LIC MF Balanced Advantage Fund - Direct Plan - Growth

Regular

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

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

Category : Dynamic Asset Allocation or Balanced Advantage

Portfolio Turnover Ratio : 73.00%. Category average turnover ratio is 300.16%. 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 : 71.49% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 71.49%

No of Stocks : 76 (Category Avg - 75.26) | Large Cap Investments : 34.83%| Mid Cap Investments : 8.22% | Small Cap Investments : 10.69% | Other : 17.74%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	76	71.54
Top 5 Stock Weight	22.23%	21.44%
Top 10 Stock Weight	32.03%	32.64%
Top 3 Sector Weight	27.71%	24.36%

Category - Dynamic Asset Allocation or Balanced Advantage

Particulars	This Scheme	Category
Average mcap (Cr)	112892.04	94702.15
Holdings in large cap stocks	34.83%	38.05%
Holdings in mid cap stocks	8.22%	8.49%
Holdings in small cap stocks	10.69%	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
HDFC Bank Ltd.	Private sector bank	620.1	8.09%	0.56%	9.39% (Nov 2024)	7.16% (Feb 2025)	6.28 L	-8.15 k
Tata Consultancy Services Ltd.	Computers - software & consulting	294.2	3.84%	0.16%	4.44% (Nov 2024)	3.47% (Jun 2025)	96.20 k	-6.01 k
Reliance Industries Ltd.	Refineries & marketing	271.3	3.54%	-0.39%	4.76% (Apr 2025)	3.54% (Oct 2025)	1.83 L	-0.49 L
ICICI Bank Ltd.	Private sector bank	261	3.40%	0.31%	4.97% (Nov 2024)	2.81% (Feb 2025)	1.94 L	9.77 k
State Bank Of India	Public sector bank	257.6	3.36%	0.47%	3.36% (Oct 2025)	2.56% (Jul 2025)	2.75 L	8.76 k
Infosys Ltd.	Computers - software & consulting	178.8	2.33%	0.03%	4.92% (Nov 2024)	2.05% (May 2025)	1.21 L	-7.54 k
Larsen & Toubro Ltd.	Civil construction	172.5	2.25%	-0.01%	2.26% (Sep 2025)	0.52% (Nov 2024)	42.78 k	-6.95 k
Shakti Pumps (India) Ltd.	Compressors, pumps & diesel engines	147.5	1.92%	-0.02%	2.2% (Dec 2024)	1.41% (May 2025)	1.80 L	-0.11 L
Kotak Mahindra Bank Ltd.	Private sector bank	131.1	1.71%	-0.94%	3.1% (Apr 2025)	1.71% (Oct 2025)	62.38 k	-0.44 L
Axis Bank Ltd.	Private sector bank	121.8	1.59%	-0.42%	2.22% (Apr 2025)	1.59% (Oct 2025)	98.78 k	-0.44 L

