Bandhan Balanced Advantage Fund - Direct 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.

Category : Dynamic Asset Allocation or Balanced Advantage

Portfolio Turnover Ratio : 471.00%. Category average turnover ratio is 300.16%. Fund manager updated portfolio more frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for shorter duration than peers)

Equity Holding : 79.53% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 79.53%

No of Stocks : 121 (Category Avg - 75.26) | Large Cap Investments : 47.56%| Mid Cap Investments : 6.47% | Small Cap Investments : 5.1% | Other : 20.4%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	121	71.54
Top 5 Stock Weight	19.66%	21.44%
Top 10 Stock Weight	32.16%	32.64%
Top 3 Sector Weight	23.88%	24.36%

Category - Dynamic Asset Allocation or Balanced Advantage

Particulars	This Scheme	Category
Average mcap (Cr)	112435.00	94702.15
Holdings in large cap stocks	47.56%	38.05%
Holdings in mid cap stocks	6.47%	8.49%
Holdings in small cap stocks	5.1%	4.5%

Category - Dynamic Asset Allocation or Balanced Advantage

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
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	1166.8	5.03%	0.32%	5.03% (Oct 2025)	2.92% (Dec 2024)	5.68 L	618.00
Bajaj Finance Ltd.	Non banking financial company (nbfc)	1106.5	4.77%	-0.09%	6.17% (Mar 2025)	3.99% (Apr 2025)	10.61 L	-0.39 L
ICICI Bank Ltd.	Private sector bank	803.2	3.46%	-0.15%	4.19% (May 2025)	3.46% (Oct 2025)	5.97 L	-9.06 k
Reliance Industries Ltd.	Refineries & marketing	769.8	3.32%	0.36%	3.32% (Oct 2025)	2.92% (Dec 2024)	5.18 L	27.24 k
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	715.4	3.08%	-0.10%	3.18% (Sep 2025)	2.11% (Mar 2025)	2.05 L	-4.67 k
HDFC Bank Ltd.	Private sector bank	713.3	3.07%	-0.01%	3.38% (Jul 2025)	1.41% (Dec 2024)	7.23 L	-0.11 L
State Bank Of India	Public sector bank	664.2	2.86%	0.10%	4.17% (Nov 2024)	1.71% (Apr 2025)	7.09 L	-6.47 k
Kotak Mahindra Bank Ltd.	Private sector bank	534.6	2.30%	-0.44%	2.74% (Sep 2025)	1.38% (Nov 2024)	2.54 L	-0.57 L
Tata Consultancy Services Ltd.	Computers - software & consulting	528.8	2.28%	0.06%	2.83% (May 2025)	2.22% (Sep 2025)	1.73 L	-1.28 k
One 97 Communications Ltd.	Financial technology (fintech)	462.1	1.99%	0.20%	2.02% (Aug 2025)	1.27% (Feb 2025)	3.55 L	-5.01 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

