Aditya Birla Sun Life Arbitrage Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Arbitrage Fund

Fund House : Aditya Birla Sun Life Mutual Fund

Portfolio Turnover Ratio : 1064.00%. Category average turnover ratio is 1241.35%. Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)

Equity Holding : 79.17% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 79.17%

No of Stocks : 190 (Category Avg - 142.18) | Large Cap Investments : 41.48%| Mid Cap Investments : 13.9% | Small Cap Investments : 4.26% | Other : 19.5%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	190	111.68
Top 5 Stock Weight	17.39%	22.04%
Top 10 Stock Weight	25.48%	34.22%
Top 3 Sector Weight	23.38%	27.34%

Category - Arbitrage Fund

Particulars	This Scheme	Category
Average mcap (Cr)	97066.09	92200.06
Holdings in large cap stocks	41.48%	39.91%
Holdings in mid cap stocks	13.9%	16.24%
Holdings in small cap stocks	4.26%	4.17%

Category - Arbitrage Fund

Top 10 Stocks holding in Portfolio (as on 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Reliance Industries Ltd.	Refineries & marketing	11526.3	4.75%	0.17%	4.75% (Oct 2025)	3.76% (Jul 2025)	77.55 L	1.49 L
HDFC Bank Ltd.	Private sector bank	9364.8	3.86%	-0.06%	3.92% (Sep 2025)	0.43% (Dec 2024)	94.85 L	1.55 L
ICICI Bank Ltd.	Private sector bank	8333.2	3.44%	-0.13%	3.56% (Sep 2025)	1.47% (Dec 2024)	61.94 L	2.14 L
Axis Bank Ltd.	Private sector bank	6755	2.78%	0.08%	2.78% (Oct 2025)	1.72% (Mar 2025)	54.79 L	71.25 k
Eternal Ltd.	E-retail/ e-commerce	6203.7	2.56%	-0.20%	2.76% (Sep 2025)	0% (Nov 2024)	1.95 Cr	3.66 L
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	5322.2	2.19%	0.08%	2.29% (Jan 2025)	1.32% (Apr 2025)	15.26 L	1.30 L
Kotak Mahindra Bank Ltd.	Private sector bank	3789	1.56%	0.19%	1.91% (Feb 2025)	0.21% (Mar 2025)	18.02 L	2.46 L
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	3764	1.55%	-0.03%	1.78% (Jan 2025)	0.75% (Mar 2025)	18.32 L	-0.77 L
Vedanta Ltd.	Diversified metals	3411.7	1.41%	0.15%	2.55% (Mar 2025)	1.07% (Aug 2025)	69.13 L	8.12 L
Bajaj Finance Ltd.	Non banking financial company (nbfc)	3344.3	1.38%	-0.41%	1.79% (Sep 2025)	0.45% (Feb 2025)	32.07 L	-8.46 L

- indicates change in weight in the portfolio. # indicates a new entry.

View complete holding

Complete equity Portfolio (as on 31st Oct,2025)

