Kotak Arbitrage Fund - Direct Plan - Growth Portfolio | Kotak Mahindra Mutual Fund Portfolio

Portfolio Turnover Ratio : 1852.16%. Category average turnover ratio is 1117.16%. Fund manager updated portfolio more frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for shorter duration than peers)

Equity Holding : 74.45% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 74.45%

No of Stocks : 190 (Category Avg - 143.36) | Large Cap Investments : 39.08%| Mid Cap Investments : 12.2% | Small Cap Investments : 2.91% | Other : 20.26%

Portfolio Summary (as on 31st Aug,2025)

Particulars	This Scheme	Category
No. of Stocks	190	113.75
Top 5 Stock Weight	16.32%	21.79%
Top 10 Stock Weight	24.21%	33.47%
Top 3 Sector Weight	21.68%	26.31%

Category - Arbitrage Fund

Particulars	This Scheme	Category
Average mcap (Cr)	87579.33	96600.93
Holdings in large cap stocks	39.08%	39.49%
Holdings in mid cap stocks	12.2%	13.66%
Holdings in small cap stocks	2.91%	3.15%

Category - Arbitrage Fund

Top 10 Stocks holding in Portfolio (as on 31st Aug,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	29713.3	4.11%	0.49%	5.08% (Oct 2024)	0.59% (Nov 2024)	3.12 Cr	1.84 Cr
Reliance Industries Ltd.	Refineries & marketing	25953.1	3.59%	-0.08%	6.95% (Dec 2024)	1.77% (Apr 2025)	1.91 Cr	1.97 L
ICICI Bank Ltd.	Private sector bank	24102.4	3.33%	0.75%	5.13% (Feb 2025)	0.53% (Sep 2024)	1.72 Cr	47.73 L
Axis Bank Ltd.	Private sector bank	23400.7	3.24%	0.45%	4.09% (Dec 2024)	0.92% (Apr 2025)	2.24 Cr	36.82 L
Eternal Ltd.	E-retail/ e-commerce	14792.6	2.05%	1.37%	2.05% (Aug 2025)	0% (Sep 2024)	4.71 Cr	3.14 Cr
J S W Steel Ltd.	Iron & steel products	12298.6	1.70%	0.26%	1.7% (Aug 2025)	0.01% (Nov 2024)	1.20 Cr	21.38 L
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	11740.5	1.62%	-0.14%	2.76% (Nov 2024)	0.95% (Sep 2024)	62.16 L	-3.85 L
State Bank Of India	Public sector bank	11271.9	1.56%	-0.08%	2.27% (Dec 2024)	0.56% (Sep 2024)	1.40 Cr	-6.77 L
Bajaj Finance Ltd.	Non banking financial company (nbfc)	11021.4	1.52%	-0.20%	1.72% (Jul 2025)	0.2% (Feb 2025)	1.26 Cr	-0.14 Cr
Kotak Mahindra Bank Ltd.	Private sector bank	10745.6	1.49%	-0.06%	1.55% (Jul 2025)	0.37% (Apr 2025)	54.82 L	-1.45 L

