JioBlackRock Sector Rotation Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

JioBlackRock Sector Rotation Fund Direct Growth Plan currently has a NAV of ₹9.6735 as of 16 Sep 2026 and an AUM of ₹166 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the scheme sits in the High Risk category.

Our view is that this is still an early-stage equity strategy, so the near-term numbers matter more than long-range history here. With a concentrated equity portfolio, a Nifty 50 benchmark and no exit load, it will appeal more to investors who can tolerate sharp swings and want to watch how the strategy develops over time.

Quick facts

Particular	Details
NAV	₹9.6735 as of 16 Sep 2026
AUM	₹166 Cr
Expense Ratio	0.0%
Launch Date	13 Feb 2026
Min SIP	₹500
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
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	-4.2%	-4.41%
3M	-2.24%	-3.6%
1Y	0%	Data not available
3Y	0%	Data not available
5Y	0%	Data not available

The recent pattern looks weak in absolute terms, but it has still been slightly less negative than the benchmark over both 1 month and 3 months. That tells us the fund has not escaped volatility, yet its short-run behaviour has been a little better than the Nifty 50 in the latest stretch.

The longer horizon is not yet meaningful in the usual sense because the scheme launched in February 2026. The absence of a full 3-year or 5-year track record means we should treat the longer figures as placeholders rather than evidence of a mature compounding path.

Even so, the daily pattern in the recent period shows repeated small moves rather than a smooth trend. For investors, that means the fund may behave like an active equity allocation that can drift around the benchmark before a clearer record builds up.

Against the benchmark, the fund is not showing a strong lead or a deep lag over the short sample available. Our read is that the main question is less about past compounding and more about whether the sector-rotation approach can justify the added uncertainty once more history is available.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD JioBlackRock Sector Rotation?

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 Sector Rotation? Thinking of investing now?

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Peer comparison

Fund	1Y return	3Y return	5Y return
JioBlackRock Sector Rotation Fund Direct Growth Plan	0%	0%	0%
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan	69.8%	36.32%	Data not available
HDFC Pharma and Healthcare Fund Direct Growth Plan	25.31%	Data not available	Data not available
Kotak Healthcare Fund Direct Growth Plan	25.27%	Data not available	Data not available
Motilal Oswal Active Momentum Fund Direct Growth Plan	24.51%	Data not available	Data not available
PGIM India Healthcare Fund Direct Growth Plan	22.75%	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

The current fund’s 1-year return is far below the return figures shown for the peer funds, including several that are materially positive over the same period. That gap is understandable given the fund’s short operating history, but it still means the current record is much lighter than the peer set on a one-year view.

For 3-year and 5-year figures, the comparison is limited because the fund itself does not yet have a meaningful long-term track record. By contrast, the one peer with a 3-year figure available shows a much stronger longer-run return, so the short-term picture and the limited longer-term peer picture tell different stories.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
HDFC Bank Ltd	Bank	6.15%
ICICI Bank Ltd	Bank	5.92%
Reliance Industries Ltd	Crude Oil	4.54%
Bharti Airtel Ltd	Telecom	3.19%
State Bank of India	Bank	2.52%
Larsen & Toubro Ltd	Infrastructure	2.4%
Axis Bank Ltd	Bank	2.13%
ITC Ltd	FMCG	1.89%
Kotak Mahindra Bank Ltd	Bank	1.76%
Sun Pharmaceutical Industries Ltd	Healthcare	1.71%

The largest holding, HDFC Bank Ltd, carries a 6.15% weight, which is meaningful but not extreme for a single stock position. The drop from the first holding to the tenth, Sun Pharmaceutical Industries Ltd at 1.71%, suggests a moderate taper rather than a very heavy concentration in just one or two names.

The top 10 holdings together account for approximately 32.21% of the portfolio, so the visible core is important but not dominant enough to tell the whole story. Because the scheme discloses 43 holdings in total, the remaining positions likely form a longer tail that may spread influence beyond the names listed here.

That mix points to a portfolio where the biggest banks and a few large business groups may still shape short-term outcomes, but the broader list of holdings could help prevent the fund from depending on only a handful of stocks. Even so, the top end of the portfolio is large enough that changes in the leading positions may have greater influence on returns.

To see all holdings, visit the JioBlackRock Sector Rotation 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 can wait through a choppy early track record. The short-run numbers are weak in absolute terms, while the benchmark comparison shows only a modest edge in the latest month and quarter, so the experience may remain uneven for a while.

It fits a longer investment horizon rather than a short trading view, especially because the scheme does not yet have a mature 3-year or 5-year record. Investors who accept that the portfolio may lean on a few large holdings and who are willing to track the strategy as it builds history may find the fund easier to evaluate than someone looking for a steadier path.

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 applies.

Source data date: as of 16 Sep 2026

Frequently asked questions

What is the current NAV of JioBlackRock Sector Rotation Fund Direct Growth Plan?
The current NAV is ₹9.6735 as of 16 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%.

How has the fund performed against the benchmark recently?
The fund has been slightly less negative than Nifty 50 over both 1 month and 3 months, but the difference is modest.

How does it compare with the peer funds on one-year returns?
Its 1-year return is below the one-year figures shown for the peer funds, while the peers with longer records also show stronger long-run numbers where available.

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, and no exit load applies.

Bottom line

JioBlackRock Sector Rotation Fund Direct Growth Plan is still building its record, so the recent picture matters more than any long-term trend. Short-run performance has been weak, though it has edged the benchmark in the latest month and quarter, and that leaves the fund looking more experimental than established. The portfolio is not fully concentrated, but the top holdings still carry enough weight to matter. For investors who can accept High Risk equity behaviour and want a new strategy with a sector-rotation tilt, this is a fund to watch rather than a fund that has yet proven a long history.

Published on 17 September 2026 at 1:40 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.