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Sector
M-Cap

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Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty	M-Cap	GroupName
Reliance Industries Ltd.	Refineries & marketing	5.37	11526.3	4.75%	0.17%	4.75% (Oct 2025)	3.76% (Jul 2025)	77.55 L	1.49 L	Large Cap	41.48
HDFC Bank Ltd.	Private sector bank	14.99	9364.8	3.86%	-0.06%	3.92% (Sep 2025)	0.43% (Dec 2024)	94.85 L	1.55 L	Other	19.5
ICICI Bank Ltd.	Private sector bank	14.99	8333.2	3.44%	-0.13%	3.56% (Sep 2025)	1.47% (Dec 2024)	61.94 L	2.14 L	Large Cap	41.48
Axis Bank Ltd.	Private sector bank	14.99	6755	2.78%	0.08%	2.78% (Oct 2025)	1.72% (Mar 2025)	54.79 L	71.25 k	Large Cap	41.48
Eternal Ltd.	E-retail/ e-commerce	2.56	6203.7	2.56%	-0.20%	2.76% (Sep 2025)	0% (Nov 2024)	1.95 Cr	3.66 L	Other	19.5
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	2.63	5322.2	2.19%	0.08%	2.29% (Jan 2025)	1.32% (Apr 2025)	15.26 L	1.30 L	Large Cap	41.48
Kotak Mahindra Bank Ltd.	Private sector bank	14.99	3789	1.56%	0.19%	1.91% (Feb 2025)	0.21% (Mar 2025)	18.02 L	2.46 L	Large Cap	41.48
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	2.61	3764	1.55%	-0.03%	1.78% (Jan 2025)	0.75% (Mar 2025)	18.32 L	-0.77 L	Large Cap	41.48
Vedanta Ltd.	Diversified metals	1.41	3411.7	1.41%	0.15%	2.55% (Mar 2025)	1.07% (Aug 2025)	69.13 L	8.12 L	Large Cap	41.48
Bajaj Finance Ltd.	Non banking financial company (nbfc)	3.02	3344.3	1.38%	-0.41%	1.79% (Sep 2025)	0.45% (Feb 2025)	32.07 L	-8.46 L	Other	19.5
Indusind Bank Ltd.	Private sector bank	14.99	3111.7	1.28%	0.05%	1.31% (Jan 2025)	0.17% (Mar 2025)	39.15 L	1.25 L	Large Cap	41.48
ITC Limited	Diversified fmcg	1.71	2964	1.22%	0.11%	1.3% (Nov 2024)	0% (Nov 2024)	70.51 L	7.89 L	Large Cap	41.48
Larsen & Toubro Ltd.	Civil construction	1.51	2863.3	1.18%	0.09%	1.73% (Nov 2024)	0.33% (Mar 2025)	7.10 L	37.80 k	Large Cap	41.48
One 97 Communications Ltd.	Financial technology (fintech)	1.25	2605.8	1.07%	0.06%	1.07% (Oct 2025)	0.03% (Nov 2024)	20.00 L	-0.36 L	Other	19.5
Vodafone Idea Ltd.	Telecom - cellular & fixed line services	2.61	2580.1	1.06%	0.02%	1.29% (Nov 2024)	0.77% (May 2025)	29.55 Cr	56.47 L	Large Cap	41.48
Tata Consultancy Services Ltd.	Computers - software & consulting	2.1	2551.1	1.05%	0.04%	1.2% (Jul 2025)	0.11% (Dec 2024)	8.34 L	42.70 k	Large Cap	41.48
Indus Towers Ltd.	Telecom - infrastructure	1.29	2538	1.05%	0.03%	1.16% (Jan 2025)	0.49% (Dec 2024)	69.80 L	2.86 L	Large Cap	41.48
- Hindustan Aeronautics Ltd.	Aerospace & defense	2.07	2390.2	0.99%	0.00%	1.64% (Nov 2024)	0.81% (Feb 2025)	5.11 L	41.10 k	Other	19.5
National Thermal Power Corporation Ltd.	Power generation	1.65	2341.6	0.97%	-0.04%	1% (Jun 2025)	0.3% (Mar 2025)	69.50 L	2.94 L	Large Cap	41.48
Britannia Industries Ltd.	Packaged foods	1.24	2251.4	0.93%	-0.08%	1.32% (Apr 2025)	0% (Nov 2024)	3.86 L	3.75 k	Large Cap	41.48
Jio Financial Services Ltd.	Non banking financial company (nbfc)	3.02	2208.4	0.91%	0.03%	1.05% (Jul 2025)	0.04% (Dec 2024)	71.98 L	4.28 L	Other	19.5
Hindalco Industries Ltd.	Aluminium	1.17	2083.2	0.86%	0.13%	0.86% (Oct 2025)	0.34% (Mar 2025)	24.57 L	2.91 L	Large Cap	41.48
Adani Enterprises Ltd.	Trading - minerals	0.83	2014.1	0.83%	-0.06%	1.35% (Dec 2024)	0.76% (Aug 2025)	8.12 L	11.70 k	Mid Cap	13.9
Bharat Electronics Ltd.	Aerospace & defense	2.07	2006.2	0.83%	-0.02%	0.96% (May 2025)	0.12% (Jun 2025)	47.08 L	-0.17 L	Mid Cap	13.9
BSE Ltd.	Exchange and data platform	1.76	1972.7	0.81%	0.37%	0.81% (Oct 2025)	0% (Nov 2024)	7.96 L	3.09 L	Small Cap	4.26
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	1.76	1963.1	0.81%	0.15%	0.81% (Oct 2025)	0.01% (Jan 2025)	2.12 L	22.50 k	Small Cap	4.26
J S W Steel Ltd.	Iron & steel products	2.9	1952.1	0.80%	0.06%	0.8% (Oct 2025)	0.23% (Dec 2024)	16.19 L	1.44 L	Large Cap	41.48
Tata Steel Ltd.	Iron & steel products	2.9	1874.5	0.77%	0.05%	0.78% (May 2025)	0.3% (Nov 2024)	1.03 Cr	5.45 L	Other	19.5
State Bank Of India	Public sector bank	2.56	1837	0.76%	0.05%	0.83% (Jan 2025)	0.62% (Aug 2025)	19.61 L	1.26 L	Large Cap	41.48
Steel Authority Of India Ltd.	Iron & steel products	2.9	1734.1	0.71%	0.18%	0.96% (Mar 2025)	0.45% (Aug 2025)	1.27 Cr	37.08 L	Mid Cap	13.9
Hindustan Zinc Ltd.	Zinc	0.69	1682.8	0.69%	0.17%	0.69% (Oct 2025)	0% (Nov 2024)	35.32 L	10.84 L	Large Cap	41.48
Aurobindo Pharma Ltd.	Pharmaceuticals	2.98	1670.6	0.69%	0.09%	0.69% (Oct 2025)	0.42% (Nov 2024)	14.67 L	2.12 L	Large Cap	41.48
- Apollo Hospitals Enterprises Ltd.	Hospital	1.08	1610.1	0.66%	0.00%	0.66% (Sep 2025)	0.11% (Nov 2024)	2.10 L	6.63 k	Mid Cap	13.9
Titan Company Ltd.	Gems, jewellery and watches	0.79	1535.6	0.63%	0.06%	0.91% (Nov 2024)	0.55% (Dec 2024)	4.10 L	26.08 k	Large Cap	41.48
Grasim Industries Limited	Cement & cement products	1.33	1526.8	0.63%	0.09%	0.63% (Oct 2025)	0.26% (Dec 2024)	5.28 L	83.75 k	Large Cap	41.48
Rural Electrification Corporation Limited	Financial institution	1.25	1514.9	0.62%	0.13%	0.8% (May 2025)	0.27% (Dec 2024)	40.41 L	10.46 L	Mid Cap	13.9
United Spirits Ltd.	Breweries & distilleries	0.59	1434.3	0.59%	0.03%	0.59% (Oct 2025)	0.17% (Nov 2024)	10.02 L	48.40 k	Large Cap	41.48
