Bandhan Flexi Cap Fund - Regular Plan - Growth

Regular

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

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

Category : Flexi Cap Fund

Portfolio Turnover Ratio : 124.00%. Category average turnover ratio is 236.92%. 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 : 97.69% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 97.69%

No of Stocks : 88 (Category Avg - 63.14) | Large Cap Investments : 46.78%| Mid Cap Investments : 10.16% | Small Cap Investments : 9.15% | Other : 31.6%

Portfolio Summary (as on 31st Jan,2026)

Particulars	This Scheme	Category
No. of Stocks	88	62.6
Top 5 Stock Weight	27.74%	24.68%
Top 10 Stock Weight	38.38%	39.65%
Top 3 Sector Weight	36.26%	31.37%

Category - Flexi Cap Fund

Particulars	This Scheme	Category
Average mcap (Cr)	123300.33	89828.35
Holdings in large cap stocks	46.78%	39.66%
Holdings in mid cap stocks	10.16%	12.98%
Holdings in small cap stocks	9.15%	9.39%

Category - Flexi Cap Fund

Top 10 Stocks holding in Portfolio (as on 31st Jan,2026)

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	6922.9	9.26%	0.52%	9.26% (Jan 2026)	7.26% (Sep 2025)	74.50 L	6.50 L
ICICI Bank Ltd.	Private sector bank	5676.9	7.59%	0.10%	8.26% (Apr 2025)	6.36% (Aug 2025)	41.90 L	-1.10 L
Infosys Ltd.	Computers - software & consulting	3117.9	4.17%	-0.23%	5.03% (Nov 2025)	3.31% (Mar 2025)	19.00 L	-1.97 L
Tata Consultancy Services Ltd.	Computers - software & consulting	2577.2	3.45%	0.33%	4.87% (Feb 2025)	3.12% (Dec 2025)	8.25 L	75.00 k
Kotak Mahindra Bank Ltd.	Private sector bank	2448	3.27%	-0.13%	3.4% (Dec 2025)	1.51% (Feb 2025)	60.00 L	60.00 L
Reliance Industries Ltd.	Refineries & marketing	1883.8	2.52%	-1.35%	7.17% (Feb 2025)	2.52% (Jan 2026)	13.50 L	-5.50 L
Eternal Ltd.	E-retail/ e-commerce	1751	2.34%	0.63%	2.34% (Jan 2026)	1.04% (Oct 2025)	64.00 L	16.50 L
Info Edge (India) Ltd.	Internet & catalogue retail	1530.5	2.05%	0.06%	2.07% (Oct 2025)	0% (Feb 2025)	12.25 L	75.00 k
State Bank Of India	Public sector bank	1400.3	1.87%	-0.20%	3.58% (Oct 2025)	0% (Feb 2025)	13.00 L	-3.25 L
HDFC Life Insurance Company Ltd.	Life insurance	1388.9	1.86%	0.16%	1.86% (Jan 2026)	1.06% (May 2025)	19.00 L	1.50 L

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

View complete holding

Complete equity Portfolio (as on 31st Jan,2026)

