Axis Innovation Fund - Regular 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.

Portfolio Turnover Ratio : 43.00%. Category average turnover ratio is 153.01%. 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 : 82.31% | F&O Holdings : 2.50%| Foreign Equity Holdings : 13.79%| Total : 98.60%

No of Stocks : 104 (Category Avg - 44.44) | Large Cap Investments : 17.71%| Mid Cap Investments : 7.51% | Small Cap Investments : 8.82% | Other : 64.52%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	104	43.41
Top 5 Stock Weight	13.46%	32.46%
Top 10 Stock Weight	23.63%	49.59%
Top 3 Sector Weight	24.39%	43.5%

Category - Sectoral/Thematic

Particulars	This Scheme	Category
Average mcap (Cr)	32527.70	72450.77
Holdings in large cap stocks	17.71%	37.14%
Holdings in mid cap stocks	7.51%	14.47%
Holdings in small cap stocks	8.82%	13.1%

Category - Sectoral/Thematic

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
Info Edge (India) Ltd.	Internet & catalogue retail	464.5	3.85%	0.13%	3.85% (Oct 2025)	1.9% (Aug 2025)	3.37 L	1.83 k
Eternal Ltd.	E-retail/ e-commerce	308.4	2.56%	-0.12%	3.73% (Nov 2024)	2.56% (Oct 2025)	9.70 L	0.00
Nifty Bank : Futures Near	Exchange and data platform	301.4	2.50%	-1.71%	4.21% (Sep 2025)	0.5% (Dec 2024)	5.18 k	-3.85 k
ICICI Bank Ltd.	Private sector bank	282.6	2.34%	-0.06%	4.01% (Apr 2025)	2.34% (Oct 2025)	2.10 L	0.00
Hyundai Motor India Ltd.	Passenger cars & utility vehicles	266.2	2.21%	0.09%	2.31% (Jun 2025)	1.76% (Jul 2025)	1.09 L	12.29 k
Pidilite Industries Ltd.	Specialty chemicals	261.4	2.17%	-0.12%	2.49% (Apr 2025)	2.17% (Oct 2025)	1.81 L	-2.83 k
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	248.3	2.06%	-0.19%	2.25% (Sep 2025)	1.78% (May 2025)	71.21 k	-6.06 k
Linde India Ltd.	Industrial gases	241.8	2.01%	-0.12%	2.57% (May 2025)	2.01% (Oct 2025)	40.21 k	0.00
HDFC Bank Ltd.	Private sector bank	240.3	1.99%	-0.20%	3.92% (Apr 2025)	1.99% (Oct 2025)	2.43 L	-0.29 L
PB Fintech Ltd.	Financial technology (fintech)	234.1	1.94%	0.34%	1.94% (Oct 2025)	1.52% (Feb 2025)	1.31 L	20.11 k

- 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

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
Info Edge (India) Ltd.	Internet & catalogue retail	3.93	464.5	3.85%	0.13%	3.85% (Oct 2025)	1.9% (Aug 2025)	3.37 L	1.83 k	Other	64.52
Eternal Ltd.	E-retail/ e-commerce	5.34	308.4	2.56%	-0.12%	3.73% (Nov 2024)	2.56% (Oct 2025)	9.70 L	0.00	Other	64.52
Nifty Bank : Futures Near	Exchange and data platform	2.5	301.4	2.50%	-1.71%	4.21% (Sep 2025)	0.5% (Dec 2024)	5.18 k	-3.85 k	Other	64.52
