DSP Arbitrage fund - Direct Plan - Growth Portfolio | DSP Mutual Fund Portfolio

Portfolio Turnover Ratio : 1131.00%. Category average turnover ratio is 1259.13%. 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 : 66.62% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 66.62%

No of Stocks : 173 (Category Avg - 142.47) | Large Cap Investments : 34.97%| Mid Cap Investments : 14.06% | Small Cap Investments : 4.03% | Other : 13.56%

Portfolio Summary (as on 31st Jul,2025)

Particulars	This Scheme	Category
No. of Stocks	173	115
Top 5 Stock Weight	11.07%	21.82%
Top 10 Stock Weight	18.88%	33.8%
Top 3 Sector Weight	19.28%	26.57%

Category - Arbitrage Fund

Particulars	This Scheme	Category
Average mcap (Cr)	84635.91	94792.92
Holdings in large cap stocks	34.97%	39.66%
Holdings in mid cap stocks	14.06%	14.21%
Holdings in small cap stocks	4.03%	3.7%

Category - Arbitrage Fund

Top 10 Stocks holding in Portfolio (as on 31st Jul,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	1823.4	2.96%	0.46%	2.96% (Jul 2025)	0.52% (Aug 2024)	6.00 L	1.35 L
HDFC Bank Ltd.	Private sector bank	1429.7	2.32%	-0.07%	3% (Aug 2024)	0.57% (Nov 2024)	7.08 L	-0.61 L
Reliance Industries Ltd.	Refineries & marketing	1329.7	2.16%	0.16%	3.9% (Jan 2025)	1.83% (May 2025)	9.57 L	1.00 L
Kotak Mahindra Bank Ltd.	Private sector bank	1139.7	1.85%	0.04%	2.15% (Jan 2025)	1.54% (Oct 2024)	5.76 L	36.80 k
ITC Limited	Diversified fmcg	1098.8	1.78%	0.06%	1.82% (May 2025)	0.24% (Jan 2025)	26.67 L	12.80 k
ICICI Bank Ltd.	Private sector bank	1077.4	1.75%	0.09%	2.11% (Feb 2025)	0.23% (Sep 2024)	7.27 L	-0.11 L
Vodafone Idea Ltd.	Telecom - cellular & fixed line services	987.8	1.60%	0.22%	4.26% (Aug 2024)	1.19% (May 2025)	14.30 Cr	2.32 Cr
Axis Bank Ltd.	Private sector bank	944.9	1.53%	-0.08%	2.06% (Feb 2025)	1.01% (Sep 2024)	8.84 L	22.50 k
Bank Of Baroda	Public sector bank	903.8	1.47%	-0.05%	2.13% (Nov 2024)	1.47% (Jul 2025)	38.00 L	-1.37 L
Larsen & Toubro Ltd.	Civil construction	897.9	1.46%	0.06%	2.01% (Aug 2024)	1.06% (Mar 2025)	2.47 L	1.23 k