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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	22.99	6922.9	9.26%	0.52%	9.26% (Jan 2026)	7.26% (Sep 2025)	74.50 L	6.50 L	Other	31.6
ICICI Bank Ltd.	Private sector bank	22.99	5676.9	7.59%	0.10%	8.26% (Apr 2025)	6.36% (Aug 2025)	41.90 L	-1.10 L	Large Cap	46.78
Infosys Ltd.	Computers - software & consulting	9.32	3117.9	4.17%	-0.23%	5.03% (Nov 2025)	3.31% (Mar 2025)	19.00 L	-1.97 L	Large Cap	46.78
Tata Consultancy Services Ltd.	Computers - software & consulting	9.32	2577.2	3.45%	0.33%	4.87% (Feb 2025)	3.12% (Dec 2025)	8.25 L	75.00 k	Large Cap	46.78
Kotak Mahindra Bank Ltd.	Private sector bank	22.99	2448	3.27%	-0.13%	3.4% (Dec 2025)	1.51% (Feb 2025)	60.00 L	60.00 L	Other	31.6
Reliance Industries Ltd.	Refineries & marketing	2.52	1883.8	2.52%	-1.35%	7.17% (Feb 2025)	2.52% (Jan 2026)	13.50 L	-5.50 L	Large Cap	46.78
Eternal Ltd.	E-retail/ e-commerce	2.34	1751	2.34%	0.63%	2.34% (Jan 2026)	1.04% (Oct 2025)	64.00 L	16.50 L	Other	31.6
Info Edge (India) Ltd.	Internet & catalogue retail	3.14	1530.5	2.05%	0.06%	2.07% (Oct 2025)	0% (Feb 2025)	12.25 L	75.00 k	Other	31.6
State Bank Of India	Public sector bank	1.87	1400.3	1.87%	-0.20%	3.58% (Oct 2025)	0% (Feb 2025)	13.00 L	-3.25 L	Large Cap	46.78
HDFC Life Insurance Company Ltd.	Life insurance	2.97	1388.9	1.86%	0.16%	1.86% (Jan 2026)	1.06% (May 2025)	19.00 L	1.50 L	Large Cap	46.78
Trent Limited	Speciality retail	1.77	1324.9	1.77%	0.27%	1.77% (Jan 2026)	0.57% (Jun 2025)	3.50 L	80.00 k	Mid Cap	10.16
- Titan Company Ltd.	Gems, jewellery and watches	1.73	1292.7	1.73%	0.00%	1.84% (Oct 2025)	0.77% (Feb 2025)	3.25 L	-5.00 k	Large Cap	46.78
Axis Bank Ltd.	Private sector bank	22.99	1233.4	1.65%	-0.49%	4.17% (Mar 2025)	1.65% (Jan 2026)	9.00 L	-4.00 L	Large Cap	46.78
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	3.95	1201.1	1.61%	-0.07%	2.32% (Sep 2025)	1.5% (May 2025)	3.50 L	0.00	Large Cap	46.78
Grasim Industries Limited	Cement & cement products	2.51	1198.1	1.60%	0.04%	1.6% (Jan 2026)	0.87% (May 2025)	4.25 L	0.00	Large Cap	46.78
Hindustan Unilever Ltd.	Diversified fmcg	2.45	1186.5	1.59%	-0.42%	2.01% (Dec 2025)	0% (Feb 2025)	5.00 L	-1.70 L	Large Cap	46.78
Hyundai Motor India Ltd.	Passenger cars & utility vehicles	3.95	1164	1.56%	-0.02%	1.58% (Dec 2025)	0% (Feb 2025)	5.30 L	0.00	Other	31.6
Apollo Hospitals Enterprises Ltd.	Hospital	1.9	1078.9	1.44%	0.12%	1.44% (Jan 2026)	0.4% (Oct 2025)	1.55 L	10.00 k	Mid Cap	10.16
