JioBlackRock Flexi Cap Fund
The fund maintains a heavily concentrated bet on banking and financial services, which comprises over a quarter of the portfolio, positioning it for continued strength in credit growth and domestic consumption. The manager's aggressive reshuffling—29 new additions alongside 17 exits—suggests conviction shifting toward overlooked value opportunities, particularly smaller-cap financials and consumer names, while trimming energy and select IT exposure. Recent underperformance against benchmark hints the manager is rotating defensively, trading momentum for what they perceive as undervalued cyclicals.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹9.6620 | -1.11% | — | — | — |
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 |
|---|---|
| Yes Bank Ltd | 0.43% |
| Ltm Ltd | 0.40% |
| Nestle India Ltd | 1.41% |
| Ashok Leyland Ltd | 0.67% |
| SBI Life Insurance Co Ltd | 0.52% |
| Billionbrains Garage Ventures Ltd | 0.44% |
| Steel Authority of India Ltd | 0.41% |
| ICICI Prudential Life Insurance Co Ltd | 0.41% |
| Malco Energy Ltd ** | 0.33% |
| Vedanta Aluminium Metal Ltd ** | 0.33% |
| Talwandi Sabo Power Ltd ** | 0.33% |
| Vedanta Iron And Steel Ltd ** | 0.33% |
| Adani Enterprises Ltd | 0.32% |
| Syrma SGS Technology Ltd | 0.26% |
| Ujjivan Small Finance Bank Ltd | 0.24% |
| Tata Capital Ltd | 0.22% |
| MTAR Technologies Ltd | 0.18% |
| Mahindra & Mahindra Financial Services Ltd | 0.16% |
| Ather Energy Ltd | 0.15% |
| Rubicon Research Ltd | 0.12% |
| WeWork India Management Ltd | 0.12% |
| Strides Pharma Science Ltd | 0.10% |
| Oracle Financial Services Software Ltd | 0.08% |
| Nava Ltd | 0.05% |
| Birla Corporation Ltd | 0.04% |
| Aditya Infotech Ltd | 0.03% |
| Sterlite Technologies Ltd | 0.03% |
| Margin on Derivatives | 0.07% |
| Net Receivables / (Payables) | -0.49% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Ltd INE040A01034 | 7.62% |
| 2 | ICICI Bank Ltd INE090A01021 | 5.88% |
| 3 | Bharti Airtel Ltd INE397D01024 | 4.41% |
| 4 | Larsen & Toubro Ltd INE018A01030 | 3.80% |
| 5 | State Bank of India INE062A01020 | 3.73% |
| 6 | Reliance Industries Ltd INE002A01018 | 3.36% |
| 7 | Mahindra & Mahindra Ltd INE101A01026 | 2.90% |
| 8 | Infosys Ltd INE009A01021 | 2.54% |
| 9 | ITC Ltd INE154A01025 | 2.25% |
| 10 | Tata Consultancy Services Ltd INE467B01029 | 1.93% |
| 11 | Titan Co Ltd INE280A01028 | 1.91% |
| 12 | NTPC Ltd INE733E01010 | 1.91% |
| 13 | Multi Commodity Exchange Of India Ltd INE745G01043 | 1.90% |
| 14 | Tata Steel Ltd INE081A01020 | 1.87% |
| 15 | Britannia Industries Ltd INE216A01030 | 1.87% |
| 16 | Indian Oil Corporation Ltd INE242A01010 | 1.72% |
| 17 | Navin Fluorine International Ltd INE048G01026 | 1.67% |
| 18 | Escorts Kubota Ltd INE042A01014 | 1.53% |
| 19 | Max Financial Services Ltd INE180A01020 | 1.49% |
| 20 | Apollo Tyres Ltd INE438A01022 | 1.48% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does JioBlackRock Flexi Cap Fund hold?
JioBlackRock Flexi Cap Fund holds 118 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 25.43% of NAV.
What is the largest holding in JioBlackRock Flexi Cap Fund?
The largest position in JioBlackRock Flexi Cap Fund is HDFC Bank Ltd, accounting for 7.62% of NAV in the Banks sector.
Is JioBlackRock Flexi Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.582, JioBlackRock Flexi Cap Fund is moderately concentrated. The HHI concentration index is 23,945 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 25.43% of the portfolio.
What is the market cap allocation of JioBlackRock Flexi Cap Fund?
Based on SEBI's AMFI classification, JioBlackRock Flexi Cap Fund's equity portfolio is split as: Large Cap: 64.44%, Mid Cap: 12.00%, Small Cap: 19.90%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does JioBlackRock Flexi Cap Fund invest in most?
JioBlackRock Flexi Cap Fund has the highest allocation to Banks (21.11%), Petroleum Products (6.30%), IT - Software (5.81%). The fund is invested across 42 sectors in total.
How actively managed is JioBlackRock Flexi Cap Fund compared to other Flexi Cap Fund funds?
JioBlackRock Flexi Cap Fund has an Active Share of 56.40%, classifying it as "Active Stock Picker" among 41 Flexi Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in JioBlackRock Flexi Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, JioBlackRock Flexi Cap Fund added 29 new stocks (including Yes Bank Ltd) and exited 17 stocks (including HDFC Asset Management Co Ltd). Total holding count increased from 108 to 120 stocks.