JioBlackRock Flexi Cap Fund Exits Swiggy, Adds ICICI Pru AMC In March Reshuffle

JioBlackRock Mutual Fund’s Flexi Cap Fund reduced the number of stocks in its portfolio to 107 in March from 118 in February, as per ACE MF reports.  

The changes involved a mix of complete exits, fresh additions, and adjustments to existing holdings during the month. 

Full Exits Across 21 Stocks 

The fund fully exited 21 stocks, including Swiggy, where nearly 6 lakh shares were sold, with an estimated value of ₹17.98 crore. 

The highest volume sale was in Yes Bank, with 48.77 lakh shares sold. Other exits included Allcargo Logistics (8.84 lakh shares), RattanIndia Enterprises (2.42 lakh shares), and Embassy Developments (1.20 lakh shares). 

Additional names in the exit list include Bharat Electronics, Shree Cement, Lupin, Kajaria Ceramics, Thyrocare Technologies and Gujarat Gas. 

New Additions to the Portfolio 

The fund added 10 new stocks in March. It bought 35,369 shares of ICICI Prudential Asset Management Company, valued at ₹9.91 crore. 

Other additions included 14.62 lakh shares of Samvardhana Motherson International and 6.42 lakh shares of NTPC. Smaller allocations were made to Lenskart Solutions, CIE Automotive India, MRF, Ceat, Bombay Burmah Trading Corporation, Schaeffler India and APL Apollo Tubes. 

Changes in Existing Positions 

Exposure was increased in 28 stocks, including State Bank of India (SBI), HDFC Bank, Infosys, Reliance Industries and ITC. 

At the same time, the fund reduced exposure in 24 stocks. This included selling 10.54 lakh shares of UCO Bank, along with cuts in Vishal Mega Mart and HCL Technologies. Holdings in Hero MotoCorp, Kotak Mahindra Bank and Tata Steel were also trimmed. 

Exposure remained unchanged in 44 stocks, including TCS, Titan Company and TVS Motor Company. 

Fund Details 

As of 31 March 2026, Assets Under Management (AUM) stood at ₹2,636 crore, compared with ₹2,764 crore in February. The fund is benchmarked to the Nifty 500 Index (TRI) and follows a multi-cap approach. 

Large-cap stocks accounted for 67.23% of the portfolio, while mid-cap and small-cap allocations stood at 11.05% and 18.9%, respectively. 

Read More: Mutual Funds Increase Stake in Top 5 Stocks in Q4 FY26! 

Conclusion 

The March data shows a broad reshuffle, with exits, additions and allocation changes across sectors, alongside a reduction in the overall number of holdings. 

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 are subject to market risks, read all the related documents carefully before investing.