JioBlackRock Arbitrage Fund
This is the Direct plan of JioBlackRock Arbitrage Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
NAV history
Scorecard
Not ratedHow this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.
Not enough Arbitrage Fund peers to rank yet
Volatility 1.5% vs 1.3% category avg
2.0% expense vs 1.5% category avg
Not enough history for a rolling 3Y view
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
No standout strengths identified.
Concerns
- More volatile than its Arbitrage Fund peers (1.5% vs 1.3%)
- High expense ratio (1.99%) vs the Arbitrage Fund average of 1.49%
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Arbitrage Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.88% | +0.72% | +0.16% |
| 3M abs | +1.66% | +1.56% | +0.10% |
| 6M abs | +3.34% | +3.18% | +0.16% |
| 1Y CAGR | — | +6.65% | — |
| 3Y CAGR | — | +7.20% | — |
| 5Y CAGR | — | +6.66% | — |
Category average across peers in Arbitrage Fund (up to 39 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
9 monthly installments of ₹10,000 into JioBlackRock Arbitrage Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | +5.29% | |
| 2025part | +0.25% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.
Recent changes
Expense-ratio, fund-manager, exit-load and minimum-investment changes we've picked up in the last 30 days.
- Expense ratio up: 1.93% → 1.99%02 Oct 2026
Taxation
Taxed as equityThis is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.
Flat, on the whole gain
On gains above ₹1.25 L per financial year
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Equity82.04%
- Other13.25%
- Debt4.15%
- Cash & Equivalents0.56%
Cash & cash-like: 13.25% — the 0.56% above plus treasury bills, certificates of deposit, commercial paper and TREPS, which the allocation files under Debt but the market counts as cash-equivalent.
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹566.93Cr in July - September 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
AMC Profile
Jio BlackRock Mutual Fund is a 50:50 joint venture between Jio Financial Services and BlackRock, the world's largest asset manager. It began operations in 2025 with debt schemes and is building out its index and active range.
Fund Managers
ASAnand ShahStart date not disclosed
Fund Manager and Dealer
• PGDBA from K.C. College of Management Studies • Bachelor in Commerce from Mumbai University
Mr. Anand Shah has been associated with the AMC since December 01, 2024. Past Experience: Jio Financial Services Limited (Special Projects) – June 03, 2024 – November 30, 2024. Aditya Birla Sun Life Insurance Company Limited (Chief Manager - Investment) – June 06, 2018 – May 29, 2024. BOI AXA Investment Managers Pvt Ltd. (Equity Dealer) – November 17, 2015 – June 01, 2018. Zyfin Capital Advisors Pvt Ltd (Product Manager – Equity) – June 01, 2013 – November 16, 2015. Daiwa Asset Management (India) Pvt Ltd. (Equity Dealer) – October 01, including assignments held during the last 10 years 2008 – June 26, 2013.
HMHaresh MehtaManaging since 05 May 2025
Fund Manager and Dealer
Mr. Haresh Mehta has been associated with the AMC since May 05, 2025. Bajaj Finserv Asset Management Limited - December 9, 2024 - April 25, 2025. Aditya Birla Sun Life AMC Limited - September 16, 2022 - November 26, 2024. Baroda BNP Paribas Asset Management India Private Limited - June 18, 2018, to August 31, 2022. First Global Stock Broking Private Limited - April 20, 2007 to June 15, 2018.
SDSiddharth DebManaging since 01 May 2025
Senior Fund Manager
MMS Finance from University of Mumbai B.Sc. (Zoology) from University of Kolkata
• JioBlackRock AMC (Senior Fund Manager) – May 1, 2025 – Present. • Nippon Life India Asset Management Limited (Fund Manager) – November 2016 – April 2025. • Goldman Sachs Asset Management India (Fund Manager) – August 2011 – November 2016.
ARArun RStart date not disclosed
Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
Explore from here
Jio BlackRock in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
Jio BlackRock MF introduces Income Plus Arbitrage Omni FOF
Investment Guru India · 15h ago
Jio Financial CEO Hitesh Sethia on Rs 1.5 Lakh Cr NBFC Runway, BofA Deal & Insurance launch
bfsi.economictimes.indiatimes.com · 14d ago
SIF AUM grows 5-fold in 6 months; should MF investors ride the momentum?
Business Standard · 27d ago
JioBlackRock AMC eyes ₹25,000 cr AUM target by FY27, launches new fund
Business Standard · 28d ago
JioBlackRock Flexi Cap Fund Review: Plans, NAV, Returns and Portfolio Analysis 2026
Univest · 21 Aug 2026
JioBlackRock Liquid Fund Review: Plans, NAV, Returns and Portfolio Analysis 2026
Univest · 21 Aug 2026
JioBlackRock Short Duration Fund Review: Plans, NAV, Returns and Portfolio Analysis 2026
Univest · 21 Aug 2026
JioBlackRock Arbitrage Fund Review: Plans, NAV, Returns and Portfolio Analysis 2026
Univest · 21 Aug 2026
Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Arbitrage funds
Arbitrage funds profit from small price gaps between the cash and futures markets rather than from market direction. Returns are usually modest and cash-like, but they are taxed as equity.
Frequently asked questions
What is the NAV of JioBlackRock Arbitrage Fund?
As of 05 Oct 2026, the NAV of JioBlackRock Arbitrage Fund is ₹10.56 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has JioBlackRock Arbitrage Fund delivered?
JioBlackRock Arbitrage Fund has returned +5.55% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of JioBlackRock Arbitrage Fund?
JioBlackRock Arbitrage Fund charges an expense ratio of 1.99% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of JioBlackRock Arbitrage Fund?
JioBlackRock Arbitrage Fund's largest holdings are JioBlackRock Money Market Fund - Direct Plan - Growth Option (10.6%), HDFC Bank Ltd (8.2%), Canara Bank (6.2%), Vodafone Idea Ltd (6.0%) and Canara Bank (28-Jan-2027) (4.2%). Holdings are disclosed monthly and change over time.
How risky is JioBlackRock Arbitrage Fund?
JioBlackRock Arbitrage Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.5% and its worst peak-to-trough fall in our sample was -0.4%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What is the benchmark of JioBlackRock Arbitrage Fund?
JioBlackRock Arbitrage Fund is benchmarked against the Nifty 50 Arbitrage (TRI). Its alpha and beta on this page are measured against that index.
Who manages JioBlackRock Arbitrage Fund?
JioBlackRock Arbitrage Fund is managed by Anand Shah, Haresh Mehta, Siddharth Deb and Arun R at Jio BlackRock.
How is JioBlackRock Arbitrage Fund taxed?
JioBlackRock Arbitrage Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.