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 : 474.00%. Category average turnover ratio is 431.27%. 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 : 80.90% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 80.90%

No of Stocks : 121 (Category Avg - 74.54) | Large Cap Investments : 48.25%| Mid Cap Investments : 6.33% | Small Cap Investments : 5.62% | Other : 20.7%

Portfolio Summary (as on 30th Sep,2025)

Particulars	This Scheme	Category
No. of Stocks	121	71.11
Top 5 Stock Weight	19.44%	21.56%
Top 10 Stock Weight	32%	33.1%
Top 3 Sector Weight	23.96%	24.46%

Category - Dynamic Asset Allocation or Balanced Advantage

Particulars	This Scheme	Category
Average mcap (Cr)	110475.99	93732.23
Holdings in large cap stocks	48.25%	38.85%
Holdings in mid cap stocks	6.33%	8.53%
Holdings in small cap stocks	5.62%	4.24%

Category - Dynamic Asset Allocation or Balanced Advantage

Top 10 Stocks holding in Portfolio (as on 30th Sep,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Bajaj Finance Ltd.	Non banking financial company (nbfc)	1098.9	4.86%	0.46%	6.17% (Mar 2025)	3.99% (Apr 2025)	11.00 L	-0.37 L
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	1065.6	4.71%	0.32%	4.71% (Sep 2025)	2.72% (Oct 2024)	5.67 L	40.38 k
ICICI Bank Ltd.	Private sector bank	817	3.61%	-0.30%	4.19% (May 2025)	3.27% (Oct 2024)	6.06 L	-0.29 L
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	719.1	3.18%	0.22%	3.18% (Sep 2025)	2.11% (Oct 2024)	2.10 L	-0.17 k
HDFC Bank Ltd.	Private sector bank	697.5	3.08%	-0.14%	4.81% (Oct 2024)	1.41% (Dec 2024)	7.33 L	-0.35 L
Reliance Industries Ltd.	Refineries & marketing	669.2	2.96%	-0.08%	3.31% (Jun 2025)	2.92% (Dec 2024)	4.91 L	-0.18 L
State Bank Of India	Public sector bank	624.1	2.76%	0.11%	4.17% (Nov 2024)	1.71% (Apr 2025)	7.15 L	-0.35 L
Kotak Mahindra Bank Ltd.	Private sector bank	621	2.74%	0.44%	2.74% (Sep 2025)	1.36% (Oct 2024)	3.12 L	45.57 k
Tata Consultancy Services Ltd.	Computers - software & consulting	503.2	2.22%	-0.21%	2.83% (May 2025)	2.22% (Sep 2025)	1.74 L	-4.11 k
Titan Company Ltd.	Gems, jewellery and watches	426.1	1.88%	0.64%	1.88% (Sep 2025)	0.63% (Nov 2024)	1.27 L	49.17 k

