JioBlackRock Nifty Midcap 150 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

JioBlackRock Nifty Midcap 150 Index Fund Direct Growth Plan has a NAV of ₹10.5475 as of 16 Sep 2026 and an AUM of ₹287 Cr. Its 1-year, 3-year and 5-year returns are 2.98%, 0% and 0%, and the scheme is tagged High Risk. Our view is that this is a midcap index option with a relatively compact asset base, so it fits investors who can accept near-term swings and want a passive midcap allocation rather than a smoother return pattern.

The benchmark linkage and the short operating history matter here. Recent returns have been uneven, which is typical for a midcap-oriented strategy, and the current risk label confirms that investors should expect volatility rather than steadiness. The appeal is the low expense ratio and broad midcap exposure, while the trade-off is that shorter holding periods may not tell the full story.

Quick facts

Particular	Details
NAV	₹10.5475 as of 16 Sep 2026
AUM	₹287 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	-4.62%	-4.41%
3M	-1.67%	-3.6%
1Y	2.98%	-7.76%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

Recent behaviour has been mixed. Over 1 month, the fund slipped more than the benchmark, which tells us the latest stretch remained under pressure. Over 3 months, it held up better than the benchmark, even though both were weak, so the fund has not moved in a straight line.

The 1-year figure is more constructive because the fund stayed positive while the benchmark was negative. That said, the gap is not large enough to suggest a strong independent edge; instead, it points to a modestly better recent showing against a difficult backdrop. Because the scheme launched only in August 2025, there is no 3-year or 5-year return history to judge a full cycle.

The plotted path over the past year also looks uneven, with an early rise, a noticeable drawdown, and a later recovery that did not fully erase the pressure seen in between. For investors, that pattern reinforces that short-term returns can swing around even when the longer run is still building.

Overall, the recent trend differs from a steady compounding profile. The fund has been able to recover from weakness, but the path has not been smooth, and that is consistent with a midcap strategy that can move sharply as market sentiment changes.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD JioBlackRock Nifty Midcap 150 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
JioBlackRock Nifty Midcap 150 Index Fund Direct Growth Plan	2.98%	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.

The fund’s 1-year return is well below the peer figures shown here, so the recent comparison is not especially strong. The shorter history also means the broader comparison relies almost entirely on the 1-year window, where several peers have delivered much better outcomes.

Because the current fund has no 3-year or 5-year track record yet, we cannot compare its longer-term pattern with peers on those horizons. That leaves two different stories: the present snapshot looks muted, while the longer horizon remains unbuilt rather than clearly weak. For readers, the key point is that this is a young midcap index strategy, so the peer lens is informative for recent behaviour but not yet for full-cycle judgment.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
BSE Ltd	Finance	3.14%
Federal Bank Ltd	Bank	2.05%
Multi Commodity Exchange of India Ltd	Finance	2.03%
Laurus Labs Ltd	Healthcare	1.74%
One 97 Communications Ltd	IT	1.69%
Hero Motocorp Ltd	Automobile & Ancillaries	1.66%
Coforge Ltd	IT	1.62%
Indusind Bank Ltd	Bank	1.57%
PB Fintech Ltd	IT	1.52%
Bharat Heavy Electricals Ltd	Capital Goods	1.51%

The largest holding is BSE Ltd at 3.14%, which is meaningful for a single stock within an index fund but still not dominant in isolation. The weight then steps down fairly gradually through the next names, with the tenth holding at 1.51%, so no single position appears overwhelming within the displayed basket.

The top 10 holdings together account for approximately 18.53% of the portfolio, which suggests a wide spread rather than a heavily concentrated core. That spread matters because the fund has 83 disclosed holdings, so the remaining positions still carry a large share of the portfolio and may shape outcomes over time.

For investors, this structure means the fund could reflect midcap market moves through many names rather than relying on just a few large positions. The smaller weights also reduce the chance that one holding alone dominates the return pattern, although the overall midcap exposure can still be volatile when the segment re-prices quickly.

To see all holdings, visit the JioBlackRock Nifty Midcap 150 Index Fund Direct Growth Plan page

Source data date: as of 16 Sep 2026

Who should invest

This fund suits investors who can tolerate High Risk and are comfortable with a midcap allocation that may move sharply in the short term. The recent 1-year return is positive, but the 1-month and 3-month numbers show that the path has been uneven, so patience matters more than quick outcome-chasing.

It is better aligned with a longer horizon than a short holding period, especially because there is not yet a 3-year or 5-year track record. The main trade-off is clear: you get low-cost midcap index exposure, but you must accept volatility and the possibility that short-term performance can lag or swing around even when the benchmark comparison is improving.

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 Nifty Midcap 150 Index Fund Direct Growth Plan?
The current NAV is ₹10.5475 as of 16 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is 2.98%, while the 3-year and 5-year returns are not available yet because the scheme is still young.

How has the fund done versus its benchmark recently?
Over 1 year, the fund returned 2.98% versus -7.76% for the benchmark. Over 3 months, the fund returned -1.67% versus -3.6% for the benchmark, while the 1-month result was -4.62% versus -4.41%.

How does it compare with the peer funds listed here?
Its 1-year return is lower than the peer figures shown in the comparison table. The 3-year and 5-year comparisons are not available for this fund yet.

What is the minimum SIP amount?
The minimum SIP amount is ₹500.

What are the risk level, portfolio shape and exit load?
The fund is tagged High Risk. The top 10 holdings together account for 18.53% of the portfolio, and there is no exit load.

Bottom line

This is a young midcap index fund with a recent return path that is better than the benchmark over 1 year but still uneven over shorter windows. It trails the listed peer returns on the same 1-year lens, while its 3-year and 5-year record is not yet built. The portfolio is spread across 83 holdings, and the top positions are not overly dominant. That makes it a fit for investors who want low-cost midcap exposure and can stay patient through volatility.

Published on 17 September 2026 at 10:26 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.