Franklin India Small Cap Fund - Direct - 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 : Small Cap Fund

Fund House : Franklin Templeton Mutual Fund

Portfolio Turnover Ratio : 25.00%. Category average turnover ratio is 83.69%. 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 : 97.05% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 97.05%

No of Stocks : 100 (Category Avg - 88.25) | Large Cap Investments : 1.24%| Mid Cap Investments : 14.82% | Small Cap Investments : 39.45% | Other : 41.54%

Portfolio Summary (as on 30th Nov,2025)

Particulars	This Scheme	Category
No. of Stocks	100	88.12
Top 5 Stock Weight	11.74%	14.95%
Top 10 Stock Weight	21.28%	25.76%
Top 3 Sector Weight	21.79%	20.31%

Category - Small Cap Fund

Particulars	This Scheme	Category
Average mcap (Cr)	6292.41	10068.26
Holdings in large cap stocks	1.24%	3.02%
Holdings in mid cap stocks	14.82%	9.66%
Holdings in small cap stocks	39.45%	43.98%

Category - Small Cap Fund

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

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Brigade Enterprises Ltd.	Residential, commercial projects	3462.9	2.56%	-0.35%	3.52% (Jan 2025)	2.56% (Nov 2025)	38.69 L	0.00
Syrma SGS Technology Ltd.	Industrial products	3195.6	2.36%	-0.01%	2.37% (Oct 2025)	1.14% (Feb 2025)	38.96 L	-1.28 L
Aster DM Healthcare Ltd.	Hospital	3111.5	2.30%	-0.46%	3.28% (May 2025)	2.3% (Nov 2025)	46.76 L	-9.42 L
Equitas Small Finance Bank Ltd.	Other bank	3083.8	2.28%	0.29%	2.57% (Apr 2025)	1.82% (Aug 2025)	4.81 Cr	0.00
CCL Products (India) Ltd.	Tea & coffee	3036.2	2.24%	0.21%	2.24% (Nov 2025)	1.38% (Jan 2025)	30.10 L	-2.50 L
Eris Lifesciences Ltd.	Pharmaceuticals	2978.3	2.20%	0.05%	2.53% (Aug 2025)	1.78% (Jan 2025)	18.67 L	0.00
J.b. Chemicals & Pharmaceuticals Ltd.	Pharmaceuticals	2566.1	1.90%	0.13%	2.12% (Feb 2025)	1.74% (Jun 2025)	14.49 L	0.00
Zensar Technologies Ltd.	Computers - software & consulting	2529.8	1.87%	0.01%	2.21% (Jan 2025)	1.58% (Dec 2024)	33.75 L	1.54 L
Kalyan Jewellers India Ltd.	Gems, jewellery and watches	2508.3	1.85%	0.02%	2.7% (Dec 2024)	1.7% (Sep 2025)	49.63 L	0.00
Sobha Ltd.	Residential, commercial projects	2326.1	1.72%	-0.06%	1.78% (Oct 2025)	1.23% (Jan 2025)	15.13 L	0.00

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

View complete holding

Complete equity Portfolio (as on 30th Nov,2025)

