JioBlackRock Flexi Cap Fund made a complete exit from Adani Enterprises, Adani Ports and Special Economic Zone, and three other stocks in May, while adding Tata Motors and 14 other stocks as new entrants to the portfolio during the same period, according to the monthly disclosure (Source: ACE MF).
The flexicap fund sold 40,731 shares of Adani Enterprises in May, with a market value of Rs 9.80 crore. It also exited 76,122 shares of Adani Ports and Special Economic Zone.
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The other three stocks from which the fund made a complete exit in May were MRF (866 shares), Castrol India (1.32 lakh shares), and Cyient (1.16 lakh shares).
The direct-plan-only fund added around 15 stocks to its portfolio as new entrants during the month. Tata Motors saw the highest addition, with around 6.06 lakh shares added, followed by Bharat Heavy Electricals (3.41 lakh shares) and AWL Agri Business (2.03 lakh shares).
Other new entrants to the portfolio in May included Asian Paints, UltraTech Cement, DLF, Arvind, Chennai Petroleum Corporation, Kansai Nerolac Paints, Kajaria Ceramics, Lupin, Cemindia Projects, Pine Labs, Acutaas Chemicals, and Delhivery.
The fund also increased exposure to 22 existing holdings during the period. It added around 13.39 lakh shares of SAIL, taking its total holding to 20.11 lakh shares in May from 6.72 lakh shares in April. It also bought 6.91 lakh shares of CESC, taking its total holding to 9.54 lakh shares.
Nearly 5.38 lakh shares of Kotak Mahindra Bank and 3.16 lakh shares of The Federal Bank were added to the portfolio in May. The fund also added 1.96 lakh shares of Jamna Auto Industries, taking its total holding to 16.17 lakh shares.
Some of the other stocks where the flexicap fund increased its exposure included Titan Company, HDFC Bank, Hero MotoCorp, Infosys, JSW Steel, Reliance Industries, M&M, Nestle India, Apollo Tyres, Bharti Airtel, TCS, BSE, Dr. Lal PathLabs, and four others.
The fund reduced exposure to nearly 30 stocks in May. It sold around 6.34 lakh shares of ITC, followed by 5.74 lakh shares of Samvardhana Motherson International and 2.69 lakh shares of HPCL.
Among the other 27 stocks where the fund trimmed its stake were SBI, Max Financial Services, Escorts Kubota, L&T, Britannia Industries, Ceat, ICICI Bank, Marico, TVS Motor Company, Tech Mahindra, MCX, Polycab India, Eternal, and IndiGo (InterGlobe Aviation).
Exposure remained unchanged in 60 stocks, including Vedanta Aluminium, Vedanta Iron and Steel, Ather Energy, Lenskart Solutions, Kalyan Jewellers, Vedanta Power, SBI Life Insurance Company, Nippon India Life AMC, ICICI Prudential AMC, Yes Bank, Oracle Financial Services Software, Axis Bank, Tata Steel, and Vedanta.
In May, the fund held 127 stocks in its portfolio, up from 117 in April. The portfolio was spread across 32 sectors, with banks accounting for 20.50%, automobiles and ancillaries 10.86%, and IT 6.75%.
As a percentage of NAV, the fund had its highest exposure to HDFC Bank at 7.23%, followed by ICICI Bank at 5.59%.
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In May, JioBlackRock Flexi Cap Fund had an AUM of Rs 3,093 crore compared with Rs 3,030 crore as of April 30, 2026.
It is an open-ended dynamic equity scheme that invests across large-cap, mid-cap and small-cap stocks. The fund is benchmarked against the Nifty 500 Index (TRI) and is managed by Tanvi Kacheria and Sahil Chaudhary.
The exit load is nil. The minimum application amount for lump sum and switch-in investments is Rs 500 and any amount thereafter. For SIPs, the minimum investment amount is Rs 500, with subsequent instalments in multiples of Re 1, and a minimum of six instalments.
(Disclaimer: Recommendations, suggestions, views and opinions expressed by experts are their own and do not represent the views of The Economic Times.)
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