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

View complete holding

Complete equity Portfolio (as on 31st Jul,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
Tata Consultancy Services Ltd.	Computers - software & consulting	4.6	1823.4	2.96%	0.46%	2.96% (Jul 2025)	0.52% (Aug 2024)	6.00 L	1.35 L	Large Cap	34.97
HDFC Bank Ltd.	Private sector bank	10.08	1429.7	2.32%	-0.07%	3% (Aug 2024)	0.57% (Nov 2024)	7.08 L	-0.61 L	Other	13.56
Reliance Industries Ltd.	Refineries & marketing	2.6	1329.7	2.16%	0.16%	3.9% (Jan 2025)	1.83% (May 2025)	9.57 L	1.00 L	Large Cap	34.97
Kotak Mahindra Bank Ltd.	Private sector bank	10.08	1139.7	1.85%	0.04%	2.15% (Jan 2025)	1.54% (Oct 2024)	5.76 L	36.80 k	Large Cap	34.97
ITC Limited	Diversified fmcg	2.32	1098.8	1.78%	0.06%	1.82% (May 2025)	0.24% (Jan 2025)	26.67 L	12.80 k	Large Cap	34.97
ICICI Bank Ltd.	Private sector bank	10.08	1077.4	1.75%	0.09%	2.11% (Feb 2025)	0.23% (Sep 2024)	7.27 L	-0.11 L	Large Cap	34.97
Vodafone Idea Ltd.	Telecom - cellular & fixed line services	2.4	987.8	1.60%	0.22%	4.26% (Aug 2024)	1.19% (May 2025)	14.30 Cr	2.32 Cr	Large Cap	34.97
Axis Bank Ltd.	Private sector bank	10.08	944.9	1.53%	-0.08%	2.06% (Feb 2025)	1.01% (Sep 2024)	8.84 L	22.50 k	Large Cap	34.97
Bank Of Baroda	Public sector bank	4.6	903.8	1.47%	-0.05%	2.13% (Nov 2024)	1.47% (Jul 2025)	38.00 L	-1.37 L	Large Cap	34.97
Larsen & Toubro Ltd.	Civil construction	1.53	897.9	1.46%	0.06%	2.01% (Aug 2024)	1.06% (Mar 2025)	2.47 L	1.23 k	Large Cap	34.97
Bajaj Finance Ltd.	Non banking financial company (nbfc)	2.85	778.5	1.26%	-0.44%	1.83% (Aug 2024)	1.22% (Mar 2025)	8.84 L	-2.84 L	Other	13.56
Adani Enterprises Ltd.	Trading - minerals	1.22	754	1.22%	-0.05%	2% (Sep 2024)	1.05% (Feb 2025)	3.10 L	-0.90 k	Mid Cap	14.06
- Tata Power Co. Ltd.	Integrated power utilities	1.31	746.3	1.21%	0.00%	1.72% (Aug 2024)	1.03% (Feb 2025)	18.76 L	-0.39 L	Mid Cap	14.06
Canara Bank	Public sector bank	4.6	689.2	1.12%	0.17%	1.29% (Aug 2024)	0.92% (Feb 2025)	64.26 L	10.87 L	Other	13.56
Rural Electrification Corporation Limited	Financial institution	2.08	686.8	1.11%	0.09%	1.11% (Jul 2025)	0.48% (Aug 2024)	17.38 L	1.08 L	Mid Cap	14.06
GMR Airports Infrastructure Ltd.	Airport & airport services	1.07	662.7	1.07%	0.09%	1.81% (Aug 2024)	0.96% (May 2025)	73.59 L	-0.77 L	Small Cap	4.03
Tata Motors Ltd.	Passenger cars & utility vehicles	1.71	629.2	1.02%	0.02%	1.49% (Dec 2024)	0.82% (Apr 2025)	9.45 L	8.80 k	Large Cap	34.97
- Power Finance Corporation Ltd.	Financial institution	2.08	595.8	0.97%	0.00%	1.04% (Mar 2025)	0.19% (Oct 2024)	14.53 L	-0.13 L	Mid Cap	14.06
State Bank Of India	Public sector bank	4.6	578.3	0.94%	-0.04%	1.7% (Aug 2024)	0.44% (Apr 2025)	7.26 L	-0.41 L	Large Cap	34.97
IDFC First Bank Ltd.	Private sector bank	10.08	572.1	0.93%	-0.02%	0.95% (Jun 2025)	0% (Aug 2024)	83.20 L	-0.28 L	Mid Cap	14.06
Punjab National Bank	Public sector bank	4.6	525.2	0.85%	-0.02%	1.54% (Nov 2024)	0.25% (Sep 2024)	49.84 L	-0.56 L	Large Cap	34.97
Hindustan Aeronautics Ltd.	Aerospace & defense	1.52	522.3	0.85%	0.09%	1.18% (Aug 2024)	0.49% (Feb 2025)	1.15 L	15.30 k	Other	13.56
LIC Housing Finance Ltd.	Housing finance company	1.13	505.8	0.82%	-0.27%	1.09% (Jun 2025)	0.63% (Sep 2024)	8.63 L	-2.75 L	Mid Cap	14.06
J S W Steel Ltd.	Iron & steel products	1.89	493.9	0.80%	0.05%	0.8% (Jul 2025)	0% (Aug 2024)	4.71 L	0.00	Large Cap	34.97
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	2.4	492.8	0.80%	0.01%	0.8% (Jul 2025)	0.02% (Sep 2024)	2.57 L	3.80 k	Large Cap	34.97
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	1.01	485.6	0.79%	0.48%	0.79% (Jul 2025)	0% (Aug 2024)	63.13 k	40.63 k	Small Cap	4.03
Vedanta Ltd.	Diversified metals	0.76	470.9	0.76%	0.01%	2.69% (Oct 2024)	0.68% (May 2025)	11.06 L	62.10 k	Large Cap	34.97
Aurobindo Pharma Ltd.	Pharmaceuticals	3.35	455.1	0.74%	0.04%	1.09% (Oct 2024)	0.69% (Feb 2025)	3.99 L	0.00	Large Cap	34.97
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	1.71	415.8	0.67%	0.06%	0.67% (Jul 2025)	0.02% (Aug 2024)	1.30 L	5.80 k	Large Cap	34.97
Bharat Electronics Ltd.	Aerospace & defense	1.52	412.7	0.67%	0.31%	1.22% (Aug 2024)	0.36% (Jun 2025)	10.77 L	5.24 L	Mid Cap	14.06
Bharat Heavy Electricals Ltd.	Heavy electrical equipment	0.87	411.2	0.67%	-0.04%	0.94% (Sep 2024)	0.67% (Jul 2025)	17.25 L	0.00	Mid Cap	14.06
Tata Consumer Products Ltd.	Tea & coffee	0.67	410.8	0.67%	0.02%	0.67% (Jul 2025)	0% (Aug 2024)	3.83 L	-0.55 k	Mid Cap	14.06
Ultratech Cement Ltd.	Cement & cement products	1.33	404.2	0.66%	0.22%	0.66% (Jul 2025)	0.03% (Sep 2024)	33.00 k	9.55 k	Large Cap	34.97
Indian Railway Catering and Tourism Corporation Ltd.	Tour, travel related services	0.65	399.6	0.65%	-0.03%	0.95% (Aug 2024)	0.54% (Feb 2025)	5.50 L	-0.12 L	Other	13.56
Marico Ltd.	Personal care	0.98	392.7	0.64%	0.02%	0.66% (May 2025)	0% (Aug 2024)	5.53 L	0.00	Large Cap	34.97
Jio Financial Services Ltd.	Non banking financial company (nbfc)	2.85	381.5	0.62%	0.07%	0.82% (Jan 2025)	0% (Aug 2024)	11.59 L	84.60 k	Other	13.56
