01024 | 5.37% |
| 5 | Canara Bank (15-Jun-2026) INE476A16F52 | 5.20% |
| 6 | ICICI Bank Ltd (29-Jun-2026) ** INE090AD6329 | 5.19% |
| 7 | Punjab National Bank (15-Sep-2026) INE160A16UT0 | 5.11% |
| 8 | HDFC Bank Ltd INE040A01034 | 5.09% |
| 9 | Canara Bank (28-Jan-2027) ** INE476A16G28 | 4.98% |
| 10 | Bharti Airtel Ltd INE397D01024 | 4.00% |
| 11 | Kotak Mahindra Bank Ltd INE237A01036 | 3.58% |
| 12 | Multi Commodity Exchange Of India Ltd INE745G01043 | 3.31% |
| 13 | JioBlackRock Liquid Fund - Direct Plan - Growth Option INF22M001010 | 3.23% |
| 14 | Prestige Estates Projects Ltd INE811K01011 | 2.83% |
| 15 | ITC Ltd INE154A01025 | 2.49% |
| 16 | TREPS | 2.36% |
| 17 | Bharat Petroleum Corporation Ltd INE029A01011 | 1.88% |
| 18 | Yes Bank Ltd INE528G01035 | 1.72% |
| 19 | Canara Bank INE476A01022 | 1.62% |
| 20 | AU Small Finance Bank Ltd INE949L01017 | 1.47% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does JioBlackRock Arbitrage Fund hold?
JioBlackRock Arbitrage Fund holds 81 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 31.24% of NAV.
What is the largest holding in JioBlackRock Arbitrage Fund?
The largest position in JioBlackRock Arbitrage Fund is JioBlackRock Money Market Fund - Direct Plan - Growth Option, accounting for 9.56% of NAV.
Is JioBlackRock Arbitrage Fund a concentrated or diversified fund?
With a Gini coefficient of 0.683, JioBlackRock Arbitrage Fund is highly concentrated. The HHI concentration index is 40,435 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 31.24% of the portfolio.
What is the market cap allocation of JioBlackRock Arbitrage Fund?
Based on SEBI's AMFI classification, JioBlackRock Arbitrage Fund's equity portfolio is split as: Large Cap: 46.66%, Mid Cap: 11.54%, Small Cap: 1.01%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does JioBlackRock Arbitrage Fund invest in most?
JioBlackRock Arbitrage Fund has the highest allocation to Banks (24.00%), CRISIL A1+ (20.48%), Petroleum Products (7.93%). The fund is invested across 31 sectors in total.
How actively managed is JioBlackRock Arbitrage Fund compared to other Arbitrage Fund funds?
JioBlackRock Arbitrage Fund has an Active Share of 64.32%, classifying it as "Active Stock Picker" among 34 Arbitrage Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in JioBlackRock Arbitrage Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, JioBlackRock Arbitrage Fund added 16 new stocks (including Adani Enterprises Ltd) and exited 8 stocks (including 91 DTB (07-MAY-2026)). Total holding count increased from 76 to 84 stocks.