HDFC Multi-Asset Allocation Fund - 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 : 266.23%. Category average turnover ratio is 351.87%. 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 : 66.49% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 66.49%

No of Stocks : 76 (Category Avg - 68.76) | Large Cap Investments : 47.3%| Mid Cap Investments : 3.08% | Small Cap Investments : 3.41% | Other : 12.7%

Portfolio Summary (as on 31st Dec,2025)

Particulars	This Scheme	Category
No. of Stocks	76	65.82
Top 5 Stock Weight	21.72%	16.31%
Top 10 Stock Weight	30.81%	25.03%
Top 3 Sector Weight	26.28%	19.11%

Category - Multi Asset Allocation

Particulars	This Scheme	Category
Average mcap (Cr)	127792.66	74170.52
Holdings in large cap stocks	47.3%	30.09%
Holdings in mid cap stocks	3.08%	5.96%
Holdings in small cap stocks	3.41%	4.35%

Category - Multi Asset Allocation

Top 10 Stocks holding in Portfolio (as on 31st Dec,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	3166.7	5.80%	-0.16%	6.68% (Apr 2025)	5.58% (Sep 2025)	20.17 L	0.00
ICICI Bank Ltd.	Private sector bank	2988.9	5.47%	-0.36%	7.11% (Jul 2025)	4.79% (Feb 2025)	22.26 L	0.00
HDFC Bank Ltd.	Private sector bank	2618	4.80%	-0.22%	5.86% (Apr 2025)	4.8% (Dec 2025)	26.41 L	0.00
State Bank Of India	Public sector bank	1547	2.83%	-0.08%	2.91% (Nov 2025)	1.28% (Aug 2025)	15.75 L	0.00
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	1541.1	2.82%	-0.08%	2.92% (Oct 2025)	2.55% (Aug 2025)	7.32 L	0.00
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	1065.3	1.95%	0.47%	1.95% (Dec 2025)	1.23% (May 2025)	63.80 k	14.54 k
Axis Bank Ltd.	Private sector bank	1015.5	1.86%	0.05%	1.96% (Apr 2025)	1.55% (Aug 2025)	8.00 L	50.00 k
Infosys Ltd.	Computers - software & consulting	969.2	1.78%	0.01%	3.49% (Jan 2025)	1.71% (Sep 2025)	6.00 L	0.00
Tata Consultancy Services Ltd.	Computers - software & consulting	961.9	1.76%	-0.01%	3.7% (Jun 2025)	1.03% (Apr 2025)	3.00 L	0.00
Larsen & Toubro Ltd.	Civil construction	947.6	1.74%	-0.04%	1.78% (Nov 2025)	1.14% (Feb 2025)	2.32 L	0.00