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

View complete holding

Complete equity Portfolio (as on 30th Sep,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
Bajaj Finance Ltd.	Non banking financial company (nbfc)	5.04	1098.9	4.86%	0.46%	6.17% (Mar 2025)	3.99% (Apr 2025)	11.00 L	-0.37 L	Other	20.7
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	5.53	1065.6	4.71%	0.32%	4.71% (Sep 2025)	2.72% (Oct 2024)	5.67 L	40.38 k	Large Cap	48.25
ICICI Bank Ltd.	Private sector bank	12.59	817	3.61%	-0.30%	4.19% (May 2025)	3.27% (Oct 2024)	6.06 L	-0.29 L	Large Cap	48.25
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	4.84	719.1	3.18%	0.22%	3.18% (Sep 2025)	2.11% (Oct 2024)	2.10 L	-0.17 k	Large Cap	48.25
HDFC Bank Ltd.	Private sector bank	12.59	697.5	3.08%	-0.14%	4.81% (Oct 2024)	1.41% (Dec 2024)	7.33 L	-0.35 L	Other	20.7
Reliance Industries Ltd.	Refineries & marketing	3.19	669.2	2.96%	-0.08%	3.31% (Jun 2025)	2.92% (Dec 2024)	4.91 L	-0.18 L	Large Cap	48.25
State Bank Of India	Public sector bank	3.37	624.1	2.76%	0.11%	4.17% (Nov 2024)	1.71% (Apr 2025)	7.15 L	-0.35 L	Large Cap	48.25
Kotak Mahindra Bank Ltd.	Private sector bank	12.59	621	2.74%	0.44%	2.74% (Sep 2025)	1.36% (Oct 2024)	3.12 L	45.57 k	Large Cap	48.25
Tata Consultancy Services Ltd.	Computers - software & consulting	5.84	503.2	2.22%	-0.21%	2.83% (May 2025)	2.22% (Sep 2025)	1.74 L	-4.11 k	Large Cap	48.25
Titan Company Ltd.	Gems, jewellery and watches	1.88	426.1	1.88%	0.64%	1.88% (Sep 2025)	0.63% (Nov 2024)	1.27 L	49.17 k	Large Cap	48.25
One 97 Communications Ltd.	Financial technology (fintech)	1.79	404.1	1.79%	-0.23%	2.02% (Aug 2025)	1.02% (Oct 2024)	3.60 L	-0.20 L	Other	20.7
Infosys Ltd.	Computers - software & consulting	5.84	391.4	1.73%	-3.64%	6.03% (Jan 2025)	1.73% (Sep 2025)	2.71 L	-5.57 L	Large Cap	48.25
United Spirits Ltd.	Breweries & distilleries	1.71	386	1.71%	0.26%	1.71% (Sep 2025)	1.35% (Jul 2025)	2.91 L	40.25 k	Large Cap	48.25
Varun Beverages Ltd.	Other beverages	1.55	351.9	1.55%	-0.24%	2.76% (Dec 2024)	0.93% (Oct 2024)	7.93 L	-0.41 L	Other	20.7
Axis Bank Ltd.	Private sector bank	12.59	344.4	1.52%	0.05%	2.02% (Apr 2025)	0.99% (Oct 2024)	3.04 L	-0.16 L	Large Cap	48.25
HDFC Life Insurance Company Ltd.	Life insurance	1.96	339.5	1.50%	-0.03%	1.59% (Jun 2025)	1.22% (Dec 2024)	4.49 L	0.00	Large Cap	48.25
Larsen & Toubro Ltd.	Civil construction	1.6	283	1.25%	-0.04%	1.9% (Oct 2024)	1.19% (May 2025)	77.33 k	-3.95 k	Large Cap	48.25
Tata Motors Ltd.	Passenger cars & utility vehicles	4.84	257.4	1.14%	0.02%	1.75% (Oct 2024)	0.95% (Apr 2025)	3.78 L	0.00	Large Cap	48.25
Aurobindo Pharma Ltd.	Pharmaceuticals	5	250.1	1.11%	0.01%	1.21% (Jul 2025)	0.4% (Feb 2025)	2.31 L	-0.12 L	Large Cap	48.25
Hindustan Unilever Ltd.	Diversified fmcg	2	242.9	1.07%	-0.06%	1.23% (Jan 2025)	0.96% (Jun 2025)	96.60 k	0.00	Large Cap	48.25
Hindustan Aeronautics Ltd.	Aerospace & defense	1.37	235	1.04%	0.09%	1.09% (May 2025)	0% (Oct 2024)	49.50 k	0.00	Other	20.7
J S W Steel Ltd.	Iron & steel products	1.08	228.3	1.01%	0.11%	1.01% (Sep 2025)	0.79% (Dec 2024)	2.00 L	0.00	Large Cap	48.25
ITC Limited	Diversified fmcg	2	210.4	0.93%	0.13%	1.2% (Oct 2024)	0.25% (Mar 2025)	5.24 L	79.66 k	Large Cap	48.25