- Bajaj Finserv Ltd	Holding company	0.58	1404.4	0.58%	0.00%	0.58% (Oct 2025)	0.25% (Nov 2024)	6.73 L	22.50 k	Other	19.5
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	2.98	1311.3	0.54%	0.02%	0.88% (Nov 2024)	0% (Nov 2024)	7.76 L	31.50 k	Large Cap	41.48
Sammaan Capital Ltd.	Housing finance company	1.23	1302.4	0.54%	0.13%	0.54% (Oct 2025)	0% (Nov 2024)	69.06 L	11.78 L	Mid Cap	13.9
APL Apollo Tubes Ltd.	Iron & steel products	2.9	1297.9	0.54%	0.01%	0.54% (Oct 2025)	0.01% (Nov 2024)	7.25 L	18.20 k	Other	19.5
DLF Ltd.	Residential, commercial projects	1.52	1295.2	0.53%	0.09%	1.15% (Nov 2024)	0.44% (Aug 2025)	17.13 L	2.97 L	Large Cap	41.48
RBL Bank Ltd.	Private sector bank	14.99	1277.6	0.53%	0.15%	0.61% (Jul 2025)	0% (Nov 2024)	39.15 L	8.64 L	Mid Cap	13.9
Bank Of Baroda	Public sector bank	2.56	1259.8	0.52%	0.00%	1.22% (Nov 2024)	0.41% (Aug 2025)	45.25 L	20.48 k	Large Cap	41.48
Canara Bank	Public sector bank	2.56	1235.4	0.51%	0.07%	0.51% (Oct 2025)	0.36% (Aug 2025)	90.18 L	9.18 L	Other	19.5
Aditya Birla Capital Ltd.	Life insurance	1.07	1206	0.50%	0.09%	0.5% (Oct 2025)	0.37% (Jul 2025)	37.20 L	5.43 L	Mid Cap	13.9
- Tata Power Co. Ltd.	Integrated power utilities	0.56	1204.2	0.50%	0.00%	0.75% (Dec 2024)	0.46% (Aug 2025)	29.74 L	73.95 k	Mid Cap	13.9
Hindustan Unilever Ltd.	Diversified fmcg	1.71	1193.1	0.49%	-0.31%	1.14% (Nov 2024)	0.18% (Jan 2025)	4.84 L	-2.33 L	Large Cap	41.48
Shriram Finance Ltd.	Non banking financial company (nbfc)	3.02	1191.2	0.49%	0.12%	1.17% (Nov 2024)	0.34% (Aug 2025)	15.91 L	2.19 L	Other	19.5
J S W Energy Ltd.	Power generation	1.65	1141.9	0.47%	-0.04%	0.51% (Sep 2025)	0% (Nov 2024)	21.65 L	0.00	Mid Cap	13.9
IDFC First Bank Ltd.	Private sector bank	14.99	1141.4	0.47%	0.05%	0.61% (Jun 2025)	0% (Nov 2024)	1.40 Cr	4.36 L	Mid Cap	13.9
Lodha Developers Ltd.	Residential, commercial projects	1.52	1097.5	0.45%	0.05%	0.45% (Oct 2025)	0% (Nov 2024)	9.16 L	1.08 L	Other	19.5
Ultratech Cement Ltd.	Cement & cement products	1.33	1074.6	0.44%	0.13%	0.62% (May 2025)	0.16% (Jan 2025)	89.95 k	31.70 k	Large Cap	41.48
Bharat Heavy Electricals Ltd.	Heavy electrical equipment	0.94	1063.5	0.44%	0.07%	0.69% (Jan 2025)	0.31% (Aug 2025)	40.06 L	5.43 L	Mid Cap	13.9
GMR Airports Ltd.	Airport & airport services	0.44	1059.2	0.44%	0.00%	1.3% (Nov 2024)	0.41% (Aug 2025)	1.13 Cr	0.00	Small Cap	4.26
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	2.63	1057	0.44%	-0.13%	0.65% (Dec 2024)	0.03% (Jun 2025)	65.30 k	-0.15 L	Large Cap	41.48
NMDC LTD	Industrial minerals	0.43	1038	0.43%	-0.01%	0.97% (Jan 2025)	0.37% (Aug 2025)	1.37 Cr	7.90 L	Mid Cap	13.9
Bandhan Bank Ltd.	Private sector bank	14.99	1015.1	0.42%	-0.05%	0.68% (Jun 2025)	0.42% (Oct 2025)	64.84 L	0.00	Large Cap	41.48
Hindustan Petroleum Corporation Ltd.	Refineries & marketing	5.37	1006.3	0.41%	-0.25%	0.66% (Sep 2025)	0.15% (Jan 2025)	21.14 L	-0.13 Cr	Large Cap	41.48
GAIL (India) Ltd.	Gas transmission/marketing	0.4	981	0.40%	0.03%	0.68% (Mar 2025)	0.25% (May 2025)	53.68 L	6.14 L	Large Cap	41.48
Yes Bank	Private sector bank	14.99	978.8	0.40%	0.06%	0.4% (Oct 2025)	0.01% (Nov 2024)	4.30 Cr	65.93 L	Other	19.5
Dixon Technologies (India) Ltd.	Consumer electronics	0.52	928.9	0.38%	0.04%	0.38% (Oct 2025)	0% (Nov 2024)	59.95 k	11.95 k	Other	19.5
Glenmark Pharmaceuticals Ltd.	Pharmaceuticals	2.98	922.7	0.38%	-0.01%	0.44% (Jul 2025)	0.17% (Nov 2024)	4.88 L	40.50 k	Mid Cap	13.9
Patanjali Foods Ltd.	Edible oil	0.38	914.6	0.38%	0.01%	0.41% (Jul 2025)	0% (Nov 2024)	15.18 L	56.70 k	Other	19.5
PNB Housing Finance Ltd.	Housing finance company	1.23	892.8	0.37%	0.01%	0.37% (Oct 2025)	0% (Nov 2024)	9.61 L	17.55 k	Mid Cap	13.9
Max Healthcare Institute Ltd.	Hospital	1.08	891.2	0.37%	0.06%	0.37% (Oct 2025)	0.01% (Nov 2024)	7.76 L	1.59 L	Other	19.5
Adani Ports And Special Economic Zone Ltd.	Port & port services	0.36	881.8	0.36%	0.01%	0.38% (Jun 2025)	0.16% (Apr 2025)	6.08 L	42.75 k	Large Cap	41.48
Power Grid Corporation of India Ltd.	Power - transmission	0.62	847	0.35%	-0.01%	0.64% (Jun 2025)	0.12% (Jan 2025)	29.39 L	20.90 k	Large Cap	41.48
Crompton Greaves Consumer Electricals Ltd.	Household appliances	0.34	827.9	0.34%	0.10%	0.34% (Oct 2025)	0.21% (Jan 2025)	29.29 L	10.84 L	Mid Cap	13.9
LIC Housing Finance Ltd.	Housing finance company	1.23	785.6	0.32%	0.03%	1% (Nov 2024)	0.26% (Aug 2025)	13.76 L	2.17 L	Mid Cap	13.9
- Punjab National Bank	Public sector bank	2.56	780.6	0.32%	0.00%	0.63% (Jan 2025)	0.24% (Jun 2025)	63.52 L	0.00	Large Cap	41.48
Marico Ltd.	Personal care	0.55	771.5	0.32%	0.06%	0.32% (Oct 2025)	0.03% (Jan 2025)	10.72 L	2.32 L	Large Cap	41.48
Mazagon Dock Shipbuilders Ltd.	Ship building & allied services	0.32	771.3	0.32%	0.02%	0.32% (Oct 2025)	0% (Nov 2024)	2.83 L	35.35 k	Other	19.5
HCL Technologies Limited	Computers - software & consulting	2.1	771	0.32%	0.12%	0.32% (Oct 2025)	0% (Jun 2025)	5.00 L	1.78 L	Large Cap	41.48
Trent Limited	Speciality retail	0.32	765.6	0.32%	-0.02%	0.73% (May 2025)	0.04% (Jun 2025)	1.63 L	2.40 k	Mid Cap	13.9
SRF Ltd.	Specialty chemicals	0.41	761.9	0.31%	0.00%	0.54% (May 2025)	0.06% (Mar 2025)	2.60 L	6.40 k	Mid Cap	13.9