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

View complete holding

Complete equity Portfolio (as on 31st Dec,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	6.22	3166.7	5.80%	-0.16%	6.68% (Apr 2025)	5.58% (Sep 2025)	20.17 L	0.00	Large Cap	47.3
ICICI Bank Ltd.	Private sector bank	14.29	2988.9	5.47%	-0.36%	7.11% (Jul 2025)	4.79% (Feb 2025)	22.26 L	0.00	Large Cap	47.3
HDFC Bank Ltd.	Private sector bank	14.29	2618	4.80%	-0.22%	5.86% (Apr 2025)	4.8% (Dec 2025)	26.41 L	0.00	Other	12.7
State Bank Of India	Public sector bank	2.83	1547	2.83%	-0.08%	2.91% (Nov 2025)	1.28% (Aug 2025)	15.75 L	0.00	Large Cap	47.3
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	2.82	1541.1	2.82%	-0.08%	2.92% (Oct 2025)	2.55% (Aug 2025)	7.32 L	0.00	Large Cap	47.3
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	4.56	1065.3	1.95%	0.47%	1.95% (Dec 2025)	1.23% (May 2025)	63.80 k	14.54 k	Large Cap	47.3
Axis Bank Ltd.	Private sector bank	14.29	1015.5	1.86%	0.05%	1.96% (Apr 2025)	1.55% (Aug 2025)	8.00 L	50.00 k	Large Cap	47.3
Infosys Ltd.	Computers - software & consulting	5.77	969.2	1.78%	0.01%	3.49% (Jan 2025)	1.71% (Sep 2025)	6.00 L	0.00	Large Cap	47.3
Tata Consultancy Services Ltd.	Computers - software & consulting	5.77	961.9	1.76%	-0.01%	3.7% (Jun 2025)	1.03% (Apr 2025)	3.00 L	0.00	Large Cap	47.3
Larsen & Toubro Ltd.	Civil construction	1.91	947.6	1.74%	-0.04%	1.78% (Nov 2025)	1.14% (Feb 2025)	2.32 L	0.00	Large Cap	47.3
Cipla Ltd.	Pharmaceuticals	4.52	818.9	1.50%	-0.06%	1.63% (Sep 2025)	0.67% (May 2025)	5.42 L	0.00	Large Cap	47.3
United Spirits Ltd.	Breweries & distilleries	1.42	775	1.42%	-0.05%	2.55% (Apr 2025)	1.42% (Dec 2025)	5.37 L	0.00	Large Cap	47.3
Kotak Mahindra Bank Ltd.	Private sector bank	14.29	770.4	1.41%	0.01%	1.43% (Oct 2025)	1.07% (Jul 2025)	3.50 L	0.00	Large Cap	47.3
Bajaj Finserv Ltd	Holding company	1.36	740.5	1.36%	-0.07%	1.47% (Jul 2025)	0% (Jan 2025)	3.63 L	0.00	Other	12.7
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	4.56	738.9	1.35%	-0.06%	3.45% (Jan 2025)	1.19% (Mar 2025)	1.99 L	0.00	Large Cap	47.3
Hyundai Motor India Ltd.	Passenger cars & utility vehicles	4.56	689.4	1.26%	-0.06%	1.57% (Sep 2025)	1.21% (Apr 2025)	3.00 L	0.00	Other	12.7
HCL Technologies Limited	Computers - software & consulting	5.77	649.3	1.19%	0.12%	1.19% (Dec 2025)	0.7% (Jul 2025)	4.00 L	50.00 k	Large Cap	47.3
Bajaj Finance Ltd.	Non banking financial company (nbfc)	1.03	562.5	1.03%	-0.09%	1.12% (Nov 2025)	0.7% (Aug 2025)	5.70 L	0.00	Other	12.7
- Titan Company Ltd.	Gems, jewellery and watches	0.98	537.4	0.98%	0.00%	1.19% (Jan 2025)	0.91% (Sep 2025)	1.33 L	0.00	Large Cap	47.3
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	4.52	524.9	0.96%	-0.09%	1.05% (Nov 2025)	0.56% (Aug 2025)	3.05 L	0.00	Large Cap	47.3
ITC Limited	Diversified fmcg	1.44	483.6	0.89%	-0.02%	1.22% (Mar 2025)	0.82% (Feb 2025)	12.00 L	0.00	Large Cap	47.3
- Bajaj Auto Ltd.	2/3 wheelers	1.86	467.2	0.86%	0.00%	0.88% (Sep 2025)	0.52% (Jul 2025)	50.00 k	0.00	Large Cap	47.3
HDFC Life Insurance Company Ltd.	Life insurance	1.57	449.9	0.82%	0.10%	0.82% (Aug 2025)	0.09% (Jan 2025)	6.00 L	1.00 L	Large Cap	47.3
Power Grid Corporation of India Ltd.	Power - transmission	0.78	423.4	0.78%	-0.03%	0.93% (Aug 2025)	0.51% (Jan 2025)	16.00 L	0.00	Large Cap	47.3
Lupin Ltd.	Pharmaceuticals	4.52	421.9	0.77%	-0.02%	0.79% (Nov 2025)	0.43% (Jun 2025)	2.00 L	0.00	Large Cap	47.3
