Kotak Arbitrage 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 : Arbitrage Fund

Portfolio Turnover Ratio : 1789.25%. Category average turnover ratio is 1241.35%. 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 : 82.58% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 82.58%

No of Stocks : 189 (Category Avg - 142.18) | Large Cap Investments : 40.8%| Mid Cap Investments : 14.76% | Small Cap Investments : 4.49% | Other : 22.53%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	189	111.68
Top 5 Stock Weight	11.23%	22.04%
Top 10 Stock Weight	19.45%	34.22%
Top 3 Sector Weight	18.6%	27.34%

Category - Arbitrage Fund

Particulars	This Scheme	Category
Average mcap (Cr)	70386.78	92200.06
Holdings in large cap stocks	40.8%	39.91%
Holdings in mid cap stocks	14.76%	16.24%
Holdings in small cap stocks	4.49%	4.17%

Category - Arbitrage 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	22200.6	3.07%	-0.86%	4.28% (May 2025)	0.59% (Nov 2024)	2.25 Cr	-0.71 Cr
ICICI Bank Ltd.	Private sector bank	17979.1	2.49%	-1.07%	5.13% (Feb 2025)	1.13% (Dec 2024)	1.34 Cr	-0.55 Cr
Eternal Ltd.	E-retail/ e-commerce	14759	2.04%	-0.49%	2.53% (Sep 2025)	0% (Apr 2025)	4.64 Cr	-0.92 Cr
Reliance Industries Ltd.	Refineries & marketing	13317.4	1.84%	-1.59%	6.95% (Dec 2024)	1.77% (Apr 2025)	89.60 L	-0.90 Cr
Shriram Finance Ltd.	Non banking financial company (nbfc)	12959.9	1.79%	0.81%	1.79% (Oct 2025)	0.01% (Feb 2025)	1.73 Cr	59.05 L
ITC Limited	Diversified fmcg	12457.2	1.72%	0.83%	1.72% (Mar 2025)	0.13% (Dec 2024)	2.96 Cr	1.38 Cr
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	12270.1	1.70%	-0.34%	2.36% (Jul 2025)	0.45% (Jan 2025)	35.19 L	-7.30 L
J S W Steel Ltd.	Iron & steel products	12047.1	1.67%	-0.20%	1.87% (Sep 2025)	0.01% (Nov 2024)	99.89 L	-0.17 Cr
Bajaj Finserv Ltd	Holding company	11604.2	1.61%	0.19%	1.61% (Oct 2025)	0.26% (Apr 2025)	55.57 L	5.05 L
Axis Bank Ltd.	Private sector bank	10970.4	1.52%	-0.85%	4.09% (Dec 2024)	0.92% (Apr 2025)	88.99 L	-0.61 Cr

- 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	10.29	22200.6	3.07%	-0.86%	4.28% (May 2025)	0.59% (Nov 2024)	2.25 Cr	-0.71 Cr	Other	22.53
ICICI Bank Ltd.	Private sector bank	10.29	17979.1	2.49%	-1.07%	5.13% (Feb 2025)	1.13% (Dec 2024)	1.34 Cr	-0.55 Cr	Large Cap	40.8
Eternal Ltd.	E-retail/ e-commerce	2.04	14759	2.04%	-0.49%	2.53% (Sep 2025)	0% (Apr 2025)	4.64 Cr	-0.92 Cr	Other	22.53
Reliance Industries Ltd.	Refineries & marketing	2.81	13317.4	1.84%	-1.59%	6.95% (Dec 2024)	1.77% (Apr 2025)	89.60 L	-0.90 Cr	Large Cap	40.8
Shriram Finance Ltd.	Non banking financial company (nbfc)	4.16	12959.9	1.79%	0.81%	1.79% (Oct 2025)	0.01% (Feb 2025)	1.73 Cr	59.05 L	Other	22.53
ITC Limited	Diversified fmcg	2.03	12457.2	1.72%	0.83%	1.72% (Mar 2025)	0.13% (Dec 2024)	2.96 Cr	1.38 Cr	Large Cap	40.8
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	2.19	12270.1	1.70%	-0.34%	2.36% (Jul 2025)	0.45% (Jan 2025)	35.19 L	-7.30 L	Large Cap	40.8
J S W Steel Ltd.	Iron & steel products	3.93	12047.1	1.67%	-0.20%	1.87% (Sep 2025)	0.01% (Nov 2024)	99.89 L	-0.17 Cr	Large Cap	40.8
Bajaj Finserv Ltd	Holding company	1.61	11604.2	1.61%	0.19%	1.61% (Oct 2025)	0.26% (Apr 2025)	55.57 L	5.05 L	Other	22.53
Axis Bank Ltd.	Private sector bank	10.29	10970.4	1.52%	-0.85%	4.09% (Dec 2024)	0.92% (Apr 2025)	88.99 L	-0.61 Cr	Large Cap	40.8
Hindalco Industries Ltd.	Aluminium	1.65	10360.6	1.43%	0.60%	1.43% (Oct 2025)	0.18% (Nov 2024)	1.22 Cr	44.43 L	Large Cap	40.8
Hindustan Aeronautics Ltd.	Aerospace & defense	2.68	10000.3	1.38%	0.60%	1.38% (Oct 2025)	0.31% (Mar 2025)	21.37 L	9.60 L	Other	22.53
Vedanta Ltd.	Diversified metals	1.37	9923.6	1.37%	0.37%	1.37% (Oct 2025)	0.46% (Aug 2025)	2.01 Cr	48.10 L	Large Cap	40.8
Kotak Mahindra Bank Ltd.	Private sector bank	10.29	9741.6	1.35%	-0.25%	1.6% (Sep 2025)	0.37% (Apr 2025)	46.34 L	-0.11 Cr	Large Cap	40.8
