Kotak Balanced Advantage 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.

Category : Dynamic Asset Allocation or Balanced Advantage

Portfolio Turnover Ratio : 210.56%. Category average turnover ratio is 220.79%. 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 : 68.49% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 68.49%

No of Stocks : 110 (Category Avg - 75.26) | Large Cap Investments : 43.21%| Mid Cap Investments : 6.73% | Small Cap Investments : 4.64% | Other : 13.91%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	110	71.54
Top 5 Stock Weight	16.83%	21.44%
Top 10 Stock Weight	25.94%	32.64%
Top 3 Sector Weight	21.71%	24.36%

Category - Dynamic Asset Allocation or Balanced Advantage

Particulars	This Scheme	Category
Average mcap (Cr)	107536.66	94702.15
Holdings in large cap stocks	43.21%	38.05%
Holdings in mid cap stocks	6.73%	8.49%
Holdings in small cap stocks	4.64%	4.5%

Category - Dynamic Asset Allocation or Balanced Advantage

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
Reliance Industries Ltd.	Refineries & marketing	7282.2	4.07%	0.25%	4.16% (Jun 2025)	2.57% (Nov 2024)	48.99 L	0.00
ICICI Bank Ltd.	Private sector bank	6983	3.91%	-0.02%	4.31% (Jul 2025)	3.67% (Jan 2025)	51.91 L	90.00 k
HDFC Bank Ltd.	Private sector bank	6275.5	3.51%	0.05%	5.07% (Nov 2024)	3.24% (Jan 2025)	63.56 L	0.00
State Bank Of India	Public sector bank	5363.4	3.00%	0.14%	3% (Oct 2025)	0.92% (Feb 2025)	57.24 L	0.00
Infosys Ltd.	Computers - software & consulting	4176.6	2.34%	-0.06%	4.02% (Jan 2025)	2.34% (Oct 2025)	28.18 L	-0.95 L
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	3856.2	2.16%	0.14%	2.16% (Oct 2025)	1.4% (Dec 2024)	18.77 L	0.00
Larsen & Toubro Ltd.	Civil construction	3554.2	1.99%	0.14%	1.99% (Oct 2025)	1.74% (Feb 2025)	8.82 L	0.00
ITC Limited	Diversified fmcg	3129.4	1.75%	0.04%	1.79% (May 2025)	1.44% (Mar 2025)	74.45 L	0.00
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	3004.3	1.68%	-0.01%	1.92% (Nov 2024)	1.53% (Mar 2025)	8.62 L	0.00
Bajaj Finance Ltd.	Non banking financial company (nbfc)	2729.3	1.53%	0.03%	1.53% (Oct 2025)	1.04% (Nov 2024)	26.17 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

