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

JioBlackRock Short Term Fund Direct Growth Plan is a debt fund with a current NAV of ₹1038.9733 as of 16 September 2026 and scheme AUM of ₹112 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and it sits in the Balanced Risk category.

Our view is that this is better read as a short-duration debt allocation with a relatively steady portfolio mix than as a return-chasing option. The fund’s current behaviour is modest, while its holding book is led by sovereign paper, corporate debt and short-dated certificates of deposit, which may suit investors who want debt exposure with a controlled risk profile.

Quick facts

Particular	Details
NAV	₹1,038.9733 as of 16 Sep 2026
AUM	₹112 Cr
Expense Ratio	0.0%
Launch Date	19 Jan 2026
Min SIP	₹500
Risk Category	Balanced Risk
Benchmark	Nifty 50
Fund Category	Debt
Exit Load	No exit load
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 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.19%	-4.41%
3M	1.58%	-3.6%
1Y	Data not available	Data not available
3Y	Data not available	Data not available
5Y	Data not available	Data not available

Near-term numbers are the clearest signal available here. The fund has been mildly positive over 1 month and 3 months, while the benchmark has been negative over the same periods. That gap points to a more stable short-run path for the fund than for the equity index, even though the fund’s own gains are still small.

The time pattern also looks fairly restrained rather than sharply trending. Over the 3-month window, the fund moved in narrow steps with a late improvement, while the benchmark saw a much wider slide and a partial rebound. That combination suggests the fund has absorbed the recent period with less volatility than the benchmark, which is consistent with its debt-oriented structure.

We do not yet have meaningful longer-horizon return history for this scheme, so the cleaner read is on how it has behaved since launch. On that basis, the fund has held up better than the benchmark in the short term, but the return profile remains modest and does not show strong compounding yet.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD JioBlackRock Short Term?

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 Short Term Fund Direct Growth Plan	Data not available	Data not available	Data not available
Tata Ultra Short Term Fund Direct Growth Plan	7.03%	7.51%	6.76%
Aditya Birla SL Ultra Short Term Fund Direct Growth Plan	6.68%	7.48%	6.74%
ICICI Pru Short Term Fund Direct Growth Plan	6.23%	7.75%	7.11%
Axis Short Term Fund Direct Growth Plan	5.96%	7.74%	6.76%
Mahindra Manulife Short Term Fund Direct Growth Plan	5.86%	7.68%	6.6%

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

The current scheme’s near-term return profile is still thin beside the peer set, which all have visible 1-year numbers in the mid-single digits. In the longer horizons where peers have reported figures, the gap remains wide: the peer funds show 3-year results around the high-7% area and 5-year results mostly in the mid-to-high 6% range, while this scheme does not yet have comparable history to demonstrate the same pattern.

That means the short-term comparison and the longer-term comparison tell different stories only in one sense: the peer funds have established track records, while this fund is still very early in its life. For now, its own short-run behaviour is more relevant than any long-horizon comparison, because the available history is too limited for a deeper read.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
6.94% GOI 2036 (11-May-2036)	Government Securities	13.34%
6.95% REC Ltd (18-Feb-2028) **	Corporate Debt	8.84%
6.68% LIC Housing Finance Ltd (04-Jun-2028) **	Corporate Debt	8.75%
Bank of Baroda (05-Mar-2027) **	Certificate of Deposit	8.61%
HDFC Bank Ltd (05-Mar-2027) **	Certificate of Deposit	8.61%
National Bank for Agriculture & Rural Development (02-Mar-2027) **	Certificate of Deposit	8.61%
Mahindra & Mahindra Financial Services Ltd (25-Feb-2027) **	Commercial Paper	8.6%
Punjab National Bank (09-Mar-2027) **	Certificate of Deposit	8.6%
Union Bank of India (12-Mar-2027) **	Certificate of Deposit	8.6%
Small Industries Development Bank of India (11-Aug-2027) **	Certificate of Deposit	8.32%

The top 10 holdings account for approximately 90.88% of the portfolio.

To see all holdings, visit the JioBlackRock Short Term Fund Direct Growth Plan page

The largest holding is the 6.94% GOI 2036 position at 13.34%, which gives sovereign debt the biggest single influence in the disclosed book. After that, the weights stay fairly clustered: the next nine holdings mostly sit between 8.32% and 8.84%, so the drop from first to tenth is not steep.

That pattern suggests the portfolio is concentrated in a relatively small set of large positions rather than spread thinly across many minor lines. With 13 total disclosed holdings and 90.88% covered by the top 10, the tail beyond the displayed list is likely to matter less than the core positions, although it still adds breadth. In practical terms, movements in the sovereign bond, corporate debt and deposit segments are likely to have greater influence than any single small residual line.

Source data date: as of 16 Sep 2026

Who should invest

This fund may suit investors who are comfortable with debt-style risk and want a portfolio that has so far moved more steadily than the benchmark. The Balanced Risk label, the modest positive recent returns and the sovereign-heavy top holding point to a relatively controlled profile rather than an aggressive return story.

The better fit is likely to be a medium- to longer-horizon investor who can accept that the scheme is still young and does not yet have a long return history. The main trade-off is that the fund appears steadier than the benchmark in the near term, but it has not yet built the kind of multi-year track record that would support a stronger long-horizon assessment.

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 Short Term Fund Direct Growth Plan?

The current NAV is ₹1038.9733 as of 16 September 2026.

What are the fund’s recent returns?

Its 1-month return is 0.19% and its 3-month return is 1.58%. The 1-year, 3-year and 5-year fields are not available for this scheme.

How has it performed against the benchmark?

It has done better than the benchmark over both recent periods shown. The fund is positive for 1 month and 3 months, while the benchmark is negative over the same spans.

How does it compare with peer funds on available return data?

Its available return history is much shorter than the peer funds listed here. The peers show visible 1-year, 3-year and 5-year figures, while this scheme does not yet have comparable long-horizon return data.

What is the minimum SIP amount?

The minimum SIP amount is ₹500.

What is the risk profile, and who manages the fund?

The fund is in the Balanced Risk category and is managed by Vikrant Mehta, Siddharth Deb and Arun Ramachandran. Its top holdings are led by sovereign and high-quality debt instruments, which supports the fund’s debt-oriented profile.

Bottom line

This scheme’s recent picture is steadier than the benchmark, but its long-horizon return record is still too short to judge it on the same footing as older peers. The peer funds show established 1-year, 3-year and 5-year histories, while this fund is still in an early stage. Its Balanced Risk profile, no exit load and sovereign-led portfolio may appeal to investors looking for a controlled debt allocation rather than a high-return story.

Published on 17 September 2026 at 1:27 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.