Varun Beverages Ltd.	Other beverages	1.42	1060.3	1.42%	-0.20%	1.62% (Dec 2025)	0% (Feb 2025)	22.50 L	-3.00 L	Other	31.6
PB Fintech Ltd.	Financial technology (fintech)	1.37	1025.8	1.37%	0.30%	1.37% (Jan 2026)	0% (Feb 2025)	6.20 L	1.70 L	Other	31.6
Jindal Steel Ltd.	Iron & steel products	1.36	1018.8	1.36%	0.13%	1.43% (Feb 2025)	0.48% (Aug 2025)	9.00 L	0.00	Mid Cap	10.16
Avenue Supermarts Ltd.	Diversified retail	2.34	996.2	1.33%	0.50%	2.14% (Feb 2025)	0% (Feb 2025)	2.70 L	1.00 L	Large Cap	46.78
InterGlobe Aviation Ltd.	Airline	1.31	976.8	1.31%	0.11%	1.31% (Jan 2026)	0% (Feb 2025)	2.13 L	30.00 k	Large Cap	46.78
Bajaj Finserv Ltd	Holding company	1.31	976.3	1.31%	0.22%	1.63% (Sep 2025)	0.61% (Jun 2025)	5.00 L	90.00 k	Other	31.6
Cholamandalam Financial Holdings Ltd.	Investment company	1.28	957.4	1.28%	-0.01%	1.29% (Dec 2025)	0% (Feb 2025)	5.79 L	28.74 k	Small Cap	9.15
United Spirits Ltd.	Breweries & distilleries	1.28	953.8	1.28%	-0.03%	1.54% (Oct 2025)	1.12% (Mar 2025)	7.00 L	0.00	Large Cap	46.78
- Power Grid Corporation of India Ltd.	Power - transmission	1.18	882.8	1.18%	0.00%	1.3% (Oct 2025)	0% (Feb 2025)	34.42 L	0.00	Large Cap	46.78
Dr. Reddys Laboratories Ltd.	Pharmaceuticals	3.82	853.5	1.14%	-0.02%	1.53% (May 2025)	0.75% (Sep 2025)	7.01 L	0.00	Other	31.6
Ajanta Pharma Limited	Pharmaceuticals	3.82	839.9	1.12%	-0.05%	1.21% (Jul 2025)	0% (Feb 2025)	3.02 L	-0.25 L	Small Cap	9.15
ICICI Prudential Life Insurance Co Ltd.	Life insurance	2.97	827.9	1.11%	-0.36%	1.47% (Dec 2025)	0% (Feb 2025)	13.00 L	-4.00 L	Large Cap	46.78
Larsen & Toubro Ltd.	Civil construction	1.1	825.8	1.10%	-0.01%	2.23% (Sep 2025)	0.95% (Apr 2025)	2.10 L	0.00	Large Cap	46.78
Indiamart Intermesh Ltd.	Internet & catalogue retail	3.14	814.7	1.09%	0.05%	1.09% (Jan 2026)	0% (Feb 2025)	3.70 L	10.55 k	Other	31.6
Sterlite Technologies Ltd.	Other telecom services	1.06	792.7	1.06%	0.10%	1.12% (Jul 2025)	0.6% (Apr 2025)	74.54 L	3.00 L	Small Cap	9.15
V-Mart Retail Ltd.	Diversified retail	2.34	757.4	1.01%	-0.06%	1.25% (Oct 2025)	0.99% (Feb 2025)	11.98 L	40.00 k	Small Cap	9.15
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	0.99	738.3	0.99%	-0.03%	2.26% (Feb 2025)	0.95% (Sep 2025)	3.75 L	0.00	Large Cap	46.78
Emami Ltd.	Personal care	0.97	725.7	0.97%	-0.03%	1% (Dec 2025)	0% (Feb 2025)	15.00 L	46.78 k	Mid Cap	10.16
Bandhan Bank Ltd.	Private sector bank	22.99	695.9	0.93%	0.08%	1.25% (Jun 2025)	0.85% (Dec 2025)	45.00 L	0.00	Large Cap	46.78
