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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹10.2787 | +0.33% | +1.58% | — | — | — | — |
Portfolio Metrics(latest month)
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.