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 : 98.71% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 98.71%

No of Stocks : 97 (Category Avg - 54.04) | Large Cap Investments : 44.64%| Mid Cap Investments : 14.85% | Small Cap Investments : 6.03% | Other : 33.2%

Portfolio Summary (as on 30th Nov,2025)

Particulars	This Scheme	Category
No. of Stocks	97	54.04
Top 5 Stock Weight	26.74%	27.66%
Top 10 Stock Weight	39.14%	44.15%
Top 3 Sector Weight	31.07%	32.39%

Category - ELSS

Particulars	This Scheme	Category
Average mcap (Cr)	103583.73	95394.13
Holdings in large cap stocks	44.64%	39.5%
Holdings in mid cap stocks	14.85%	11.43%
Holdings in small cap stocks	6.03%	16.59%

Category - ELSS

Top 10 Stocks holding in Portfolio (as on 30th Nov,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	26750.6	7.62%	0.00%	8.62% (Apr 2025)	7.06% (Nov 2024)	2.65 Cr	-3.58 L
# ICICI Bank Ltd.	Private sector bank	21346.8	6.08%	0.00%	6.47% (Jul 2025)	4.27% (Nov 2024)	1.54 Cr	0.00
# Bharti Airtel Ltd.	Telecom - cellular & fixed line services	17090.4	4.87%	0.00%	4.75% (Oct 2025)	3.76% (Nov 2024)	81.32 L	0.00
# Bajaj Finance Ltd.	Non banking financial company (nbfc)	15488.5	4.41%	0.00%	4.82% (Feb 2025)	3.89% (Dec 2024)	1.49 Cr	0.00
# Infosys Ltd.	Computers - software & consulting	13184.2	3.76%	0.00%	3.56% (Oct 2025)	2.52% (Nov 2024)	84.51 L	0.00
# Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	9391.6	2.68%	0.00%	2.79% (Jan 2025)	2.27% (May 2025)	25.00 L	-0.66 L
# Larsen & Toubro Ltd.	Civil construction	9378.3	2.67%	0.00%	2.64% (Oct 2025)	1.82% (Jun 2025)	23.04 L	0.00
# Eternal Ltd.	E-retail/ e-commerce	8870.9	2.53%	0.00%	2.95% (Aug 2025)	2.05% (Mar 2025)	2.96 Cr	11.53 L
# Ultratech Cement Ltd.	Cement & cement products	8090.4	2.31%	0.00%	2.55% (Aug 2025)	1.82% (Nov 2024)	6.97 L	0.00
# Tata Consultancy Services Ltd.	Computers - software & consulting	7764.7	2.21%	0.00%	4.01% (Nov 2024)	2.15% (Oct 2025)	24.75 L	0.00

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

View complete holding

Complete equity Portfolio (as on 30th Nov,2025)