Jio Financial Services Ltd.	Non banking financial company (nbfc)	4.16	9289.8	1.29%	0.11%	1.29% (Oct 2025)	0.06% (Nov 2024)	3.03 Cr	15.56 L	Other	22.53
BSE Ltd.	Exchange and data platform	1.4	9156.8	1.27%	0.92%	1.27% (Oct 2025)	0% (Nov 2024)	36.94 L	24.74 L	Small Cap	4.49
Tata Steel Ltd.	Iron & steel products	3.93	8776.1	1.21%	0.27%	1.24% (Jan 2025)	0.57% (May 2025)	4.80 Cr	83.77 L	Other	22.53
Bharat Electronics Ltd.	Aerospace & defense	2.68	8695	1.20%	0.03%	1.56% (Jul 2025)	0.19% (Jan 2025)	2.04 Cr	-3.88 L	Mid Cap	14.76
National Thermal Power Corporation Ltd.	Power generation	1.86	8609.4	1.19%	0.14%	1.72% (May 2025)	0.22% (Feb 2025)	2.56 Cr	35.37 L	Large Cap	40.8
Power Grid Corporation of India Ltd.	Power - transmission	1.61	8565.4	1.19%	0.40%	1.19% (Oct 2025)	0.06% (Nov 2024)	2.97 Cr	96.08 L	Large Cap	40.8
Grasim Industries Limited	Cement & cement products	2.82	8242.8	1.14%	0.08%	1.23% (Mar 2025)	0.72% (Jun 2025)	28.51 L	95.50 k	Large Cap	40.8
Titan Company Ltd.	Gems, jewellery and watches	1.43	7735	1.07%	0.18%	1.12% (May 2025)	0.28% (Nov 2024)	20.64 L	1.70 L	Large Cap	40.8
Adani Ports And Special Economic Zone Ltd.	Port & port services	1.03	7422.1	1.03%	0.12%	1.04% (Jun 2025)	0.08% (Apr 2025)	51.13 L	4.74 L	Large Cap	40.8
Ultratech Cement Ltd.	Cement & cement products	2.82	6803.2	0.94%	0.37%	1% (Apr 2025)	0.08% (Dec 2024)	5.69 L	2.34 L	Large Cap	40.8
Oil & Natural Gas Corporation Ltd.	Oil exploration & production	0.91	6602.5	0.91%	0.11%	1.25% (Mar 2025)	0.12% (Aug 2025)	2.59 Cr	18.92 L	Large Cap	40.8
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	1.54	6263.3	0.87%	-0.66%	2.76% (Nov 2024)	0.87% (Oct 2025)	30.49 L	-0.28 Cr	Large Cap	40.8
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	4.15	6119.2	0.85%	0.44%	0.93% (Feb 2025)	0.09% (Dec 2024)	36.19 L	17.60 L	Large Cap	40.8
Indian Hotels Company Limited	Hotels & resorts	0.82	5928.5	0.82%	0.25%	0.85% (Jun 2025)	0% (Nov 2024)	79.92 L	23.50 L	Mid Cap	14.76
Hindustan Zinc Ltd.	Zinc	0.81	5868.1	0.81%	0.10%	0.81% (Oct 2025)	0% (Nov 2024)	1.23 Cr	17.22 L	Large Cap	40.8
Max Healthcare Institute Ltd.	Hospital	2.01	5623.4	0.78%	-0.05%	0.93% (Apr 2025)	0% (Nov 2024)	48.99 L	-4.09 L	Other	22.53
Indus Towers Ltd.	Telecom - infrastructure	0.84	5618.1	0.78%	0.21%	0.78% (Oct 2025)	0.37% (Apr 2025)	1.55 Cr	36.11 L	Large Cap	40.8
PB Fintech Ltd.	Financial technology (fintech)	1.26	5597.1	0.77%	0.47%	0.77% (Oct 2025)	0% (Nov 2024)	31.35 L	18.73 L	Other	22.53
Tata Consultancy Services Ltd.	Computers - software & consulting	3.04	5496.5	0.76%	-0.42%	1.89% (Jul 2025)	0.26% (Dec 2024)	17.97 L	-0.11 Cr	Large Cap	40.8
Power Finance Corporation Ltd.	Financial institution	1.6	5442	0.75%	0.19%	1.03% (Dec 2024)	0.29% (Jul 2025)	1.35 Cr	37.39 L	Mid Cap	14.76
Larsen & Toubro Ltd.	Civil construction	1.12	5422.5	0.75%	-0.36%	1.72% (Jul 2025)	0.07% (Mar 2025)	13.45 L	-8.15 L	Large Cap	40.8
Britannia Industries Ltd.	Packaged foods	1.16	5138.3	0.71%	-0.06%	0.77% (Sep 2025)	0% (Nov 2024)	8.80 L	-0.37 L	Large Cap	40.8
Vodafone Idea Ltd.	Telecom - cellular & fixed line services	1.54	4863.3	0.67%	-0.15%	0.82% (Sep 2025)	0.41% (Mar 2025)	55.71 Cr	-16.85	Large Cap	40.8
UPL Ltd.	Pesticides & agrochemicals	0.7	4843.6	0.67%	0.45%	0.67% (Oct 2025)	0% (Dec 2024)	67.26 L	43.17 L	Large Cap	40.8
United Spirits Ltd.	Breweries & distilleries	0.63	4558.2	0.63%	0.26%	0.63% (Oct 2025)	0.23% (Dec 2024)	31.84 L	11.61 L	Large Cap	40.8
Apollo Hospitals Enterprises Ltd.	Hospital	2.01	4486.7	0.62%	-0.14%	0.86% (May 2025)	0.04% (Jan 2025)	5.84 L	-1.47 L	Mid Cap	14.76
TVS Motor Company Ltd.	2/3 wheelers	1.18	4465.2	0.62%	-0.28%	0.9% (Sep 2025)	0.12% (Jul 2025)	12.73 L	-5.93 L	Mid Cap	14.76
Trent Limited	Speciality retail	0.61	4422	0.61%	-0.44%	1.22% (Jul 2025)	0.24% (Jun 2025)	9.42 L	-6.56 L	Mid Cap	14.76
Fortis Healthcare Ltd.	Hospital	2.01	4409.1	0.61%	0.45%	0.61% (Oct 2025)	0% (Nov 2024)	43.10 L	31.19 L	Other	22.53
