JioBlackRock Flexi Cap Fund Sells 18 Stocks, Including Eternal, Reduces Holdings in 34 Others in September 2026

JioBlackRock Flexi Cap Fund sold its entire holdings in 18 stocks in September 2026, including Eternal and Ashok Leyland. It also cut its holdings in 34 companies and bought shares in new and existing investments, according to its monthly portfolio disclosure on ACE MF. 

The fund sold 11.36 lakh shares of Eternal worth ₹37.30 crore and 99,829 shares of Ashok Leyland worth ₹1.75 crore. Indraprastha Gas was another major exit, with 10.30 lakh shares sold during the month.  

The fund also sold 4.98 lakh shares of Edelweiss Financial Services and 2.42 lakh shares of Jammu & Kashmir Bank. 

Stakes in RIL, HDFC Bank and ITC Cut 

The fund sold 23,522 shares of Reliance Industries, reducing its holding from 8.38 lakh shares in August to 8.15 lakh in September. In HDFC Bank, it sold 1.51 lakh shares, leaving 26.41 lakh shares. 

Jamna Auto Industries recorded the largest reduction by share count among the other holdings, with 12.14 lakh shares sold. The fund also sold 10.79 lakh shares of ITC and 5.54 lakh shares of NTPC.  

Other companies where holdings fell included Infosys, JSW Steel, Tata Steel, Larsen & Toubro, Asian Paints and Sun Pharma. 

IDFC First Bank Among New Additions 

The fund added 8.72 lakh shares of IDFC First Bank, valued at ₹7.10 crore. Purchases also included 5.88 lakh shares of Bank of India, 5.60 lakh shares of GAIL (India) and 4.37 lakh shares of Redington. Aegis Logistics, Coforge and Kotak Mahindra Bank were among the other new stocks. 

In existing holdings, the fund bought 12.09 lakh additional shares of Ujjivan Small Finance Bank, taking its total holding to 42.23 lakh shares. It also added 5.69 lakh shares of AWL Agri Business. 

Portfolio and AUM in September 

The fund held 137 stocks across 31 sectors at the end of September, compared with 136 in August. Banks accounted for 19.83% of the portfolio, followed by automobiles and ancillaries at 11.24%. 

Assets under management fell to ₹3,175 crore from ₹3,274 crore in August 2026. The fund invests across large-cap, mid-cap and small-cap stocks and uses the Nifty 500 Index (TRI) as its benchmark. 

Read More: NFO Alert: SBI Mutual Fund Launches SBI BSE India Defence ETF! 

Conclusion  

At the end of September, banks accounted for 19.83% of the fund's portfolio, followed by automobiles and ancillaries at 11.24%. The portfolio covered 31 sectors. 

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.