HSBC Multi Cap Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Multi Cap Fund

Portfolio Turnover Ratio : 38.00%. Category average turnover ratio is 350.13%. 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 : 98.81% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 98.81%

No of Stocks : 94 (Category Avg - 84.79) | Large Cap Investments : 29.44%| Mid Cap Investments : 10.36% | Small Cap Investments : 27.13% | Other : 31.88%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	94	83.76
Top 5 Stock Weight	14.69%	18.27%
Top 10 Stock Weight	24.76%	30.27%
Top 3 Sector Weight	22.18%	24.65%

Category - Multi Cap Fund

Particulars	This Scheme	Category
Average mcap (Cr)	71375.86	61679.36
Holdings in large cap stocks	29.44%	27.42%
Holdings in mid cap stocks	10.36%	15.46%
Holdings in small cap stocks	27.13%	16.99%

Category - Multi Cap Fund

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
HDFC Bank Ltd.	Private sector bank	2108.5	4.00%	-0.04%	4.59% (Apr 2025)	3.47% (Dec 2024)	21.36 L	0.00
Reliance Industries Ltd.	Refineries & marketing	1567.4	2.98%	0.12%	3.17% (Jun 2025)	2.08% (Dec 2024)	10.55 L	0.00
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	1450.3	2.75%	0.54%	2.75% (Oct 2025)	1.59% (Mar 2025)	1.57 L	14.50 k
State Bank Of India	Public sector bank	1381	2.62%	0.07%	2.62% (Oct 2025)	1.29% (Dec 2024)	14.74 L	0.00
TD Power Systems Ltd.	Heavy electrical equipment	1234.1	2.34%	0.47%	2.34% (Oct 2025)	0.88% (Feb 2025)	15.93 L	0.00
Eternal Ltd.	E-retail/ e-commerce	1173.2	2.23%	-0.16%	2.47% (Nov 2024)	1.36% (Mar 2025)	36.92 L	0.00
ICICI Bank Ltd.	Private sector bank	1088.4	2.07%	-0.40%	2.94% (Apr 2025)	2.07% (Oct 2025)	8.09 L	-1.14 L
Nippon Life India Asset Management Ltd.	Asset management company	1083	2.06%	-0.08%	2.24% (Jun 2025)	1.43% (Nov 2024)	12.38 L	0.00
GE T&D India Ltd.	Heavy electrical equipment	979.9	1.86%	-0.04%	2.16% (Dec 2024)	1.36% (Feb 2025)	3.23 L	0.00
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	972.2	1.85%	-0.05%	1.9% (Sep 2025)	1.12% (Dec 2024)	2.79 L	0.00

- 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
HDFC Bank Ltd.	Private sector bank	10.55	2108.5	4.00%	-0.04%	4.59% (Apr 2025)	3.47% (Dec 2024)	21.36 L	0.00	Other	31.88
Reliance Industries Ltd.	Refineries & marketing	2.98	1567.4	2.98%	0.12%	3.17% (Jun 2025)	2.08% (Dec 2024)	10.55 L	0.00	Large Cap	29.44
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	2.75	1450.3	2.75%	0.54%	2.75% (Oct 2025)	1.59% (Mar 2025)	1.57 L	14.50 k	Small Cap	27.13
State Bank Of India	Public sector bank	3.48	1381	2.62%	0.07%	2.62% (Oct 2025)	1.29% (Dec 2024)	14.74 L	0.00	Large Cap	29.44
TD Power Systems Ltd.	Heavy electrical equipment	6.51	1234.1	2.34%	0.47%	2.34% (Oct 2025)	0.88% (Feb 2025)	15.93 L	0.00	Other	31.88