Nestle India Ltd.	Packaged foods	1.24	760.4	0.31%	0.01%	0.31% (Oct 2025)	0% (May 2025)	5.98 L	11.50 k	Other	19.5
National Aluminium Co. Ltd.	Aluminium	1.17	754.2	0.31%	-0.11%	0.42% (Sep 2025)	0% (Nov 2024)	32.21 L	-0.12 Cr	Small Cap	4.26
Oil & Natural Gas Corporation Ltd.	Oil exploration & production	0.31	744.7	0.31%	0.07%	0.62% (May 2025)	0.03% (Jan 2025)	29.16 L	6.44 L	Large Cap	41.48
- TVS Motor Company Ltd.	2/3 wheelers	0.79	739.3	0.30%	0.01%	0.68% (Jan 2025)	0.25% (Aug 2025)	2.11 L	16.45 k	Mid Cap	13.9
Computer Age Management Services Pvt Ltd.	Depositories, clearing houses and other intermediaries	0.39	708.8	0.29%	0.01%	0.29% (Oct 2025)	0% (Nov 2024)	1.80 L	9.15 k	Other	19.5
Exide Industries Ltd.	Auto components & equipments	1.04	692.2	0.29%	-0.03%	0.33% (Jan 2025)	0.17% (Jul 2025)	18.13 L	-0.41 L	Mid Cap	13.9
Alkem Laboratories Ltd.	Pharmaceuticals	2.98	689	0.28%	0.02%	0.28% (Oct 2025)	0% (Nov 2024)	1.25 L	14.63 k	Mid Cap	13.9
Sona BLW Precision Forgings Ltd.	Auto components & equipments	1.04	673.1	0.28%	0.02%	0.28% (Oct 2025)	0% (Nov 2024)	14.24 L	14.70 k	Other	19.5
Godrej Properties Ltd.	Residential, commercial projects	1.52	666.3	0.27%	0.04%	0.33% (Dec 2024)	0.17% (Nov 2024)	2.91 L	17.33 k	Mid Cap	13.9
NBCC (India) Ltd.	Civil construction	1.51	652.5	0.27%	0.03%	0.27% (Oct 2025)	0% (Nov 2024)	55.58 L	4.16 L	Mid Cap	13.9
Adani Energy Solutions Ltd.	Power - transmission	0.62	650.4	0.27%	0.02%	0.27% (Oct 2025)	0.04% (Nov 2024)	6.59 L	12.15 k	Mid Cap	13.9
Coforge Ltd.	Computers - software & consulting	2.1	624.8	0.26%	0.12%	0.38% (Feb 2025)	0.03% (Dec 2024)	3.51 L	1.58 L	Other	19.5
Housing & Urban Development Corporation Ltd.	Financial institution	1.25	616.9	0.25%	0.01%	0.28% (Jun 2025)	0% (Feb 2025)	26.03 L	1.58 L	Small Cap	4.26
Bharat Dynamics Ltd.	Aerospace & defense	2.07	613.1	0.25%	-0.02%	0.27% (Sep 2025)	0% (Nov 2024)	4.01 L	-6.83 k	Other	19.5
Federal Bank Ltd.	Private sector bank	14.99	605.7	0.25%	-0.02%	0.41% (Jun 2025)	0% (Nov 2024)	25.60 L	-6.45 L	Mid Cap	13.9
Bank Of India	Public sector bank	2.56	603.7	0.25%	0.05%	0.25% (Oct 2025)	0.03% (Nov 2024)	43.16 L	7.59 L	Mid Cap	13.9
Ambuja Cements Ltd.	Cement & cement products	1.33	596	0.25%	0.10%	0.37% (Mar 2025)	0.09% (Jul 2025)	10.54 L	4.95 L	Large Cap	41.48
Eicher Motors Ltd.	2/3 wheelers	0.79	596	0.25%	-0.01%	0.68% (Jan 2025)	0.03% (Apr 2025)	85.05 k	2.28 k	Other	19.5
HFCL Ltd.	Telecom - infrastructure	1.29	591.3	0.24%	0.04%	0.24% (Oct 2025)	0% (Nov 2024)	80.43 L	15.80 L	Small Cap	4.26
Divis Laboratories Ltd.	Pharmaceuticals	2.98	578.1	0.24%	0.05%	0.35% (May 2025)	0.01% (Nov 2024)	85.80 k	10.90 k	Large Cap	41.48
Varun Beverages Ltd.	Other beverages	0.22	545.4	0.22%	0.06%	0.49% (Feb 2025)	0.01% (Nov 2024)	11.61 L	3.41 L	Other	19.5
Suzlon Energy Ltd.	Heavy electrical equipment	0.94	538.9	0.22%	0.16%	0.22% (Oct 2025)	0% (Nov 2024)	90.88 L	63.36 L	Small Cap	4.26
Polycab India Limited	Cables - electricals	0.21	517.1	0.21%	0.10%	0.48% (Nov 2024)	0.06% (Mar 2025)	67.13 k	31.00 k	Other	19.5
Adani Green Energy Ltd.	Power generation	1.65	491.8	0.20%	0.01%	0.2% (Oct 2025)	0% (Nov 2024)	4.31 L	12.00 k	Small Cap	4.26
Dabur India Ltd.	Personal care	0.55	491.2	0.20%	0.10%	0.2% (Oct 2025)	0% (Nov 2024)	10.08 L	5.30 L	Large Cap	41.48
Hero Motocorp Ltd.	2/3 wheelers	0.79	489	0.20%	0.05%	0.21% (Mar 2025)	0% (Nov 2024)	88.20 k	27.60 k	Large Cap	41.48
Indian Hotels Company Limited	Hotels & resorts	0.2	484.4	0.20%	0.01%	0.28% (Jul 2025)	0% (Nov 2024)	6.53 L	71.00 k	Mid Cap	13.9
Biocon Ltd.	Pharmaceuticals	2.98	482.8	0.20%	0.02%	0.2% (Jul 2025)	0.06% (Jan 2025)	12.98 L	77.50 k	Mid Cap	13.9
- Power Finance Corporation Ltd.	Financial institution	1.25	479.1	0.20%	0.00%	0.56% (Jun 2025)	0.17% (Aug 2025)	11.88 L	1.08 L	Mid Cap	13.9
Union Bank Of India	Public sector bank	2.56	461.8	0.19%	0.05%	0.19% (Oct 2025)	0% (Nov 2024)	31.06 L	7.43 L	Mid Cap	13.9
Cipla Ltd.	Pharmaceuticals	2.98	457.2	0.19%	-0.01%	0.59% (Jan 2025)	0.19% (Oct 2025)	3.05 L	10.50 k	Large Cap	41.48
- CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	0.94	450.8	0.19%	-0.01%	0.2% (Jul 2025)	0% (Nov 2024)	6.12 L	28.90 k	Small Cap	4.26
Indian Oil Corporation Ltd.	Refineries & marketing	5.37	450.5	0.19%	0.13%	0.45% (Jan 2025)	0.03% (Jul 2025)	27.15 L	18.43 L	Large Cap	41.48
Torrent Pharmaceuticals Ltd.	Pharmaceuticals	2.98	447.7	0.18%	-0.02%	0.32% (Mar 2025)	0.08% (Dec 2024)	1.26 L	-2.75 k	Mid Cap	13.9
PB Fintech Ltd.	Financial technology (fintech)	1.25	441.8	0.18%	0.04%	0.18% (Oct 2025)	0% (Nov 2024)	2.47 L	60.90 k	Other	19.5
Motherson Sumi Systems Ltd.	Auto components & equipments	1.04	437.5	0.18%	-0.01%	0.28% (Feb 2025)	0.13% (May 2025)	41.51 L	18.45 k	Large Cap	41.48
Kalyan Jewellers India Ltd.	Gems, jewellery and watches	0.79	399.5	0.16%	0.02%	0.16% (Oct 2025)	0% (Nov 2024)	7.84 L	51.70 k	Other	19.5
HDFC Life Insurance Company Ltd.	Life insurance	1.07	395.3	0.16%	0.15%	0.28% (May 2025)	0.01% (Sep 2025)	5.40 L	5.07 L	Large Cap	41.48
Au Small Finance Bank Ltd.	Other bank	0.16	392.4	0.16%	0.10%	0.16% (Oct 2025)	0% (Nov 2024)	4.47 L	2.71 L	Mid Cap	13.9
Petronet LNG Ltd.	Lpg/cng/png/lng supplier	0.16	392.3	0.16%	0.05%	0.17% (Mar 2025)	0.11% (Sep 2025)	13.95 L	4.77 L	Large Cap	41.48
