JioBlackRock Nifty Smallcap 250 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 17, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
JioBlackRock Nifty Smallcap 250 Index Fund Direct Growth Plan currently has an NAV of ₹10.6025 as of 16 September 2026 and a scheme AUM of ₹404 Cr. Its 1-year, 3-year and 5-year returns are 3.01%, 0% and 0%, and the risk category is High Risk.
Our view is that this fund suits investors who are comfortable with small-cap volatility and can hold through uneven short-term swings. The current return profile is modest, but the portfolio is spread across many names, which makes it a broad small-cap exposure rather than a narrow thematic bet.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹10.6025 as of 16 Sep 2026 |
| AUM | ₹404 Cr |
| Expense Ratio | 0.15% |
| Launch Date | 18 Aug 2025 |
| Min SIP | ₹500 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Exit Load | No exit load |
| Fund Managers | Anand Shah, Haresh Mehta, Tanvi Kacheria |
The fund is managed by Anand Shah, Haresh Mehta and Tanvi Kacheria.
Source data date: as of 16 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -2.43% | -4.41% |
| 3M | 2.32% | -3.6% |
| 1Y | 3.01% | -7.76% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The short-term picture is better than the benchmark. Over 1 month, the fund fell less than the benchmark, and over 3 months it moved into positive territory while the benchmark stayed negative. That tells us the recent path has been steadier than the index, even though the absolute gain is still small.
The 1-year return also sits above the benchmark’s 1-year loss. That gap matters because it shows the fund has held up better through a difficult stretch for the benchmark, rather than simply riding a rising market. Even so, the fund’s own 1-year return is only modest, so the experience has been more about resilience than strong wealth creation.
The one-year line has not been smooth. The monthly pattern shows a period of weakness earlier in the year, followed by a recovery into positive territory and then some softer patches again. Our read is that the fund can recover after drawdowns, but the path is still choppy, which is consistent with its High Risk profile.
Because the fund has been live for only a limited period, the 3-year and 5-year fields are not available in a meaningful trailing sense. That means the current evidence is concentrated in recent behaviour, and investors should treat this as a young small-cap index fund whose longer horizon outcome is still untested in published return terms.
Source data date: as of 16 Sep 2026
Should you BUY or HOLD JioBlackRock Nifty Smallcap 250 Index?
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 Nifty Smallcap 250 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| JioBlackRock Nifty Smallcap 250 Index Fund Direct Growth Plan | 3.01% | Data not available | Data not available |
| Baroda BNP Paribas Gold ETF FoF Direct Growth Plan | 34.39% | Data not available | Data not available |
| HDFC Innovation Fund Direct Growth Plan | 14.3% | Data not available | Data not available |
| Bajaj Finserv Small Cap Fund Direct Growth Plan | 13.33% | Data not available | Data not available |
| Quant Equity Savings Fund Direct Growth Plan | 8.75% | Data not available | Data not available |
| Kotak Active Momentum Fund Direct Growth Plan | 6.31% | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
On the available 1-year figures, this fund trails all five comparison names shown above. That does not by itself change the fund’s role, because the table mixes different equity-oriented approaches, but it does show that the recent return has been comparatively subdued.
The longer-horizon columns do not change the picture for those peers here, because the available values are not meaningful for comparison across most of the group. So the main takeaway is narrow: the current fund has been steadier than its benchmark in the near term, but its 1-year return has been lower than the other funds shown in this peer set.
Source data date: as of 16 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Sona BLW Precision Forgings Ltd | Automobile & Ancillaries | 1.65% |
| Ather Energy Ltd | Domestic Equities | 1.49% |
| Karur Vysya Bank Ltd | Bank | 1.49% |
| Navin Fluorine International Ltd | Chemicals | 1.45% |
| Welspun Corp Ltd | Iron & Steel | 1.42% |
| Piramal Finance Ltd | Finance | 1.26% |
| Delhivery Ltd | Logistics | 1.16% |
| HFCL Ltd | Telecom | 1.16% |
| Central Depository Services (India) Ltd | Business Services | 1.13% |
| RBL Bank Ltd | Bank | 1.07% |
The top 10 holdings account for approximately 13.28% of the portfolio.
To see all holdings, visit the JioBlackRock Nifty Smallcap 250 Index Fund Direct Growth Plan page
The largest holding, Sona BLW Precision Forgings Ltd, is only 1.65%, so no single position dominates the visible book. The tenth holding is 1.07%, which shows a fairly shallow drop from the top name to the bottom of the disclosed list. That kind of spread usually points to a diversified sleeve rather than a concentrated one, even if the individual holdings themselves are all relatively small.
With 13.28% across the top 10 and 62 disclosed holdings in total, the portfolio may have a long tail of smaller positions behind the leading names. That means the fund’s behaviour is likely to be influenced by many stocks instead of a few oversized bets. For investors, the practical implication is that stock-specific moves may still matter, but the portfolio structure appears designed to distribute exposure across a broad small-cap universe.
Source data date: as of 16 Sep 2026
Who should invest
This fund fits investors who can tolerate High Risk and are comfortable with sharp short-term swings in small-cap exposures. The recent return pattern has been positive over 1 year, but the path has been uneven, so the fund is better suited to patient investors than to anyone seeking a smooth experience.
The benchmark comparison and peer return comparison both suggest that the fund has held up better than its benchmark in the near term, but it has not stood out on the available peer figures. The main trade-off is simple: you get broad small-cap exposure with a low expense ratio, but you must accept volatility and the possibility that results can vary widely across market phases.
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 |
No exit load.
Source data date: as of 16 Sep 2026
Frequently asked questions
What is the current NAV of JioBlackRock Nifty Smallcap 250 Index Fund Direct Growth Plan?
The current NAV is ₹10.6025 as of 16 September 2026.
What are the 1-year, 3-year and 5-year returns?
The 1-year return is 3.01%, while the 3-year and 5-year returns are not available in a meaningful trailing sense.
How does the fund compare with its benchmark?
The fund has done better than the benchmark in the recent periods shown. Its 1-month, 3-month and 1-year returns are all ahead of the benchmark’s corresponding figures.
How does it compare with the peer funds shown here?
On the 1-year figures shown here, it trails the five comparison funds listed in the table. The longer-horizon columns are not meaningfully available for most of those names, so the comparison is mainly about the recent year.
Is there a minimum SIP amount?
The minimum SIP amount is ₹500.
What should investors know about risk, holdings and exit load?
The fund is in the High Risk category, and the top 10 holdings account for 13.28% of the portfolio. There is no exit load.
Bottom line
This fund’s recent performance is better than its benchmark but still fairly modest, while the longer-horizon return fields are not available in a meaningful trailing sense. Against the comparison set shown here, its 1-year return is weaker, so the current evidence points to a fund that has been steadier than the benchmark without yet producing standout recent gains. The High Risk profile and the long list of small positions make it more suitable for patient investors who can live with volatility in exchange for broad small-cap exposure.
Published on 17 September 2026 at 10:34 AM IST
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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.