- 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	15.19	620.1	8.09%	0.56%	9.39% (Nov 2024)	7.16% (Feb 2025)	6.28 L	-8.15 k	Other	17.74
Tata Consultancy Services Ltd.	Computers - software & consulting	8.98	294.2	3.84%	0.16%	4.44% (Nov 2024)	3.47% (Jun 2025)	96.20 k	-6.01 k	Large Cap	34.83
Reliance Industries Ltd.	Refineries & marketing	3.54	271.3	3.54%	-0.39%	4.76% (Apr 2025)	3.54% (Oct 2025)	1.83 L	-0.49 L	Large Cap	34.83
ICICI Bank Ltd.	Private sector bank	15.19	261	3.40%	0.31%	4.97% (Nov 2024)	2.81% (Feb 2025)	1.94 L	9.77 k	Large Cap	34.83
State Bank Of India	Public sector bank	3.36	257.6	3.36%	0.47%	3.36% (Oct 2025)	2.56% (Jul 2025)	2.75 L	8.76 k	Large Cap	34.83
Infosys Ltd.	Computers - software & consulting	8.98	178.8	2.33%	0.03%	4.92% (Nov 2024)	2.05% (May 2025)	1.21 L	-7.54 k	Large Cap	34.83
Larsen & Toubro Ltd.	Civil construction	3.17	172.5	2.25%	-0.01%	2.26% (Sep 2025)	0.52% (Nov 2024)	42.78 k	-6.95 k	Large Cap	34.83
Shakti Pumps (India) Ltd.	Compressors, pumps & diesel engines	2.59	147.5	1.92%	-0.02%	2.2% (Dec 2024)	1.41% (May 2025)	1.80 L	-0.11 L	Small Cap	10.69
Kotak Mahindra Bank Ltd.	Private sector bank	15.19	131.1	1.71%	-0.94%	3.1% (Apr 2025)	1.71% (Oct 2025)	62.38 k	-0.44 L	Large Cap	34.83
Axis Bank Ltd.	Private sector bank	15.19	121.8	1.59%	-0.42%	2.22% (Apr 2025)	1.59% (Oct 2025)	98.78 k	-0.44 L	Large Cap	34.83
HCL Technologies Limited	Computers - software & consulting	8.98	108.5	1.41%	0.13%	1.41% (Oct 2025)	0% (Nov 2024)	70.35 k	-4.40 k	Large Cap	34.83
Garware Hi-Tech Films Ltd.	Plastic products - industrial	1.39	106.5	1.39%	0.18%	1.99% (Dec 2024)	1.11% (Aug 2025)	31.23 k	-1.95 k	Small Cap	10.69
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	3.46	105.8	1.38%	0.06%	1.38% (Oct 2025)	0.26% (Nov 2024)	62.56 k	-3.91 k	Large Cap	34.83
Power Finance Corporation Ltd.	Financial institution	1.72	103.8	1.35%	-0.04%	1.39% (Sep 2025)	0.57% (Dec 2024)	2.57 L	-0.16 L	Mid Cap	8.22
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	1.63	91.6	1.19%	-0.43%	1.63% (Aug 2025)	0.64% (Nov 2024)	44.59 k	-0.25 L	Large Cap	34.83
Tata Power Co. Ltd.	Integrated power utilities	1.18	90.9	1.18%	0.10%	1.18% (Oct 2025)	0.92% (Dec 2024)	2.24 L	0.00	Mid Cap	8.22
National Thermal Power Corporation Ltd.	Power generation	1.18	90.8	1.18%	0.35%	1.41% (Nov 2024)	0.44% (Jun 2025)	2.69 L	72.33 k	Large Cap	34.83
# Orkla India Ltd.	Other food products	2.15	89.1	1.16%	1.16%	1.16% (Oct 2025)	0% (Nov 2024)	1.22 L	1.22 L	Other	17.74
Ultratech Cement Ltd.	Cement & cement products	2.52	83.7	1.09%	-0.04%	1.17% (Aug 2025)	0% (Nov 2024)	7.00 k	-0.44 k	Large Cap	34.83
Tata Consumer Products Ltd.	Tea & coffee	1.06	81.4	1.06%	-0.07%	1.23% (Apr 2025)	0.86% (Dec 2024)	69.89 k	-0.11 L	Mid Cap	8.22
Manorama Industries Ltd.	Other food products	2.15	75.7	0.99%	-0.02%	1% (Sep 2025)	0% (Nov 2024)	54.41 k	-3.40 k	Other	17.74
- Mas Financial Services Ltd.	Non banking financial company (nbfc)	2.88	71.9	0.94%	0.00%	0.96% (Aug 2025)	0% (Nov 2024)	2.35 L	-0.15 L	Small Cap	10.69
Hindalco Industries Ltd.	Aluminium	0.91	70	0.91%	0.13%	1.1% (Feb 2025)	0.64% (May 2025)	82.60 k	0.00	Large Cap	34.83
S H Kelkar & Company Ltd.	Personal care	0.88	67.1	0.88%	-0.05%	1% (Aug 2025)	0.23% (Feb 2025)	3.04 L	-0.19 L	Small Cap	10.69