Prestige Estates Projects Ltd.	Residential, commercial projects	1.52	382.4	0.16%	0.01%	0.21% (May 2025)	0% (Nov 2024)	2.19 L	0.00	Mid Cap	13.9
UPL Ltd.	Pesticides & agrochemicals	0.14	348.3	0.14%	0.13%	0.63% (Nov 2024)	0% (Nov 2024)	4.84 L	4.43 L	Large Cap	41.48
Lupin Ltd.	Pharmaceuticals	2.98	347.2	0.14%	0.06%	0.45% (Jan 2025)	0% (Nov 2024)	1.77 L	81.60 k	Large Cap	41.48
Delhivery Ltd.	Logistics solution provider	0.22	334.5	0.14%	0.03%	0.14% (Oct 2025)	0% (Nov 2024)	7.18 L	1.56 L	Other	19.5
Tech Mahindra Ltd.	Computers - software & consulting	2.1	329.9	0.14%	-0.09%	0.45% (Apr 2025)	0% (Jan 2025)	2.32 L	-1.30 L	Large Cap	41.48
Indian Energy Exchange Ltd.	Exchange and data platform	1.76	329.1	0.14%	0.12%	0.16% (Nov 2024)	0.01% (Aug 2025)	23.66 L	21.83 L	Small Cap	4.26
ICICI Prudential Life Insurance Co Ltd.	Life insurance	1.07	328.6	0.14%	0.08%	0.14% (Oct 2025)	0.05% (Aug 2025)	5.56 L	3.33 L	Large Cap	41.48
Persistent Systems Ltd.	Computers - software & consulting	2.1	328.4	0.14%	0.05%	0.19% (Nov 2024)	0% (Nov 2024)	55.50 k	17.70 k	Other	19.5
Muthoot Finance Pvt. Ltd.	Non banking financial company (nbfc)	3.02	289.3	0.12%	-0.16%	0.28% (Sep 2025)	0.02% (Jun 2025)	91.03 k	-1.17 L	Mid Cap	13.9
Indian Railway Catering and Tourism Corporation Ltd.	Tour, travel related services	0.12	281.7	0.12%	-0.03%	0.6% (Jan 2025)	0.12% (Oct 2025)	3.92 L	-0.78 L	Other	19.5
Max Financial Services Ltd.	Life insurance	1.07	275.9	0.11%	0.05%	0.13% (Nov 2024)	0% (Nov 2024)	1.78 L	93.60 k	Mid Cap	13.9
- Solar Industries India Ltd.	Explosives	0.11	273.7	0.11%	0.00%	0.11% (Oct 2025)	0% (Nov 2024)	19.73 k	900.00	Small Cap	4.26
Asian Paints (india) Ltd.	Paints	0.11	272.4	0.11%	-0.06%	0.35% (Jun 2025)	0.03% (Nov 2024)	1.09 L	-0.55 L	Large Cap	41.48
Bosch Ltd.	Auto components & equipments	1.04	262.6	0.11%	-0.01%	0.15% (Jul 2025)	0% (Nov 2024)	7.05 k	0.00	Large Cap	41.48
- PG Electroplast Ltd.	Consumer electronics	0.52	254.6	0.10%	0.00%	0.14% (Jul 2025)	0% (Nov 2024)	4.46 L	-0.12 L	Other	19.5
Central Depository Services (India) Ltd.	Depositories, clearing houses and other intermediaries	0.39	245.8	0.10%	0.07%	0.35% (Dec 2024)	0% (Nov 2024)	1.55 L	1.08 L	Small Cap	4.26
Pidilite Industries Ltd.	Specialty chemicals	0.41	241.3	0.10%	0.05%	0.44% (Mar 2025)	0.01% (Jun 2025)	1.67 L	93.50 k	Large Cap	41.48
Tube Investments Of India Ltd.	Auto components & equipments	1.04	227.3	0.09%	-0.01%	0.13% (Apr 2025)	0% (Nov 2024)	75.20 k	0.00	Small Cap	4.26
Indian Railway Finance Corporation Ltd.	Financial institution	1.25	220.6	0.09%	0.08%	0.09% (Oct 2025)	0% (Nov 2024)	17.89 L	15.64 L	Other	19.5
Tata Consumer Products Ltd.	Tea & coffee	0.09	214	0.09%	0.02%	0.14% (Nov 2024)	0.04% (Jan 2025)	1.84 L	50.05 k	Mid Cap	13.9
Laurus Labs Ltd.	Pharmaceuticals	2.98	212.4	0.09%	0.00%	0.09% (Jul 2025)	0.01% (Feb 2025)	2.23 L	0.00	Other	19.5
UNO Minda Ltd.	Auto components & equipments	1.04	210.6	0.09%	0.04%	0.1% (Aug 2025)	0% (Nov 2024)	1.71 L	80.30 k	Small Cap	4.26
# Indian Renewable Energy Development Agency Ltd.	Financial institution	1.25	208.6	0.09%	0.09%	0.09% (Oct 2025)	0% (Nov 2024)	13.73 L	13.73 L	Other	19.5
Jindal Steel Ltd.	Iron & steel products	2.9	205.4	0.08%	0.02%	0.31% (Jun 2025)	0% (Jul 2025)	1.93 L	54.38 k	Mid Cap	13.9
HDFC Asset Management Co. Ltd.	Asset management company	0.08	204.9	0.08%	-0.05%	0.33% (Nov 2024)	0% (Nov 2024)	38.10 k	-0.15 L	Large Cap	41.48
# Life Insurance Corporation Of India	Life insurance	1.07	194.2	0.08%	0.08%	0.12% (Jun 2025)	0% (Nov 2024)	2.17 L	2.17 L	Other	19.5
- Mphasis Ltd.	Computers - software & consulting	2.1	193.9	0.08%	0.00%	0.38% (May 2025)	0% (Jan 2025)	70.13 k	275.00	Mid Cap	13.9
SBI Life Insurance Co Ltd.	Life insurance	1.07	190.7	0.08%	-0.25%	0.33% (Sep 2025)	0.08% (Oct 2025)	97.50 k	-3.15 L	Large Cap	41.48
Phoenix Mills Ltd.	Residential, commercial projects	1.52	190.2	0.08%	0.03%	0.08% (Oct 2025)	0% (Nov 2024)	1.13 L	37.10 k	Small Cap	4.26
Container Corporation Of India Ltd.	Logistics solution provider	0.22	182	0.08%	0.00%	0.4% (Nov 2024)	0.07% (Aug 2025)	3.34 L	27.50 k	Large Cap	41.48
# InterGlobe Aviation Ltd.	Airline	0.07	168.8	0.07%	0.07%	0.8% (May 2025)	0% (Nov 2024)	30.00 k	30.00 k	Large Cap	41.48
IIFL Finance Ltd.	Non banking financial company (nbfc)	3.02	161.4	0.07%	0.01%	0.13% (Jun 2025)	0% (Nov 2024)	3.02 L	0.00	Small Cap	4.26
Coal India Ltd.	Coal	0.06	155.3	0.06%	-0.21%	0.75% (May 2025)	0.06% (Oct 2025)	4.00 L	-0.12 Cr	Large Cap	41.48
# L&T Finance Holdings Ltd.	Investment company	0.06	153.3	0.06%	0.06%	0.06% (Oct 2025)	0% (Nov 2024)	5.67 L	5.67 L	Mid Cap	13.9
360 ONE WAM Ltd.	Other financial services	0.06	152.4	0.06%	0.01%	0.18% (Jul 2025)	0% (Nov 2024)	1.41 L	22.00 k	Other	19.5
NCC Ltd.	Civil construction	1.51	150.2	0.06%	0.01%	0.07% (Jun 2025)	0% (Nov 2024)	7.07 L	1.51 L	Small Cap	4.26
Torrent Power Ltd.	Integrated power utilities	0.56	143.2	0.06%	0.01%	0.06% (Oct 2025)	0% (Nov 2024)	1.09 L	11.25 k	Mid Cap	13.9
Supreme Industries Ltd.	Plastic products - industrial	0.05	132.1	0.05%	-0.01%	0.14% (Apr 2025)	0% (Nov 2024)	34.65 k	0.00	Mid Cap	13.9
