JioBlackRock Sector Rotation Fund vs Union Equity Savings Fund
Direct Plan, Growth option · Data as on 30-10-2026
JioBlackRock Sector Rotation Fund is a Thematic fund and Union Equity Savings Fund is an Equity Savings fund. JioBlackRock Sector Rotation Fund charges 0.80% a year and Union Equity Savings Fund 2.11% (Direct plans). Their portfolios overlap 37.1%: they hold 61 of the same securities.
JioBlackRock Sector Rotation Fund
Thematic
- Expense ratio
- 0.80%
- NAV
- ₹9.43
Which is better, JioBlackRock Sector Rotation or Union Equity Savings? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- JioBlackRock Sector Rotation costs less: 0.80% a year against 2.11% (Direct plans).
- Union Equity Savings fell less in its worst fall since 19-02-2026: −4.4% against −12.5%.
- JioBlackRock Sector Rotation holds more in large companies: 68.3% of the fund in large caps against 42.8%.
- JioBlackRock Sector Rotation is the larger fund: ₹161 Cr against ₹114 Cr.
- Their portfolios overlap 37.1%: 61 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 Sector Rotation Fund | Union Equity Savings Fund |
|---|---|---|
| Fund house | Jio BlackRock Mutual Fund | Union Mutual Fund |
| Category | Thematic | Equity Savings |
| AUM | ₹161 Cr (30-09-2026) | ₹114 Cr (30-09-2026) |
| NAV | ₹9.43 (Direct) | ₹17.94 (Direct) |
| Expense ratio (Direct) | 0.80% | 2.11% |
| Expense ratio (Regular) | 1.92% | 2.60% |
| Riskometer | Very High | Moderately High |
| Benchmark | Nifty 500 TRI | CRISIL Equity Savings Index (TRI)# #CRISIL Benchmark Disclaimer: CRISIL Indices are the sole property of CRISIL Limited |
| Launch date | 13-02-2026 | 09-08-2018 |
| Minimum investment | ₹500 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Sahil Chaudhary, Tanvi Kacheria | Sanjay Bembalkar, Gaurav Chopra, Parijat Agrawal |
| Exit load | Nil | Exit load of 1%, if redeemed within 15 days. |
JioBlackRock Sector Rotation vs Union Equity Savings: 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 Sector Rotation Fund (Direct) | −0.77% | −5.74% | −2.70% | -- | -- | -- | -- |
| Union Equity Savings Fund (Direct) | −0.44% | −1.10% | +1.18% | +0.67% | +6.60% | +5.74% | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | -- | -- | -- | -- |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | +7.55% | -- |
Category average: the average of the 235 Thematic funds and the 23 Equity Savings funds, same plan type.
JioBlackRock Sector Rotation vs Union Equity Savings: Year-wise Returns
| Year | JioBlackRock Sector RotationJioBlackRock Sector Rotation | Union Equity SavingsUnion Equity Savings |
|---|---|---|
| 2026to date | -- | +0.39% |
| 2025 | -- | +5.49% |
| 2024 | -- | +8.94% |
| 2023 | -- | +12.03% |
| 2022 | -- | +2.36% |
| 2021 | -- | +9.35% |
JioBlackRock Sector Rotation vs Union Equity Savings: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of JioBlackRock Sector Rotation Fund
JioBlackRock Sector Rotation vs Union Equity Savings: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | JioBlackRock Sector Rotation Fund (Direct) | Union Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.88% | +7.35% |
| Standard deviation | 15.17% | 5.70% |
| Sharpe ratio | -0.87 | 0.37 |
| Sortino ratio | -1.15 | 0.49 |
| Maximum drawdown | −12.5% (30-03-2026) | −14.4% (23-03-2020) |
| Beta | 0.97 | -- |
| Alpha | −0.68% | -- |
From daily NAVs, 19-02-2026 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 Sector Rotation Fund (Direct)
Union Equity Savings Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| JioBlackRock Sector Rotation Fund (Direct) | −12.5% | 23-02-2026 | 30-03-2026 | 06-07-2026 | 3 months | −7.5% |
| Union Equity Savings Fund (Direct) | −4.4% | 23-02-2026 | 30-03-2026 | 18-06-2026 | 3 months | −2.1% |
| Nifty 500 TRI | −12.6% | 23-02-2026 | 30-03-2026 | 06-07-2026 | 3 months | −7.9% |
From daily values since 19-02-2026, the first day every fund has.