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
Reliance Industries Ltd.	Refineries & marketing	5.08	7282.2	4.07%	0.25%	4.16% (Jun 2025)	2.57% (Nov 2024)	48.99 L	0.00	Large Cap	43.21
ICICI Bank Ltd.	Private sector bank	10.08	6983	3.91%	-0.02%	4.31% (Jul 2025)	3.67% (Jan 2025)	51.91 L	90.00 k	Large Cap	43.21
HDFC Bank Ltd.	Private sector bank	10.08	6275.5	3.51%	0.05%	5.07% (Nov 2024)	3.24% (Jan 2025)	63.56 L	0.00	Other	13.91
State Bank Of India	Public sector bank	3.55	5363.4	3.00%	0.14%	3% (Oct 2025)	0.92% (Feb 2025)	57.24 L	0.00	Large Cap	43.21
Infosys Ltd.	Computers - software & consulting	6.55	4176.6	2.34%	-0.06%	4.02% (Jan 2025)	2.34% (Oct 2025)	28.18 L	-0.95 L	Large Cap	43.21
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	2.59	3856.2	2.16%	0.14%	2.16% (Oct 2025)	1.4% (Dec 2024)	18.77 L	0.00	Large Cap	43.21
Larsen & Toubro Ltd.	Civil construction	2.11	3554.2	1.99%	0.14%	1.99% (Oct 2025)	1.74% (Feb 2025)	8.82 L	0.00	Large Cap	43.21
ITC Limited	Diversified fmcg	2.49	3129.4	1.75%	0.04%	1.79% (May 2025)	1.44% (Mar 2025)	74.45 L	0.00	Large Cap	43.21
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	3.3	3004.3	1.68%	-0.01%	1.92% (Nov 2024)	1.53% (Mar 2025)	8.62 L	0.00	Large Cap	43.21
Bajaj Finance Ltd.	Non banking financial company (nbfc)	2.2	2729.3	1.53%	0.03%	1.53% (Oct 2025)	1.04% (Nov 2024)	26.17 L	0.00	Other	13.91
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	3.3	2695.9	1.51%	-0.02%	1.53% (Sep 2025)	1.08% (Jun 2025)	1.67 L	0.00	Large Cap	43.21
Axis Bank Ltd.	Private sector bank	10.08	2671.8	1.49%	0.09%	1.65% (Apr 2025)	1.31% (Aug 2025)	21.67 L	0.00	Large Cap	43.21
InterGlobe Aviation Ltd.	Airline	1.39	2476.8	1.39%	-0.02%	2.64% (May 2025)	1.39% (Oct 2025)	4.40 L	0.00	Large Cap	43.21
Eternal Ltd.	E-retail/ e-commerce	1.43	2329	1.30%	-0.07%	1.43% (Nov 2024)	0.94% (Mar 2025)	73.30 L	0.00	Other	13.91
Solar Industries India Ltd.	Explosives	1.19	2124.5	1.19%	0.02%	1.52% (Jun 2025)	0.76% (Feb 2025)	1.53 L	0.00	Small Cap	4.64
Kotak Mahindra Bank Ltd.	Private sector bank	10.08	2088.8	1.17%	0.04%	1.29% (Mar 2025)	1.02% (Nov 2024)	9.94 L	0.00	Large Cap	43.21
Adani Ports And Special Economic Zone Ltd.	Port & port services	1.06	1897.4	1.06%	0.01%	1.12% (May 2025)	0.94% (Jan 2025)	13.07 L	0.00	Large Cap	43.21
Bharat Petroleum Corporation Ltd.	Refineries & marketing	5.08	1812.9	1.01%	0.02%	1.01% (Oct 2025)	0.75% (Jan 2025)	50.81 L	0.00	Large Cap	43.21
Tata Consultancy Services Ltd.	Computers - software & consulting	6.55	1789.9	1.00%	0.03%	1.77% (Nov 2024)	0.97% (Sep 2025)	5.85 L	0.00	Large Cap	43.21
Mphasis Ltd.	Computers - software & consulting	6.55	1763.9	0.99%	0.02%	1.15% (Nov 2024)	0.87% (Feb 2025)	6.38 L	0.00	Mid Cap	6.73
Vedanta Ltd.	Diversified metals	0.95	1700.5	0.95%	0.03%	1.29% (Mar 2025)	0.84% (Jul 2025)	34.45 L	0.00	Large Cap	43.21
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	2.3	1690.5	0.95%	0.04%	1.08% (Apr 2025)	0.83% (Feb 2025)	10.00 L	0.00	Large Cap	43.21