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
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	5.9	1166.8	5.03%	0.32%	5.03% (Oct 2025)	2.92% (Dec 2024)	5.68 L	618.00	Large Cap	47.56
Bajaj Finance Ltd.	Non banking financial company (nbfc)	5.19	1106.5	4.77%	-0.09%	6.17% (Mar 2025)	3.99% (Apr 2025)	10.61 L	-0.39 L	Other	20.4
ICICI Bank Ltd.	Private sector bank	12.13	803.2	3.46%	-0.15%	4.19% (May 2025)	3.46% (Oct 2025)	5.97 L	-9.06 k	Large Cap	47.56
Reliance Industries Ltd.	Refineries & marketing	3.56	769.8	3.32%	0.36%	3.32% (Oct 2025)	2.92% (Dec 2024)	5.18 L	27.24 k	Large Cap	47.56
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	3.57	715.4	3.08%	-0.10%	3.18% (Sep 2025)	2.11% (Mar 2025)	2.05 L	-4.67 k	Large Cap	47.56
HDFC Bank Ltd.	Private sector bank	12.13	713.3	3.07%	-0.01%	3.38% (Jul 2025)	1.41% (Dec 2024)	7.23 L	-0.11 L	Other	20.4
State Bank Of India	Public sector bank	3.55	664.2	2.86%	0.10%	4.17% (Nov 2024)	1.71% (Apr 2025)	7.09 L	-6.47 k	Large Cap	47.56
Kotak Mahindra Bank Ltd.	Private sector bank	12.13	534.6	2.30%	-0.44%	2.74% (Sep 2025)	1.38% (Nov 2024)	2.54 L	-0.57 L	Large Cap	47.56
Tata Consultancy Services Ltd.	Computers - software & consulting	5.85	528.8	2.28%	0.06%	2.83% (May 2025)	2.22% (Sep 2025)	1.73 L	-1.28 k	Large Cap	47.56
One 97 Communications Ltd.	Financial technology (fintech)	2.24	462.1	1.99%	0.20%	2.02% (Aug 2025)	1.27% (Feb 2025)	3.55 L	-5.01 k	Other	20.4
Titan Company Ltd.	Gems, jewellery and watches	1.98	458.3	1.98%	0.10%	1.98% (Oct 2025)	0.63% (Nov 2024)	1.22 L	-4.23 k	Large Cap	47.56
United Spirits Ltd.	Breweries & distilleries	1.8	416.8	1.80%	0.09%	1.8% (Oct 2025)	1.35% (Jul 2025)	2.91 L	-0.31 k	Large Cap	47.56
Infosys Ltd.	Computers - software & consulting	5.85	396	1.71%	-0.02%	6.03% (Jan 2025)	1.71% (Oct 2025)	2.67 L	-4.32 k	Large Cap	47.56
Axis Bank Ltd.	Private sector bank	12.13	369.3	1.59%	0.07%	2.02% (Apr 2025)	1.05% (Dec 2024)	3.00 L	-4.85 k	Large Cap	47.56
Varun Beverages Ltd.	Other beverages	1.58	366.5	1.58%	0.03%	2.76% (Dec 2024)	1.55% (Sep 2025)	7.80 L	-0.13 L	Other	20.4
HDFC Life Insurance Company Ltd.	Life insurance	1.9	328.5	1.42%	-0.08%	1.59% (Jun 2025)	1.22% (Dec 2024)	4.49 L	0.00	Large Cap	47.56
Larsen & Toubro Ltd.	Civil construction	1.65	306.7	1.32%	0.07%	1.55% (Mar 2025)	1.19% (May 2025)	76.10 k	-1.23 k	Large Cap	47.56
Aurobindo Pharma Ltd.	Pharmaceuticals	4.76	259	1.12%	0.01%	1.21% (Jul 2025)	0.4% (Feb 2025)	2.27 L	-3.31 k	Large Cap	47.56
J S W Steel Ltd.	Iron & steel products	1.11	241	1.04%	0.03%	1.04% (Oct 2025)	0.79% (Dec 2024)	2.00 L	0.00	Large Cap	47.56
Hindustan Unilever Ltd.	Diversified fmcg	1.97	238.2	1.03%	-0.04%	1.23% (Jan 2025)	0.96% (Jun 2025)	96.60 k	0.00	Large Cap	47.56
Hindustan Aeronautics Ltd.	Aerospace & defense	1.33	231.7	1.00%	-0.04%	1.09% (May 2025)	0% (Nov 2024)	49.50 k	0.00	Other	20.4
Lupin Ltd.	Pharmaceuticals	4.76	230.4	0.99%	0.06%	1.07% (Dec 2024)	0.86% (Apr 2025)	1.17 L	7.27 k	Large Cap	47.56
ITC Limited	Diversified fmcg	1.97	218.3	0.94%	0.01%	0.94% (Oct 2025)	0.25% (Mar 2025)	5.19 L	-4.60 k	Large Cap	47.56
InterGlobe Aviation Ltd.	Airline	0.89	206.6	0.89%	-0.03%	1.01% (Mar 2025)	0.74% (Jul 2025)	36.72 k	-0.59 k	Large Cap	47.56
Bharti Airtel Ltd. - Partly Paid	Telecom - cellular & fixed line services	5.9	202.8	0.87%	0.05%	0.91% (Jun 2025)	0.71% (Dec 2024)	1.29 L	-2.09 k	Other	20.4
- Mphasis Ltd.	Computers - software & consulting	5.85	202.3	0.87%	0.00%	0.91% (Jun 2025)	0.29% (Feb 2025)	73.19 k	-0.62 k	Mid Cap	6.47
Aster DM Healthcare Ltd.	Hospital	0.86	200.2	0.86%	-0.04%	1.26% (Dec 2024)	0.86% (Oct 2025)	2.95 L	-0.30 L	Small Cap	5.1
Vedanta Ltd.	Diversified metals	0.8	185.7	0.80%	0.01%	1.22% (Mar 2025)	0.74% (Aug 2025)	3.76 L	-6.03 k	Large Cap	47.56
Ultratech Cement Ltd.	Cement & cement products	0.77	177	0.76%	-0.05%	1.24% (Mar 2025)	0.22% (Dec 2024)	14.81 k	-0.17 k	Large Cap	47.56
Indusind Bank Ltd.	Private sector bank	12.13	164.6	0.71%	0.03%	0.72% (Aug 2025)	0.3% (Jul 2025)	2.07 L	-3.35 k	Large Cap	47.56
