Bajaj Finserv Multi Asset Allocation 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.

Fund House :

Equity Holding : 68.46% | F&O Holdings : -1.03%| Foreign Equity Holdings : 0.00%| Total : 67.43%

No of Stocks : 52 (Category Avg - 68.00) | Large Cap Investments : 35.71%| Mid Cap Investments : 7.77% | Small Cap Investments : 4.95% | Other : 19%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	52	64.97
Top 5 Stock Weight	19.68%	16.84%
Top 10 Stock Weight	30.44%	25.55%
Top 3 Sector Weight	22.49%	19.32%

Category - Multi Asset Allocation

Particulars	This Scheme	Category
Average mcap (Cr)	86403.17	74492.49
Holdings in large cap stocks	35.71%	30.65%
Holdings in mid cap stocks	7.77%	6.18%
Holdings in small cap stocks	4.95%	4.43%

Category - Multi Asset Allocation

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	875.9	6.82%	-0.12%	8.39% (Apr 2025)	6.79% (Jan 2025)	8.87 L	0.00
State Bank Of India	Public sector bank	567.5	4.42%	0.07%	4.42% (Oct 2025)	2.7% (Feb 2025)	6.06 L	0.00
Infosys Ltd.	Computers - software & consulting	401.9	3.13%	0.41%	3.54% (Jan 2025)	2.71% (Apr 2025)	2.71 L	41.54 k
Hindustan Unilever Ltd.	Diversified fmcg	342.6	2.67%	-0.71%	3.68% (Aug 2025)	2.45% (Dec 2024)	1.39 L	-0.25 L
Larsen & Toubro Ltd.	Civil construction	338.6	2.64%	0.53%	2.64% (Oct 2025)	0% (Nov 2024)	84.00 k	14.00 k
# Reliance Industries Ltd.	Refineries & marketing	314.7	2.45%	2.45%	2.45% (Oct 2025)	0% (Nov 2024)	2.12 L	2.12 L
Indian Bank	Public sector bank	283.2	2.21%	0.17%	2.49% (Aug 2025)	0.78% (Feb 2025)	3.30 L	0.00
Tata Steel Ltd.	Iron & steel products	276.5	2.15%	0.05%	2.72% (Mar 2025)	1.47% (Jun 2025)	15.12 L	0.00
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	258.7	2.02%	0.07%	2.02% (Oct 2025)	0% (Nov 2024)	1.26 L	0.00
ITC Limited	Diversified fmcg	247.7	1.93%	-0.52%	5% (Feb 2025)	1.93% (Oct 2025)	5.89 L	-1.52 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	8.09	875.9	6.82%	-0.12%	8.39% (Apr 2025)	6.79% (Jan 2025)	8.87 L	0.00	Other	19
State Bank Of India	Public sector bank	8.73	567.5	4.42%	0.07%	4.42% (Oct 2025)	2.7% (Feb 2025)	6.06 L	0.00	Large Cap	35.71
Infosys Ltd.	Computers - software & consulting	4.93	401.9	3.13%	0.41%	3.54% (Jan 2025)	2.71% (Apr 2025)	2.71 L	41.54 k	Large Cap	35.71
Hindustan Unilever Ltd.	Diversified fmcg	4.6	342.6	2.67%	-0.71%	3.68% (Aug 2025)	2.45% (Dec 2024)	1.39 L	-0.25 L	Large Cap	35.71
Larsen & Toubro Ltd.	Civil construction	2.64	338.6	2.64%	0.53%	2.64% (Oct 2025)	0% (Nov 2024)	84.00 k	14.00 k	Large Cap	35.71
# Reliance Industries Ltd.	Refineries & marketing	2.45	314.7	2.45%	2.45%	2.45% (Oct 2025)	0% (Nov 2024)	2.12 L	2.12 L	Large Cap	35.71
Indian Bank	Public sector bank	8.73	283.2	2.21%	0.17%	2.49% (Aug 2025)	0.78% (Feb 2025)	3.30 L	0.00	Mid Cap	7.77
Tata Steel Ltd.	Iron & steel products	2.15	276.5	2.15%	0.05%	2.72% (Mar 2025)	1.47% (Jun 2025)	15.12 L	0.00	Other	19