- GE T&D India Ltd.	Heavy electrical equipment	0.89	1597.3	0.89%	0.00%	0.89% (Oct 2025)	0.45% (Feb 2025)	5.26 L	0.00	Small Cap	4.64
Ultratech Cement Ltd.	Cement & cement products	1.75	1595.6	0.89%	-0.04%	0.97% (Aug 2025)	0.82% (Nov 2024)	1.34 L	0.00	Large Cap	43.21
Persistent Systems Ltd.	Computers - software & consulting	6.55	1587.4	0.89%	0.07%	1.25% (Nov 2024)	0.82% (Sep 2025)	2.68 L	-0.30 L	Other	13.91
Coromandel International Ltd.	Fertilizers	0.85	1518.7	0.85%	-0.07%	1.21% (Jul 2025)	0.85% (Oct 2025)	7.15 L	0.00	Mid Cap	6.73
- Power Grid Corporation of India Ltd.	Power - transmission	0.82	1465	0.82%	0.00%	0.82% (Sep 2025)	0.68% (Feb 2025)	50.84 L	0.00	Large Cap	43.21
National Thermal Power Corporation Ltd.	Power generation	0.92	1362.5	0.76%	-0.03%	0.89% (Mar 2025)	0.51% (Jan 2025)	40.44 L	0.00	Large Cap	43.21
Hindustan Unilever Ltd.	Diversified fmcg	2.49	1315.8	0.74%	-0.09%	1.25% (Jan 2025)	0.74% (Oct 2025)	5.34 L	-0.41 L	Large Cap	43.21
Ambuja Cements Ltd.	Cement & cement products	1.75	1274.6	0.71%	-0.16%	1.04% (Dec 2024)	0.71% (Oct 2025)	22.54 L	-4.03 L	Large Cap	43.21
- Tech Mahindra Ltd.	Computers - software & consulting	6.55	1260.4	0.71%	0.00%	1.11% (Jan 2025)	0.71% (Sep 2025)	8.85 L	0.00	Large Cap	43.21
Schaeffler India Ltd.	Auto components & equipments	2.24	1226.5	0.69%	-0.04%	0.74% (May 2025)	0.59% (Feb 2025)	3.05 L	0.00	Other	13.91
ICICI Lombard General Insurance Co Ltd.	General insurance	0.68	1220.1	0.68%	0.08%	0.68% (Oct 2025)	0.59% (Aug 2025)	6.12 L	55.64 k	Large Cap	43.21
Gujarat State Petronet Ltd.	Gas transmission/marketing	0.64	1147.2	0.64%	-0.02%	0.79% (Dec 2024)	0.62% (Aug 2025)	37.05 L	0.00	Mid Cap	6.73
United Spirits Ltd.	Breweries & distilleries	0.61	1086.1	0.61%	0.03%	0.92% (Dec 2024)	0.57% (Aug 2025)	7.59 L	0.00	Large Cap	43.21
V-Guard Industries Ltd.	Household appliances	0.6	1066.6	0.60%	-0.03%	0.73% (Dec 2024)	0.58% (Feb 2025)	29.44 L	0.00	Small Cap	4.64
Power Finance Corporation Ltd.	Financial institution	0.59	1058	0.59%	-0.03%	0.65% (Mar 2025)	0.44% (Feb 2025)	26.24 L	0.00	Mid Cap	6.73
Hindalco Industries Ltd.	Aluminium	0.59	1049.9	0.59%	0.05%	0.63% (Mar 2025)	0.48% (Jul 2025)	12.38 L	0.00	Large Cap	43.21
- Yatharth Hospital And Trauma Care Services Ltd.	Hospital	1.53	1033.9	0.58%	0.00%	0.59% (Aug 2025)	0% (Nov 2024)	12.98 L	-0.75 L	Other	13.91
PB Fintech Ltd.	Financial technology (fintech)	0.57	1013.9	0.57%	0.04%	0.71% (Dec 2024)	0.52% (Apr 2025)	5.68 L	26.17 k	Other	13.91
Aptus Value Housing Finance India Ltd.	Housing finance company	0.54	965.9	0.54%	-0.02%	0.56% (Sep 2025)	0% (Nov 2024)	30.41 L	0.00	Other	13.91
Bosch Ltd.	Auto components & equipments	2.24	951.1	0.53%	-0.03%	0.66% (Nov 2024)	0.53% (Oct 2025)	25.54 k	0.00	Large Cap	43.21
Godrej Consumer Products Ltd	Personal care	0.52	928.9	0.52%	0.04%	0.93% (Nov 2024)	0.48% (Sep 2025)	8.30 L	1.13 L	Large Cap	43.21