Coforge Ltd.	Computers - software & consulting	3.04	4331.5	0.60%	-0.01%	0.82% (Jan 2025)	0.04% (Nov 2024)	24.36 L	-2.86 L	Other	22.53
Indusind Bank Ltd.	Private sector bank	10.29	4166	0.58%	0.33%	0.98% (Nov 2024)	0% (Apr 2025)	52.42 L	27.69 L	Large Cap	40.8
Ambuja Cements Ltd.	Cement & cement products	2.82	4069.6	0.56%	0.05%	0.56% (Oct 2025)	0.02% (Jul 2025)	71.98 L	7.52 L	Large Cap	40.8
Rural Electrification Corporation Limited	Financial institution	1.6	4038.5	0.56%	0.09%	0.84% (Jan 2025)	0.2% (Apr 2025)	1.08 Cr	16.79 L	Mid Cap	14.76
Marico Ltd.	Personal care	0.67	4004.4	0.55%	0.16%	0.55% (Oct 2025)	0.07% (Jan 2025)	55.62 L	16.12 L	Large Cap	40.8
Hindustan Petroleum Corporation Ltd.	Refineries & marketing	2.81	3958.7	0.55%	0.12%	0.55% (Oct 2025)	0% (Nov 2024)	83.17 L	13.99 L	Large Cap	40.8
Yes Bank	Private sector bank	10.29	3874.1	0.54%	0.10%	0.6% (Jun 2025)	0.03% (Nov 2024)	17.04 Cr	2.34 Cr	Other	22.53
Aurobindo Pharma Ltd.	Pharmaceuticals	4.15	3850.5	0.53%	0.24%	0.53% (Oct 2025)	0.17% (Jan 2025)	33.81 L	14.65 L	Large Cap	40.8
Glenmark Pharmaceuticals Ltd.	Pharmaceuticals	4.15	3776.5	0.52%	0.16%	0.52% (Oct 2025)	0.01% (Nov 2024)	19.97 L	6.95 L	Mid Cap	14.76
Bank Of Baroda	Public sector bank	2.36	3665.3	0.51%	-0.10%	0.73% (Dec 2024)	0.09% (May 2025)	1.32 Cr	-0.36 Cr	Large Cap	40.8
Tech Mahindra Ltd.	Computers - software & consulting	3.04	3651.9	0.51%	0.48%	0.63% (Mar 2025)	0% (Nov 2024)	25.64 L	23.95 L	Large Cap	40.8
State Bank Of India	Public sector bank	2.36	3642.4	0.50%	-0.55%	2.27% (Dec 2024)	0.5% (Oct 2025)	38.87 L	-0.47 Cr	Large Cap	40.8
Laurus Labs Ltd.	Pharmaceuticals	4.15	3621	0.50%	0.35%	0.5% (Oct 2025)	0.08% (Nov 2024)	37.97 L	25.02 L	Other	22.53
One 97 Communications Ltd.	Financial technology (fintech)	1.26	3514.7	0.49%	-0.24%	0.84% (Aug 2025)	0.08% (Nov 2024)	26.97 L	-0.20 Cr	Other	22.53
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	2.19	3461.4	0.48%	0.23%	0.92% (Nov 2024)	0% (Nov 2024)	2.14 L	1.03 L	Large Cap	40.8
Persistent Systems Ltd.	Computers - software & consulting	3.04	3455.3	0.48%	-0.07%	0.56% (Jun 2025)	0.01% (Dec 2024)	5.84 L	-2.25 L	Other	22.53
Union Bank Of India	Public sector bank	2.36	3407.1	0.47%	0.22%	0.47% (Oct 2025)	0% (Nov 2024)	2.29 Cr	1.01 Cr	Mid Cap	14.76
Aditya Birla Capital Ltd.	Life insurance	1.6	3367.8	0.47%	0.22%	0.47% (Oct 2025)	0.07% (May 2025)	1.04 Cr	42.69 L	Mid Cap	14.76
Max Financial Services Ltd.	Life insurance	1.6	3296.5	0.46%	0.11%	0.46% (Oct 2025)	0% (Nov 2024)	21.32 L	5.23 L	Mid Cap	14.76
Varun Beverages Ltd.	Other beverages	0.45	3279.2	0.45%	-0.17%	0.88% (Feb 2025)	0% (Nov 2024)	69.82 L	-0.30 Cr	Other	22.53
Nestle India Ltd.	Packaged foods	1.16	3275.6	0.45%	0.14%	0.49% (Jun 2025)	0% (Nov 2024)	25.76 L	6.36 L	Other	22.53
Bajaj Finance Ltd.	Non banking financial company (nbfc)	4.16	3131.5	0.43%	-0.01%	1.72% (Jul 2025)	0.2% (Feb 2025)	30.03 L	-1.32 L	Other	22.53
Dixon Technologies (India) Ltd.	Consumer electronics	0.51	3091.8	0.43%	-0.02%	0.73% (Dec 2024)	0% (Nov 2024)	2.00 L	2.10 k	Other	22.53
Lupin Ltd.	Pharmaceuticals	4.15	3059.2	0.42%	-0.05%	0.53% (Jun 2025)	0.01% (Dec 2024)	15.58 L	-1.94 L	Large Cap	40.8
Adani Energy Solutions Ltd.	Power - transmission	1.61	3018.9	0.42%	0.14%	0.46% (Mar 2025)	0.06% (Nov 2024)	30.61 L	8.03 L	Mid Cap	14.76
Eicher Motors Ltd.	2/3 wheelers	1.18	2989.5	0.41%	-0.09%	0.78% (Aug 2025)	0.08% (Jan 2025)	4.27 L	-0.87 L	Other	22.53
HDFC Life Insurance Company Ltd.	Life insurance	1.6	2850.6	0.39%	0.33%	0.61% (May 2025)	0.01% (Jun 2025)	38.95 L	32.89 L	Large Cap	40.8
Indian Oil Corporation Ltd.	Refineries & marketing	2.81	2809.6	0.39%	0.07%	0.5% (Nov 2024)	0.02% (Jul 2025)	1.69 Cr	17.70 L	Large Cap	40.8
GMR Airports Ltd.	Airport & airport services	0.38	2729.9	0.38%	0.05%	0.4% (Jul 2025)	0.1% (Feb 2025)	2.91 Cr	22.32 L	Small Cap	4.49
Asian Paints (india) Ltd.	Paints	0.38	2725.5	0.38%	0.26%	0.43% (Feb 2025)	0% (Apr 2025)	10.86 L	7.32 L	Large Cap	40.8
