JioBlackRock Large Cap Fund vs Zerodha Nifty 100 ETF
Direct Plan, Growth option · Data as on 30-10-2026
JioBlackRock Large Cap Fund is a Large Cap fund and Zerodha Nifty 100 ETF is an ETF fund. JioBlackRock Large Cap Fund charges 1.33% a year and Zerodha Nifty 100 ETF 0.28% (Direct plans). Their portfolios overlap 57.6%: they hold 45 of the same securities.
Which is better, JioBlackRock Large Cap or Zerodha Nifty 100 ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Zerodha Nifty 100 ETF costs less: 0.28% a year against 1.33% (Direct plans).
- JioBlackRock Large Cap fell less in its worst fall since 16-04-2026: −9.8% against −10.0%.
- Zerodha Nifty 100 ETF holds more in large companies: 97.9% of the fund in large caps against 82.5%.
- Zerodha Nifty 100 ETF is the larger fund: ₹165 Cr against ₹47 Cr.
- Their portfolios overlap 57.6%: 45 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | JioBlackRock Large Cap Fund | Zerodha Nifty 100 ETF |
|---|---|---|
| Fund house | Jio BlackRock Mutual Fund | Zerodha Mutual Fund |
| Category | Large Cap | ETF |
| AUM | ₹47 Cr (30-09-2026) | ₹165 Cr (30-09-2026) |
| NAV | ₹9.42 (Direct) | ₹10.09 (Direct) |
| Expense ratio (Direct) | 1.33% | 0.28% |
| Expense ratio (Regular) | 2.41% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | BSE 100 TRI | Nifty 100 TRI |
| Launch date | 10-04-2026 | 12-06-2024 |
| Minimum investment | ₹500 | In creation unit size of 765,000 units and in multiples thereafter |
| Lock in | None | None |
| Fund managers | Sahil Chaudhary, Tanvi Kacheria | Kedarnath Mirajkar |
| Exit load | Nil | Not available |
JioBlackRock Large Cap vs Zerodha Nifty 100 ETF: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| JioBlackRock Large Cap Fund (Direct) | −0.26% | −6.44% | −5.00% | -- | -- | -- | -- |
| Zerodha Nifty 100 ETF (Direct) | +1.04% | −5.28% | −2.92% | −8.69% | -- | -- | -- |
| Large Cap average | +0.62% | −4.36% | −1.05% | -- | -- | -- | -- |
Category average: the average of the 35 Large Cap funds, same plan type.
JioBlackRock Large Cap vs Zerodha Nifty 100 ETF: Year-wise Returns
| Year | JioBlackRock Large CapJioBlackRock Large Cap | Zerodha Nifty 100 ETFZerodha Nifty 100 ETF |
|---|---|---|
| 2026to date | -- | −9.32% |
| 2025 | -- | +10.15% |
JioBlackRock Large Cap vs Zerodha Nifty 100 ETF: Rolling Returns
Every holding period of both funds, against BSE 100 TRI, the benchmark of JioBlackRock Large Cap Fund
JioBlackRock Large Cap vs Zerodha Nifty 100 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | JioBlackRock Large Cap Fund (Direct) | Zerodha Nifty 100 ETF (Direct) |
|---|---|---|
| Return (CAGR) | −11.53% | −0.19% |
| Standard deviation | 11.36% | 13.27% |
| Sharpe ratio | -1.48 | -0.45 |
| Sortino ratio | -1.94 | -0.62 |
| Maximum drawdown | −9.8% (08-10-2026) | −17.2% (28-02-2025) |
| Beta | 0.94 | 1.00 |
| Alpha | −5.89% | −0.06% |
From daily NAVs, 16-04-2026 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
JioBlackRock Large Cap Fund (Direct)
Zerodha Nifty 100 ETF (Direct)
BSE 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| JioBlackRock Large Cap Fund (Direct) | −9.8% | 03-08-2026 | 08-10-2026 | Not yet | -- | −8.2% |
| Zerodha Nifty 100 ETF (Direct) | −10.0% | 03-08-2026 | 08-10-2026 | Not yet | -- | −7.2% |
| BSE 100 TRI | −9.7% | 06-08-2026 | 08-10-2026 | Not yet | -- | −7.0% |
From daily values since 16-04-2026, the first day every fund has.