ICICI Bank Ltd.	Private sector bank	4.33	282.6	2.34%	-0.06%	4.01% (Apr 2025)	2.34% (Oct 2025)	2.10 L	0.00	Large Cap	17.71
Hyundai Motor India Ltd.	Passenger cars & utility vehicles	4.88	266.2	2.21%	0.09%	2.31% (Jun 2025)	1.76% (Jul 2025)	1.09 L	12.29 k	Other	64.52
Pidilite Industries Ltd.	Specialty chemicals	5.29	261.4	2.17%	-0.12%	2.49% (Apr 2025)	2.17% (Oct 2025)	1.81 L	-2.83 k	Large Cap	17.71
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	4.88	248.3	2.06%	-0.19%	2.25% (Sep 2025)	1.78% (May 2025)	71.21 k	-6.06 k	Large Cap	17.71
Linde India Ltd.	Industrial gases	3.05	241.8	2.01%	-0.12%	2.57% (May 2025)	2.01% (Oct 2025)	40.21 k	0.00	Small Cap	8.82
HDFC Bank Ltd.	Private sector bank	4.33	240.3	1.99%	-0.20%	3.92% (Apr 2025)	1.99% (Oct 2025)	2.43 L	-0.29 L	Other	64.52
PB Fintech Ltd.	Financial technology (fintech)	1.94	234.1	1.94%	0.34%	1.94% (Oct 2025)	1.52% (Feb 2025)	1.31 L	20.11 k	Other	64.52
PTC Industries Ltd.	Other industrial products	1.94	233.5	1.94%	0.17%	1.94% (Oct 2025)	0% (Nov 2024)	13.51 k	114.00	Small Cap	8.82
India Shelter Finance Corporation Ltd.	Housing finance company	1.89	228.2	1.89%	-0.02%	2.08% (Aug 2025)	1.34% (Nov 2024)	2.58 L	0.00	Other	64.52
Jain Resource Recycling Ltd.	Diversified metals	1.87	225.7	1.87%	1.36%	1.87% (Oct 2025)	0% (Nov 2024)	5.85 L	3.26 L	Other	64.52
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	1.87	225.7	1.87%	0.12%	1.87% (Oct 2025)	0.65% (Dec 2024)	1.10 L	0.00	Large Cap	17.71
Ather Energy Ltd.	2/3 wheelers	2.69	214.3	1.78%	0.38%	1.78% (Oct 2025)	0% (Nov 2024)	3.10 L	18.86 k	Other	64.52
Sai Life Sciences Ltd.	Petrochemicals	1.78	214.2	1.78%	0.56%	1.78% (Oct 2025)	0% (Nov 2024)	2.33 L	66.10 k	Other	64.52
Delhivery Ltd.	Logistics solution provider	2	213	1.77%	0.02%	1.83% (Aug 2025)	1.24% (Feb 2025)	4.57 L	0.00	Other	64.52
- GE T&D India Ltd.	Heavy electrical equipment	3.95	212.6	1.76%	0.01%	1.76% (Oct 2025)	0.87% (Feb 2025)	70.00 k	0.00	Small Cap	8.82
Bajaj Finserv Ltd	Holding company	1.71	205.9	1.71%	0.85%	1.71% (Oct 2025)	0.83% (Aug 2025)	98.58 k	47.93 k	Other	64.52
Aether Industries Ltd.	Specialty chemicals	5.29	205.1	1.70%	-0.03%	2.17% (Feb 2025)	1.7% (Oct 2025)	2.72 L	0.00	Other	64.52
Torrent Power Ltd.	Integrated power utilities	3.16	200.2	1.66%	0.09%	2.54% (Nov 2024)	1.57% (Sep 2025)	1.52 L	0.00	Mid Cap	7.51
Bharat Electronics Ltd.	Aerospace & defense	2.12	197.1	1.63%	0.44%	1.63% (Oct 2025)	0.8% (Feb 2025)	4.63 L	1.13 L	Mid Cap	7.51
Dixon Technologies (India) Ltd.	Consumer electronics	1.65	193.7	1.61%	-0.12%	3.23% (Dec 2024)	1.55% (Jun 2025)	12.50 k	0.00	Other	64.52
