Jio BlackRock MF Raises Stakes in HDFC Bank, ICICI Bank, MCX and HAL in December

Jio BlackRock Mutual Fund, a recent entrant to India’s asset management industry, made wide-ranging portfolio adjustments in December. 

Monthly disclosures indicate increased exposure across several large-cap and mid-cap stocks, selective stake reductions in others, and a few fresh additions.

Sector allocation remained diversified, with financial services continuing to hold the largest share.

Broad Increase in Stock Holdings

During December, Jio BlackRock Mutual Fund expanded its exposure across a significant number of listed companies. 

The additions covered a range of sectors, including banking, telecom, infrastructure, consumer goods, energy and industrials. Stocks where exposure was raised included HDFC Bank, ICICI Bank, Bharti Airtel, MCX, HAL, L&T, Titan, BPCL, ITC, Asian Paints and more, as per The Economic Times report.

These adjustments indicate a broad-based allocation approach as the fund house continues to build and balance its portfolios.

Select Reductions in Existing Positions

Alongside additions, the fund house trimmed its holdings in a limited set of stocks. Companies where stakes were reduced include TCS, SAIL, Power Grid Corporation, Thomas Cook (India), LTIMindtree, Bosch, Paytm, Maruti Suzuki, Infosys, UTI AMC, GAIL (India) and Nava.

These reductions reflect routine portfolio rebalancing rather than concentrated exits.

Fresh Stock Entries and Complete Exits

Four stocks were introduced as new exposures during the month. These included Avanti Feeds, Route Mobile, Va Tech Wabag and JSW Cement.

At the same time, the fund exited positions in Thomas Cook (India) and SKF India (including SKF India Industrial), closing exposure to these names.

Sector Allocation Snapshot

Industry-wise allocation shows financial services as the largest segment in the portfolio at 30.43%. Consumer discretionary followed with 12.89%, while industrials accounted for 9.81%. 

Commodities held 9.60%, information technology 8.34%, and energy 8.05%. This distribution reflects a diversified approach across cyclical and defensive sectors.

Read More: SEBI’s New Rules for Mutual Funds to Be Effective from April 1, 2026: Major Shift in Expense Ratio.

Conclusion

Jio BlackRock Mutual Fund’s December portfolio activity reflects ongoing portfolio construction and diversification efforts following its entry into the Indian asset management space. Stock additions, selective reductions and sector-balanced allocations suggest a measured approach to building long-term investment exposure, while maintaining moderate cash levels for operational flexibility.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

 Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.