JioBlackRock Sector Rotation vs Union Equity Savings: Portfolio Overlap
From each fund's latest monthly portfolio: JioBlackRock Sector Rotation Fund, September 2026; Union Equity Savings Fund, September 2026
Holdings in common
- Overlap
- 37.1%
- Held by both
- 61
- Only in JioBlackRock Sector Rotation
- 235
- Only in Union Equity Savings
- 20
| Security | % of JioBlackRock Sector Rotation | % of Union Equity Savings |
|---|---|---|
| HDFC Bank Ltd | 6.36% | 4.85% |
| ICICI Bank Ltd | 5.57% | 3.63% |
| Bharti Airtel Ltd | 3.20% | 2.65% |
| Reliance Industries Ltd | 4.37% | 2.33% |
| Axis Bank Ltd | 2.08% | 2.18% |
| Kotak Mahindra Bank Ltd | 1.81% | 2.37% |
| Bajaj Finance Ltd | 1.34% | 3.04% |
| State Bank of India | 2.36% | 1.18% |
| Interglobe Aviation Ltd | 1.17% | 1.32% |
| Adani Ports and Special Economic Zone Ltd | 1.39% | 1.05% |
| Mahindra & Mahindra Ltd | 1.15% | 1.04% |
| Infosys Ltd | 1.12% | 0.89% |
| Tata Steel Ltd | 0.86% | 0.98% |
| Hindalco Industries Ltd | 0.77% | 0.87% |
| Torrent Pharmaceuticals Ltd | 0.60% | 0.58% |
| Maruti Suzuki India Ltd | 0.68% | 0.57% |
| Trent Ltd | 0.65% | 0.56% |
| NTPC Ltd | 0.54% | 2.65% |
| Tata Consumer Products Ltd | 0.49% | 0.55% |
| Eternal Ltd | 0.89% | 0.47% |
| Varun Beverages Ltd | 0.47% | 0.43% |
| Shriram Finance Ltd | 0.71% | 0.42% |
| Larsen & Toubro Ltd | 2.31% | 0.40% |
| One 97 Communications Ltd | 0.37% | 0.65% |
| IndusInd Bank Ltd | 0.35% | 0.50% |
| Bharat Petroleum Corporation Ltd | 0.33% | 0.90% |
| Bharat Heavy Electricals Ltd | 0.32% | 0.38% |
| CG Power and Industrial Solutions Ltd | 0.31% | 0.60% |
| FSN E-Commerce Ventures Ltd | 0.33% | 0.30% |
| Glenmark Pharmaceuticals Ltd | 0.29% | 1.62% |
| Indus Towers Ltd | 0.29% | 3.69% |
| Solar Industries India Ltd | 0.28% | 0.52% |
| Sun Pharmaceutical Industries Ltd | 1.62% | 0.27% |
| Ultratech Cement Ltd | 0.75% | 0.27% |
| Delhivery Ltd | 0.24% | 0.58% |
| IPCA Laboratories Ltd | 0.23% | 0.32% |
| Bharat Electronics Ltd | 0.74% | 0.22% |
| JSW Infrastructure Ltd | 0.22% | 0.47% |
| Sai Life Sciences Ltd | 0.18% | 0.70% |
| Jindal Steel Ltd | 0.24% | 0.18% |
| Karur Vysya Bank Ltd | 0.18% | 0.28% |
| Syrma SGS Technology Ltd | 0.16% | 0.57% |
| RBL Bank Ltd | 0.15% | 0.51% |
| KEI Industries Ltd | 0.15% | 2.54% |
| Dr. Lal Path Labs Ltd | 0.13% | 0.67% |
| Oil India Ltd | 0.13% | 0.32% |
| Ajanta Pharma Ltd | 0.13% | 0.47% |
| Wockhardt Ltd | 0.15% | 0.13% |
| Ather Energy Ltd | 0.12% | 0.52% |
| Godrej Properties Ltd | 0.12% | 0.33% |
| JSW Energy Ltd | 0.11% | 0.29% |
| Kirloskar Oil Engines Ltd | 0.10% | 0.43% |
| Patanjali Foods Ltd | 0.10% | 4.81% |
| Nippon Life India Asset Management Ltd | 0.10% | 0.37% |
| Glaxosmithkline Pharmaceuticals Ltd | 0.10% | 0.32% |
| Mphasis Ltd | 0.09% | 0.44% |
| Max Financial Services Ltd | 0.09% | 0.69% |
| Inventurus Knowledge Solutions Ltd | 0.08% | 0.53% |
| Billionbrains Garage Ventures Ltd | 0.07% | 0.25% |
| Data Patterns India Ltd | 0.07% | 0.42% |
| Aarti Industries Ltd | 0.05% | 0.39% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 37.1% means 37.1% 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 Sector Rotation Fund
| Security | % of fund |
|---|---|
| ITC Ltd | 2.01% |
| Divi's Laboratories Ltd | 1.01% |
| Nestle India Ltd | 0.75% |
| Apollo Hospitals Enterprise Ltd | 0.73% |