JioBlackRock Large Cap vs Zerodha Nifty 100 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: JioBlackRock Large Cap Fund, September 2026; Zerodha Nifty 100 ETF, September 2026
Holdings in common
- Overlap
- 57.6%
- Held by both
- 45
- Only in JioBlackRock Large Cap
- 29
- Only in Zerodha Nifty 100 ETF
- 55
| Security | % of JioBlackRock Large Cap | % of Zerodha Nifty 100 ETF |
|---|---|---|
| HDFC Bank Ltd | 7.38% | 8.41% |
| ICICI Bank Ltd | 7.64% | 7.34% |
| Reliance Industries Ltd | 4.49% | 6.15% |
| Bharti Airtel Ltd | 6.25% | 4.14% |
| State Bank of India | 5.56% | 3.07% |
| Larsen & Toubro Ltd | 2.45% | 3.41% |
| Mahindra & Mahindra Ltd | 3.84% | 2.04% |
| Infosys Ltd | 2.01% | 2.72% |
| Bajaj Finance Ltd | 1.70% | 2.03% |
| Tata Consultancy Services Ltd | 1.82% | 1.62% |
| Titan Co Ltd | 2.41% | 1.47% |
| Axis Bank Ltd | 1.45% | 2.73% |
| Tata Steel Ltd | 3.53% | 1.18% |
| ITC Ltd | 1.15% | 1.96% |
| Ultratech Cement Ltd | 1.54% | 1.00% |
| HCL Technologies Ltd | 1.40% | 1.00% |
| NTPC Ltd | 0.91% | 1.19% |
| Sun Pharmaceutical Industries Ltd | 0.87% | 1.49% |
| Asian Paints Ltd | 1.02% | 0.84% |
| Coal India Ltd | 1.79% | 0.79% |
| Adani Ports and Special Economic Zone Ltd | 0.77% | 1.09% |
| TVS Motor Co Ltd | 0.89% | 0.75% |
| Nestle India Ltd | 1.98% | 0.73% |
| Oil & Natural Gas Corporation Ltd | 2.71% | 0.68% |
| Tata Motors Ltd | 0.88% | 0.68% |
| Samvardhana Motherson International Ltd | 0.68% | 0.56% |
| Apollo Hospitals Enterprise Ltd | 0.54% | 0.65% |
| JSW Steel Ltd | 0.52% | 0.93% |
| Hindustan Aeronautics Ltd | 0.50% | 0.69% |
| Hindalco Industries Ltd | 0.47% | 1.06% |
| Tech Mahindra Ltd | 0.41% | 0.75% |
| Indian Oil Corporation Ltd | 1.64% | 0.39% |
| Power Finance Corporation Ltd | 1.22% | 0.37% |
| GAIL (India) Ltd | 1.25% | 0.36% |
| Bajaj Holdings & Investment Ltd | 0.50% | 0.36% |
| Shriram Finance Ltd | 0.35% | 1.07% |
| HDFC Asset Management Co Ltd | 0.84% | 0.35% |
| Polycab India Ltd | 0.85% | 0.34% |
| Adani Power Ltd | 0.34% | 0.66% |
| Eicher Motors Ltd | 0.34% | 0.76% |
| Hitachi Energy India Ltd | 0.41% | 0.31% |
| Punjab National Bank | 1.67% | 0.30% |
| Divi's Laboratories Ltd | 0.22% | 0.91% |
| Pidilite Industries Ltd | 0.05% | 0.35% |
| Bharat Petroleum Corporation Ltd | 0.03% | 0.47% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 57.6% means 57.6% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in JioBlackRock Large Cap Fund
| Security | % of fund |
|---|---|
| Life Insurance Corporation Of India | 2.34% |
| Lupin Ltd | 2.08% |
| Yes Bank Ltd | 1.52% |
| Radico Khaitan Ltd | 1.51% |
| Nippon Life India Asset Management Ltd | 1.45% |
Largest holdings only in Zerodha Nifty 100 ETF
| Security | % of fund |
|---|---|
| Kotak Mahindra Bank Limited | 2.38% |
| Eternal Limited | 1.80% |
| Hindustan Unilever Limited | 1.29% |
| Maruti Suzuki India Limited | 1.21% |
| Bharat Electronics Limited | 1.08% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | JioBlackRock Large Cap | Zerodha Nifty 100 ETF |
|---|---|---|
| Equity | 99.6% | 99.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.4% | 0.1% |
Market cap of stocks
| Market cap | JioBlackRock Large Cap | Zerodha Nifty 100 ETF |
|---|---|---|
| Large Cap | 82.5% | 97.9% |
| Mid Cap | 15.9% | 2.0% |
| Small Cap | 1.2% | 0.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | JioBlackRock Large Cap | Zerodha Nifty 100 ETF |
|---|---|---|
| Banks | 26.1% | 25.1% |
| Petroleum Products | 6.2% | 7.0% |
| IT - Software | 6.4% | 6.7% |
| Telecom - Services | 6.4% | 4.4% |
| Automobiles | 6.3% | 6.4% |
| Finance | 4.1% | 6.2% |
| Ferrous Metals | 5.1% | 2.4% |
The six largest sectors of each fund's stocks, % of the fund.
JioBlackRock Large Cap vs Zerodha Nifty 100 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | JioBlackRock Large Cap Fund | Zerodha Nifty 100 ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.33% | 0.28% |
| Base expense ratio (Direct) | 0.50% | 0.22% |
| Total expense ratio (Regular) | 2.41% | Not available |
| Base expense ratio (Regular) | 1.61% | 0.00% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
JioBlackRock Large Cap Fund vs Zerodha Nifty 100 ETF: Frequently Asked Questions
What is the difference between JioBlackRock Large Cap Fund and Zerodha Nifty 100 ETF?
JioBlackRock Large Cap Fund is a Large Cap fund, Zerodha Nifty 100 ETF is an ETF fund, run by Jio BlackRock Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 57.6%. JioBlackRock Large Cap Fund charges 1.33% a year and Zerodha Nifty 100 ETF 0.28%.
Which has the lower expense ratio, JioBlackRock Large Cap Fund or Zerodha Nifty 100 ETF?
Zerodha Nifty 100 ETF charges less: 0.28% a year against 1.33%. These are the Direct plans' total expense ratios reported to AMFI.
How much do JioBlackRock Large Cap Fund and Zerodha Nifty 100 ETF overlap?
57.6%. They hold 45 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, JioBlackRock Large Cap Fund or Zerodha Nifty 100 ETF?
On SEBI's riskometer, JioBlackRock Large Cap Fund is rated Very High and Zerodha Nifty 100 ETF Very High. Over their common history, the standard deviation of daily returns was 11.36% and 13.27% a year.
Can I invest in both JioBlackRock Large Cap Fund and Zerodha Nifty 100 ETF?
Yes. 57.6% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages JioBlackRock Large Cap Fund and Zerodha Nifty 100 ETF?
JioBlackRock Large Cap Fund: Sahil Chaudhary, Tanvi Kacheria. Zerodha Nifty 100 ETF: Kedarnath Mirajkar.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.