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	2.02	258.7	2.02%	0.07%	2.02% (Oct 2025)	0% (Nov 2024)	1.26 L	0.00	Large Cap	35.71
ITC Limited	Diversified fmcg	4.6	247.7	1.93%	-0.52%	5% (Feb 2025)	1.93% (Oct 2025)	5.89 L	-1.52 L	Large Cap	35.71
Bajaj Finserv Ltd	Holding company	1.81	232.3	1.81%	-0.03%	1.98% (Mar 2025)	1.58% (Dec 2024)	1.11 L	0.00	Other	19
HCL Technologies Limited	Computers - software & consulting	4.93	230.4	1.80%	0.98%	2.53% (Nov 2024)	0.82% (Sep 2025)	1.49 L	77.32 k	Large Cap	35.71
GlaxoSmithKline Pharmaceuticals Ltd.	Pharmaceuticals	5.67	205.2	1.60%	-0.11%	2.2% (May 2025)	0% (Nov 2024)	78.35 k	0.00	Mid Cap	7.77
Vedanta Ltd.	Diversified metals	1.46	187.6	1.46%	0.41%	1.46% (Oct 2025)	0% (Nov 2024)	3.80 L	1.07 L	Large Cap	35.71
Cesc Ltd.	Integrated power utilities	1.39	178.8	1.39%	0.07%	1.97% (Jul 2025)	0% (Nov 2024)	9.94 L	0.00	Other	19
Canara Bank	Public sector bank	8.73	176.7	1.38%	0.07%	1.38% (Oct 2025)	0% (Nov 2024)	12.90 L	0.00	Other	19
Britannia Industries Ltd.	Packaged foods	1.32	169.3	1.32%	-0.11%	2.98% (Apr 2025)	1.32% (Oct 2025)	29.01 k	0.00	Large Cap	35.71
Marico Ltd.	Personal care	2.23	165.5	1.29%	-0.03%	2.41% (Jan 2025)	1.29% (Oct 2025)	2.30 L	0.00	Large Cap	35.71
ICICI Bank Ltd.	Private sector bank	8.09	162.8	1.27%	0.66%	1.27% (Oct 2025)	0% (Nov 2024)	1.21 L	66.00 k	Large Cap	35.71
- Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	5.67	161	1.25%	0.00%	1.25% (Sep 2025)	0% (Nov 2024)	95.20 k	0.00	Large Cap	35.71
Asian Paints (india) Ltd.	Paints	1.24	158.8	1.24%	0.02%	1.35% (Aug 2025)	0% (Nov 2024)	63.24 k	0.00	Large Cap	35.71
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	1.82	155.8	1.21%	-0.06%	1.27% (Sep 2025)	0% (Nov 2024)	9.62 k	0.00	Large Cap	35.71
Eicher Motors Ltd.	2/3 wheelers	1.8	151.3	1.18%	-0.06%	1.24% (Sep 2025)	0% (Nov 2024)	21.60 k	0.00	Other	19
GAIL (India) Ltd.	Gas transmission/marketing	1.16	148.4	1.16%	-0.74%	2.15% (Apr 2025)	1.02% (Feb 2025)	8.12 L	-5.00 L	Large Cap	35.71
Abbott India Ltd.	Pharmaceuticals	5.67	144.5	1.13%	-0.07%	1.53% (Feb 2025)	0% (Nov 2024)	4.98 k	0.00	Mid Cap	7.77
Cummins India Ltd.	Compressors, pumps & diesel engines	1.15	126.2	0.98%	0.04%	0.98% (Oct 2025)	0% (Nov 2024)	29.05 k	0.00	Mid Cap	7.77
Maharashtra Scooters Ltd.	Investment company	0.94	120.2	0.94%	-0.13%	1.07% (Sep 2025)	0% (Nov 2024)	7.96 k	407.00	Small Cap	4.95
Mahanagar Gas Ltd.	Lpg/cng/png/lng supplier	0.93	119.2	0.93%	-0.06%	1.82% (May 2025)	0% (Nov 2024)	93.38 k	0.00	Small Cap	4.95
- 360 ONE WAM Ltd.	Other financial services	1.51	118.4	0.92%	0.00%	0.92% (Oct 2025)	0% (Nov 2024)	1.10 L	0.00	Other	19
National Thermal Power Corporation Ltd.	Power generation	0.91	116.8	0.91%	-0.06%	3.82% (Mar 2025)	0.91% (Oct 2025)	3.46 L	0.00	Large Cap	35.71
