JioBlackRock Mutual Fund October Portfolio: HDFC Bank, RIL, ITC in Top Holdings

JioBlackRock Mutual Fund, a recent entrant in India's mutual fund landscape, registered a total Assets Under Management (AUM) of ₹13,013 crore in October, as per Prime Database.  

The portfolio reveals a strong inclination towards established blue-chip companies across diverse sectors, positioning the fund to potentially capture gains from India's core economic drivers. 

Major Allocations in Banking and Energy Sectors 

HDFC Bank emerged as the top holding with a 7.64% allocation, equating to 17.89 lakh shares. ICICI Bank followed with a 4.69% share, amounting to 8.05 lakh shares. Both together composed a significant portion of the fund’s financial sector exposure.  

Reliance Industries held a 4.52% weight in the portfolio, valued at ₹104 crore, reinforcing the fund's strategy to include large-cap energy and conglomerate stocks. 

IT Sector Holdings Feature Prominently 

Infosys represented 3.47% of the equity AUM, comprising 5.41 lakh shares worth ₹80.28 crore. Tata Consultancy Services (TCS) and HCL Technologies were also part of the core holdings, with respective allocations of 2.26% and 1.86%. These reflect the fund’s confidence in India’s IT service exports and global demand for digital services. 

Read More: JioBlackRock Flexi Cap Fund Reveals Maiden Portfolio; AUM at ₹1,808 Crore Post NFO! 

Engineering, Telecom and FMCG Stocks Round Out Top 10 

Larsen & Toubro had a 2.75% allocation with 1.57 lakh shares worth ₹63.66 crore, indicating infrastructure exposure. Bharti Airtel accounted for 2.13%, representing 2.39 lakh shares valued at ₹49.20 crore. The fund also invested 1.67% in ITC (9.18 lakh shares) to integrate fast-moving consumer goods diversification. 

Conclusion 

JioBlackRock Mutual Fund’s October holdings reflect a diversified, large-cap focused equity strategy. With weightage spread across banking, energy, IT and core sectors, the fund appears to be structured for balanced growth in alignment with India’s broader economic outlook. 

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.