Lupin Ltd.	Pharmaceuticals	5	210.4	0.93%	-0.02%	1.07% (Dec 2024)	0.86% (Apr 2025)	1.10 L	-3.47 k	Large Cap	48.25
InterGlobe Aviation Ltd.	Airline	0.92	208.8	0.92%	-0.05%	1.01% (Mar 2025)	0.52% (Oct 2024)	37.32 k	-1.48 k	Large Cap	48.25
Aster DM Healthcare Ltd.	Hospital	1.22	203.8	0.90%	-0.01%	1.26% (Dec 2024)	0.9% (Sep 2025)	3.25 L	-0.17 L	Small Cap	5.62
Mphasis Ltd.	Computers - software & consulting	5.84	196	0.87%	-0.03%	0.91% (Jun 2025)	0.29% (Feb 2025)	73.81 k	441.00	Mid Cap	6.33
Bharti Airtel Ltd. - Partly Paid	Telecom - cellular & fixed line services	5.53	185.1	0.82%	-0.05%	0.91% (Jun 2025)	0.71% (Dec 2024)	1.32 L	-5.07 k	Other	20.7
Ultratech Cement Ltd.	Cement & cement products	0.82	183.1	0.81%	-0.05%	1.24% (Mar 2025)	0.21% (Oct 2024)	14.98 k	-0.54 k	Large Cap	48.25
Vedanta Ltd.	Diversified metals	0.79	178.1	0.79%	0.05%	1.22% (Mar 2025)	0.74% (Aug 2025)	3.82 L	-0.19 L	Large Cap	48.25
Indusind Bank Ltd.	Private sector bank	12.59	154.8	0.68%	-0.04%	0.72% (Aug 2025)	0.3% (Jul 2025)	2.10 L	-0.10 L	Large Cap	48.25
Eternal Ltd.	E-retail/ e-commerce	1.17	151.3	0.67%	-0.07%	1.55% (Dec 2024)	0.49% (Mar 2025)	4.65 L	-0.69 L	Other	20.7
Glenmark Pharmaceuticals Ltd.	Pharmaceuticals	5	148	0.65%	-0.02%	0.88% (Oct 2024)	0.65% (Sep 2025)	75.80 k	-3.28 k	Mid Cap	6.33
Zinka Logistics Solutions Ltd.	Logistics solution provider	0.65	147.4	0.65%	-0.05%	0.7% (Aug 2025)	0% (Oct 2024)	2.37 L	-0.12 L	Other	20.7
- Wockhardt Ltd.	Pharmaceuticals	5	143.6	0.63%	0.00%	0.74% (Jun 2025)	0% (Oct 2024)	94.71 k	-4.84 k	Small Cap	5.62
Signature Global (India) Ltd.	Residential, commercial projects	1.92	121.1	0.54%	-0.04%	0.7% (Jan 2025)	0.54% (Sep 2025)	1.15 L	-5.64 k	Other	20.7
Bharat Heavy Electricals Ltd.	Heavy electrical equipment	1.64	120.8	0.53%	0.07%	0.59% (Jun 2025)	0% (Oct 2024)	5.07 L	0.00	Mid Cap	6.33
- National Thermal Power Corporation Ltd.	Power generation	0.95	119.8	0.53%	0.00%	0.73% (Mar 2025)	0.53% (Aug 2025)	3.52 L	-0.18 L	Large Cap	48.25
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	4.84	117.6	0.52%	-0.22%	0.77% (Feb 2025)	0.08% (Jun 2025)	7.34 k	-4.01 k	Large Cap	48.25
Indus Towers Ltd.	Telecom - infrastructure	0.52	116.6	0.52%	0.21%	0.63% (Mar 2025)	0.31% (Aug 2025)	3.40 L	1.33 L	Large Cap	48.25
# Urban Company Ltd.	E-retail/ e-commerce	1.17	113.7	0.50%	0.50%	0.5% (Sep 2025)	0% (Oct 2024)	6.79 L	6.79 L	Other	20.7
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	5	112.5	0.50%	-0.02%	2.04% (Oct 2024)	0.5% (Sep 2025)	70.54 k	-3.60 k	Large Cap	48.25
CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	1.64	109.3	0.48%	-0.18%	0.67% (Jul 2025)	0% (Oct 2024)	1.47 L	-0.68 L	Small Cap	5.62
IDFC First Bank Ltd.	Private sector bank	12.59	109.1	0.48%	-0.11%	0.59% (Aug 2025)	0% (Oct 2024)	15.63 L	-3.89 L	Mid Cap	6.33
# Anand Rathi Share & Stock Brokers Ltd.	Stockbroking & allied	0.75	107.6	0.48%	0.48%	0.48% (Sep 2025)	0% (Oct 2024)	2.42 L	2.42 L	Other	20.7
Godrej Properties Ltd.	Residential, commercial projects	1.92	107.5	0.47%	-0.02%	0.49% (Aug 2025)	0% (Oct 2024)	54.58 k	-2.68 k	Mid Cap	6.33
Tech Mahindra Ltd.	Computers - software & consulting	5.84	106.3	0.47%	-0.14%	1.61% (Oct 2024)	0.47% (Sep 2025)	75.88 k	-0.17 L	Large Cap	48.25
GAIL (India) Ltd.	Gas transmission/marketing	0.47	106.1	0.47%	-0.04%	0.71% (May 2025)	0.26% (Feb 2025)	6.02 L	-0.66 L	Large Cap	48.25