DR. LAL PATHLABS Ltd.	Healthcare service provider	0.76	415.1	0.76%	0.01%	0.88% (Aug 2025)	0% (Jan 2025)	2.80 L	1.50 L	Small Cap	3.41
City Union Bank Ltd.	Private sector bank	14.29	407.1	0.75%	0.03%	0.75% (Dec 2025)	0.58% (Feb 2025)	14.00 L	0.00	Mid Cap	3.08
SBI Life Insurance Co Ltd.	Life insurance	1.57	407	0.75%	0.01%	0.83% (Apr 2025)	0.73% (Sep 2025)	2.00 L	0.00	Large Cap	47.3
ICICI Lombard General Insurance Co Ltd.	General insurance	0.93	392.4	0.72%	-0.02%	0.77% (Oct 2025)	0.53% (Feb 2025)	2.00 L	0.00	Large Cap	47.3
Eicher Motors Ltd.	2/3 wheelers	1.86	385.5	0.71%	0.01%	0.75% (Sep 2025)	0.61% (May 2025)	52.72 k	0.00	Other	12.7
Tata Steel Ltd.	Iron & steel products	0.99	381.2	0.70%	0.03%	0.86% (Mar 2025)	0.48% (Jan 2025)	21.17 L	0.00	Other	12.7
National Thermal Power Corporation Ltd.	Power generation	0.68	370.6	0.68%	-0.01%	0.82% (Mar 2025)	0.64% (Aug 2025)	11.25 L	0.00	Large Cap	47.3
Havells India Ltd.	Consumer electronics	0.89	356.2	0.65%	-0.03%	0.76% (Sep 2025)	0% (Jan 2025)	2.50 L	0.00	Large Cap	47.3
Hindalco Industries Ltd.	Aluminium	0.65	356.9	0.65%	-0.19%	1.28% (Mar 2025)	0.57% (Jan 2025)	4.03 L	-1.50 L	Large Cap	47.3
Apollo Hospitals Enterprises Ltd.	Hospital	0.61	331	0.61%	-0.04%	0.69% (Apr 2025)	0.45% (Jan 2025)	47.00 k	0.00	Mid Cap	3.08
Eternal Ltd.	E-retail/ e-commerce	0.6	325.3	0.60%	0.50%	0.6% (Dec 2025)	0% (Jan 2025)	11.70 L	10.00 L	Other	12.7
# Divis Laboratories Ltd.	Pharmaceuticals	4.52	319.6	0.59%	0.59%	0.59% (Dec 2025)	0% (Jan 2025)	50.00 k	50.00 k	Large Cap	47.3
Tech Mahindra Ltd.	Computers - software & consulting	5.77	318.2	0.58%	0.01%	0.58% (Dec 2025)	0% (Jan 2025)	2.00 L	0.00	Large Cap	47.3
Hindustan Unilever Ltd.	Diversified fmcg	1.44	301.1	0.55%	-0.05%	1.91% (Feb 2025)	0.55% (Dec 2025)	1.30 L	0.00	Large Cap	47.3
Ambuja Cements Ltd.	Cement & cement products	0.61	288.7	0.53%	-0.01%	0.59% (Sep 2025)	0.01% (Jul 2025)	5.19 L	0.00	Large Cap	47.3
Oil & Natural Gas Corporation Ltd.	Oil exploration & production	0.53	288.5	0.53%	-0.02%	0.64% (Jun 2025)	0.44% (Feb 2025)	12.00 L	0.00	Large Cap	47.3
InterGlobe Aviation Ltd.	Airline	0.46	253	0.46%	-0.21%	0.79% (Jun 2025)	0.46% (Dec 2025)	50.00 k	-0.10 L	Large Cap	47.3
CreditAccess Grameen Ltd.	Microfinance institutions	0.44	240.5	0.44%	-0.04%	0.52% (Oct 2025)	0% (Jan 2025)	1.89 L	0.00	Small Cap	3.41
Bharat Petroleum Corporation Ltd.	Refineries & marketing	6.22	230.4	0.42%	0.01%	0.51% (May 2025)	0.34% (Feb 2025)	6.00 L	0.00	Large Cap	47.3
Blue Dart Express Ltd.	Logistics solution provider	1.32	220.8	0.40%	0.02%	0.4% (Dec 2025)	0% (Jan 2025)	40.00 k	5.00 k	Small Cap	3.41
- Indus Towers Ltd.	Telecom - infrastructure	0.38	209.4	0.38%	0.00%	0.46% (Jun 2025)	0.27% (Jan 2025)	5.00 L	0.00	Large Cap	47.3
Delhivery Ltd.	Logistics solution provider	1.32	201.9	0.37%	-0.03%	0.5% (Aug 2025)	0.26% (Feb 2025)	5.00 L	0.00	Other	12.7
Whirlpool Of India Ltd.	Household appliances	0.36	197.8	0.36%	-0.03%	0.39% (Nov 2025)	0.22% (Mar 2025)	2.20 L	29.43 k	Mid Cap	3.08
Godrej Consumer Products Ltd	Personal care	0.34	183.3	0.34%	0.02%	0.48% (Jan 2025)	0.32% (Nov 2025)	1.50 L	0.00	Large Cap	47.3
Sonata Software Ltd.	Computers - software & consulting	5.77	177.4	0.32%	-0.01%	0.33% (Nov 2025)	0.16% (Mar 2025)	4.93 L	0.00	Small Cap	3.41
Suprajit Engineering Ltd.	Auto components & equipments	0.65	161.8	0.30%	-0.01%	0.37% (Jun 2025)	0.3% (Oct 2025)	3.49 L	0.00	Small Cap	3.41
