JioBlackRock Flexi Cap Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 17, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
JioBlackRock Flexi Cap Fund Direct Growth Plan has a NAV of ₹9.7516 as of 16 September 2026, with scheme AUM at ₹3,274 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the fund sits in the High Risk bucket. Our view is that this is still a young flexi-cap offering, so the key question is less about long track record and more about whether the portfolio and recent movement fit an investor who can accept higher short-term variability.
The fund is a direct-growth option with a low expense ratio of 0.5% and a diversified equity portfolio across 61 disclosed holdings. Because performance history is short and the fund has not yet built a long return record, it is better assessed as a newer market-cap-flexible equity allocation than as a seasoned compounder.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹9.7516 as of 16 Sep 2026 |
| AUM | ₹3,274 Cr |
| Expense Ratio | 0.5% |
| Launch Date | 13 Oct 2025 |
| Min SIP | ₹500 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Exit Load | No exit load |
| Fund Managers | Tanvi Kacheria, Sahil Chaudhary |
The fund is managed by Tanvi Kacheria and Sahil Chaudhary.
Source data date: as of 16 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -3.96% | -4.41% |
| 3M | -1.18% | -3.6% |
| 1Y | Data not available | Data not available |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
Over the last month, the fund has been weak, but it still held up a little better than the benchmark. The three-month pattern is also negative, yet the fall is milder than the benchmark’s decline, which tells us the portfolio has not been the weaker side of the recent move.
That said, the available history is too short to draw a full cycle conclusion. The fund launched only in October 2025, so the 1-year, 3-year and 5-year figures are not yet available in a meaningful way. For now, the short-run pattern suggests some resilience versus the benchmark, but not enough evidence to call the process stable through different market phases.
The daily path over the recent windows also looks uneven rather than smooth. There were phases of small gains and dips, followed by a softer finish, which is typical of a portfolio still settling into its shape. Our reading is that the fund has behaved like an early-stage equity strategy where near-term fluctuations matter more than any long-run pattern at this stage.
As a result, we would treat the benchmark comparison as informative but not decisive. The fund has been slightly better than the Nifty 50 in the recent windows shown, yet the absence of a longer return record means investors still need to lean more on portfolio fit and risk tolerance than on established compounding history.
Source data date: as of 16 Sep 2026
Should you BUY or HOLD JioBlackRock Flexi Cap?
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 Flexi Cap? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| JioBlackRock Flexi Cap Fund Direct Growth Plan | Data not available | 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 numbers available here, the fund does not yet have a published 1-year return to set against peer returns, while several peer schemes have visible 1-year figures. That means the comparison is currently more useful as a market context check than as a strict relative-performance test.
For longer horizons, the picture is the same: the fund has no disclosed 3-year or 5-year return yet, so peers with longer-dated figures are not directly comparable on that basis. The main takeaway is that the fund is still building a track record, and investors have to judge it more on structure, holdings and near-term behaviour than on a completed performance history.
Source data date: as of 16 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| ICICI Bank Ltd | Bank | 6.07% |
| HDFC Bank Ltd | Bank | 6.05% |
| Bharti Airtel Ltd | Telecom | 4.13% |
| State Bank of India | Bank | 3.32% |
| Reliance Industries Ltd | Crude Oil | 3.27% |
| Mahindra & Mahindra Ltd | Automobile & Ancillaries | 2.91% |
| Larsen & Toubro Ltd | Infrastructure | 2.32% |
| Tata Steel Ltd | Iron & Steel | 2.22% |
| Infosys Ltd | IT | 2.14% |
| Nestle India Ltd | FMCG | 1.83% |
The top holding, ICICI Bank Ltd, carries a 6.07% weight, which is large enough to matter but not large enough to dominate the portfolio on its own. The weight then steps down gradually through HDFC Bank, Bharti Airtel and the next few positions, so the portfolio does not look like a one-position strategy.
By the tenth holding, the weight is down to 1.83%, which shows a fairly steady spread rather than an abrupt cliff. The top 10 holdings account for approximately 34.26% of the portfolio, while 61 holdings are disclosed in total. That combination suggests a meaningful core in the largest names, but also a longer tail that may help reduce dependence on only a handful of stocks.
Because the disclosed list extends beyond the top 10, the remaining positions may still affect results even if each individual weight is smaller. In our view, the structure looks balanced enough to avoid extreme concentration, yet the biggest banks and a few large cyclical names are still likely to have greater influence on short-term portfolio behaviour.
To see all holdings, visit the JioBlackRock Flexi Cap Fund Direct Growth Plan page
Source data date: as of 16 Sep 2026
Who should invest
This fund suits investors who are comfortable with High Risk equity exposure and who can stay invested long enough for a newer flexi-cap strategy to settle. The short return history means the more relevant question is whether the investor can handle early-stage volatility and accept that the fund has not yet built a long record.
It is more suitable for a medium- to long-term horizon than for investors who need a steady near-term outcome. Compared with the benchmark, recent behaviour has been slightly better, but the long-term evidence is still missing. The trade-off is clear: you get a diversified equity portfolio with flexible allocation potential, but you also take on the uncertainty that comes with a young scheme.
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 16 Sep 2026
Frequently asked questions
What is the current NAV of JioBlackRock Flexi Cap Fund Direct Growth Plan?
The current NAV is ₹9.7516 as of 16 September 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year, 3-year and 5-year returns are Data not available, Data not available and Data not available. The fund is still too new for a complete long-horizon return record.
How has the fund behaved against its benchmark recently?
It has been slightly better than the Nifty 50 in the recent windows shown. The 1-month return is -3.96% versus -4.41% for the benchmark, and the 3-month return is -1.18% versus -3.6%.
How does it compare with peer funds on available return data?
Several peer schemes have visible 1-year returns, while this fund does not yet have a disclosed 1-year, 3-year or 5-year return. That makes the comparison more useful for context than for a direct relative-performance conclusion.
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 Tanvi Kacheria and Sahil Chaudhary. There is no exit load.
Bottom line
JioBlackRock Flexi Cap Fund Direct Growth Plan is still in an early track-record phase, so the available evidence points more to recent behaviour than to long-run compounding. Its short-term performance has been a little better than the benchmark in the windows shown, while peer comparison is limited because longer return data is not yet available. The portfolio is diversified across 61 holdings, with a meaningful core in large banks and a broader tail beyond the top names. That makes it more suitable for investors who can tolerate High Risk equity volatility and are comfortable backing a younger flexi-cap strategy.
Published on 17 September 2026 at 11:21 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.