JioBlackRock Flexi Cap Fund Overhauls Holdings: Adds Hindustan Zinc, 9 Other Stocks; Exits L&T Finance & 16 More in January Shuffle

The January portfolio revision of JioBlackRock Flexi Cap Fund shows a mix of new additions and complete exits, reflecting the fund’s dynamic equity approach across large, mid and small cap segments. 

Portfolio Changes in January 

As per ACE Mutual Fund report, the fund introduced 2,41,000 shares of Hindustan Zinc valued at ₹15.17 crore. Additional purchases included 7,45,000 shares of The Federal Bank, 7,19,000 shares of Mangalore Refinery and Petrochemicals and 2,42,000 shares of RattanIndia Enterprises.  

In contrast, the fund sold its entire holding in L&T Finance, disposing 6,72,000 shares, and exited 16 other stocks such as Asian Paints, Maruti Suzuki India and LTIMindtree. Smaller disposals comprised 1,29,000 shares of National Fertilizers, 89,403 shares of Capri Global Capital and 882 shares of Maruti Suzuki India. 

Sector Allocation and Top Holdings 

After the revisions the fund held 125 stocks across 29 sectors, down from 132 the previous month. The largest allocation remained with HDFC Bank at 8.80%, followed by ICICI Bank at 6.17% and Bharti Airtel at 4.15%.  

The fund increased its stake in Yes Bank by 36,60,000 shares, bringing the total to 48,77,000 shares. Other notable additions were 11,28,000 shares of ITC and 9,24,000 shares of Eternal. Reductions were made in 17 stocks including BEL, Kotak Mahindra Bank and Wipro. 

Read More: JioFinance Share Price in Focus After App Introduces Fixed Deposit Platform for Banks and NBFCs! 

Performance Snapshot 

As of 31 January 2026, the fund’s assets under management stood at ₹2,613 crore with a composition of 68.23% large cap, 14.28% mid cap, 15.48% small cap, and 2.01% other caps. 

 Since inception, the fund has delivered a return of 3.60%. In the last 3 months, it posted a return of 1.87% against a benchmark gain of 0.53%. 

Conclusion 

January saw JioBlackRock Flexi Cap Fund broaden its holdings with Hindustan Zinc and several other equities while fully exiting L&T Finance and a range of other stocks, resulting in a slightly leaner portfolio with continued emphasis on large cap exposure. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or 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 scheme-related documents carefully.