JioBlackRock Mutual Fund, a new entrant in the mutual fund industry, reported a total AUM of Rs 15,258 crore in March. The fund’s highest holdings included HDFC Bank and ICICI Bank, at around 7.05% and 4.89% of equity AUM, respectively. It held 37.34 lakh shares of HDFC Bank and 15.71 lakh shares of ICICI Bank.
Additionally, the fund allocated 4.03% to Bharti Airtel, with 8.77 lakh shares valued at Rs 156.32 crore. Reliance Industries accounted for 3.70% of the portfolio, with 10.68 lakh shares worth Rs 143.63 crore. Larsen & Toubro had a 3.08% allocation, with 3.40 lakh shares valued at Rs 119.27 crore.
The fund also held 3.02% in SBI, with 11.95 lakh shares worth Rs 117.14 crore, and 2.38% in Infosys, with 7.38 lakh shares valued at Rs 92.33 crore. Other holdings included M&M at 2.32%, ITC at 2.14%, and MCX at 1.55%.