None
Sector
M-Cap

Help me understand this table

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	16.91	26750.6	7.62%	0.00%	8.62% (Apr 2025)	7.06% (Nov 2024)	2.65 Cr	-3.58 L	Other	33.2
# ICICI Bank Ltd.	Private sector bank	16.91	21346.8	6.08%	0.00%	6.47% (Jul 2025)	4.27% (Nov 2024)	1.54 Cr	0.00	Large Cap	44.64
# Bharti Airtel Ltd.	Telecom - cellular & fixed line services	5.12	17090.4	4.87%	0.00%	4.75% (Oct 2025)	3.76% (Nov 2024)	81.32 L	0.00	Large Cap	44.64
# Bajaj Finance Ltd.	Non banking financial company (nbfc)	7.17	15488.5	4.41%	0.00%	4.82% (Feb 2025)	3.89% (Dec 2024)	1.49 Cr	0.00	Other	33.2
# Infosys Ltd.	Computers - software & consulting	6.99	13184.2	3.76%	0.00%	3.56% (Oct 2025)	2.52% (Nov 2024)	84.51 L	0.00	Large Cap	44.64
# Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	4.18	9391.6	2.68%	0.00%	2.79% (Jan 2025)	2.27% (May 2025)	25.00 L	-0.66 L	Large Cap	44.64
# Larsen & Toubro Ltd.	Civil construction	2.67	9378.3	2.67%	0.00%	2.64% (Oct 2025)	1.82% (Jun 2025)	23.04 L	0.00	Large Cap	44.64
# Eternal Ltd.	E-retail/ e-commerce	2.53	8870.9	2.53%	0.00%	2.95% (Aug 2025)	2.05% (Mar 2025)	2.96 Cr	11.53 L	Other	33.2
# Ultratech Cement Ltd.	Cement & cement products	2.31	8090.4	2.31%	0.00%	2.55% (Aug 2025)	1.82% (Nov 2024)	6.97 L	0.00	Large Cap	44.64
# Tata Consultancy Services Ltd.	Computers - software & consulting	6.99	7764.7	2.21%	0.00%	4.01% (Nov 2024)	2.15% (Oct 2025)	24.75 L	0.00	Large Cap	44.64
# State Bank Of India	Public sector bank	2.18	7664.1	2.18%	0.00%	2.09% (Oct 2025)	1.38% (Nov 2024)	78.28 L	0.00	Large Cap	44.64
# Cholamandalam Investment & Finance Co. Ltd.	Non banking financial company (nbfc)	7.17	7417.8	2.11%	0.00%	2.26% (Mar 2025)	1.67% (Dec 2024)	42.73 L	0.00	Other	33.2
# Divis Laboratories Ltd.	Pharmaceuticals	5.73	7408.6	2.11%	0.00%	2.65% (Nov 2024)	1.78% (Sep 2025)	11.44 L	0.00	Large Cap	44.64
# Torrent Power Ltd.	Integrated power utilities	2.1	7376.2	2.10%	0.00%	4.26% (Nov 2024)	2.25% (Oct 2025)	56.11 L	-3.99 L	Mid Cap	14.85
# Pidilite Industries Ltd.	Specialty chemicals	2.1	7353	2.10%	0.00%	2.23% (Aug 2025)	2.04% (Dec 2024)	50.03 L	0.00	Large Cap	44.64
# InterGlobe Aviation Ltd.	Airline	2.07	7269	2.07%	0.00%	2.07% (Jul 2025)	1.52% (Nov 2024)	12.32 L	0.00	Large Cap	44.64
# Pi Industries Ltd.	Pesticides & agrochemicals	1.67	5849.9	1.67%	0.00%	2.08% (Jul 2025)	1.61% (Feb 2025)	17.23 L	0.00	Mid Cap	14.85
# CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	2.96	5682.3	1.62%	0.00%	1.94% (Nov 2024)	1.56% (Feb 2025)	84.44 L	0.00	Small Cap	6.03
# Reliance Industries Ltd.	