# Oil & Natural Gas Corporation Ltd.	Oil exploration & production	0.9	672.4	0.90%	0.90%	0.9% (Jan 2026)	0% (Feb 2025)	25.00 L	25.00 L	Large Cap	46.78
Great Eastern Shipping Co. Ltd.	Shipping	0.88	661.3	0.88%	0.07%	0.88% (Jan 2026)	0% (Feb 2025)	5.50 L	0.00	Small Cap	9.15
ITC Limited	Diversified fmcg	2.45	644.3	0.86%	0.39%	1.22% (Feb 2025)	0.47% (Dec 2025)	20.00 L	11.00 L	Large Cap	46.78
Havells India Ltd.	Consumer electronics	1.33	642.5	0.86%	-0.06%	0.92% (Dec 2025)	0% (Feb 2025)	5.00 L	0.00	Large Cap	46.78
TBO TEK Ltd.	Tour, travel related services	0.84	626.5	0.84%	0.17%	1.1% (Jun 2025)	0.64% (Nov 2025)	4.50 L	1.40 L	Other	31.6
Bajaj Auto Ltd.	2/3 wheelers	0.83	623.8	0.83%	-0.20%	1.52% (Aug 2025)	0% (Feb 2025)	65.00 k	-0.20 L	Large Cap	46.78
Vedanta Ltd.	Diversified metals	0.82	613.4	0.82%	-0.12%	1.42% (Oct 2025)	0.72% (Feb 2025)	9.00 L	-3.00 L	Large Cap	46.78
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	3.95	584	0.78%	0.13%	3.16% (Feb 2025)	0.65% (Dec 2025)	40.00 k	10.00 k	Large Cap	46.78
Mankind Pharma Ltd.	Pharmaceuticals	3.82	552.2	0.74%	0.11%	1.38% (Mar 2025)	0% (Feb 2025)	2.60 L	40.00 k	Other	31.6
TML Commercial Vehicles Ltd.	Commercial vehicles	0.74	550.2	0.74%	-0.26%	1% (Dec 2025)	0% (Feb 2025)	12.00 L	-6.50 L	Other	31.6
Star Health and Allied Insurance Co Ltd.	General insurance	0.69	517	0.69%	0.04%	0.71% (Oct 2025)	0% (Feb 2025)	11.02 L	0.00	Other	31.6
Exide Industries Ltd.	Auto components & equipments	0.69	514.6	0.69%	0.08%	0.69% (Jan 2026)	0% (Feb 2025)	16.00 L	3.00 L	Mid Cap	10.16
National Thermal Power Corporation Ltd.	Power generation	1.1	498.4	0.67%	-0.83%	2.31% (Sep 2025)	0% (Feb 2025)	14.00 L	-0.21 Cr	Large Cap	46.78
CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	2.03	481.8	0.64%	0.22%	1.74% (Mar 2025)	0.3% (Nov 2025)	8.25 L	3.25 L	Small Cap	9.15
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	3.82	478.6	0.64%	-0.64%	2.86% (Jul 2025)	0.64% (Jan 2026)	3.00 L	-2.75 L	Large Cap	46.78
Crompton Greaves Consumer Electricals Ltd.	Household appliances	1.06	465.1	0.62%	-0.07%	0.69% (Dec 2025)	0% (Feb 2025)	21.00 L	0.00	Mid Cap	10.16
NMDC LTD	Industrial minerals	0.62	462.9	0.62%	0.04%	1.01% (May 2025)	0.5% (Aug 2025)	57.00 L	3.00 L	Mid Cap	10.16
Mas Financial Services Ltd.	Non banking financial company (nbfc)	0.61	457.3	0.61%	0.02%	0.61% (Jan 2026)	0.5% (Feb 2025)	14.06 L	0.00	Small Cap	9.15
Hexaware Technologies Ltd.	Computers - software & consulting	9.32	418.5	0.56%	-0.30%	0.86% (Dec 2025)	0% (Feb 2025)	6.00 L	-2.71 L	Other	31.6
