Aditya Birla Sun Life Retirement Fund - The 50s 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.

Fund House : Aditya Birla Sun Life Mutual Fund

Portfolio Turnover Ratio : 9.00%. Category average turnover ratio is 47.56%. 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 : 25.52% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 25.52%

No of Stocks : 40 (Category Avg - 53.86) | Large Cap Investments : 11.58%| Mid Cap Investments : 2.82% | Small Cap Investments : 0.83% | Other : 10.26%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	40	57.78
Top 5 Stock Weight	8.33%	18.04%
Top 10 Stock Weight	13.27%	28.12%
Top 3 Sector Weight	9.96%	20.39%

Category - Retirement Fund

Particulars	This Scheme	Category
Average mcap (Cr)	19433.59	80305.02
Holdings in large cap stocks	11.58%	30.9%
Holdings in mid cap stocks	2.82%	8.92%
Holdings in small cap stocks	0.83%	9.54%

Category - Retirement 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
HDFC Bank Ltd.	Private sector bank	5.9	2.22%	0.05%	2.34% (Mar 2025)	0.96% (Nov 2024)	6.00 k
Bajaj Finance Ltd.	Non banking financial company (nbfc)	5.2	1.95%	0.06%	2.24% (Mar 2025)	0.24% (Nov 2024)	5.00 k
ICICI Bank Ltd.	Private sector bank	4.7	1.76%	-0.03%	2.56% (Mar 2025)	1.76% (Oct 2025)	3.50 k
Fortis Healthcare Ltd.	Hospital	3.3	1.25%	0.05%	1.33% (Oct 2025)	0.78% (Feb 2025)	3.26 k
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	3.1	1.15%	0.08%	1.15% (Oct 2025)	0.92% (Dec 2024)	1.50 k
Hindalco Industries Ltd.	Aluminium	3	1.11%	0.10%	1.11% (Oct 2025)	0.69% (Jan 2025)	3.50 k
Metropolis Healthcare Ltd.	Healthcare service provider	3	1.11%	-0.05%	1.24% (Aug 2025)	0.91% (Mar 2025)	1.50 k
State Bank Of India	Public sector bank	2.7	0.99%	0.06%	0.99% (Oct 2025)	0.78% (Feb 2025)	2.84 k
TD Power Systems Ltd.	Heavy electrical equipment	2.3	0.87%	0.20%	0.87% (Oct 2025)	0.37% (Feb 2025)	3.01 k
Max Financial Services Ltd.	Life insurance	2.3	0.86%	-0.03%	0.93% (Jun 2025)	0.59% (Feb 2025)	1.48 k