# Rubicon Research Ltd.	Pharmaceuticals	5.67	115.2	0.90%	0.90%	0.9% (Oct 2025)	0% (Nov 2024)	1.86 L	1.86 L	Other	19
eClerx Services Ltd.	Business process outsourcing (bpo)/ knowledge process outsourcing (kpo)	0.89	114.7	0.89%	0.09%	0.89% (Oct 2025)	0% (Nov 2024)	24.26 k	0.00	Small Cap	4.95
Power Grid Corporation of India Ltd.	Power - transmission	0.88	113.4	0.88%	-0.53%	2.46% (Mar 2025)	0.88% (Oct 2025)	3.94 L	-2.19 L	Large Cap	35.71
Aditya Birla Sun Life AMC Ltd.	Asset management company	0.81	103.9	0.81%	-0.08%	0.89% (Sep 2025)	0% (Nov 2024)	1.36 L	0.00	Other	19
# Graphite India Ltd.	Electrodes & refractories	0.8	102.8	0.80%	0.80%	0.8% (Oct 2025)	0% (Nov 2024)	1.65 L	1.65 L	Small Cap	4.95
Sanofi Consumer Healthcare India Ltd.	Pharmaceuticals	5.67	101.3	0.79%	-0.02%	0.95% (Jun 2025)	0.55% (Jan 2025)	20.91 k	40.00	Other	19
Punjab National Bank	Public sector bank	8.73	92.2	0.72%	0.02%	0.72% (Oct 2025)	0% (Nov 2024)	7.50 L	0.00	Large Cap	35.71
Oracle Financial Services Software Limited	Software products	0.71	91.5	0.71%	-0.03%	0.8% (Jun 2025)	0% (Nov 2024)	10.75 k	0.00	Mid Cap	7.77
# Ujjivan Small Finance Bank Ltd.	Other bank	0.68	87.7	0.68%	0.68%	0.68% (Oct 2025)	0% (Nov 2024)	16.91 L	16.91 L	Other	19
National Aluminium Co. Ltd.	Aluminium	0.65	84	0.65%	-0.17%	1.47% (Nov 2024)	0% (Nov 2024)	3.59 L	-1.10 L	Small Cap	4.95
ITC Hotels Ltd	Hotels & resorts	0.65	83.1	0.65%	-0.07%	1.14% (Jun 2025)	0% (Nov 2024)	3.83 L	0.00	Other	19
Hero Motocorp Ltd.	2/3 wheelers	1.8	80	0.62%	-0.03%	3.08% (Nov 2024)	0% (Nov 2024)	14.44 k	0.00	Large Cap	35.71
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	1.82	77.9	0.61%	-0.02%	0.8% (Aug 2025)	0% (Nov 2024)	22.34 k	0.00	Large Cap	35.71
CRISIL Ltd.	Other financial services	1.51	76	0.59%	-0.07%	2.59% (Dec 2024)	0.59% (Oct 2025)	15.42 k	-2.67 k	Mid Cap	7.77
ICRA Ltd.	Ratings	0.57	73.1	0.57%	-0.02%	0.59% (Sep 2025)	0% (Nov 2024)	11.39 k	0.00	Small Cap	4.95
Emami Ltd.	Personal care	2.23	70.7	0.55%	-0.04%	1.15% (Nov 2024)	0.55% (Oct 2025)	1.32 L	0.00	Mid Cap	7.77
Aptus Value Housing Finance India Ltd.	Housing finance company	0.55	70.5	0.55%	-0.03%	0.58% (Sep 2025)	0% (Nov 2024)	2.22 L	0.00	Other	19
Godrej Consumer Products Ltd	Personal care	2.23	50.3	0.39%	-0.04%	0.47% (Aug 2025)	0% (Nov 2024)	45.00 k	0.00	Large Cap	35.71
Hindustan Zinc Ltd.	Zinc	0.32	40.5	0.32%	-0.50%	0.92% (Jun 2025)	0% (Nov 2024)	84.92 k	-1.23 L	Large Cap	35.71
Ingersoll Rand (india) Ltd.	Compressors, pumps & diesel engines	1.15	21.9	0.17%	-0.01%	0.18% (Sep 2025)	0% (Nov 2024)	5.74 k	50.00	Small Cap	4.95
Nifty 50 : Call Options	Exchange and data platform	-1.03	4.8	0.04%	0.00%	0% (Nov 2025)	0% (Nov 2025)	22.50 k	22.50 k	Other	19
Nifty 50 : Futures Near	Exchange and data platform	-1.03	-137	-1.07%	0.23%	-0.95% (Jul 2025)	0% (Nov 2024)	-5.25 k	-5.25 k	Other	19
Tata Consultancy Services Ltd.	Computers - software & consulting	4.93	238.3	0.00%	-1.96%	-	-	-	-	Large Cap	35.71