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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
Brigade Enterprises Ltd.	Residential, commercial projects	4.28	3462.9	2.56%	-0.35%	3.52% (Jan 2025)	2.56% (Nov 2025)	38.69 L	0.00	Small Cap	39.45
Syrma SGS Technology Ltd.	Industrial products	3.4	3195.6	2.36%	-0.01%	2.37% (Oct 2025)	1.14% (Feb 2025)	38.96 L	-1.28 L	Other	41.54
Aster DM Healthcare Ltd.	Hospital	2.3	3111.5	2.30%	-0.46%	3.28% (May 2025)	2.3% (Nov 2025)	46.76 L	-9.42 L	Small Cap	39.45
Equitas Small Finance Bank Ltd.	Other bank	3.64	3083.8	2.28%	0.29%	2.57% (Apr 2025)	1.82% (Aug 2025)	4.81 Cr	0.00	Other	41.54
CCL Products (India) Ltd.	Tea & coffee	2.24	3036.2	2.24%	0.21%	2.24% (Nov 2025)	1.38% (Jan 2025)	30.10 L	-2.50 L	Small Cap	39.45
Eris Lifesciences Ltd.	Pharmaceuticals	5.18	2978.3	2.20%	0.05%	2.53% (Aug 2025)	1.78% (Jan 2025)	18.67 L	0.00	Small Cap	39.45
J.b. Chemicals & Pharmaceuticals Ltd.	Pharmaceuticals	5.18	2566.1	1.90%	0.13%	2.12% (Feb 2025)	1.74% (Jun 2025)	14.49 L	0.00	Other	41.54
Zensar Technologies Ltd.	Computers - software & consulting	4.31	2529.8	1.87%	0.01%	2.21% (Jan 2025)	1.58% (Dec 2024)	33.75 L	1.54 L	Small Cap	39.45
Kalyan Jewellers India Ltd.	Gems, jewellery and watches	1.85	2508.3	1.85%	0.02%	2.7% (Dec 2024)	1.7% (Sep 2025)	49.63 L	0.00	Other	41.54
Sobha Ltd.	Residential, commercial projects	4.28	2326.1	1.72%	-0.06%	1.78% (Oct 2025)	1.23% (Jan 2025)	15.13 L	0.00	Small Cap	39.45
Cesc Ltd.	Integrated power utilities	2.71	2284.7	1.69%	-0.06%	1.75% (Oct 2025)	0.97% (Jan 2025)	1.34 Cr	0.00	Other	41.54
DCB Bank Ltd.	Private sector bank	8.19	2239.4	1.66%	0.26%	1.66% (Nov 2025)	1.05% (Dec 2024)	1.22 Cr	0.00	Small Cap	39.45
Deepak Nitrite Ltd.	Specialty chemicals	3.81	2163.3	1.60%	-0.14%	2.51% (Jan 2025)	1.6% (Nov 2025)	13.88 L	0.00	Small Cap	39.45
Lemon Tree Hotels Ltd.	Hotels & resorts	2.12	2137.3	1.58%	-0.04%	1.88% (Aug 2025)	1.55% (Jun 2025)	1.35 Cr	0.00	Small Cap	39.45
Kirloskar Oil Engines Ltd.	Compressors, pumps & diesel engines	2.29	2118.1	1.57%	0.51%	1.57% (Nov 2025)	0.62% (Feb 2025)	18.83 L	4.25 L	Small Cap	39.45
K.P.R. Mill Ltd.	Other textile products	1.53	2069.4	1.53%	-0.04%	1.69% (May 2025)	1.46% (Dec 2024)	19.17 L	-1.13 L	Other	41.54
PNB Housing Finance Ltd.	Housing finance company	1.51	2042.8	1.51%	-0.01%	1.79% (Jun 2025)	0.78% (Dec 2024)	22.56 L	0.00	Mid Cap	14.82
Medplus Health Services Ltd.	Pharmacy retail	1.45	1967.4	1.45%	0.11%	1.74% (May 2025)	1.3% (Jan 2025)	24.33 L	0.00	Other	41.54
Intellect Design Arena ltd.	Computers - software & consulting	4.31	1954	1.44%	-0.16%	1.69% (May 2025)	1.13% (Mar 2025)	17.56 L	-2.00 L	Small Cap	39.45
Amara Raja Batteries Limited	Auto components & equipments	8.42	1931.6	1.43%	-0.05%	1.58% (Feb 2025)	1.25% (Jun 2025)	20.29 L	0.00	Mid Cap	14.82