Titan Company Ltd.	Gems, jewellery and watches	0.86	373.1	0.60%	-0.18%	0.82% (Aug 2024)	0.29% (Dec 2024)	1.11 L	-0.25 L	Large Cap	34.97
RBL Bank Ltd.	Private sector bank	10.08	355	0.58%	-0.61%	1.19% (Jun 2025)	0% (Dec 2024)	13.30 L	-0.18 Cr	Mid Cap	14.06
- Hindustan Unilever Ltd.	Diversified fmcg	2.32	334.3	0.54%	0.00%	0.57% (Oct 2024)	0.35% (Aug 2024)	1.33 L	-0.19 L	Large Cap	34.97
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	3.35	330.9	0.54%	0.05%	0.74% (Feb 2025)	0% (Aug 2024)	1.94 L	3.85 k	Large Cap	34.97
One 97 Communications Ltd.	Financial technology (fintech)	0.58	324.6	0.53%	0.13%	0.53% (Jul 2025)	0% (Aug 2024)	2.98 L	21.03 k	Other	13.56
HCL Technologies Limited	Computers - software & consulting	4.6	323.7	0.52%	0.02%	0.52% (Jul 2025)	0.01% (Aug 2024)	2.21 L	33.60 k	Large Cap	34.97
Adani Energy Solutions Ltd.	Power - transmission	0.59	294.7	0.48%	0.22%	0.48% (Jul 2025)	0% (Aug 2024)	3.65 L	1.72 L	Mid Cap	14.06
Grasim Industries Limited	Cement & cement products	1.33	294.6	0.48%	0.01%	0.48% (Jul 2025)	0.2% (Aug 2024)	1.07 L	750.00	Large Cap	34.97
- Hindalco Industries Ltd.	Aluminium	0.81	292.6	0.47%	0.00%	0.53% (Feb 2025)	0.18% (Aug 2024)	4.28 L	-0.11 L	Large Cap	34.97
DLF Ltd.	Residential, commercial projects	1.18	292.5	0.47%	0.03%	0.65% (Mar 2025)	0.34% (May 2025)	3.73 L	35.48 k	Large Cap	34.97
Nestle India Ltd.	Packaged foods	0.83	287.1	0.47%	-0.04%	0.51% (Jun 2025)	0% (Aug 2024)	1.28 L	-5.25 k	Other	13.56
Adani Ports And Special Economic Zone Ltd.	Port & port services	0.46	284.4	0.46%	-0.01%	0.47% (Jun 2025)	0.19% (Oct 2024)	2.07 L	0.00	Large Cap	34.97
- Granules India Ltd.	Pharmaceuticals	3.35	273.1	0.44%	0.00%	0.47% (May 2025)	0.02% (Sep 2024)	5.75 L	0.00	Small Cap	4.03
Coforge Ltd.	Computers - software & consulting	4.6	260.3	0.42%	-0.08%	0.85% (May 2025)	0% (Aug 2024)	1.49 L	-0.20 L	Other	13.56
Patanjali Foods Ltd.	Edible oil	0.41	255.8	0.41%	0.01%	0.41% (Jul 2025)	0% (Aug 2024)	1.37 L	-0.19 L	Other	13.56
National Thermal Power Corporation Ltd.	Power generation	0.77	255.2	0.41%	-0.04%	0.52% (Jan 2025)	0.03% (Aug 2024)	7.64 L	-1.08 L	Large Cap	34.97
Tata Steel Ltd.	Iron & steel products	1.89	249.3	0.40%	-0.11%	0.51% (Jun 2025)	0.11% (Nov 2024)	15.79 L	-4.95 L	Other	13.56
Divis Laboratories Ltd.	Pharmaceuticals	3.35	244.7	0.40%	0.02%	0.4% (Jul 2025)	0% (Aug 2024)	37.10 k	1.40 k	Large Cap	34.97
SRF Ltd.	Specialty chemicals	0.58	243.3	0.39%	-0.01%	0.4% (Jun 2025)	0% (Aug 2024)	80.00 k	0.00	Mid Cap	14.06
APL Apollo Tubes Ltd.	Iron & steel products	1.89	243.2	0.39%	-0.12%	0.51% (Jun 2025)	0% (Aug 2024)	1.52 L	-0.36 L	Other	13.56
- Eternal Ltd.	E-retail/ e-commerce	0.38	235.1	0.38%	0.00%	0.38% (Jun 2025)	0% (Aug 2024)	7.64 L	-1.70 L	Other	13.56
Bandhan Bank Ltd.	Private sector bank	10.08	229.3	0.37%	-0.19%	0.77% (Apr 2025)	0.37% (Jul 2025)	13.64 L	-5.47 L	Large Cap	34.97
Infosys Ltd.	Computers - software & consulting	4.6	227.6	0.37%	-0.80%	1.99% (Feb 2025)	0.37% (Jul 2025)	1.51 L	-3.18 L	Large Cap	34.97
Shriram Finance Ltd.	Non banking financial company (nbfc)	2.85	226.9	0.37%	-0.02%	0.95% (Aug 2024)	0.37% (Jul 2025)	3.60 L	825.00	Other	13.56
Britannia Industries Ltd.	Packaged foods	0.83	222.2	0.36%	0.01%	0.37% (Apr 2025)	0% (Aug 2024)	38.50 k	0.00	Large Cap	34.97
Container Corporation Of India Ltd.	Logistics solution provider	0.36	221.9	0.36%	-0.09%	0.84% (Mar 2025)	0.36% (Jul 2025)	3.84 L	2.75 k	Large Cap	34.97
IIFL Finance Ltd.	Non banking financial company (nbfc)	2.85	219.2	0.36%	0.01%	0.36% (Jul 2025)	0% (Aug 2024)	4.59 L	-0.17 L	Small Cap	4.03
- National Aluminium Co. Ltd.	Aluminium	0.81	208.9	0.34%	0.00%	1.16% (Sep 2024)	0.13% (Mar 2025)	11.29 L	-0.11 L	Small Cap	4.03
Coal India Ltd.	Coal	0.33	206.3	0.33%	0.09%	0.35% (Feb 2025)	0.15% (Sep 2024)	5.48 L	1.51 L	Large Cap	34.97
Computer Age Management Services Pvt Ltd.	Depositories, clearing houses and other intermediaries	0.33	202.9	0.33%	0.06%	0.33% (Jul 2025)	0% (Aug 2024)	54.30 k	14.25 k	Other	13.56
Yes Bank	Private sector bank	10.08	195.9	0.32%	-0.01%	0.33% (Jun 2025)	0% (Aug 2024)	1.04 Cr	0.00	Other	13.56
PNB Housing Finance Ltd.	Housing finance company	1.13	193.6	0.31%	-0.03%	0.34% (Jun 2025)	0% (Aug 2024)	1.96 L	0.00	Mid Cap	14.06
Indusind Bank Ltd.	Private sector bank	10.08	187.3	0.30%	0.18%	2.19% (Dec 2024)	0.03% (Apr 2025)	2.35 L	1.44 L	Large Cap	34.97
Aditya Birla Capital Ltd.	Life insurance	0.88	186.2	0.30%	-0.03%	0.35% (Mar 2025)	0% (Aug 2024)	7.25 L	-0.31 L	Mid Cap	14.06
Steel Authority Of India Ltd.	Iron & steel products	1.89	185.6	0.30%	-0.10%	0.62% (Aug 2024)	0.24% (Nov 2024)	14.95 L	-4.70 L	Mid Cap	14.06
360 ONE WAM Ltd.	Other financial services	0.3	185.3	0.30%	0.27%	0.3% (Jul 2025)	0% (Aug 2024)	1.76 L	1.60 L	Other	13.56
- Bajaj Auto Ltd.	2/3 wheelers	0.37	177.8	0.29%	0.00%	0.92% (Aug 2024)	0% (Oct 2024)	22.20 k	-0.38 k	Large Cap	34.97
- Hindustan Petroleum Corporation Ltd.	Refineries & marketing	2.6	177.1	0.29%	0.00%	0.32% (Mar 2025)	0.03% (Jan 2025)	4.23 L	0.00	Large Cap	34.97