Fortis Healthcare Ltd.	Hospital	1.08	127.7	0.05%	-0.03%	0.08% (Sep 2025)	0% (Nov 2024)	1.25 L	-0.61 L	Other	19.5
Manappuram Finance Ltd.	Non banking financial company (nbfc)	3.02	126.1	0.05%	-0.02%	0.43% (Dec 2024)	0.05% (Oct 2025)	4.68 L	-0.96 L	Mid Cap	13.9
Tata Technologies Ltd.	Computers - software & consulting	2.1	121.8	0.05%	-0.03%	0.15% (Apr 2025)	0% (Nov 2024)	1.76 L	-0.90 L	Other	19.5
ABB India Ltd.	Heavy electrical equipment	0.94	118.1	0.05%	-0.05%	0.38% (Mar 2025)	0.05% (Oct 2025)	22.63 k	-0.21 L	Large Cap	41.48
Havells India Ltd.	Consumer electronics	0.52	90.4	0.04%	-0.01%	0.42% (Nov 2024)	0% (Nov 2024)	60.50 k	-0.15 L	Large Cap	41.48
Syngene International Ltd.	Healthcare research, analytics & technology	0.04	90.4	0.04%	-0.05%	0.09% (Sep 2025)	0% (Nov 2024)	1.39 L	-1.73 L	Mid Cap	13.9
# Bajaj Auto Ltd.	2/3 wheelers	0.79	88.7	0.04%	0.04%	0.49% (Jan 2025)	0% (Nov 2024)	9.98 k	9.98 k	Large Cap	41.48
# KPIT Technologies Ltd.	Computers - software & consulting	2.1	86.8	0.04%	0.04%	0.04% (Oct 2025)	0% (Nov 2024)	74.40 k	74.40 k	Other	19.5
Inox Wind Ltd.	Heavy electrical equipment	0.94	82.2	0.03%	0.00%	0.04% (Sep 2025)	0% (Nov 2024)	5.30 L	-0.82 L	Small Cap	4.26
- Colgate - Palmolive (India) Limited	Personal care	0.55	68.1	0.03%	0.00%	0.37% (Nov 2024)	0% (Nov 2024)	30.38 k	-3.15 k	Large Cap	41.48
Oberoi Realty Ltd.	Residential, commercial projects	1.52	67.8	0.03%	-0.04%	0.07% (Sep 2025)	0% (Nov 2024)	38.15 k	-0.65 L	Mid Cap	13.9
# Cummins India Ltd.	Compressors, pumps & diesel engines	0.03	65.2	0.03%	0.03%	0.1% (Jun 2025)	0% (Nov 2024)	15.00 k	15.00 k	Mid Cap	13.9
Kaynes Technology India Private Ltd.	Industrial products	0.03	62.4	0.03%	-0.01%	0.04% (Sep 2025)	0% (Nov 2024)	9.30 k	-2.40 k	Other	19.5
- Zydus Lifesciences Ltd.	Pharmaceuticals	2.98	59.6	0.02%	0.01%	0.24% (Nov 2024)	0.01% (Aug 2025)	61.20 k	26.10 k	Mid Cap	13.9
Bharat Petroleum Corporation Ltd.	Refineries & marketing	5.37	57.1	0.02%	-0.06%	0.41% (Nov 2024)	0.02% (Oct 2025)	1.60 L	-4.23 L	Large Cap	41.48
- Jubilant Foodworks Ltd.	Restaurants	0.02	56.8	0.02%	0.01%	0.15% (Mar 2025)	0% (Dec 2024)	95.00 k	32.50 k	Other	19.5
- Infosys Ltd.	Computers - software & consulting	2.1	39.1	0.02%	0.00%	2.68% (Jan 2025)	0.02% (Oct 2025)	26.40 k	0.00	Large Cap	41.48
Mankind Pharma Ltd.	Pharmaceuticals	2.98	34.9	0.01%	-0.02%	0.04% (Jun 2025)	0% (Nov 2024)	14.63 k	-0.16 L	Other	19.5
Titagarh Rail Systems Ltd.	Railway wagons	0.01	34.6	0.01%	0.00%	0.03% (Jul 2025)	0% (Nov 2024)	39.15 k	-0.73 k	Small Cap	4.26
- Cyient Ltd.	It enabled services	0.01	29.2	0.01%	0.00%	0.14% (Apr 2025)	0% (Nov 2024)	25.08 k	6.80 k	Small Cap	4.26
# Indian Bank	Public sector bank	2.56	24.9	0.01%	0.01%	0.06% (Dec 2024)	0% (Nov 2024)	29.00 k	29.00 k	Mid Cap	13.9
# Dalmia Bharat Ltd.	Cement & cement products	1.33	23.2	0.01%	0.01%	0.12% (Jun 2025)	0% (Nov 2024)	11.05 k	10.73 k	Mid Cap	13.9
# NHPC Ltd.	Power generation	1.65	21.7	0.01%	0.01%	0.05% (Apr 2025)	0% (Nov 2024)	2.56 L	2.56 L	Mid Cap	13.9
Oracle Financial Services Software Limited	Software products	0.01	21.1	0.01%	-0.01%	0.09% (Feb 2025)	0% (Nov 2024)	2.48 k	-3.00 k	Mid Cap	13.9
# Dr. Reddys Laboratories Ltd.	Pharmaceuticals	2.98	21	0.01%	0.01%	0.11% (Jun 2025)	0% (Nov 2024)	17.50 k	17.50 k	Other	19.5
# ICICI Lombard General Insurance Co Ltd.	General insurance	0.01	15.6	0.01%	0.01%	0.11% (Dec 2024)	0% (Nov 2024)	7.80 k	7.80 k	Large Cap	41.48
# Siemens Ltd.	Heavy electrical equipment	0.94	14.3	0.01%	0.01%	0.32% (Nov 2024)	0% (Nov 2024)	4.63 k	1.13 k	Large Cap	41.48
- Piramal Pharma Ltd.	Pharmaceuticals	2.98	14	0.01%	0.00%	0.01% (Jun 2025)	0% (Nov 2024)	70.00 k	0.00	Other	19.5
Info Edge (India) Ltd.	Internet & catalogue retail	0	9.3	0.00%	-0.15%	0.38% (Jun 2025)	0% (Oct 2025)	6.75 k	-2.51 L	Other	19.5
Astral Ltd.	Plastic products - industrial	0.05	8.6	0.00%	-0.04%	0.06% (Jan 2025)	0% (Nov 2024)	5.95 k	-0.59 L	Mid Cap	13.9
- ABB Power Products and Systems India Ltd.	Heavy electrical equipment	0.94	7.1	0.00%	0.00%	0% (Oct 2025)	0% (Nov 2024)	400.00	400.00	Other	19.5
- TVS Motor Company Ltd. - Preference Shares	2/3 wheelers	0.79	7	0.00%	0.00%	0% (Nov 2025)	0% (Nov 2025)	6.92 L	0.00	Other	19.5
- Pi Industries Ltd.	Pesticides & agrochemicals	0.14	4.4	0.00%	0.00%	0.06% (Dec 2024)	0% (Nov 2024)	1.23 k	1.23 k	Mid Cap	13.9
Tata Motors Ltd.	Passenger cars & utility vehicles	2.63	3.6	0.00%	-0.24%	0.97% (Jan 2025)	0% (Oct 2025)	8.80 k	-7.88 L	Large Cap	41.48
Angel One Ltd.	Stockbroking & allied	0	1.3	0.00%	-0.05%	0.07% (Dec 2024)	0% (Nov 2024)	500.00	-0.49 L	Other	19.5
- Godrej Consumer Products Ltd	Personal care	0.55	0.6	0.00%	0.00%	0.16% (Jun 2025)	0% (Nov 2024)	500.00	500.00	Large Cap	41.48
Edelweiss Securities Pvt. Ltd.	Stockbroking & allied	0	13.2	0.00%	-0.01%	-	-	-	-	Other	19.5
Bond - National Bank for Agriculture & Rural Development	Financial institution	1.25	1507.2	0.00%	-0.67%	-	-	-	-	Other	19.5
KEI Industries Ltd.	Cables - electricals	0.21	54.7	0.00%	-0.02%	-	-	-	-	Small Cap	4.26
Shree Cement Ltd.	Cement & cement products	1.33	7.3	0.00%	0.00%	-	-	-	-	Large Cap	41.48
Indraprastha Gas Ltd.	Lpg/cng/png/lng supplier	0.16	29.3	0.00%	-0.01%	-	-	-	-	Mid Cap	13.9

- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
- Godrej Consumer Products Ltd	Personal care	0.6	0.00%	0.00%	0.16% (Jun 2025)	0% (Nov 2024)	500.00	500
- Pi Industries Ltd.	Pesticides & agrochemicals	4.4	0.00%	0.00%	0.06% (Dec 2024)	0% (Nov 2024)	1.23 k	1225
# InterGlobe Aviation Ltd.	Airline	168.8	0.07%	0.07%	0.8% (May 2025)	0% (Nov 2024)	30.00 k	30000
# Life Insurance Corporation Of India	Life insurance	194.2	0.08%	0.08%	0.12% (Jun 2025)	0% (Nov 2024)	2.17 L	217000
# Bajaj Auto Ltd.	2/3 wheelers	88.7	0.04%	0.04%	0.49% (Jan 2025)	0% (Nov 2024)	9.98 k	9975
# Indian Renewable Energy Development Agency Ltd.	Financial institution	208.6	0.09%	0.09%	0.09% (Oct 2025)	0% (Nov 2024)	13.73 L	1373100
- ABB Power Products and Systems India Ltd.	Heavy electrical equipment	7.1	0.00%	0.00%	0% (Oct 2025)	0% (Nov 2024)	400.00	400
# Indian Bank	Public sector bank	24.9	0.01%	0.01%	0.06% (Dec 2024)	0% (Nov 2024)	29.00 k	29000
# NHPC Ltd.	Power generation	21.7	0.01%	0.01%	0.05% (Apr 2025)	0% (Nov 2024)	2.56 L	256000
# Cummins India Ltd.	Compressors, pumps & diesel engines	65.2	0.03%	0.03%	0.1% (Jun 2025)	0% (Nov 2024)	15.00 k	15000
# L&T Finance Holdings Ltd.	Investment company	153.3	0.06%	0.06%	0.06% (Oct 2025)	0% (Nov 2024)	5.67 L	566674
# Dr. Reddys Laboratories Ltd.	Pharmaceuticals	21	0.01%	0.01%	0.11% (Jun 2025)	0% (Nov 2024)	17.50 k	17500
# KPIT Technologies Ltd.	Computers - software & consulting	86.8	0.04%	0.04%	0.04% (Oct 2025)	0% (Nov 2024)	74.40 k	74400
# ICICI Lombard General Insurance Co Ltd.	General insurance	15.6	0.01%	0.01%	0.11% (Dec 2024)	0% (Nov 2024)	7.80 k	7800

