JioBlackRock Liquid Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 16, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
JioBlackRock Liquid Fund Direct Growth Plan currently has a NAV of ₹1078.1879 as of 15 Sep 2026 and an AUM of ₹12,173 Cr. Its 1-year, 3-year and 5-year returns are 6.58%, Data not available and Data not available, and the fund carries a Balanced Risk profile.
Our view is that this is a liquid fund for investors who want short-horizon cash management with relatively steady behaviour rather than aggressive upside. The recent return profile is positive, but the short track record and benchmark comparison mean the fund should be read as a liquidity-oriented allocation, not a long-term equity substitute.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹1,078.1879 as of 15 Sep 2026 |
| AUM | ₹12,173 Cr |
| Expense Ratio | 0.1% |
| Launch Date | 04 Jul 2025 |
| Min SIP | ₹500 |
| Risk Category | Balanced Risk |
| Benchmark | Nifty 50 |
| Fund Category | Liquid |
| Exit Load | 0.007% for Day 1, 0.0065% on Day 2, 0.0060% on Day 3, 0.0055% on Day 4, 0.0050% on Day 5, 0.0045% on Day 6, NIL on or after 7D |
| 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 | 0.53% | -4.81% |
| 3M | 1.65% | -3.63% |
| 1Y | 6.58% | -8.27% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The recent pattern is constructive. Over 1 month and 3 months, the fund has held in positive territory while the benchmark has been negative, which points to steadier short-term behaviour than the broad market reference used here.
The 1-year return of 6.58% also stands out against the benchmark’s -8.27%, so the fund has clearly held up better over the measured year. That does not turn it into a high-growth product; rather, it suggests a cash-like allocation with a better recent operating outcome than the benchmark comparison implies.
The daily pattern across the 3-month and 1-year series shows a fairly contained path with modest movement, which is consistent with a liquid fund’s role. We would not read that as a promise of future stability, but it does support the idea that the fund has been moving in a narrow range rather than swinging sharply.
Because the fund is young, the longer-period figures are not available, so the main evidence comes from recent behaviour. That makes the 1-year number useful, but it also means investors should treat the history as limited and focus on the fund’s liquidity role rather than on long-cycle compounding.
Source data date: as of 15 Sep 2026
Should you BUY or HOLD JioBlackRock Liquid?
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 Liquid? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Axis Liquid Fund Direct Growth Plan | 6.59% | 7.01% | 6.39% |
| Aditya Birla SL Liquid Fund Direct Growth Plan | 6.59% | 7.02% | 6.41% |
| Sundaram Liquid Fund Direct Growth Plan | 6.58% | 7% | 6.38% |
| JioBlackRock Liquid Fund Direct Growth Plan | 6.58% | Data not available | Data not available |
| Edelweiss Liquid Fund Direct Growth Plan | 6.56% | 7.01% | 6.39% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
On the 1-year measure, this fund sits in the same narrow band as the peer set, with 6.58% matching Sundaram and trailing the 6.59% readings posted by Axis and Aditya Birla SL by a very small margin. That means the fund is broadly in line with the recent liquid-fund pattern rather than clearly ahead or behind.
The longer-period comparison is less helpful because this scheme does not yet have 3-year or 5-year figures, while the peers with available data sit around the 7% area on 3-year returns and about 6.4% on 5-year returns. So the peer table suggests a stable liquid-fund backdrop, but this fund’s own longer record is still incomplete.
For readers, the short-term and longer-term peer stories are different. The short-term number is competitive, while the missing longer-term figures mean the fund cannot yet be judged on the same multi-year footing as the more established peers.
Source data date: as of 15 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Canara Bank (23-Nov-2026) | Certificate of Deposit | 4.86% |
| National Bank for Agriculture & Rural Development (23-Nov-2026) ** | Commercial Paper | 4.05% |
| 91 DTB (29-Oct-2026) | Treasury Bills | 3.95% |
| TREPS | Cash & Cash Equivalents and Net Assets | 3.94% |
| Kotak Securities Ltd (25-Sep-2026) ** | Commercial Paper | 3.88% |
| Grasim Industries Ltd (17-Sep-2026) ** | Commercial Paper | 2.87% |
| LIC Housing Finance Ltd (11-Nov-2026) ** | Commercial Paper | 2.84% |
| ICICI Securities Ltd (10-Sep-2026) ** | Commercial Paper | 2.79% |
| 91 DTB (05-Nov-2026) | Treasury Bills | 2.77% |
| Axis Bank Ltd (16-Sep-2026) ** | Certificate of Deposit | 2.66% |
The largest holding is Canara Bank at 4.86%, which is modest for a money-market style portfolio and suggests no single position dominates the visible book. The drop from the largest holding to the tenth holding, Axis Bank at 2.66%, is not steep, so the top layer looks fairly even rather than heavily top-weighted.
The top 10 holdings together account for approximately 34.61% of the portfolio, which means a meaningful share still sits outside the visible top slice. With 55 total holdings disclosed, the fund appears to spread exposure across a relatively long tail of short-dated instruments and cash-like positions.
That mix may help reduce reliance on any one issuer, although the commercial paper and certificate-of-deposit weights mean credit selection still matters. In our view, the visible holdings pattern supports a conservative liquidity profile more than a concentrated credit bet.
To see all holdings, visit the JioBlackRock Liquid Fund Direct Growth Plan page
Source data date: as of 15 Sep 2026
Who should invest
This fund suits investors who can accept a low-volatility, short-horizon liquid allocation and do not need equity-style upside. The Balanced Risk label fits a portfolio that is built around short-dated instruments, not around long-duration price movement.
The main trade-off is simple: steadier behaviour and liquidity come with modest return expectations. The 1-year number is competitive versus the benchmark, but the fund’s short track record and limited multi-year history mean it is better suited to parking money for near-term use than to building long-term growth expectations.
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 applies on very short holding periods and steps down daily: 0.007% for Day 1, 0.0065% on Day 2, 0.0060% on Day 3, 0.0055% on Day 4, 0.0050% on Day 5, 0.0045% on Day 6, and NIL on or after 7D.
Source data date: as of 15 Sep 2026
Frequently asked questions
What is the current NAV of JioBlackRock Liquid Fund Direct Growth Plan?
The current NAV is ₹1078.1879 as of 15 Sep 2026.
What is the fund’s 1-year return?
Its 1-year return is 6.58%.
Does the fund have 3-year and 5-year returns?
Data not available for both periods because the scheme is too new for those trailing figures.
How has the fund compared with its benchmark?
It has done better than the benchmark over 1 month, 3 months and 1 year. The benchmark figures are -4.81%, -3.63% and -8.27% for those periods.
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. Exit load steps down from Day 1 through Day 6 and becomes NIL on or after 7D.
Bottom line
The fund’s recent performance is better than its benchmark, but its longer-term record is still too short to judge on the same basis as older liquid funds. The peer comparison shows a broadly similar 1-year return profile, while the portfolio points to a diversified short-dated book rather than a concentrated position. For investors who want liquidity, controlled movement and a conservative credit-led allocation, the fund fits that role more naturally than a long-term growth mandate.
Published on 16 September 2026 at 6:24 PM 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.