Zinka Logistics Solutions Ltd.	Logistics solution provider	0.69	159.4	0.69%	0.04%	0.7% (Aug 2025)	0.3% (Nov 2024)	2.33 L	-3.77 k	Other	20.4
IDFC First Bank Ltd.	Private sector bank	12.13	150.1	0.65%	0.17%	0.65% (Oct 2025)	0% (Nov 2024)	18.36 L	2.73 L	Mid Cap	6.47
Glenmark Pharmaceuticals Ltd.	Pharmaceuticals	4.76	148.7	0.64%	-0.01%	0.83% (Dec 2024)	0.64% (Oct 2025)	78.65 k	2.85 k	Mid Cap	6.47
Eternal Ltd.	E-retail/ e-commerce	0.91	145.3	0.63%	-0.04%	1.55% (Dec 2024)	0.49% (Mar 2025)	4.57 L	-7.40 k	Other	20.4
Bharat Heavy Electricals Ltd.	Heavy electrical equipment	1.66	134.5	0.58%	0.05%	0.59% (Jun 2025)	0% (Nov 2024)	5.07 L	0.00	Mid Cap	6.47
Anand Rathi Share & Stock Brokers Ltd.	Stockbroking & allied	0.83	122.9	0.53%	0.05%	0.53% (Oct 2025)	0% (Nov 2024)	2.42 L	0.00	Other	20.4
Signature Global (India) Ltd.	Residential, commercial projects	2.02	122.6	0.53%	-0.01%	0.7% (Jan 2025)	0.53% (Oct 2025)	1.13 L	-1.83 k	Other	20.4
Wockhardt Ltd.	Pharmaceuticals	4.76	120.4	0.52%	-0.11%	0.74% (Jun 2025)	0.52% (Oct 2025)	93.96 k	-0.75 k	Small Cap	5.1
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	4.76	117.4	0.51%	0.01%	0.62% (Dec 2024)	0.5% (Sep 2025)	69.42 k	-1.12 k	Large Cap	47.56
National Thermal Power Corporation Ltd.	Power generation	0.9	116.7	0.50%	-0.03%	0.73% (Mar 2025)	0.5% (Oct 2025)	3.46 L	-5.61 k	Large Cap	47.56
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	3.57	114.4	0.49%	-0.03%	0.77% (Feb 2025)	0.08% (Apr 2025)	7.07 k	-0.27 k	Large Cap	47.56
UPL Ltd.	Pesticides & agrochemicals	0.86	113.5	0.49%	0.03%	1.82% (Feb 2025)	0% (Nov 2024)	1.58 L	-2.55 k	Large Cap	47.56
Punjab National Bank	Public sector bank	3.55	110.5	0.48%	0.06%	0.48% (Oct 2025)	0% (Nov 2024)	8.99 L	56.00 k	Large Cap	47.56
- GAIL (India) Ltd.	Gas transmission/marketing	0.47	108.2	0.47%	0.00%	0.71% (May 2025)	0.26% (Feb 2025)	5.92 L	-9.58 k	Large Cap	47.56
CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	1.66	107.4	0.46%	-0.02%	0.67% (Jul 2025)	0% (Nov 2024)	1.46 L	-1.71 k	Small Cap	5.1
Tech Mahindra Ltd.	Computers - software & consulting	5.85	106.8	0.46%	-0.01%	0.97% (Jan 2025)	0.46% (Oct 2025)	74.97 k	-0.91 k	Large Cap	47.56
Godrej Properties Ltd.	Residential, commercial projects	2.02	105.6	0.46%	-0.01%	0.49% (Aug 2025)	0% (Nov 2024)	46.15 k	-8.43 k	Mid Cap	6.47
Cholamandalam Financial Holdings Ltd.	Investment company	0.45	104.5	0.45%	-0.01%	0.8% (Mar 2025)	0.44% (Aug 2025)	54.63 k	-0.88 k	Small Cap	5.1
Medplus Health Services Ltd.	Pharmacy retail	0.45	103.5	0.45%	-0.01%	0.62% (May 2025)	0.45% (Oct 2025)	1.36 L	-2.20 k	Other	20.4
Thirumalai Chemicals Ltd.	Chemicals - organic	0.44	102.2	0.44%	-0.01%	0.45% (Sep 2025)	0% (Nov 2024)	3.61 L	0.00	Small Cap	5.1
SBI Life Insurance Co Ltd.	Life insurance	1.9	101.9	0.44%	0.02%	0.69% (Apr 2025)	0% (Nov 2024)	52.09 k	-0.72 k	Large Cap	47.56
Prudent Corporate Advisory Services Ltd.	Financial products distributor	0.43	100.4	0.43%	-0.02%	0.61% (Nov 2024)	0.35% (Feb 2025)	39.29 k	-0.64 k	Other	20.4
Divis Laboratories Ltd.	Pharmaceuticals	4.76	100.4	0.43%	0.06%	0.44% (Jun 2025)	0.04% (Nov 2024)	14.90 k	0.00	Large Cap	47.56
- SRF Ltd.	Specialty chemicals	0.46	100.2	0.43%	0.00%	0.93% (May 2025)	0.27% (Nov 2024)	34.20 k	0.00	Mid Cap	6.47
J S W Energy Ltd.	Power generation	0.9	93.8	0.40%	-0.02%	0.48% (Apr 2025)	0% (Nov 2024)	1.78 L	-2.88 k	Mid Cap	6.47
Indus Towers Ltd.	Telecom - infrastructure	0.4	92.7	0.40%	-0.12%	0.63% (Mar 2025)	0.31% (Aug 2025)	2.55 L	-0.85 L	Large Cap	47.56
Bajaj Auto Ltd.	2/3 wheelers	0.6	87.9	0.38%	-0.01%	0.57% (Jan 2025)	0.38% (Oct 2025)	9.89 k	-0.16 k	Large Cap	47.56
Devyani International Ltd.	Restaurants	0.38	87.1	0.38%	-0.03%	0.48% (Aug 2025)	0.35% (Mar 2025)	5.38 L	-8.72 k	Other	20.4
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	0.37	86.7	0.37%	0.05%	0.37% (Oct 2025)	0% (Nov 2024)	9.38 k	0.00	Small Cap	5.1
- Pi Industries Ltd.	Pesticides & agrochemicals	0.86	86.4	0.37%	0.00%	0.45% (Jul 2025)	0.34% (Feb 2025)	24.15 k	0.00	Mid Cap	6.47
City Union Bank Ltd.	Private sector bank	12.13	81.2	0.35%	-0.05%	0.57% (Jun 2025)	0% (Nov 2024)	3.55 L	-0.71 L	Mid Cap	6.47
