Axis ELSS Tax Saver Fund - 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 : ELSS

Equity Holding : 98.44% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 98.44%

No of Stocks : 98 (Category Avg - 53.75) | Large Cap Investments : 44.58%| Mid Cap Investments : 15.45% | Small Cap Investments : 6.15% | Other : 32.22%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	98	53.75
Top 5 Stock Weight	26.17%	27.25%
Top 10 Stock Weight	38.54%	43.81%
Top 3 Sector Weight	30.28%	31.83%

Category - ELSS

Particulars	This Scheme	Category
Average mcap (Cr)	101341.57	93693.67
Holdings in large cap stocks	44.58%	39.39%
Holdings in mid cap stocks	15.45%	11.3%
Holdings in small cap stocks	6.15%	16.78%

Category - ELSS

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
HDFC Bank Ltd.	Private sector bank	26565	7.55%	-0.32%	8.62% (Apr 2025)	7.06% (Nov 2024)	2.69 Cr	-0.15 Cr
ICICI Bank Ltd.	Private sector bank	20678.2	5.88%	-0.16%	6.47% (Jul 2025)	4.27% (Nov 2024)	1.54 Cr	0.00
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	16707.4	4.75%	0.30%	4.75% (Oct 2025)	3.76% (Nov 2024)	81.32 L	0.00
Bajaj Finance Ltd.	Non banking financial company (nbfc)	15567.7	4.43%	-0.32%	4.82% (Feb 2025)	3.89% (Dec 2024)	1.49 Cr	-0.14 Cr
Infosys Ltd.	Computers - software & consulting	12526.8	3.56%	0.01%	3.56% (Oct 2025)	2.52% (Nov 2024)	84.51 L	0.00
Larsen & Toubro Ltd.	Civil construction	9289.1	2.64%	0.18%	2.64% (Oct 2025)	1.82% (Jun 2025)	23.04 L	0.00
Eternal Ltd.	E-retail/ e-commerce	9026.2	2.57%	-0.38%	2.95% (Aug 2025)	2.05% (Mar 2025)	2.84 Cr	-0.27 Cr
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	8946	2.54%	-0.20%	2.79% (Jan 2025)	2.27% (May 2025)	25.65 L	-1.79 L
Ultratech Cement Ltd.	Cement & cement products	8332.4	2.37%	-0.12%	2.55% (Aug 2025)	1.82% (Nov 2024)	6.97 L	0.00
Torrent Power Ltd.	Integrated power utilities	7912.1	2.25%	-0.13%	4.26% (Nov 2024)	2.25% (Oct 2025)	60.10 L	-6.78 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
HDFC Bank Ltd.	Private sector bank	16.49	26565	7.55%	-0.32%	8.62% (Apr 2025)	7.06% (Nov 2024)	2.69 Cr	-0.15 Cr	Other	32.22
ICICI Bank Ltd.	Private sector bank	16.49	20678.2	5.88%	-0.16%	6.47% (Jul 2025)	4.27% (Nov 2024)	1.54 Cr	0.00	Large Cap	44.58
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	4.99	16707.4	4.75%	0.30%	4.75% (Oct 2025)	3.76% (Nov 2024)	81.32 L	0.00	Large Cap	44.58
Bajaj Finance Ltd.	Non banking financial company (nbfc)	7.13	15567.7	4.43%	-0.32%	4.82% (Feb 2025)	3.89% (Dec 2024)	1.49 Cr	-0.14 Cr	Other	32.22