SBI Life Insurance Co Ltd.	Life insurance	0.88	168.4	0.27%	-0.20%	0.47% (Jun 2025)	0% (Sep 2024)	91.50 k	-0.74 L	Large Cap	34.97
Aditya Birla Fashion and Retail Ltd.	Speciality retail	0.31	166.4	0.27%	-0.03%	1.57% (Aug 2024)	0.11% (May 2025)	22.83 L	-3.04 L	Mid Cap	14.06
NMDC LTD	Industrial minerals	0.26	161.5	0.26%	0.05%	0.5% (Sep 2024)	0.2% (Mar 2025)	22.82 L	3.24 L	Mid Cap	14.06
Kalyan Jewellers India Ltd.	Gems, jewellery and watches	0.86	157.9	0.26%	0.12%	0.26% (Jul 2025)	0% (Aug 2024)	2.66 L	1.07 L	Other	13.56
Colgate - Palmolive (India) Limited	Personal care	0.98	156.1	0.25%	0.24%	0.25% (Jul 2025)	0% (Aug 2024)	69.53 k	67.95 k	Large Cap	34.97
J S W Energy Ltd.	Power generation	0.77	153.5	0.25%	0.06%	0.25% (Jul 2025)	0% (Aug 2024)	2.98 L	65.00 k	Mid Cap	14.06
Biocon Ltd.	Pharmaceuticals	3.35	151.7	0.25%	0.09%	0.61% (Aug 2024)	0.16% (Jun 2025)	3.88 L	1.00 L	Mid Cap	14.06
- Max Healthcare Institute Ltd.	Hospital	0.45	142	0.23%	0.00%	0.23% (Jun 2025)	0% (Aug 2024)	1.14 L	0.00	Other	13.56
Oil & Natural Gas Corporation Ltd.	Oil exploration & production	0.22	135.6	0.22%	-0.02%	1.03% (Aug 2024)	0.22% (Jul 2025)	5.63 L	-0.79 L	Large Cap	34.97
Bank Of India	Public sector bank	4.6	135	0.22%	-0.05%	0.31% (Apr 2025)	0% (Aug 2024)	12.12 L	-2.55 L	Mid Cap	14.06
Info Edge (India) Ltd.	Internet & catalogue retail	0.22	132.6	0.22%	0.12%	0.22% (Jul 2025)	0% (Aug 2024)	95.25 k	49.88 k	Other	13.56
BSE Ltd.	Exchange and data platform	1.01	132	0.21%	0.15%	0.21% (Jan 2025)	0% (Aug 2024)	54.38 k	40.13 k	Small Cap	4.03
Jubilant Foodworks Ltd.	Restaurants	0.21	131.1	0.21%	0.04%	0.21% (Jul 2025)	0% (Aug 2024)	2.00 L	42.50 k	Other	13.56
- Bajaj Finserv Ltd	Holding company	0.21	130.5	0.21%	0.00%	0.45% (Aug 2024)	0% (Aug 2024)	67.00 k	0.00	Other	13.56
Exide Industries Ltd.	Auto components & equipments	0.37	130.1	0.21%	0.01%	0.28% (Sep 2024)	0.16% (Aug 2024)	3.38 L	10.80 k	Mid Cap	14.06
ICICI Prudential Life Insurance Co Ltd.	Life insurance	0.88	129.9	0.21%	-0.01%	0.22% (May 2025)	0% (Aug 2024)	2.11 L	-8.33 k	Large Cap	34.97
Tech Mahindra Ltd.	Computers - software & consulting	4.6	123.8	0.20%	-0.14%	0.45% (Apr 2025)	0% (Aug 2024)	84.60 k	-0.44 L	Large Cap	34.97
# Lodha Developers Ltd.	Residential, commercial projects	1.18	121.4	0.20%	0.00%	0.2% (Jul 2025)	0% (Aug 2024)	98.55 k	98.55 k	Other	13.56
# Lodha Developers Ltd.	Residential, commercial projects	1.18	121.4	0.20%	0.20%	0.2% (Jul 2025)	0% (Aug 2024)	98.55 k	98.55 k	Other	13.56
Torrent Pharmaceuticals Ltd.	Pharmaceuticals	3.35	119.7	0.19%	0.02%	0.19% (Jul 2025)	0% (Aug 2024)	32.00 k	0.00	Mid Cap	14.06
Lupin Ltd.	Pharmaceuticals	3.35	118.9	0.19%	0.13%	0.87% (Aug 2024)	0.04% (May 2025)	61.63 k	42.08 k	Large Cap	34.97
Pidilite Industries Ltd.	Specialty chemicals	0.58	117.7	0.19%	0.16%	0.19% (Jul 2025)	0% (Aug 2024)	41.00 k	33.75 k	Large Cap	34.97
Phoenix Mills Ltd.	Residential, commercial projects	1.18	114.8	0.19%	0.01%	0.19% (Jul 2025)	0% (Aug 2024)	77.35 k	4.20 k	Small Cap	4.03
Indian Hotels Company Limited	Hotels & resorts	0.17	105.9	0.17%	0.06%	0.38% (Nov 2024)	0% (Mar 2025)	1.43 L	54.00 k	Mid Cap	14.06
Ambuja Cements Ltd.	Cement & cement products	1.33	103.9	0.17%	-0.04%	0.59% (Oct 2024)	0.17% (Jul 2025)	1.75 L	-0.64 L	Large Cap	34.97
Zydus Lifesciences Ltd.	Pharmaceuticals	3.35	103.9	0.17%	0.01%	0.33% (Aug 2024)	0.09% (Mar 2025)	1.07 L	0.00	Mid Cap	14.06
Laurus Labs Ltd.	Pharmaceuticals	3.35	101.1	0.16%	0.03%	0.4% (Aug 2024)	0.11% (May 2025)	1.16 L	0.00	Other	13.56
# L&T Finance Holdings Ltd.	Investment company	0.15	92.2	0.15%	0.15%	0.54% (Aug 2024)	0% (Aug 2024)	4.55 L	4.55 L	Mid Cap	14.06
Manappuram Finance Ltd.	Non banking financial company (nbfc)	2.85	90.3	0.15%	-0.05%	1.01% (Aug 2024)	0.12% (Mar 2025)	3.57 L	-1.11 L	Mid Cap	14.06
Cipla Ltd.	Pharmaceuticals	3.35	88.6	0.14%	-0.04%	0.28% (Jan 2025)	0% (Aug 2024)	57.00 k	-0.20 L	Large Cap	34.97
Bharat Petroleum Corporation Ltd.	Refineries & marketing	2.6	85.9	0.14%	-0.03%	0.25% (Nov 2024)	0% (Aug 2024)	2.61 L	-0.59 L	Large Cap	34.97
- Petronet LNG Ltd.	Lpg/cng/png/lng supplier	0.18	85.1	0.14%	0.00%	0.14% (Oct 2024)	0.01% (Aug 2024)	2.95 L	-1.80 k	Large Cap	34.97
Crompton Greaves Consumer Electricals Ltd.	Household appliances	0.17	84.9	0.14%	-0.01%	0.19% (Mar 2025)	0% (Aug 2024)	2.63 L	0.00	Mid Cap	14.06
GAIL (India) Ltd.	Gas transmission/marketing	0.13	80	0.13%	0.08%	0.41% (Aug 2024)	0.03% (Dec 2024)	4.50 L	2.84 L	Large Cap	34.97
- CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	0.87	78.7	0.13%	0.00%	0.13% (Jun 2025)	0% (Aug 2024)	1.19 L	0.00	Small Cap	4.03
Federal Bank Ltd.	Private sector bank	10.08	77.9	0.13%	0.05%	0.2% (Apr 2025)	0% (Aug 2024)	3.85 L	1.40 L	Mid Cap	14.06
Mphasis Ltd.	Computers - software & consulting	4.6	75.2	0.12%	-0.12%	0.24% (Jun 2025)	0% (Aug 2024)	26.95 k	-0.28 L	Mid Cap	14.06
Ashok Leyland Ltd.	Commercial vehicles	0.12	75.1	0.12%	-0.02%	0.14% (Jun 2025)	0% (Aug 2024)	6.20 L	2.58 L	Mid Cap	14.06
- HFCL Ltd.	Telecom - infrastructure	0.12	71.7	0.12%	0.00%	0.12% (Jun 2025)	0% (Aug 2024)	9.48 L	32.25 k	Small Cap	4.03