Solar Industries India Ltd.	Explosives	0.37	2683.3	0.37%	0.04%	0.42% (May 2025)	0% (Nov 2024)	1.93 L	14.40 k	Small Cap	4.49
HCL Technologies Limited	Computers - software & consulting	3.04	2656.1	0.37%	-0.15%	1.23% (Jul 2025)	0.01% (Jun 2025)	17.23 L	-9.39 L	Large Cap	40.8
Jindal Steel Ltd.	Iron & steel products	3.93	2648.3	0.37%	0.03%	0.48% (Nov 2024)	0.01% (Feb 2025)	24.83 L	1.98 L	Mid Cap	14.76
Patanjali Foods Ltd.	Edible oil	0.36	2632.2	0.36%	0.12%	0.36% (Oct 2025)	0% (Nov 2024)	43.70 L	13.75 L	Other	22.53
Delhivery Ltd.	Logistics solution provider	0.66	2591.2	0.36%	-0.02%	0.38% (Sep 2025)	0% (Nov 2024)	55.61 L	-4.21 L	Other	22.53
Kalyan Jewellers India Ltd.	Gems, jewellery and watches	1.43	2587.8	0.36%	0.14%	0.36% (Oct 2025)	0% (Nov 2024)	50.77 L	16.29 L	Other	22.53
- Divis Laboratories Ltd.	Pharmaceuticals	4.15	2557.7	0.35%	0.00%	0.84% (Apr 2025)	0.1% (Aug 2025)	3.80 L	-0.63 L	Large Cap	40.8
Adani Green Energy Ltd.	Power generation	1.86	2502.8	0.35%	-0.14%	0.7% (Mar 2025)	0% (Nov 2024)	21.95 L	-0.12 Cr	Small Cap	4.49
Lodha Developers Ltd.	Residential, commercial projects	1.3	2501.8	0.35%	-0.03%	0.43% (Jul 2025)	0% (Nov 2024)	20.88 L	-2.78 L	Other	22.53
Steel Authority Of India Ltd.	Iron & steel products	3.93	2493	0.34%	0.10%	0.34% (Oct 2025)	0.12% (Aug 2025)	1.82 Cr	52.22 L	Mid Cap	14.76
APL Apollo Tubes Ltd.	Iron & steel products	3.93	2456.1	0.34%	-0.07%	0.41% (Sep 2025)	0.03% (Nov 2024)	13.71 L	-3.58 L	Other	22.53
Adani Enterprises Ltd.	Trading - minerals	0.33	2396.7	0.33%	0.12%	1.01% (Jun 2025)	0.14% (Nov 2024)	9.66 L	3.75 L	Mid Cap	14.76
DLF Ltd.	Residential, commercial projects	1.3	2347.8	0.32%	-0.25%	0.81% (Nov 2024)	0.09% (Jul 2025)	31.04 L	-0.27 Cr	Large Cap	40.8
Biocon Ltd.	Pharmaceuticals	4.15	2327.5	0.32%	0.24%	0.32% (Oct 2025)	0.01% (Jan 2025)	62.55 L	46.33 L	Mid Cap	14.76
Punjab National Bank	Public sector bank	2.36	2299.5	0.32%	-0.04%	0.59% (Nov 2024)	0.05% (Mar 2025)	1.87 Cr	-0.40 Cr	Large Cap	40.8
# ICICI Lombard General Insurance Co Ltd.	General insurance	0.31	2248.4	0.31%	0.31%	0.43% (Nov 2024)	0% (Sep 2025)	11.28 L	11.17 L	Large Cap	40.8
Hindustan Unilever Ltd.	Diversified fmcg	2.03	2247.8	0.31%	-0.10%	0.95% (Jul 2025)	0.09% (Jan 2025)	9.12 L	-2.64 L	Large Cap	40.8
Supreme Industries Ltd.	Plastic products - industrial	0.31	2223.7	0.31%	0.21%	0.35% (Jan 2025)	0.01% (Nov 2024)	5.83 L	4.07 L	Mid Cap	14.76
Canara Bank	Public sector bank	2.36	2145.3	0.30%	-0.20%	0.5% (Sep 2025)	0.18% (May 2025)	1.57 Cr	-1.34 Cr	Other	22.53
Container Corporation Of India Ltd.	Logistics solution provider	0.66	2138.1	0.30%	0.13%	0.32% (Nov 2024)	0.03% (May 2025)	39.21 L	15.45 L	Large Cap	40.8
IDFC First Bank Ltd.	Private sector bank	10.29	2068.2	0.29%	0.02%	0.53% (Mar 2025)	0% (Nov 2024)	2.53 Cr	-0.20 Cr	Mid Cap	14.76
L&T Finance Holdings Ltd.	Investment company	0.28	2028.8	0.28%	0.18%	0.28% (Oct 2025)	0% (Nov 2024)	75.01 L	45.51 L	Mid Cap	14.76
RBL Bank Ltd.	Private sector bank	10.29	2011.2	0.28%	0.08%	0.28% (Oct 2025)	0% (Nov 2024)	61.63 L	9.08 L	Mid Cap	14.76
Phoenix Mills Ltd.	Residential, commercial projects	1.3	1992.3	0.28%	0.05%	0.32% (Jun 2025)	0% (Nov 2024)	11.84 L	1.20 L	Small Cap	4.49
Sammaan Capital Ltd.	Housing finance company	0.66	1952.7	0.27%	0.17%	0.27% (Oct 2025)	0% (Nov 2024)	1.04 Cr	58.35 L	Mid Cap	14.76
Crompton Greaves Consumer Electricals Ltd.	Household appliances	0.26	1905.7	0.26%	0.04%	0.32% (Dec 2024)	0.2% (Jul 2025)	67.41 L	13.70 L	Mid Cap	14.76
Manappuram Finance Ltd.	Non banking financial company (nbfc)	4.16	1848.2	0.26%	0.10%	0.26% (Oct 2025)	0% (Jul 2025)	68.58 L	28.44 L	Mid Cap	14.76
Petronet LNG Ltd.	Lpg/cng/png/lng supplier	0.25	1828.1	0.25%	0.07%	0.29% (Mar 2025)	0.05% (Dec 2024)	65.00 L	18.54 L	Large Cap	40.8
PNB Housing Finance Ltd.	Housing finance company	0.66	1818.2	0.25%	0.14%	0.26% (Jun 2025)	0% (Nov 2024)	19.58 L	10.22 L	Mid Cap	14.76