Motherson Sumi Systems Ltd.	Auto components & equipments	0.52	79.7	0.34%	-0.01%	0.4% (Apr 2025)	0% (Nov 2024)	7.56 L	0.00	Large Cap	47.56
Rural Electrification Corporation Limited	Financial institution	0.34	79	0.34%	-0.01%	0.58% (Nov 2024)	0.34% (Oct 2025)	2.11 L	-3.41 k	Mid Cap	6.47
Phoenix Mills Ltd.	Residential, commercial projects	2.02	78.6	0.34%	0.09%	0.34% (Oct 2025)	0% (Nov 2024)	46.70 k	9.71 k	Small Cap	5.1
Suraksha Diagnostic Ltd.	Healthcare service provider	0.34	78.5	0.34%	0.01%	0.48% (Nov 2024)	0.29% (Mar 2025)	2.47 L	0.00	Other	20.4
Suven Pharmaceuticals Ltd.	Pharmaceuticals	4.76	78	0.34%	-0.02%	0.36% (Sep 2025)	0% (Nov 2024)	1.04 L	10.00 k	Other	20.4
- Bharat Electronics Ltd.	Aerospace & defense	1.33	77.7	0.33%	0.00%	0.63% (Nov 2024)	0.31% (Feb 2025)	1.82 L	-2.95 k	Mid Cap	6.47
ISGEC Heavy Engineering Ltd.	Civil construction	1.65	77.5	0.33%	-0.02%	0.84% (Dec 2024)	0.33% (Oct 2025)	88.10 k	-1.43 k	Other	20.4
Suzlon Energy Ltd.	Heavy electrical equipment	1.66	75.9	0.33%	0.02%	0.33% (Oct 2025)	0% (Nov 2024)	12.80 L	0.00	Small Cap	5.1
Wipro Ltd.	Computers - software & consulting	5.85	75.4	0.32%	-0.02%	0.8% (Jan 2025)	0% (Nov 2024)	3.13 L	-5.07 k	Large Cap	47.56
Vedant Fashions Ltd.	Speciality retail	0.47	71.3	0.31%	-0.03%	0.56% (Nov 2024)	0.26% (May 2025)	1.10 L	-0.88 k	Other	20.4
Angel One Ltd.	Stockbroking & allied	0.83	70.7	0.30%	0.03%	0.34% (Jul 2025)	0% (Nov 2024)	28.37 k	-0.23 k	Other	20.4
KEC International Ltd.	Heavy electrical equipment	1.66	66.8	0.29%	-0.03%	0.47% (May 2025)	0% (Nov 2024)	81.69 k	-1.32 k	Small Cap	5.1
- Sobha Ltd.	Residential, commercial projects	2.02	62	0.27%	0.00%	0.64% (Nov 2024)	0.26% (Aug 2025)	38.31 k	-0.62 k	Small Cap	5.1
Bajaj Finserv Ltd	Holding company	0.26	59.5	0.26%	0.01%	0.26% (Oct 2025)	0% (Nov 2024)	28.50 k	0.00	Other	20.4
# PB Fintech Ltd.	Financial technology (fintech)	2.24	58.6	0.25%	0.25%	0.25% (Oct 2025)	0% (Nov 2024)	32.81 k	32.81 k	Other	20.4
# Shriram Finance Ltd.	Non banking financial company (nbfc)	5.19	55.8	0.24%	0.24%	0.24% (Oct 2025)	0% (Nov 2024)	74.49 k	74.49 k	Other	20.4
Urban Company Ltd.	E-retail/ e-commerce	0.91	55.1	0.24%	-0.26%	0.5% (Sep 2025)	0% (Nov 2024)	3.49 L	-3.30 L	Other	20.4
Nestle India Ltd.	Packaged foods	0.24	54.8	0.24%	-0.19%	0.43% (Sep 2025)	0% (Nov 2024)	43.10 k	-0.42 L	Other	20.4
Prestige Estates Projects Ltd.	Residential, commercial projects	2.02	54.2	0.23%	0.02%	0.23% (Oct 2025)	0% (Nov 2024)	31.05 k	0.00	Mid Cap	6.47
Eicher Motors Ltd.	2/3 wheelers	0.6	51.5	0.22%	-0.01%	0.23% (Sep 2025)	0% (Nov 2024)	7.35 k	0.00	Other	20.4
- Birlasoft Ltd.	Computers - software & consulting	5.85	48.8	0.21%	0.00%	0.23% (Jun 2025)	0% (Nov 2024)	1.31 L	-2.13 k	Small Cap	5.1
- Marico Ltd.	Personal care	0.38	48.4	0.21%	0.00%	0.22% (Aug 2025)	0% (Nov 2024)	67.20 k	0.00	Large Cap	47.56
- Arvind Ltd.	Garments & apparels	0.2	45.9	0.20%	0.00%	0.27% (May 2025)	0% (Nov 2024)	1.44 L	-2.33 k	Small Cap	5.1
- Info Edge (India) Ltd.	Internet & catalogue retail	0.19	45.2	0.19%	0.00%	1.45% (Dec 2024)	0% (Nov 2024)	32.77 k	-0.53 k	Other	20.4
DLF Ltd.	Residential, commercial projects	2.02	43.7	0.19%	0.01%	0.21% (Dec 2024)	0.17% (Apr 2025)	57.75 k	0.00	Large Cap	47.56
UNO Minda Ltd.	Auto components & equipments	0.52	41.4	0.18%	-0.02%	0.4% (Dec 2024)	0.14% (Feb 2025)	33.49 k	-0.54 k	Small Cap	5.1
- Power Grid Corporation of India Ltd.	Power - transmission	0.29	41.1	0.18%	0.00%	0.43% (Nov 2024)	0% (Nov 2024)	1.43 L	0.00	Large Cap	47.56
Hindustan Petroleum Corporation Ltd.	Refineries & marketing	3.56	39.5	0.17%	0.01%	0.17% (Oct 2025)	0% (Nov 2024)	83.03 k	0.00	Large Cap	47.56
- Dabur India Ltd.	Personal care	0.38	39	0.17%	0.00%	0.17% (Oct 2025)	0% (Nov 2024)	80.00 k	0.00	Large Cap	47.56
Trent Limited	Speciality retail	0.47	38.2	0.16%	-0.01%	0.74% (Dec 2024)	0.16% (Oct 2025)	8.14 k	-0.13 k	Mid Cap	6.47
# Cipla Ltd.	Pharmaceuticals	4.76	37.5	0.16%	0.16%	0.16% (Oct 2025)	0% (Nov 2024)	25.00 k	25.00 k	Large Cap	47.56
NMDC LTD	Industrial minerals	0.12	28.7	0.12%	-0.01%	0.52% (Mar 2025)	0% (Nov 2024)	3.78 L	0.00	Mid Cap	6.47
