Bandhan 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.

Portfolio Turnover Ratio : 255.00%. Category average turnover ratio is 291.65%. 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 : 65.09% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 65.09%

No of Stocks : 111 (Category Avg - 68.00) | Large Cap Investments : 30.19%| Mid Cap Investments : 10.08% | Small Cap Investments : 8.43% | Other : 16.39%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	111	64.97
Top 5 Stock Weight	13.93%	16.84%
Top 10 Stock Weight	21.46%	25.55%
Top 3 Sector Weight	19.22%	19.32%

Category - Multi Asset Allocation

Particulars	This Scheme	Category
Average mcap (Cr)	85052.61	74492.49
Holdings in large cap stocks	30.19%	30.65%
Holdings in mid cap stocks	10.08%	6.18%
Holdings in small cap stocks	8.43%	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
Reliance Industries Ltd.	Refineries & marketing	1030.8	4.30%	0.10%	6% (Jan 2025)	4.2% (Sep 2025)	6.94 L	0.00
HDFC Bank Ltd.	Private sector bank	918.2	3.83%	0.04%	4.62% (Apr 2025)	3.79% (Sep 2025)	9.30 L	30.99 k
ICICI Bank Ltd.	Private sector bank	538.1	2.25%	-0.32%	2.57% (Sep 2025)	2.09% (Nov 2024)	4.00 L	-0.30 L
Axis Bank Ltd.	Private sector bank	447.7	1.87%	0.05%	2.66% (Apr 2025)	1.46% (Nov 2024)	3.63 L	0.00
Tata Consultancy Services Ltd.	Computers - software & consulting	402.4	1.68%	-0.01%	2.42% (Mar 2025)	1.68% (Oct 2025)	1.32 L	0.00
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	394.9	1.65%	0.05%	1.82% (Apr 2025)	1.12% (Dec 2024)	1.92 L	0.00
NMDC LTD	Industrial minerals	384.6	1.60%	-0.12%	1.95% (May 2025)	0.5% (Feb 2025)	50.75 L	0.00
Info Edge (India) Ltd.	Internet & catalogue retail	380.8	1.59%	-0.06%	1.65% (Sep 2025)	0% (Nov 2024)	2.76 L	-8.25 k
State Bank Of India	Public sector bank	328	1.37%	-0.06%	2.66% (Mar 2025)	0.63% (Apr 2025)	3.50 L	-0.19 L
Bajaj Finance Ltd.	Non banking financial company (nbfc)	316.8	1.32%	-0.56%	2.43% (Feb 2025)	1.32% (Oct 2025)	3.04 L	-1.20 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
Reliance Industries Ltd.	Refineries & marketing	4.31	1030.8	4.30%	0.10%	6% (Jan 2025)	4.2% (Sep 2025)	6.94 L	0.00	Large Cap	30.19
HDFC Bank Ltd.	Private sector bank	10.71	918.2	3.83%	0.04%	4.62% (Apr 2025)	3.79% (Sep 2025)	9.30 L	30.99 k	Other	16.39
ICICI Bank Ltd.	Private sector bank	10.71	538.1	2.25%	-0.32%	2.57% (Sep 2025)	2.09% (Nov 2024)	4.00 L	-0.30 L	Large Cap	30.19
Axis Bank Ltd.	Private sector bank	10.71	447.7	1.87%	0.05%	2.66% (Apr 2025)	1.46% (Nov 2024)	3.63 L	0.00	Large Cap	30.19
Tata Consultancy Services Ltd.	Computers - software & consulting	4.2	402.4	1.68%	-0.01%	2.42% (Mar 2025)	1.68% (Oct 2025)	1.32 L	0.00	Large Cap	30.19
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	1.65	394.9	1.65%	0.05%	1.82% (Apr 2025)	1.12% (Dec 2024)	1.92 L	0.00	Large Cap	30.19
