JioBlackRock Flexi Cap Fund exits Vedanta group companies after demerger, sells 8 more stocks

JioBlackRock Flexi Cap Fund made a complete exit from Vedanta group companies following the demerger in June, along with eight other stocks in its portfolio during the same period, according to monthly portfolio data disclosed by ACE MF.

The flexi cap fund exited Vedanta Aluminium Metal, Vedanta Iron and Steel, Vedanta Power, and Vedanta Oil and Gas, among others, in June. The demerged entities of Vedanta were listed on June 15, 2026, after which the fund sold 8.16 lakh shares each of the Vedanta group companies.

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The other eight stocks from which the flexi cap fund exited were Rashtriya Chemicals and Fertilizers, JK Tyre & Industries, KRBL, TVS Motor Company, Indian Bank, Tata Capital, Nuvoco Vistas Corporation and V-Mart Retail.

Among these eight stocks, around 1.99 lakh shares of Tata Capital were sold from the portfolio, followed by 1.85 lakh shares of Rashtriya Chemicals and Fertilizers and 1.59 lakh shares of JK Tyre & Industries during the same period.

Adani Energy Solutions and 20 other stocks were new additions to the portfolio in June. Around 48,389 shares of Adani Energy Solutions were added during the period.

The fund also added 4.98 lakh shares of Edelweiss Financial Services, 2.75 lakh shares of Bajaj Finserv, and 2.48 lakh shares of Coal India to its portfolio during the period.

Among the other 17 stocks added as new entrants were Siemens Energy India, Kirloskar Oil Engines, AIA Engineering, Shriram Finance, Berger Paints India, Bajaj Holdings & Investment, Bajaj Finance, and Piramal Finance, among others.

The fund hiked its holding in nearly 24 stocks. Around 16.23 lakh shares of ONGC were added to the portfolio, taking its holding to 18.22 lakh shares in June compared with 1.99 lakh shares in May.

The fund also added 10.38 lakh shares of SAIL and 3.32 lakh shares of BHEL to its portfolio. Other stocks where the fund increased its exposure included Nestle India, Asian Paints, JM Financial, Bharti Airtel, Radico Khaitan, UltraTech Cement, TCS, BSE, Delhivery, Honasa Consumer, Infosys, Tata Steel, and M&M.

The fund reduced its exposure in nearly 33 stocks. It sold 22.82 lakh shares of Sagility, with its holding declining to 5.22 lakh shares in June from 28.05 lakh shares in May.

The fund also sold 5.19 lakh shares of Kotak Mahindra Bank, reducing its holding to around 41,581 shares. This was followed by a sale of 4.71 lakh shares of Indraprastha Gas during June.

Other stocks where the fund reduced its stake included PVR Inox, ITC, Britannia Industries, Aurobindo Pharma, Natco Pharma, NTPC, Sun Pharmaceutical Industries, Tech Mahindra, ICICI Prudential Asset Management, MCX, InterGlobe Aviation, Laurus Labs, and SBI.

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The exposure remained unchanged in nearly 57 stocks compared with the previous month. The fund had nearly 136 stocks in its portfolio in June, compared with 127 stocks in May. The fund’s portfolio was spread across 32 sectors.

The fund had the highest allocation of 18.97% to banks, followed by 9.94% to automobiles and ancillaries.

JioBlackRock Flexi Cap Fund had an AUM of Rs 3,211 crore in June, compared with Rs 3,093 crore as of May 2026.

It is an open-ended dynamic equity scheme investing 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 lumpsum investments and switch-ins to the scheme is Rs 500, and any amount thereafter. For SIP investments, the minimum application amount is Rs 500, in multiples of Re 1 thereafter, with a minimum of six instalments.

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