Affle India Ltd.	It enabled services	2.8	193.1	1.60%	-0.05%	1.66% (Jun 2025)	1.3% (Jan 2025)	1.00 L	0.00	Other	64.52
Reliance Industries Ltd.	Refineries & marketing	1.57	189.3	1.57%	-0.16%	3.22% (Apr 2025)	1.52% (Dec 2024)	1.27 L	-0.22 L	Large Cap	17.71
FSN E-Commerce Ventures Ltd.	E-retail/ e-commerce	5.34	187	1.55%	0.06%	1.55% (Oct 2025)	1.18% (Dec 2024)	7.54 L	0.00	Other	64.52
Tata Power Co. Ltd.	Integrated power utilities	3.16	181.1	1.50%	0.07%	1.5% (Oct 2025)	1.1% (Jan 2025)	4.47 L	12.67 k	Mid Cap	7.51
Sona BLW Precision Forgings Ltd.	Auto components & equipments	2.74	179.7	1.49%	0.16%	1.62% (Nov 2024)	1.26% (Mar 2025)	3.80 L	0.00	Other	64.52
Divis Laboratories Ltd.	Pharmaceuticals	3.76	174.3	1.45%	0.20%	2.21% (Nov 2024)	1.25% (Sep 2025)	25.87 k	0.00	Large Cap	17.71
Neogen Chemicals Ltd.	Specialty chemicals	5.29	171.4	1.42%	-0.09%	2.2% (Dec 2024)	1.42% (Oct 2025)	1.19 L	0.00	Other	64.52
Siemens Ltd.	Heavy electrical equipment	3.95	165	1.37%	-0.02%	2.76% (Nov 2024)	1.15% (Jul 2025)	53.30 k	915.00	Large Cap	17.71
Jyoti CNC Automation Ltd.	Industrial products	2.31	159.5	1.32%	0.36%	1.48% (Dec 2024)	0.96% (Sep 2025)	1.85 L	51.02 k	Other	64.52
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	3.76	156.1	1.29%	0.05%	1.72% (Apr 2025)	1.25% (Sep 2025)	92.33 k	0.00	Large Cap	17.71
Premier Energies Ltd.	Other electrical equipment	1.25	151.3	1.25%	0.06%	1.25% (Oct 2025)	0.16% (Feb 2025)	1.38 L	0.00	Other	64.52
Motherson Sumi Systems Ltd.	Auto components & equipments	2.74	150.8	1.25%	-0.03%	1.28% (Sep 2025)	1.06% (Feb 2025)	14.31 L	0.00	Large Cap	17.71
Bajaj Finance Ltd.	Non banking financial company (nbfc)	1.25	150.5	1.25%	-0.63%	1.98% (Mar 2025)	1.25% (Oct 2025)	1.44 L	-0.77 L	Other	64.52
Swiggy Ltd.	E-retail/ e-commerce	5.34	148.7	1.23%	-0.07%	1.44% (Aug 2025)	0.72% (Apr 2025)	3.63 L	0.00	Other	64.52
# Lenskart Solutions Ltd.	Speciality retail	2.23	148.6	1.23%	1.23%	1.23% (Oct 2025)	0% (Nov 2024)	3.70 L	3.70 L	Other	64.52
Siemens Energy India Ltd.	Power generation	1.19	143.2	1.19%	-0.12%	1.31% (Sep 2025)	0% (Nov 2024)	44.95 k	0.00	Other	64.52
TBO TEK Ltd.	Tour, travel related services	1.17	141	1.17%	-0.06%	1.35% (Dec 2024)	0.95% (Apr 2025)	95.06 k	0.00	Other	64.52
GO Digit General Insurance Ltd.	General insurance	1.11	134.2	1.11%	0.02%	1.17% (Jul 2025)	0.83% (Apr 2025)	3.74 L	0.00	Other	64.52
Microsoft Corp	Foreign equity	13.76	130.6	1.08%	-0.16%	1.48% (Jul 2025)	1.08% (Oct 2025)	2.84 k	-0.36 k	Other	64.52
Ellenbarrie Industrial Gases Ltd.	Industrial gases	3.05	125.2	1.04%	-0.04%	1.2% (Aug 2025)	0% (Nov 2024)	2.70 L	0.00	Other	64.52