Eternal Ltd.	E-retail/ e-commerce	3.15	1173.2	2.23%	-0.16%	2.47% (Nov 2024)	1.36% (Mar 2025)	36.92 L	0.00	Other	31.88
ICICI Bank Ltd.	Private sector bank	10.55	1088.4	2.07%	-0.40%	2.94% (Apr 2025)	2.07% (Oct 2025)	8.09 L	-1.14 L	Large Cap	29.44
Nippon Life India Asset Management Ltd.	Asset management company	3.41	1083	2.06%	-0.08%	2.24% (Jun 2025)	1.43% (Nov 2024)	12.38 L	0.00	Mid Cap	10.36
GE T&D India Ltd.	Heavy electrical equipment	6.51	979.9	1.86%	-0.04%	2.16% (Dec 2024)	1.36% (Feb 2025)	3.23 L	0.00	Small Cap	27.13
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	3.61	972.2	1.85%	-0.05%	1.9% (Sep 2025)	1.12% (Dec 2024)	2.79 L	0.00	Large Cap	29.44
eClerx Services Ltd.	Business process outsourcing (bpo)/ knowledge process outsourcing (kpo)	1.79	943.7	1.79%	0.36%	1.79% (Oct 2025)	0.75% (Apr 2025)	2.00 L	19.82 k	Small Cap	27.13
Federal Bank Ltd.	Private sector bank	10.55	935.7	1.78%	0.49%	2.08% (Nov 2024)	1.29% (Sep 2025)	39.54 L	5.77 L	Mid Cap	10.36
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	3.61	928	1.76%	-0.07%	1.83% (Sep 2025)	0.45% (Dec 2024)	57.33 k	0.00	Large Cap	29.44
Larsen & Toubro Ltd.	Civil construction	4.32	926.9	1.76%	0.09%	1.99% (Mar 2025)	1.36% (Dec 2024)	2.30 L	0.00	Large Cap	29.44
Lemon Tree Hotels Ltd.	Hotels & resorts	1.7	895.3	1.70%	-0.09%	1.82% (Aug 2025)	0.88% (Jun 2025)	54.17 L	0.00	Small Cap	27.13
Kaynes Technology India Private Ltd.	Industrial products	1.96	892.4	1.69%	-0.17%	2.44% (Dec 2024)	1.48% (Mar 2025)	1.33 L	0.00	Other	31.88
Hero Motocorp Ltd.	2/3 wheelers	3.29	866.4	1.64%	-0.06%	1.7% (Sep 2025)	0% (Nov 2024)	1.56 L	0.00	Large Cap	29.44
Kotak Mahindra Bank Ltd.	Private sector bank	10.55	813.3	1.54%	0.25%	1.98% (Mar 2025)	0% (Nov 2024)	3.87 L	61.50 k	Large Cap	29.44
Max Healthcare Institute Ltd.	Hospital	2.33	812.9	1.54%	-0.03%	1.57% (Sep 2025)	0% (Nov 2024)	7.08 L	0.00	Other	31.88
Oberoi Realty Ltd.	Residential, commercial projects	1.54	811.6	1.54%	0.11%	2.35% (Dec 2024)	1.43% (Sep 2025)	4.56 L	0.00	Mid Cap	10.36
Shriram Finance Ltd.	Non banking financial company (nbfc)	4.09	802.1	1.52%	0.43%	1.94% (Jun 2025)	1.09% (Sep 2025)	10.71 L	1.79 L	Other	31.88
- Bajaj Finance Ltd.	Non banking financial company (nbfc)	4.09	788	1.50%	0.00%	3% (Mar 2025)	0% (Nov 2024)	7.56 L	0.00	Other	31.88
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	1.48	777.8	1.48%	0.07%	1.78% (Apr 2025)	1% (Nov 2024)	3.79 L	0.00	Large Cap	29.44
Godfrey Phillips India Ltd.	Cigarettes & tobacco products	1.4	736.8	1.40%	-0.21%	1.78% (Aug 2025)	0% (Nov 2024)	2.39 L	0.00	Small Cap	27.13
Infosys Ltd.	Computers - software & consulting	5.12	724.6	1.38%	-0.02%	2.6% (Jan 2025)	0.91% (Jul 2025)	4.89 L	0.00	Large Cap	29.44
Hindustan Unilever Ltd.	Diversified fmcg	1.37	719.2	1.37%	-0.09%	1.57% (Aug 2025)	0.68% (Jun 2025)	2.92 L	0.00	Large Cap	29.44