Stocks removed from Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	1M Change in Qty
Edelweiss Securities Pvt. Ltd.	Stockbroking & allied	13.2	0.00%	-0.01%	0.01% (Sep 2025)	0% (Nov 2024)	-2100
Bond - National Bank for Agriculture & Rural Development	Financial institution	1507.2	0.00%	-0.67%	0% (Nov 2025)	0% (Nov 2025)	-15000
KEI Industries Ltd.	Cables - electricals	54.7	0.00%	-0.02%	0.06% (Apr 2025)	0% (Nov 2024)	-13475
- Shree Cement Ltd.	Cement & cement products	7.3	0.00%	0.00%	0.06% (Apr 2025)	0% (Nov 2024)	-250
Indraprastha Gas Ltd.	Lpg/cng/png/lng supplier	29.3	0.00%	-0.01%	0.2% (Nov 2024)	0% (Nov 2024)	-140250

Trend in stock holdings (Top 15 Holding)

Stock	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024	Oct 2024
Reliance Industries Ltd.	4.75%	4.59%	4.33%	3.76%	3.84%	4.08%	3.93%	4.40%	4.31%	4.45%	4.43%	3.96%	4.23%
ICICI Bank Ltd.	3.44%	3.56%	3.34%	2.99%	2.63%	2.94%	2.45%	2.56%	2.88%	2.38%	1.47%	1.54%	0.75%
HDFC Bank Ltd.	3.86%	3.92%	3.16%	2.69%	3.04%	2.65%	1.83%	2.00%	1.85%	1.82%	0.43%	1.34%	2.55%
Axis Bank Ltd.	2.78%	2.71%	2.45%	2.14%	1.76%	1.88%	1.99%	1.72%	2.10%	1.98%	2.01%	2.08%	1.16%
Mahindra & Mahindra Ltd.	2.19%	2.11%	1.91%	2.02%	1.69%	1.73%	1.32%	1.50%	1.60%	2.29%	2.29%	2.28%	2.18%
Vedanta Ltd.	1.41%	1.26%	1.07%	1.31%	1.27%	1.87%	2.07%	2.55%	2.31%	2.41%	1.61%	2.15%	1.99%
Infosys Ltd.	0.02%	0.02%	0.58%	0.86%	1.03%	1.96%	1.93%	2.13%	2.56%	2.68%	2.59%	2.63%	2.22%
Eternal Ltd.	2.56%	2.76%	2.51%	0.50%	0.39%	0.31%	0.08%	-	-	-	-	-	-
Zomato Ltd.	-	-	-	-	-	-	-	-	0.05%	0.22%	-	-	-
Bharti Airtel Ltd.	1.55%	1.59%	1.46%	1.20%	1.02%	1.04%	0.95%	0.75%	1.23%	1.78%	1.52%	1.57%	1.14%
Bajaj Finance Ltd.	1.38%	1.79%	1.71%	1.52%	1.30%	1.56%	0.95%	0.60%	0.45%	0.78%	0.97%	1.06%	1.14%
Adani Enterprises Ltd.	0.83%	0.89%	0.76%	0.92%	1.07%	1.07%	1.11%	1.24%	1.11%	1.25%	1.35%	1.34%	2.18%
Larsen & Toubro Ltd.	1.18%	1.09%	1.03%	1.11%	0.91%	0.86%	0.55%	0.33%	1.16%	1.69%	1.66%	1.73%	1.72%
Hindustan Aeronautics Ltd.	0.99%	0.99%	0.86%	0.94%	0.98%	1.08%	0.82%	0.95%	0.81%	1.10%	1.59%	1.64%	2.05%
Kotak Mahindra Bank Ltd.	1.56%	1.37%	1.23%	1.06%	0.74%	0.93%	0.32%	0.21%	1.91%	1.68%	1.31%	0.84%	0.65%
Vodafone Idea Ltd.	1.06%	1.04%	0.81%	0.97%	1.18%	0.77%	1.03%	1.00%	0.90%	1.02%	0.79%	1.29%	1.51%

No of Debt Holding 10 (Category Avg - 8.76) | Modified Duration 0.57 Years (Category Avg - 0.34)| Yield to Maturity 6.48% (Category Avg - 6.02%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	0.00%	0.97%
CD	0.00%	1.57%
T-Bills	0.00%	1.83%
CP	0.92%	0.89%
NCD & Bonds	1.92%	2.20%
PTC	0.00%	0.02%

Category - Arbitrage Fund

Security Type	% Weight	Category Average
Government Backed	0.00%	0.00%
Low Risk	2.84%	4.67%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Category - Arbitrage Fund

Debt holding in Portfolio (as on 31st Oct,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Barclays Investments & Loans (I) Ltd.	CP	Non banking financial company (nbfc)	A1+	ICRA	1491.93	0.62%	3.00 k
Bond - HDB Financial Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	1239.97	0.51%	1.24 k
Bond - Muthoot Finance Pvt. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA+	ICRA	1013.31	0.42%	10.00 k
Bond - HDB Financial Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	1003.47	0.41%	10.00 k
Bond - HDB Financial Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	552.72	0.23%	550.00
Bond - Muthoot Finance Pvt. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA+	CRISIL	502.32	0.21%	5.00 k
Bond - Standard Chartered Capital Ltd.	CP	Non banking financial company (nbfc)	A1+	ICRA	490.59	0.20%	1.00 k
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	254.19	0.10%	2.50 k
Bond - ICICI Securities Ltd.	CP	Stockbroking & allied	A1+	ICRA	245.58	0.10%	500.00
Bond - Kotak Mahindra Prime Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAAA	ICRA	101.67	0.04%	1.00 k

Name	Type of Instrument	Weight (%)
MF Units	MF Units	10.66%
MF Units	MF Units	4.77%
TREPS	TREPS	1.65%
MF Units	MF Units	0.75%
Margin	Margin	0.35%
MF Units	MF Units	0.22%
Cash and Bank	Cash and Bank	0.00%
Net Receivables	Net Receivables	-0.44%