JioBlackRock Nifty Smallcap 250 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

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.

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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

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.