JioBlackRock Money Market Fund vs Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
JioBlackRock Money Market Fund is a Money Market fund and Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund is an Index fund. In the year to 30-10-2026, JioBlackRock Money Market Fund (Direct) returned 6.2% and Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund (Direct) returned 6.5%. JioBlackRock Money Market Fund charges 0.16% a year and Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund 0.12% (Direct plans). Their portfolios overlap 14.3%: they hold 5 of the same securities.
JioBlackRock Money Market Fund
Money Market
- 1 year return
- 6.2%
- Expense ratio
- 0.16%
- NAV
- ₹1,082.54
Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund
Index
- 1 year return
- 6.5%
- Expense ratio
- 0.12%
- NAV
- ₹11.16
Which is better, JioBlackRock Money Market or Kotak CRISIL IBX Financial Services 3 6 Months Debt Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak CRISIL IBX Financial Services 3 6 Months Debt Index returned more over 1 year: 6.5% against 6.2%.
- Kotak CRISIL IBX Financial Services 3 6 Months Debt Index costs less: 0.12% a year against 0.16% (Direct plans).
- Kotak CRISIL IBX Financial Services 3 6 Months Debt Index fell less in its worst fall since 07-07-2025: −0.1% against −0.2%.
- JioBlackRock Money Market is the larger fund: ₹4,664 Cr against ₹236 Cr.
- Their portfolios overlap 14.3%: 5 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 Money Market Fund | Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund |
|---|---|---|
| Fund house | Jio BlackRock Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Money Market | Index |
| AUM | ₹4,664 Cr (30-09-2026) | ₹236 Cr (30-09-2026) |
| NAV | ₹1,082.54 (Direct) | ₹11.16 (Direct) |
| Expense ratio (Direct) | 0.16% | 0.12% |
| Expense ratio (Regular) | 0.36% | 0.36% |
| Riskometer | Low to Moderate | Low to Moderate |
| Benchmark | NIFTY Money Market Index A-I | CRISIL-IBX Financial Services 3-6 Months Debt Index |
| Launch date | 04-07-2025 | 07-03-2025 |
| Minimum investment | ₹500 | ₹100 |
| Lock in | None | None |
| Fund managers | Arun Ramachandran, Vikrant Mehta, Siddharth Deb | Manu Sharma |
| Exit load | NIL | NIL |
JioBlackRock Money Market vs Kotak CRISIL IBX Financial Services 3 6 Months Debt Index: 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 Money Market Fund (Direct) | +0.30% | +1.45% | +3.21% | +6.24% | -- | -- | -- |
| Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund (Direct) | +0.28% | +1.39% | +3.20% | +6.50% | -- | -- | -- |
| Money Market average | +0.33% | +1.49% | +3.29% | +6.35% | -- | -- | -- |
Category average: the average of the 27 Money Market funds, same plan type.
JioBlackRock Money Market vs Kotak CRISIL IBX Financial Services 3 6 Months Debt Index: Year-wise Returns
| Year | JioBlackRock Money MarketJioBlackRock Money Market | Kotak CRISIL IBX Financial Services 3 6 Months Debt IndexKotak CRISIL IBX Financial Services 3 6 Months Debt Index |
|---|---|---|
| 2026to date | +5.16% | +5.40% |
JioBlackRock Money Market vs Kotak CRISIL IBX Financial Services 3 6 Months Debt Index: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 78 of them, one for each trading day from 07-07-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
JioBlackRock Money Market Fund (Direct)
Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund (Direct)
to
Jul 2026Aug 2025
to
Aug 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| JioBlackRock Money Market | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.4% | 6.4% | 6.1% | 6.7% |
| Kotak CRISIL IBX Financial Services 3 6 Months Debt Index | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.7% | 6.7% | 6.5% | 7.0% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 07-07-2025. Past returns do not promise future returns.
JioBlackRock Money Market vs Kotak CRISIL IBX Financial Services 3 6 Months Debt Index: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 07-07-2025 to 30-10-2026: 16 instalments, ₹1,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| JioBlackRock Money MarketJioBlackRock Money Market Fund (Direct) | ₹1,60,000 | ₹1,66,984 | ₹6,984 | 6.2% |
| Kotak CRISIL IBX Financial Services 3 6 Months Debt IndexKotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund (Direct) | ₹1,60,000 | ₹1,67,234 | ₹7,234 | 6.5% |
JioBlackRock Money MarketJioBlackRock Money Market Fund (Direct)
Kotak CRISIL IBX Financial Services 3 6 Months Debt IndexKotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
JioBlackRock Money Market vs Kotak CRISIL IBX Financial Services 3 6 Months Debt Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | JioBlackRock Money Market Fund (Direct) | Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.24% | +6.50% |
| Standard deviation | 0.53% | 0.45% |
| Sharpe ratio | 1.89 | 2.78 |
| Sortino ratio | 2.93 | 4.44 |
| Maximum drawdown | −0.2% (22-05-2026) | −0.1% (22-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 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.