Cera Sanitaryware Ltd.	Sanitary ware	0.53	400	0.53%	0.02%	0.53% (Jan 2026)	0.08% (Feb 2025)	80.00 k	5.00 k	Small Cap	9.15
Bayer Cropscience Ltd.	Pesticides & agrochemicals	0.51	379.6	0.51%	0.01%	0.51% (Jan 2026)	0% (Feb 2025)	85.00 k	0.00	Mid Cap	10.16
CreditAccess Grameen Ltd.	Microfinance institutions	0.51	378.1	0.51%	0.11%	0.51% (Jan 2026)	0% (Feb 2025)	2.85 L	45.00 k	Small Cap	9.15
# Coforge Ltd.	Computers - software & consulting	9.32	372.1	0.50%	0.50%	0.5% (Jan 2026)	0% (Feb 2025)	2.25 L	2.25 L	Other	31.6
# KEC International Ltd.	Heavy electrical equipment	2.03	366.9	0.49%	0.49%	0.85% (Feb 2025)	0% (Feb 2025)	5.50 L	5.50 L	Small Cap	9.15
Greenpanel Industries Ltd.	Plywood boards/ laminates	0.49	361.9	0.48%	0.03%	0.6% (Jul 2025)	0.21% (Feb 2025)	15.80 L	50.00 k	Other	31.6
# Wipro Ltd.	Computers - software & consulting	9.32	355.4	0.48%	0.48%	0.48% (Jan 2026)	0% (Feb 2025)	15.00 L	15.00 L	Large Cap	46.78
LG Electronics India Pvt. Ltd.	Consumer electronics	1.33	351	0.47%	0.08%	0.47% (Jan 2026)	0% (Feb 2025)	2.40 L	40.00 k	Other	31.6
Rainbow Childrens Medicare Ltd.	Hospital	1.9	341.4	0.46%	-0.05%	0.52% (Nov 2025)	0% (Feb 2025)	3.00 L	0.00	Other	31.6
Atul Ltd.	Specialty chemicals	0.44	331	0.44%	0.10%	0.44% (Jan 2026)	0% (Feb 2025)	53.27 k	10.00 k	Mid Cap	10.16
Whirlpool Of India Ltd.	Household appliances	1.06	330.5	0.44%	-0.03%	0.47% (Dec 2025)	0% (Feb 2025)	4.25 L	25.00 k	Mid Cap	10.16
# J S W Energy Ltd.	Power generation	1.1	321.9	0.43%	0.43%	0.52% (Sep 2025)	0% (Feb 2025)	7.00 L	7.00 L	Mid Cap	10.16
Shree Cement Ltd.	Cement & cement products	2.51	303.1	0.41%	0.02%	0.41% (Jan 2026)	0% (Feb 2025)	11.23 k	0.00	Large Cap	46.78
# Hitachi Energy India Ltd.	Heavy electrical equipment	2.03	282.9	0.38%	0.38%	0.38% (Jan 2026)	0% (Feb 2025)	15.00 k	15.00 k	Other	31.6
Petronet LNG Ltd.	Lpg/cng/png/lng supplier	0.31	231.8	0.31%	0.09%	0.31% (Jan 2026)	0% (Feb 2025)	8.00 L	2.00 L	Large Cap	46.78
DCB Bank Ltd.	Private sector bank	22.99	216	0.29%	-0.06%	0.37% (Nov 2025)	0% (Feb 2025)	10.82 L	-5.00 L	Small Cap	9.15
J K Lakshmi Cement Ltd.	Cement & cement products	2.51	201.8	0.27%	0.05%	0.27% (Jan 2026)	0% (Feb 2025)	2.60 L	40.61 k	Small Cap	9.15
# Bharat Heavy Electricals Ltd.	Heavy electrical equipment	2.03	197	0.26%	0.26%	0.26% (Jan 2026)	0% (Feb 2025)	7.50 L	7.50 L	Mid Cap	10.16
# Suzlon Energy Ltd.	Heavy electrical equipment	2.03	190.7	0.26%	0.26%	0.26% (Jan 2026)	0% (Feb 2025)	40.00 L	40.00 L	Small Cap	9.15
Ujjivan Small Finance Bank Ltd.	Other bank	0.24	183	0.24%	-0.12%	0.36% (Dec 2025)	0% (Feb 2025)	28.00 L	-0.25 Cr	Other	31.6
