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JioBlackRock Flexicap Reshuffles Portfolio With 19 Buys, 18 Exits
JioBlackRock Flexicap is a fund that owns shares in many companies.
In September, it added 19 stocks and sold all of 18 others.
It also bought more shares in 38 companies and reduced its holdings in 34.
Its investments covered different industries, such as banking, healthcare, logistics and chemicals.
At the end of September, almost all of the fund was invested in shares.
Banks made up its biggest industry group.
The fund lost value over one and three months but gained value over six months.
The article does not say why managers made these changes or whether they will help the fund later.
The fund added 19 stocks and exited 18 in its September portfolio reshuffle.
New additions included Redington, Apollo Hospitals Enterprise, GAIL (India), Star Health and Allied Insurance, and Bank of India.
The fund increased holdings in 38 stocks and reduced holdings in 34 others.
As of September 30, equity made up 99% of the portfolio; banks were its largest sector allocation at 19.8%.
The fund returned -5.33% over one month and -2.56% over three months, while gaining 8.14% over six months.
- Who
- JioBlackRock Flexicap.
- What
- The fund made 19 fresh stock additions, exited 18 stocks, increased holdings in 38 stocks and reduced holdings in 34.
- Where
- When
- The portfolio update was for September; performance figures were reported as of September 30.
- Why
- The article does not establish why the fund made the portfolio changes.
Key facts
- Fresh additions
- 19 stocks
- Complete exits
- 18 stocks
- Increased holdings
- 38 stocks
- Reduced holdings
- 34 stocks
- Equity exposure
- 99% as of September 30
- Largest sector allocation
- Banks, at 19.8%
- Returns
- One month: -5.33%; three months: -2.56%; six months: 8.14%
Sources
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