Suven Pharmaceuticals Ltd.	Pharmaceuticals	3.76	122.6	1.02%	-0.20%	1.93% (Nov 2024)	1.02% (Oct 2025)	1.63 L	0.00	Other	64.52
Trent Limited	Speciality retail	2.23	120.7	1.00%	-0.02%	1.75% (Dec 2024)	1% (Oct 2025)	25.72 k	0.00	Mid Cap	7.51
Honeywell Automation India Ltd.	Industrial products	2.31	119.9	0.99%	-0.01%	1.15% (Jan 2025)	0.99% (Oct 2025)	3.29 k	0.00	Mid Cap	7.51
Broadcom Ltd.	Foreign equity	13.76	104.2	0.86%	0.08%	0.86% (Oct 2025)	0.44% (Nov 2024)	3.18 k	0.00	Other	64.52
# Taiwan Semiconductor Manufacturing Co Ltd.	Foreign equity	13.76	103.5	0.86%	0.00%	0% (Nov 2025)	0% (Nov 2025)	3.88 k	0.00	Other	64.52
ABB India Ltd.	Heavy electrical equipment	3.95	99.1	0.82%	-0.01%	1.14% (Nov 2024)	0.81% (Aug 2025)	18.99 k	0.00	Large Cap	17.71
Amazon.com	Foreign equity	13.76	98.6	0.82%	0.07%	1.01% (Jan 2025)	0.71% (Jun 2025)	4.55 k	0.00	Other	64.52
# Anant Raj Industries Ltd.	Residential, commercial projects	0.81	97.3	0.81%	0.81%	0.81% (Oct 2025)	0% (Nov 2024)	1.51 L	1.51 L	Small Cap	8.82
Larsen & Toubro Ltd.	Civil construction	1	94.5	0.78%	0.06%	0.78% (Oct 2025)	0.69% (Dec 2024)	23.43 k	0.00	Large Cap	17.71
Eicher Motors Ltd.	2/3 wheelers	2.69	94.4	0.78%	0.24%	0.78% (Oct 2025)	0% (Nov 2024)	13.48 k	4.38 k	Other	64.52
Alphabet Inc	Foreign equity	13.76	94.3	0.78%	0.09%	1.11% (Jan 2025)	0.58% (Jun 2025)	3.78 k	0.00	Other	64.52
NVIDIA Corporation	Foreign equity	13.76	91.4	0.76%	-0.08%	0.84% (Sep 2025)	0.59% (May 2025)	5.09 k	-0.90 k	Other	64.52
L&T Technology Services Ltd.	It enabled services	2.8	87.9	0.73%	-0.02%	1% (Jan 2025)	0.73% (Oct 2025)	21.34 k	0.00	Mid Cap	7.51
Grindwell Norton Ltd.	Abrasives & bearings	1.14	86.2	0.72%	0.03%	0.87% (Nov 2024)	0.66% (Jul 2025)	51.05 k	0.00	Small Cap	8.82
Tata Elxsi Ltd.	Computers - software & consulting	1.37	86	0.71%	0.01%	0.88% (Dec 2024)	0.7% (Sep 2025)	15.77 k	0.00	Small Cap	8.82
# Wework India Management Ltd.	Diversified commercial services	0.71	85.2	0.71%	0.71%	0.71% (Oct 2025)	0% (Nov 2024)	1.32 L	1.32 L	Other	64.52
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	4.88	73.2	0.61%	-0.76%	1.37% (Sep 2025)	0.61% (Oct 2025)	4.52 k	-5.53 k	Large Cap	17.71
Tata Technologies Ltd.	Computers - software & consulting	1.37	72.3	0.60%	0.01%	0.79% (Nov 2024)	0.59% (Aug 2025)	1.04 L	0.00	Other	64.52
# Facebook	Foreign equity	13.76	64.9	0.54%	0.54%	0.57% (Feb 2025)	0% (Nov 2024)	1.13 k	1.13 k	Other	64.52
Advanced Micro Devices Com.	Foreign equity	13.76	61.7	0.51%	0.07%	0.51% (Oct 2025)	0% (Nov 2024)	2.72 k	-0.89 k	Other	64.52
Honasa Consumer Ltd.	Retailing	0.5	60.4	0.50%	-0.01%	0.57% (May 2025)	0.4% (Jan 2025)	2.12 L	0.00	Other	64.52