Devyani International Ltd.	Restaurants	0.24	182.6	0.24%	-0.06%	0.3% (Dec 2025)	0% (Feb 2025)	15.72 L	0.00	Other	31.6
Nuvoco Vistas Corporation Ltd.	Cement & cement products	2.51	173.9	0.23%	0.10%	0.23% (Jan 2026)	0% (Feb 2025)	5.00 L	2.18 L	Other	31.6
Updater Services Ltd.	Diversified commercial services	0.19	142	0.19%	-0.09%	0.51% (Feb 2025)	0.19% (Jan 2026)	9.32 L	-1.90 L	Other	31.6
# Solar Industries India Ltd.	Explosives	0.19	139.9	0.19%	0.19%	0.19% (Jan 2026)	0% (Feb 2025)	10.38 k	10.38 k	Small Cap	9.15
# Cipla Ltd.	Pharmaceuticals	3.82	132.4	0.18%	0.18%	0.18% (Jan 2026)	0% (Feb 2025)	1.00 L	1.00 L	Large Cap	46.78
# DLF Ltd.	Residential, commercial projects	0.34	127.2	0.17%	0.17%	0.17% (Jan 2026)	0% (Feb 2025)	2.00 L	2.00 L	Large Cap	46.78
# Godrej Properties Ltd.	Residential, commercial projects	0.34	126.1	0.17%	0.17%	0.69% (Apr 2025)	0% (Feb 2025)	80.00 k	80.00 k	Mid Cap	10.16
# LTIMindtree Ltd.	Computers - software & consulting	9.32	119.5	0.16%	0.16%	0.72% (Mar 2025)	0% (Feb 2025)	20.00 k	20.00 k	Mid Cap	10.16
# Tata Power Co. Ltd.	Integrated power utilities	0.15	109.9	0.15%	0.15%	0.15% (Jan 2026)	0% (Feb 2025)	3.00 L	3.00 L	Mid Cap	10.16
# Syngene International Ltd.	Healthcare research, analytics & technology	0.13	94.7	0.13%	0.13%	0.13% (Jan 2026)	0% (Feb 2025)	2.00 L	2.00 L	Mid Cap	10.16
- Kwality Walls (India) Ltd.	Dairy products	0.03	24.5	0.03%	0.00%	0.03% (Dec 2025)	0% (Feb 2025)	6.10 L	0.00	Other	31.6
# Greenply Industries Ltd.	Plywood boards/ laminates	0.49	9	0.01%	0.01%	0.01% (Jan 2026)	0% (Feb 2025)	40.00 k	40.00 k	Small Cap	9.15
Cholamandalam Investment & Finance Co. Ltd.	Non banking financial company (nbfc)	0.61	170.2	0.00%	-0.22%	-	-	-	-	Other	31.6
Swiggy Ltd.	E-retail/ e-commerce	2.34	334.8	0.00%	-0.43%	-	-	-	-	Other	31.6
Pidilite Industries Ltd.	Specialty chemicals	0.44	347.1	0.00%	-0.45%	-	-	-	-	Large Cap	46.78
Dabur India Ltd.	Personal care	0.97	401.2	0.00%	-0.52%	-	-	-	-	Large Cap	46.78
Tube Investments Of India Ltd.	Auto components & equipments	0.69	718.9	0.00%	-0.93%	-	-	-	-	Small Cap	9.15
Cash and Bank	Other		0.5	0.00%	0.00%	-	-	-	-	Other	31.6
Global Health Ltd.	Hospital	1.9	20.1	0.00%	-0.03%	-	-	-	-	Other	31.6
Gujarat State Petronet Ltd.	Gas transmission/marketing		125.8	0.00%	-0.16%	-	-	-	-	Mid Cap	10.16
L&T Technology Services Ltd.	It enabled services		512.7	0.00%	-0.67%	-	-	-	-	Mid Cap	10.16
Gujarat Gas Ltd.	Gas transmission/marketing		123.7	0.00%	-0.16%	-	-	-	-	Other	31.6