NMDC LTD	Industrial minerals	1.6	384.6	1.60%	-0.12%	1.95% (May 2025)	0.5% (Feb 2025)	50.75 L	0.00	Mid Cap	10.08
Info Edge (India) Ltd.	Internet & catalogue retail	2.15	380.8	1.59%	-0.06%	1.65% (Sep 2025)	0% (Nov 2024)	2.76 L	-8.25 k	Other	16.39
State Bank Of India	Public sector bank	2.27	328	1.37%	-0.06%	2.66% (Mar 2025)	0.63% (Apr 2025)	3.50 L	-0.19 L	Large Cap	30.19
Bajaj Finance Ltd.	Non banking financial company (nbfc)	2.3	316.8	1.32%	-0.56%	2.43% (Feb 2025)	1.32% (Oct 2025)	3.04 L	-1.20 L	Other	16.39
Kotak Mahindra Bank Ltd.	Private sector bank	10.71	315.3	1.32%	-0.01%	1.33% (Sep 2025)	0% (Nov 2024)	1.50 L	0.00	Large Cap	30.19
Infosys Ltd.	Computers - software & consulting	4.2	305.6	1.27%	-0.05%	2.65% (Jan 2025)	1.27% (Oct 2025)	2.06 L	0.00	Large Cap	30.19
National Thermal Power Corporation Ltd.	Power generation	1.2	288.6	1.20%	0.06%	1.25% (Jun 2025)	0.33% (Dec 2024)	8.57 L	1.00 L	Large Cap	30.19
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	1.28	208.5	0.87%	-0.01%	0.96% (Dec 2024)	0.85% (Feb 2025)	59.80 k	2.00 k	Large Cap	30.19
Bank Of Baroda	Public sector bank	2.27	204.4	0.85%	0.01%	0.85% (Oct 2025)	0.63% (Aug 2025)	7.34 L	0.00	Large Cap	30.19
Titan Company Ltd.	Gems, jewellery and watches	0.78	187.3	0.78%	0.03%	0.9% (May 2025)	0.33% (Feb 2025)	50.00 k	0.00	Large Cap	30.19
Grasim Industries Limited	Cement & cement products	0.73	175.3	0.73%	0.36%	0.73% (Oct 2025)	0.37% (Sep 2025)	60.64 k	30.00 k	Large Cap	30.19
- Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	4.11	169.1	0.71%	0.00%	0.83% (Jun 2025)	0.4% (Nov 2024)	1.00 L	0.00	Large Cap	30.19
V-Mart Retail Ltd.	Diversified retail	0.83	165.9	0.69%	0.10%	0.8% (Jun 2025)	0.59% (Sep 2025)	2.00 L	12.14 k	Small Cap	8.43
Varun Beverages Ltd.	Other beverages	0.69	164.4	0.69%	0.10%	0.75% (Jul 2025)	0% (Nov 2024)	3.50 L	50.00 k	Other	16.39
Trent Limited	Speciality retail	1.12	164.3	0.69%	-0.04%	0.73% (Sep 2025)	0% (Nov 2024)	35.00 k	0.00	Mid Cap	10.08
Cholamandalam Financial Holdings Ltd.	Investment company	0.65	156.5	0.65%	-0.01%	0.66% (Sep 2025)	0% (Nov 2024)	81.82 k	2.76 k	Small Cap	8.43
L&T Technology Services Ltd.	It enabled services	0.64	154.5	0.64%	-0.04%	0.78% (Jul 2025)	0% (Nov 2024)	37.50 k	0.00	Mid Cap	10.08
Tata Power Co. Ltd.	Integrated power utilities	0.64	152.7	0.64%	0.12%	0.69% (Nov 2024)	0.52% (Sep 2025)	3.77 L	73.95 k	Mid Cap	10.08
Berger Paints India Ltd.	Paints	0.62	149.1	0.62%	0.05%	0.68% (Jul 2025)	0% (Nov 2024)	2.75 L	25.00 k	Large Cap	30.19
Dabur India Ltd.	Personal care	1.68	146.3	0.61%	0.13%	0.61% (Oct 2025)	0.38% (May 2025)	3.00 L	80.00 k	Large Cap	30.19
United Spirits Ltd.	Breweries & distilleries	1.05	143.1	0.60%	0.01%	0.62% (Aug 2025)	0% (Nov 2024)	1.00 L	0.00	Large Cap	30.19
# Glenmark Pharmaceuticals Ltd.	Pharmaceuticals	4.11	141.8	0.59%	0.59%	0.59% (Oct 2025)	0% (Nov 2024)	75.00 k	75.00 k	Mid Cap	10.08
Max Financial Services Ltd.	Life insurance	1.66	139.2	0.58%	-0.05%	0.73% (Jun 2025)	0.25% (Nov 2024)	90.00 k	0.00	Mid Cap	10.08