ASML Holding NV	Foreign equity	13.76	59.9	0.50%	0.03%	0.5% (Oct 2025)	0.39% (Nov 2024)	637.00	0.00	Other	64.52
Ideaforge Technology Private Ltd.	Aerospace & defense	2.12	58.9	0.49%	-0.03%	0.6% (Jun 2025)	0.39% (Mar 2025)	1.22 L	0.00	Other	64.52
Visa Inc	Foreign equity	13.76	58.6	0.49%	-0.13%	0.88% (Feb 2025)	0.49% (Oct 2025)	1.94 k	-0.47 k	Other	64.52
# Sagility India Ltd.	It enabled services	2.8	56.7	0.47%	0.47%	0.47% (Oct 2025)	0% (Nov 2024)	10.79 L	10.79 L	Other	64.52
Netflix	Foreign equity	13.76	52	0.43%	-0.12%	0.99% (Apr 2025)	0.43% (Oct 2025)	524.00	-82.00	Other	64.52
Carborundum Universal Ltd.	Abrasives & bearings	1.14	50.6	0.42%	-0.02%	0.66% (Nov 2024)	0.42% (Oct 2025)	56.15 k	0.00	Small Cap	8.82
Boston Scientific Corp	Foreign equity	13.76	43.6	0.36%	-0.07%	0.57% (Feb 2025)	0.36% (Oct 2025)	4.88 k	-0.94 k	Other	64.52
ELI LILLY ORD SHS	Foreign equity	13.76	37.8	0.31%	-0.05%	0.61% (Feb 2025)	0.31% (Oct 2025)	494.00	-0.14 k	Other	64.52
Thermo Fisher Scientific Inc	Foreign equity	13.76	37.7	0.31%	-0.04%	0.5% (Jan 2025)	0.31% (Oct 2025)	748.00	-0.21 k	Other	64.52
Booking Holdings Inc	Foreign equity	13.76	37.4	0.31%	-0.10%	0.51% (Feb 2025)	0.31% (Oct 2025)	83.00	-18.00	Other	64.52
Arista Networks Inc	Foreign equity	13.76	36.5	0.30%	-0.03%	0.58% (Aug 2025)	0.3% (Oct 2025)	2.61 k	-0.41 k	Other	64.52
Moodys Corp	Foreign equity	13.76	36.3	0.30%	0.00%	0.48% (Feb 2025)	0.3% (Oct 2025)	852.00	0.00	Other	64.52
Spotify Technology SA	Foreign equity	13.76	35.6	0.30%	-0.09%	0.75% (Feb 2025)	0.3% (Oct 2025)	613.00	-0.11 k	Other	64.52
Mercadolibre Inc	Foreign equity	13.76	31.4	0.26%	-0.01%	0.28% (Aug 2025)	0.18% (Dec 2024)	152.00	0.00	Other	64.52
Motorola Solutions Inc	Foreign equity	13.76	30.6	0.25%	-0.06%	0.45% (Feb 2025)	0.25% (Oct 2025)	848.00	-73.00	Other	64.52
Sony Group Corporation - ADR	Foreign equity	13.76	30.5	0.25%	-0.09%	0.35% (Sep 2025)	0% (Nov 2024)	12.31 k	-3.64 k	Other	64.52
TJX ORD	Foreign equity	13.76	28.2	0.23%	-0.08%	0.46% (Feb 2025)	0.23% (Oct 2025)	2.27 k	-0.65 k	Other	64.52
Blue Dart Express Ltd.	Logistics solution provider	2	28.2	0.23%	0.03%	0.26% (Nov 2024)	0.21% (Aug 2025)	4.29 k	0.00	Small Cap	8.82
eBay	Foreign equity	13.76	28.2	0.23%	-0.03%	0.27% (Sep 2025)	0.2% (Apr 2025)	3.90 k	0.00	Other	64.52
Salesforce Com	Foreign equity	13.76	27.4	0.23%	-0.03%	0.54% (Jan 2025)	0.23% (Oct 2025)	1.19 k	-0.27 k	Other	64.52
Techno Electric & Engineering Co. Ltd.	Civil construction	1	26.6	0.22%	-0.01%	0.27% (Jun 2025)	0.18% (Feb 2025)	20.19 k	0.00	Small Cap	8.82
SharkNinja INC	Foreign equity	13.76	26.6	0.22%	-0.05%	0.4% (Nov 2024)	0.21% (Apr 2025)	3.51 k	0.00	Other	64.52