Apollo Hospitals Enterprises Ltd.	Hospital	0.45	71.2	0.12%	0.02%	0.44% (Oct 2024)	0.01% (Aug 2024)	9.50 k	1.00 k	Mid Cap	14.06
Adani Green Energy Ltd.	Power generation	0.77	68.5	0.11%	0.01%	0.49% (Dec 2024)	0% (Aug 2024)	69.60 k	4.80 k	Small Cap	4.03
Godrej Properties Ltd.	Residential, commercial projects	1.18	67.7	0.11%	-0.03%	0.14% (Jun 2025)	0.06% (Aug 2024)	32.18 k	-5.78 k	Mid Cap	14.06
Power Grid Corporation of India Ltd.	Power - transmission	0.59	65.8	0.11%	-0.03%	0.63% (Oct 2024)	0.11% (Jul 2025)	2.26 L	-0.74 L	Large Cap	34.97
Fortis Healthcare Ltd.	Hospital	0.45	60.5	0.10%	0.09%	0.1% (Jul 2025)	0% (Aug 2024)	70.53 k	59.68 k	Other	13.56
- Hindustan Zinc Ltd.	Zinc	0.1	59.7	0.10%	0.00%	0.1% (Jun 2025)	0% (Aug 2024)	1.41 L	0.00	Large Cap	34.97
Godrej Consumer Products Ltd	Personal care	0.98	58.5	0.09%	0.01%	0.32% (Oct 2024)	0% (Aug 2024)	46.50 k	500.00	Large Cap	34.97
Varun Beverages Ltd.	Other beverages	0.09	57.9	0.09%	-0.02%	0.58% (Jan 2025)	0% (Aug 2024)	1.11 L	-0.47 L	Other	13.56
- Glenmark Pharmaceuticals Ltd.	Pharmaceuticals	3.35	57.6	0.09%	0.00%	0.73% (Aug 2024)	0.02% (Jan 2025)	27.00 k	-6.00 k	Mid Cap	14.06
HDFC Life Insurance Company Ltd.	Life insurance	0.88	54.9	0.09%	0.06%	0.33% (Aug 2024)	0.03% (Jun 2025)	72.60 k	48.40 k	Large Cap	34.97
Tata Chemicals Ltd.	Commodity chemicals	0.09	54.3	0.09%	0.01%	0.15% (Aug 2024)	0% (Aug 2024)	55.25 k	0.00	Mid Cap	14.06
# Magma Fincorp Ltd.	Non banking financial company (nbfc)	2.85	51	0.08%	0.08%	0.08% (Jul 2025)	0% (Aug 2024)	1.21 L	1.21 L	Small Cap	4.03
Eicher Motors Ltd.	2/3 wheelers	0.37	50.7	0.08%	0.01%	0.56% (Oct 2024)	0% (Aug 2024)	9.28 k	1.75 k	Other	13.56
# PG Electroplast Ltd.	Consumer electronics	0.13	50.6	0.08%	0.08%	0.08% (Jul 2025)	0% (Aug 2024)	62.30 k	62.30 k	Other	13.56
Polycab India Limited	Cables - electricals	0.07	42.6	0.07%	0.01%	0.99% (Aug 2024)	0.05% (Mar 2025)	6.25 k	0.00	Other	13.56
Cesc Ltd.	Integrated power utilities	1.31	37.5	0.06%	-0.10%	0.26% (Apr 2025)	0% (Aug 2024)	2.21 L	-3.88 L	Other	13.56
Motherson Sumi Systems Ltd.	Auto components & equipments	0.37	36.5	0.06%	-0.05%	0.71% (Apr 2025)	0% (Sep 2024)	3.75 L	-0.92 L	Large Cap	34.97
Siemens Ltd.	Heavy electrical equipment	0.87	36.4	0.06%	0.04%	0.19% (Feb 2025)	0% (Aug 2024)	12.00 k	8.00 k	Large Cap	34.97
Dixon Technologies (India) Ltd.	Consumer electronics	0.13	33.7	0.05%	-0.04%	0.59% (Dec 2024)	0% (Aug 2024)	2.00 k	-1.90 k	Other	13.56
- UPL Ltd.	Pesticides & agrochemicals	0.05	33.4	0.05%	0.00%	1.1% (Sep 2024)	0.04% (Apr 2025)	47.43 k	0.00	Large Cap	34.97
Asian Paints (india) Ltd.	Paints	0.05	30	0.05%	0.01%	0.29% (Aug 2024)	0% (Aug 2024)	12.50 k	1.00 k	Large Cap	34.97
Solar Industries India Ltd.	Explosives	0.05	29.9	0.05%	-0.02%	0.07% (Jun 2025)	0% (Aug 2024)	2.10 k	-0.30 k	Small Cap	4.03
Tube Investments Of India Ltd.	Auto components & equipments	0.37	29.5	0.05%	-0.01%	0.06% (Jun 2025)	0% (Aug 2024)	10.40 k	-1.00 k	Small Cap	4.03
KFIN Technologies Ltd.	Financial technology (fintech)	0.58	29.2	0.05%	0.04%	0.05% (Jul 2025)	0% (Aug 2024)	27.00 k	20.25 k	Other	13.56
# Angel One Ltd.	Stockbroking & allied	0.04	27.3	0.04%	0.04%	0.26% (Dec 2024)	0% (Aug 2024)	10.50 k	10.50 k	Other	13.56
United Spirits Ltd.	Breweries & distilleries	0.04	26.3	0.04%	0.02%	0.14% (Aug 2024)	0% (Aug 2024)	19.60 k	12.00 k	Large Cap	34.97
- IRB Infrastructure Developers Ltd.	Civil construction	1.53	23.7	0.04%	0.00%	0.05% (Jan 2025)	0% (Aug 2024)	5.25 L	-0.35 L	Other	13.56
Bosch Ltd.	Auto components & equipments	0.37	23.2	0.04%	0.01%	0.04% (Jul 2025)	0% (Aug 2024)	575.00	75.00	Large Cap	34.97
- Torrent Power Ltd.	Integrated power utilities	1.31	23.1	0.04%	0.00%	0.04% (Jun 2025)	0% (Aug 2024)	17.63 k	0.00	Mid Cap	14.06
Adani Total Gas Ltd.	Lpg/cng/png/lng supplier	0.18	22.7	0.04%	-0.07%	0.11% (Jun 2025)	0% (Aug 2024)	37.63 k	-0.65 L	Mid Cap	14.06
# Trent Limited	Speciality retail	0.31	22.6	0.04%	0.04%	0.31% (Mar 2025)	0% (Aug 2024)	4.50 k	4.50 k	Mid Cap	14.06
Dr. Reddys Laboratories Ltd.	Pharmaceuticals	3.35	19.1	0.03%	-0.01%	0.13% (Oct 2024)	0% (Aug 2024)	15.00 k	-3.13 k	Other	13.56
# Amber Enterprises India Ltd.	Household appliances	0.17	15.9	0.03%	0.03%	0.03% (Jul 2025)	0% (Aug 2024)	2.00 k	2.00 k	Small Cap	4.03
- NBCC (India) Ltd.	Civil construction	1.53	12	0.02%	0.00%	0.02% (Jul 2025)	0% (Aug 2024)	1.11 L	0.00	Mid Cap	14.06
# Au Small Finance Bank Ltd.	Other bank	0.02	11.9	0.02%	0.02%	0.09% (May 2025)	0% (Aug 2024)	16.00 k	16.00 k	Mid Cap	14.06
- Dalmia Bharat Ltd.	Cement & cement products	1.33	10.9	0.02%	0.00%	0.13% (Apr 2025)	0% (Aug 2024)	4.88 k	0.00	Mid Cap	14.06
# Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	1.71	9.5	0.02%	0.02%	0.29% (Dec 2024)	0% (Aug 2024)	750.00	750.00	Large Cap	34.97
Tata Technologies Ltd.	Computers - software & consulting	4.6	9	0.01%	-0.18%	0.23% (May 2025)	0% (Aug 2024)	12.80 k	-1.60 L	Other	13.56