UPL Ltd.	Pesticides & agrochemicals	0.83	105.1	0.46%	-0.07%	1.82% (Feb 2025)	0% (Oct 2024)	1.60 L	-6.29 k	Large Cap	48.25
Cholamandalam Financial Holdings Ltd.	Investment company	0.46	104.6	0.46%	0.02%	0.8% (Mar 2025)	0.44% (Aug 2025)	55.51 k	-2.10 k	Small Cap	5.62
Medplus Health Services Ltd.	Pharmacy retail	0.46	104.4	0.46%	-0.08%	0.62% (May 2025)	0.35% (Oct 2024)	1.38 L	-7.04 k	Other	20.7
Prudent Corporate Advisory Services Ltd.	Financial products distributor	0.45	103	0.45%	-0.07%	0.62% (Oct 2024)	0.35% (Feb 2025)	39.93 k	-2.04 k	Other	20.7
# Thirumalai Chemicals Ltd.	Chemicals - organic	0.45	101.4	0.45%	0.45%	0.45% (Sep 2025)	0% (Oct 2024)	3.61 L	3.61 L	Small Cap	5.62
Granules India Ltd.	Pharmaceuticals	5	100.9	0.45%	-0.17%	0.75% (Dec 2024)	0% (Oct 2024)	1.95 L	-0.92 L	Small Cap	5.62
Nestle India Ltd.	Packaged foods	0.43	98.1	0.43%	0.11%	0.43% (Sep 2025)	0% (Oct 2024)	85.04 k	22.99 k	Other	20.7
- SRF Ltd.	Specialty chemicals	0.47	96.6	0.43%	0.00%	0.93% (May 2025)	0.27% (Oct 2024)	34.20 k	0.00	Mid Cap	6.33
J S W Energy Ltd.	Power generation	0.95	95.9	0.42%	0.01%	0.48% (Apr 2025)	0% (Oct 2024)	1.81 L	-9.23 k	Mid Cap	6.33
Punjab National Bank	Public sector bank	3.37	95.1	0.42%	0.13%	0.42% (Sep 2025)	0% (Oct 2024)	8.43 L	1.95 L	Large Cap	48.25
SBI Life Insurance Co Ltd.	Life insurance	1.96	94.6	0.42%	0.04%	0.69% (Apr 2025)	0% (Oct 2024)	52.81 k	5.19 k	Large Cap	48.25
Devyani International Ltd.	Restaurants	0.41	91.9	0.41%	-0.07%	0.48% (Aug 2025)	0.35% (Mar 2025)	5.47 L	-0.78 L	Other	20.7
City Union Bank Ltd.	Private sector bank	12.59	91.1	0.40%	-0.01%	0.57% (Jun 2025)	0% (Oct 2024)	4.26 L	-0.46 L	Mid Cap	6.33
Bajaj Auto Ltd.	2/3 wheelers	0.62	87.2	0.39%	-0.14%	0.61% (Oct 2024)	0.39% (Sep 2025)	10.05 k	-4.01 k	Large Cap	48.25
Pi Industries Ltd.	Pesticides & agrochemicals	0.83	84.9	0.37%	-0.02%	0.47% (Oct 2024)	0.34% (Feb 2025)	24.15 k	0.00	Mid Cap	6.33
Divis Laboratories Ltd.	Pharmaceuticals	5	84.8	0.37%	-0.03%	0.44% (Jun 2025)	0.04% (Oct 2024)	14.90 k	0.00	Large Cap	48.25
Suven Pharmaceuticals Ltd.	Pharmaceuticals	5	82.3	0.36%	0.34%	0.36% (Sep 2025)	0% (Oct 2024)	93.58 k	87.86 k	Other	20.7
Motherson Sumi Systems Ltd.	Auto components & equipments	0.55	79.9	0.35%	0.25%	0.4% (Apr 2025)	0% (Oct 2024)	7.56 L	5.06 L	Large Cap	48.25
Rural Electrification Corporation Limited	Financial institution	0.35	79.8	0.35%	-0.04%	0.58% (Nov 2024)	0.34% (Jul 2025)	2.14 L	-0.36 L	Mid Cap	6.33
ISGEC Heavy Engineering Ltd.	Civil construction	1.6	78.6	0.35%	-0.06%	0.84% (Dec 2024)	0.35% (Sep 2025)	89.53 k	-6.39 k	Other	20.7
Vedant Fashions Ltd.	Speciality retail	0.51	76.8	0.34%	-0.04%	0.56% (Nov 2024)	0.26% (Jun 2025)	1.11 L	-4.37 k	Other	20.7
Wipro Ltd.	Computers - software & consulting	5.84	76.2	0.34%	-0.03%	0.8% (Jan 2025)	0% (Oct 2024)	3.18 L	-0.16 L	Large Cap	48.25
Bharat Electronics Ltd.	Aerospace & defense	1.37	74.9	0.33%	0.01%	0.63% (Nov 2024)	0.31% (Feb 2025)	1.85 L	-9.46 k	Mid Cap	6.33
- Suraksha Diagnostic Ltd.	Healthcare service provider	0.33	73.7	0.33%	0.00%	0.48% (Nov 2024)	0% (Oct 2024)	2.47 L	-2.49 k	Other	20.7
