JioBlackRock Money Market Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 16, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
JioBlackRock Money Market Fund Direct Growth Plan had a NAV of ₹1,076.7227 as of 15 Sep 2026 and scheme AUM of ₹3,463 Cr. Its 1-year, 3-year and 5-year returns are 6.49%, 0% and 0%, and the scheme carries a Balanced Risk label.
Our view is that the fund has delivered a steady short-term outcome, but the longer-term return history is still too limited to draw a full cycle conclusion. The portfolio is built around short-dated money-market and high-quality debt instruments, which helps explain the relatively stable path, but the short track record means investors should read the numbers as early evidence rather than a mature history.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹1,076.7227 as of 15 Sep 2026 |
| AUM | ₹3,463 Cr |
| Expense Ratio | 0.15% |
| Launch Date | 04 Jul 2025 |
| Min SIP | ₹500 |
| Risk Category | Balanced Risk |
| Benchmark | Nifty 50 |
| Fund Category | Debt |
| Exit Load | No exit load |
| Fund Managers | Vikrant Mehta, Siddharth Deb, Arun Ramachandran |
The fund is managed by Vikrant Mehta, Siddharth Deb and Arun Ramachandran.
Source data date: as of 15 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | 0.47% | -4.81% |
| 3M | 1.85% | -3.63% |
| 1Y | 6.49% | -8.27% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The recent pattern is notably steadier than the benchmark. Over 1 month and 3 months, the fund stayed positive while the benchmark was negative, which points to a much less turbulent path in the latest stretch. That matters for money-market style debt exposure, where investors generally look for consistency first and sharp drawdowns are less desirable than a smooth path.
The 1-year return remains positive at 6.49%, and the fund’s 1-year series shows a gradual upward drift rather than large swings. That supports the idea of controlled compounding, although the launch date in July 2025 means there is not yet a real 3-year or 5-year return history to judge across a full market cycle.
Against the benchmark, the fund is ahead in every available period. The gap is most visible in the short term, where the benchmark has been weaker, but the longer 1-year comparison still shows the same broad pattern. For investors, that suggests the current record is more about preserving a stable return path than about delivering aggressive growth.
Source data date: as of 15 Sep 2026
Should you BUY or HOLD JioBlackRock Money Market?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding JioBlackRock Money Market? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| JioBlackRock Money Market Fund Direct Growth Plan | 6.49% | Data not available | Data not available |
| Union Money Market Fund Direct Growth Plan | 6.82% | 7.22% | 6.48% |
| Bank of India Money Market Fund Direct Growth Plan | 6.70% | Data not available | Data not available |
| Tata Money Market Fund Direct Growth Plan | 6.69% | 7.53% | 6.84% |
| Bandhan Money Market Fund Direct Growth Plan | 6.69% | 7.42% | 6.67% |
| LIC MF Money Market Fund Direct Growth Plan | 6.69% | 6.81% | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
On 1-year performance, the fund trails the stronger peer figures slightly, with the leading peer in this set at 6.82% and a cluster of peers close to 6.69% to 6.70%. That puts the fund within the same broad band, but not at the upper end of the available one-year return range.
The longer-term picture is mixed because the fund does not yet have a 3-year or 5-year return history, while some peers do. Where those histories are available, the peer numbers are higher than the fund’s current record simply because the fund has not built that record yet. So the short-term comparison is about modest gaps, while the longer-term comparison is mainly about track record depth.
Source data date: as of 15 Sep 2026
Want to know more? Log in to Univest for more mutual fund insights.
Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| ICICI Home Finance Co Ltd (24-Jun-2027) ** | Commercial Paper | 8.18% |
| 5.74% GOI 2026 (15-Nov-2026) | Government Securities | 7.37% |
| HDFC Bank Ltd (05-Mar-2027) ** | Certificate of Deposit | 6.70% |
| Canara Bank (12-Mar-2027) ** | Certificate of Deposit | 6.22% |
| ICICI Securities Ltd (14-Jun-2027) ** | Commercial Paper | 5.45% |
| National Bank for Agriculture & Rural Development (17-Mar-2027) | Certificate of Deposit | 4.87% |
| 364 DTB (04-Feb-2027) | Treasury Bills | 4.23% |
| Bank of Baroda (05-Mar-2027) ** | Certificate of Deposit | 4.19% |
| Cholamandalam Investment and Finance Co Ltd (10-Mar-2027) ** | Commercial Paper | 4.17% |
| Export-Import Bank of India (01-Mar-2027) ** | Certificate of Deposit | 2.79% |
The top 10 holdings account for approximately 54.17% of the portfolio.
To see all holdings, visit the JioBlackRock Money Market Fund Direct Growth Plan page
The largest holding is 8.18%, so no single position dominates the portfolio outright. The fall from the first holding to the tenth is gradual rather than abrupt, which suggests a measured spread across several short-duration instruments instead of heavy dependence on one name.
At the same time, the top 10 holdings still make up about 54.17% of the portfolio, so the disclosed positions carry meaningful weight even though the fund is not narrowly concentrated in one or two instruments. With 33 holdings disclosed in total, the portfolio appears to combine a visible core with a longer tail of additional exposures that may help distribute issuer-level risk.
For investors, that mix may support smoother day-to-day behaviour because the holdings are spread across government securities, certificates of deposit and commercial paper, rather than sitting in one bucket alone. The structure looks consistent with a short-term debt fund that is trying to balance return generation with liquidity and credit discipline.
Source data date: as of 15 Sep 2026
Who should invest
This fund suits investors who are comfortable with debt-fund style returns and want a steadier short-term path rather than equity-like growth. The Balanced Risk label and the portfolio mix of short-duration debt instruments point to a comparatively measured risk profile, but the short launch history means the record is still developing.
The fund may fit a shorter to medium investment horizon where capital stability and regular accrual matter more than high upside. Its recent returns have held up better than the benchmark, but the lack of 3-year and 5-year history means investors must accept limited evidence on how it behaves through a full rate cycle.
The main trade-off is between stability and return ambition: the portfolio appears designed for smoother outcomes, yet the return profile is not meant to chase aggressive growth.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: No exit load.
Source data date: as of 15 Sep 2026
Frequently asked questions
What is the current NAV of JioBlackRock Money Market Fund Direct Growth Plan?
The current NAV is ₹1,076.7227 as of 15 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is 6.49%, while the 3-year and 5-year returns are not yet available in a meaningful way for this launch history.
How has the fund compared with the benchmark?
It has outpaced the benchmark in every available period. The fund is positive over 1 month, 3 months and 1 year, while the benchmark is negative across those same periods.
How does it compare with peer money market funds?
Its 1-year return is slightly below the strongest available peer figures in this set, but it sits close to the main cluster of peer returns. The longer-term comparison is limited because this fund does not yet have 3-year or 5-year history.
What is the minimum SIP amount?
The minimum SIP amount is ₹500.
Who manages the fund and what is the exit load?
The fund is managed by Vikrant Mehta, Siddharth Deb and Arun Ramachandran. There is no exit load.
Bottom line
The fund’s recent return pattern is steadier than the benchmark, but its longer-term record is still too short to treat the 1-year number as a full-cycle verdict. Compared with peers, it is in the same general return zone, though some peers have a slightly stronger 1-year record and deeper long-term histories. The portfolio is spread across short-dated debt instruments, which supports a measured risk profile and makes it more suitable for investors who value stability and liquidity over aggressive upside.
Published on 16 September 2026 at 6:28 PM IST
Explore mutual funds with Univest
Review mutual fund data, compare performance and explore fund insights on Univest.
RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.