# Inox Wind Ltd.	Heavy electrical equipment	0.87	8.4	0.01%	0.01%	0.02% (Apr 2025)	0% (Aug 2024)	55.62 k	55.62 k	Small Cap	4.03
# Astral Ltd.	Plastic products - industrial	0.02	7.7	0.01%	0.01%	0.3% (Oct 2024)	0% (Aug 2024)	5.53 k	5.53 k	Mid Cap	14.06
# Oberoi Realty Ltd.	Residential, commercial projects	1.18	5.7	0.01%	0.01%	1.38% (Sep 2024)	0% (Aug 2024)	3.50 k	3.50 k	Mid Cap	14.06
Indian Oil Corporation Ltd.	Refineries & marketing	2.6	5.7	0.01%	-0.05%	0.52% (Aug 2024)	0.01% (Jul 2025)	39.00 k	-2.19 L	Large Cap	34.97
# Titagarh Rail Systems Ltd.	Railway wagons	0.02	5.6	0.01%	0.00%	0.01% (Jul 2025)	0% (Aug 2024)	6.53 k	6.53 k	Small Cap	4.03
Indian Energy Exchange Ltd.	Exchange and data platform	1.01	5.6	0.01%	-0.18%	0.95% (Aug 2024)	0.01% (Jul 2025)	41.25 k	-5.93 L	Small Cap	4.03
# Supreme Industries Ltd.	Plastic products - industrial	0.02	5.3	0.01%	0.01%	0.16% (May 2025)	0% (Aug 2024)	1.23 k	1.23 k	Mid Cap	14.06
- UNO Minda Ltd.	Auto components & equipments	0.37	4	0.01%	0.00%	0.01% (Jul 2025)	0% (Aug 2024)	3.85 k	0.00	Small Cap	4.03
- Life Insurance Corporation Of India	Life insurance	0.88	3.8	0.01%	0.00%	0.13% (Nov 2024)	0% (Aug 2024)	4.20 k	-4.20 k	Other	13.56
# Cholamandalam Investment & Finance Co. Ltd.	Non banking financial company (nbfc)	2.85	3.6	0.01%	0.01%	0.35% (Dec 2024)	0% (Aug 2024)	2.50 k	2.50 k	Other	13.56
NCC Ltd.	Civil construction	1.53	3.5	0.01%	-0.02%	0.05% (Dec 2024)	0% (Aug 2024)	16.20 k	-0.54 L	Small Cap	4.03
- Bharat Forge Ltd.	Castings & forgings	0.01	3.5	0.01%	0.00%	0.1% (Sep 2024)	0% (Aug 2024)	3.00 k	0.00	Mid Cap	14.06
# Piramal Pharma Ltd.	Pharmaceuticals	3.35	3.5	0.01%	0.01%	0.01% (Jul 2025)	0% (Aug 2024)	17.50 k	17.50 k	Other	13.56
# Titagarh Rail Systems Ltd.	Railway wagons	0.02	5.6	0.01%	0.01%	0.01% (Jul 2025)	0% (Aug 2024)	6.53 k	6.53 k	Small Cap	4.03
- Syngene International Ltd.	Healthcare research, analytics & technology	0	2.9	0.00%	0.00%	0.08% (Nov 2024)	0% (Aug 2024)	4.00 k	1.00 k	Mid Cap	14.06
- FSN E-Commerce Ventures Ltd.	E-retail/ e-commerce	0.38	2.6	0.00%	0.00%	0% (Jul 2025)	0% (Aug 2024)	12.50 k	12.50 k	Other	13.56
- Persistent Systems Ltd.	Computers - software & consulting	4.6	2.6	0.00%	0.00%	0.34% (Oct 2024)	0% (Aug 2024)	500.00	0.00	Other	13.56
Mazagon Dock Shipbuilders Ltd.	Ship building & allied services	0	1.5	0.00%	-0.13%	0.13% (Jun 2025)	0% (Aug 2024)	525.00	-0.25 L	Other	13.56
- Oracle Financial Services Software Limited	Software products	0	1.3	0.00%	0.00%	0.49% (Aug 2024)	0% (Aug 2024)	150.00	150.00	Mid Cap	14.06
- PB Fintech Ltd.	Financial technology (fintech)	0.58	1.3	0.00%	0.00%	0.36% (Jan 2025)	0% (Aug 2024)	700.00	700.00	Other	13.56
- Alkem Laboratories Ltd.	Pharmaceuticals	3.35	1.3	0.00%	0.00%	0.53% (Aug 2024)	0% (Aug 2024)	250.00	0.00	Mid Cap	14.06
- Union Bank Of India	Public sector bank	4.6	1.2	0.00%	0.00%	0.06% (Apr 2025)	0% (Aug 2024)	8.85 k	8.85 k	Mid Cap	14.06
Mahanagar Gas Ltd.	Lpg/cng/png/lng supplier	0.18	122.2	0.00%	-0.19%	-	-	-	-	Small Cap	4.03
Jindal Steel & Power Ltd.	Iron & steel products	1.89	55.9	0.00%	-0.09%	-	-	-	-	Mid Cap	14.06
Dabur India Ltd.	Personal care	0.98	96.4	0.00%	-0.15%	-	-	-	-	Large Cap	34.97
Associated Cement Companies Ltd.	Cement & cement products	1.33	138.6	0.00%	-0.22%	-	-	-	-	Mid Cap	14.06
SJVN Ltd.	Power generation	0.77	0.6	0.00%	0.00%	-	-	-	-	Small Cap	4.03
Tata Communications Ltd.	Telecom - cellular & fixed line services	2.4	473.4	0.00%	-0.74%	-	-	-	-	Mid Cap	14.06
ABB India Ltd.	Heavy electrical equipment	0.87	158.1	0.00%	-0.25%	-	-	-	-	Large Cap	34.97
Pi Industries Ltd.	Pesticides & agrochemicals	0.05	9.3	0.00%	-0.01%	-	-	-	-	Mid Cap	14.06
InterGlobe Aviation Ltd.	Airline		52.9	0.00%	-0.08%	-	-	-	-	Large Cap	34.97
Piramal Enterprises Ltd.	Other financial services	0.3	49.8	0.00%	-0.08%	-	-	-	-	Large Cap	34.97
Chambal Fertilizers & Chemicals Ltd.	Fertilizers		284.6	0.00%	-0.44%	-	-	-	-	Small Cap	4.03
HDFC Asset Management Co. Ltd.	Asset management company		51.4	0.00%	-0.08%	-	-	-	-	Large Cap	34.97
Kaynes Technology India Private Ltd.	Industrial products		8.5	0.00%	-0.01%	-	-	-	-	Other	13.56
Birlasoft Ltd.	Computers - software & consulting	4.6	62	0.00%	-0.10%	-	-	-	-	Small Cap	4.03
Aarti Industries Ltd.	Specialty chemicals	0.58	163.9	0.00%	-0.25%	-	-	-	-	Mid Cap	14.06
KPIT Technologies Ltd.	Computers - software & consulting	4.6	18.6	0.00%	-0.03%	-	-	-	-	Other	13.56
Housing & Urban Development Corporation Ltd.	Financial institution	2.08	52.1	0.00%	-0.08%	-	-	-	-	Small Cap	4.03
Shree Cement Ltd.	Cement & cement products	1.33	180	0.00%	-0.28%	-	-	-	-	Large Cap	34.97
Indian Renewable Energy Development Agency Ltd.	Financial institution	2.08	9.4	0.00%	-0.01%	-	-	-	-	Other	13.56
ICICI Lombard General Insurance Co Ltd.	General insurance		18.6	0.00%	-0.03%	-	-	-	-	Large Cap	34.97
Indus Towers Ltd.	Telecom - infrastructure	0.12	71.6	0.00%	-0.11%	-	-	-	-	Large Cap	34.97
Hindustan Copper Ltd.	Copper		652.8	0.00%	-1.01%	-	-	-	-	Small Cap	4.03
NHPC Ltd.	Power generation	0.77	0.6	0.00%	0.00%	-	-	-	-	Mid Cap	14.06
Cummins India Ltd.	Compressors, pumps & diesel engines		60.5	0.00%	-0.09%	-	-	-	-	Mid Cap	14.06