Shriram Finance Ltd.	Non banking financial company (nbfc)	2.2	870.7	0.49%	0.08%	0.49% (Oct 2025)	0.34% (Jan 2025)	11.63 L	0.00	Other	13.91
Oberoi Realty Ltd.	Residential, commercial projects	1.36	852.9	0.48%	0.05%	0.75% (Dec 2024)	0.43% (Sep 2025)	4.80 L	0.00	Mid Cap	6.73
Apollo Tyres Limited	Tyres & rubber products	0.47	834.6	0.47%	0.02%	0.47% (Oct 2025)	0.39% (Feb 2025)	16.64 L	0.00	Mid Cap	6.73
Jubilant Foodworks Ltd.	Restaurants	0.47	831	0.46%	-0.03%	0.55% (Jun 2025)	0% (Nov 2024)	13.90 L	0.00	Other	13.91
Indus Towers Ltd.	Telecom - infrastructure	0.45	805	0.45%	0.02%	0.67% (Apr 2025)	0.01% (Nov 2024)	22.14 L	0.00	Large Cap	43.21
Motherson Sumi Systems Ltd.	Auto components & equipments	2.24	800.1	0.45%	-0.01%	1% (Nov 2024)	0.45% (Oct 2025)	75.92 L	0.00	Large Cap	43.21
Mahindra Lifespace Developers Ltd.	Residential, commercial projects	1.36	794	0.44%	0.02%	0.44% (Nov 2024)	0.27% (Mar 2025)	20.58 L	0.00	Small Cap	4.64
Sansera Engineering Ltd.	Auto components & equipments	2.24	761.4	0.43%	0.04%	0.47% (Nov 2024)	0.32% (Apr 2025)	5.03 L	0.00	Other	13.91
- Wipro Ltd.	Computers - software & consulting	6.55	760.8	0.43%	0.00%	0.59% (Jan 2025)	0.32% (Nov 2024)	31.61 L	0.00	Large Cap	43.21
Oil & Natural Gas Corporation Ltd.	Oil exploration & production	0.42	756.6	0.42%	0.01%	0.47% (Jan 2025)	0.4% (Dec 2024)	29.63 L	0.00	Large Cap	43.21
Krishna Institute of Medical Sciences Ltd.	Hospital	1.53	743.6	0.42%	0.01%	0.44% (Jul 2025)	0.33% (Nov 2024)	10.31 L	0.00	Other	13.91
Bharat Electronics Ltd.	Aerospace & defense	0.56	721.9	0.40%	0.01%	0.4% (Oct 2025)	0.14% (Feb 2025)	16.94 L	0.00	Mid Cap	6.73
Ratnamani Metals & Tubes Ltd.	Iron & steel products	0.59	702	0.39%	-0.01%	0.59% (Nov 2024)	0.39% (Oct 2025)	2.90 L	0.00	Small Cap	4.64
HDFC Life Insurance Company Ltd.	Life insurance	0.38	683.4	0.38%	-0.02%	0.48% (Nov 2024)	0.34% (Dec 2024)	9.34 L	0.00	Large Cap	43.21
Ami Organics Ltd.	Pharmaceuticals	2.3	673.8	0.38%	0.09%	0.38% (Oct 2025)	0% (Nov 2024)	3.90 L	0.00	Other	13.91
Apollo Hospitals Enterprises Ltd.	Hospital	1.53	672.1	0.38%	0.01%	0.38% (Dec 2024)	0.33% (Feb 2025)	87.50 k	0.00	Mid Cap	6.73
- Bajaj Auto Ltd.	2/3 wheelers	0.36	644.5	0.36%	0.00%	0.36% (Oct 2025)	0% (Nov 2024)	72.47 k	0.00	Large Cap	43.21
Titan Company Ltd.	Gems, jewellery and watches	0.33	595.4	0.33%	0.02%	0.43% (Nov 2024)	0.31% (Sep 2025)	1.59 L	0.00	Large Cap	43.21
J.b. Chemicals & Pharmaceuticals Ltd.	Pharmaceuticals	2.3	591.6	0.33%	-0.01%	0.36% (Feb 2025)	0.32% (Nov 2024)	3.52 L	0.00	Other	13.91
Bank Of Baroda	Public sector bank	3.55	571.7	0.32%	0.02%	0.43% (Nov 2024)	0.28% (Aug 2025)	20.53 L	0.00	Large Cap	43.21
Godrej Properties Ltd.	Residential, commercial projects	1.36	551.1	0.31%	0.04%	0.63% (Dec 2024)	0% (Nov 2024)	2.41 L	0.00	Mid Cap	6.73
SRF Ltd.	Specialty chemicals	0.31	549.1	0.31%	0.01%	0.34% (Jun 2025)	0% (Nov 2024)	1.87 L	0.00	Mid Cap	6.73