Alkem Laboratories Ltd.	Pharmaceuticals	4.15	1794.4	0.25%	-0.05%	0.34% (Aug 2025)	0% (Nov 2024)	3.26 L	-0.71 L	Mid Cap	14.76
IIFL Finance Ltd.	Non banking financial company (nbfc)	4.16	1769.5	0.24%	0.10%	0.24% (Oct 2025)	0% (Nov 2024)	33.10 L	10.82 L	Small Cap	4.49
Cipla Ltd.	Pharmaceuticals	4.15	1731.8	0.24%	0.15%	0.59% (Jul 2025)	0.09% (Sep 2025)	11.54 L	7.11 L	Large Cap	40.8
Motherson Sumi Systems Ltd.	Auto components & equipments	0.56	1715	0.24%	0.02%	0.53% (Nov 2024)	0.17% (May 2025)	1.63 Cr	15.62 L	Large Cap	40.8
# Central Depository Services (India) Ltd.	Depositories, clearing houses and other intermediaries	0.33	1648.8	0.23%	0.23%	0.37% (Dec 2024)	0% (Nov 2024)	10.39 L	10.37 L	Small Cap	4.49
Tata Power Co. Ltd.	Integrated power utilities	0.38	1619.8	0.22%	0.09%	0.77% (Dec 2024)	0.06% (Aug 2025)	40.01 L	16.47 L	Mid Cap	14.76
National Aluminium Co. Ltd.	Aluminium	1.65	1619.1	0.22%	0.05%	0.27% (Dec 2024)	0% (Nov 2024)	69.15 L	11.78 L	Small Cap	4.49
Bank Of India	Public sector bank	2.36	1593.7	0.22%	0.03%	0.22% (Oct 2025)	0.01% (Nov 2024)	1.14 Cr	4.94 L	Mid Cap	14.76
NMDC LTD	Industrial minerals	0.22	1577.2	0.22%	-0.08%	0.35% (Jan 2025)	0.09% (Jun 2025)	2.08 Cr	-0.71 Cr	Mid Cap	14.76
SRF Ltd.	Specialty chemicals	0.4	1532.1	0.21%	0.05%	0.62% (Apr 2025)	0.01% (Dec 2024)	5.23 L	1.26 L	Mid Cap	14.76
Prestige Estates Projects Ltd.	Residential, commercial projects	1.3	1524.7	0.21%	-0.09%	0.33% (Jul 2025)	0% (Nov 2024)	8.74 L	-5.24 L	Mid Cap	14.76
NBCC (India) Ltd.	Civil construction	1.12	1476.7	0.20%	0.07%	0.2% (Oct 2025)	0% (Nov 2024)	1.26 Cr	39.98 L	Mid Cap	14.76
Mphasis Ltd.	Computers - software & consulting	3.04	1455.8	0.20%	0.16%	0.3% (Feb 2025)	0.01% (Dec 2024)	5.27 L	4.15 L	Mid Cap	14.76
Housing & Urban Development Corporation Ltd.	Financial institution	1.6	1454.8	0.20%	0.10%	0.2% (Oct 2025)	0% (Feb 2025)	61.38 L	30.64 L	Small Cap	4.49
J S W Energy Ltd.	Power generation	1.86	1441	0.20%	-0.15%	0.36% (Apr 2025)	0% (Nov 2024)	27.32 L	-0.20 Cr	Mid Cap	14.76
Pidilite Industries Ltd.	Specialty chemicals	0.4	1363	0.19%	-0.16%	0.66% (Jan 2025)	0.14% (Jun 2025)	9.44 L	-7.58 L	Large Cap	40.8
Polycab India Limited	Cables - electricals	0.19	1355.9	0.19%	0.09%	0.45% (Jun 2025)	0.02% (Aug 2025)	1.76 L	80.75 k	Other	22.53
Suzlon Energy Ltd.	Heavy electrical equipment	0.63	1286.1	0.18%	0.02%	0.18% (Oct 2025)	0% (Nov 2024)	2.17 Cr	4.48 L	Small Cap	4.49
NCC Ltd.	Civil construction	1.12	1220.2	0.17%	0.07%	0.2% (Dec 2024)	0.01% (Mar 2025)	57.46 L	22.19 L	Small Cap	4.49
Bandhan Bank Ltd.	Private sector bank	10.29	1209	0.17%	0.02%	0.22% (Nov 2024)	0.07% (Jun 2025)	77.22 L	12.82 L	Large Cap	40.8
Torrent Power Ltd.	Integrated power utilities	0.38	1189.8	0.16%	-0.01%	0.17% (Sep 2025)	0% (Nov 2024)	9.04 L	-1.20 L	Mid Cap	14.76
- Inox Wind Ltd.	Heavy electrical equipment	0.63	1124.8	0.16%	0.00%	0.16% (Sep 2025)	0% (Nov 2024)	72.51 L	-9.16 L	Small Cap	4.49
# Dalmia Bharat Ltd.	Cement & cement products	2.82	1121.7	0.16%	0.16%	0.21% (Nov 2024)	0% (Nov 2024)	5.35 L	5.27 L	Mid Cap	14.76
Hero Motocorp Ltd.	2/3 wheelers	1.18	1116.8	0.15%	0.08%	0.82% (Dec 2024)	0% (Nov 2024)	2.01 L	1.05 L	Large Cap	40.8
HDFC Asset Management Co. Ltd.	Asset management company	0.15	1116.7	0.15%	0.10%	0.6% (Nov 2024)	0% (Nov 2024)	2.08 L	1.41 L	Large Cap	40.8
Tata Consumer Products Ltd.	Tea & coffee	0.15	1102.1	0.15%	-0.09%	0.76% (Mar 2025)	0.04% (Jan 2025)	9.46 L	-5.79 L	Mid Cap	14.76
Muthoot Finance Pvt. Ltd.	Non banking financial company (nbfc)	4.16	1084.8	0.15%	0.09%	0.27% (Aug 2025)	0% (Nov 2024)	3.41 L	2.12 L	Mid Cap	14.76
Godrej Properties Ltd.	Residential, commercial projects	1.3	1032.5	0.14%	-0.15%	0.49% (Jan 2025)	0.04% (Mar 2025)	4.51 L	-5.85 L	Mid Cap	14.76
# ABB Power Products and Systems India Ltd.	Heavy electrical equipment	0.63	1000	0.14%	0.14%	0.14% (Oct 2025)	0% (Nov 2024)	56.25 k	56.25 k	Other	22.53
LIC Housing Finance Ltd.	Housing finance company	0.66	999.2	0.14%	-0.07%	0.25% (Mar 2025)	0.02% (Jul 2025)	17.50 L	-9.53 L	Mid Cap	14.76