Infosys Ltd.	Computers - software & consulting	6.66	12526.8	3.56%	0.01%	3.56% (Oct 2025)	2.52% (Nov 2024)	84.51 L	0.00	Large Cap	44.58
Larsen & Toubro Ltd.	Civil construction	2.64	9289.1	2.64%	0.18%	2.64% (Oct 2025)	1.82% (Jun 2025)	23.04 L	0.00	Large Cap	44.58
Eternal Ltd.	E-retail/ e-commerce	2.57	9026.2	2.57%	-0.38%	2.95% (Aug 2025)	2.05% (Mar 2025)	2.84 Cr	-0.27 Cr	Other	32.22
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	4.09	8946	2.54%	-0.20%	2.79% (Jan 2025)	2.27% (May 2025)	25.65 L	-1.79 L	Large Cap	44.58
Ultratech Cement Ltd.	Cement & cement products	2.37	8332.4	2.37%	-0.12%	2.55% (Aug 2025)	1.82% (Nov 2024)	6.97 L	0.00	Large Cap	44.58
Torrent Power Ltd.	Integrated power utilities	2.41	7912.1	2.25%	-0.13%	4.26% (Nov 2024)	2.25% (Oct 2025)	60.10 L	-6.78 L	Mid Cap	15.45
Divis Laboratories Ltd.	Pharmaceuticals	5.7	7707.2	2.19%	0.41%	2.65% (Nov 2024)	1.78% (Sep 2025)	11.44 L	67.95 k	Large Cap	44.58
Tata Consultancy Services Ltd.	Computers - software & consulting	6.66	7568	2.15%	-0.03%	4.01% (Nov 2024)	2.15% (Oct 2025)	24.75 L	-1.13 L	Large Cap	44.58
State Bank Of India	Public sector bank	2.09	7335.3	2.09%	0.17%	2.09% (Oct 2025)	1.38% (Nov 2024)	78.28 L	3.11 L	Large Cap	44.58
Cholamandalam Investment & Finance Co. Ltd.	Non banking financial company (nbfc)	7.13	7250.3	2.06%	0.05%	2.26% (Mar 2025)	1.67% (Dec 2024)	42.73 L	0.00	Other	32.22
Pidilite Industries Ltd.	Specialty chemicals	2.05	7226.9	2.05%	-0.11%	2.23% (Aug 2025)	2.04% (Dec 2024)	50.03 L	-0.46 L	Large Cap	44.58
InterGlobe Aviation Ltd.	Airline	1.97	6928.4	1.97%	-0.04%	2.07% (Jul 2025)	1.52% (Nov 2024)	12.32 L	0.00	Large Cap	44.58
CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	2.88	6220.6	1.77%	-0.06%	1.94% (Nov 2024)	1.56% (Feb 2025)	84.44 L	0.00	Small Cap	6.15
Pi Industries Ltd.	Pesticides & agrochemicals	1.75	6163.1	1.75%	-0.01%	2.08% (Jul 2025)	1.61% (Feb 2025)	17.23 L	0.00	Mid Cap	15.45
Indian Hotels Company Limited	Hotels & resorts	1.48	5201.1	1.48%	0.01%	1.77% (Dec 2024)	1.43% (Jun 2025)	70.11 L	0.00	Mid Cap	15.45
Reliance Industries Ltd.	Refineries & marketing	1.53	5139.7	1.46%	-0.54%	2.2% (Jun 2025)	0.93% (Dec 2024)	34.58 L	-0.16 Cr	Large Cap	44.58
Vishal Mega Mart Ltd.	Diversified retail	2.22	5080.4	1.44%	-0.01%	1.46% (Sep 2025)	0% (Nov 2024)	3.51 Cr	15.70 L	Other	32.22
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	5.7	4387.8	1.25%	0.04%	2.11% (Dec 2024)	1.2% (Aug 2025)	25.95 L	0.00	Large Cap	44.58
Federal Bank Ltd.	Private sector bank	16.49	4343.5	1.23%	0.20%	1.23% (Oct 2025)	0.98% (May 2025)	1.84 Cr	0.00	Mid Cap	15.45