Refineries & marketing	1.65	5420.1	1.54%	0.00%	2.2% (Jun 2025)	0.93% (Dec 2024)	34.58 L	0.00	Large Cap	44.64
# Indian Hotels Company Limited	Hotels & resorts	1.49	5218.6	1.49%	0.00%	1.77% (Dec 2024)	1.43% (Jun 2025)	70.11 L	0.00	Mid Cap	14.85
# Vishal Mega Mart Ltd.	Diversified retail	1.94	4768.2	1.36%	0.00%	1.46% (Sep 2025)	0% (Nov 2024)	3.51 Cr	0.00	Other	33.2
# Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	5.73	4753.5	1.35%	0.00%	2.11% (Dec 2024)	1.2% (Aug 2025)	25.95 L	0.00	Large Cap	44.64
# Federal Bank Ltd.	Private sector bank	16.91	4734.7	1.35%	0.00%	1.23% (Oct 2025)	0.98% (May 2025)	1.84 Cr	0.00	Mid Cap	14.85
# TVS Motor Company Ltd.	2/3 wheelers	1.98	4272.2	1.22%	0.00%	1.34% (Jun 2025)	1.15% (Aug 2025)	12.10 L	0.00	Mid Cap	14.85
# Kotak Mahindra Bank Ltd.	Private sector bank	16.91	4040.6	1.15%	0.00%	1.83% (Mar 2025)	1.1% (Sep 2025)	19.02 L	0.00	Large Cap	44.64
# PB Fintech Ltd.	Financial technology (fintech)	1.13	3960.6	1.13%	0.00%	1.13% (Dec 2024)	0.88% (Feb 2025)	21.77 L	57.11 k	Other	33.2
# Hindustan Unilever Ltd.	Diversified fmcg	1.11	3895.8	1.11%	0.00%	1.22% (Aug 2025)	0.47% (Jun 2025)	15.79 L	0.00	Large Cap	44.64
# Titan Company Ltd.	Gems, jewellery and watches	1.08	3780	1.08%	0.00%	1.03% (Oct 2025)	0.38% (Nov 2024)	9.67 L	0.00	Large Cap	44.64
# Apollo Hospitals Enterprises Ltd.	Hospital	3.02	3622.8	1.03%	0.00%	1.09% (Aug 2025)	0.85% (Nov 2024)	4.94 L	0.00	Mid Cap	14.85
# HDFC Life Insurance Company Ltd.	Life insurance	1.12	3612.9	1.03%	0.00%	1.06% (Jun 2025)	0.81% (Dec 2024)	47.27 L	0.00	Large Cap	44.64
# Info Edge (India) Ltd.	Internet & catalogue retail	1.02	3570.5	1.02%	0.00%	1.93% (Dec 2024)	0.95% (Aug 2025)	26.84 L	1.02 L	Other	33.2
# Hyundai Motor India Ltd.	Passenger cars & utility vehicles	4.18	3527	1.01%	0.00%	1.05% (Oct 2025)	0.47% (Apr 2025)	15.16 L	0.00	Other	33.2
# Bharat Electronics Ltd.	Aerospace & defense	1.48	3354.7	0.96%	0.00%	0.99% (Oct 2025)	0.56% (Feb 2025)	81.47 L	0.00	Mid Cap	14.85
# Sona BLW Precision Forgings Ltd.	Auto components & equipments	2.61	3281	0.94%	0.00%	1.26% (Nov 2024)	0.77% (Sep 2025)	64.11 L	0.00	Other	33.2
# Cummins India Ltd.	Compressors, pumps & diesel engines	0.87	3042.2	0.87%	0.00%	0.92% (Nov 2024)	0.53% (Apr 2025)	6.79 L	0.00	Mid Cap	14.85
# Mankind Pharma Ltd.	Pharmaceuticals	5.73	2995.9	0.85%	0.00%	1.07% (Dec 2024)	0.83% (Nov 2024)	13.31 L	0.00	Other	33.2
# Max Healthcare Institute Ltd.	Hospital	3.02	2846.1	0.81%	0.00%	0.72% (Dec 2024)	0.45% (Apr 2025)	24.48 L	2.76 L	Other	33.2
# Fortis Healthcare Ltd.	Hospital	3.02	2798.3	0.80%	0.00%	0.97% (Sep 2025)	0.68% (Apr 2025)	30.45 L	0.00	Other	33.2
# Varun Beverages Ltd.	