# Multi Commodity Exchange Of India Ltd.	Exchange and data platform	0.32	73.1	0.32%	0.32%	0.32% (Sep 2025)	0% (Oct 2024)	9.38 k	9.38 k	Small Cap	5.62
Rainbow Childrens Medicare Ltd.	Hospital	1.22	72.6	0.32%	-0.13%	0.92% (Oct 2024)	0.32% (Sep 2025)	53.54 k	-0.15 L	Other	20.7
KEC International Ltd.	Heavy electrical equipment	1.64	72.5	0.32%	-0.10%	0.47% (May 2025)	0% (Oct 2024)	83.02 k	-0.35 L	Small Cap	5.62
# Suzlon Energy Ltd.	Heavy electrical equipment	1.64	70.5	0.31%	0.31%	0.31% (Sep 2025)	0% (Oct 2024)	12.80 L	12.80 L	Small Cap	5.62
Angel One Ltd.	Stockbroking & allied	0.75	61	0.27%	-0.02%	0.34% (Jul 2025)	0% (Oct 2024)	28.60 k	-1.40 k	Other	20.7
Sobha Ltd.	Residential, commercial projects	1.92	60	0.27%	0.01%	0.64% (Nov 2024)	0.26% (Aug 2025)	38.93 k	-1.99 k	Small Cap	5.62
# Phoenix Mills Ltd.	Residential, commercial projects	1.92	57.5	0.25%	0.25%	0.25% (Sep 2025)	0% (Oct 2024)	36.99 k	36.99 k	Small Cap	5.62
# Bajaj Finserv Ltd	Holding company	0.25	57.2	0.25%	0.25%	0.25% (Sep 2025)	0% (Oct 2024)	28.50 k	28.50 k	Other	20.7
Eicher Motors Ltd.	2/3 wheelers	0.62	51.5	0.23%	0.03%	0.23% (Sep 2025)	0% (Oct 2024)	7.35 k	0.00	Other	20.7
Crizac Ltd.	Internet & catalogue retail	0.4	48.1	0.21%	-0.04%	0.47% (Jul 2025)	0% (Oct 2024)	1.63 L	0.00	Other	20.7
Birlasoft Ltd.	Computers - software & consulting	5.84	47.1	0.21%	0.01%	0.23% (Jun 2025)	0% (Oct 2024)	1.34 L	10.95 k	Small Cap	5.62
# Prestige Estates Projects Ltd.	Residential, commercial projects	1.92	46.9	0.21%	0.21%	0.21% (Sep 2025)	0% (Oct 2024)	31.05 k	31.05 k	Mid Cap	6.33
Marico Ltd.	Personal care	0.38	46.9	0.21%	-0.01%	0.22% (Aug 2025)	0% (Oct 2024)	67.20 k	0.00	Large Cap	48.25
- UNO Minda Ltd.	Auto components & equipments	0.55	44.2	0.20%	0.00%	0.4% (Dec 2024)	0.14% (Mar 2025)	34.03 k	-1.74 k	Small Cap	5.62
Arvind Ltd.	Garments & apparels	0.2	44.5	0.20%	-0.02%	0.27% (May 2025)	0% (Oct 2024)	1.46 L	-0.30 L	Small Cap	5.62
Info Edge (India) Ltd.	Internet & catalogue retail	0.4	43.6	0.19%	-0.02%	1.45% (Dec 2024)	0% (Oct 2024)	33.30 k	-1.70 k	Other	20.7
DLF Ltd.	Residential, commercial projects	1.92	41.2	0.18%	-0.01%	0.21% (Dec 2024)	0.17% (Apr 2025)	57.75 k	0.00	Large Cap	48.25
# Power Grid Corporation of India Ltd.	Power - transmission	0.28	39.9	0.18%	0.18%	0.43% (Nov 2024)	0% (Oct 2024)	1.43 L	1.43 L	Large Cap	48.25
Trent Limited	Speciality retail	0.51	38.7	0.17%	-0.03%	0.74% (Dec 2024)	0.17% (Sep 2025)	8.27 k	-0.40 k	Mid Cap	6.33
# Dabur India Ltd.	Personal care	0.38	39.3	0.17%	0.17%	0.17% (Sep 2025)	0% (Oct 2024)	80.00 k	80.00 k	Large Cap	48.25
Hindustan Petroleum Corporation Ltd.	Refineries & marketing	3.19	36.8	0.16%	0.02%	0.16% (Sep 2025)	0% (Oct 2024)	83.03 k	0.00	Large Cap	48.25
# NMDC LTD	Industrial minerals	0.13	28.9	0.13%	0.13%	0.52% (Mar 2025)	0% (Oct 2024)	3.78 L	3.78 L	Mid Cap	6.33
Muthoot Finance Pvt. Ltd.	Non banking financial company (nbfc)	5.04	25.4	0.11%	0.01%	0.14% (May 2025)	0% (Oct 2024)	8.25 k	0.00	Mid Cap	6.33
Adani Energy Solutions Ltd.	Power - transmission	0.28	22.4	0.10%	0.01%	0.1% (May 2025)	0% (Oct 2024)	25.65 k	0.00	Mid Cap	6.33
Zee Entertainment Enterprises Ltd.	Tv broadcasting & software production	0.09	21.3	0.09%	-0.01%	0.12% (Jun 2025)	0.08% (Feb 2025)	1.89 L	-5.32 k	Large Cap	48.25
- Carborundum Universal Ltd.	Abrasives & bearings	0.09	21	0.09%	0.00%	0.09% (May 2025)	0% (Oct 2024)	22.68 k	-0.48 k	Small Cap	5.62