- TVS Motor Company Ltd.	2/3 wheelers	2.43	4244.7	1.21%	-0.01%	1.34% (Jun 2025)	1.15% (Aug 2025)	12.10 L	0.00	Mid Cap	15.45
Kotak Mahindra Bank Ltd.	Private sector bank	16.49	3998.4	1.14%	0.03%	1.83% (Mar 2025)	1.1% (Sep 2025)	19.02 L	0.00	Large Cap	44.58
Hindustan Unilever Ltd.	Diversified fmcg	1.11	3894.1	1.11%	-0.05%	1.22% (Aug 2025)	0.47% (Jun 2025)	15.79 L	0.00	Large Cap	44.58
Apollo Hospitals Enterprises Ltd.	Hospital	3.08	3793.4	1.08%	0.01%	1.09% (Aug 2025)	0.85% (Nov 2024)	4.94 L	0.00	Mid Cap	15.45
PB Fintech Ltd.	Financial technology (fintech)	1.08	3785.7	1.08%	0.12%	1.13% (Dec 2024)	0.88% (Feb 2025)	21.20 L	1.95 L	Other	32.22
Hyundai Motor India Ltd.	Passenger cars & utility vehicles	4.09	3697.9	1.05%	0.02%	1.05% (Oct 2025)	0.47% (Apr 2025)	15.16 L	1.44 L	Other	32.22
Titan Company Ltd.	Gems, jewellery and watches	1.03	3624.2	1.03%	0.08%	1.03% (Oct 2025)	0.38% (Nov 2024)	9.67 L	0.00	Large Cap	44.58
Info Edge (India) Ltd.	Internet & catalogue retail	1.01	3559.1	1.01%	0.04%	1.93% (Dec 2024)	0.95% (Aug 2025)	25.82 L	26.50 k	Other	32.22
Bharat Electronics Ltd.	Aerospace & defense	1.53	3471.6	0.99%	0.13%	0.99% (Oct 2025)	0.56% (Feb 2025)	81.47 L	8.41 L	Mid Cap	15.45
HDFC Life Insurance Company Ltd.	Life insurance	1.06	3459.5	0.98%	-0.06%	1.06% (Jun 2025)	0.81% (Dec 2024)	47.27 L	0.00	Large Cap	44.58
Mankind Pharma Ltd.	Pharmaceuticals	5.7	3172.9	0.90%	-0.04%	1.07% (Dec 2024)	0.83% (Nov 2024)	13.31 L	0.00	Other	32.22
Fortis Healthcare Ltd.	Hospital	3.08	3114.8	0.89%	-0.09%	0.97% (Sep 2025)	0.68% (Apr 2025)	30.45 L	-3.98 L	Other	32.22
Sona BLW Precision Forgings Ltd.	Auto components & equipments	2.24	3030.9	0.86%	0.09%	1.26% (Nov 2024)	0.77% (Sep 2025)	64.11 L	0.00	Other	32.22
Cummins India Ltd.	Compressors, pumps & diesel engines	0.84	2950.4	0.84%	0.06%	0.92% (Nov 2024)	0.53% (Apr 2025)	6.79 L	0.00	Mid Cap	15.45
Bajaj Auto Ltd.	2/3 wheelers	2.43	2848.5	0.81%	-0.14%	1.53% (Nov 2024)	0.81% (Oct 2025)	3.20 L	-0.56 L	Large Cap	44.58
Avenue Supermarts Ltd.	Diversified retail	2.22	2745	0.78%	-0.67%	2.16% (Nov 2024)	0.78% (Oct 2025)	6.61 L	-4.48 L	Large Cap	44.58
Trent Limited	Speciality retail	0.72	2549.9	0.72%	-0.02%	0.74% (Sep 2025)	0.51% (Apr 2025)	5.43 L	0.00	Mid Cap	15.45
Max Healthcare Institute Ltd.	Hospital	3.08	2492.5	0.71%	0.24%	0.72% (Dec 2024)	0.45% (Apr 2025)	21.72 L	7.32 L	Other	32.22
Karur Vysya Bank Ltd	Private sector bank	16.49	2430.6	0.69%	0.08%	0.69% (Oct 2025)	0.48% (Dec 2024)	99.96 L	0.00	Small Cap	6.15