- Muthoot Finance Pvt. Ltd.	Non banking financial company (nbfc)	5.19	26.2	0.11%	0.00%	0.14% (May 2025)	0% (Nov 2024)	8.25 k	0.00	Mid Cap	6.47
Adani Energy Solutions Ltd.	Power - transmission	0.29	25.3	0.11%	0.01%	0.11% (Oct 2025)	0% (Nov 2024)	25.65 k	0.00	Mid Cap	6.47
Canara Bank	Public sector bank	3.55	21.3	0.09%	0.01%	0.09% (Oct 2025)	0% (Nov 2024)	1.55 L	0.00	Other	20.4
- Carborundum Universal Ltd.	Abrasives & bearings	0.09	20.5	0.09%	0.00%	0.09% (May 2025)	0% (Nov 2024)	22.73 k	48.00	Small Cap	5.1
Au Small Finance Bank Ltd.	Other bank	0.08	19.3	0.08%	0.01%	0.08% (Oct 2025)	0% (Nov 2024)	22.00 k	0.00	Mid Cap	6.47
Zee Entertainment Enterprises Ltd.	Tv broadcasting & software production	0.08	18.9	0.08%	-0.01%	0.12% (Jun 2025)	0.08% (Feb 2025)	1.88 L	-1.53 k	Large Cap	47.56
Bank Of Baroda	Public sector bank	3.55	17.9	0.08%	0.01%	0.08% (Oct 2025)	0% (Nov 2024)	64.35 k	0.00	Large Cap	47.56
- Indian Oil Corporation Ltd.	Refineries & marketing	3.56	17	0.07%	0.00%	0.07% (Oct 2025)	0% (Nov 2024)	1.02 L	0.00	Large Cap	47.56
- Asian Paints (india) Ltd.	Paints	0.07	17	0.07%	0.00%	0.07% (Aug 2025)	0% (Nov 2024)	6.75 k	0.00	Large Cap	47.56
- Manappuram Finance Ltd.	Non banking financial company (nbfc)	5.19	15.4	0.07%	0.00%	0.07% (Sep 2025)	0% (Nov 2024)	57.00 k	0.00	Mid Cap	6.47
- Jindal Steel Ltd.	Iron & steel products	1.11	15.3	0.07%	0.00%	0.07% (Oct 2025)	0% (Nov 2024)	14.38 k	0.00	Mid Cap	6.47
- Praj Industries Ltd.	Industrial products	0.06	14	0.06%	0.00%	0.43% (Nov 2024)	0.06% (Sep 2025)	41.53 k	-0.67 k	Small Cap	5.1
# J.b. Chemicals & Pharmaceuticals Ltd.	Pharmaceuticals	4.76	11.3	0.05%	0.05%	0.05% (Oct 2025)	0% (Nov 2024)	6.70 k	6.70 k	Other	20.4
- Indian Railway Catering and Tourism Corporation Ltd.	Tour, travel related services	0.04	10.1	0.04%	0.00%	0.05% (May 2025)	0% (Nov 2024)	14.00 k	0.00	Other	20.4
- Aditya Birla Capital Ltd.	Life insurance	1.9	10.1	0.04%	0.00%	0.04% (Sep 2025)	0% (Nov 2024)	31.00 k	0.00	Mid Cap	6.47
- Bank Of India	Public sector bank	3.55	9.5	0.04%	0.00%	0.05% (Jul 2025)	0% (Nov 2024)	67.60 k	0.00	Mid Cap	6.47
# Brainbees Solutions Ltd.	E-retail/ e-commerce	0.91	8.6	0.04%	0.04%	0.04% (Oct 2025)	0% (Nov 2024)	24.80 k	24.80 k	Other	20.4
Pidilite Industries Ltd.	Specialty chemicals	0.46	8	0.03%	-0.01%	0.04% (Sep 2025)	0% (Nov 2024)	5.50 k	0.00	Large Cap	47.56
Garware Technical Fibres Ltd.	Other textile products	0.03	7.5	0.03%	0.01%	0.03% (Oct 2025)	0% (Nov 2024)	9.82 k	3.80 k	Small Cap	5.1
- Tata Consumer Products Ltd.	Tea & coffee	0.02	3.9	0.02%	0.00%	0.02% (Oct 2025)	0% (Nov 2024)	3.30 k	0.00	Mid Cap	6.47
- Ambuja Cements Ltd.	Cement & cement products	0.77	3	0.01%	0.00%	0.62% (Mar 2025)	0.01% (Jul 2025)	5.25 k	0.00	Large Cap	47.56
- Torrent Power Ltd.	Integrated power utilities	0	1	0.00%	0.00%	0% (Aug 2025)	0% (Nov 2024)	750.00	0.00	Mid Cap	6.47
- Polycab India Limited	Cables - electricals	0	1	0.00%	0.00%	0% (Aug 2025)	0% (Nov 2024)	125.00	0.00	Other	20.4
- Bosch Ltd.	Auto components & equipments	0.52	0.9	0.00%	0.00%	0% (Aug 2025)	0% (Nov 2024)	25.00	0.00	Large Cap	47.56
- Torrent Pharmaceuticals Ltd.	Pharmaceuticals	4.76	0.9	0.00%	0.00%	0% (Sep 2025)	0% (Nov 2024)	250.00	0.00	Mid Cap	6.47
- HDFC Asset Management Co. Ltd.	Asset management company	0	0.8	0.00%	0.00%	0% (Jul 2025)	0% (Nov 2024)	150.00	0.00	Large Cap	47.56
- Dalmia Bharat Ltd.	Cement & cement products	0.77	0.7	0.00%	0.00%	0% (Oct 2025)	0% (Nov 2024)	325.00	0.00	Mid Cap	6.47
- Patanjali Foods Ltd.	Edible oil	0	0.5	0.00%	0.00%	0% (Oct 2025)	0% (Nov 2024)	900.00	0.00	Other	20.4
Crizac Ltd.	Internet & catalogue retail	0.19	48.1	0.00%	-0.21%	-	-	-	-	Other	20.4
Bond - T-Bill	Other		249.2	0.00%	-1.10%	-	-	-	-	Other	20.4
Tata Motors Ltd.	Passenger cars & utility vehicles	3.57	257.4	0.00%	-1.14%	-	-	-	-	Large Cap	47.56
Bandhan Bank Ltd.	Private sector bank	12.13	17.5	0.00%	-0.08%	-	-	-	-	Large Cap	47.56
Rainbow Childrens Medicare Ltd.	Hospital	0.86	72.6	0.00%	-0.32%	-	-	-	-	Other	20.4
Granules India Ltd.	Pharmaceuticals	4.76	100.9	0.00%	-0.45%	-	-	-	-	Small Cap	5.1