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

View complete holding

Complete equity Portfolio (as on 31st Aug,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
HDFC Bank Ltd.	Private sector bank	13.63	29713.3	4.11%	0.49%	5.08% (Oct 2024)	0.59% (Nov 2024)	3.12 Cr	1.84 Cr	Other	20.26
Reliance Industries Ltd.	Refineries & marketing	4.18	25953.1	3.59%	-0.08%	6.95% (Dec 2024)	1.77% (Apr 2025)	1.91 Cr	1.97 L	Large Cap	39.08
ICICI Bank Ltd.	Private sector bank	13.63	24102.4	3.33%	0.75%	5.13% (Feb 2025)	0.53% (Sep 2024)	1.72 Cr	47.73 L	Large Cap	39.08
Axis Bank Ltd.	Private sector bank	13.63	23400.7	3.24%	0.45%	4.09% (Dec 2024)	0.92% (Apr 2025)	2.24 Cr	36.82 L	Large Cap	39.08
Eternal Ltd.	E-retail/ e-commerce	2.05	14792.6	2.05%	1.37%	2.05% (Aug 2025)	0% (Sep 2024)	4.71 Cr	3.14 Cr	Other	20.26
J S W Steel Ltd.	Iron & steel products	3.39	12298.6	1.70%	0.26%	1.7% (Aug 2025)	0.01% (Nov 2024)	1.20 Cr	21.38 L	Large Cap	39.08
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	2.1	11740.5	1.62%	-0.14%	2.76% (Nov 2024)	0.95% (Sep 2024)	62.16 L	-3.85 L	Large Cap	39.08
State Bank Of India	Public sector bank	3.04	11271.9	1.56%	-0.08%	2.27% (Dec 2024)	0.56% (Sep 2024)	1.40 Cr	-6.77 L	Large Cap	39.08
Bajaj Finance Ltd.	Non banking financial company (nbfc)	3.87	11021.4	1.52%	-0.20%	1.72% (Jul 2025)	0.2% (Feb 2025)	1.26 Cr	-0.14 Cr	Other	20.26
Kotak Mahindra Bank Ltd.	Private sector bank	13.63	10745.6	1.49%	-0.06%	1.55% (Jul 2025)	0.37% (Apr 2025)	54.82 L	-1.45 L	Large Cap	39.08
Bharat Electronics Ltd.	Aerospace & defense	1.84	8439.2	1.17%	-0.39%	1.56% (Jul 2025)	0.19% (Jan 2025)	2.28 Cr	-0.63 Cr	Mid Cap	12.2
Trent Limited	Speciality retail	1.09	7890.8	1.09%	-0.13%	1.22% (Jul 2025)	0.1% (Sep 2024)	14.89 L	-2.50 L	Mid Cap	12.2
Tata Consultancy Services Ltd.	Computers - software & consulting	3.34	7561.3	1.05%	-0.84%	1.89% (Jul 2025)	0.26% (Dec 2024)	24.51 L	-0.20 Cr	Large Cap	39.08
Tata Steel Ltd.	Iron & steel products	3.39	7379.1	1.02%	0.19%	1.56% (Sep 2024)	0.44% (Oct 2024)	4.78 Cr	1.03 Cr	Other	20.26
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	1.91	7333.3	1.01%	-1.35%	2.36% (Jul 2025)	0.45% (Jan 2025)	22.92 L	-0.30 Cr	Large Cap	39.08
Adani Ports And Special Economic Zone Ltd.	Port & port services	1.01	7321.5	1.01%	0.04%	1.04% (Jun 2025)	0.08% (Apr 2025)	55.77 L	5.24 L	Large Cap	39.08
Jio Financial Services Ltd.	Non banking financial company (nbfc)	3.87	7319.8	1.01%	0.08%	1.07% (Feb 2025)	0% (Sep 2024)	2.35 Cr	33.63 L	Other	20.26
Grasim Industries Limited	Cement & cement products	1.66	7088.9	0.98%	-0.21%	1.36% (Sep 2024)	0.72% (Jun 2025)	25.54 L	-5.47 L	Large Cap	39.08
Bajaj Finserv Ltd	Holding company	0.96	6925.9	0.96%	0.39%	1.1% (Nov 2024)	0.26% (Apr 2025)	36.20 L	15.23 L	Other	20.26
Larsen & Toubro Ltd.	Civil construction	1.14	6703.8	0.93%	-0.79%	1.72% (Jul 2025)	0.07% (Mar 2025)	18.62 L	-0.15 Cr	Large Cap	39.08
National Thermal Power Corporation Ltd.	Power generation	1.56	6287	0.87%	-0.25%	1.72% (May 2025)	0.22% (Feb 2025)	1.92 Cr	-0.48 Cr	Large Cap	39.08
HCL Technologies Limited	Computers - software & consulting	3.34	6260.9	0.87%	-0.36%	1.23% (Jul 2025)	0.01% (Jun 2025)	43.04 L	-0.17 Cr	Large Cap	39.08
Shriram Finance Ltd.	Non banking financial company (nbfc)	3.87	6238	0.86%	0.06%	1.44% (Oct 2024)	0.01% (Feb 2025)	1.08 Cr	16.18 L	Other	20.26
One 97 Communications Ltd.	Financial technology (fintech)	1.39	6051.1	0.84%	0.35%	0.84% (Aug 2025)	0% (Sep 2024)	50.13 L	18.13 L	Other	20.26
- Tata Motors Ltd.	Passenger cars & utility vehicles	1.91	6001.2	0.83%	0.00%	2.06% (Dec 2024)	0.31% (Mar 2025)	89.70 L	44.80 k	Large Cap	39.08
Eicher Motors Ltd.	2/3 wheelers	1.28	5660.5	0.78%	0.48%	0.9% (Oct 2024)	0.08% (Jan 2025)	9.28 L	5.34 L	Other	20.26
Hindalco Industries Ltd.	Aluminium	0.68	4935.5	0.68%	0.44%	0.81% (Jun 2025)	0.18% (Nov 2024)	70.11 L	45.04 L	Large Cap	39.08
Infosys Ltd.	Computers - software & consulting	3.34	4886.7	0.68%	0.05%	3.25% (Apr 2025)	0.31% (Jan 2025)	33.25 L	3.34 L	Large Cap	39.08
Britannia Industries Ltd.	Packaged foods	0.94	4370.2	0.60%	0.35%	0.67% (Sep 2024)	0% (Sep 2024)	7.50 L	4.37 L	Large Cap	39.08
ITC Limited	Diversified fmcg	0.97	4134.9	0.57%	-0.25%	1.72% (Mar 2025)	0.13% (Dec 2024)	1.01 Cr	-0.42 Cr	Large Cap	39.08
Indusind Bank Ltd.	Private sector bank	13.63	4028.4	0.56%	-0.07%	0.98% (Nov 2024)	0% (Apr 2025)	54.47 L	-1.74 L	Large Cap	39.08
Apollo Hospitals Enterprises Ltd.	Hospital	1.48	3969.6	0.55%	0.19%	0.86% (May 2025)	0.04% (Jan 2025)	5.22 L	1.82 L	Mid Cap	12.2
Power Finance Corporation Ltd.	Financial institution	1.09	3844.2	0.53%	0.24%	1.03% (Dec 2024)	0.29% (Jul 2025)	1.01 Cr	50.32 L	Mid Cap	12.2
Dixon Technologies (India) Ltd.	Consumer electronics	0.62	3771.9	0.52%	0.05%	0.73% (Dec 2024)	0% (Sep 2024)	2.26 L	26.90 k	Other	20.26
Hindustan Aeronautics Ltd.	Aerospace & defense	1.84	3744	0.52%	-0.43%	1.25% (Oct 2024)	0.31% (Mar 2025)	8.64 L	-6.37 L	Other	20.26
BSE Ltd.	Exchange and data platform	0.53	3740.9	0.52%	0.36%	0.52% (Aug 2025)	0% (Sep 2024)	17.85 L	13.11 L	Small Cap	2.91
Indus Towers Ltd.	Telecom - infrastructure	0.59	3730.6	0.52%	0.09%	0.76% (Sep 2024)	0.37% (Apr 2025)	1.10 Cr	26.28 L	Large Cap	39.08
Max Healthcare Institute Ltd.	Hospital	1.48	3710	0.51%	0.08%	0.93% (Apr 2025)	0% (Sep 2024)	32.14 L	7.62 L	Other	20.26