ICICI Lombard General Insurance Co Ltd.	General insurance	0.66	2310.9	0.66%	0.17%	0.66% (Oct 2025)	0.46% (May 2025)	11.59 L	2.83 L	Large Cap	44.58
Nestle India Ltd.	Packaged foods	0.62	2184	0.62%	0.17%	1.26% (Nov 2024)	0.45% (Sep 2025)	17.18 L	3.74 L	Other	32.22
- GE T&D India Ltd.	Heavy electrical equipment	2.88	2176.6	0.62%	0.00%	0.62% (Oct 2025)	0% (Nov 2024)	7.17 L	0.00	Small Cap	6.15
Varun Beverages Ltd.	Other beverages	0.62	2170.1	0.62%	0.02%	0.71% (Dec 2024)	0.54% (Feb 2025)	46.21 L	0.00	Other	32.22
Apar Industries Ltd.	Other electrical equipment	1.12	2146	0.61%	0.02%	0.63% (Jul 2025)	0.34% (Apr 2025)	2.47 L	0.00	Small Cap	6.15
Navin Flourine International Ltd.	Commodity chemicals	0.82	2143.6	0.61%	0.19%	0.61% (Oct 2025)	0.25% (Dec 2024)	3.77 L	62.11 k	Small Cap	6.15
UNO Minda Ltd.	Auto components & equipments	2.24	2015.3	0.57%	-0.04%	0.62% (Sep 2025)	0% (Nov 2024)	16.32 L	0.00	Small Cap	6.15
Hindustan Aeronautics Ltd.	Aerospace & defense	1.53	1887.6	0.54%	0.08%	0.54% (Oct 2025)	0% (Nov 2024)	4.03 L	70.38 k	Other	32.22
Schaeffler India Ltd.	Auto components & equipments	2.24	1858.5	0.53%	-0.04%	0.57% (Sep 2025)	0.44% (Dec 2024)	4.62 L	0.00	Other	32.22
J.b. Chemicals & Pharmaceuticals Ltd.	Pharmaceuticals	5.7	1829.7	0.52%	-0.02%	0.54% (Aug 2025)	0% (Nov 2024)	10.88 L	0.00	Other	32.22
Premier Energies Ltd.	Other electrical equipment	1.12	1795	0.51%	0.02%	0.51% (Oct 2025)	0% (Nov 2024)	16.42 L	0.00	Other	32.22
- Cipla Ltd.	Pharmaceuticals	5.7	1780.6	0.51%	0.00%	0.87% (Feb 2025)	0.51% (Oct 2025)	11.86 L	28.74 k	Large Cap	44.58
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	4.09	1765.7	0.50%	-0.01%	0.51% (Sep 2025)	0% (Nov 2024)	1.09 L	0.00	Large Cap	44.58
Rural Electrification Corporation Limited	Financial institution	0.49	1721.3	0.49%	-0.08%	0.68% (Jan 2025)	0.49% (Oct 2025)	45.92 L	-6.60 L	Mid Cap	15.45
Prestige Estates Projects Ltd.	Residential, commercial projects	1.16	1646.9	0.47%	0.05%	0.47% (Oct 2025)	0.33% (Mar 2025)	9.44 L	0.00	Mid Cap	15.45
- Blue Star Ltd.	Household appliances	0.6	1645	0.47%	0.00%	0.47% (Oct 2025)	0% (Nov 2024)	8.49 L	0.00	Small Cap	6.15
Dixon Technologies (India) Ltd.	Consumer electronics	0.9	1599.8	0.45%	-0.04%	0.52% (Dec 2024)	0.4% (Mar 2025)	1.03 L	0.00	Other	32.22
Sundaram Finance Limited	Non banking financial company (nbfc)	7.13	1515.3	0.43%	0.01%	1.05% (Nov 2024)	0.42% (Sep 2025)	3.30 L	0.00	Mid Cap	15.45
Solar Industries India Ltd.	Explosives	0.42	1494.2	0.42%	0.08%	0.42% (Oct 2025)	0% (Nov 2024)	1.08 L	19.02 k	Small Cap	6.15
Persistent Systems Ltd.	Computers - software & consulting	6.66	1488.5	0.42%	0.16%	1.08% (Dec 2024)	0.27% (Sep 2025)	2.52 L	61.91 k	Other	32.22