Jubilant Foodworks Ltd.	Restaurants	1.36	715	1.36%	-0.11%	1.98% (Jan 2025)	1.36% (Oct 2025)	11.96 L	0.00	Other	31.88
TVS Motor Company Ltd.	2/3 wheelers	3.29	710.2	1.35%	-0.03%	1.38% (Sep 2025)	1.07% (Dec 2024)	2.02 L	0.00	Mid Cap	10.36
Power Finance Corporation Ltd.	Financial institution	2.31	701.7	1.33%	-0.09%	1.44% (Jul 2025)	0.98% (Jun 2025)	17.40 L	0.00	Mid Cap	10.36
Sai Life Sciences Ltd.	Petrochemicals	1.31	692	1.31%	0.02%	1.34% (Mar 2025)	0% (Nov 2024)	7.54 L	0.00	Other	31.88
Divis Laboratories Ltd.	Pharmaceuticals	4.2	685.3	1.30%	0.15%	1.43% (Feb 2025)	1.15% (Sep 2025)	1.02 L	0.00	Large Cap	29.44
Cummins India Ltd.	Compressors, pumps & diesel engines	1.63	660.7	1.25%	0.37%	1.25% (Oct 2025)	0% (Nov 2024)	1.52 L	38.70 k	Mid Cap	10.36
K.P.R. Mill Ltd.	Other textile products	1.25	659.7	1.25%	-0.06%	1.69% (May 2025)	0.89% (Jan 2025)	6.17 L	0.00	Other	31.88
Suzlon Energy Ltd.	Heavy electrical equipment	6.51	652.3	1.24%	0.04%	1.65% (May 2025)	1.01% (Feb 2025)	1.10 Cr	0.00	Small Cap	27.13
- Engineers India Ltd.	Civil construction	4.32	651	1.24%	0.00%	1.56% (Jun 2025)	0.94% (Jan 2025)	32.20 L	0.00	Small Cap	27.13
Karur Vysya Bank Ltd	Private sector bank	10.55	611.2	1.16%	0.22%	1.16% (Oct 2025)	0.45% (Dec 2024)	25.14 L	2.65 L	Small Cap	27.13
Neuland Laboratories Ltd.	Pharmaceuticals	4.2	609.2	1.16%	0.09%	2.1% (Nov 2024)	1.01% (Aug 2025)	36.98 k	0.00	Small Cap	27.13
Lupin Ltd.	Pharmaceuticals	4.2	587.9	1.12%	-0.02%	1.4% (Apr 2025)	0.44% (Nov 2024)	2.99 L	0.00	Large Cap	29.44
Ultratech Cement Ltd.	Cement & cement products	1.88	567.5	1.08%	-0.07%	1.21% (Aug 2025)	0.96% (May 2025)	47.50 k	0.00	Large Cap	29.44
- Zensar Technologies Ltd.	Computers - software & consulting	5.12	541.5	1.03%	0.00%	1.61% (Jan 2025)	0.85% (Dec 2024)	6.79 L	0.00	Small Cap	27.13
Hindustan Aeronautics Ltd.	Aerospace & defense	1.42	525.8	1.00%	-0.06%	1.06% (Sep 2025)	0% (Nov 2024)	1.12 L	0.00	Other	31.88
Varun Beverages Ltd.	Other beverages	1	524.9	1.00%	0.01%	1.59% (Dec 2024)	0.99% (Sep 2025)	11.18 L	0.00	Other	31.88
Power Mech Projects Ltd.	Civil construction	4.32	516.6	0.98%	-0.17%	1.44% (Jun 2025)	0.94% (Feb 2025)	2.07 L	-7.22 k	Small Cap	27.13
Housing & Urban Development Corporation Ltd.	Financial institution	2.31	516.5	0.98%	0.01%	1.19% (Nov 2024)	0.9% (Aug 2025)	21.79 L	0.00	Small Cap	27.13
CCL Products (India) Ltd.	Tea & coffee	0.98	514.1	0.98%	-0.02%	1.05% (Aug 2025)	0.35% (Mar 2025)	5.98 L	0.00	Small Cap	27.13
Radico Khaitan Ltd.	Breweries & distilleries	0.97	512.3	0.97%	0.03%	0.97% (Oct 2025)	0% (Nov 2024)	1.64 L	0.00	Small Cap	27.13
Swiggy Ltd.	E-retail/ e-commerce	3.15	487	0.92%	-0.08%	1% (Sep 2025)	0.33% (Nov 2024)	11.88 L	0.00	Other	31.88
Dixon Technologies (India) Ltd.	Consumer electronics	0.89	471.2	0.89%	-0.10%	1.84% (Dec 2024)	0.89% (Oct 2025)	30.41 k	0.00	Other	31.88