Carborundum Universal Ltd.	Abrasives & bearings	0.28	498.9	0.28%	-0.01%	0.46% (Nov 2024)	0.28% (Feb 2025)	5.54 L	0.00	Small Cap	4.64
Cipla Ltd.	Pharmaceuticals	2.3	481.5	0.27%	-0.01%	0.29% (Apr 2025)	0.04% (Nov 2024)	3.21 L	0.00	Large Cap	43.21
Bharti Airtel Ltd. - Partly Paid	Telecom - cellular & fixed line services	2.59	469	0.26%	0.02%	0.26% (Oct 2025)	0.21% (Dec 2024)	2.99 L	0.00	Other	13.91
- KEI Industries Ltd.	Cables - electricals	0.24	424.3	0.24%	0.00%	0.26% (Dec 2024)	0.18% (Mar 2025)	1.05 L	0.00	Small Cap	4.64
DR. LAL PATHLABS Ltd.	Healthcare service provider	0.21	381.3	0.21%	0.01%	0.22% (Aug 2025)	0% (Nov 2024)	1.22 L	6.83 k	Small Cap	4.64
Astral Ltd.	Plastic products - industrial	0.21	378.6	0.21%	0.01%	0.37% (Nov 2024)	0.2% (Sep 2025)	2.61 L	0.00	Mid Cap	6.73
- Jindal Steel Ltd.	Iron & steel products	0.59	355.4	0.20%	0.00%	0.2% (Oct 2025)	0.01% (Jul 2025)	3.33 L	0.00	Mid Cap	6.73
- Jyoti CNC Automation Ltd.	Industrial products	0.2	351	0.20%	0.00%	0.32% (Dec 2024)	0.2% (Sep 2025)	4.06 L	0.00	Other	13.91
# LTIMindtree Ltd.	Computers - software & consulting	6.55	341.1	0.19%	0.19%	0.19% (Oct 2025)	0% (Nov 2024)	60.00 k	60.00 k	Mid Cap	6.73
Coal India Ltd.	Coal	0.18	326.5	0.18%	-0.01%	0.21% (Nov 2024)	0.18% (Aug 2025)	8.40 L	0.00	Large Cap	43.21
Tata Communications Ltd.	Telecom - cellular & fixed line services	2.59	308.9	0.17%	0.02%	0.17% (Oct 2025)	0.14% (Aug 2025)	1.65 L	4.73 k	Mid Cap	6.73
Havells India Ltd.	Consumer electronics	0.22	290.3	0.16%	-0.01%	0.18% (Apr 2025)	0.1% (Dec 2024)	1.94 L	0.00	Large Cap	43.21
Zen Technologies Ltd.	Aerospace & defense	0.56	285.9	0.16%	-0.01%	0.37% (Dec 2024)	0.16% (Oct 2025)	2.11 L	0.00	Small Cap	4.64
- Computer Age Management Services Pvt Ltd.	Depositories, clearing houses and other intermediaries	0.16	284	0.16%	0.00%	0.16% (Oct 2025)	0% (Nov 2024)	72.07 k	0.00	Other	13.91
NTPC Green Energy Ltd.	Power generation	0.92	277.2	0.16%	-0.10%	0.66% (Dec 2024)	0.16% (Oct 2025)	26.88 L	-0.19 Cr	Other	13.91
Rainbow Childrens Medicare Ltd.	Hospital	1.53	273.9	0.15%	-0.01%	0.16% (Sep 2025)	0% (Nov 2024)	2.00 L	0.00	Other	13.91
Canara Bank	Public sector bank	3.55	253.4	0.14%	0.01%	0.14% (Oct 2025)	0.09% (Feb 2025)	18.50 L	0.00	Other	13.91
WABCO India Ltd.	Auto components & equipments	2.24	251.5	0.14%	-0.01%	0.16% (Mar 2025)	0.13% (Jan 2025)	20.24 k	0.00	Mid Cap	6.73
FSN E-Commerce Ventures Ltd.	E-retail/ e-commerce	1.43	237.4	0.13%	0.06%	0.2% (May 2025)	0.06% (Jul 2025)	9.57 L	4.65 L	Other	13.91
- Lupin Ltd.	Pharmaceuticals	2.3	231.6	0.13%	0.00%	0.15% (Apr 2025)	0% (Nov 2024)	1.18 L	0.00	Large Cap	43.21
DLF Ltd.	Residential, commercial projects	1.36	230.2	0.13%	0.01%	0.31% (Dec 2024)	0.12% (Sep 2025)	3.04 L	0.00	Large Cap	43.21
CreditAccess Grameen Ltd.	Microfinance institutions	0.12	209.7	0.12%	0.01%	0.12% (Oct 2025)	0% (Nov 2024)	1.47 L	0.00	Small Cap	4.64
Grasim Industries Limited	Cement & cement products	1.75	208.2	0.12%	0.01%	0.12% (Aug 2025)	0% (Nov 2024)	72.00 k	0.00	Large Cap	43.21