# Novo Nordisk A/S	Foreign equity	13.76	25.8	0.21%	0.00%	0% (Nov 2025)	0% (Nov 2025)	5.89 k	0.00	Other	64.52
Cadence Design Systems Inc	Foreign equity	13.76	25.2	0.21%	-0.01%	0.3% (Jul 2025)	0.21% (Oct 2025)	837.00	0.00	Other	64.52
Gartner Inc	Foreign equity	13.76	24.9	0.21%	-0.06%	0.41% (Feb 2025)	0.21% (Oct 2025)	1.13 k	-0.20 k	Other	64.52
Relx Plc	Foreign equity	13.76	23.8	0.20%	-0.02%	0.5% (Apr 2025)	0.2% (Oct 2025)	6.06 k	0.00	Other	64.52
NextEra Energy Inc	Foreign equity	13.76	22.7	0.19%	0.01%	0.19% (Oct 2025)	0% (Nov 2024)	3.14 k	0.00	Other	64.52
ServiceNow Inc.	Foreign equity	13.76	21.6	0.18%	-0.07%	0.27% (Feb 2025)	0.18% (Oct 2025)	265.00	-93.00	Other	64.52
Costco Wholesale Corporation	Foreign equity	13.76	21	0.17%	-0.03%	0.43% (Nov 2024)	0.17% (Oct 2025)	260.00	-34.00	Other	64.52
Tapestry Inc	Foreign equity	13.76	20.9	0.17%	-0.05%	0.22% (Sep 2025)	0% (Nov 2024)	2.15 k	-0.47 k	Other	64.52
Hubbell Inc	Foreign equity	13.76	20.9	0.17%	0.01%	0.22% (Aug 2025)	0.16% (Sep 2025)	500.00	0.00	Other	64.52
Amer Sports Incorporation	Foreign equity	13.76	20.7	0.17%	0.02%	0.17% (Oct 2025)	0% (Nov 2024)	7.48 k	1.67 k	Other	64.52
Adobe Systems	Foreign equity	13.76	19.8	0.16%	-0.02%	0.41% (Feb 2025)	0.16% (Oct 2025)	657.00	-54.00	Other	64.52
Bajaj Auto Ltd.	2/3 wheelers	2.69	15.5	0.13%	-1.20%	1.38% (Jan 2025)	0.13% (Oct 2025)	1.74 k	-0.16 L	Large Cap	17.71
# Check Point Software Technologies	Foreign equity	13.76	13.5	0.11%	0.11%	0.11% (Oct 2025)	0% (Nov 2024)	777.00	777.00	Other	64.52
# Sea Ltd. - ADR	Foreign equity	13.76	13.2	0.11%	0.11%	0.11% (Oct 2025)	0% (Nov 2024)	950.00	950.00	Other	64.52
Indiamart Intermesh Ltd.	Internet & catalogue retail	3.93	9.7	0.08%	-0.56%	0.72% (Aug 2025)	0.08% (Oct 2025)	3.95 k	-0.28 L	Other	64.52
KPIT Technologies Ltd.	Computers - software & consulting	1.37	6.9	0.06%	-0.28%	0.81% (Jan 2025)	0.06% (Oct 2025)	5.95 k	-0.30 L	Other	64.52
# LG Electronics India Pvt. Ltd.	Consumer electronics	1.65	5	0.04%	0.04%	0.04% (Oct 2025)	0% (Nov 2024)	2.99 k	2.99 k	Other	64.52
- Sony Financial Group Inc -ADR	Foreign equity	13.76	1.4	0.01%	0.00%	0.01% (Oct 2025)	0% (Nov 2024)	3.19 k	0.00	Other	64.52
Biocon Ltd.	Pharmaceuticals	3.76	121.3	0.00%	-1.03%	-	-	-	-	Mid Cap	7.51
Granules India Ltd.	Pharmaceuticals	3.76	71.6	0.00%	-0.61%	-	-	-	-	Small Cap	8.82
Avenue Supermarts Ltd.	Diversified retail		111.7	0.00%	-0.95%	-	-	-	-	Large Cap	17.71

- 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