Punjab National Bank	Public sector bank	3.48	452.1	0.86%	0.29%	0.86% (Oct 2025)	0% (Nov 2024)	36.79 L	11.51 L	Large Cap	29.44
- Delhivery Ltd.	Logistics solution provider	1.06	429.5	0.82%	0.00%	0.87% (Aug 2025)	0% (Nov 2024)	9.22 L	0.00	Other	31.88
Time Technoplast Ltd.	Plastic products - industrial	0.81	429	0.81%	-0.02%	0.97% (Mar 2025)	0% (Nov 2024)	19.93 L	0.00	Small Cap	27.13
Birla Corporation Ltd.	Cement & cement products	1.88	423.3	0.80%	-0.07%	0.98% (Jul 2025)	0% (Nov 2024)	3.59 L	0.00	Small Cap	27.13
Cholamandalam Investment & Finance Co. Ltd.	Non banking financial company (nbfc)	4.09	418.8	0.80%	0.01%	0.81% (Jun 2025)	0.49% (Dec 2024)	2.47 L	0.00	Other	31.88
Aster DM Healthcare Ltd.	Hospital	2.33	417.8	0.79%	0.30%	0.79% (Oct 2025)	0% (Nov 2024)	6.16 L	2.24 L	Small Cap	27.13
Epigral Ltd.	Specialty chemicals	0.85	403.4	0.77%	-0.03%	0.94% (Nov 2024)	0.77% (Oct 2025)	2.39 L	0.00	Other	31.88
Firstsource Solutions Ltd.	It enabled services	0.74	389.8	0.74%	0.02%	1.34% (Feb 2025)	0.72% (Sep 2025)	11.01 L	0.00	Small Cap	27.13
National Thermal Power Corporation Ltd.	Power generation	0.73	382.2	0.73%	0.28%	2.07% (Mar 2025)	0.44% (Aug 2025)	11.34 L	4.65 L	Large Cap	29.44
Sumitomo Chemical India Private Ltd.	Pesticides & agrochemicals	0.72	378.9	0.72%	-0.08%	0.99% (Mar 2025)	0.72% (Oct 2025)	7.55 L	0.00	Other	31.88
KPIT Technologies Ltd.	Computers - software & consulting	5.12	378.4	0.72%	0.01%	0.95% (Jan 2025)	0.71% (Sep 2025)	3.24 L	0.00	Other	31.88
UTI Asset Management Co. Pvt. Ltd.	Asset management company	3.41	369.9	0.70%	-0.07%	0.8% (Jul 2025)	0% (Nov 2024)	2.96 L	0.00	Other	31.88
Motilal Oswal Financial Services Ltd.	Stockbroking & allied	0.7	367.9	0.70%	0.03%	0.7% (Oct 2025)	0% (Nov 2024)	3.76 L	0.00	Small Cap	27.13
Bikaji Foods International Ltd.	Packaged foods	1.13	356.2	0.68%	-0.04%	0.78% (Aug 2025)	0% (Nov 2024)	4.88 L	0.00	Other	31.88
Persistent Systems Ltd.	Computers - software & consulting	5.12	351.5	0.67%	0.10%	1.42% (Jan 2025)	0.57% (Sep 2025)	59.40 k	0.00	Other	31.88
HDFC Asset Management Co. Ltd.	Asset management company	3.41	344.3	0.65%	-0.31%	1% (Jul 2025)	0.65% (Oct 2025)	64.00 k	-0.23 L	Large Cap	29.44
Siemens Ltd.	Heavy electrical equipment	6.51	328	0.62%	-0.04%	1.19% (Nov 2024)	0.44% (Apr 2025)	1.06 L	0.00	Large Cap	29.44
Ipca Laboratories Ltd.	Pharmaceuticals	4.2	326.7	0.62%	-0.06%	0.9% (Mar 2025)	0.47% (Nov 2024)	2.57 L	0.00	Other	31.88
Jindal Steel Ltd.	Iron & steel products	0.99	285.6	0.54%	-0.03%	0.57% (Sep 2025)	0.27% (Jan 2025)	2.68 L	0.00	Mid Cap	10.36
Bharat Bijlee Ltd.	Other electrical equipment	0.53	280	0.53%	-0.05%	0.76% (Nov 2024)	0.53% (Jun 2025)	92.61 k	0.00	Other	31.88
Titan Company Ltd.	Gems, jewellery and watches	0.99	275.4	0.52%	0.03%	0.54% (Jun 2025)	0% (Nov 2024)	73.50 k	0.00	Large Cap	29.44
