Multiple mutual funds from Jio BlackRock have entered the market this year. The NFO-related process was completed in October. Information about which stocks the Jio BlackRock Flexi Cap Mutual Fund has invested in has come to light for the first time. It shows that this mutual fund has invested in stocks of 141 companies.
Jio BlackRock has included multiple stocks from various sectors in its flexi-cap portfolio.
The investment has been broadly diversified across different companies. This fund has made its highest investments in two private banks of the country. It has invested 8.87 % of the total fund amount in HDFC Bank and 5.42 % in ICICI Bank. As a result, Jio BlackRock holds 16.24 lakh shares of HDFC Bank and 7.28 lakh shares of ICICI Bank. The investment in SBI, the country's largest state-owned bank, amounts to 3.84 %.
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The Jio BlackRock Flexi Cap Fund also has investments in heavyweight stocks like Reliance Industries and Infosys. The investments in these companies are 5.17 % and 4.12 % respectively. This mutual fund also holds 2 lakh 49 thousand shares of Adani Ports and Special Economic Zone. 1.06 % of the total fund has been invested in Mahindra & Mahindra. Jio BlackRock has invested 0.83 % in LIC and TVS Motors.
In terms of numbers, the Jio BlackRock mutual fund holds the highest number of shares in Tata Steel. This fund holds 18 lakh 57 thousand shares of this company. HDFC Bank comes next. As of October 31, this mutual fund's assets under management stood at Rs 1,808 crore.
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