Motherson Sumi Systems Ltd.	Auto components & equipments	1.21	3627.8	0.50%	0.19%	0.56% (Oct 2024)	0.17% (May 2025)	3.91 Cr	1.61 Cr	Large Cap	39.08
Power Grid Corporation of India Ltd.	Power - transmission	0.71	3512.3	0.49%	0.26%	1.24% (Sep 2024)	0.06% (Nov 2024)	1.28 Cr	70.49 L	Large Cap	39.08
PB Fintech Ltd.	Financial technology (fintech)	1.39	3503	0.48%	-0.20%	0.71% (Jun 2025)	0% (Sep 2024)	19.78 L	-7.19 L	Other	20.26
Vodafone Idea Ltd.	Telecom - cellular & fixed line services	2.1	3448.9	0.48%	-0.22%	0.74% (May 2025)	0.41% (Apr 2025)	53.14 Cr	-19.17	Large Cap	39.08
Bank Of Baroda	Public sector bank	3.04	3437.8	0.48%	-0.01%	0.75% (Oct 2024)	0.09% (May 2025)	1.48 Cr	-1.17 L	Large Cap	39.08
Rural Electrification Corporation Limited	Financial institution	1.09	3391.1	0.47%	-0.10%	0.85% (Oct 2024)	0.2% (Apr 2025)	96.89 L	-6.35 L	Mid Cap	12.2
Vedanta Ltd.	Diversified metals	0.46	3329.6	0.46%	-0.13%	1.34% (Sep 2024)	0.46% (Aug 2025)	79.15 L	-0.20 Cr	Large Cap	39.08
GAIL (India) Ltd.	Gas transmission/marketing	0.46	3322.3	0.46%	0.39%	0.94% (Dec 2024)	0.03% (Apr 2025)	1.92 Cr	1.63 Cr	Large Cap	39.08
Ultratech Cement Ltd.	Cement & cement products	1.66	3175.8	0.44%	0.23%	1% (Apr 2025)	0.08% (Dec 2024)	2.51 L	1.30 L	Large Cap	39.08
Marico Ltd.	Personal care	1.04	3123.5	0.43%	-0.01%	0.44% (Mar 2025)	0.07% (Jan 2025)	43.03 L	-1.86 L	Large Cap	39.08
Canara Bank	Public sector bank	3.04	3066.2	0.42%	-0.03%	0.45% (Jul 2025)	0.18% (Sep 2024)	2.95 Cr	-7.16 L	Other	20.26
Fortis Healthcare Ltd.	Hospital	1.48	3015	0.42%	-0.05%	0.47% (Jul 2025)	0% (Sep 2024)	33.08 L	-6.56 L	Other	20.26
Pidilite Industries Ltd.	Specialty chemicals	0.68	2951.2	0.41%	0.24%	0.66% (Jan 2025)	0.14% (Jun 2025)	9.68 L	5.35 L	Large Cap	39.08
Lupin Ltd.	Pharmaceuticals	2.73	2950.7	0.41%	-0.02%	0.62% (Sep 2024)	0.01% (Dec 2024)	15.57 L	-0.28 L	Large Cap	39.08
Hindustan Unilever Ltd.	Diversified fmcg	0.97	2921.3	0.40%	-0.55%	1.27% (Oct 2024)	0.09% (Jan 2025)	10.98 L	-0.16 Cr	Large Cap	39.08
Hindustan Zinc Ltd.	Zinc	0.4	2885.8	0.40%	-0.05%	0.58% (Jun 2025)	0% (Sep 2024)	68.83 L	-7.15 L	Large Cap	39.08
TVS Motor Company Ltd.	2/3 wheelers	1.28	2864.7	0.40%	0.28%	0.89% (Sep 2024)	0.12% (Jul 2025)	8.74 L	5.69 L	Mid Cap	12.2
Adani Enterprises Ltd.	Trading - minerals	0.38	2715.9	0.38%	-0.52%	1.25% (Sep 2024)	0.14% (Nov 2024)	12.10 L	-0.14 Cr	Mid Cap	12.2
Lodha Developers Ltd.	Residential, commercial projects	1.32	2685.9	0.37%	-0.06%	0.43% (Jul 2025)	0% (Sep 2024)	22.53 L	-2.60 L	Other	20.26
APL Apollo Tubes Ltd.	Iron & steel products	3.39	2680.2	0.37%	0.07%	0.37% (Aug 2025)	0% (Sep 2024)	16.70 L	3.34 L	Other	20.26
Indian Hotels Company Limited	Hotels & resorts	0.37	2639.4	0.37%	-0.27%	0.85% (Jun 2025)	0% (Sep 2024)	34.80 L	-0.27 Cr	Mid Cap	12.2
# GMR Airports Ltd.	Airport & airport services	0.36	2576.1	0.36%	0.00%	0.44% (Sep 2024)	0.1% (Feb 2025)	2.99 Cr	-0.20 Cr	Small Cap	2.91
Titan Company Ltd.	Gems, jewellery and watches	0.45	2481.1	0.34%	-0.21%	1.63% (Sep 2024)	0.28% (Nov 2024)	6.84 L	-4.91 L	Large Cap	39.08
Nestle India Ltd.	Packaged foods	0.94	2471.4	0.34%	-0.11%	0.49% (Jun 2025)	0% (Sep 2024)	21.38 L	6.91 L	Other	20.26
Yes Bank	Private sector bank	13.63	2449.1	0.34%	-0.11%	0.6% (Jun 2025)	0% (Sep 2024)	12.82 Cr	-4.33 Cr	Other	20.26
Aurobindo Pharma Ltd.	Pharmaceuticals	2.73	2441.7	0.34%	-0.05%	0.63% (Sep 2024)	0.17% (Jan 2025)	23.75 L	-0.95 L	Large Cap	39.08
Alkem Laboratories Ltd.	Pharmaceuticals	2.73	2433	0.34%	0.04%	0.51% (Sep 2024)	0% (Sep 2024)	4.59 L	37.38 k	Mid Cap	12.2
# Dabur India Ltd.	Personal care	1.04	2251.2	0.31%	0.31%	0.36% (Apr 2025)	0% (Jul 2025)	43.20 L	43.18 L	Large Cap	39.08
Glenmark Pharmaceuticals Ltd.	Pharmaceuticals	2.73	2191.8	0.30%	-0.09%	0.39% (Jul 2025)	0.01% (Nov 2024)	11.39 L	-1.76 L	Mid Cap	12.2
United Spirits Ltd.	Breweries & distilleries	0.3	2164.2	0.30%	-0.15%	0.6% (Jan 2025)	0.21% (Sep 2024)	16.51 L	-7.36 L	Large Cap	39.08
DLF Ltd.	Residential, commercial projects	1.32	2153.5	0.30%	0.21%	0.81% (Nov 2024)	0.09% (Jul 2025)	29.14 L	20.96 L	Large Cap	39.08
Jubilant Foodworks Ltd.	Restaurants	0.3	2146.1	0.30%	0.11%	0.3% (Aug 2025)	0% (Sep 2024)	34.19 L	13.31 L	Other	20.26
IDFC First Bank Ltd.	Private sector bank	13.63	2137.1	0.30%	0.17%	0.53% (Mar 2025)	0% (Sep 2024)	3.14 Cr	1.77 Cr	Mid Cap	12.2
Adani Green Energy Ltd.	Power generation	1.56	2117.9	0.29%	-0.15%	0.7% (Mar 2025)	0% (Sep 2024)	23.18 L	-8.50 L	Small Cap	2.91
SBI Life Insurance Co Ltd.	Life insurance	1.02	2094.8	0.29%	0.13%	0.76% (Oct 2024)	0.07% (Jun 2025)	11.60 L	5.28 L	Large Cap	39.08
J S W Energy Ltd.	Power generation	1.56	2092.5	0.29%	0.02%	0.36% (Apr 2025)	0% (Sep 2024)	42.84 L	5.92 L	Mid Cap	12.2
Hindustan Petroleum Corporation Ltd.	Refineries & marketing	4.18	2069.7	0.29%	0.01%	0.53% (Jun 2025)	0% (Sep 2024)	55.06 L	7.49 L	Large Cap	39.08
SRF Ltd.	Specialty chemicals	0.68	1971.3	0.27%	0.21%	0.62% (Apr 2025)	0.01% (Dec 2024)	6.95 L	5.59 L	Mid Cap	12.2
Union Bank Of India	Public sector bank	3.04	1945.9	0.27%	0.22%	0.32% (May 2025)	0% (Sep 2024)	1.56 Cr	1.27 Cr	Mid Cap	12.2
Muthoot Finance Pvt. Ltd.	Non banking financial company (nbfc)	3.87	1923	0.27%	0.26%	0.34% (Oct 2024)	0% (Sep 2024)	7.29 L	6.90 L	Mid Cap	12.2
Max Financial Services Ltd.	Life insurance	1.02	1865	0.26%	-0.10%	0.36% (Jul 2025)	0% (Sep 2024)	11.64 L	-5.37 L	Mid Cap	12.2
NMDC LTD	Industrial minerals	0.25	1834.4	0.25%	0.07%	0.42% (Sep 2024)	0.09% (Jun 2025)	2.67 Cr	84.51 L	Mid Cap	12.2
