JioBlackRock Sector Rotation Fund
The fund maintains a heavily financials-skewed portfolio with banks accounting for over one-fifth of assets, signaling conviction in India's credit cycle expansion despite broad diversification across 291 holdings. Recent portfolio churn—adding 29 positions while trimming insurance and fintech plays—suggests the manager is rotating away from defensive finance into cyclical exposure, with energy and autos gaining tactical emphasis. The modest monthly gain and near-full equity deployment indicate preparedness for sustained economic momentum, though the pronounced top-10 concentration of 35% creates meaningful single-stock risk within the sector rotation mandate.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹9.5676 | +0.96% | — | — | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Hindustan Unilever Ltd | 0.32% |
| Redington Ltd | 0.16% |
| Kaynes Technology India Ltd | 0.15% |
| Malco Energy Ltd ** | 0.12% |
| Talwandi Sabo Power Ltd ** | 0.12% |
| Vedanta Aluminium Metal Ltd ** | 0.12% |
| Vedanta Iron And Steel Ltd ** | 0.12% |
| PG Electroplast Ltd | 0.10% |
| L&T Technology Services Ltd | 0.10% |
| Syrma SGS Technology Ltd | 0.09% |
| Honeywell Automation India Ltd | 0.08% |
| Netweb Technologies India Ltd | 0.08% |
| Oracle Financial Services Software Ltd | 0.07% |
| Data Patterns India Ltd | 0.07% |
| CESC Ltd | 0.06% |
| Billionbrains Garage Ventures Ltd | 0.06% |
| Amara Raja Energy And Mobility Ltd | 0.06% |
| Brigade Enterprises Ltd | 0.06% |
| Motilal Oswal Financial Services Ltd | 0.06% |
| Poonawalla Fincorp Ltd | 0.06% |
| HDB Financial Services Ltd | 0.06% |
| Kajaria Ceramics Ltd | 0.06% |
| Global Health Ltd | 0.06% |
| Inox Wind Ltd | 0.06% |
| Aditya Infotech Ltd | 0.06% |
| NTPC Green Energy Ltd | 0.05% |
| Aegis Logistics Ltd | 0.05% |
| Margin on Derivatives | 0.09% |
| Net Receivables / (Payables) | -0.47% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Ltd INE040A01034 | 6.57% |
| 2 | Reliance Industries Ltd INE002A01018 | 5.47% |
| 3 | ICICI Bank Ltd INE090A01021 | 5.04% |
| 4 | Bharti Airtel Ltd INE397D01024 | 4.83% |
| 5 | Larsen & Toubro Ltd INE018A01030 | 2.67% |
| 6 | ITC Ltd INE154A01025 | 2.58% |
| 7 | State Bank of India INE062A01020 | 2.49% |
| 8 | Axis Bank Ltd INE238A01034 | 2.06% |
| 9 | Kotak Mahindra Bank Ltd INE237A01036 | 1.55% |
| 10 | Mahindra & Mahindra Ltd INE101A01026 | 1.52% |
| 11 | Sun Pharmaceutical Industries Ltd INE044A01036 | 1.29% |
| 12 | Adani Ports and Special Economic Zone Ltd INE742F01042 | 1.27% |
| 13 | Infosys Ltd INE009A01021 | 1.22% |
| 14 | Bajaj Finance Ltd INE296A01032 | 1.21% |
| 15 | TREPS | 1.09% |
| 16 | Interglobe Aviation Ltd INE646L01027 | 1.03% |
| 17 | NTPC Ltd INE733E01010 | 0.99% |
| 18 | Tata Steel Ltd INE081A01020 | 0.99% |
| 19 | Maruti Suzuki India Ltd INE585B01010 | 0.96% |
| 20 | Nestle India Ltd INE239A01024 | 0.88% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.