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

View complete holding

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

None
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	M-Cap	GroupName
HDFC Bank Ltd.	Private sector bank	5.73	5.9	2.22%	0.05%	2.34% (Mar 2025)	0.96% (Nov 2024)	6.00 k	Other	10.26
Bajaj Finance Ltd.	Non banking financial company (nbfc)	2.46	5.2	1.95%	0.06%	2.24% (Mar 2025)	0.24% (Nov 2024)	5.00 k	Other	10.26
ICICI Bank Ltd.	Private sector bank	5.73	4.7	1.76%	-0.03%	2.56% (Mar 2025)	1.76% (Oct 2025)	3.50 k	Large Cap	11.58
Fortis Healthcare Ltd.	Hospital	1.71	3.3	1.25%	0.05%	1.33% (Oct 2025)	0.78% (Feb 2025)	3.26 k	Other	10.26
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	1.15	3.1	1.15%	0.08%	1.15% (Oct 2025)	0.92% (Dec 2024)	1.50 k	Large Cap	11.58
Hindalco Industries Ltd.	Aluminium	1.11	3	1.11%	0.10%	1.11% (Oct 2025)	0.69% (Jan 2025)	3.50 k	Large Cap	11.58
Metropolis Healthcare Ltd.	Healthcare service provider	1.11	3	1.11%	-0.05%	1.24% (Aug 2025)	0.91% (Mar 2025)	1.50 k	Other	10.26
State Bank Of India	Public sector bank	1.77	2.7	0.99%	0.06%	0.99% (Oct 2025)	0.78% (Feb 2025)	2.84 k	Large Cap	11.58
TD Power Systems Ltd.	Heavy electrical equipment	0.87	2.3	0.87%	0.20%	0.87% (Oct 2025)	0.37% (Feb 2025)	3.01 k	Other	10.26
Max Financial Services Ltd.	Life insurance	1.15	2.3	0.86%	-0.03%	0.93% (Jun 2025)	0.59% (Feb 2025)	1.48 k	Mid Cap	2.82
Ultratech Cement Ltd.	Cement & cement products	0.84	2.3	0.84%	-0.03%	0.9% (Aug 2025)	0.76% (Feb 2025)	188.00	Large Cap	11.58
Axis Bank Ltd.	Private sector bank	5.73	2.1	0.78%	0.05%	0.79% (May 2025)	0.12% (Jan 2025)	1.70 k	Large Cap	11.58
Federal Bank Ltd.	Private sector bank	5.73	1.8	0.66%	0.12%	0.66% (Oct 2025)	0.55% (Aug 2025)	7.50 k	Mid Cap	2.82
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	1.29	1.7	0.63%	0.03%	0.85% (Dec 2024)	0.6% (Sep 2025)	1.00 k	Large Cap	11.58
S.J.S. Enterprises Ltd.	Auto components & equipments	0.88	1.6	0.60%	0.05%	0.6% (Oct 2025)	0.33% (Mar 2025)	1.00 k	Other	10.26
- Bajaj Auto Ltd.	2/3 wheelers	0.56	1.5	0.56%	0.01%	0.59% (Nov 2024)	0.5% (Mar 2025)	169.00	Large Cap	11.58
- Infosys Ltd.	Computers - software & consulting	0.98	1.5	0.55%	0.01%	1.77% (Dec 2024)	0.55% (Sep 2025)	1.00 k	Large Cap	11.58
Larsen & Toubro Ltd.	Civil construction	0.77	1.5	0.55%	0.04%	1.29% (Dec 2024)	0.46% (Feb 2025)	366.00	Large Cap	11.58
Dixon Technologies (India) Ltd.	Consumer electronics	0.53	1.4	0.53%	-0.04%	0.64% (Dec 2024)	0.47% (Mar 2025)	92.00	Other	10.26
Torrent Pharmaceuticals Ltd.	Pharmaceuticals	1.29	1.3	0.48%	-0.01%	0.52% (Jul 2025)	0.43% (Feb 2025)	363.00	Mid Cap	2.82
Godrej Consumer Products Ltd	Personal care	0.47	1.3	0.47%	-0.03%	0.55% (May 2025)	0.45% (Feb 2025)	1.11 k	Large Cap	11.58
Apollo Hospitals Enterprises Ltd.	Hospital	1.71	1.2	0.46%	0.01%	0.47% (Aug 2025)	0.42% (May 2025)	160.00	Mid Cap	2.82
Tech Mahindra Ltd.	Computers - software & consulting	0.98	1.1	0.43%	0.00%	0.51% (Jun 2025)	0.42% (Sep 2025)	800.00	Large Cap	11.58
Bank Of Baroda	Public sector bank	1.77	1.1	0.41%	0.02%	0.41% (Oct 2025)	0.31% (Feb 2025)	3.90 k	Large Cap	11.58
SBFC Finance Ltd.	Non banking financial company (nbfc)	2.46	1.1	0.40%	0.02%	0.42% (Jul 2025)	0.31% (Feb 2025)	9.41 k	Other	10.26
Vinati Organics Ltd.	Specialty chemicals	0.37	1	0.37%	-0.02%	0.45% (Jun 2025)	0.37% (Feb 2025)	605.00	Other	10.26
Avenue Supermarts Ltd.	Diversified retail	0.37	1	0.37%	-0.03%	0.43% (Aug 2025)	0.33% (Feb 2025)	240.00	Large Cap	11.58
Bank of Maharashtra	Public sector bank	1.77	1	0.37%	0.01%	0.38% (Oct 2025)	0.3% (Apr 2025)	16.88 k	Small Cap	0.83
Whirlpool Of India Ltd.	Household appliances	0.43	1	0.36%	0.05%	0.5% (Dec 2024)	0.25% (Feb 2025)	680.00	Mid Cap	2.82
Kotak Mahindra Bank Ltd.	Private sector bank	5.73	0.8	0.31%	0.01%	0.34% (Apr 2025)	0.27% (Nov 2024)	400.00	Large Cap	11.58
Eternal Ltd.	E-retail/ e-commerce	0.3	0.8	0.30%	-0.01%	0.33% (Oct 2025)	0.2% (Mar 2025)	2.50 k	Other	10.26
SBI Life Insurance Co Ltd.	Life insurance	1.15	0.8	0.29%	0.02%	0.29% (Oct 2025)	0.27% (Jun 2025)	401.00	Large Cap	11.58
Sona BLW Precision Forgings Ltd.	Auto components & equipments	0.88	0.8	0.28%	0.03%	0.41% (Nov 2024)	0.25% (Sep 2025)	1.59 k	Other	10.26
Mrs.Bectors Food Specialities Ltd.	Packaged foods	0.27	0.7	0.27%	0.01%	0.37% (Nov 2024)	0.25% (Oct 2025)	534.00	Other	10.26
- HG Infra Engineering Ltd.	Civil construction	0.77	0.6	0.22%	0.00%	0.37% (Dec 2024)	0.22% (Oct 2025)	638.00	Small Cap	0.83
National Thermal Power Corporation Ltd.	Power generation	0.2	0.5	0.20%	0.00%	0.22% (Apr 2025)	0.19% (Feb 2025)	1.60 k	Large Cap	11.58
- Cipla Ltd.	Pharmaceuticals	1.29	0.5	0.18%	0.00%	0.19% (Aug 2025)	0.18% (Dec 2024)	318.00	Large Cap	11.58
- Praj Industries Ltd.	Industrial products	0.17	0.5	0.17%	0.00%	0.42% (Nov 2024)	0.17% (Sep 2025)	1.33 k	Small Cap	0.83
Cholamandalam Investment & Finance Co. Ltd.	Non banking financial company (nbfc)	2.46	0.3	0.11%	0.00%	0.11% (Oct 2025)	0.08% (Dec 2024)	169.00	Other	10.26
- V-Guard Industries Ltd.	Household appliances	0.43	0.2	0.07%	0.00%	0.5% (Dec 2024)	0.06% (Feb 2025)	500.00	Small Cap	0.83