- PNB Housing Finance Ltd.	Housing finance company	0.93	137	0.57%	0.00%	0.57% (Sep 2025)	0% (Nov 2024)	1.48 L	0.00	Mid Cap	10.08
CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	0.57	136.8	0.57%	-0.13%	0.7% (Sep 2025)	0.51% (Dec 2024)	1.86 L	-0.27 L	Small Cap	8.43
Indiamart Intermesh Ltd.	Internet & catalogue retail	2.15	135.2	0.56%	0.04%	0.7% (Jun 2025)	0.12% (Jul 2025)	55.00 k	5.00 k	Other	16.39
# Colgate - Palmolive (India) Limited	Personal care	1.68	134.6	0.56%	0.56%	0.56% (Oct 2025)	0% (Nov 2024)	60.00 k	60.00 k	Large Cap	30.19
ICICI Prudential Life Insurance Co Ltd.	Life insurance	1.66	133	0.55%	-0.04%	0.73% (Jun 2025)	0% (Nov 2024)	2.25 L	0.00	Large Cap	30.19
Tata Steel Ltd.	Iron & steel products	1.8	131.7	0.55%	0.01%	0.61% (Mar 2025)	0.07% (Nov 2024)	7.21 L	0.00	Other	16.39
Jindal Steel Ltd.	Iron & steel products	1.8	128	0.53%	0.06%	1.08% (May 2025)	0.45% (Nov 2024)	1.20 L	20.00 k	Mid Cap	10.08
Star Health and Allied Insurance Co Ltd.	General insurance	0.52	123.6	0.52%	0.02%	0.54% (Jul 2025)	0% (Nov 2024)	2.50 L	0.00	Other	16.39
Vedanta Ltd.	Diversified metals	0.51	123.4	0.51%	-0.01%	0.52% (Sep 2025)	0.24% (Jan 2025)	2.50 L	0.00	Large Cap	30.19
Ajanta Pharma Limited	Pharmaceuticals	4.11	123.3	0.51%	-0.02%	0.53% (Jul 2025)	0% (Nov 2024)	50.00 k	0.00	Small Cap	8.43
Emami Ltd.	Personal care	1.68	122.9	0.51%	0.03%	0.55% (Jul 2025)	0% (Nov 2024)	2.30 L	30.00 k	Mid Cap	10.08
Mas Financial Services Ltd.	Non banking financial company (nbfc)	2.3	122.2	0.51%	0.11%	0.51% (Oct 2025)	0.34% (Nov 2024)	4.00 L	1.00 L	Small Cap	8.43
Larsen & Toubro Ltd.	Civil construction	0.51	121.2	0.51%	0.02%	0.62% (Nov 2024)	0.49% (Sep 2025)	30.06 k	0.00	Large Cap	30.19
Tube Investments Of India Ltd.	Auto components & equipments	0.82	120.9	0.50%	-0.05%	0.64% (May 2025)	0% (Nov 2024)	40.00 k	0.00	Small Cap	8.43
Federal Bank Ltd.	Private sector bank	10.71	118.3	0.49%	-0.11%	0.69% (Jun 2025)	0% (Nov 2024)	5.00 L	-2.00 L	Mid Cap	10.08
Sterlite Technologies Ltd.	Other telecom services	0.49	118	0.49%	0.01%	0.55% (Jul 2025)	0.32% (Apr 2025)	10.05 L	50.00 k	Small Cap	8.43
PB Fintech Ltd.	Financial technology (fintech)	0.48	116.1	0.48%	0.10%	0.48% (Oct 2025)	0% (Nov 2024)	65.00 k	15.00 k	Other	16.39
Avanti Feeds Ltd.	Animal feed	0.48	115.1	0.48%	0.14%	0.55% (Feb 2025)	0% (Nov 2024)	1.65 L	45.00 k	Small Cap	8.43
- Aurobindo Pharma Ltd.	Pharmaceuticals	4.11	113.9	0.48%	0.00%	0.55% (Jul 2025)	0% (Nov 2024)	1.00 L	0.00	Large Cap	30.19
Lupin Ltd.	Pharmaceuticals	4.11	112.7	0.47%	0.16%	0.71% (Jan 2025)	0.22% (Nov 2024)	57.38 k	20.40 k	Large Cap	30.19
InterGlobe Aviation Ltd.	Airline	0.47	112.5	0.47%	-0.17%	0.64% (Sep 2025)	0% (Nov 2024)	20.00 k	-5.86 k	Large Cap	30.19