- Techno Electric & Engineering Co. Ltd.	Civil construction	2.11	207.2	0.12%	0.00%	0.15% (Dec 2024)	0.1% (Mar 2025)	1.57 L	0.00	Small Cap	4.64
# Hyundai Motor India Ltd.	Passenger cars & utility vehicles	3.3	202.2	0.11%	0.11%	0.11% (Oct 2025)	0% (Nov 2024)	82.92 k	82.92 k	Other	13.91
Edelweiss Securities Pvt. Ltd.	Stockbroking & allied	0.11	201.1	0.11%	0.01%	0.11% (Oct 2025)	0% (Nov 2024)	28.36 k	0.00	Other	13.91
# Tata Capital Ltd.	Non banking financial company (nbfc)	2.2	200.8	0.11%	0.00%	0.11% (Oct 2025)	0% (Nov 2024)	6.14 L	6.14 L	Other	13.91
- Glenmark Pharmaceuticals Ltd.	Pharmaceuticals	2.3	176.6	0.10%	0.00%	0.19% (Jun 2025)	0.1% (Sep 2025)	93.38 k	0.00	Mid Cap	6.73
- Piramal Pharma Ltd.	Pharmaceuticals	2.3	174.7	0.10%	0.00%	0.1% (Jul 2025)	0% (Nov 2024)	8.75 L	0.00	Other	13.91
- Punjab National Bank	Public sector bank	3.55	168.1	0.09%	0.00%	0.14% (Apr 2025)	0.08% (Jul 2025)	13.68 L	0.00	Large Cap	43.21
Cummins India Ltd.	Compressors, pumps & diesel engines	0.09	158.1	0.09%	0.01%	0.25% (Nov 2024)	0.08% (Sep 2025)	36.40 k	-0.80 k	Mid Cap	6.73
HDB Financial Services Ltd.	Non banking financial company (nbfc)	2.2	130.5	0.07%	-0.01%	0.08% (Aug 2025)	0% (Nov 2024)	1.78 L	0.00	Other	13.91
# LG Electronics India Pvt. Ltd.	Consumer electronics	0.22	112.1	0.06%	0.06%	0.06% (Oct 2025)	0% (Nov 2024)	67.38 k	67.38 k	Other	13.91
Bharat Forge Ltd.	Castings & forgings	0.06	99.4	0.06%	0.04%	0.06% (Oct 2025)	0% (Nov 2024)	75.00 k	50.00 k	Mid Cap	6.73
- Adani Enterprises Ltd.	Trading - minerals	0.05	90.8	0.05%	0.00%	0.05% (Mar 2025)	0.05% (Oct 2025)	36.60 k	0.00	Mid Cap	6.73
- Zydus Lifesciences Ltd.	Pharmaceuticals	2.3	57.9	0.03%	0.00%	0.2% (Jan 2025)	0.03% (Aug 2025)	59.40 k	0.00	Mid Cap	6.73
- Indian Hotels Company Limited	Hotels & resorts	0.03	51.3	0.03%	0.00%	0.03% (Sep 2025)	0% (Nov 2024)	69.11 k	0.00	Mid Cap	6.73
- Dalmia Bharat Ltd.	Cement & cement products	1.75	45.2	0.03%	0.00%	0.08% (Aug 2025)	0% (Nov 2024)	21.53 k	0.00	Mid Cap	6.73
- Bajaj Finserv Ltd	Holding company	0.02	34.5	0.02%	0.00%	0.02% (Mar 2025)	0.02% (Jan 2025)	16.50 k	0.00	Other	13.91
- Devyani International Ltd.	Restaurants	0.47	24.5	0.01%	0.00%	0.02% (Aug 2025)	0% (Nov 2024)	1.51 L	0.00	Other	13.91
- Biocon Ltd.	Pharmaceuticals	2.3	12.1	0.01%	0.00%	0.01% (Feb 2025)	0.01% (May 2025)	32.50 k	0.00	Mid Cap	6.73
- Fortis Healthcare Ltd.	Hospital	1.53	7.1	0.00%	0.00%	0% (Aug 2025)	0% (Nov 2024)	6.98 k	0.00	Other	13.91
- Steel Authority Of India Ltd.	Iron & steel products	0.59	7.1	0.00%	0.00%	0% (Apr 2025)	0% (Nov 2024)	51.70 k	0.00	Mid Cap	6.73
- Container Corporation Of India Ltd.	Logistics solution provider	0	0.7	0.00%	0.00%	0.02% (Mar 2025)	0% (Jul 2025)	1.25 k	0.00	Large Cap	43.21
- Metro Brands Ltd.	Footwear	0	0.5	0.00%	0.00%	0% (Sep 2025)	0% (Nov 2024)	410.00	0.00	Other	13.91
Tata Motors Ltd.	Passenger cars & utility vehicles	3.3	408.1	0.00%	-0.23%	-	-	-	-	Large Cap	43.21