- 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
No new entrants in the portfolio in the last month.

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	Quantity	1M Change in Qty
No complete exits in the portfolio in the last month.

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
ICICI Bank Ltd.	1.76%	1.79%	1.85%	1.97%	1.93%	1.93%	1.92%	2.56%	2.34%	2.39%	2.42%	2.44%	2.40%
HDFC Bank Ltd.	2.22%	2.16%	2.16%	2.30%	2.28%	2.23%	2.22%	2.34%	2.27%	1.85%	1.91%	0.96%	1.41%
Bajaj Finance Ltd.	1.95%	1.89%	1.66%	1.68%	1.78%	1.75%	1.66%	2.24%	2.19%	1.52%	0.25%	0.24%	0.24%
Infosys Ltd.	0.55%	0.55%	0.72%	0.75%	0.79%	0.78%	0.75%	1.41%	1.55%	1.70%	1.68%	1.65%	1.55%
Metropolis Healthcare Ltd.	1.11%	1.16%	1.24%	1.14%	0.97%	0.96%	0.98%	0.91%	-	-	-	-	-
Bharti Airtel Ltd.	1.15%	1.07%	1.07%	1.09%	1.15%	1.06%	1.08%	1.01%	0.94%	0.96%	0.92%	0.94%	0.92%
Tata Consultancy Services Ltd.	-	-	-	-	-	-	-	0.98%	-	-	-	-	-
Fortis Healthcare Ltd.	1.25%	1.20%	1.13%	1.06%	0.99%	0.88%	0.86%	0.89%	0.80%	0.82%	0.91%	0.83%	0.78%
State Bank Of India	0.99%	0.94%	0.86%	0.86%	0.88%	0.88%	0.86%	0.85%	0.78%	0.86%	0.87%	0.92%	0.89%
Hindalco Industries Ltd.	1.11%	1.01%	0.93%	0.91%	0.92%	0.85%	0.84%	0.93%	0.76%	0.70%	0.70%	0.76%	0.78%
Ultratech Cement Ltd.	0.84%	0.87%	0.90%	0.88%	0.87%	0.80%	0.84%	0.84%	0.76%	0.85%	0.83%	0.81%	0.79%
Max Financial Services Ltd.	0.86%	0.88%	0.90%	0.85%	0.93%	0.85%	0.74%	0.66%	0.59%	0.65%	0.64%	0.65%	0.72%
Larsen & Toubro Ltd.	0.55%	0.51%	0.50%	0.51%	0.51%	0.51%	0.47%	0.50%	0.46%	1.21%	1.21%	1.24%	1.19%
Sun Pharmaceutical Industries Ltd.	0.63%	0.60%	0.60%	0.65%	0.64%	0.64%	0.71%	0.79%	0.74%	0.80%	0.85%	0.80%	0.82%
Axis Bank Ltd.	0.78%	0.73%	0.67%	0.69%	0.78%	0.77%	0.78%	0.73%	0.69%	0.12%	-	-	-

No of Debt Holding 7 (Category Avg - 8.48) | Modified Duration 2.51 Years (Category Avg - 5.45)| Yield to Maturity 6.14% (Category Avg - 6.65%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	56.69%	23.21%
T-Bills	0.00%	0.01%
NCD & Bonds	7.84%	8.71%
PTC	0.00%	0.32%

Category - Retirement Fund

Security Type	% Weight	Category Average
Government Backed	56.69%	23.22%
Low Risk	7.84%	9.04%
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 - Retirement Fund

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

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Govt of India	GOI	Other			51.84	19.40%	5.00 L
Bond - Govt of India	GOI	Other			50.34	18.84%	5.00 L
Bond - Govt of India	GOI	Other			23.37	8.75%	2.25 L
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	20.96	7.84%	20.00
Bond - Govt of India	GOI	Other			10.00	3.74%	1.00 L
Bond - Govt of India	GOI	Other			8.16	3.05%	80.00 k
Bond - Govt of India	GOI	Other			7.77	2.91%	75.00 k