Other beverages	0.74	2584	0.74%	0.00%	0.71% (Dec 2024)	0.54% (Feb 2025)	53.66 L	7.45 L	Other	33.2
# Karur Vysya Bank Ltd	Private sector bank	16.91	2478.8	0.71%	0.00%	0.69% (Oct 2025)	0.48% (Dec 2024)	99.96 L	0.00	Small Cap	6.03
# Trent Limited	Speciality retail	0.66	2308.8	0.66%	0.00%	0.74% (Sep 2025)	0.51% (Apr 2025)	5.43 L	0.00	Mid Cap	14.85
# ICICI Lombard General Insurance Co Ltd.	General insurance	0.65	2284	0.65%	0.00%	0.66% (Oct 2025)	0.46% (May 2025)	11.59 L	0.00	Large Cap	44.64
# Apar Industries Ltd.	Other electrical equipment	1.11	2266.9	0.65%	0.00%	0.63% (Jul 2025)	0.34% (Apr 2025)	2.47 L	0.00	Small Cap	6.03
# Nestle India Ltd.	Packaged foods	0.62	2166	0.62%	0.00%	1.26% (Nov 2024)	0.45% (Sep 2025)	17.18 L	0.00	Other	33.2
# Navin Flourine International Ltd.	Commodity chemicals	0.81	2161.7	0.62%	0.00%	0.61% (Oct 2025)	0.25% (Dec 2024)	3.77 L	0.00	Small Cap	6.03
# UNO Minda Ltd.	Auto components & equipments	2.61	2132.1	0.61%	0.00%	0.62% (Sep 2025)	0% (Nov 2024)	16.32 L	0.00	Small Cap	6.03
# GE T&D India Ltd.	Heavy electrical equipment	2.96	2064.9	0.59%	0.00%	0.62% (Oct 2025)	0% (Nov 2024)	7.17 L	0.00	Small Cap	6.03
# Avenue Supermarts Ltd.	Diversified retail	1.94	2040.9	0.58%	0.00%	2.16% (Nov 2024)	0.78% (Oct 2025)	5.11 L	-1.50 L	Large Cap	44.64
# J.b. Chemicals & Pharmaceuticals Ltd.	Pharmaceuticals	5.73	1926.5	0.55%	0.00%	0.54% (Aug 2025)	0% (Nov 2024)	10.88 L	0.00	Other	33.2
# Hindustan Aeronautics Ltd.	Aerospace & defense	1.48	1832.1	0.52%	0.00%	0.54% (Oct 2025)	0% (Nov 2024)	4.03 L	0.00	Other	33.2
# Cipla Ltd.	Pharmaceuticals	5.73	1816.2	0.52%	0.00%	0.87% (Feb 2025)	0.51% (Oct 2025)	11.86 L	0.00	Large Cap	44.64
# Schaeffler India Ltd.	Auto components & equipments	2.61	1802.2	0.51%	0.00%	0.57% (Sep 2025)	0.44% (Dec 2024)	4.62 L	0.00	Other	33.2
# Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	4.18	1734.5	0.49%	0.00%	0.51% (Sep 2025)	0% (Nov 2024)	1.09 L	0.00	Large Cap	44.64
# Bajaj Finserv Ltd	Holding company	0.49	1705	0.49%	0.00%	0.31% (Oct 2025)	0% (Nov 2024)	8.14 L	2.91 L	Other	33.2
# Premier Energies Ltd.	Other electrical equipment	1.11	1602	0.46%	0.00%	0.51% (Oct 2025)	0% (Nov 2024)	16.42 L	0.00	Other	33.2
# Persistent Systems Ltd.	Computers - software & consulting	6.99	1598.2	0.46%	0.00%	1.08% (Dec 2024)	0.27% (Sep 2025)	2.52 L	0.00	Other	33.2
# Prestige Estates Projects Ltd.	Residential, commercial projects	1.12	1583.3	0.45%	0.00%	0.47% (Oct 2025)	0.33% (Mar 2025)	9.44 L	0.00	Mid Cap	14.85
# Sundaram Finance Limited	Non banking financial company (nbfc)	7.17	1559.5	0.44%	0.00%	1.05% (Nov 2024)	0.42% (Sep 2025)	3.30 L	0.00	Mid Cap	14.85
# Dixon Technologies (India) Ltd.	Consumer electronics	0.88	1507.6	0.43%	0.00%	0.52% (Dec 2024)	0.4% (Mar 2025)	1.03 L	0.00	Other	33.2
# Blue Star Ltd.	