Hero Motocorp Ltd.	2/3 wheelers	1.86	157.6	0.29%	-0.03%	0.32% (Nov 2025)	0% (Jan 2025)	27.30 k	0.00	Large Cap	47.3
Ipca Laboratories Ltd.	Pharmaceuticals	4.52	158.7	0.29%	-0.02%	0.37% (Mar 2025)	0.28% (Oct 2025)	1.12 L	0.00	Other	12.7
Jindal Steel Ltd.	Iron & steel products	0.99	158.1	0.29%	-0.01%	0.34% (Mar 2025)	0.29% (Dec 2025)	1.50 L	0.00	Mid Cap	3.08
Transport Corporation Of India Ltd.	Logistics solution provider	1.32	150.9	0.28%	-0.01%	0.38% (Jan 2025)	0.28% (Dec 2025)	1.40 L	0.00	Small Cap	3.41
Gateway Rail Freight Ltd.	Logistics solution provider	1.32	149.2	0.27%	-0.01%	0.35% (Jan 2025)	0.25% (Apr 2025)	25.00 L	0.00	Other	12.7
Bayer Cropscience Ltd.	Pesticides & agrochemicals	0.25	136.7	0.25%	-0.01%	0.41% (Jul 2025)	0.24% (Apr 2025)	30.00 k	0.00	Mid Cap	3.08
Gland Pharma Ltd.	Pharmaceuticals	4.52	137.8	0.25%	-0.02%	0.36% (Jul 2025)	0.25% (Dec 2025)	80.00 k	0.00	Other	12.7
Indraprastha Gas Ltd.	Lpg/cng/png/lng supplier	0.25	136.2	0.25%	-0.01%	0.41% (Jan 2025)	0.25% (Dec 2025)	7.00 L	0.00	Mid Cap	3.08
Prestige Estates Projects Ltd.	Residential, commercial projects	0.25	135.6	0.25%	-0.02%	0.31% (Jun 2025)	0% (Jan 2025)	85.00 k	0.00	Mid Cap	3.08
Orient Electric Ltd.	Consumer electronics	0.89	129.7	0.24%	-0.03%	0.36% (Apr 2025)	0.24% (Dec 2025)	7.36 L	0.00	Small Cap	3.41
- Paradeep Phosphates Ltd.	Fertilizers	0.24	131.8	0.24%	0.00%	0.49% (Jan 2025)	0.24% (Dec 2025)	8.00 L	0.00	Other	12.7
- CIE AUTOMOTIVE INDIA Ltd.	Auto components & equipments	0.65	127.4	0.23%	0.00%	0.36% (Jan 2025)	0% (Jan 2025)	3.00 L	0.00	Small Cap	3.41
Greenply Industries Ltd.	Plywood boards/ laminates	0.23	126.1	0.23%	-0.02%	0.35% (May 2025)	0.23% (Dec 2025)	4.70 L	0.00	Small Cap	3.41
- Great Eastern Shipping Co. Ltd.	Shipping	0.21	112.9	0.21%	0.00%	0.25% (Jan 2025)	0.2% (Sep 2025)	1.00 L	0.00	Small Cap	3.41
Star Health and Allied Insurance Co Ltd.	General insurance	0.93	113.8	0.21%	-0.02%	0.28% (Jan 2025)	0.21% (Dec 2025)	2.50 L	0.00	Other	12.7
UTI Asset Management Co. Pvt. Ltd.	Asset management company	0.21	113	0.21%	-0.01%	0.29% (Jul 2025)	0.14% (Apr 2025)	1.00 L	0.00	Other	12.7
G R Infraprojects Ltd.	Civil construction	1.91	91.6	0.17%	-0.02%	0.3% (Jan 2025)	0.17% (Dec 2025)	91.70 k	0.00	Other	12.7
- Biocon Ltd.	Pharmaceuticals	4.52	84.7	0.16%	0.00%	0.16% (Dec 2025)	0% (Jan 2025)	2.15 L	0.00	Mid Cap	3.08
- Tata Power Co. Ltd.	Integrated power utilities	0.16	84.8	0.16%	0.00%	0.16% (Dec 2025)	0.06% (Oct 2025)	2.23 L	0.00	Mid Cap	3.08
- Wipro Ltd.	Computers - software & consulting	5.77	79	0.14%	0.00%	0.64% (Jan 2025)	0.14% (Nov 2025)	3.00 L	0.00	Large Cap	47.3
Rolex Rings Private Ltd.	Auto components & equipments	0.65	64.4	0.12%	0.02%	0.23% (Jan 2025)	0.1% (Nov 2025)	5.00 L	0.00	Other	12.7
Chemplast Sanmar Ltd.	Commodity chemicals	0.1	52.2	0.10%	-0.01%	0.24% (Jan 2025)	0.1% (Dec 2025)	2.00 L	0.00	Other	12.7
- Ultratech Cement Ltd.	Cement & cement products	0.61	41.2	0.08%	0.00%	0.75% (Feb 2025)	0.02% (Sep 2025)	3.50 k	0.00	Large Cap	47.3
- Asian Paints (india) Ltd.	Paints	0.02	10.4	0.02%	0.00%	0.02% (Dec 2025)	0% (Jan 2025)	3.75 k	0.00	Large Cap	47.3
# Kwality Walls (India) Ltd.	Dairy products	0.01	5.2	0.01%	0.01%	0.01% (Dec 2025)	0% (Jan 2025)	1.30 L	1.30 L	Other	12.7
Bond - Punjab National Bank	Public sector bank	2.83	249.3	0.00%	-0.47%	-	-	-	-	Other	12.7