| Measure | JioBlackRock Money Market Fund (Direct) | Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.15% | +6.85% |
| Standard deviation | 0.48% | 0.41% |
| Sharpe ratio | 1.75 | 3.42 |
| Sortino ratio | 2.75 | 5.97 |
| Maximum drawdown | −0.2% (22-05-2026) | −0.1% (22-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 07-07-2025 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 Money Market Fund (Direct)
Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| JioBlackRock Money Market Fund (Direct) | −0.2% | 11-05-2026 | 22-05-2026 | 01-06-2026 | 10 days | 0.0% |
| Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund (Direct) | −0.1% | 14-10-2026 | 22-10-2026 | 29-10-2026 | 7 days | 0.0% |
From daily values since 07-07-2025, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
JioBlackRock Money Market Fund (Direct)
Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund (Direct)
JioBlackRock Money Market vs Kotak CRISIL IBX Financial Services 3 6 Months Debt Index: Portfolio Overlap
From each fund's latest monthly portfolio: JioBlackRock Money Market Fund, September 2026; Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund, September 2026
Holdings in common
- Overlap
- 14.3%
- Held by both
- 5
- Only in JioBlackRock Money Market
- 34
- Only in Kotak CRISIL IBX Financial Services 3 6 Months Debt Index
- 12
| Security | % of JioBlackRock Money Market | % of Kotak CRISIL IBX Financial Services 3 6 Months Debt Index |
|---|---|---|
| Canara Bank (12-Mar-2027) | 7.24% | 6.16% |
| Punjab National Bank (12-Mar-2027) | 4.16% | 10.26% |
| HDFC Bank Ltd (09-Mar-2027) | 2.08% | 10.26% |
| ICICI Bank Ltd (08-Mar-2027) | 1.04% | 2.05% |
| Union Bank of India (12-Mar-2027) | 0.83% | 6.16% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 14.3% means 14.3% 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 Money Market Fund
| Security | % of fund |
|---|---|
| Aditya Birla Capital Ltd (15-Dec-2026) | 9.51% |
| Bank of Baroda (05-Mar-2027) | 6.77% |
| ICICI Home Finance Co Ltd (24-Jun-2027) | 6.10% |
| 5.74% GOI 2026 (15-NOV-2026) | 5.47% |
| HDFC Bank Ltd (15-Jan-2027) | 4.21% |
Largest holdings only in Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund
| Security | % of fund |
|---|---|
| ADITYA BIRLA CAPITAL LTD | 10.30% |
| LIC HOUSING FINANCE LTD. | 10.26% |
| Export-Import Bank of India | 10.26% |
| BAJAJ HOUSING FINANCE LTD. | 10.25% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA | 6.14% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | JioBlackRock Money Market | Kotak CRISIL IBX Financial Services 3 6 Months Debt Index |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 101.1% | 97.5% |
| Cash and others | -1.1% | 2.5% |
JioBlackRock Money Market vs Kotak CRISIL IBX Financial Services 3 6 Months Debt Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | JioBlackRock Money Market Fund | Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.16% | 0.12% |
| Base expense ratio (Direct) | 0.13% | 0.10% |
| Total expense ratio (Regular) | 0.36% | 0.36% |
| Base expense ratio (Regular) | 0.30% | 0.30% |
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 Money Market Fund vs Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund: Frequently Asked Questions
What is the difference between JioBlackRock Money Market Fund and Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund?
JioBlackRock Money Market Fund is a Money Market fund, Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund is an Index fund, run by Jio BlackRock Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 14.3%. JioBlackRock Money Market Fund charges 0.16% a year and Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund 0.12%.
Which has given higher returns, JioBlackRock Money Market Fund or Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund?
Over 1 year: JioBlackRock Money Market Fund +6.24%, Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund +6.50%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, JioBlackRock Money Market Fund or Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund?
Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund charges less: 0.12% a year against 0.16%. These are the Direct plans' total expense ratios reported to AMFI.
How much do JioBlackRock Money Market Fund and Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund overlap?
14.3%. They hold 5 of the same securities, the largest shared ones being Canara Bank (12-Mar-2027), Punjab National Bank (12-Mar-2027), HDFC Bank Ltd (09-Mar-2027). From each fund's latest monthly portfolio.
Which is riskier, JioBlackRock Money Market Fund or Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund?
On SEBI's riskometer, JioBlackRock Money Market Fund is rated Low to Moderate and Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund Low to Moderate. Over 1 years, the standard deviation of daily returns was 0.53% and 0.45% a year.
Can I invest in both JioBlackRock Money Market Fund and Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund?
Yes. 14.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages JioBlackRock Money Market Fund and Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund?
JioBlackRock Money Market Fund: Arun Ramachandran, Vikrant Mehta, Siddharth Deb. Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund: Manu Sharma.
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.