Household appliances	0.55	1498.9	0.43%	0.00%	0.47% (Oct 2025)	0% (Nov 2024)	8.49 L	0.00	Small Cap	6.03
# Coromandel International Ltd.	Fertilizers	0.42	1469	0.42%	0.00%	0.47% (Jul 2025)	0.28% (Nov 2024)	6.17 L	0.00	Mid Cap	14.85
# Solar Industries India Ltd.	Explosives	0.41	1428.9	0.41%	0.00%	0.42% (Oct 2025)	0% (Nov 2024)	1.08 L	0.00	Small Cap	6.03
# Eicher Motors Ltd.	2/3 wheelers	1.98	1410.9	0.40%	0.00%	0.41% (Sep 2025)	0% (Nov 2024)	2.00 L	0.00	Other	33.2
# Hitachi Energy India Ltd.	Heavy electrical equipment	2.96	1397.5	0.40%	0.00%	0.26% (Jul 2025)	0% (Nov 2024)	63.36 k	17.55 k	Other	33.2
# Jindal Steel Ltd.	Iron & steel products	0.39	1357	0.39%	0.00%	0.34% (Oct 2025)	0% (Nov 2024)	12.99 L	1.90 L	Mid Cap	14.85
# Krishna Institute of Medical Sciences Ltd.	Hospital	3.02	1343.4	0.38%	0.00%	0.42% (Jul 2025)	0% (Nov 2024)	19.61 L	0.00	Other	33.2
# Jyoti CNC Automation Ltd.	Industrial products	0.68	1295.4	0.37%	0.00%	0.37% (Jul 2025)	0.08% (Nov 2024)	12.82 L	0.00	Other	33.2
# Godrej Consumer Products Ltd	Personal care	0.36	1271.5	0.36%	0.00%	0.48% (Aug 2025)	0.23% (Dec 2024)	11.10 L	-2.19 L	Large Cap	44.64
# Siemens Energy India Ltd.	Power generation	0.36	1254.1	0.36%	0.00%	0.4% (Sep 2025)	0% (Nov 2024)	3.97 L	0.00	Other	33.2
# LG Electronics India Pvt. Ltd.	Consumer electronics	0.88	1245.3	0.35%	0.00%	0.35% (Oct 2025)	0% (Nov 2024)	7.50 L	0.00	Other	33.2
# Torrent Pharmaceuticals Ltd.	Pharmaceuticals	5.73	1231.3	0.35%	0.00%	0.35% (Jul 2025)	0% (Nov 2024)	3.31 L	0.00	Mid Cap	14.85
# Ather Energy Ltd.	2/3 wheelers	1.98	1215	0.35%	0.35%	0% (Dec 2025)	0% (Dec 2025)	16.92 L	16.92 L	Other	33.2
# Tech Mahindra Ltd.	Computers - software & consulting	6.99	1162.1	0.33%	0.00%	0.59% (Nov 2024)	0.31% (Oct 2025)	7.66 L	0.00	Large Cap	44.64
# Phoenix Mills Ltd.	Residential, commercial projects	1.12	1156.7	0.33%	0.00%	0.46% (Jan 2025)	0.24% (Nov 2024)	6.66 L	0.00	Small Cap	6.03
# Kaynes Technology India Private Ltd.	Industrial products	0.68	1100.6	0.31%	0.00%	0.46% (Sep 2025)	0% (Nov 2024)	2.00 L	0.00	Other	33.2
# Motherson Sumi Systems Ltd.	Auto components & equipments	2.61	1080.5	0.31%	0.00%	0.29% (Sep 2025)	0.23% (Feb 2025)	92.90 L	0.00	Large Cap	44.64
# Godrej Properties Ltd.	Residential, commercial projects	1.12	976.7	0.28%	0.00%	0.36% (Dec 2024)	0.26% (Aug 2025)	4.62 L	0.00	Mid Cap	14.85
# Rural Electrification Corporation Limited	Financial institution	0.27	936.7	0.27%	0.00%	0.68% (Jan 2025)	0.49% (Oct 2025)	25.95 L	-0.20 Cr	Mid Cap	14.85
# Anthem Biosciences Ltd.	Biotechnology	0.26	914.3	0.26%	0.00%	0.32% (Sep 2025)	0% (Nov 2024)	14.41 L	0.00	Other	33.2
# Tata Communications Ltd.	