Tata Consumer Products Ltd.	Tea & coffee	0.25	1834.1	0.25%	-0.08%	0.76% (Mar 2025)	0.04% (Jan 2025)	17.22 L	-4.85 L	Mid Cap	12.2
CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	0.92	1819.5	0.25%	-0.02%	0.27% (Jun 2025)	0% (Sep 2024)	26.21 L	-3.06 L	Small Cap	2.91
Persistent Systems Ltd.	Computers - software & consulting	3.34	1746.6	0.24%	0.20%	0.56% (Jun 2025)	0.01% (Dec 2024)	3.29 L	2.71 L	Other	20.26
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	2.73	1732.8	0.24%	-0.47%	0.93% (Feb 2025)	0.09% (Dec 2024)	10.87 L	-0.19 Cr	Large Cap	39.08
Kaynes Technology India Private Ltd.	Industrial products	0.23	1686.3	0.23%	0.19%	0.23% (Aug 2025)	0% (Sep 2024)	2.75 L	2.34 L	Other	20.26
Crompton Greaves Consumer Electricals Ltd.	Household appliances	0.39	1684.6	0.23%	0.03%	0.39% (Oct 2024)	0.2% (Jul 2025)	51.05 L	7.38 L	Mid Cap	12.2
Patanjali Foods Ltd.	Edible oil	0.22	1623.3	0.22%	0.01%	0.3% (Apr 2025)	0% (Sep 2024)	9.13 L	1.09 L	Other	20.26
HDFC Life Insurance Company Ltd.	Life insurance	1.02	1618.7	0.22%	-0.18%	0.61% (May 2025)	0.01% (Jun 2025)	20.97 L	-0.17 Cr	Large Cap	39.08
Adani Energy Solutions Ltd.	Power - transmission	0.71	1600	0.22%	-0.04%	0.46% (Mar 2025)	0% (Sep 2024)	20.94 L	-2.20 L	Mid Cap	12.2
Cipla Ltd.	Pharmaceuticals	2.73	1580.1	0.22%	-0.37%	0.59% (Jul 2025)	0.12% (Feb 2025)	9.94 L	-0.17 Cr	Large Cap	39.08
Exide Industries Ltd.	Auto components & equipments	1.21	1574.9	0.22%	0.05%	0.38% (Sep 2024)	0.04% (Feb 2025)	39.74 L	8.98 L	Mid Cap	12.2
Biocon Ltd.	Pharmaceuticals	2.73	1546.7	0.21%	-0.08%	0.29% (Jul 2025)	0.01% (Jan 2025)	44.40 L	-8.80 L	Mid Cap	12.2
Colgate - Palmolive (India) Limited	Personal care	1.04	1513.1	0.21%	0.09%	0.46% (Sep 2024)	0% (Sep 2024)	6.49 L	2.72 L	Large Cap	39.08
ABB India Ltd.	Heavy electrical equipment	0.92	1512.2	0.21%	0.08%	0.54% (Nov 2024)	0.13% (Jul 2025)	3.03 L	1.38 L	Large Cap	39.08
Supreme Industries Ltd.	Plastic products - industrial	0.34	1511.7	0.21%	0.06%	0.35% (Jan 2025)	0% (Sep 2024)	3.38 L	89.25 k	Mid Cap	12.2
Torrent Pharmaceuticals Ltd.	Pharmaceuticals	2.73	1481.8	0.21%	0.14%	0.49% (Apr 2025)	0.07% (Jul 2025)	4.16 L	2.81 L	Mid Cap	12.2
LIC Housing Finance Ltd.	Housing finance company	0.49	1426.3	0.20%	0.18%	0.3% (Oct 2024)	0.02% (Jul 2025)	25.69 L	23.18 L	Mid Cap	12.2
Oberoi Realty Ltd.	Residential, commercial projects	1.32	1419	0.20%	0.08%	0.31% (Oct 2024)	0% (Sep 2024)	8.81 L	3.73 L	Mid Cap	12.2
Solar Industries India Ltd.	Explosives	0.2	1414.3	0.20%	-0.17%	0.42% (May 2025)	0% (Sep 2024)	1.03 L	-0.82 L	Small Cap	2.91
Petronet LNG Ltd.	Lpg/cng/png/lng supplier	0.19	1401	0.19%	0.02%	0.37% (Sep 2024)	0.05% (Dec 2024)	51.98 L	9.41 L	Large Cap	39.08
Container Corporation Of India Ltd.	Logistics solution provider	0.33	1379	0.19%	0.07%	0.32% (Nov 2024)	0.03% (May 2025)	26.15 L	10.94 L	Large Cap	39.08
Godrej Properties Ltd.	Residential, commercial projects	1.32	1368	0.19%	-0.06%	0.49% (Jan 2025)	0.04% (Mar 2025)	7.02 L	-1.64 L	Mid Cap	12.2
Tech Mahindra Ltd.	Computers - software & consulting	3.34	1363.5	0.19%	-0.42%	0.63% (Mar 2025)	0% (Sep 2024)	9.20 L	-0.21 Cr	Large Cap	39.08
# Jindal Steel Ltd.	Iron & steel products	3.39	1321.2	0.18%	0.00%	0.54% (Oct 2024)	0.01% (Feb 2025)	13.97 L	11.77 L	Mid Cap	12.2
Coforge Ltd.	Computers - software & consulting	3.34	1290.6	0.18%	-0.27%	0.82% (Jan 2025)	0.04% (Nov 2024)	7.49 L	-0.11 Cr	Other	20.26
Coal India Ltd.	Coal	0.18	1265	0.18%	0.05%	0.92% (Nov 2024)	0.13% (Jul 2025)	33.75 L	9.63 L	Large Cap	39.08
Bharat Heavy Electricals Ltd.	Heavy electrical equipment	0.92	1264.6	0.17%	0.05%	0.46% (Oct 2024)	0.12% (Jun 2025)	60.80 L	23.70 L	Mid Cap	12.2
PNB Housing Finance Ltd.	Housing finance company	0.49	1261.3	0.17%	-0.04%	0.26% (Apr 2025)	0% (Sep 2024)	16.74 L	1.14 L	Mid Cap	12.2
Bosch Ltd.	Auto components & equipments	1.21	1248.8	0.17%	0.03%	0.21% (Mar 2025)	0% (Sep 2024)	31.25 k	5.85 k	Large Cap	39.08
# Shree Cement Ltd.	Cement & cement products	1.66	1236.9	0.17%	0.17%	0.17% (Aug 2025)	0% (Sep 2024)	42.25 k	41.35 k	Large Cap	39.08
Punjab National Bank	Public sector bank	3.04	1235.6	0.17%	-0.03%	0.59% (Nov 2024)	0.05% (Mar 2025)	1.22 Cr	-0.11 Cr	Large Cap	39.08
# Suzlon Energy Ltd.	Heavy electrical equipment	0.92	1229.7	0.17%	0.17%	0.17% (Aug 2025)	0% (Sep 2024)	2.18 Cr	2.18 Cr	Small Cap	2.91
Prestige Estates Projects Ltd.	Residential, commercial projects	1.32	1223.6	0.17%	-0.16%	0.33% (Jul 2025)	0% (Sep 2024)	7.83 L	-6.66 L	Mid Cap	12.2
Info Edge (India) Ltd.	Internet & catalogue retail	0.17	1208	0.17%	0.09%	0.65% (Jan 2025)	0.02% (Dec 2024)	8.90 L	4.79 L	Other	20.26
# Mankind Pharma Ltd.	Pharmaceuticals	2.73	1191.7	0.16%	0.16%	0.16% (Aug 2025)	0% (Sep 2024)	4.82 L	4.82 L	Other	20.26
Amber Enterprises India Ltd.	Household appliances	0.39	1133	0.16%	0.01%	0.16% (Aug 2025)	0% (Sep 2024)	1.56 L	17.00 k	Small Cap	2.91
# Manappuram Finance Ltd.	Non banking financial company (nbfc)	3.87	1116.1	0.15%	0.15%	0.17% (Jan 2025)	0% (Jul 2025)	42.69 L	42.30 L	Mid Cap	12.2
Bharat Petroleum Corporation Ltd.	Refineries & marketing	4.18	1115.1	0.15%	0.13%	0.84% (Sep 2024)	0% (Sep 2024)	36.18 L	30.81 L	Large Cap	39.08
Bharat Dynamics Ltd.	Aerospace & defense	1.84	1062.5	0.15%	0.04%	0.15% (Aug 2025)	0% (Sep 2024)	7.40 L	2.73 L	Other	20.26
Indian Oil Corporation Ltd.	Refineries & marketing	4.18	1049	0.15%	0.13%	0.93% (Sep 2024)	0.02% (Jul 2025)	76.78 L	65.28 L	Large Cap	39.08