# Canara Bank	Public sector bank	3.37	19.2	0.08%	0.08%	0.08% (Sep 2025)	0% (Oct 2024)	1.55 L	1.55 L	Other	20.7
- Bandhan Bank Ltd.	Private sector bank	12.59	17.5	0.08%	0.00%	0.09% (Jun 2025)	0% (Oct 2024)	1.08 L	0.00	Large Cap	48.25
- Bank Of Baroda	Public sector bank	3.37	16.6	0.07%	0.00%	0.07% (Aug 2025)	0% (Oct 2024)	64.35 k	0.00	Large Cap	48.25
- Au Small Finance Bank Ltd.	Other bank	0.07	16.1	0.07%	0.00%	0.08% (Jun 2025)	0% (Oct 2024)	22.00 k	0.00	Mid Cap	6.33
# Manappuram Finance Ltd.	Non banking financial company (nbfc)	5.04	16	0.07%	0.07%	0.07% (Sep 2025)	0% (Oct 2024)	57.00 k	57.00 k	Mid Cap	6.33
- Asian Paints (india) Ltd.	Paints	0.07	15.9	0.07%	0.00%	0.07% (Aug 2025)	0% (Oct 2024)	6.75 k	0.00	Large Cap	48.25
Indian Oil Corporation Ltd.	Refineries & marketing	3.19	15.3	0.07%	0.01%	0.07% (Sep 2025)	0% (Oct 2024)	1.02 L	0.00	Large Cap	48.25
Jindal Steel Ltd.	Iron & steel products	1.08	15.3	0.07%	0.01%	0.07% (Sep 2025)	0% (Oct 2024)	14.38 k	0.00	Mid Cap	6.33
Praj Industries Ltd.	Industrial products	0.06	13.9	0.06%	-0.02%	0.43% (Nov 2024)	0.06% (Sep 2025)	42.21 k	-2.07 k	Small Cap	5.62
- Indian Railway Catering and Tourism Corporation Ltd.	Tour, travel related services	0.04	9.8	0.04%	0.00%	0.05% (May 2025)	0% (Oct 2024)	14.00 k	0.00	Other	20.7
# Aditya Birla Capital Ltd.	Life insurance	1.96	9.1	0.04%	0.04%	0.04% (Sep 2025)	0% (Oct 2024)	31.00 k	31.00 k	Mid Cap	6.33
Bank Of India	Public sector bank	3.37	8.3	0.04%	0.01%	0.05% (May 2025)	0% (Oct 2024)	67.60 k	0.00	Mid Cap	6.33
- Pidilite Industries Ltd.	Specialty chemicals	0.47	8.1	0.04%	0.00%	0.04% (Sep 2025)	0% (Oct 2024)	5.50 k	2.75 k	Large Cap	48.25
# Garware Technical Fibres Ltd.	Other textile products	0.02	4.5	0.02%	0.02%	0.02% (Sep 2025)	0% (Oct 2024)	6.02 k	6.02 k	Small Cap	5.62
- Tata Consumer Products Ltd.	Tea & coffee	0.02	3.7	0.02%	0.00%	0.02% (Aug 2025)	0% (Oct 2024)	3.30 k	0.00	Mid Cap	6.33
- Ambuja Cements Ltd.	Cement & cement products	0.82	3	0.01%	0.00%	0.64% (Oct 2024)	0.01% (Jul 2025)	5.25 k	0.00	Large Cap	48.25
- Bosch Ltd.	Auto components & equipments	0.55	1	0.00%	0.00%	0% (Aug 2025)	0% (Oct 2024)	25.00	0.00	Large Cap	48.25
- Torrent Power Ltd.	Integrated power utilities	0	0.9	0.00%	0.00%	0% (Aug 2025)	0% (Oct 2024)	750.00	0.00	Mid Cap	6.33
- Polycab India Limited	Cables - electricals	0	0.9	0.00%	0.00%	0% (Jul 2025)	0% (Oct 2024)	125.00	0.00	Other	20.7
- Torrent Pharmaceuticals Ltd.	Pharmaceuticals	5	0.9	0.00%	0.00%	0% (Aug 2025)	0% (Oct 2024)	250.00	0.00	Mid Cap	6.33
- HDFC Asset Management Co. Ltd.	Asset management company	0	0.8	0.00%	0.00%	0% (May 2025)	0% (Oct 2024)	150.00	0.00	Large Cap	48.25
- Dalmia Bharat Ltd.	Cement & cement products	0.82	0.7	0.00%	0.00%	0% (Aug 2025)	0% (Oct 2024)	325.00	0.00	Mid Cap	6.33
- Patanjali Foods Ltd.	Edible oil	0	0.5	0.00%	0.00%	0% (Aug 2025)	0% (Oct 2024)	900.00	600.00	Other	20.7
Indiqube Spaces Ltd.	Diversified commercial services		18.6	0.00%	-0.08%	-	-	-	-	Other	20.7
Godrej Consumer Products Ltd	Personal care	0.38	320	0.00%	-1.41%	-	-	-	-	Large Cap	48.25
Ecos India Mobility and Hospitality Ltd.	Road assets–toll, annuity, hybrid-annuity		7.5	0.00%	-0.03%	-	-	-	-	Other	20.7
Indo Count Industries Ltd.	Other textile products	0.02	2.7	0.00%	-0.01%	-	-	-	-	Small Cap	5.62