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

New Stocks added in Portfolio (in 1 month period ending 31st Jul,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Supreme Industries Ltd.	Plastic products - industrial	5.3	0.01%	0.01%	0.16% (May 2025)	0% (Aug 2024)	1.23 k	1225
# Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	9.5	0.02%	0.02%	0.29% (Dec 2024)	0% (Aug 2024)	750.00	750
# Inox Wind Ltd.	Heavy electrical equipment	8.4	0.01%	0.01%	0.02% (Apr 2025)	0% (Aug 2024)	55.62 k	55624
# PG Electroplast Ltd.	Consumer electronics	50.6	0.08%	0.08%	0.08% (Jul 2025)	0% (Aug 2024)	62.30 k	62300
# Magma Fincorp Ltd.	Non banking financial company (nbfc)	51	0.08%	0.08%	0.08% (Jul 2025)	0% (Aug 2024)	1.21 L	120700
# L&T Finance Holdings Ltd.	Investment company	92.2	0.15%	0.15%	0.54% (Aug 2024)	0% (Aug 2024)	4.55 L	455124
- FSN E-Commerce Ventures Ltd.	E-retail/ e-commerce	2.6	0.00%	0.00%	0% (Jul 2025)	0% (Aug 2024)	12.50 k	12500
# Angel One Ltd.	Stockbroking & allied	27.3	0.04%	0.04%	0.26% (Dec 2024)	0% (Aug 2024)	10.50 k	10500
# Au Small Finance Bank Ltd.	Other bank	11.9	0.02%	0.02%	0.09% (May 2025)	0% (Aug 2024)	16.00 k	16000
# Titagarh Rail Systems Ltd.	Railway wagons	5.6	0.01%	0.01%	0.01% (Jul 2025)	0% (Aug 2024)	6.53 k	6525
# Oberoi Realty Ltd.	Residential, commercial projects	5.7	0.01%	0.01%	1.38% (Sep 2024)	0% (Aug 2024)	3.50 k	3500
- PB Fintech Ltd.	Financial technology (fintech)	1.3	0.00%	0.00%	0.36% (Jan 2025)	0% (Aug 2024)	700.00	700
# Lodha Developers Ltd.	Residential, commercial projects	121.4	0.20%	0.20%	0.2% (Jul 2025)	0% (Aug 2024)	98.55 k	98550
# Cholamandalam Investment & Finance Co. Ltd.	Non banking financial company (nbfc)	3.6	0.01%	0.01%	0.35% (Dec 2024)	0% (Aug 2024)	2.50 k	2500
# Trent Limited	Speciality retail	22.6	0.04%	0.04%	0.31% (Mar 2025)	0% (Aug 2024)	4.50 k	4500
# Amber Enterprises India Ltd.	Household appliances	15.9	0.03%	0.03%	0.03% (Jul 2025)	0% (Aug 2024)	2.00 k	2000
- Oracle Financial Services Software Limited	Software products	1.3	0.00%	0.00%	0.49% (Aug 2024)	0% (Aug 2024)	150.00	150
# Piramal Pharma Ltd.	Pharmaceuticals	3.5	0.01%	0.01%	0.01% (Jul 2025)	0% (Aug 2024)	17.50 k	17500
# Astral Ltd.	Plastic products - industrial	7.7	0.01%	0.01%	0.3% (Oct 2024)	0% (Aug 2024)	5.53 k	5525

Stocks removed from Portfolio (in 1 month period ending 31st Jul,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	1M Change in Qty
Mahanagar Gas Ltd.	Lpg/cng/png/lng supplier	122.2	0.00%	-0.19%	0.37% (Apr 2025)	0% (Aug 2024)	-82400
Jindal Steel & Power Ltd.	Iron & steel products	55.9	0.00%	-0.09%	0.37% (Nov 2024)	0% (Aug 2024)	-59375
Dabur India Ltd.	Personal care	96.4	0.00%	-0.15%	0.18% (Jan 2025)	0% (Aug 2024)	-198750
Associated Cement Companies Ltd.	Cement & cement products	138.6	0.00%	-0.22%	0.26% (Aug 2024)	0% (Aug 2024)	-72300
- SJVN Ltd.	Power generation	0.6	0.00%	0.00%	0% (Jun 2025)	0% (Aug 2024)	-5875
Tata Communications Ltd.	Telecom - cellular & fixed line services	473.4	0.00%	-0.74%	1.04% (Sep 2024)	0% (Aug 2024)	-280000
ABB India Ltd.	Heavy electrical equipment	158.1	0.00%	-0.25%	0.25% (Jun 2025)	0% (Aug 2024)	-26000
Pi Industries Ltd.	Pesticides & agrochemicals	9.3	0.00%	-0.01%	0.11% (Apr 2025)	0% (Aug 2024)	-2275
InterGlobe Aviation Ltd.	Airline	52.9	0.00%	-0.08%	1.07% (Sep 2024)	0% (Aug 2024)	-8850
Piramal Enterprises Ltd.	Other financial services	49.8	0.00%	-0.08%	0.08% (Jun 2025)	0% (Aug 2024)	-43500
Chambal Fertilizers & Chemicals Ltd.	Fertilizers	284.6	0.00%	-0.44%	0.5% (Aug 2024)	0% (Aug 2024)	-503500
HDFC Asset Management Co. Ltd.	Asset management company	51.4	0.00%	-0.08%	0.3% (Oct 2024)	0% (Aug 2024)	-9900
Kaynes Technology India Private Ltd.	Industrial products	8.5	0.00%	-0.01%	0.01% (Jun 2025)	0% (Aug 2024)	-1400
Birlasoft Ltd.	Computers - software & consulting	62	0.00%	-0.10%	0.1% (Jun 2025)	0% (Aug 2024)	-143000
Aarti Industries Ltd.	Specialty chemicals	163.9	0.00%	-0.25%	0.26% (Sep 2024)	0% (Aug 2024)	-341850
KPIT Technologies Ltd.	Computers - software & consulting	18.6	0.00%	-0.03%	0.03% (May 2025)	0% (Aug 2024)	-14800
Housing & Urban Development Corporation Ltd.	Financial institution	52.1	0.00%	-0.08%	0.12% (Dec 2024)	0% (Aug 2024)	-219225
Shree Cement Ltd.	Cement & cement products	180	0.00%	-0.28%	0.28% (Jun 2025)	0% (Aug 2024)	-5800
Indian Renewable Energy Development Agency Ltd.	Financial institution	9.4	0.00%	-0.01%	0.01% (Jun 2025)	0% (Aug 2024)	-55200
ICICI Lombard General Insurance Co Ltd.	General insurance	18.6	0.00%	-0.03%	0.03% (May 2025)	0% (Aug 2024)	-9100
Indus Towers Ltd.	Telecom - infrastructure	71.6	0.00%	-0.11%	0.49% (Nov 2024)	0% (Aug 2024)	-170000
Hindustan Copper Ltd.	Copper	652.8	0.00%	-1.01%	1.01% (Jun 2025)	0% (Aug 2024)	-2337300
- NHPC Ltd.	Power generation	0.6	0.00%	0.00%	0.09% (Mar 2025)	0% (Aug 2024)	-6400
Cummins India Ltd.	Compressors, pumps & diesel engines	60.5	0.00%	-0.09%	0.16% (Nov 2024)	0% (Aug 2024)	-17800