Ujjivan Small Finance Bank Ltd.	Other bank	3.64	1842.2	1.36%	0.09%	1.36% (Nov 2025)	0% (Dec 2024)	3.38 Cr	0.00	Other	41.54
Crompton Greaves Consumer Electricals Ltd.	Household appliances	2.98	1830.9	1.35%	-0.06%	2.04% (Mar 2025)	1.35% (Nov 2025)	69.00 L	0.00	Mid Cap	14.82
Karur Vysya Bank Ltd	Private sector bank	8.19	1765	1.30%	-0.01%	2.65% (Jun 2025)	1.18% (Sep 2025)	71.18 L	-3.11 L	Small Cap	39.45
City Union Bank Ltd.	Private sector bank	8.19	1693.1	1.25%	-0.05%	1.3% (Oct 2025)	0.82% (Dec 2024)	62.46 L	-0.16 Cr	Mid Cap	14.82
Whirlpool Of India Ltd.	Household appliances	2.98	1688.6	1.25%	-0.53%	1.78% (Oct 2025)	0% (Dec 2024)	15.75 L	-1.75 L	Mid Cap	14.82
Axis Bank Ltd.	Private sector bank	8.19	1671.7	1.24%	0.07%	1.24% (Nov 2025)	0% (Dec 2024)	13.06 L	0.00	Large Cap	1.24
Pricol Ltd.	Auto components & equipments	8.42	1620.3	1.20%	0.18%	1.2% (Nov 2025)	0.72% (Feb 2025)	25.99 L	-0.41 L	Small Cap	39.45
V-Mart Retail Ltd.	Diversified retail	1.16	1565.3	1.16%	-0.05%	1.3% (Apr 2025)	0.77% (Dec 2024)	20.00 L	0.00	Small Cap	39.45
Data Patterns India Ltd.	Aerospace & defense	3.17	1555.9	1.15%	0.11%	1.15% (Nov 2025)	0.54% (Feb 2025)	5.24 L	0.00	Other	41.54
RBL Bank Ltd.	Private sector bank	8.19	1549.5	1.15%	-0.24%	1.38% (Oct 2025)	0% (Dec 2024)	49.60 L	-8.90 L	Mid Cap	14.82
S.J.S. Enterprises Ltd.	Auto components & equipments	8.42	1520.3	1.12%	0.07%	1.2% (Sep 2025)	0.81% (Apr 2025)	8.97 L	0.00	Other	41.54
Kajaria Ceramics Ltd.	Ceramics	1.11	1501.4	1.11%	-0.12%	1.23% (Oct 2025)	0% (Dec 2024)	14.07 L	0.00	Small Cap	39.45
Angel One Ltd.	Stockbroking & allied	1.1	1483.2	1.10%	0.57%	1.1% (Nov 2025)	0.47% (Sep 2025)	5.49 L	2.55 L	Other	41.54
PG Electroplast Ltd.	Consumer electronics	1.07	1450.5	1.07%	0.36%	1.07% (Nov 2025)	0% (Dec 2024)	24.55 L	7.44 L	Other	41.54
Emami Ltd.	Personal care	1.07	1441.3	1.07%	0.01%	1.37% (Apr 2025)	1.05% (Oct 2025)	27.17 L	0.00	Mid Cap	14.82
Sona BLW Precision Forgings Ltd.	Auto components & equipments	8.42	1391.4	1.03%	0.35%	1.03% (Nov 2025)	0% (Dec 2024)	27.19 L	7.27 L	Other	41.54
Tata Power Co. Ltd.	Integrated power utilities	2.71	1384.9	1.02%	-0.02%	1.11% (Mar 2025)	0.85% (Dec 2024)	35.50 L	0.00	Mid Cap	14.82
HDFC Bank Ltd.	Private sector bank	8.19	1382.7	1.02%	-0.46%	1.59% (Feb 2025)	1.02% (Nov 2025)	13.72 L	-7.00 L	Other	41.54
Metropolis Healthcare Ltd.	Healthcare service provider	1.02	1381.6	1.02%	-0.11%	1.3% (Aug 2025)	0.96% (Jun 2025)	7.15 L	-0.75 L	Other	41.54
MTAR Technologies Ltd.	Aerospace & defense	3.17	1364.6	1.01%	0.15%	1.01% (Nov 2025)	0% (Dec 2024)	5.39 L	75.00 k	Other	41.54
# Hindustan Aeronautics Ltd.	Aerospace & defense	3.17	1362.7	1.01%	1.01%	1.01% (Nov 2025)	0% (Dec 2024)	3.00 L	3.00 L	Other	41.54
The Ramco Cements Ltd.	Cement & cement products	2.45	1355.4	1.00%	0.01%	1.23% (Jul 2025)	0.72% (Dec 2024)	13.06 L	0.00	Mid Cap	14.82