- 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
# LG Electronics India Pvt. Ltd.	Consumer electronics	112.1	0.06%	0.06%	0.06% (Oct 2025)	0% (Nov 2024)	67.38 k	67379
# LTIMindtree Ltd.	Computers - software & consulting	341.1	0.19%	0.19%	0.19% (Oct 2025)	0% (Nov 2024)	60.00 k	60000
# Hyundai Motor India Ltd.	Passenger cars & utility vehicles	202.2	0.11%	0.11%	0.11% (Oct 2025)	0% (Nov 2024)	82.92 k	82922

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	Quantity	1M Change in Qty
Tata Motors Ltd.	Passenger cars & utility vehicles	408.1	0.00%	-0.23%	0.26% (Jan 2025)	0% (Nov 2024)	0.00	-600000

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
ICICI Bank Ltd.	3.91%	3.93%	4.11%	4.31%	4.17%	4.25%	4.28%	4.16%	3.71%	3.67%	3.69%	3.73%	3.76%
HDFC Bank Ltd.	3.51%	3.46%	3.49%	3.66%	3.60%	3.56%	3.60%	3.51%	3.48%	3.24%	4.41%	5.07%	5.86%
Reliance Industries Ltd.	4.07%	3.82%	3.83%	3.88%	4.16%	4.01%	4.05%	3.62%	3.02%	3.02%	3.00%	2.57%	2.60%
Infosys Ltd.	2.34%	2.40%	2.50%	2.54%	3.25%	3.23%	3.16%	3.38%	3.80%	4.02%	3.95%	3.90%	3.74%
InterGlobe Aviation Ltd.	1.39%	1.41%	1.53%	1.84%	2.60%	2.64%	2.35%	2.35%	2.18%	2.00%	2.07%	1.99%	1.86%
Larsen & Toubro Ltd.	1.99%	1.85%	1.83%	1.83%	1.83%	1.92%	1.78%	1.91%	1.74%	1.86%	1.85%	1.91%	1.88%
Bharti Airtel Ltd.	2.16%	2.02%	2.04%	2.05%	2.13%	2.01%	1.68%	1.57%	1.49%	1.46%	1.40%	1.44%	1.44%
Mahindra & Mahindra Ltd.	1.68%	1.69%	1.62%	1.64%	1.61%	1.63%	1.64%	1.53%	1.65%	1.81%	1.79%	1.92%	1.76%
ITC Limited	1.75%	1.71%	1.76%	1.75%	1.75%	1.79%	1.56%	1.44%	1.45%	1.56%	1.61%	1.58%	1.55%
State Bank Of India	3.00%	2.86%	2.65%	2.60%	1.10%	1.11%	1.10%	0.98%	0.92%	0.94%	0.95%	0.93%	0.92%
Axis Bank Ltd.	1.49%	1.40%	1.31%	1.32%	1.47%	1.49%	1.65%	1.58%	1.52%	1.40%	1.49%	1.59%	1.64%
Tata Consultancy Services Ltd.	1.00%	0.97%	1.04%	1.01%	1.15%	1.17%	1.19%	1.56%	1.52%	1.71%	1.70%	1.77%	1.66%
Bajaj Finance Ltd.	1.53%	1.50%	1.36%	1.35%	1.42%	1.42%	1.36%	1.45%	1.45%	1.27%	1.08%	1.04%	0.95%
Maruti Suzuki India Ltd.	1.51%	1.53%	1.48%	1.11%	1.08%	1.09%	1.27%	1.38%	1.49%	1.21%	1.27%	1.29%	1.31%
Eternal Ltd.	1.30%	1.37%	1.33%	1.29%	1.15%	1.06%	1.05%	1.88%	-	-	-	-	-
Zomato Ltd.	-	-	-	-	-	-	-	-	1.08%	1.02%	1.23%	1.43%	0.68%