Godrej Consumer Products Ltd	Personal care	0.42	1486	0.42%	-0.03%	0.48% (Aug 2025)	0.23% (Dec 2024)	13.28 L	0.00	Large Cap	44.58
- Krishna Institute of Medical Sciences Ltd.	Hospital	3.08	1413.9	0.40%	0.00%	0.42% (Jul 2025)	0% (Nov 2024)	19.61 L	0.00	Other	32.22
Eicher Motors Ltd.	2/3 wheelers	2.43	1401.6	0.40%	-0.01%	0.41% (Sep 2025)	0% (Nov 2024)	2.00 L	0.00	Other	32.22
Kaynes Technology India Private Ltd.	Industrial products	0.69	1344.1	0.38%	-0.08%	0.46% (Sep 2025)	0% (Nov 2024)	2.00 L	-0.22 L	Other	32.22
Coromandel International Ltd.	Fertilizers	0.37	1310.2	0.37%	-0.03%	0.47% (Jul 2025)	0.28% (Nov 2024)	6.17 L	0.00	Mid Cap	15.45
Siemens Energy India Ltd.	Power generation	0.36	1264.4	0.36%	-0.04%	0.4% (Sep 2025)	0% (Nov 2024)	3.97 L	0.00	Other	32.22
# LG Electronics India Pvt. Ltd.	Consumer electronics	0.9	1248.5	0.35%	0.35%	0.35% (Oct 2025)	0% (Nov 2024)	7.50 L	7.50 L	Other	32.22
Hindalco Industries Ltd.	Aluminium	0.34	1198	0.34%	0.03%	0.34% (Oct 2025)	0.24% (Dec 2024)	14.13 L	0.00	Large Cap	44.58
# Jindal Steel Ltd.	Iron & steel products	0.34	1183.7	0.34%	0.34%	0.34% (Oct 2025)	0% (Nov 2024)	11.10 L	11.10 L	Mid Cap	15.45
Torrent Pharmaceuticals Ltd.	Pharmaceuticals	5.7	1178.1	0.33%	-0.01%	0.35% (Jul 2025)	0% (Nov 2024)	3.31 L	0.00	Mid Cap	15.45
Phoenix Mills Ltd.	Residential, commercial projects	1.16	1120.6	0.32%	0.02%	0.46% (Jan 2025)	0.24% (Nov 2024)	6.66 L	0.00	Small Cap	6.15
Jyoti CNC Automation Ltd.	Industrial products	0.69	1107.9	0.31%	0.00%	0.37% (Jul 2025)	0.08% (Nov 2024)	12.82 L	0.00	Other	32.22
# Bajaj Finserv Ltd	Holding company	0.31	1092.1	0.31%	0.31%	0.31% (Oct 2025)	0% (Nov 2024)	5.23 L	5.23 L	Other	32.22
- Tech Mahindra Ltd.	Computers - software & consulting	6.66	1091	0.31%	0.00%	0.59% (Nov 2024)	0.31% (Oct 2025)	7.66 L	0.00	Large Cap	44.58
Godrej Properties Ltd.	Residential, commercial projects	1.16	1056.7	0.30%	0.04%	0.36% (Dec 2024)	0.26% (Aug 2025)	4.62 L	0.00	Mid Cap	15.45
Anthem Biosciences Ltd.	Biotechnology	0.29	1023	0.29%	-0.03%	0.32% (Sep 2025)	0% (Nov 2024)	14.41 L	0.00	Other	32.22
Motherson Sumi Systems Ltd.	Auto components & equipments	2.24	979.1	0.28%	-0.01%	0.29% (Sep 2025)	0.23% (Feb 2025)	92.90 L	0.00	Large Cap	44.58
- Astral Ltd.	Plastic products - industrial	0.26	931.9	0.26%	0.01%	1.02% (Nov 2024)	0.26% (Sep 2025)	6.43 L	0.00	Mid Cap	15.45
# Tata Communications Ltd.	Telecom - cellular & fixed line services	4.99	835.3	0.24%	0.24%	0.24% (Oct 2025)	0% (Nov 2024)	4.45 L	4.45 L	Mid Cap	15.45
- Tata Consumer Products Ltd.	Tea & coffee	0.23	823	0.23%	0.00%	0.23% (Oct 2025)	0% (Nov 2024)	7.06 L	0.00	Mid Cap	15.45