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

New Stocks added in Portfolio (in 1 month period ending 31st Jan,2026)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Syngene International Ltd.	Healthcare research, analytics & technology	94.7	0.13%	0.13%	0.13% (Jan 2026)	0% (Feb 2025)	2.00 L	200000
# Suzlon Energy Ltd.	Heavy electrical equipment	190.7	0.26%	0.26%	0.26% (Jan 2026)	0% (Feb 2025)	40.00 L	4000000
# Solar Industries India Ltd.	Explosives	139.9	0.19%	0.19%	0.19% (Jan 2026)	0% (Feb 2025)	10.38 k	10379
# Wipro Ltd.	Computers - software & consulting	355.4	0.48%	0.48%	0.48% (Jan 2026)	0% (Feb 2025)	15.00 L	1500000
# J S W Energy Ltd.	Power generation	321.9	0.43%	0.43%	0.52% (Sep 2025)	0% (Feb 2025)	7.00 L	700000
# Greenply Industries Ltd.	Plywood boards/ laminates	9	0.01%	0.01%	0.01% (Jan 2026)	0% (Feb 2025)	40.00 k	40000
# LTIMindtree Ltd.	Computers - software & consulting	119.5	0.16%	0.16%	0.72% (Mar 2025)	0% (Feb 2025)	20.00 k	20000
# Tata Power Co. Ltd.	Integrated power utilities	109.9	0.15%	0.15%	0.15% (Jan 2026)	0% (Feb 2025)	3.00 L	300000
# Oil & Natural Gas Corporation Ltd.	Oil exploration & production	672.4	0.90%	0.90%	0.9% (Jan 2026)	0% (Feb 2025)	25.00 L	2500000
# Godrej Properties Ltd.	Residential, commercial projects	126.1	0.17%	0.17%	0.69% (Apr 2025)	0% (Feb 2025)	80.00 k	80000
# Bharat Heavy Electricals Ltd.	Heavy electrical equipment	197	0.26%	0.26%	0.26% (Jan 2026)	0% (Feb 2025)	7.50 L	750000
# Cipla Ltd.	Pharmaceuticals	132.4	0.18%	0.18%	0.18% (Jan 2026)	0% (Feb 2025)	1.00 L	100000
# Coforge Ltd.	Computers - software & consulting	372.1	0.50%	0.50%	0.5% (Jan 2026)	0% (Feb 2025)	2.25 L	225000
# DLF Ltd.	Residential, commercial projects	127.2	0.17%	0.17%	0.17% (Jan 2026)	0% (Feb 2025)	2.00 L	200000
# Hitachi Energy India Ltd.	Heavy electrical equipment	282.9	0.38%	0.38%	0.38% (Jan 2026)	0% (Feb 2025)	15.00 k	15000
# KEC International Ltd.	Heavy electrical equipment	366.9	0.49%	0.49%	0.85% (Feb 2025)	0% (Feb 2025)	5.50 L	550000

Stocks removed from Portfolio (in 1 month period ending 31st Jan,2026)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	1M Change in Qty
Cholamandalam Investment & Finance Co. Ltd.	Non banking financial company (nbfc)	170.2	0.00%	-0.22%	1.16% (Jul 2025)	0% (Feb 2025)	-100000
Swiggy Ltd.	E-retail/ e-commerce	334.8	0.00%	-0.43%	0.61% (Jul 2025)	0% (Feb 2025)	-866667
Pidilite Industries Ltd.	Specialty chemicals	347.1	0.00%	-0.45%	0.73% (Nov 2025)	0% (Feb 2025)	-234137
Dabur India Ltd.	Personal care	401.2	0.00%	-0.52%	1.2% (Nov 2025)	0% (Feb 2025)	-796681
Tube Investments Of India Ltd.	Auto components & equipments	718.9	0.00%	-0.93%	0.93% (Dec 2025)	0% (Feb 2025)	-275000
- Cash and Bank	Other	0.5	0.00%	0.00%	0% (Mar 2026)	0% (Mar 2026)	0
Global Health Ltd.	Hospital	20.1	0.00%	-0.03%	0.03% (Dec 2025)	0% (Feb 2025)	-16966
Gujarat State Petronet Ltd.	Gas transmission/marketing	125.8	0.00%	-0.16%	0.16% (Dec 2025)	0% (Feb 2025)	-410792
L&T Technology Services Ltd.	It enabled services	512.7	0.00%	-0.67%	0.97% (Nov 2025)	0% (Feb 2025)	-114901
Gujarat Gas Ltd.	Gas transmission/marketing	123.7	0.00%	-0.16%	0.16% (Dec 2025)	0% (Feb 2025)	-300000