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

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

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Kwality Walls (India) Ltd.	Dairy products	5.2	0.01%	0.01%	0.01% (Dec 2025)	0% (Jan 2025)	1.30 L	130000
# Divis Laboratories Ltd.	Pharmaceuticals	319.6	0.59%	0.59%	0.59% (Dec 2025)	0% (Jan 2025)	50.00 k	50000

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

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Bond - Punjab National Bank	Public sector bank	249.3	0.00%	-0.47%	0% (Feb 2026)	0% (Feb 2026)	0.00	-500

Trend in stock holdings (Top 15 Holding)

Stock	Dec 2025	Nov 2025	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024
Reliance Industries Ltd.	5.80%	5.96%	5.82%	5.58%	5.80%	6.05%	6.66%	6.55%	6.68%	6.37%	5.84%	6.07%	3.69%
ICICI Bank Ltd.	5.47%	5.83%	5.82%	6.09%	6.60%	7.11%	4.85%	5.04%	5.13%	5.10%	4.79%	4.91%	4.85%
HDFC Bank Ltd.	4.80%	5.02%	5.06%	4.98%	5.21%	5.62%	5.69%	5.74%	5.86%	5.85%	5.83%	5.64%	5.96%
Bharti Airtel Ltd.	2.82%	2.90%	2.92%	2.79%	2.55%	2.63%	2.82%	2.70%	2.80%	2.74%	2.61%	2.83%	2.80%
Infosys Ltd.	1.78%	1.77%	1.73%	1.71%	2.77%	2.50%	2.71%	2.75%	2.72%	2.99%	3.38%	3.49%	3.50%
United Spirits Ltd.	1.42%	1.47%	1.49%	1.44%	1.77%	1.84%	2.00%	2.40%	2.55%	2.40%	2.32%	2.53%	2.89%
Axis Bank Ltd.	1.86%	1.81%	1.68%	1.61%	1.55%	1.61%	1.85%	1.91%	1.96%	1.91%	1.85%	1.65%	4.27%
State Bank Of India	2.83%	2.91%	2.73%	2.65%	1.28%	1.29%	1.35%	1.39%	1.39%	1.56%	1.47%	1.62%	1.59%
Tata Consultancy Services Ltd.	1.76%	1.77%	1.63%	1.41%	1.91%	1.78%	3.70%	3.26%	1.03%	1.13%	1.14%	1.33%	1.28%
Mahindra & Mahindra Ltd.	1.35%	1.41%	1.32%	1.35%	1.23%	1.25%	1.27%	1.23%	1.25%	1.19%	3.03%	3.45%	3.46%
Maruti Suzuki India Ltd.	1.95%	1.48%	1.55%	1.60%	1.54%	1.33%	1.33%	1.23%	1.26%	1.69%	1.84%	1.87%	1.39%
Hindustan Unilever Ltd.	0.55%	0.60%	0.62%	1.57%	1.89%	1.82%	1.69%	1.79%	1.85%	1.87%	1.91%	1.49%	1.18%
Bajaj Finserv Ltd	1.36%	1.43%	1.42%	1.43%	1.42%	1.47%	-	-	-	-	-	-	-
Hyundai Motor India Ltd.	1.26%	1.32%	1.42%	1.57%	1.57%	1.39%	1.47%	1.27%	1.21%	1.27%	1.35%	1.53%	1.67%
Larsen & Toubro Ltd.	1.74%	1.78%	1.31%	1.24%	1.27%	1.31%	1.35%	1.41%	1.32%	1.45%	1.14%	1.26%	1.24%