Telecom - cellular & fixed line services	5.12	863.3	0.25%	0.00%	0.24% (Oct 2025)	0% (Nov 2024)	4.76 L	30.16 k	Mid Cap	14.85
# Tenneco Clean Air India Ltd.	Auto components & equipments	2.61	855.7	0.24%	0.24%	0% (Dec 2025)	0% (Dec 2025)	17.68 L	17.68 L	Other	33.2
# Tata Consumer Products Ltd.	Tea & coffee	0.24	828.2	0.24%	0.00%	0.23% (Oct 2025)	0% (Nov 2024)	7.06 L	0.00	Mid Cap	14.85
# HCL Technologies Limited	Computers - software & consulting	6.99	809.6	0.23%	0.00%	0.24% (Jun 2025)	0% (Nov 2024)	4.98 L	0.00	Large Cap	44.64
# Hindalco Industries Ltd.	Aluminium	0.22	775.2	0.22%	0.00%	0.34% (Oct 2025)	0.24% (Dec 2024)	9.59 L	-4.54 L	Large Cap	44.64
# Bharat Heavy Electricals Ltd.	Heavy electrical equipment	2.96	741.8	0.21%	0.00%	0.13% (Oct 2025)	0% (Nov 2024)	25.51 L	7.88 L	Mid Cap	14.85
# HDFC Asset Management Co. Ltd.	Asset management company	0.21	732.4	0.21%	0.00%	0.22% (Sep 2025)	0% (Nov 2024)	2.74 L	1.37 L	Large Cap	44.64
# Clean Science and Technology Ltd.	Commodity chemicals	0.81	683.2	0.19%	0.00%	0.33% (May 2025)	0.21% (Oct 2025)	7.48 L	0.00	Other	33.2
# Siemens Ltd.	Heavy electrical equipment	2.96	496.2	0.14%	0.00%	0.31% (Dec 2024)	0.13% (Sep 2025)	1.50 L	0.00	Large Cap	44.64
# Crompton Greaves Consumer Electricals Ltd.	Household appliances	0.55	421.4	0.12%	0.00%	0.5% (Nov 2024)	0.13% (Oct 2025)	15.88 L	0.00	Mid Cap	14.85
# HDB Financial Services Ltd.	Non banking financial company (nbfc)	7.17	388.8	0.11%	0.00%	0.27% (Jul 2025)	0% (Nov 2024)	5.07 L	0.00	Other	33.2
# Bharat Petroleum Corporation Ltd.	Refineries & marketing	1.65	375.6	0.11%	0.00%	0.07% (Oct 2025)	0% (Nov 2024)	10.46 L	3.93 L	Large Cap	44.64
# Tata Capital Ltd.	Non banking financial company (nbfc)	7.17	362	0.10%	0.00%	0.1% (Oct 2025)	0% (Nov 2024)	11.04 L	0.00	Other	33.2
# Havells India Ltd.	Consumer electronics	0.88	349.5	0.10%	0.00%	0.32% (Dec 2024)	0.1% (Oct 2025)	2.42 L	0.00	Large Cap	44.64
# ICICI Prudential Life Insurance Co Ltd.	Life insurance	1.12	300.3	0.09%	0.00%	0.64% (Nov 2024)	0.08% (Oct 2025)	4.85 L	0.00	Large Cap	44.64
# L&T Finance Holdings Ltd.	Investment company	0.08	293.7	0.08%	0.00%	0.02% (Oct 2025)	0% (Nov 2024)	9.40 L	6.87 L	Mid Cap	14.85
# Brigade Enterprises Ltd.	Residential, commercial projects	1.12	211.7	0.06%	0.00%	0.2% (Jan 2025)	0% (Nov 2024)	2.36 L	0.00	Small Cap	6.03
# TVS Motor Company Ltd. - Preference Shares	2/3 wheelers	1.98	49.1	0.01%	0.00%	0% (Dec 2025)	0% (Dec 2025)	48.39 L	0.00	Other	33.2
Tata Power Co. Ltd.	Integrated power utilities	2.1	562.9	0.00%	-0.16%	-	-	-	-	Mid Cap	14.85
Bajaj Auto Ltd.	2/3 wheelers	1.98	2848.5	0.00%	-0.81%	-	-	-	-	Large Cap	44.64
Astral Ltd.	Plastic products - industrial		931.9	0.00%	-0.26%	-	-	-	-	Mid Cap	14.85