Indian Energy Exchange Ltd.	Exchange and data platform	1.4	959.5	0.13%	0.06%	0.23% (May 2025)	0.01% (Aug 2025)	69.00 L	32.03 L	Small Cap	4.49
Mazagon Dock Shipbuilders Ltd.	Ship building & allied services	0.13	930.3	0.13%	-0.13%	0.26% (Sep 2025)	0% (Nov 2024)	3.41 L	-3.21 L	Other	22.53
Zydus Lifesciences Ltd.	Pharmaceuticals	4.15	900.7	0.12%	-0.06%	0.18% (Sep 2025)	0.02% (Feb 2025)	9.24 L	-3.90 L	Mid Cap	14.76
Bosch Ltd.	Auto components & equipments	0.56	887.4	0.12%	0.01%	0.21% (Mar 2025)	0.09% (Nov 2024)	23.83 k	3.00 k	Large Cap	40.8
NHPC Ltd.	Power generation	1.86	877.5	0.12%	0.08%	0.29% (May 2025)	0% (Nov 2024)	1.03 Cr	71.17 L	Mid Cap	14.76
GAIL (India) Ltd.	Gas transmission/marketing	0.12	869.3	0.12%	-0.33%	0.94% (Dec 2024)	0.03% (Apr 2025)	47.57 L	-1.35 Cr	Large Cap	40.8
Jubilant Foodworks Ltd.	Restaurants	0.12	849	0.12%	-0.02%	0.3% (Aug 2025)	0% (Nov 2024)	14.20 L	-1.96 L	Other	22.53
# LTIMindtree Ltd.	Computers - software & consulting	3.04	780.2	0.11%	0.11%	0.17% (Feb 2025)	0% (Nov 2024)	1.37 L	1.37 L	Mid Cap	14.76
Life Insurance Corporation Of India	Life insurance	1.6	766.6	0.11%	0.08%	0.28% (May 2025)	0% (Nov 2024)	8.57 L	6.02 L	Other	22.53
Computer Age Management Services Pvt Ltd.	Depositories, clearing houses and other intermediaries	0.33	749.6	0.10%	0.08%	0.2% (Jul 2025)	0% (Nov 2024)	1.90 L	1.61 L	Other	22.53
Oracle Financial Services Software Limited	Software products	0.1	741.4	0.10%	0.07%	0.23% (Mar 2025)	0% (Nov 2024)	87.08 k	65.10 k	Mid Cap	14.76
Bharat Dynamics Ltd.	Aerospace & defense	2.68	720.5	0.10%	-0.02%	0.15% (Aug 2025)	0% (Nov 2024)	4.71 L	-0.82 L	Other	22.53
ICICI Prudential Life Insurance Co Ltd.	Life insurance	1.6	710.3	0.10%	0.09%	0.33% (Dec 2024)	0.01% (Sep 2025)	12.02 L	10.71 L	Large Cap	40.8
Indian Railway Finance Corporation Ltd.	Financial institution	1.6	683.9	0.09%	0.07%	0.09% (Oct 2025)	0% (Nov 2024)	55.46 L	41.31 L	Other	22.53
Bharat Heavy Electricals Ltd.	Heavy electrical equipment	0.63	673.9	0.09%	-0.06%	0.43% (Dec 2024)	0.09% (Oct 2025)	25.38 L	-0.21 Cr	Mid Cap	14.76
Cyient Ltd.	It enabled services	0.09	667	0.09%	0.03%	0.16% (Mar 2025)	0% (Nov 2024)	5.74 L	1.84 L	Small Cap	4.49
Exide Industries Ltd.	Auto components & equipments	0.56	553.4	0.08%	-0.11%	0.29% (Nov 2024)	0.04% (Feb 2025)	14.49 L	-0.20 Cr	Mid Cap	14.76
SBI Life Insurance Co Ltd.	Life insurance	1.6	535.4	0.07%	-0.08%	0.55% (Nov 2024)	0.07% (Jun 2025)	2.74 L	-3.25 L	Large Cap	40.8
Syngene International Ltd.	Healthcare research, analytics & technology	0.07	487.6	0.07%	-0.02%	0.23% (Nov 2024)	0.05% (Jul 2025)	7.50 L	-2.84 L	Mid Cap	14.76
# Godrej Consumer Products Ltd	Personal care	0.67	482.1	0.07%	0.07%	0.71% (Feb 2025)	0% (Nov 2024)	4.31 L	4.31 L	Large Cap	40.8
HFCL Ltd.	Telecom - infrastructure	0.84	413.9	0.06%	0.01%	0.14% (Jan 2025)	0.04% (Dec 2024)	56.31 L	5.10 L	Small Cap	4.49
Havells India Ltd.	Consumer electronics	0.51	394.4	0.05%	-0.11%	0.67% (Nov 2024)	0% (Jul 2025)	2.64 L	-5.19 L	Large Cap	40.8
# Cummins India Ltd.	Compressors, pumps & diesel engines	0.05	382.3	0.05%	0.05%	0.53% (Jan 2025)	0% (Nov 2024)	88.00 k	88.00 k	Mid Cap	14.76
# UNO Minda Ltd.	Auto components & equipments	0.56	364.1	0.05%	0.05%	0.2% (Jun 2025)	0% (Nov 2024)	2.95 L	2.94 L	Small Cap	4.49
Dabur India Ltd.	Personal care	0.67	330.9	0.05%	-0.18%	0.36% (Apr 2025)	0% (Jul 2025)	6.79 L	-0.27 Cr	Large Cap	40.8
Torrent Pharmaceuticals Ltd.	Pharmaceuticals	4.15	299.9	0.04%	-0.02%	0.49% (Apr 2025)	0.04% (Oct 2025)	84.25 k	-0.29 L	Mid Cap	14.76
360 ONE WAM Ltd.	Other financial services	0.04	297.7	0.04%	-0.04%	0.32% (Jul 2025)	0% (Nov 2024)	2.76 L	-2.78 L	Other	22.53
Titagarh Rail Systems Ltd.	Railway wagons	0.04	289.9	0.04%	-0.01%	0.05% (Sep 2025)	0% (Nov 2024)	3.28 L	-0.71 L	Small Cap	4.49
