JioBlackRock Flexi Cap Fund exits Eternal, Ashok Leyland and 16 more, trims stake in RIL, HDFC Bank and 32 others

JioBlackRock Flexi Cap Fund made a complete exit from Eternal, Ashok Leyland and 16 other stocks in September and reduced its stake in Reliance Industries, HDFC Bank and 32 other stocks during the same period, according to the monthly portfolio disclosed on ACE MF.

The fund sold 11.36 lakh shares of Eternal worth Rs 37.30 crore and nearly 99,829 shares of Ashok Leyland worth Rs 1.75 crore. Among the other 16 stocks, the fund sold the maximum number of shares in Indraprastha Gas.

The flexi cap fund sold 10.30 lakh shares of Indraprastha Gas, followed by 4.98 lakh shares of Edelweiss Financial Services and 2.42 lakh shares of The Jammu & Kashmir Bank.


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Nearly 1.35 lakh shares of Laurus Labs were sold, followed by 1.10 lakh shares of DLF. The other 11 stocks from which the fund made a complete exit were Thermax, Bombay Burmah Trading Corporation, GMM Pfaudler, Natco Pharma, AIA Engineering, General Insurance Corporation of India, ICICI Prudential Life Insurance, HDB Financial Services, Kalyan Jewellers, WeWork India Management, and FSN E-Commerce Ventures.

Exposure was reduced in nearly 34 stocks. Around 23,522 shares of RIL were sold, leaving the fund with 8.15 lakh shares in September compared to 8.38 lakh shares in the previous month.

It sold 1.51 lakh shares of HDFC Bank, holding nearly 26.41 lakh shares in the period under review. Among the other 32 stocks, the fund sold the maximum number of shares in Jamna Auto Industries, selling 12.14 lakh shares to leave 4.03 lakh shares in its portfolio.

Around 10.79 lakh shares of ITC were sold, followed by 5.54 lakh shares of NTPC, 3.94 lakh shares of Billionbrains Garage Ventures, 3 lakh shares of Lenskart Solutions, and 2.67 lakh shares of CESC.

The other 26 stocks in which the fund reduced its exposure included SAIL, Infosys, JSW Steel, Tata Steel, L&T, Bharat Petroleum Corporation, Asian Paints, Sun Pharma, PVR Inox, REC, BSE, ICICI Prudential AMC, MCX, and Honasa Consumer.

Aegis Logistics, Coforge, and Kotak Mahindra Bank were among the 19 new entrants in the portfolio. The fund added 8.72 lakh shares of IDFC First Bank worth Rs 7.10 crore, followed by 5.88 lakh shares of Bank of India, 5.60 lakh shares of GAIL (India), and 4.37 lakh shares of Redington.

The fund added 3.03 lakh shares of Electronics Mart India, 2.80 lakh shares of Equitas Small Finance Bank and 1.72 lakh shares of Star Health and Allied Insurance Company to its portfolio in September.

Some other names that the flexi cap fund added were Aegis Logistics, Kotak Mahindra Bank, Deepak Nitrite, Apollo Hospitals Enterprise, Coforge, Happy Forgings, and six others.

Exposure was increased in 38 stocks. The fund added 12.09 lakh shares of Ujjivan Small Finance Bank, holding nearly 42.23 lakh shares in the period under review. Around 5.69 lakh shares of AWL Agri Business were added, taking the total share count to 9.78 lakh in September. The fund also added 3.13 lakh shares of JSW Cement.

This was followed by the addition of 2.78 lakh shares of Gujarat Pipavav Port. Around 2.48 lakh shares of Castrol India were added, followed by 2.31 lakh shares of Bajaj Finance and 2.29 lakh shares of Power Finance Corporation.

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Other stocks where the fund increased exposure included SBI, Titan Company, Lupin, ONGC, Escorts Kubota, Balkrishna Industries, Marico, Aurobindo Pharma, TCS, Solar Industries, HDFC AMC, Dixon Technologies (India), LIC, Adani Energy Solutions, Ather Energy, and Siemens Energy India.

Exposure remained unchanged in 46 stocks. In September, the fund held 137 stocks in its portfolio compared to 136 stocks in the previous month. The portfolio was spread across 31 sectors with the highest allocation in banks at around 19.83%, followed by 11.24% in automobiles & ancillaries.

The fund had an AUM of Rs 3,175 crore in September compared to an AUM of Rs 3,274 crore as of August 2026.

JioBlackRock Flexi Cap Fund is an open-ended dynamic equity scheme investing across large-cap, mid-cap, and small-cap stocks. The fund is benchmarked against Nifty 500 Index (TRI) and is managed by Tanvi Kacheria and Sahil Chaudhary.

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