WABCO India Ltd.	Auto components & equipments	8.42	1306.4	0.97%	0.07%	1.05% (Aug 2025)	0% (Dec 2024)	98.94 k	0.00	Mid Cap	14.82
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	0.96	1304.5	0.96%	0.00%	1.56% (Jun 2025)	0.84% (Dec 2024)	1.29 L	-0.15 L	Small Cap	39.45
IIFL Finance Ltd.	Non banking financial company (nbfc)	2.29	1282.1	0.95%	0.09%	0.95% (Nov 2025)	0% (Dec 2024)	22.15 L	0.00	Small Cap	39.45
Sapphire Foods India Ltd.	Restaurants	1.19	1274.9	0.94%	-0.12%	1.41% (Feb 2025)	0.94% (Nov 2025)	51.26 L	0.00	Other	41.54
Finolex Industries Ltd.	Plastic products - industrial	1.38	1261.4	0.93%	-0.03%	0.98% (Aug 2025)	0.71% (Apr 2025)	70.58 L	0.00	Other	41.54
- Teamlease Services Ltd.	Diversified commercial services	0.9	1218.4	0.90%	0.00%	1.15% (Dec 2024)	0.74% (Jul 2025)	7.40 L	0.00	Small Cap	39.45
Elecon Engineering Co. Ltd.	Industrial products	3.4	1198.3	0.89%	-0.08%	1.16% (May 2025)	0.87% (Feb 2025)	23.75 L	0.00	Other	41.54
Chemplast Sanmar Ltd.	Commodity chemicals	1.51	1197.8	0.89%	-0.33%	1.56% (Jan 2025)	0.89% (Nov 2025)	42.15 L	0.00	Other	41.54
Tata Steel Ltd.	Iron & steel products	1.75	1175.7	0.87%	-0.06%	0.93% (Oct 2025)	0% (Dec 2024)	70.00 L	0.00	Other	41.54
Jubilant Ingrevia Ltd.	Specialty chemicals	3.81	1132.9	0.84%	0.04%	0.94% (Dec 2024)	0.77% (Sep 2025)	16.00 L	0.00	Other	41.54
J K Lakshmi Cement Ltd.	Cement & cement products	2.45	1130.5	0.84%	-0.10%	1.48% (Mar 2025)	0.84% (Nov 2025)	14.90 L	0.00	Small Cap	39.45
Ahluwalia Contracts (India) Ltd.	Civil construction	2.01	1117.8	0.83%	0.04%	0.85% (Sep 2025)	0.65% (Feb 2025)	11.23 L	-0.16 L	Small Cap	39.45
# Tenneco Clean Air India Ltd.	Auto components & equipments	8.42	1113.1	0.82%	0.82%	0.82% (Nov 2025)	0% (Dec 2024)	23.00 L	23.00 L	Other	41.54
SBFC Finance Ltd.	Non banking financial company (nbfc)	2.29	1078	0.80%	-0.13%	0.93% (May 2025)	0.51% (Dec 2024)	99.46 L	-0.13 Cr	Other	41.54
- Exide Industries Ltd.	Auto components & equipments	8.42	1075.3	0.79%	0.00%	0.89% (Feb 2025)	0.79% (Oct 2025)	28.69 L	0.00	Mid Cap	14.82
Carborundum Universal Ltd.	Abrasives & bearings	0.77	1039.3	0.77%	-0.12%	1.26% (Jan 2025)	0.77% (Nov 2025)	12.13 L	-1.50 L	Small Cap	39.45
Cyient Ltd.	It enabled services	0.76	1023.5	0.76%	-0.01%	1.19% (Dec 2024)	0.76% (Nov 2025)	9.11 L	0.00	Small Cap	39.45
Kirloskar Pneumatic Co. Ltd.	Compressors, pumps & diesel engines	2.29	979.4	0.72%	-0.01%	1.09% (Dec 2024)	0.72% (Nov 2025)	9.01 L	0.00	Small Cap	39.45
Atul Ltd.	Specialty chemicals	3.81	969.2	0.72%	0.03%	0.89% (Apr 2025)	0.66% (Jan 2025)	1.65 L	0.00	Mid Cap	14.82
Akums Drugs And Pharmaceuticals Ltd.	Pharmaceuticals	5.18	949.9	0.70%	-0.04%	0.94% (May 2025)	0.7% (Nov 2025)	22.30 L	0.00	Other	41.54