# Indian Bank	Public sector bank	2.36	279.1	0.04%	0.04%	0.16% (Dec 2024)	0% (Nov 2024)	3.25 L	3.25 L	Mid Cap	14.76
Tube Investments Of India Ltd.	Auto components & equipments	0.56	277.5	0.04%	-0.18%	0.33% (Apr 2025)	0.02% (Jul 2025)	91.80 k	-4.13 L	Small Cap	4.49
Bharat Petroleum Corporation Ltd.	Refineries & marketing	2.81	226.2	0.03%	-0.18%	0.51% (Mar 2025)	0% (Nov 2024)	6.34 L	-0.38 Cr	Large Cap	40.8
CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	0.63	212.9	0.03%	-0.12%	0.27% (Jun 2025)	0.01% (Nov 2024)	2.89 L	-0.12 Cr	Small Cap	4.49
Sona BLW Precision Forgings Ltd.	Auto components & equipments	0.56	212	0.03%	-0.09%	0.12% (Jan 2025)	0% (Nov 2024)	4.48 L	-0.17 Cr	Other	22.53
Coal India Ltd.	Coal	0.03	211.4	0.03%	-0.10%	0.92% (Nov 2024)	0.03% (Oct 2025)	5.44 L	-0.18 Cr	Large Cap	40.8
Pi Industries Ltd.	Pesticides & agrochemicals	0.7	201	0.03%	0.02%	0.28% (Apr 2025)	0% (May 2025)	56.18 k	37.63 k	Mid Cap	14.76
PG Electroplast Ltd.	Consumer electronics	0.51	199	0.03%	-0.07%	0.14% (Jul 2025)	0% (Nov 2024)	3.49 L	-0.10 Cr	Other	22.53
# InterGlobe Aviation Ltd.	Airline	0.02	135	0.02%	0.02%	0.86% (May 2025)	0% (Nov 2024)	24.00 k	21.60 k	Large Cap	40.8
Siemens Ltd.	Heavy electrical equipment	0.63	125.4	0.02%	-0.15%	0.48% (Feb 2025)	0% (May 2025)	40.50 k	-3.48 L	Large Cap	40.8
Shree Cement Ltd.	Cement & cement products	2.82	125.3	0.02%	0.01%	0.17% (Aug 2025)	0% (Nov 2024)	4.43 k	2.30 k	Large Cap	40.8
Tata Motors Ltd.	Passenger cars & utility vehicles	2.19	104.3	0.01%	-0.57%	2.06% (Dec 2024)	0.01% (Oct 2025)	2.54 L	-0.58 Cr	Large Cap	40.8
Piramal Pharma Ltd.	Pharmaceuticals	4.15	98.8	0.01%	-0.03%	0.15% (Jul 2025)	0% (Nov 2024)	4.95 L	-8.45 L	Other	22.53
# Angel One Ltd.	Stockbroking & allied	0.01	96.6	0.01%	0.01%	0.08% (Jun 2025)	0% (Nov 2024)	38.75 k	36.50 k	Other	22.53
ABB India Ltd.	Heavy electrical equipment	0.63	94	0.01%	-0.02%	0.54% (Nov 2024)	0.01% (Oct 2025)	18.00 k	-0.25 L	Large Cap	40.8
# Tata Technologies Ltd.	Computers - software & consulting	3.04	82	0.01%	0.01%	0.06% (Jul 2025)	0% (Nov 2024)	1.18 L	1.16 L	Other	22.53
Kaynes Technology India Private Ltd.	Industrial products	0.01	77.8	0.01%	-0.06%	0.23% (Aug 2025)	0% (Nov 2024)	11.60 k	-0.64 L	Other	22.53
Indian Railway Catering and Tourism Corporation Ltd.	Tour, travel related services	0.01	74.8	0.01%	-0.01%	0.26% (Jan 2025)	0.01% (Oct 2025)	1.04 L	-0.79 L	Other	22.53
- Avenue Supermarts Ltd.	Diversified retail	0	23.7	0.00%	0.00%	0.36% (Feb 2025)	0% (Nov 2024)	5.70 k	5.70 k	Large Cap	40.8
- Indian Renewable Energy Development Agency Ltd.	Financial institution	1.6	22.5	0.00%	0.00%	0.11% (Jun 2025)	0% (Nov 2024)	1.48 L	1.48 L	Other	22.53
KEI Industries Ltd.	Cables - electricals	0.19	19.1	0.00%	-0.19%	0.25% (Apr 2025)	0% (Nov 2024)	4.73 k	-3.30 L	Small Cap	4.49
Edelweiss Securities Pvt. Ltd.	Stockbroking & allied	0.01	14.9	0.00%	-0.05%	0.05% (Sep 2025)	0% (Nov 2024)	2.10 k	-0.51 L	Other	22.53
Oil India Ltd.	Oil exploration & production	0.91	12.1	0.00%	-0.02%	0.32% (Mar 2025)	0% (Oct 2025)	28.00 k	-2.44 L	Mid Cap	14.76
- Blue Star Ltd.	Household appliances	0.26	5	0.00%	0.00%	0.02% (Jun 2025)	0% (Nov 2024)	2.60 k	2.60 k	Small Cap	4.49
Indraprastha Gas Ltd.	Lpg/cng/png/lng supplier	0.25	1.2	0.00%	-0.01%	0.19% (Nov 2024)	0% (Nov 2024)	5.50 k	-2.97 L	Mid Cap	14.76
Astral Ltd.	Plastic products - industrial	0.31	0.6	0.00%	-0.01%	0.33% (Nov 2024)	0% (Nov 2024)	425.00	-0.76 L	Mid Cap	14.76
Mankind Pharma Ltd.	Pharmaceuticals	4.15	0.5	0.00%	-0.07%	0.16% (Aug 2025)	0% (Nov 2024)	225.00	-2.00 L	Other	22.53
- KPIT Technologies Ltd.	Computers - software & consulting	3.04	0.5	0.00%	0.00%	0.14% (Dec 2024)	0% (Nov 2024)	400.00	-4.00 k	Other	22.53
- TVS Motor Company Ltd. - Preference Shares	2/3 wheelers	1.18	33.6	0.00%	0.00%	0% (Nov 2025)	0% (Nov 2025)	33.29 L	0.00	Other	22.53
Oberoi Realty Ltd.	Residential, commercial projects	1.3	352.2	0.00%	-0.05%	-	-	-	-	Mid Cap	14.76
Info Edge (India) Ltd.	Internet & catalogue retail		633.4	0.00%	-0.09%	-	-	-	-	Other	22.53