Bank Of India	Public sector bank	3.04	1031.7	0.14%	0.03%	0.2% (Jan 2025)	0% (Sep 2024)	93.55 L	25.43 L	Mid Cap	12.2
KEI Industries Ltd.	Cables - electricals	0.16	1018.3	0.14%	0.08%	0.25% (Apr 2025)	0% (Sep 2024)	2.67 L	1.49 L	Small Cap	2.91
Delhivery Ltd.	Logistics solution provider	0.33	987.7	0.14%	0.10%	0.14% (Aug 2025)	0% (Sep 2024)	21.10 L	14.38 L	Other	20.26
UNO Minda Ltd.	Auto components & equipments	1.21	978.5	0.14%	0.01%	0.2% (Jun 2025)	0% (Sep 2024)	7.65 L	-0.96 L	Small Cap	2.91
Aditya Birla Capital Ltd.	Life insurance	1.02	977.6	0.14%	-0.01%	0.25% (Nov 2024)	0.07% (May 2025)	35.19 L	-8.06 L	Mid Cap	12.2
Varun Beverages Ltd.	Other beverages	0.13	970.2	0.13%	0.04%	0.88% (Feb 2025)	0% (Sep 2024)	19.92 L	7.51 L	Other	20.26
Asian Paints (india) Ltd.	Paints	0.13	960.9	0.13%	-0.04%	0.43% (Feb 2025)	0% (Apr 2025)	3.82 L	-1.12 L	Large Cap	39.08
RBL Bank Ltd.	Private sector bank	13.63	944.9	0.13%	-0.06%	0.19% (Jun 2025)	0% (Sep 2024)	36.20 L	-0.15 Cr	Mid Cap	12.2
Tube Investments Of India Ltd.	Auto components & equipments	1.21	944.2	0.13%	0.11%	0.33% (Apr 2025)	0% (Sep 2024)	3.19 L	2.61 L	Small Cap	2.91
# Astral Ltd.	Plastic products - industrial	0.34	929.9	0.13%	0.13%	0.33% (Nov 2024)	0% (Sep 2024)	6.84 L	6.74 L	Mid Cap	12.2
Bandhan Bank Ltd.	Private sector bank	13.63	921.5	0.13%	-0.02%	0.32% (Sep 2024)	0.07% (Jun 2025)	56.95 L	-6.08 L	Large Cap	39.08
360 ONE WAM Ltd.	Other financial services	0.13	908.7	0.13%	-0.19%	0.32% (Jul 2025)	0% (Sep 2024)	8.93 L	-0.13 Cr	Other	20.26
NBCC (India) Ltd.	Civil construction	1.14	894.2	0.12%	-0.01%	0.15% (Jun 2025)	0% (Sep 2024)	91.00 L	6.18 L	Mid Cap	12.2
Oil & Natural Gas Corporation Ltd.	Oil exploration & production	0.14	892.9	0.12%	-0.09%	1.25% (Mar 2025)	0.12% (Aug 2025)	38.21 L	-0.24 Cr	Large Cap	39.08
# Sammaan Capital Ltd.	Housing finance company	0.49	887	0.12%	0.12%	0.12% (Aug 2025)	0% (Sep 2024)	71.55 L	71.55 L	Mid Cap	12.2
Steel Authority Of India Ltd.	Iron & steel products	3.39	886.2	0.12%	-0.02%	0.34% (Sep 2024)	0.12% (Aug 2025)	74.68 L	-4.89 L	Mid Cap	12.2
Torrent Power Ltd.	Integrated power utilities	0.18	876.8	0.12%	0.04%	0.12% (Aug 2025)	0% (Sep 2024)	7.14 L	2.92 L	Mid Cap	12.2
Kalyan Jewellers India Ltd.	Gems, jewellery and watches	0.45	829.3	0.11%	-0.13%	0.27% (Jun 2025)	0% (Sep 2024)	16.45 L	-0.12 Cr	Other	20.26
Laurus Labs Ltd.	Pharmaceuticals	2.73	828.9	0.11%	-0.11%	0.31% (Apr 2025)	0.08% (Nov 2024)	9.67 L	-8.35 L	Other	20.26
ICICI Prudential Life Insurance Co Ltd.	Life insurance	1.02	827.3	0.11%	0.01%	0.33% (Dec 2024)	0.1% (Feb 2025)	13.79 L	2.72 L	Large Cap	39.08
# HDFC Asset Management Co. Ltd.	Asset management company	0.11	818.6	0.11%	0.11%	0.71% (Sep 2024)	0% (Sep 2024)	1.50 L	1.50 L	Large Cap	39.08
NHPC Ltd.	Power generation	1.56	796.8	0.11%	0.04%	0.29% (May 2025)	0% (Sep 2024)	1.03 Cr	40.83 L	Mid Cap	12.2
Mazagon Dock Shipbuilders Ltd.	Ship building & allied services	0.11	759.4	0.11%	-0.02%	0.15% (May 2025)	0% (Sep 2024)	2.92 L	-0.41 L	Other	20.26
Ashok Leyland Ltd.	Commercial vehicles	0.1	718.1	0.10%	0.01%	0.1% (Aug 2025)	0% (Sep 2024)	56.55 L	4.65 L	Mid Cap	12.2
Mphasis Ltd.	Computers - software & consulting	3.34	716.9	0.10%	0.05%	0.3% (Feb 2025)	0.01% (Dec 2024)	2.57 L	1.41 L	Mid Cap	12.2
Divis Laboratories Ltd.	Pharmaceuticals	2.73	690.4	0.10%	-0.36%	0.84% (Apr 2025)	0.1% (Dec 2024)	1.13 L	-3.83 L	Large Cap	39.08
Bajaj Auto Ltd.	2/3 wheelers	1.28	688.2	0.10%	0.04%	0.81% (Nov 2024)	0.04% (May 2025)	79.73 k	29.78 k	Large Cap	39.08
Computer Age Management Services Pvt Ltd.	Depositories, clearing houses and other intermediaries	0.09	660.8	0.09%	-0.11%	0.2% (Jul 2025)	0% (Sep 2024)	1.78 L	-2.03 L	Other	20.26
Godrej Consumer Products Ltd	Personal care	1.04	636.8	0.09%	-0.51%	0.71% (Feb 2025)	0.07% (Sep 2024)	5.13 L	-0.29 Cr	Large Cap	39.08
NCC Ltd.	Civil construction	1.14	632.8	0.09%	0.03%	0.2% (Dec 2024)	0% (Sep 2024)	30.94 L	9.91 L	Small Cap	2.91
Phoenix Mills Ltd.	Residential, commercial projects	1.32	615	0.09%	-0.13%	0.32% (Jun 2025)	0% (Sep 2024)	4.09 L	-6.55 L	Small Cap	2.91
Housing & Urban Development Corporation Ltd.	Financial institution	1.09	595.8	0.08%	-0.04%	0.15% (Jun 2025)	0% (Sep 2024)	29.14 L	-0.11 Cr	Small Cap	2.91
# Havells India Ltd.	Consumer electronics	0.62	535.5	0.07%	0.07%	0.67% (Nov 2024)	0% (Jul 2025)	3.51 L	3.39 L	Large Cap	39.08
# ICICI Lombard General Insurance Co Ltd.	General insurance	0.07	525.5	0.07%	0.07%	0.44% (Oct 2024)	0% (Jul 2025)	2.86 L	2.70 L	Large Cap	39.08
HFCL Ltd.	Telecom - infrastructure	0.59	520	0.07%	-0.01%	0.14% (Jan 2025)	0% (Sep 2024)	74.05 L	-5.68 L	Small Cap	2.91
Syngene International Ltd.	Healthcare research, analytics & technology	0.07	499.5	0.07%	0.02%	0.23% (Nov 2024)	0.03% (Sep 2024)	7.98 L	2.59 L	Mid Cap	12.2
Inox Wind Ltd.	Heavy electrical equipment	0.92	499.4	0.07%	0.05%	0.07% (Aug 2025)	0% (Sep 2024)	36.16 L	28.70 L	Small Cap	2.91
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	1.91	494	0.07%	-0.60%	0.92% (Nov 2024)	0% (Sep 2024)	33.40 k	-3.45 L	Large Cap	39.08
Tata Chemicals Ltd.	Commodity chemicals	0.07	484.2	0.07%	-0.04%	0.28% (Nov 2024)	0.07% (Aug 2025)	5.26 L	-2.69 L	Mid Cap	12.2
KFIN Technologies Ltd.	Financial technology (fintech)	1.39	479.8	0.07%	-0.04%	0.11% (Jul 2025)	0% (Sep 2024)	4.70 L	-2.44 L	Other	20.26