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

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

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Aditya Birla Capital Ltd.	Life insurance	9.1	0.04%	0.04%	0.04% (Sep 2025)	0% (Oct 2024)	31.00 k	31000
# Bond - Power Finance Corporation Ltd.	Financial institution	483.6	2.14%	2.14%	0% (Nov 2025)	0% (Nov 2025)	50.00 L	5000000
# Prestige Estates Projects Ltd.	Residential, commercial projects	46.9	0.21%	0.21%	0.21% (Sep 2025)	0% (Oct 2024)	31.05 k	31050
# NMDC LTD	Industrial minerals	28.9	0.13%	0.13%	0.52% (Mar 2025)	0% (Oct 2024)	3.78 L	378000
# Dabur India Ltd.	Personal care	39.3	0.17%	0.17%	0.17% (Sep 2025)	0% (Oct 2024)	80.00 k	80000
# Power Grid Corporation of India Ltd.	Power - transmission	39.9	0.18%	0.18%	0.43% (Nov 2024)	0% (Oct 2024)	1.43 L	142500
# Thirumalai Chemicals Ltd.	Chemicals - organic	101.4	0.45%	0.45%	0.45% (Sep 2025)	0% (Oct 2024)	3.61 L	361010
# Bond - T-Bill	Other	249.2	1.10%	1.10%	0% (Nov 2025)	0% (Nov 2025)	25.00 L	2500000
# Bajaj Finserv Ltd	Holding company	57.2	0.25%	0.25%	0.25% (Sep 2025)	0% (Oct 2024)	28.50 k	28500
# Canara Bank	Public sector bank	19.2	0.08%	0.08%	0.08% (Sep 2025)	0% (Oct 2024)	1.55 L	155250
# Manappuram Finance Ltd.	Non banking financial company (nbfc)	16	0.07%	0.07%	0.07% (Sep 2025)	0% (Oct 2024)	57.00 k	57000
# Suzlon Energy Ltd.	Heavy electrical equipment	70.5	0.31%	0.31%	0.31% (Sep 2025)	0% (Oct 2024)	12.80 L	1280000
# Anand Rathi Share & Stock Brokers Ltd.	Stockbroking & allied	107.6	0.48%	0.48%	0.48% (Sep 2025)	0% (Oct 2024)	2.42 L	241560
# Multi Commodity Exchange Of India Ltd.	Exchange and data platform	73.1	0.32%	0.32%	0.32% (Sep 2025)	0% (Oct 2024)	9.38 k	9375
# Phoenix Mills Ltd.	Residential, commercial projects	57.5	0.25%	0.25%	0.25% (Sep 2025)	0% (Oct 2024)	36.99 k	36992
# Urban Company Ltd.	E-retail/ e-commerce	113.7	0.50%	0.50%	0.5% (Sep 2025)	0% (Oct 2024)	6.79 L	679470
# Bond - Indian Bank	Public sector bank	146.9	0.65%	0.65%	0% (Nov 2025)	0% (Nov 2025)	15.00 L	1500000
# Garware Technical Fibres Ltd.	Other textile products	4.5	0.02%	0.02%	0.02% (Sep 2025)	0% (Oct 2024)	6.02 k	6015

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

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	1M Change in Qty
Indiqube Spaces Ltd.	Diversified commercial services	18.6	0.00%	-0.08%	0.08% (Aug 2025)	0% (Oct 2024)	-85120
Godrej Consumer Products Ltd	Personal care	320	0.00%	-1.41%	1.41% (Aug 2025)	0% (Oct 2024)	-257500
Ecos India Mobility and Hospitality Ltd.	Road assets–toll, annuity, hybrid-annuity	7.5	0.00%	-0.03%	0.07% (Jun 2025)	0% (Oct 2024)	-27795
Indo Count Industries Ltd.	Other textile products	2.7	0.00%	-0.01%	0.02% (May 2025)	0% (Oct 2024)	-11834

Trend in stock holdings (Top 15 Holding)