Colgate - Palmolive (India) Limited	Personal care	0.67	303.5	0.00%	-0.04%	-	-	-	-	Large Cap	40.8
Infosys Ltd.	Computers - software & consulting	3.04	324.1	0.00%	-0.05%	-	-	-	-	Large Cap	40.8

- 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
# Godrej Consumer Products Ltd	Personal care	482.1	0.07%	0.07%	0.71% (Feb 2025)	0% (Nov 2024)	4.31 L	431000
# LTIMindtree Ltd.	Computers - software & consulting	780.2	0.11%	0.11%	0.17% (Feb 2025)	0% (Nov 2024)	1.37 L	137250
- Indian Renewable Energy Development Agency Ltd.	Financial institution	22.5	0.00%	0.00%	0.11% (Jun 2025)	0% (Nov 2024)	1.48 L	148350
# ABB Power Products and Systems India Ltd.	Heavy electrical equipment	1000	0.14%	0.14%	0.14% (Oct 2025)	0% (Nov 2024)	56.25 k	56250
# Indian Bank	Public sector bank	279.1	0.04%	0.04%	0.16% (Dec 2024)	0% (Nov 2024)	3.25 L	325000
# Cummins India Ltd.	Compressors, pumps & diesel engines	382.3	0.05%	0.05%	0.53% (Jan 2025)	0% (Nov 2024)	88.00 k	88000
- Avenue Supermarts Ltd.	Diversified retail	23.7	0.00%	0.00%	0.36% (Feb 2025)	0% (Nov 2024)	5.70 k	5700
- Blue Star Ltd.	Household appliances	5	0.00%	0.00%	0.02% (Jun 2025)	0% (Nov 2024)	2.60 k	2600

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
Oberoi Realty Ltd.	Residential, commercial projects	352.2	0.00%	-0.05%	0.2% (Aug 2025)	0% (Nov 2024)	-222600
Info Edge (India) Ltd.	Internet & catalogue retail	633.4	0.00%	-0.09%	0.65% (Jan 2025)	0% (Nov 2024)	-483750
Colgate - Palmolive (India) Limited	Personal care	303.5	0.00%	-0.04%	0.31% (Nov 2024)	0% (Nov 2024)	-136575
Infosys Ltd.	Computers - software & consulting	324.1	0.00%	-0.05%	3.25% (Apr 2025)	0% (Nov 2024)	-224800

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
Reliance Industries Ltd.	1.84%	3.43%	3.59%	3.67%	2.26%	2.57%	1.77%	4.47%	4.86%	5.80%	6.95%	5.80%	5.31%
HDFC Bank Ltd.	3.07%	3.93%	4.11%	3.62%	3.82%	4.28%	2.51%	2.29%	2.59%	2.61%	1.03%	0.59%	5.08%
ICICI Bank Ltd.	2.49%	3.56%	3.33%	2.58%	1.97%	3.31%	2.92%	3.55%	5.13%	3.44%	1.13%	2.70%	1.10%
Axis Bank Ltd.	1.52%	2.37%	3.24%	2.79%	2.24%	1.58%	0.92%	1.31%	3.08%	4.04%	4.09%	2.97%	1.68%
Bharti Airtel Ltd.	0.87%	1.53%	1.62%	1.76%	2.32%	2.35%	1.53%	1.34%	1.96%	1.65%	1.63%	2.76%	2.12%
State Bank Of India	0.50%	1.05%	1.56%	1.64%	2.15%	1.71%	1.10%	1.35%	1.97%	2.12%	2.27%	1.55%	1.42%
Mahindra & Mahindra Ltd.	1.70%	2.04%	1.01%	2.36%	2.29%	1.92%	1.13%	0.95%	0.68%	0.45%	0.98%	1.02%	2.07%
Infosys Ltd.	-	0.05%	0.68%	0.63%	0.34%	2.18%	3.25%	1.78%	1.82%	0.31%	1.34%	1.82%	1.27%
Eternal Ltd.	2.04%	2.53%	2.05%	0.68%	1.79%	0.48%	-	0.12%	-	-	-	-	-
Zomato Ltd.	-	-	-	-	-	-	-	-	0.62%	1.01%	0.01%	0.01%	-
National Thermal Power Corporation Ltd.	1.19%	1.05%	0.87%	1.12%	1.59%	1.72%	1.29%	0.37%	0.22%	1.17%	1.43%	1.23%	1.07%
Kotak Mahindra Bank Ltd.	1.35%	1.60%	1.49%	1.55%	1.27%	1.32%	0.37%	0.44%	1.38%	1.13%	1.13%	0.45%	0.84%
Tata Consultancy Services Ltd.	0.76%	1.18%	1.05%	1.89%	1.16%	0.89%	0.84%	1.45%	1.74%	1.46%	0.26%	0.26%	0.79%
Grasim Industries Limited	1.14%	1.06%	0.98%	1.19%	0.72%	0.93%	1.10%	1.23%	0.83%	0.77%	0.91%	0.99%	1.19%
ITC Limited	1.72%	0.89%	0.57%	0.82%	0.80%	0.79%	1.67%	1.72%	1.32%	1.19%	0.13%	0.96%	0.45%
Vedanta Ltd.	1.37%	1.00%	0.46%	0.59%	1.01%	0.91%	0.68%	1.17%	0.85%	1.17%	1.09%	1.09%	1.19%

No of Debt Holding 2 (Category Avg - 8.76) | Modified Duration 0.36 Years (Category Avg - 0.34)| Yield to Maturity 6.04% (Category Avg - 6.02%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	0.00%	0.97%
CD	1.05%	1.57%
T-Bills	0.00%	1.83%
CP	0.00%	0.89%
NCD & Bonds	0.00%	2.20%
PTC	0.00%	0.02%

Category - Arbitrage Fund

Security Type	% Weight	Category Average
Government Backed	0.00%	0.00%
Low Risk	1.05%	4.67%
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 Oct,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	4394.25	0.61%	45.00 k
Bond - Small Industries Development Bank Of India	CD	Financial institution	PR1+	CARE	3173.11	0.44%	32.50 k