# LG Electronics India Pvt. Ltd.	Consumer electronics	0.86	112.4	0.47%	0.47%	0.47% (Oct 2025)	0% (Nov 2024)	67.54 k	67.54 k	Other	16.39
Kewal Kiran Clothing Ltd.	Garments & apparels	0.47	112.2	0.47%	-0.03%	0.58% (Jul 2025)	0.26% (May 2025)	2.16 L	0.00	Small Cap	8.43
Biocon Ltd.	Pharmaceuticals	4.11	111.6	0.47%	0.02%	1.2% (Jun 2025)	0% (Nov 2024)	3.00 L	0.00	Mid Cap	10.08
Bajaj Auto Ltd.	2/3 wheelers	0.46	111.2	0.46%	-0.02%	0.58% (Jul 2025)	0% (Nov 2024)	12.50 k	0.00	Large Cap	30.19
Power Grid Corporation of India Ltd.	Power - transmission	0.46	110	0.46%	0.45%	0.46% (Oct 2025)	0% (Nov 2024)	3.82 L	3.76 L	Large Cap	30.19
Great Eastern Shipping Co. Ltd.	Shipping	0.46	110	0.46%	0.02%	0.46% (Oct 2025)	0% (Nov 2024)	1.00 L	0.00	Small Cap	8.43
Bayer Cropscience Ltd.	Pesticides & agrochemicals	0.46	109.9	0.46%	-0.02%	0.56% (Jun 2025)	0.44% (Nov 2024)	22.50 k	0.00	Mid Cap	10.08
United Breweries Ltd.	Breweries & distilleries	1.05	107.8	0.45%	-0.07%	0.61% (Jul 2025)	0% (Nov 2024)	60.00 k	-5.00 k	Large Cap	30.19
Oil India Ltd.	Oil exploration & production	0.43	104	0.43%	-0.01%	0.51% (Jul 2025)	0% (Nov 2024)	2.40 L	0.00	Mid Cap	10.08
Eternal Ltd.	E-retail/ e-commerce	0.43	103.3	0.43%	-0.04%	0.89% (Nov 2024)	0.43% (Oct 2025)	3.25 L	0.00	Other	16.39
Hexaware Technologies Ltd.	Computers - software & consulting	4.2	103.1	0.43%	-0.02%	0.45% (Sep 2025)	0% (Nov 2024)	1.50 L	0.00	Other	16.39
HDB Financial Services Ltd.	Non banking financial company (nbfc)	2.3	98.8	0.41%	-0.04%	0.5% (Jun 2025)	0% (Nov 2024)	1.35 L	0.00	Other	16.39
Syrma SGS Technology Ltd.	Industrial products	0.41	97.7	0.41%	0.05%	0.41% (Oct 2025)	0% (Nov 2024)	1.20 L	14.59 k	Other	16.39
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	1.28	97.1	0.41%	-0.48%	1.01% (Apr 2025)	0.41% (Oct 2025)	6.00 k	-6.50 k	Large Cap	30.19
Mahindra Lifespace Developers Ltd.	Residential, commercial projects	0.77	96.5	0.40%	0.01%	0.41% (Aug 2025)	0.03% (May 2025)	2.50 L	0.00	Small Cap	8.43
Adani Wilmar Ltd.	Edible oil	0.4	96.2	0.40%	-0.01%	0.44% (Jul 2025)	0% (Nov 2024)	3.50 L	0.00	Other	16.39
HDFC Life Insurance Company Ltd.	Life insurance	1.66	95.1	0.40%	0.02%	0.75% (Apr 2025)	0.38% (Sep 2025)	1.30 L	17.50 k	Large Cap	30.19
Symphony Ltd.	Consumer electronics	0.86	93.5	0.39%	-0.01%	0.54% (Jul 2025)	0% (Nov 2024)	1.00 L	0.00	Small Cap	8.43
Teamlease Services Ltd.	Diversified commercial services	0.64	92.4	0.39%	-0.04%	0.46% (Aug 2025)	0.08% (Nov 2024)	55.00 k	0.00	Small Cap	8.43
TBO TEK Ltd.	Tour, travel related services	0.58	89	0.37%	-0.04%	0.55% (Jun 2025)	0% (Nov 2024)	60.00 k	0.00	Other	16.39
DCB Bank Ltd.	Private sector bank	10.71	86.9	0.36%	0.08%	0.36% (Oct 2025)	0% (Nov 2024)	5.50 L	50.00 k	Small Cap	8.43
Aptus Value Housing Finance India Ltd.	Housing finance company	0.93	85.8	0.36%	-0.02%	0.38% (Sep 2025)	0% (Nov 2024)	2.70 L	0.00	Other	16.39
- Greenpanel Industries Ltd.	Plywood boards/ laminates	0.36	85.5	0.36%	0.00%	0.4% (Jul 2025)	0.26% (Feb 2025)	3.00 L	0.00	Other	16.39