Trend in stock holdings (Top 15 Holding)

Stock	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024	Oct 2024	Sep 2024	Aug 2024	Jul 2024
Reliance Industries Ltd.	2.16%	2.00%	1.83%	2.44%	3.16%	3.71%	3.90%	3.78%	3.70%	3.16%	2.20%	2.05%	1.52%
HDFC Bank Ltd.	2.32%	2.39%	2.50%	2.65%	2.11%	1.95%	1.14%	0.68%	0.57%	1.03%	1.03%	3.00%	5.02%
Vodafone Idea Ltd.	1.60%	1.38%	1.19%	1.54%	1.59%	1.24%	1.29%	1.41%	2.28%	2.24%	1.47%	4.26%	4.50%
Bank Of Baroda	1.47%	1.52%	1.52%	1.91%	1.80%	1.51%	1.70%	1.95%	2.13%	1.98%	1.88%	2.04%	1.97%
Kotak Mahindra Bank Ltd.	1.85%	1.81%	1.69%	1.80%	1.76%	2.01%	2.15%	1.94%	1.84%	1.54%	1.62%	1.76%	1.11%
Vedanta Ltd.	0.76%	0.75%	0.68%	1.06%	1.58%	1.61%	1.92%	1.91%	2.19%	2.69%	2.06%	1.83%	2.30%
Axis Bank Ltd.	1.53%	1.61%	1.83%	1.86%	1.83%	2.06%	1.69%	1.51%	1.64%	1.34%	1.01%	1.22%	1.35%
Bajaj Finance Ltd.	1.26%	1.70%	1.73%	1.30%	1.22%	1.64%	1.42%	1.24%	1.32%	1.40%	1.73%	1.83%	1.06%
Larsen & Toubro Ltd.	1.46%	1.40%	1.41%	1.41%	1.06%	1.21%	1.36%	1.43%	1.31%	1.28%	1.40%	2.01%	1.85%
Adani Enterprises Ltd.	1.22%	1.27%	1.21%	1.17%	1.21%	1.05%	1.15%	1.27%	1.28%	1.96%	2.00%	1.72%	1.96%
Infosys Ltd.	0.37%	1.17%	1.85%	1.92%	1.93%	1.99%	1.29%	1.82%	1.80%	1.76%	1.72%	0.80%	0.03%
Tata Consultancy Services Ltd.	2.96%	2.50%	2.17%	2.33%	1.39%	1.21%	0.86%	0.53%	0.82%	1.00%	0.88%	0.52%	0.69%
State Bank Of India	0.94%	0.98%	0.98%	0.44%	1.49%	1.39%	1.62%	1.58%	1.53%	1.50%	1.34%	1.70%	2.10%
Tata Power Co. Ltd.	1.21%	1.21%	1.15%	1.19%	1.18%	1.03%	1.20%	1.19%	1.22%	1.30%	1.50%	1.72%	1.88%
ICICI Bank Ltd.	1.75%	1.66%	1.62%	2.01%	2.06%	2.11%	1.69%	1.11%	1.22%	0.32%	0.23%	0.74%	0.37%

No of Debt Holding 23 (Category Avg - 10.78) | Modified Duration 0.36 Years (Category Avg - 0.36)| Yield to Maturity 5.96% (Category Avg - 5.89%)

Portfolio Summary (as on 31st Jul,2025)

Security Type	% Weight	Category Average
GOI	0.00%	1.22%
CD	11.10%	2.31%
T-Bills	0.39%	1.80%
CP	0.00%	1.19%
NCD & Bonds	3.38%	2.90%

Category - Arbitrage Fund

Security Type	% Weight	Category Average
Government Backed	0.39%	3.02%
Low Risk	14.48%	6.38%
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 - Arbitrage Fund

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

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	994.54	1.61%	2.00 k
Bond - HDFC Bank Ltd.	CD	Private sector bank	P1+	CRISIL	984.88	1.60%	2.00 k
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	745.11	1.21%	1.50 k
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	520.74	0.84%	500.00
Bond - Mahindra & Mahindra Financial Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	518.38	0.84%	5.00 k
Bond - HDFC Bank Ltd.	CD	Private sector bank	P1+	CRISIL	490.01	0.79%	1.00 k
Bond - HDFC Bank Ltd.	CD	Private sector bank	P1+	CRISIL	479.92	0.78%	1.00 k
Bond - Small Industries Development Bank Of India	CD	Financial institution	P1+	CRISIL	477.36	0.77%	1.00 k
Bond - Union Bank Of India	CD	Public sector bank	A1+	ICRA	473.47	0.77%	1.00 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	269.17	0.44%	2.50 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	263.05	0.43%	250.00
Bond - Kotak Mahindra Prime Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	260.33	0.42%	250.00
Bond - Bajaj Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	255.29	0.41%	2.50 k
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	247.25	0.40%	500.00
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	245.90	0.40%	500.00
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	244.99	0.40%	500.00
Bond - Punjab National Bank	CD	Public sector bank	P1+	CRISIL	244.75	0.40%	500.00
Bond - Union Bank Of India	CD	Public sector bank	A1+	ICRA	244.49	0.40%	500.00
Bond - Export Import Bank Of India	CD	Financial institution	P1+	CRISIL	244.03	0.40%	500.00
Bond - Indian Bank	CD	Public sector bank	P1+	CRISIL	243.56	0.39%	500.00
Bond - Union Bank Of India	CD	Public sector bank	A1+	ICRA	242.53	0.39%	500.00
Bond - Export Import Bank Of India	CD	Financial institution	P1+	CRISIL	240.82	0.39%	500.00
Bond - T-Bill	T-Bills	Other			243.36	0.39%	25.00 L