# Angel One Ltd.	Stockbroking & allied	0.07	446.4	0.06%	0.06%	0.08% (Jun 2025)	0% (Sep 2024)	2.02 L	2.02 L	Other	20.26
Tata Power Co. Ltd.	Integrated power utilities	0.18	409.6	0.06%	-0.27%	1.26% (Sep 2024)	0.06% (Aug 2025)	10.95 L	-0.49 Cr	Mid Cap	12.2
Cyient Ltd.	It enabled services	0.06	403.1	0.06%	0.01%	0.16% (Mar 2025)	0% (Sep 2024)	3.45 L	26.78 k	Small Cap	2.91
IIFL Finance Ltd.	Non banking financial company (nbfc)	3.87	383.1	0.05%	0.01%	0.19% (Jun 2025)	0% (Sep 2024)	8.96 L	3.14 L	Small Cap	2.91
Siemens Ltd.	Heavy electrical equipment	0.92	382.2	0.05%	-0.03%	0.51% (Sep 2024)	0% (Apr 2025)	1.25 L	-0.59 L	Large Cap	39.08
Pi Industries Ltd.	Pesticides & agrochemicals	0.07	377	0.05%	0.02%	0.28% (Apr 2025)	0% (May 2025)	1.02 L	49.70 k	Mid Cap	12.2
# Sona BLW Precision Forgings Ltd.	Auto components & equipments	1.21	376.4	0.05%	0.05%	0.12% (Jan 2025)	0% (Sep 2024)	8.49 L	8.49 L	Other	20.26
Piramal Pharma Ltd.	Pharmaceuticals	2.73	373.3	0.05%	-0.10%	0.15% (Jul 2025)	0% (Sep 2024)	20.35 L	-0.35 Cr	Other	20.26
Dalmia Bharat Ltd.	Cement & cement products	1.66	300.5	0.04%	-0.10%	0.21% (Nov 2024)	0% (Sep 2024)	1.25 L	-3.10 L	Mid Cap	12.2
Zydus Lifesciences Ltd.	Pharmaceuticals	2.73	300.2	0.04%	0.02%	0.34% (Oct 2024)	0.02% (Feb 2025)	3.06 L	1.55 L	Mid Cap	12.2
PG Electroplast Ltd.	Consumer electronics	0.62	250.8	0.03%	-0.11%	0.14% (Jul 2025)	0% (Sep 2024)	4.70 L	-7.97 L	Other	20.26
Tata Technologies Ltd.	Computers - software & consulting	3.34	244.5	0.03%	-0.03%	0.06% (Jul 2025)	0% (Sep 2024)	3.72 L	-2.80 L	Other	20.26
Titagarh Rail Systems Ltd.	Railway wagons	0.03	237	0.03%	-0.02%	0.05% (Jun 2025)	0% (Sep 2024)	2.87 L	-1.22 L	Small Cap	2.91
Ambuja Cements Ltd.	Cement & cement products	1.66	199.3	0.03%	0.01%	0.69% (Oct 2024)	0.02% (Jul 2025)	3.54 L	1.21 L	Large Cap	39.08
- Oracle Financial Services Software Limited	Software products	0.02	172.9	0.02%	0.00%	0.23% (Mar 2025)	0% (Sep 2024)	20.85 k	1.28 k	Mid Cap	12.2
Oil India Ltd.	Oil exploration & production	0.14	165.6	0.02%	-0.02%	0.32% (Mar 2025)	0% (Sep 2024)	4.24 L	-2.58 L	Mid Cap	12.2
UPL Ltd.	Pesticides & agrochemicals	0.07	147.4	0.02%	-0.19%	0.47% (Sep 2024)	0% (Dec 2024)	2.06 L	-0.19 Cr	Large Cap	39.08
Polycab India Limited	Cables - electricals	0.16	121.4	0.02%	-0.18%	0.45% (Jun 2025)	0.02% (Aug 2025)	17.13 k	-1.97 L	Other	20.26
Indian Railway Catering and Tourism Corporation Ltd.	Tour, travel related services	0.01	80.5	0.01%	-0.07%	0.28% (Oct 2024)	0.01% (Aug 2025)	1.16 L	-7.22 L	Other	20.26
- Indian Energy Exchange Ltd.	Exchange and data platform	0.53	79.2	0.01%	0.00%	0.3% (Sep 2024)	0.01% (Aug 2025)	5.66 L	-1.80 L	Small Cap	2.91
- Indian Railway Finance Corporation Ltd.	Financial institution	1.09	55.7	0.01%	0.00%	0.02% (Jun 2025)	0% (Sep 2024)	4.72 L	80.75 k	Other	20.26
Cholamandalam Investment & Finance Co. Ltd.	Non banking financial company (nbfc)	3.87	46.2	0.01%	-0.01%	0.82% (Nov 2024)	0% (Sep 2024)	32.50 k	-0.78 L	Other	20.26
Bharat Forge Ltd.	Castings & forgings	0.01	45.4	0.01%	-0.19%	0.5% (Oct 2024)	0% (Sep 2024)	41.00 k	-0.12 Cr	Mid Cap	12.2
# Edelweiss Securities Pvt. Ltd.	Stockbroking & allied	0.07	42.6	0.01%	0.01%	0.01% (Aug 2025)	0% (Sep 2024)	6.68 k	6.68 k	Other	20.26
- InterGlobe Aviation Ltd.	Airline	0	32.2	0.00%	0.00%	0.98% (Sep 2024)	0% (Sep 2024)	5.70 k	5.70 k	Large Cap	39.08
National Aluminium Co. Ltd.	Aluminium	0.68	4.9	0.00%	-0.12%	0.28% (Oct 2024)	0% (Sep 2024)	26.25 k	-0.46 Cr	Small Cap	2.91
L&T Finance Holdings Ltd.	Investment company	0	3.9	0.00%	-0.15%	0.16% (Oct 2024)	0% (Sep 2024)	17.85 k	-0.54 Cr	Mid Cap	12.2
- Blue Star Ltd.	Household appliances	0.39	3.7	0.00%	0.00%	0.02% (Jun 2025)	0% (Sep 2024)	1.95 k	1.95 k	Small Cap	2.91
- TVS Motor Company Ltd. - Preference Shares	2/3 wheelers	1.28	33.3	0.00%	0.00%	0% (Sep 2025)	0% (Sep 2025)	33.29 L	33.29 L	Other	20.26
- TVS Motor Company Ltd. - Preference Shares	2/3 wheelers	1.28	33.3	0.00%	0.00%	0% (Sep 2025)	0% (Sep 2025)	33.29 L	33.29 L	Other	20.26
UPL Ltd. - Partly Paid	Pesticides & agrochemicals	0.07	85	0.00%	-0.01%	-	-	-	-	Other	20.26
Cesc Ltd.	Integrated power utilities	0.18	6.1	0.00%	0.00%	-	-	-	-	Other	20.26
Rail Vikas Nigam Ltd.	Civil construction	1.14	0.5	0.00%	0.00%	-	-	-	-	Other	20.26
Adani Total Gas Ltd.	Lpg/cng/png/lng supplier	0.19	85.1	0.00%	-0.01%	-	-	-	-	Mid Cap	12.2
Life Insurance Corporation Of India	Life insurance	1.02	207.4	0.00%	-0.03%	-	-	-	-	Other	20.26
Inox Wind Ltd. - Rights	Heavy electrical equipment	0.92	0	0.00%	0.00%	-	-	-	-	Other	20.26
LTIMindtree Ltd.	Computers - software & consulting	3.34	0.8	0.00%	0.00%	-	-	-	-	Mid Cap	12.2
Granules India Ltd.	Pharmaceuticals	2.73	355.3	0.00%	-0.05%	-	-	-	-	Small Cap	2.91
Indian Bank	Public sector bank	3.04	870.4	0.00%	-0.12%	-	-	-	-	Mid Cap	12.2
Cummins India Ltd.	Compressors, pumps & diesel engines		422.4	0.00%	-0.06%	-	-	-	-	Mid Cap	12.2
Jindal Stainless Ltd.	Iron & steel products	3.39	51.9	0.00%	-0.01%	-	-	-	-	Small Cap	2.91
Aditya Birla Fashion and Retail Ltd.	Speciality retail	1.09	120.7	0.00%	-0.02%	-	-	-	-	Mid Cap	12.2
Magma Fincorp Ltd.	Non banking financial company (nbfc)	3.87	567.1	0.00%	-0.08%	-	-	-	-	Small Cap	2.91
SJVN Ltd.	Power generation	1.56	0.6	0.00%	0.00%	-	-	-	-	Small Cap	2.91
Dr. Reddys Laboratories Ltd.	Pharmaceuticals	2.73	225.5	0.00%	-0.03%	-	-	-	-	Other	20.26
IRB Infrastructure Developers Ltd.	Civil construction	1.14	519.4	0.00%	-0.07%	-	-	-	-	Other	20.26