No of Debt Holding 34 (Category Avg - 18.48) | Modified Duration 2.05 Years (Category Avg - 2.53)| Yield to Maturity 6.19% (Category Avg - 6.48%)

Portfolio Summary (as on 31st Dec,2025)

Security Type	% Weight	Category Average
GOI	4.63%	7.10%
CD	0.00%	1.05%
T-Bills	0.91%	0.68%
CP	0.00%	0.40%
NCD & Bonds	5.48%	7.77%
PTC	0.46%	0.07%

Category - Multi Asset Allocation

Security Type	% Weight	Category Average
Government Backed	5.54%	7.78%
Low Risk	5.94%	9.13%
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 Dec,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Muthoot Finance Pvt. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA+	CRISIL	755.09	1.38%	7.50 k
Bond - Govt of India	GOI	Other			711.91	1.30%	69.00 L
Bond - T-Bill	T-Bills	Other			494.14	0.91%	50.00 L
Bond - Govt of India	GOI	Other			361.04	0.66%	35.00 L
Bond - State Bank Of India	NCD & Bonds	Public sector bank	AAA	CRISIL	350.01	0.64%	35.00
Bond - Siddhivinayak Securitisation Trust	PTC	Ptc	AAA	CRISIL	251.45	0.46%	25.00
Bond - Govt of India	GOI	Other			251.14	0.46%	25.00 L
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	253.12	0.46%	2.50 k
Bond - SMFG India Credit Ltd.	NCD & Bonds	Non banking financial company (nbfc)	CARE AAA	CARE	252.92	0.46%	2.50 k
Bond - Govt of India	GOI	Other			220.22	0.40%	25.16 L
Bond - Cholamandalam Investment & Finance Co. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA+	ICRA	205.73	0.38%	2.00 k
Bond - Govt of India	GOI	Other			154.29	0.28%	15.00 L
Bond - Govt of India	GOI	Other			154.71	0.28%	15.00 L
Bond - Govt of India	GOI	Other			153.75	0.28%	15.00 L
Bond - Govt of India	GOI	Other			153.56	0.28%	15.00 L
Bond - Govt of India	GOI	Other			152.62	0.28%	15.00 L
Bond - Bharti Telecom Ltd.	NCD & Bonds	Telecom - equipment & accessories	AAA	CRISIL	152.10	0.28%	1.50 k
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	153.10	0.28%	1.50 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	153.52	0.28%	1.50 k
Bond - Govt of India	GOI	Other			102.72	0.19%	10.00 L
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	104.80	0.19%	100.00
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	LAAA	ICRA	102.17	0.19%	1.00 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	101.33	0.19%	1.00 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	LAAA	ICRA	76.01	0.14%	750.00
Bond - Pipeline Infrastructure Private Ltd.	NCD & Bonds	Gas transmission/marketing	AAA	CRISIL	61.26	0.11%	600.00
Bond - Bank Of Baroda	NCD & Bonds	Public sector bank	AAA	CRISIL	50.12	0.09%	5.00
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	50.50	0.09%	500.00
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	50.57	0.09%	500.00
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	50.74	0.09%	500.00
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	50.79	0.09%	500.00
Bond - Govt of India	GOI	Other			49.95	0.09%	5.00 L
Bond - Govt of India	GOI	Other			49.85	0.09%	5.00 L
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	LAAA	ICRA	25.27	0.05%	250.00
Bond - Govt of India	GOI	Other			20.50	0.04%	2.00 L

Name	Type of Instrument	Weight (%)
MF Units	MF Units	12.07%
TREPS	TREPS	8.45%
Embassy Office Parks Reit	InvITs	0.72%
Brookfield India Real Estate Trust	InvITs	0.61%
Nexus Select Trust	InvITs	0.37%
Powergrid Infrastructure Investment Trust	InvITs	0.26%
Net Receivables	Net Receivables	-0.45%