LTIMindtree Ltd.	Computers - software & consulting	4.2	85.3	0.36%	-0.10%	0.53% (May 2025)	0% (Nov 2024)	15.00 k	-5.00 k	Mid Cap	10.08
VRL Logistic Ltd.	Logistics solution provider	0.35	84	0.35%	-0.01%	0.59% (May 2025)	0.35% (Oct 2025)	3.00 L	0.00	Small Cap	8.43
- Dr. Reddys Laboratories Ltd.	Pharmaceuticals	4.11	83.8	0.35%	0.00%	0.46% (Dec 2024)	0.35% (Oct 2025)	70.00 k	5.00 k	Other	16.39
# Rainbow Childrens Medicare Ltd.	Hospital	0.34	82.2	0.34%	0.34%	0.34% (Oct 2025)	0% (Nov 2024)	60.00 k	60.00 k	Other	16.39
- APL Apollo Tubes Ltd.	Iron & steel products	1.8	80.6	0.34%	0.00%	0.52% (Dec 2024)	0.34% (Sep 2025)	45.00 k	0.00	Other	16.39
Bandhan Bank Ltd.	Private sector bank	10.71	78.3	0.33%	-0.17%	0.66% (Jun 2025)	0.33% (Oct 2025)	5.00 L	-2.00 L	Large Cap	30.19
Exide Industries Ltd.	Auto components & equipments	0.82	76.4	0.32%	-0.03%	0.37% (Aug 2025)	0% (Nov 2024)	2.00 L	0.00	Mid Cap	10.08
Finolex Industries Ltd.	Plastic products - industrial	0.31	75.2	0.31%	0.13%	0.31% (Oct 2025)	0% (Nov 2024)	4.00 L	2.00 L	Other	16.39
Crompton Greaves Consumer Electricals Ltd.	Household appliances	0.29	70.7	0.29%	-0.03%	0.39% (Aug 2025)	0% (Nov 2024)	2.50 L	0.00	Mid Cap	10.08
Equitas Small Finance Bank Ltd.	Other bank	0.55	69.6	0.29%	-0.01%	0.3% (Sep 2025)	0% (Nov 2024)	12.21 L	21.06 k	Other	16.39
# Godrej Properties Ltd.	Residential, commercial projects	0.77	68.6	0.29%	0.29%	0.45% (Dec 2024)	0% (Nov 2024)	30.00 k	30.00 k	Mid Cap	10.08
Cera Sanitaryware Ltd.	Sanitary ware	0.27	65.3	0.27%	0.01%	0.32% (Jun 2025)	0% (Nov 2024)	10.48 k	1.03 k	Small Cap	8.43
# Ipca Laboratories Ltd.	Pharmaceuticals	4.11	65.1	0.27%	0.27%	0.27% (Oct 2025)	0% (Nov 2024)	51.19 k	51.19 k	Other	16.39
# Fine Organic Industries Ltd.	Specialty chemicals	0.72	63.3	0.26%	0.26%	0.26% (Oct 2025)	0% (Nov 2024)	14.27 k	14.27 k	Small Cap	8.43
- Indusind Bank Ltd.	Private sector bank	10.71	62.9	0.26%	0.00%	1.53% (Feb 2025)	0.26% (Sep 2025)	79.10 k	0.00	Large Cap	30.19
Cipla Ltd.	Pharmaceuticals	4.11	62.5	0.26%	-0.02%	1.01% (Nov 2024)	0.26% (Oct 2025)	41.63 k	0.00	Large Cap	30.19
Ujjivan Small Finance Bank Ltd.	Other bank	0.55	62.2	0.26%	0.01%	0.26% (Oct 2025)	0% (Nov 2024)	12.00 L	0.00	Other	16.39
J S W Steel Ltd.	Iron & steel products	1.8	61.1	0.25%	-0.01%	0.3% (Mar 2025)	0.2% (Nov 2024)	50.63 k	0.00	Large Cap	30.19
Updater Services Ltd.	Diversified commercial services	0.64	59.1	0.25%	-0.03%	0.59% (Nov 2024)	0.25% (Oct 2025)	2.50 L	0.00	Other	16.39
# 3M India Ltd.	Diversified	0.25	59.1	0.25%	0.25%	0.25% (Oct 2025)	0% (Nov 2024)	2.00 k	2.00 k	Mid Cap	10.08
# Vedant Fashions Ltd.	Speciality retail	1.12	58.1	0.24%	0.24%	0.24% (Oct 2025)	0% (Nov 2024)	90.00 k	90.00 k	Other	16.39
# Atul Ltd.	Specialty chemicals	0.72	57.6	0.24%	0.24%	0.24% (Oct 2025)	0% (Nov 2024)	10.00 k	10.00 k	Mid Cap	10.08
# Birlasoft Ltd.	Computers - software & consulting	4.2	55.7	0.23%	0.23%	0.23% (Oct 2025)	0% (Nov 2024)	1.50 L	1.50 L	Small Cap	8.43
- Sonata Software Ltd.	Computers - software & consulting	4.2	55.5	0.23%	0.00%	0.23% (Oct 2025)	0% (Nov 2024)	1.50 L	0.00	Small Cap	8.43