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

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

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Sammaan Capital Ltd.	Housing finance company	887	0.12%	0.12%	0.12% (Aug 2025)	0% (Sep 2024)	71.55 L	7155200
- InterGlobe Aviation Ltd.	Airline	32.2	0.00%	0.00%	0.98% (Sep 2024)	0% (Sep 2024)	5.70 k	5700
# HDFC Asset Management Co. Ltd.	Asset management company	818.6	0.11%	0.11%	0.71% (Sep 2024)	0% (Sep 2024)	1.50 L	149850
- TVS Motor Company Ltd. - Preference Shares	2/3 wheelers	33.3	0.00%	0.00%	0% (Sep 2025)	0% (Sep 2025)	33.29 L	3329200
# Sona BLW Precision Forgings Ltd.	Auto components & equipments	376.4	0.05%	0.05%	0.12% (Jan 2025)	0% (Sep 2024)	8.49 L	849450
# Mankind Pharma Ltd.	Pharmaceuticals	1191.7	0.16%	0.16%	0.16% (Aug 2025)	0% (Sep 2024)	4.82 L	482175
# Edelweiss Securities Pvt. Ltd.	Stockbroking & allied	42.6	0.01%	0.01%	0.01% (Aug 2025)	0% (Sep 2024)	6.68 k	6675
# Suzlon Energy Ltd.	Heavy electrical equipment	1229.7	0.17%	0.17%	0.17% (Aug 2025)	0% (Sep 2024)	2.18 Cr	21792000
- Blue Star Ltd.	Household appliances	3.7	0.00%	0.00%	0.02% (Jun 2025)	0% (Sep 2024)	1.95 k	1950