- 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
# J.b. Chemicals & Pharmaceuticals Ltd.	Pharmaceuticals	11.3	0.05%	0.05%	0.05% (Oct 2025)	0% (Nov 2024)	6.70 k	6700
# Cipla Ltd.	Pharmaceuticals	37.5	0.16%	0.16%	0.16% (Oct 2025)	0% (Nov 2024)	25.00 k	25000
# PB Fintech Ltd.	Financial technology (fintech)	58.6	0.25%	0.25%	0.25% (Oct 2025)	0% (Nov 2024)	32.81 k	32814
# Shriram Finance Ltd.	Non banking financial company (nbfc)	55.8	0.24%	0.24%	0.24% (Oct 2025)	0% (Nov 2024)	74.49 k	74491
# Brainbees Solutions Ltd.	E-retail/ e-commerce	8.6	0.04%	0.04%	0.04% (Oct 2025)	0% (Nov 2024)	24.80 k	24803

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
Crizac Ltd.	Internet & catalogue retail	48.1	0.00%	-0.21%	0.47% (Jul 2025)	0% (Nov 2024)	-163321
Bond - T-Bill	Other	249.2	0.00%	-1.10%	0% (Nov 2025)	0% (Nov 2025)	-2500000
Tata Motors Ltd.	Passenger cars & utility vehicles	257.4	0.00%	-1.14%	1.64% (Nov 2024)	0% (Nov 2024)	-378400
Bandhan Bank Ltd.	Private sector bank	17.5	0.00%	-0.08%	0.09% (Jun 2025)	0% (Nov 2024)	-108000
Rainbow Childrens Medicare Ltd.	Hospital	72.6	0.00%	-0.32%	0.71% (Nov 2024)	0% (Nov 2024)	-53535
Granules India Ltd.	Pharmaceuticals	100.9	0.00%	-0.45%	0.75% (Dec 2024)	0% (Nov 2024)	-195225