Trend in stock holdings (Top 15 Holding)

Stock	Jan 2026	Dec 2025	Nov 2025	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025
HDFC Bank Ltd.	9.26%	8.74%	8.65%	7.36%	7.26%	7.29%	7.86%	8.16%	8.46%	8.58%	8.50%	9.09%	8.41%
ICICI Bank Ltd.	7.59%	7.49%	7.53%	7.04%	6.75%	6.36%	6.66%	7.32%	8.16%	8.26%	8.13%	7.59%	7.45%
Reliance Industries Ltd.	2.52%	3.87%	3.84%	4.08%	4.34%	4.33%	4.39%	5.72%	6.18%	7.05%	6.84%	7.17%	7.13%
Infosys Ltd.	4.17%	4.40%	5.03%	4.85%	4.88%	4.79%	4.76%	4.42%	4.04%	3.97%	3.31%	3.35%	5.08%
Tata Consultancy Services Ltd.	3.45%	3.12%	3.93%	3.88%	3.79%	3.86%	3.76%	4.20%	4.34%	4.44%	4.83%	4.87%	3.84%
Axis Bank Ltd.	1.65%	2.14%	1.98%	1.94%	1.78%	2.57%	2.60%	3.74%	3.73%	3.80%	4.17%	4.01%	3.57%
Kotak Mahindra Bank Ltd.	3.27%	3.40%	3.15%	3.16%	3.10%	3.06%	2.88%	2.56%	2.26%	2.00%	1.88%	1.51%	-
State Bank Of India	1.87%	2.07%	2.78%	3.58%	3.45%	3.18%	3.12%	2.59%	2.21%	1.10%	-	-	1.71%
Sun Pharmaceutical Industries Ltd.	0.64%	1.28%	2.60%	2.76%	2.70%	2.71%	2.86%	2.42%	2.05%	1.66%	1.75%	1.92%	1.98%
Maruti Suzuki India Ltd.	0.78%	0.65%	0.72%	0.74%	1.63%	2.41%	2.54%	2.45%	2.51%	2.81%	2.92%	3.16%	3.07%
Mahindra & Mahindra Ltd.	1.61%	1.68%	2.21%	2.08%	2.32%	1.95%	1.94%	1.78%	1.50%	1.51%	1.60%	1.62%	1.77%
Eternal Ltd.	2.34%	1.71%	1.16%	1.04%	1.21%	1.62%	1.65%	1.48%	2.02%	1.86%	3.52%	-	-
Zomato Ltd.	-	-	-	-	-	-	-	-	-	-	-	1.55%	1.45%
Indusind Bank Ltd.	-	-	-	-	-	-	-	-	-	1.46%	1.40%	2.07%	1.60%
Info Edge (India) Ltd.	2.05%	1.99%	1.97%	2.07%	2.04%	1.60%	1.62%	1.27%	1.26%	1.28%	0.57%	-	-
National Thermal Power Corporation Ltd.	0.67%	1.50%	2.11%	2.20%	2.31%	2.22%	2.24%	2.20%	-	-	0.10%	1.49%	0.44%