- NESCO Ltd.	Diversified commercial services	0.52	271.7	0.52%	0.00%	0.52% (Oct 2025)	0% (Nov 2024)	1.98 L	0.00	Small Cap	27.13
Safari Industries (India) Ltd.	Plastic products - consumer	0.51	270.9	0.51%	-0.04%	0.73% (Dec 2024)	0.51% (Oct 2025)	1.27 L	0.00	Small Cap	27.13
Ashok Leyland Ltd.	Commercial vehicles	0.51	269.5	0.51%	-0.03%	0.54% (Sep 2025)	0% (Nov 2024)	19.04 L	0.00	Mid Cap	10.36
Marico Ltd.	Personal care	0.72	263.9	0.50%	-0.01%	0.58% (Jan 2025)	0.5% (Oct 2025)	3.67 L	0.00	Large Cap	29.44
HCL Technologies Limited	Computers - software & consulting	5.12	261	0.50%	0.03%	1% (Dec 2024)	0.47% (Sep 2025)	1.69 L	0.00	Large Cap	29.44
KEI Industries Ltd.	Cables - electricals	0.49	258.9	0.49%	-0.03%	0.83% (Dec 2024)	0.49% (Oct 2025)	64.20 k	0.00	Small Cap	27.13
Thangamayil Jewellery Ltd.	Gems, jewellery and watches	0.99	247.8	0.47%	0.01%	0.54% (Mar 2025)	0.41% (Jan 2025)	1.14 L	0.00	Small Cap	27.13
Britannia Industries Ltd.	Packaged foods	1.13	239.3	0.45%	-0.04%	0.49% (Sep 2025)	0% (Nov 2024)	41.00 k	0.00	Large Cap	29.44
Paradeep Phosphates Ltd.	Fertilizers	0.45	238.6	0.45%	-0.19%	1.37% (Apr 2025)	0% (Nov 2024)	14.34 L	-2.16 L	Other	31.88
KEC International Ltd.	Heavy electrical equipment	6.51	234.8	0.45%	-0.05%	0.77% (Dec 2024)	0.45% (Apr 2025)	2.87 L	0.00	Small Cap	27.13
Ratnamani Metals & Tubes Ltd.	Iron & steel products	0.99	234.5	0.45%	-0.01%	0.76% (Nov 2024)	0.45% (Oct 2025)	96.70 k	0.00	Small Cap	27.13
Tech Mahindra Ltd.	Computers - software & consulting	5.12	230.8	0.44%	-0.01%	1.33% (Jan 2025)	0.44% (Oct 2025)	1.62 L	0.00	Large Cap	29.44
# MTAR Technologies Ltd.	Aerospace & defense	1.42	220	0.42%	0.42%	0.42% (Oct 2025)	0% (Nov 2024)	86.33 k	86.33 k	Other	31.88
Coforge Ltd.	Computers - software & consulting	5.12	201.8	0.38%	0.02%	0.84% (Dec 2024)	0.36% (Sep 2025)	1.14 L	0.00	Other	31.88
Kirloskar Pneumatic Co. Ltd.	Compressors, pumps & diesel engines	1.63	198.8	0.38%	-0.04%	0.47% (Jul 2025)	0% (Nov 2024)	1.78 L	0.00	Small Cap	27.13
PNC Infratech Ltd.	Civil construction	4.32	180.6	0.34%	-0.04%	0.48% (Dec 2024)	0.34% (Oct 2025)	6.44 L	0.00	Small Cap	27.13
Eicher Motors Ltd.	2/3 wheelers	3.29	147.2	0.28%	-0.01%	0.29% (Sep 2025)	0% (Nov 2024)	21.00 k	0.00	Other	31.88
HDB Financial Services Ltd.	Non banking financial company (nbfc)	4.09	141.5	0.27%	-0.02%	0.56% (Aug 2025)	0% (Nov 2024)	1.94 L	0.00	Other	31.88
- Jyoti CNC Automation Ltd.	Industrial products	1.96	140.3	0.27%	0.00%	0.44% (May 2025)	0% (Nov 2024)	1.62 L	0.00	Other	31.88
VRL Logistic Ltd.	Logistics solution provider	1.06	127.1	0.24%	-0.01%	0.28% (Jul 2025)	0.15% (Apr 2025)	4.54 L	0.00	Small Cap	27.13
Godrej Consumer Products Ltd	Personal care	0.72	117.5	0.22%	-0.02%	0.27% (Jul 2025)	0% (Nov 2024)	1.05 L	0.00	Large Cap	29.44