# Deepak Nitrite Ltd.	Specialty chemicals	0.72	53.8	0.22%	0.22%	0.22% (Oct 2025)	0% (Nov 2024)	31.10 k	31.10 k	Small Cap	8.43
Yatra Online Ltd.	Tour, travel related services	0.58	51.2	0.21%	-0.01%	0.44% (Aug 2025)	0.21% (Oct 2025)	3.50 L	0.00	Other	16.39
Hindalco Industries Ltd.	Aluminium	0.21	49.9	0.21%	0.01%	0.48% (Feb 2025)	0.19% (May 2025)	58.80 k	0.00	Large Cap	30.19
Go Fashion (India) Ltd.	Speciality retail	1.12	44.9	0.19%	-0.09%	0.38% (Dec 2024)	0.19% (Oct 2025)	69.74 k	-0.23 L	Other	16.39
Avenue Supermarts Ltd.	Diversified retail	0.83	33.2	0.14%	-0.02%	0.61% (Apr 2025)	0.14% (Oct 2025)	8.00 k	0.00	Large Cap	30.19
Steel Authority Of India Ltd.	Iron & steel products	1.8	32.2	0.13%	-0.01%	0.14% (Sep 2025)	0% (Nov 2024)	2.35 L	0.00	Mid Cap	10.08
SBI Life Insurance Co Ltd.	Life insurance	1.66	30.1	0.13%	0.01%	0.49% (Jan 2025)	0% (Nov 2024)	15.38 k	0.00	Large Cap	30.19
STL Networks Ltd.	Telecom - equipment & accessories	0.1	25	0.10%	-0.03%	0.13% (Sep 2025)	0% (Nov 2024)	9.52 L	-3.95 k	Other	16.39
- DLF Ltd.	Residential, commercial projects	0.77	18.7	0.08%	0.00%	0.08% (Oct 2025)	0% (Nov 2024)	24.75 k	0.00	Large Cap	30.19
# Jio Financial Services Ltd.	Non banking financial company (nbfc)	2.3	15.1	0.06%	0.06%	0.06% (Oct 2025)	0% (Nov 2024)	49.35 k	49.35 k	Other	16.39
- Punjab National Bank	Public sector bank	2.27	11.8	0.05%	0.00%	0.05% (Sep 2025)	0% (Nov 2024)	96.00 k	0.00	Large Cap	30.19
- Hindustan Unilever Ltd.	Diversified fmcg	0.06	9.6	0.04%	0.00%	0.88% (Nov 2024)	0.04% (Oct 2025)	3.90 k	0.00	Large Cap	30.19
# ITC Limited	Diversified fmcg	0.06	4.7	0.02%	0.02%	1.83% (Dec 2024)	0% (Nov 2024)	11.20 k	11.20 k	Large Cap	30.19
- Indian Oil Corporation Ltd.	Refineries & marketing	4.31	3.2	0.01%	0.00%	0.01% (Oct 2025)	0% (Nov 2024)	19.50 k	0.00	Large Cap	30.19
Swiggy Ltd.	E-retail/ e-commerce	0.43	55	0.00%	-0.24%	-	-	-	-	Other	16.39
J S W Energy Ltd.	Power generation	1.2	106.2	0.00%	-0.47%	-	-	-	-	Mid Cap	10.08
Hero Motocorp Ltd.	2/3 wheelers	0.46	54.7	0.00%	-0.24%	-	-	-	-	Large Cap	30.19
Tata Motors Ltd.	Passenger cars & utility vehicles	1.28	95.8	0.00%	-0.42%	-	-	-	-	Large Cap	30.19
Kirloskar Oil Engines Ltd.	Compressors, pumps & diesel engines		62.8	0.00%	-0.28%	-	-	-	-	Small Cap	8.43
Mahindra & Mahindra Financial Services Ltd.	Non banking financial company (nbfc)	2.3	110.1	0.00%	-0.49%	-	-	-	-	Mid Cap	10.08
Ashok Leyland Ltd.	Commercial vehicles		57.1	0.00%	-0.25%	-	-	-	-	Mid Cap	10.08
Balkrishna Industries Ltd.	Tyres & rubber products		103.3	0.00%	-0.46%	-	-	-	-	Mid Cap	10.08
ICICI Lombard General Insurance Co Ltd.	General insurance	0.52	47.2	0.00%	-0.21%	-	-	-	-	Large Cap	30.19
