JioBlackRock Nifty Next 50 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

JioBlackRock Nifty Next 50 Index Fund Direct Growth Plan has an NAV of ₹10.5088 as of 16 September 2026 and an AUM of ₹222 Cr. Its 1-year, 3-year and 5-year returns are 2.66%, 0% and 0% respectively, and it sits in the High Risk category. Our view is that this is best read as a newly launched index fund with a limited return history, so the current fit is more about accepting market-linked volatility in exchange for exposure to the Nifty Next 50 universe than about proven long-run compounding.

The fund has a low expense ratio of 0.15% and a relatively concentrated top-holdings profile, which makes cost efficiency a clear positive while keeping stock-specific swings relevant. For investors who want a passive equity allocation and are comfortable with a high-risk profile, the key question is whether the short operating history is sufficient for their horizon and return expectations.

Quick facts

Particular	Details
NAV	₹10.5088 as of 16 Sep 2026
AUM	₹222 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	-5.5%	-4.41%
3M	-2.31%	-3.6%
1Y	2.66%	-7.76%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

Recent performance has been mixed. Over 1 month, the fund declined more than the benchmark, but over 3 months it held up better than the benchmark, which tells us the short path has not been smooth even though the fund has recovered some ground at times. That kind of back-and-forth is normal for an equity index strategy focused on the next tier of large companies, but it also means the ride can feel uneven in the short run.

The 1-year return is positive at 2.66%, while the benchmark is negative over the same period. That is a useful sign, but it should be interpreted cautiously because the scheme launched only in August 2025, so the available history is still limited. We would place more weight on the broader pattern than on one good year alone: the fund has shown recovery after softer phases, but it has not yet built a deep track record.

Compared with the benchmark, the fund currently looks better on the 1-year measure and slightly better over 3 months, but weaker over 1 month. In other words, its recent behaviour is not a straight line; the shorter windows show movement around the benchmark rather than steady outperformance. For investors, the important point is that the strategy can lag in some stretches even when the longer window is healthier.

Because there is no 3-year or 5-year record yet, we would not treat the current numbers as evidence of durable long-term edge. The main read-through is that this is a young passive fund whose early results are acceptable relative to the benchmark, but whose future experience will still depend heavily on how the Nifty Next 50 segment behaves across market cycles.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD JioBlackRock Nifty Next 50 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 Next 50 Index Fund Direct Growth Plan	2.66%	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, the fund trails the stronger peer readings in this list, though the comparison is uneven because several peers have only a 1-year number available and no longer-term history in the table. That means the current fund does not stand out on the short window, but the peer set also does not give us a solid 3-year or 5-year comparison point for this scheme.

What matters most here is that the fund’s 1-year return is positive while the benchmark is negative, yet several peers posted much higher 1-year gains. So the short-term comparison looks softer than the strongest peer readings, while the absence of 3-year and 5-year figures means we cannot claim a mature longer-term edge or weakness versus those peers. The short-term and long-term stories are therefore not the same: the short-term peer gap is clear, but the longer-term comparison remains unformed for this fund.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Divi'S Laboratories Ltd	Healthcare	4.75%
TVS Motor Co Ltd	Automobile & Ancillaries	4.02%
Tata Motors Ltd	Domestic Equities	3.88%
Hindustan Aeronautics Ltd	Capital Goods	3.59%
Adani Power Ltd	Power	3.24%
Cholamandalam Investment and Finance Co Ltd	Finance	3.17%
Samvardhana Motherson International Ltd	Automobile & Ancillaries	2.97%
Torrent Pharmaceuticals Ltd	Healthcare	2.92%
Cummins India Ltd	Automobile & Ancillaries	2.72%
Bharat Petroleum Corporation Ltd	Crude Oil	2.58%

The top 10 holdings account for approximately 33.84% of the portfolio.

To see all holdings, visit the JioBlackRock Nifty Next 50 Index Fund Direct Growth Plan page

The largest holding is Divi'S Laboratories Ltd at 4.75%, which is sizeable but not dominant on its own. The gap from the first holding to the tenth holding is modest rather than extreme, with the tenth position still at 2.58%, so the top slice does not look like a single-stock bet.

That said, the top 10 together make up 33.84% of the portfolio, which suggests the fund may still be meaningfully influenced by a relatively short list of names. With 50 disclosed holdings in total, the rest of the portfolio is spread across a longer tail, so the fund is not overly dependent on just a handful of positions. Our view is that this kind of spread may soften single-stock dependence while still leaving stock selection in the index composition relevant.

Source data date: as of 16 Sep 2026

Who should invest

This fund is suited to investors who can handle High Risk exposure and are comfortable with equity-linked ups and downs. The return history is still short, so a longer horizon matters more here than near-term expectations. The main trade-off is straightforward: lower cost and broad exposure to the Nifty Next 50 space, but with meaningful market volatility and no long track record yet to lean on.

For investors building a passive equity allocation, this can fit as a satellite or growth-oriented component rather than a stability anchor. The recent numbers are better than the benchmark over 1 year, but shorter windows have been choppy, so patience is important. If you want a fund whose behaviour has already been tested across several market cycles, this is not yet that kind of product; if you can accept that limitation, the structure is simple and the portfolio is diversified across many names.

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 Next 50 Index Fund Direct Growth Plan?

The current NAV is ₹10.5088 as of 16 September 2026.

What are the fund’s 1-year, 3-year and 5-year returns?

The fund’s 1-year return is 2.66%, while the 3-year and 5-year returns are Data not available.

How does the fund compare with its benchmark?

Over 1 year, the fund has returned 2.66% against the benchmark’s -7.76%. Over 1 month and 3 months, the comparison is mixed, with the fund ahead over 3 months and behind over 1 month.

How does it compare with the peer funds listed here?

On the 1-year figures shown here, several peers have stronger returns, while this fund’s 1-year return is 2.66%. The table does not provide longer-term figures for those peers, so the comparison is mainly useful for the short window.

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 Anand Shah, Haresh Mehta and Tanvi Kacheria. There is no exit load.

Bottom line

This is a young High Risk index fund whose short-term behaviour has been mixed, but whose 1-year return is ahead of the benchmark. The peer table shows that several listed peers have delivered stronger 1-year numbers, while this fund still lacks a 3-year or 5-year record to judge enduring consistency. Its low expense ratio and 50-holding structure are positives, but the limited history means investors need to be comfortable with uncertainty and a market-linked path rather than a mature track record.

Published on 17 September 2026 at 10:30 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.