- 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
# Reliance Industries Ltd.	Refineries & marketing	314.7	2.45%	2.45%	2.45% (Oct 2025)	0% (Nov 2024)	2.12 L	211732
# Rubicon Research Ltd.	Pharmaceuticals	115.2	0.90%	0.90%	0.9% (Oct 2025)	0% (Nov 2024)	1.86 L	186390
# Ujjivan Small Finance Bank Ltd.	Other bank	87.7	0.68%	0.68%	0.68% (Oct 2025)	0% (Nov 2024)	16.91 L	1691179
# Graphite India Ltd.	Electrodes & refractories	102.8	0.80%	0.80%	0.8% (Oct 2025)	0% (Nov 2024)	1.65 L	165010

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 Consultancy Services Ltd.	Computers - software & consulting	238.3	0.00%	-1.96%	3.18% (Nov 2024)	0% (Nov 2024)	0.00	-82493

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.	6.82%	6.94%	7.13%	7.52%	7.35%	7.33%	8.39%	8.17%	8.14%	6.79%	7.14%	7.20%	6.92%
ITC Limited	1.93%	2.45%	3.52%	4.70%	4.68%	4.83%	5.00%	4.93%	5.00%	3.45%	3.24%	3.85%	3.98%
State Bank Of India	4.42%	4.35%	4.11%	4.05%	4.12%	4.18%	4.13%	2.88%	2.70%	2.75%	2.85%	2.99%	2.18%
Infosys Ltd.	3.13%	2.72%	2.85%	2.91%	2.77%	2.78%	2.71%	2.91%	3.29%	3.54%	2.99%	2.94%	2.65%
Hindustan Unilever Ltd.	2.67%	3.38%	3.68%	2.82%	2.54%	2.66%	2.70%	2.67%	2.72%	2.58%	2.45%	2.61%	2.67%
Indus Towers Ltd.	-	-	3.04%	3.83%	4.59%	4.30%	2.96%	1.52%	1.54%	1.27%	-	-	0.99%
Tata Consultancy Services Ltd.	-	1.96%	2.15%	2.10%	2.37%	2.43%	2.47%	2.64%	2.68%	3.06%	3.06%	3.18%	2.86%
Reliance Industries Ltd.	2.45%	-	-	-	-	-	-	-	-	-	-	-	-
Larsen & Toubro Ltd.	2.64%	2.11%	-	-	-	-	-	-	-	-	-	-	-
Coal India Ltd.	-	-	-	0.49%	1.68%	1.74%	2.67%	2.82%	2.75%	2.85%	2.79%	3.00%	2.94%
Hero Motocorp Ltd.	0.62%	0.65%	-	-	-	-	-	2.36%	2.46%	2.80%	2.70%	3.08%	3.25%
National Thermal Power Corporation Ltd.	0.91%	0.97%	0.96%	2.06%	2.04%	2.09%	2.25%	3.82%	3.50%	1.91%	1.62%	1.76%	2.00%
Bharti Airtel Ltd.	2.02%	1.95%	-	-	-	-	-	-	-	-	-	-	-
Tata Steel Ltd.	2.15%	2.10%	1.97%	2.01%	1.47%	1.66%	1.47%	2.72%	2.55%	1.87%	1.93%	2.01%	1.81%
Britannia Industries Ltd.	1.32%	1.43%	1.88%	2.10%	2.10%	2.03%	2.98%	2.06%	2.02%	1.82%	1.70%	1.75%	2.05%

No of Debt Holding 2 (Category Avg - 17.77) | Modified Duration 1.91 Years (Category Avg - 2.55)| Yield to Maturity 6.77% (Category Avg - 6.49%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	0.00%	7.12%
CD	0.00%	0.81%
T-Bills	0.00%	0.72%
CP	0.00%	0.48%
NCD & Bonds	5.89%	8.20%
PTC	0.00%	0.09%

Category - Multi Asset Allocation

Security Type	% Weight	Category Average
Government Backed	0.00%	0.00%
Low Risk	5.89%	9.40%
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 - Multi Asset Allocation

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

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Axis Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	501.54	3.91%	5.00 k
Bond - Muthoot Finance Pvt. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA+	CRISIL	253.78	1.98%	2.50 k

Name	Type of Instrument	Weight (%)
MF Units	MF Units	8.08%
MF Units	MF Units	4.33%
TREPS	TREPS	3.52%
MF Units	MF Units	3.40%
MF Units	MF Units	2.93%
Net Receivables	Net Receivables	2.09%
MF Units	MF Units	1.81%
MF Units	MF Units	0.52%