SRF Ltd.	Specialty chemicals	0.72	42.4	0.00%	-0.19%	-	-	-	-	Mid Cap	10.08
Sobha Ltd.	Residential, commercial projects	0.77	77.9	0.00%	-0.35%	-	-	-	-	Small Cap	8.43
Nestle India Ltd.	Packaged foods		57.7	0.00%	-0.26%	-	-	-	-	Other	16.39
Mphasis Ltd.	Computers - software & consulting	4.2	26.6	0.00%	-0.12%	-	-	-	-	Mid Cap	10.08
LIC Housing Finance Ltd.	Housing finance company	0.93	98.9	0.00%	-0.44%	-	-	-	-	Mid Cap	10.08

- 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
# Godrej Properties Ltd.	Residential, commercial projects	68.6	0.29%	0.29%	0.45% (Dec 2024)	0% (Nov 2024)	30.00 k	30000
# Atul Ltd.	Specialty chemicals	57.6	0.24%	0.24%	0.24% (Oct 2025)	0% (Nov 2024)	10.00 k	10000
# LG Electronics India Pvt. Ltd.	Consumer electronics	112.4	0.47%	0.47%	0.47% (Oct 2025)	0% (Nov 2024)	67.54 k	67535
# Glenmark Pharmaceuticals Ltd.	Pharmaceuticals	141.8	0.59%	0.59%	0.59% (Oct 2025)	0% (Nov 2024)	75.00 k	75000
# Vedant Fashions Ltd.	Speciality retail	58.1	0.24%	0.24%	0.24% (Oct 2025)	0% (Nov 2024)	90.00 k	90000
# 3M India Ltd.	Diversified	59.1	0.25%	0.25%	0.25% (Oct 2025)	0% (Nov 2024)	2.00 k	2000
# Birlasoft Ltd.	Computers - software & consulting	55.7	0.23%	0.23%	0.23% (Oct 2025)	0% (Nov 2024)	1.50 L	150000
# Jio Financial Services Ltd.	Non banking financial company (nbfc)	15.1	0.06%	0.06%	0.06% (Oct 2025)	0% (Nov 2024)	49.35 k	49350
# Ipca Laboratories Ltd.	Pharmaceuticals	65.1	0.27%	0.27%	0.27% (Oct 2025)	0% (Nov 2024)	51.19 k	51193
# ITC Limited	Diversified fmcg	4.7	0.02%	0.02%	1.83% (Dec 2024)	0% (Nov 2024)	11.20 k	11200
# Deepak Nitrite Ltd.	Specialty chemicals	53.8	0.22%	0.22%	0.22% (Oct 2025)	0% (Nov 2024)	31.10 k	31100
# Fine Organic Industries Ltd.	Specialty chemicals	63.3	0.26%	0.26%	0.26% (Oct 2025)	0% (Nov 2024)	14.27 k	14271
# Rainbow Childrens Medicare Ltd.	Hospital	82.2	0.34%	0.34%	0.34% (Oct 2025)	0% (Nov 2024)	60.00 k	60000
# Colgate - Palmolive (India) Limited	Personal care	134.6	0.56%	0.56%	0.56% (Oct 2025)	0% (Nov 2024)	60.00 k	60000

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
Swiggy Ltd.	E-retail/ e-commerce	55	0.00%	-0.24%	0.25% (Jul 2025)	0% (Nov 2024)	-130000
J S W Energy Ltd.	Power generation	106.2	0.00%	-0.47%	0.5% (Jul 2025)	0% (Nov 2024)	-200000
Hero Motocorp Ltd.	2/3 wheelers	54.7	0.00%	-0.24%	0.62% (Jul 2025)	0% (Nov 2024)	-10000
Tata Motors Ltd.	Passenger cars & utility vehicles	95.8	0.00%	-0.42%	0.61% (Nov 2024)	0% (Nov 2024)	-140800
Kirloskar Oil Engines Ltd.	Compressors, pumps & diesel engines	62.8	0.00%	-0.28%	0.54% (Jul 2025)	0% (Nov 2024)	-68388
Mahindra & Mahindra Financial Services Ltd.	Non banking financial company (nbfc)	110.1	0.00%	-0.49%	0.53% (Jan 2025)	0% (Nov 2024)	-400000
Ashok Leyland Ltd.	Commercial vehicles	57.1	0.00%	-0.25%	0.51% (Nov 2024)	0% (Nov 2024)	-400000
Balkrishna Industries Ltd.	Tyres & rubber products	103.3	0.00%	-0.46%	0.58% (Jul 2025)	0% (Nov 2024)	-45000