Stock	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024	Oct 2024	Sep 2024
Infosys Ltd.	1.73%	5.37%	5.46%	5.70%	5.79%	4.78%	4.98%	5.54%	6.03%	5.58%	5.49%	4.99%	5.20%
Bajaj Finance Ltd.	4.86%	4.40%	4.37%	4.63%	4.61%	3.99%	6.17%	6.09%	5.49%	4.59%	4.40%	4.64%	4.95%
ICICI Bank Ltd.	3.61%	3.91%	4.11%	3.99%	4.19%	3.91%	3.76%	3.48%	3.53%	3.48%	3.52%	3.27%	2.67%
Bharti Airtel Ltd.	4.71%	4.39%	3.57%	3.73%	3.67%	3.54%	4.28%	4.01%	3.10%	2.92%	2.98%	2.72%	2.81%
State Bank Of India	2.76%	2.65%	2.53%	2.60%	2.61%	1.71%	4.16%	3.85%	4.00%	3.97%	4.17%	3.61%	2.57%
Reliance Industries Ltd.	2.96%	3.04%	3.08%	3.31%	3.19%	3.14%	3.14%	3.06%	3.15%	2.92%	3.09%	3.20%	3.46%
HDFC Bank Ltd.	3.08%	3.22%	3.38%	3.34%	3.30%	3.08%	2.83%	2.77%	2.41%	1.41%	1.42%	4.81%	4.68%
Cholamandalam Investment & Finance Co. Ltd.	-	-	-	-	-	-	3.23%	3.08%	2.76%	2.46%	2.55%	2.64%	3.26%
Tata Consultancy Services Ltd.	2.22%	2.43%	2.36%	2.79%	2.83%	2.76%	2.58%	2.33%	2.68%	2.58%	2.68%	2.36%	1.96%
Mahindra & Mahindra Ltd.	3.18%	2.96%	2.66%	2.63%	2.50%	2.28%	2.11%	2.12%	2.39%	2.32%	2.28%	2.11%	2.34%
Varun Beverages Ltd.	1.55%	1.79%	2.05%	1.79%	1.89%	2.28%	2.40%	2.00%	2.41%	2.76%	2.68%	0.93%	0.65%
Kotak Mahindra Bank Ltd.	2.74%	2.30%	1.91%	1.67%	1.63%	1.74%	1.74%	1.58%	1.54%	1.40%	1.38%	1.36%	1.42%
United Spirits Ltd.	1.71%	1.45%	1.35%	1.43%	1.55%	1.60%	1.46%	1.39%	1.50%	1.65%	1.55%	1.48%	1.58%
Axis Bank Ltd.	1.52%	1.47%	1.49%	1.67%	1.88%	2.02%	2.01%	1.91%	1.47%	1.05%	1.11%	0.99%	1.03%
One 97 Communications Ltd.	1.79%	2.02%	1.78%	1.59%	1.55%	1.46%	1.34%	1.27%	1.34%	1.70%	1.50%	1.02%	0.89%

No of Debt Holding 15 (Category Avg - 30.31) | Modified Duration 5.04 Years (Category Avg - 3.15)| Yield to Maturity 6.73% (Category Avg - 6.66%)

Portfolio Summary (as on 30th Sep,2025)

Security Type	% Weight	Category Average
GOI	10.10%	8.64%
CD	1.71%	0.41%
T-Bills	1.10%	1.13%
CP	2.14%	0.29%
NCD & Bonds	3.01%	11.16%
PTC	0.00%	0.32%

Category - Dynamic Asset Allocation or Balanced Advantage

Security Type	% Weight	Category Average
Government Backed	11.20%	9.77%
Low Risk	6.86%	11.24%
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 30th Sep,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Govt of India	GOI	Other			1061.55	4.69%	1.05 Cr
Bond - Govt of India	GOI	Other			919.33	4.06%	89.00 L
Bond - Power Finance Corporation Ltd.	CP	Financial institution	P1+	CRISIL	483.56	2.14%	50.00 L
Bond - Tata Motors Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	324.39	1.43%	25.00 L
Bond - Govt of India	GOI	Other			257.18	1.14%	25.00 L
Bond - T-Bill	T-Bills	Other			249.19	1.10%	25.00 L
Bond - Small Industries Development Bank Of India	CD	Financial institution	P1+	CRISIL	240.99	1.06%	25.00 L
Bond - Indian Bank	CD	Public sector bank	P1+	CRISIL	146.92	0.65%	15.00 L
Bond - Aditya Birla Real Estate Ltd.	NCD & Bonds	Paper & paper products	AA	CRISIL	101.33	0.45%	10.00 L
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	101.40	0.45%	10.00 L
Bond - Godrej Industries Ltd	NCD & Bonds	Animal feed	AA+	CRISIL	50.94	0.23%	5.00 L
Bond - Godrej Properties Ltd.	NCD & Bonds	Residential, commercial projects	LAA+	ICRA	50.88	0.22%	5.00 L
Bond - Muthoot Finance Pvt. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA+	CRISIL	50.68	0.22%	5.00 L
Bond - Govt of India	GOI	Other			48.65	0.21%	4.75 L
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	3.10	0.01%	30.00 k