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
Infosys Ltd.	1.71%	1.73%	5.37%	5.46%	5.70%	5.79%	4.78%	4.98%	5.54%	6.03%	5.58%	5.49%	4.99%
Bajaj Finance Ltd.	4.77%	4.86%	4.40%	4.37%	4.63%	4.61%	3.99%	6.17%	6.09%	5.49%	4.59%	4.40%	4.64%
Bharti Airtel Ltd.	5.03%	4.71%	4.39%	3.57%	3.73%	3.67%	3.54%	4.28%	4.01%	3.10%	2.92%	2.98%	2.72%
ICICI Bank Ltd.	3.46%	3.61%	3.91%	4.11%	3.99%	4.19%	3.91%	3.76%	3.48%	3.53%	3.48%	3.52%	3.27%
State Bank Of India	2.86%	2.76%	2.65%	2.53%	2.60%	2.61%	1.71%	4.16%	3.85%	4.00%	3.97%	4.17%	3.61%
Reliance Industries Ltd.	3.32%	2.96%	3.04%	3.08%	3.31%	3.19%	3.14%	3.14%	3.06%	3.15%	2.92%	3.09%	3.20%
HDFC Bank Ltd.	3.07%	3.08%	3.22%	3.38%	3.34%	3.30%	3.08%	2.83%	2.77%	2.41%	1.41%	1.42%	4.81%
Cholamandalam Investment & Finance Co. Ltd.	-	-	-	-	-	-	-	3.23%	3.08%	2.76%	2.46%	2.55%	2.64%
Tata Consultancy Services Ltd.	2.28%	2.22%	2.43%	2.36%	2.79%	2.83%	2.76%	2.58%	2.33%	2.68%	2.58%	2.68%	2.36%
Mahindra & Mahindra Ltd.	3.08%	3.18%	2.96%	2.66%	2.63%	2.50%	2.28%	2.11%	2.12%	2.39%	2.32%	2.28%	2.11%
Varun Beverages Ltd.	1.58%	1.55%	1.79%	2.05%	1.79%	1.89%	2.28%	2.40%	2.00%	2.41%	2.76%	2.68%	0.93%
Kotak Mahindra Bank Ltd.	2.30%	2.74%	2.30%	1.91%	1.67%	1.63%	1.74%	1.74%	1.58%	1.54%	1.40%	1.38%	1.36%
One 97 Communications Ltd.	1.99%	1.79%	2.02%	1.78%	1.59%	1.55%	1.46%	1.34%	1.27%	1.34%	1.70%	1.50%	1.02%
Axis Bank Ltd.	1.59%	1.52%	1.47%	1.49%	1.67%	1.88%	2.02%	2.01%	1.91%	1.47%	1.05%	1.11%	0.99%
United Spirits Ltd.	1.80%	1.71%	1.45%	1.35%	1.43%	1.55%	1.60%	1.46%	1.39%	1.50%	1.65%	1.55%	1.48%