# Pine Labs Ltd.	Financial technology (fintech)	0.69	939.9	0.69%	0.69%	0.69% (Nov 2025)	0% (Dec 2024)	37.63 L	37.63 L	Other	41.54
Ceat Ltd.	Tyres & rubber products	0.69	930.5	0.69%	-0.13%	0.82% (Oct 2025)	0% (Dec 2024)	2.42 L	-0.39 L	Small Cap	39.45
Gujarat State Petronet Ltd.	Gas transmission/marketing	0.66	898.5	0.66%	-0.04%	0.7% (Oct 2025)	0.44% (Aug 2025)	31.25 L	0.00	Mid Cap	14.82
Syngene International Ltd.	Healthcare research, analytics & technology	0.65	885.2	0.65%	0.01%	0.65% (Nov 2025)	0% (Dec 2024)	13.65 L	0.00	Mid Cap	14.82
Greenpanel Industries Ltd.	Plywood boards/ laminates	0.65	874.2	0.65%	-0.08%	0.72% (Oct 2025)	0% (Dec 2024)	35.08 L	0.00	Other	41.54
Vishnu Chemicals Ltd.	Specialty chemicals	3.81	873.4	0.65%	0.02%	0.68% (Jul 2025)	0.33% (Dec 2024)	16.59 L	0.00	Other	41.54
Delhivery Ltd.	Logistics solution provider	1.23	852.4	0.63%	-0.05%	0.7% (Aug 2025)	0% (Dec 2024)	20.00 L	0.00	Other	41.54
GHCL Ltd.	Commodity chemicals	1.51	833.7	0.62%	-0.06%	0.82% (Jan 2025)	0.6% (Aug 2025)	14.49 L	0.00	Small Cap	39.45
Ion Exchange (india) Ltd.	Civil construction	2.01	826.2	0.61%	-0.07%	1.25% (Dec 2024)	0.61% (Nov 2025)	23.57 L	0.00	Other	41.54
- India Cements Ltd.	Cement & cement products	2.45	820.3	0.61%	0.00%	0.61% (Oct 2025)	0% (Dec 2024)	20.88 L	0.00	Small Cap	39.45
Gateway Rail Freight Ltd.	Logistics solution provider	1.23	811.6	0.60%	-0.04%	0.82% (Jan 2025)	0.6% (Nov 2025)	1.38 Cr	0.00	Other	41.54
Go Fashion (India) Ltd.	Speciality retail	2.52	808.7	0.60%	-0.13%	0.93% (Jul 2025)	0% (Dec 2024)	15.60 L	0.00	Other	41.54
Shankara Buildpro Ltd.	Speciality retail	2.52	801.7	0.59%	0.01%	0.6% (Sep 2025)	0% (Dec 2024)	10.71 L	0.00	Other	41.54
KNR Constructions	Civil construction	2.01	777.6	0.57%	-0.12%	1.3% (Dec 2024)	0.57% (Nov 2025)	48.54 L	-4.44 L	Small Cap	39.45
Electronics Mart lndia Ltd.	Speciality retail	2.52	775.8	0.57%	-0.06%	0.63% (Oct 2025)	0% (Dec 2024)	63.53 L	5.97 L	Other	41.54
South Indian Bank Ltd.	Private sector bank	8.19	768.8	0.57%	0.05%	0.57% (Nov 2025)	0% (Dec 2024)	1.94 Cr	0.00	Small Cap	39.45
Finolex Cables Ltd.	Cables - electricals	0.55	744.6	0.55%	-0.02%	0.84% (Dec 2024)	0.55% (Nov 2025)	9.94 L	0.00	Small Cap	39.45
- Ratnamani Metals & Tubes Ltd.	Iron & steel products	1.75	741.9	0.55%	0.00%	0.57% (Sep 2025)	0.46% (Jul 2025)	3.13 L	0.00	Small Cap	39.45
# Piramal Finance Ltd.	Non banking financial company (nbfc)	2.29	736.5	0.54%	0.54%	0.54% (Nov 2025)	0% (Dec 2024)	4.76 L	4.76 L	Other	41.54
KPIT Technologies Ltd.	Computers - software & consulting	4.31	730.5	0.54%	0.03%	1.07% (Jan 2025)	0.51% (Oct 2025)	5.98 L	0.00	Other	41.54
Brigade Hotel Ventures Ltd.	Hotels & resorts	2.12	724.1	0.54%	-0.03%	0.61% (Aug 2025)	0% (Dec 2024)	92.55 L	0.00	Other	41.54