ABB Power Products and Systems India Ltd.	Heavy electrical equipment	2.88	814.4	0.23%	-0.01%	0.26% (Jul 2025)	0% (Nov 2024)	45.81 k	0.00	Other	32.22
HCL Technologies Limited	Computers - software & consulting	6.66	768.4	0.22%	0.02%	0.24% (Jun 2025)	0% (Nov 2024)	4.98 L	0.00	Large Cap	44.58
Clean Science and Technology Ltd.	Commodity chemicals	0.82	754.4	0.21%	-0.03%	0.33% (May 2025)	0.21% (Oct 2025)	7.48 L	0.00	Other	32.22
HDFC Asset Management Co. Ltd.	Asset management company	0.21	736.9	0.21%	-0.01%	0.22% (Sep 2025)	0% (Nov 2024)	1.37 L	0.00	Large Cap	44.58
Tata Power Co. Ltd.	Integrated power utilities	2.41	562.9	0.16%	0.04%	0.16% (Oct 2025)	0% (Nov 2024)	13.90 L	3.71 L	Mid Cap	15.45
# Bharat Heavy Electricals Ltd.	Heavy electrical equipment	2.88	467.9	0.13%	0.13%	0.13% (Oct 2025)	0% (Nov 2024)	17.62 L	17.62 L	Mid Cap	15.45
- Siemens Ltd.	Heavy electrical equipment	2.88	466	0.13%	0.00%	0.31% (Dec 2024)	0.13% (Sep 2025)	1.50 L	8.96 k	Large Cap	44.58
- Crompton Greaves Consumer Electricals Ltd.	Household appliances	0.6	449	0.13%	-0.01%	0.5% (Nov 2024)	0.13% (Oct 2025)	15.88 L	0.00	Mid Cap	15.45
- HDB Financial Services Ltd.	Non banking financial company (nbfc)	7.13	370.6	0.11%	-0.01%	0.27% (Jul 2025)	0% (Nov 2024)	5.07 L	0.00	Other	32.22
Havells India Ltd.	Consumer electronics	0.9	362.1	0.10%	0.00%	0.32% (Dec 2024)	0.1% (Oct 2025)	2.42 L	0.00	Large Cap	44.58
# Tata Capital Ltd.	Non banking financial company (nbfc)	7.13	361.3	0.10%	0.10%	0.1% (Oct 2025)	0% (Nov 2024)	11.04 L	11.04 L	Other	32.22
- ICICI Prudential Life Insurance Co Ltd.	Life insurance	1.06	286.4	0.08%	0.00%	0.64% (Nov 2024)	0.08% (Oct 2025)	4.85 L	0.00	Large Cap	44.58
Brigade Enterprises Ltd.	Residential, commercial projects	1.16	245.4	0.07%	0.01%	0.2% (Jan 2025)	0% (Nov 2024)	2.36 L	0.00	Small Cap	6.15
# Bharat Petroleum Corporation Ltd.	Refineries & marketing	1.53	232.9	0.07%	0.07%	0.07% (Oct 2025)	0% (Nov 2024)	6.53 L	6.53 L	Large Cap	44.58
# L&T Finance Holdings Ltd.	Investment company	0.02	68.5	0.02%	0.02%	0.02% (Oct 2025)	0% (Nov 2024)	2.53 L	2.53 L	Mid Cap	15.45
# TVS Motor Company Ltd. - Preference Shares	2/3 wheelers	2.43	48.8	0.01%	0.00%	0% (Nov 2025)	0% (Nov 2025)	48.39 L	0.00	Other	32.22
Tata Steel Ltd.	Iron & steel products	0.34	219.4	0.00%	-0.06%	-	-	-	-	Other	32.22

- 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