ICICI Lombard General Insurance Co Ltd.	General insurance	47.2	0.00%	-0.21%	0.66% (Jun 2025)	0% (Nov 2024)	-25000
SRF Ltd.	Specialty chemicals	42.4	0.00%	-0.19%	0.24% (Jun 2025)	0% (Nov 2024)	-15000
Sobha Ltd.	Residential, commercial projects	77.9	0.00%	-0.35%	0.39% (Jul 2025)	0% (Nov 2024)	-50555
Nestle India Ltd.	Packaged foods	57.7	0.00%	-0.26%	0.64% (Apr 2025)	0% (Nov 2024)	-50000
Mphasis Ltd.	Computers - software & consulting	26.6	0.00%	-0.12%	0.13% (Aug 2025)	0% (Nov 2024)	-10000
LIC Housing Finance Ltd.	Housing finance company	98.9	0.00%	-0.44%	0.49% (Jul 2025)	0% (Nov 2024)	-175000

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
Reliance Industries Ltd.	4.30%	4.20%	4.43%	4.64%	5.15%	5.19%	5.29%	5.49%	5.93%	6.00%	5.82%	5.14%	4.86%
HDFC Bank Ltd.	3.83%	3.79%	4.03%	4.37%	4.45%	4.53%	4.62%	4.54%	4.42%	4.16%	4.39%	3.91%	3.85%
ICICI Bank Ltd.	2.25%	2.57%	2.24%	2.43%	2.22%	2.33%	2.37%	2.31%	2.13%	2.12%	2.19%	2.09%	2.11%
Infosys Ltd.	1.27%	1.32%	2.13%	2.24%	2.05%	2.10%	2.07%	2.24%	2.48%	2.65%	2.58%	2.55%	2.46%
Axis Bank Ltd.	1.87%	1.82%	2.28%	1.77%	2.42%	2.52%	2.66%	2.56%	2.43%	2.26%	2.09%	1.46%	1.52%
Tata Consultancy Services Ltd.	1.68%	1.69%	1.91%	1.92%	2.08%	2.18%	2.24%	2.42%	1.91%	2.17%	2.18%	2.28%	2.16%
Bajaj Finance Ltd.	1.32%	1.88%	1.75%	1.67%	1.83%	1.92%	1.99%	2.13%	2.43%	2.15%	1.88%	1.55%	1.65%
State Bank Of India	1.37%	1.43%	1.39%	1.42%	0.73%	0.63%	0.63%	2.66%	1.86%	2.61%	2.56%	1.91%	1.90%
Bharti Airtel Ltd.	1.65%	1.60%	1.62%	1.68%	1.81%	1.75%	1.82%	1.23%	1.14%	1.14%	1.12%	1.15%	1.16%
NMDC LTD	1.60%	1.72%	1.64%	1.73%	1.83%	1.95%	1.83%	0.53%	0.50%	0.50%	0.51%	0.53%	0.52%
National Thermal Power Corporation Ltd.	1.20%	1.14%	1.17%	1.22%	1.25%	0.88%	0.96%	1.00%	0.98%	0.45%	0.33%	0.98%	1.12%
Mahindra & Mahindra Ltd.	0.87%	0.88%	0.87%	0.89%	0.91%	0.89%	0.90%	0.85%	0.85%	0.94%	0.96%	0.95%	0.89%
Kotak Mahindra Bank Ltd.	1.32%	1.33%	1.06%	1.10%	-	-	-	0.36%	-	-	-	0.46%	0.46%
Maruti Suzuki India Ltd.	0.41%	0.89%	0.87%	0.94%	0.95%	0.99%	1.01%	0.98%	0.88%	0.87%	0.77%	0.70%	0.71%
Info Edge (India) Ltd.	1.59%	1.65%	1.56%	1.64%	0.37%	0.37%	0.38%	0.40%	-	-	0.30%	0.28%	0.26%

No of Debt Holding 1 (Category Avg - 17.77) | Modified Duration 5.70 Years (Category Avg - 2.55)| Yield to Maturity 6.42% (Category Avg - 6.49%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	5.98%	7.12%
CD	0.00%	0.81%
T-Bills	0.00%	0.72%
CP	0.00%	0.48%
NCD & Bonds	0.00%	8.20%
PTC	0.00%	0.09%

Category - Multi Asset Allocation

Security Type	% Weight	Category Average
Government Backed	5.98%	7.84%
Low Risk	0.00%	0.00%
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 - Govt of India	GOI	Other			1434.19	5.98%	1.42 Cr

Name	Type of Instrument	Weight (%)
MF Units	MF Units	9.07%
MF Units	MF Units	6.96%
TREPS	TREPS	6.61%
MF Units	MF Units	6.35%
Margin	Margin	0.08%
Cash and Bank	Cash and Bank	0.00%
Net Receivables	Net Receivables	-0.14%