Jyothy Laboratories Ltd.	Household products	0.49	665.1	0.49%	-0.13%	0.84% (Jan 2025)	0.49% (Nov 2025)	22.17 L	-5.00 L	Small Cap	39.45
Tube Investments Of India Ltd.	Auto components & equipments	8.42	642.4	0.47%	-0.20%	0.8% (Jan 2025)	0.47% (Nov 2025)	2.31 L	-0.79 L	Small Cap	39.45
Birlasoft Ltd.	Computers - software & consulting	4.31	627.3	0.46%	0.02%	0.69% (Jan 2025)	0.44% (Sep 2025)	16.50 L	0.00	Small Cap	39.45
- Apollo Pipes Ltd.	Plastic products - industrial	1.38	606.8	0.45%	0.00%	0.68% (Jan 2025)	0.45% (Nov 2025)	20.23 L	0.00	Small Cap	39.45
Vedant Fashions Ltd.	Speciality retail	2.52	547.8	0.40%	-0.02%	0.5% (Aug 2025)	0% (Dec 2024)	9.01 L	0.00	Other	41.54
Vikram Solar Ltd.	Other electrical equipment	0.39	523	0.39%	-0.09%	0.51% (Aug 2025)	0% (Dec 2024)	20.00 L	0.00	Other	41.54
Indoco Remedies Ltd.	Pharmaceuticals	5.18	518.9	0.38%	-0.03%	0.47% (Jul 2025)	0.32% (Dec 2024)	20.26 L	0.00	Small Cap	39.45
TTK Prestige Ltd.	Household appliances	2.98	517.6	0.38%	-0.01%	0.46% (Dec 2024)	0.36% (Jun 2025)	8.04 L	0.00	Other	41.54
Aditya Vision Ltd.	Speciality retail	2.52	484	0.36%	-0.03%	0.39% (Sep 2025)	0% (Dec 2024)	9.24 L	0.00	Other	41.54
- Motherson Sumi Wiring India Ltd.	Auto components & equipments	8.42	482.9	0.36%	-0.01%	0.36% (Oct 2025)	0% (Dec 2024)	1.06 Cr	0.00	Other	41.54
Shivalik Bimetal Controls Ltd.	Iron & steel products	1.75	450.3	0.33%	-0.03%	0.42% (Dec 2024)	0.33% (Nov 2025)	10.31 L	0.00	Small Cap	39.45
SP Apparels Ltd.	Garments & apparels	0.32	432.9	0.32%	-0.01%	0.4% (Dec 2024)	0.32% (Nov 2025)	5.53 L	-0.60 L	Small Cap	39.45
Devyani International Ltd.	Restaurants	1.19	339.1	0.25%	-0.04%	0.37% (Feb 2025)	0.25% (Nov 2025)	25.00 L	0.00	Other	41.54
Rolex Rings Private Ltd.	Auto components & equipments	8.42	306.1	0.23%	-0.04%	0.42% (Jan 2025)	0.23% (Nov 2025)	30.00 L	0.00	Other	41.54
Stanley Lifestyles Ltd.	Furniture, home furnishing	0.17	234.9	0.17%	-0.08%	0.38% (Dec 2024)	0.17% (Nov 2025)	10.48 L	-2.01 L	Other	41.54
- Music Broadcast Ltd. - Preference Shares	Media & entertainment	0.16	221.4	0.16%	0.00%	0.18% (Feb 2025)	0.14% (Dec 2024)	18.92 L	0.00	Other	41.54
Pitti Engineering Ltd.	Industrial products	3.4	206.4	0.15%	-0.01%	0.22% (Dec 2024)	0.15% (Nov 2025)	2.37 L	0.00	Small Cap	39.45
India Shelter Finance Corporation Ltd.	Housing finance company	1.51	130.3	0.00%	-0.09%	-	-	-	-	Other	41.54
Oil & Natural Gas Corporation Ltd.	Oil exploration & production		1404.5	0.00%	-1.02%	-	-	-	-	Large Cap	1.24
PB Fintech Ltd.	Financial technology (fintech)	0.69	1137.2	0.00%	-0.82%	-	-	-	-	Other	41.54
Praj Industries Ltd.	Industrial products	3.4	369.7	0.00%	-0.27%	-	-	-	-	Small Cap	39.45
360 ONE WAM Ltd.	Other financial services		538.8	0.00%	-0.39%	-	-	-	-	Other	41.54