No of Debt Holding 51 (Category Avg - 29.49) | Modified Duration 7.33 Years (Category Avg - 3.12)| Yield to Maturity 7.02% (Category Avg - 6.65%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	16.21%	8.49%
CD	0.06%	0.28%
T-Bills	0.00%	0.96%
CP	0.98%	0.41%
NCD & Bonds	6.61%	10.62%
PTC	0.00%	0.29%

Category - Dynamic Asset Allocation or Balanced Advantage

Security Type	% Weight	Category Average
Government Backed	16.21%	9.46%
Low Risk	7.56%	10.68%
Moderate Risk	0.09%	0.71%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Category - Dynamic Asset Allocation or Balanced Advantage

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

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Govt of India	GOI	Other			13248.62	7.41%	13.21 Cr
Bond - Govt of India	GOI	Other			4177.25	2.34%	4.25 Cr
Bond - Govt of India	GOI	Other			3298.52	1.85%	3.27 Cr
Bond - Govt of India	GOI	Other			3070.41	1.72%	3.23 Cr
Bond - Govt of India	GOI	Other			2031.31	1.14%	2.10 Cr
Bond - Jtpm Metal Traders Pvt Ltd.	NCD & Bonds	Trading - metals	AA	CRISIL	2038.20	1.14%	20.00 k
Bond - National Housing Bank	NCD & Bonds	Financial institution	CARE AAA	CARE	1982.91	1.11%	20.00 k
Bond - Bharti Telecom Ltd.	NCD & Bonds	Telecom - equipment & accessories	AAA	CRISIL	1793.43	1.00%	17.50 k
Bond - Govt of India	GOI	Other			1485.54	0.83%	1.50 Cr
Bond - Bajaj Auto Credit Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	997.19	0.56%	2.00 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	980.02	0.55%	17.50 k
Bond - Telangana State Industrial Infrastructure Corporation Ltd.	NCD & Bonds	Diversified commercial services	AA	FITCH	899.97	0.50%	8.90 k
Bond - Mindspace Business Parks REIT	NCD & Bonds	Real estate investment trusts (reits)	AAA	CRISIL	770.14	0.43%	7.50 k
Bond - Nuvoco Vistas Corporation Ltd.	CP	Cement & cement products	P1+	CRISIL	748.30	0.42%	1.50 k
Bond - Telangana State Industrial Infrastructure Corporation Ltd.	NCD & Bonds	Diversified commercial services	AA	FITCH	533.28	0.30%	5.25 k
Bond - Telangana State Industrial Infrastructure Corporation Ltd.	NCD & Bonds	Diversified commercial services	AA	FITCH	528.88	0.30%	5.25 k
Bond - Muthoot Finance Pvt. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA+	CRISIL	517.08	0.29%	5.00 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	LAAA	ICRA	412.00	0.23%	400.00
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	398.50	0.22%	400.00
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	CARE AAA	CARE	257.34	0.14%	2.50 k
Bond - Govt of India	GOI	Other			244.52	0.14%	25.00 L
Bond - Govt of India	GOI	Other			236.07	0.13%	23.95 L
Bond - Aditya Birla Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAAA	ICRA	171.04	0.10%	1.70 L
Bond - U P Power Corporation Ltd.	NCD & Bonds	Power - transmission	A+	CRISIL	152.23	0.09%	150.00
Bond - Govt of India	GOI	Other			150.62	0.08%	31.20 L
Bond - Govt of India	GOI	Other			131.39	0.07%	30.36 L
Bond - Govt of India	GOI	Other			113.94	0.06%	30.36 L
Bond - Govt of India	GOI	Other			109.36	0.06%	30.36 L
Bond - Govt of India	GOI	Other			105.75	0.06%	30.36 L
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	101.92	0.06%	100.00
Bond - Govt of India	GOI	Other			103.45	0.06%	10.00 L
Bond - Govt of India	GOI	Other			97.69	0.05%	30.36 L
Bond - Govt of India	GOI	Other			78.10	0.04%	30.36 L
Bond - Govt of India	GOI	Other			71.68	0.04%	30.36 L
Bond - Govt of India	GOI	Other			60.92	0.03%	20.56 L
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	49.73	0.03%	500.00
Bond - Union Bank Of India	CD	Public sector bank	A1+	ICRA	49.63	0.03%	500.00
Bond - Govt of India	GOI	Other			56.25	0.03%	5.41 L
Bond - Govt of India	GOI	Other			50.76	0.03%	5.00 L
Bond - HDB Financial Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	50.71	0.03%	500.00
Bond - Tata Projects Ltd.	NCD & Bonds	Civil construction	AA	FITCH	50.57	0.03%	500.00
Bond - Tata Capital Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	50.47	0.03%	50.00
Bond - Punjab National Bank	NCD & Bonds	Public sector bank	AAA	CRISIL	50.06	0.03%	5.00
Bond - Power Grid Corporation of India Ltd.	NCD & Bonds	Power - transmission	AAA	CRISIL	36.21	0.02%	35.00
Bond - Govt of India	GOI	Other			36.53	0.02%	3.61 L
Bond - Govt of India	GOI	Other			20.67	0.01%	2.00 L
Bond - Govt of India	GOI	Other			9.82	0.01%	96.00 k
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	14.95	0.01%	15.00
Bond - Govt of India	GOI	Other			0.03	0.00%	330.00
Bond - Govt of India	GOI	Other			0.02	0.00%	250.00
Bond - Govt of India	GOI	Other			0.00	0.00%	20.00

Name	Type of Instrument	Weight (%)
TREPS	TREPS	4.35%
Reverse Repo	Reverse Repo	1.40%
Net Receivables	Net Receivables	0.77%
MF Units	MF Units	0.69%
Mindspace Business Parks REIT	InvITs	0.19%
Brookfield India Real Estate Trust	InvITs	0.13%
Indus Infra Trust	InvITs	0.12%