| Tata Consultancy Services Ltd | 0.68% |
Largest holdings only in Union Equity Savings Fund
| Security | % of fund |
|---|---|
| National Bank for Agriculture and Rural Development | 8.69% |
| 91 Day Treasury Bills | 4.37% |
| Indian Railway Finance Corporation Ltd. | 4.26% |
| Small Industries Development Bank of India | 3.44% |
| 91 Day Treasury Bills | 2.81% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | JioBlackRock Sector Rotation | Union Equity Savings |
|---|---|---|
| Equity | 97.3% | 69.5% |
| Debt | 0.0% | 26.3% |
| Cash and others | 2.7% | 4.2% |
Market cap of stocks
| Market cap | JioBlackRock Sector Rotation | Union Equity Savings |
|---|---|---|
| Large Cap | 68.3% | 42.8% |
| Mid Cap | 21.5% | 14.4% |
| Small Cap | 7.6% | 11.5% |
| Not on AMFI's list | 0.0% | 0.8% |
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 Sector Rotation | Union Equity Savings |
|---|---|---|
| Banks | 21.7% | 16.4% |
| Pharmaceuticals & Biotechnology | 9.3% | 4.4% |
| Telecom - Services | 4.0% | 6.3% |
| Finance | 5.9% | 3.5% |
| Agricultural Food & other Products | 0.1% | 5.4% |
| Petroleum Products | 5.2% | 3.2% |
| Automobiles | 4.0% | 2.1% |
| Power | 2.1% | 3.5% |
The six largest sectors of each fund's stocks, % of the fund.
JioBlackRock Sector Rotation vs Union Equity Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | JioBlackRock Sector Rotation Fund | Union Equity Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.80% | 2.11% |
| Base expense ratio (Direct) | 0.50% | 1.25% |
| Total expense ratio (Regular) | 1.92% | 2.60% |
| Base expense ratio (Regular) | 1.61% | 1.66% |
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
Compare JioBlackRock Sector Rotation with
JioBlackRock Sector Rotation Fund vs Union Equity Savings Fund: Frequently Asked Questions
What is the difference between JioBlackRock Sector Rotation Fund and Union Equity Savings Fund?
JioBlackRock Sector Rotation Fund is a Thematic fund, Union Equity Savings Fund is an Equity Savings fund, run by Jio BlackRock Mutual Fund and Union Mutual Fund. Their portfolios overlap 37.1%. JioBlackRock Sector Rotation Fund charges 0.80% a year and Union Equity Savings Fund 2.11%.
Which has the lower expense ratio, JioBlackRock Sector Rotation Fund or Union Equity Savings Fund?
JioBlackRock Sector Rotation Fund charges less: 0.80% a year against 2.11%. These are the Direct plans' total expense ratios reported to AMFI.
How much do JioBlackRock Sector Rotation Fund and Union Equity Savings Fund overlap?
37.1%. They hold 61 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, JioBlackRock Sector Rotation Fund or Union Equity Savings Fund?
On SEBI's riskometer, JioBlackRock Sector Rotation Fund is rated Very High and Union Equity Savings Fund Moderately High. Over their common history, the standard deviation of daily returns was 15.17% and 5.70% a year.
Can I invest in both JioBlackRock Sector Rotation Fund and Union Equity Savings Fund?
Yes. 37.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages JioBlackRock Sector Rotation Fund and Union Equity Savings Fund?
JioBlackRock Sector Rotation Fund: Sahil Chaudhary, Tanvi Kacheria. Union Equity Savings Fund: Sanjay Bembalkar, Gaurav Chopra, Parijat Agrawal.
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.