# Sagility India Ltd.	It enabled services	56.7	0.47%	0.47%	0.47% (Oct 2025)	0% (Nov 2024)	10.79 L	1079044
# Lenskart Solutions Ltd.	Speciality retail	148.6	1.23%	1.23%	1.23% (Oct 2025)	0% (Nov 2024)	3.70 L	369741
# Wework India Management Ltd.	Diversified commercial services	85.2	0.71%	0.71%	0.71% (Oct 2025)	0% (Nov 2024)	1.32 L	131976
# Facebook	Foreign equity	64.9	0.54%	0.54%	0.57% (Feb 2025)	0% (Nov 2024)	1.13 k	1129
# LG Electronics India Pvt. Ltd.	Consumer electronics	5	0.04%	0.04%	0.04% (Oct 2025)	0% (Nov 2024)	2.99 k	2994
# Anant Raj Industries Ltd.	Residential, commercial projects	97.3	0.81%	0.81%	0.81% (Oct 2025)	0% (Nov 2024)	1.51 L	151057
# Sea Ltd. - ADR	Foreign equity	13.2	0.11%	0.11%	0.11% (Oct 2025)	0% (Nov 2024)	950.00	950
# Check Point Software Technologies	Foreign equity	13.5	0.11%	0.11%	0.11% (Oct 2025)	0% (Nov 2024)	777.00	777

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
Biocon Ltd.	Pharmaceuticals	121.3	0.00%	-1.03%	1.18% (Jul 2025)	0% (Nov 2024)	-355579
Granules India Ltd.	Pharmaceuticals	71.6	0.00%	-0.61%	0.83% (Dec 2024)	0% (Nov 2024)	-138549
Avenue Supermarts Ltd.	Diversified retail	111.7	0.00%	-0.95%	1.26% (Apr 2025)	0% (Nov 2024)	-24955

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.	2.34%	2.40%	3.76%	3.94%	3.78%	3.88%	4.01%	3.89%	3.54%	3.41%	3.30%	3.32%	3.32%
HDFC Bank Ltd.	1.99%	2.20%	3.71%	3.89%	3.79%	3.78%	3.92%	3.82%	3.69%	3.35%	2.95%	2.96%	2.88%
Eternal Ltd.	2.56%	2.68%	2.85%	3.39%	3.17%	2.93%	3.00%	5.34%	-	-	-	-	-
Zomato Ltd.	-	-	-	-	-	-	-	-	3.00%	2.75%	3.29%	3.73%	3.25%
Info Edge (India) Ltd.	3.85%	3.72%	1.90%	1.93%	2.02%	2.08%	2.27%	2.36%	2.35%	2.40%	3.60%	3.59%	3.26%
Pidilite Industries Ltd.	2.17%	2.29%	2.39%	2.23%	2.33%	2.43%	2.49%	2.40%	2.28%	2.28%	2.18%	2.28%	2.36%
Linde India Ltd.	2.01%	2.13%	2.19%	2.23%	2.22%	2.57%	2.27%	2.31%	2.23%	2.18%	2.18%	2.49%	2.77%
Reliance Industries Ltd.	1.57%	1.73%	2.24%	3.01%	3.19%	3.10%	3.22%	2.70%	2.03%	1.67%	1.52%	1.60%	1.66%
Torrent Power Ltd.	1.66%	1.57%	1.61%	1.85%	2.06%	1.97%	2.41%	2.43%	2.10%	2.25%	2.53%	2.54%	3.09%
Dixon Technologies (India) Ltd.	1.61%	1.73%	1.78%	1.78%	1.55%	1.56%	2.28%	2.23%	2.41%	2.40%	3.23%	2.82%	2.52%
Hyundai Motor India Ltd.	2.21%	2.12%	2.04%	1.76%	2.31%	1.97%	1.91%	1.96%	2.02%	1.82%	1.85%	1.95%	1.86%
Mahindra & Mahindra Ltd.	2.06%	2.25%	1.92%	1.90%	1.86%	1.78%	1.84%	1.93%	1.91%	2.04%	1.95%	1.90%	2.12%
Aether Industries Ltd.	1.70%	1.74%	1.71%	1.76%	1.72%	1.73%	1.96%	2.07%	2.17%	1.95%	1.98%	1.82%	1.89%
India Shelter Finance Corporation Ltd.	1.89%	1.91%	2.08%	2.00%	1.89%	1.92%	2.00%	1.96%	1.75%	1.48%	1.49%	1.34%	1.43%
Siemens Ltd.	1.37%	1.39%	1.18%	1.15%	1.21%	1.25%	1.16%	2.17%	1.94%	2.36%	2.40%	2.76%	2.56%