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

New Stocks added in Portfolio (in 1 month period ending 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Tenneco Clean Air India Ltd.	Auto components & equipments	855.7	0.24%	0.24%	0% (Dec 2025)	0% (Dec 2025)	17.68 L	1768179
# Ather Energy Ltd.	2/3 wheelers	1215	0.35%	0.35%	0% (Dec 2025)	0% (Dec 2025)	16.92 L	1692320

Stocks removed from Portfolio (in 1 month period ending 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	1M Change in Qty
Tata Power Co. Ltd.	Integrated power utilities	562.9	0.00%	-0.16%	0.16% (Oct 2025)	0% (Nov 2024)	-1390200
Bajaj Auto Ltd.	2/3 wheelers	2848.5	0.00%	-0.81%	1.53% (Nov 2024)	0.81% (Oct 2025)	-320326
Astral Ltd.	Plastic products - industrial	931.9	0.00%	-0.26%	1.02% (Nov 2024)	0.26% (Sep 2025)	-642642

Trend in stock holdings (Top 15 Holding)

Stock	Nov 2025	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024
HDFC Bank Ltd.	7.62%	7.55%	7.87%	8.17%	8.50%	8.38%	8.35%	8.62%	8.37%	7.90%	7.22%	7.13%	7.06%
ICICI Bank Ltd.	6.08%	5.88%	6.04%	6.22%	6.47%	6.04%	5.93%	5.78%	5.44%	4.97%	4.82%	4.63%	4.27%
Bajaj Finance Ltd.	4.41%	4.43%	4.74%	4.14%	4.08%	4.21%	4.23%	4.12%	4.76%	4.82%	4.55%	3.89%	3.94%
Bharti Airtel Ltd.	4.87%	4.75%	4.45%	4.45%	4.28%	4.36%	4.13%	4.39%	4.18%	4.29%	4.14%	3.88%	3.76%
Infosys Ltd.	3.76%	3.56%	3.55%	3.50%	3.13%	2.92%	2.92%	2.65%	2.84%	3.24%	3.21%	2.79%	2.52%
Tata Consultancy Services Ltd.	2.21%	2.15%	2.18%	2.77%	2.68%	2.96%	3.04%	3.20%	3.45%	3.54%	3.90%	3.72%	4.01%
Torrent Power Ltd.	2.10%	2.25%	2.38%	2.48%	2.69%	3.06%	2.99%	3.45%	3.49%	3.20%	3.68%	3.68%	4.26%
Eternal Ltd.	2.53%	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%
Mahindra & Mahindra Ltd.	2.68%	2.54%	2.74%	2.39%	2.45%	2.36%	2.27%	2.39%	2.32%	2.58%	2.79%	2.50%	2.44%
Divis Laboratories Ltd.	2.11%	2.19%	1.78%	1.91%	2.12%	2.13%	2.12%	2.04%	2.41%	2.51%	2.38%	2.50%	2.65%
Ultratech Cement Ltd.	2.31%	2.37%	2.49%	2.55%	2.24%	2.14%	2.04%	2.14%	2.16%	2.02%	2.11%	1.96%	1.82%
Pidilite Industries Ltd.	2.10%	2.05%	2.16%	2.23%	2.06%	2.13%	2.22%	2.19%	2.10%	2.09%	2.10%	2.04%	2.13%
Larsen & Toubro Ltd.	2.67%	2.64%	2.46%	2.08%	1.96%	1.82%	1.87%	1.89%	2.02%	1.95%	1.89%	1.83%	2.04%
Cholamandalam Investment & Finance Co. Ltd.	2.11%	2.06%	2.01%	1.76%	1.75%	1.92%	1.99%	1.87%	2.26%	2.21%	1.89%	1.67%	1.72%