West Coast Paper Mills Ltd.	Paper & paper products	0.2	106.5	0.20%	-0.02%	0.31% (Nov 2024)	0.2% (Oct 2025)	2.35 L	0.00	Small Cap	27.13
Hindustan Foods Ltd.	Consumer food	0.13	68.4	0.13%	-0.01%	0.14% (Sep 2025)	0% (Nov 2024)	1.30 L	0.00	Other	31.88
Vinati Organics Ltd.	Specialty chemicals	0.85	41.8	0.08%	-0.01%	0.09% (Jul 2025)	0% (Nov 2024)	25.30 k	0.00	Other	31.88
# TVS Motor Company Ltd. - Preference Shares	2/3 wheelers	3.29	8.2	0.02%	0.00%	0% (Nov 2025)	0% (Nov 2025)	8.10 L	0.00	Other	31.88
Suven Pharmaceuticals Ltd.	Pharmaceuticals	4.2	200.1	0.00%	-0.40%	-	-	-	-	Other	31.88
Bajaj Auto Ltd.	2/3 wheelers	3.29	183.5	0.00%	-0.36%	-	-	-	-	Large Cap	29.44
Wipro Ltd.	Computers - software & consulting	5.12	466.9	0.00%	-0.93%	-	-	-	-	Large Cap	29.44

- 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
# MTAR Technologies Ltd.	Aerospace & defense	220	0.42%	0.42%	0.42% (Oct 2025)	0% (Nov 2024)	86.33 k	86326

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
Suven Pharmaceuticals Ltd.	Pharmaceuticals	200.1	0.00%	-0.40%	0.71% (Feb 2025)	0% (Nov 2024)	-227580
Bajaj Auto Ltd.	2/3 wheelers	183.5	0.00%	-0.36%	0.44% (Jan 2025)	0% (Nov 2024)	-21149
Wipro Ltd.	Computers - software & consulting	466.9	0.00%	-0.93%	2.37% (Jan 2025)	0% (Nov 2024)	-1950600

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
HDFC Bank Ltd.	4.00%	4.04%	4.11%	4.35%	4.29%	4.37%	4.59%	4.27%	3.92%	3.52%	3.47%	3.63%	2.66%
ICICI Bank Ltd.	2.07%	2.47%	2.61%	2.76%	2.68%	2.81%	2.94%	2.91%	2.86%	2.72%	2.63%	2.75%	2.86%
Reliance Industries Ltd.	2.98%	2.86%	2.90%	2.96%	3.17%	2.75%	2.89%	2.30%	2.37%	2.29%	2.08%	2.28%	1.66%
Eternal Ltd.	2.23%	2.39%	2.35%	2.29%	1.96%	1.54%	3.00%	2.72%	-	-	-	-	-
Zomato Ltd.	-	-	-	-	-	-	-	-	1.65%	1.50%	2.38%	2.47%	2.23%
Multi Commodity Exchange Of India Ltd.	2.75%	2.21%	2.13%	2.21%	2.56%	1.98%	1.75%	1.59%	1.66%	2.10%	2.16%	2.21%	2.44%
Bajaj Finance Ltd.	1.50%	1.50%	1.34%	1.84%	2.46%	2.52%	2.77%	3.00%	2.83%	0.49%	-	-	-
Nippon Life India Asset Management Ltd.	2.06%	2.14%	1.97%	2.03%	2.24%	2.17%	1.99%	1.59%	1.55%	1.62%	1.77%	1.43%	1.55%
GE T&D India Ltd.	1.86%	1.90%	1.81%	2.02%	1.85%	1.86%	1.38%	1.44%	1.36%	1.76%	2.16%	1.88%	2.01%
Federal Bank Ltd.	1.78%	1.29%	1.31%	1.38%	1.69%	1.83%	1.89%	1.94%	1.97%	1.90%	1.92%	2.08%	2.11%
State Bank Of India	2.62%	2.55%	2.15%	2.13%	1.51%	1.72%	1.77%	1.31%	1.29%	1.32%	1.29%	1.40%	1.43%
Kaynes Technology India Private Ltd.	1.69%	1.86%	1.65%	1.66%	1.63%	1.67%	1.71%	1.48%	1.51%	1.60%	2.44%	1.78%	1.70%
Jubilant Foodworks Ltd.	1.36%	1.47%	1.52%	1.58%	1.68%	1.65%	1.91%	1.86%	1.92%	1.98%	1.91%	1.77%	1.56%
Oberoi Realty Ltd.	1.54%	1.43%	1.49%	1.50%	1.74%	1.68%	1.67%	1.75%	1.74%	1.94%	2.35%	1.64%	1.43%
Larsen & Toubro Ltd.	1.76%	1.67%	1.68%	1.69%	1.80%	1.89%	1.82%	1.99%	1.38%	1.43%	1.36%	1.45%	1.48%