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

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	1M Change in Qty
UPL Ltd. - Partly Paid	Pesticides & agrochemicals	85	0.00%	-0.01%	0.03% (Jun 2025)	0% (Sep 2024)	-164777
- Cesc Ltd.	Integrated power utilities	6.1	0.00%	0.00%	0.14% (Jan 2025)	0% (Sep 2024)	-36250
- Rail Vikas Nigam Ltd.	Civil construction	0.5	0.00%	0.00%	0.01% (Jun 2025)	0% (Sep 2024)	-1375
Adani Total Gas Ltd.	Lpg/cng/png/lng supplier	85.1	0.00%	-0.01%	0.05% (Jun 2025)	0% (Sep 2024)	-140875
Life Insurance Corporation Of India	Life insurance	207.4	0.00%	-0.03%	0.28% (May 2025)	0% (Sep 2024)	-231700
- Inox Wind Ltd. - Rights	Heavy electrical equipment	0	0.00%	0.00%	0% (Jul 2025)	0% (Sep 2024)	-206
- LTIMindtree Ltd.	Computers - software & consulting	0.8	0.00%	0.00%	0.92% (Sep 2024)	0% (Sep 2024)	-150
Granules India Ltd.	Pharmaceuticals	355.3	0.00%	-0.05%	0.13% (Oct 2024)	0% (Sep 2024)	-748200
Indian Bank	Public sector bank	870.4	0.00%	-0.12%	0.16% (Dec 2024)	0% (Sep 2024)	-1400000
Cummins India Ltd.	Compressors, pumps & diesel engines	422.4	0.00%	-0.06%	0.61% (Sep 2024)	0% (Sep 2024)	-118800
Jindal Stainless Ltd.	Iron & steel products	51.9	0.00%	-0.01%	0.07% (Dec 2024)	0% (Sep 2024)	-74800
Aditya Birla Fashion and Retail Ltd.	Speciality retail	120.7	0.00%	-0.02%	0.24% (Nov 2024)	0% (Sep 2024)	-1656200
Magma Fincorp Ltd.	Non banking financial company (nbfc)	567.1	0.00%	-0.08%	0.08% (Jul 2025)	0% (Sep 2024)	-1343000
- SJVN Ltd.	Power generation	0.6	0.00%	0.00%	0.01% (Dec 2024)	0% (Sep 2024)	-5875
Dr. Reddys Laboratories Ltd.	Pharmaceuticals	225.5	0.00%	-0.03%	0.66% (Sep 2024)	0% (Sep 2024)	-177500
IRB Infrastructure Developers Ltd.	Civil construction	519.4	0.00%	-0.07%	0.28% (Jan 2025)	0% (Sep 2024)	-11523225

Trend in stock holdings (Top 15 Holding)

Stock	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024	Oct 2024	Sep 2024	Aug 2024
Reliance Industries Ltd.	3.59%	3.67%	2.26%	2.57%	1.77%	4.47%	4.86%	5.80%	6.95%	5.80%	5.31%	2.93%	2.44%
HDFC Bank Ltd.	4.11%	3.62%	3.82%	4.28%	2.51%	2.29%	2.59%	2.61%	1.03%	0.59%	5.08%	2.59%	1.97%
ICICI Bank Ltd.	3.33%	2.58%	1.97%	3.31%	2.92%	3.55%	5.13%	3.44%	1.13%	2.70%	1.10%	0.53%	0.53%
Axis Bank Ltd.	3.24%	2.79%	2.24%	1.58%	0.92%	1.31%	3.08%	4.04%	4.09%	2.97%	1.68%	0.95%	2.80%
Bharti Airtel Ltd.	1.62%	1.76%	2.32%	2.35%	1.53%	1.34%	1.96%	1.65%	1.63%	2.76%	2.12%	0.95%	0.36%
State Bank Of India	1.56%	1.64%	2.15%	1.71%	1.10%	1.35%	1.97%	2.12%	2.27%	1.55%	1.42%	0.56%	1.70%
Infosys Ltd.	0.68%	0.63%	0.34%	2.18%	3.25%	1.78%	1.82%	0.31%	1.34%	1.82%	1.27%	2.33%	1.38%
Mahindra & Mahindra Ltd.	1.01%	2.36%	2.29%	1.92%	1.13%	0.95%	0.68%	0.45%	0.98%	1.02%	2.07%	1.76%	0.88%
Tata Consultancy Services Ltd.	1.05%	1.89%	1.16%	0.89%	0.84%	1.45%	1.74%	1.46%	0.26%	0.26%	0.79%	1.66%	1.37%
National Thermal Power Corporation Ltd.	0.87%	1.12%	1.59%	1.72%	1.29%	0.37%	0.22%	1.17%	1.43%	1.23%	1.07%	1.48%	0.90%
Kotak Mahindra Bank Ltd.	1.49%	1.55%	1.27%	1.32%	0.37%	0.44%	1.38%	1.13%	1.13%	0.45%	0.84%	1.11%	1.74%
Tata Motors Ltd.	0.83%	0.83%	0.90%	0.90%	0.36%	0.31%	0.65%	0.83%	2.06%	1.52%	1.67%	1.57%	1.47%
Bajaj Finance Ltd.	1.52%	1.72%	1.01%	1.58%	1.13%	0.90%	0.20%	0.41%	0.61%	1.18%	0.85%	1.19%	1.59%
Grasim Industries Limited	0.98%	1.19%	0.72%	0.93%	1.10%	1.23%	0.83%	0.77%	0.91%	0.99%	1.19%	1.36%	0.75%
Larsen & Toubro Ltd.	0.93%	1.72%	1.33%	1.42%	1.00%	0.07%	0.64%	0.23%	0.82%	1.15%	1.01%	0.87%	1.75%

No of Debt Holding 7 (Category Avg - 11.21) | Modified Duration 0.44 Years (Category Avg - 0.37)| Yield to Maturity 6.01% (Category Avg - 5.93%)

Portfolio Summary (as on 31st Aug,2025)

Security Type	% Weight	Category Average
GOI	0.00%	1.07%
CD	2.99%	2.53%
T-Bills	0.00%	1.43%
CP	0.00%	1.38%
NCD & Bonds	0.00%	2.87%

Category - Arbitrage Fund

Security Type	% Weight	Category Average
Government Backed	0.00%	0.00%
Low Risk	2.99%	6.78%
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 - Arbitrage Fund

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

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - National Bank for Agriculture & Rural Development	CD	Financial institution	P1+	CRISIL	7732.90	1.07%	80.00 k
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	4879.99	0.68%	50.00 k
Bond - Small Industries Development Bank Of India	CD	Financial institution	PR1+	CARE	4832.53	0.67%	50.00 k
Bond - Punjab National Bank	CD	Public sector bank	F1+	FITCH	1933.75	0.27%	20.00 k
Bond - HDFC Bank Ltd.	CD	Private sector bank	PR1+	CARE	974.27	0.13%	10.00 k
Bond - HDFC Bank Ltd.	CD	Private sector bank	PR1+	CARE	737.11	0.10%	7.50 k
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	491.55	0.07%	5.00 k