# Jindal Steel Ltd.	Iron & steel products	1183.7	0.34%	0.34%	0.34% (Oct 2025)	0% (Nov 2024)	11.10 L	1109542
# L&T Finance Holdings Ltd.	Investment company	68.5	0.02%	0.02%	0.02% (Oct 2025)	0% (Nov 2024)	2.53 L	253168
# Tata Communications Ltd.	Telecom - cellular & fixed line services	835.3	0.24%	0.24%	0.24% (Oct 2025)	0% (Nov 2024)	4.45 L	445415
# Tata Capital Ltd.	Non banking financial company (nbfc)	361.3	0.10%	0.10%	0.1% (Oct 2025)	0% (Nov 2024)	11.04 L	1104003
# LG Electronics India Pvt. Ltd.	Consumer electronics	1248.5	0.35%	0.35%	0.35% (Oct 2025)	0% (Nov 2024)	7.50 L	750479
# Bajaj Finserv Ltd	Holding company	1092.1	0.31%	0.31%	0.31% (Oct 2025)	0% (Nov 2024)	5.23 L	522971
# Bharat Petroleum Corporation Ltd.	Refineries & marketing	232.9	0.07%	0.07%	0.07% (Oct 2025)	0% (Nov 2024)	6.53 L	652647
# Bharat Heavy Electricals Ltd.	Heavy electrical equipment	467.9	0.13%	0.13%	0.13% (Oct 2025)	0% (Nov 2024)	17.62 L	1762249

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
Tata Steel Ltd.	Iron & steel products	219.4	0.00%	-0.06%	0.54% (Mar 2025)	0% (Nov 2024)	0.00	-1300000

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
HDFC Bank Ltd.	7.55%	7.87%	8.17%	8.50%	8.38%	8.35%	8.62%	8.37%	7.90%	7.22%	7.13%	7.06%	6.80%
ICICI Bank Ltd.	5.88%	6.04%	6.22%	6.47%	6.04%	5.93%	5.78%	5.44%	4.97%	4.82%	4.63%	4.27%	4.12%
Bajaj Finance Ltd.	4.43%	4.74%	4.14%	4.08%	4.21%	4.23%	4.12%	4.76%	4.82%	4.55%	3.89%	3.94%	4.19%
Bharti Airtel Ltd.	4.75%	4.45%	4.45%	4.28%	4.36%	4.13%	4.39%	4.18%	4.29%	4.14%	3.88%	3.76%	3.56%
Torrent Power Ltd.	2.25%	2.38%	2.48%	2.69%	3.06%	2.99%	3.45%	3.49%	3.20%	3.68%	3.68%	4.26%	5.15%
Tata Consultancy Services Ltd.	2.15%	2.18%	2.77%	2.68%	2.96%	3.04%	3.20%	3.45%	3.54%	3.90%	3.72%	4.01%	3.61%
Infosys Ltd.	3.56%	3.55%	3.50%	3.13%	2.92%	2.92%	2.65%	2.84%	3.24%	3.21%	2.79%	2.52%	2.18%
Eternal Ltd.	2.57%	2.95%	2.95%	2.84%	2.53%	2.34%	2.31%	4.10%	-	-	-	-	-
Zomato Ltd.	-	-	-	-	-	-	-	-	2.39%	2.22%	2.68%	2.67%	2.13%
Mahindra & Mahindra Ltd.	2.54%	2.74%	2.39%	2.45%	2.36%	2.27%	2.39%	2.32%	2.58%	2.79%	2.50%	2.44%	2.23%
Divis Laboratories Ltd.	2.19%	1.78%	1.91%	2.12%	2.13%	2.12%	2.04%	2.41%	2.51%	2.38%	2.50%	2.65%	2.99%
Ultratech Cement Ltd.	2.37%	2.49%	2.55%	2.24%	2.14%	2.04%	2.14%	2.16%	2.02%	2.11%	1.96%	1.82%	1.79%
Pidilite Industries Ltd.	2.05%	2.16%	2.23%	2.06%	2.13%	2.22%	2.19%	2.10%	2.09%	2.10%	2.04%	2.13%	2.17%
Larsen & Toubro Ltd.	2.64%	2.46%	2.08%	1.96%	1.82%	1.87%	1.89%	2.02%	1.95%	1.89%	1.83%	2.04%	1.97%
Cholamandalam Investment & Finance Co. Ltd.	2.06%	2.01%	1.76%	1.75%	1.92%	1.99%	1.87%	2.26%	2.21%	1.89%	1.67%	1.72%	1.78%