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

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

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Tenneco Clean Air India Ltd.	Auto components & equipments	1113.1	0.82%	0.82%	0.82% (Nov 2025)	0% (Dec 2024)	23.00 L	2300000
# Pine Labs Ltd.	Financial technology (fintech)	939.9	0.69%	0.69%	0.69% (Nov 2025)	0% (Dec 2024)	37.63 L	3763252
# Piramal Finance Ltd.	Non banking financial company (nbfc)	736.5	0.54%	0.54%	0.54% (Nov 2025)	0% (Dec 2024)	4.76 L	475552
# Hindustan Aeronautics Ltd.	Aerospace & defense	1362.7	1.01%	1.01%	1.01% (Nov 2025)	0% (Dec 2024)	3.00 L	300000

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

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	1M Change in Qty
India Shelter Finance Corporation Ltd.	Housing finance company	130.3	0.00%	-0.09%	0.66% (Apr 2025)	0% (Dec 2024)	-147432
Oil & Natural Gas Corporation Ltd.	Oil exploration & production	1404.5	0.00%	-1.02%	1.02% (Oct 2025)	0% (Dec 2024)	-5500000
PB Fintech Ltd.	Financial technology (fintech)	1137.2	0.00%	-0.82%	1.05% (Dec 2024)	0% (Dec 2024)	-636952
Praj Industries Ltd.	Industrial products	369.7	0.00%	-0.27%	1.02% (Dec 2024)	0% (Dec 2024)	-1095186
360 ONE WAM Ltd.	Other financial services	538.8	0.00%	-0.39%	2.19% (Dec 2024)	0% (Dec 2024)	-498548

Trend in stock holdings (Top 15 Holding)

Stock	Nov 2025	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024
Brigade Enterprises Ltd.	2.56%	2.91%	2.61%	2.68%	2.82%	3.07%	3.13%	3.18%	3.16%	3.25%	3.52%	3.42%	3.42%
Aster DM Healthcare Ltd.	2.30%	2.76%	3.18%	3.04%	3.21%	3.12%	3.28%	3.23%	3.24%	2.87%	3.06%	3.10%	3.02%
Equitas Small Finance Bank Ltd.	2.28%	1.99%	2.07%	1.82%	2.06%	2.30%	2.26%	2.57%	2.21%	2.43%	2.49%	2.19%	2.13%
Eris Lifesciences Ltd.	2.20%	2.15%	2.23%	2.53%	2.43%	2.25%	2.18%	2.13%	2.21%	1.96%	1.78%	1.82%	1.91%
Deepak Nitrite Ltd.	1.60%	1.74%	1.92%	1.87%	1.85%	1.97%	2.08%	2.14%	2.30%	2.28%	2.51%	2.46%	2.70%
Karur Vysya Bank Ltd	1.30%	1.31%	1.18%	1.23%	2.01%	2.65%	2.29%	2.44%	2.45%	2.50%	2.62%	2.38%	2.59%
Kalyan Jewellers India Ltd.	1.85%	1.83%	1.70%	1.88%	2.14%	1.97%	2.05%	2.05%	1.94%	2.04%	1.94%	2.70%	2.56%
J.b. Chemicals & Pharmaceuticals Ltd.	1.90%	1.77%	1.87%	1.88%	1.85%	1.74%	1.79%	1.86%	1.96%	2.12%	1.99%	1.90%	1.79%
Zensar Technologies Ltd.	1.87%	1.86%	1.85%	1.86%	1.88%	1.94%	1.98%	1.85%	1.79%	2.01%	2.21%	1.58%	1.60%
CCL Products (India) Ltd.	2.24%	2.03%	2.08%	2.14%	2.01%	1.98%	2.13%	1.44%	1.42%	1.54%	1.38%	1.51%	1.61%
Crompton Greaves Consumer Electricals Ltd.	1.35%	1.41%	1.52%	1.71%	1.61%	1.75%	1.80%	1.86%	2.04%	1.97%	1.84%	1.94%	2.01%
Syrma SGS Technology Ltd.	2.36%	2.37%	2.33%	2.28%	2.14%	1.59%	1.41%	1.18%	1.19%	1.14%	1.28%	1.30%	1.25%
ICICI Bank Ltd.	-	-	-	-	-	1.35%	1.40%	1.78%	1.98%	1.88%	1.71%	1.60%	1.63%
Lemon Tree Hotels Ltd.	1.58%	1.62%	1.69%	1.88%	1.68%	1.55%	1.59%	1.69%	1.66%	1.67%	1.64%	1.68%	1.44%
K.P.R. Mill Ltd.	1.53%	1.57%	1.63%	1.51%	1.67%	1.66%	1.69%	1.64%	1.56%	1.47%	1.49%	1.46%	1.44%