No of Debt Holding 15 (Category Avg - 29.49) | Modified Duration 4.66 Years (Category Avg - 3.07)| Yield to Maturity 6.66% (Category Avg - 6.64%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	11.24%	8.49%
CD	1.68%	0.28%
T-Bills	0.00%	0.96%
CP	2.10%	0.41%
NCD & Bonds	2.96%	10.62%
PTC	0.00%	0.29%

Category - Dynamic Asset Allocation or Balanced Advantage

Security Type	% Weight	Category Average
Government Backed	11.24%	9.46%
Low Risk	6.74%	10.68%
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 - Dynamic Asset Allocation or Balanced Advantage

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			922.81	3.98%	89.00 L
Bond - Govt of India	GOI	Other			858.49	3.70%	85.00 L
Bond - Govt of India	GOI	Other			519.26	2.24%	50.00 L
Bond - Power Finance Corporation Ltd.	CP	Financial institution	P1+	CRISIL	486.26	2.10%	50.00 L
Bond - Tata Capital Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	326.16	1.41%	25.00 L
Bond - Govt of India	GOI	Other			256.59	1.11%	25.00 L
Bond - Small Industries Development Bank Of India	CD	Financial institution	P1+	CRISIL	242.29	1.04%	25.00 L
Bond - Indian Bank	CD	Public sector bank	P1+	CRISIL	147.67	0.64%	15.00 L
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	101.61	0.44%	10.00 L
Bond - Aditya Birla Real Estate Ltd.	NCD & Bonds	Paper & paper products	AA	CRISIL	101.37	0.44%	10.00 L
Bond - Godrej Industries Ltd	NCD & Bonds	Animal feed	AA+	CRISIL	50.95	0.22%	5.00 L
Bond - Godrej Properties Ltd.	NCD & Bonds	Residential, commercial projects	LAA+	ICRA	50.94	0.22%	5.00 L
Bond - Muthoot Finance Pvt. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA+	CRISIL	50.70	0.22%	5.00 L
Bond - Govt of India	GOI	Other			48.61	0.21%	4.75 L
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	3.10	0.01%	30.00 k