Ipca Laboratories Ltd.	Pharmaceuticals	3.46	66.1	0.86%	-0.06%	0.99% (Mar 2025)	0.54% (Nov 2024)	51.97 k	-3.25 k	Other	17.74
ICICI Lombard General Insurance Co Ltd.	General insurance	1.34	64.8	0.84%	0.08%	0.84% (Oct 2025)	0.13% (Nov 2024)	32.50 k	0.00	Large Cap	34.83
Bharti Hexacom Ltd.	Telecom - equipment & accessories	0.79	60.7	0.79%	0.08%	0.79% (Oct 2025)	0% (Nov 2024)	32.64 k	-2.04 k	Other	17.74
SBI Cards and Payment Services Ltd.	Non banking financial company (nbfc)	2.88	60	0.78%	-0.01%	0.82% (Jun 2025)	0.26% (Dec 2024)	68.32 k	-4.27 k	Other	17.74
Tata Steel Ltd.	Iron & steel products	0.78	59.8	0.78%	0.05%	0.78% (Oct 2025)	0% (Nov 2024)	3.27 L	-0.20 L	Other	17.74
ITC Limited	Diversified fmcg	0.73	55.7	0.73%	-0.35%	3.1% (Dec 2024)	0.47% (Feb 2025)	1.33 L	-0.82 L	Large Cap	34.83
L&T Technology Services Ltd.	It enabled services	0.71	54.8	0.71%	-0.01%	0.74% (May 2025)	0% (Nov 2024)	13.31 k	-0.83 k	Mid Cap	8.22
Lodha Developers Ltd.	Residential, commercial projects	1.22	53.8	0.70%	0.13%	0.7% (Oct 2025)	0% (Nov 2024)	44.93 k	4.27 k	Other	17.74
- InterGlobe Aviation Ltd.	Airline	0.68	51.8	0.68%	-0.01%	0.68% (Sep 2025)	0% (Nov 2024)	9.21 k	-0.58 k	Large Cap	34.83
Swaraj Engines Ltd.	Compressors, pumps & diesel engines	2.59	51.2	0.67%	-0.03%	0.7% (Sep 2025)	0% (Nov 2024)	12.79 k	-0.80 k	Small Cap	10.69
Mphasis Ltd.	Computers - software & consulting	8.98	47.6	0.62%	0.01%	1.17% (Jul 2025)	0.61% (Sep 2025)	17.22 k	-1.35 k	Mid Cap	8.22
CreditAccess Grameen Ltd.	Microfinance institutions	0.61	47.1	0.61%	0.02%	0.61% (Oct 2025)	0.18% (Dec 2024)	33.05 k	-2.07 k	Small Cap	10.69
Grasim Industries Limited	Cement & cement products	2.52	45.8	0.60%	0.01%	1.53% (Feb 2025)	0% (Jun 2025)	15.85 k	-1.21 k	Large Cap	34.83
Bajaj Auto Ltd.	2/3 wheelers	0.74	44.5	0.58%	-0.09%	0.86% (Aug 2025)	0% (Nov 2024)	5.01 k	-1.22 k	Large Cap	34.83
Bharat Bijlee Ltd.	Other electrical equipment	0.57	43.8	0.57%	-0.03%	0.6% (Sep 2025)	0.16% (Nov 2024)	14.47 k	-0.90 k	Other	17.74
Shriram Finance Ltd.	Non banking financial company (nbfc)	2.88	42.5	0.55%	0.00%	0.56% (Sep 2025)	0% (Nov 2024)	56.74 k	-0.16 L	Other	17.74
SRF Ltd.	Specialty chemicals	0.98	41.6	0.54%	0.04%	1.28% (Jan 2025)	0.49% (May 2025)	14.20 k	0.00	Mid Cap	8.22
Techno Electric & Engineering Co. Ltd.	Civil construction	3.17	41.1	0.54%	-0.01%	0.88% (May 2025)	0.32% (Nov 2024)	31.12 k	-1.94 k	Small Cap	10.69
- Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	0.53	40.7	0.53%	0.00%	3.93% (Jan 2025)	0.44% (Mar 2025)	11.67 k	-0.73 k	Large Cap	34.83
Godrej Properties Ltd.	Residential, commercial projects	1.22	39.7	0.52%	-0.10%	0.62% (Sep 2025)	0% (Nov 2024)	17.33 k	-7.79 k	Mid Cap	8.22
- General Insurance Corporation of India	General insurance	1.34	38.5	0.50%	0.00%	0.5% (Oct 2025)	0% (Nov 2024)	1.03 L	-6.43 k	Large Cap	34.83
- Tech Mahindra Ltd.	Computers - software & consulting	8.98	38.4	0.50%	0.00%	0.89% (Nov 2024)	0.19% (Feb 2025)	26.93 k	-1.68 k	Large Cap	34.83
R K Swamy Ltd.	Advertising & media agencies	0.5	38	0.50%	-0.06%	1.03% (Dec 2024)	0.5% (Oct 2025)	2.88 L	-0.18 L	Other	17.74
Mahanagar Gas Ltd.	Lpg/cng/png/lng supplier	0.49	37.9	0.49%	-0.01%	0.51% (Sep 2025)	0% (Nov 2024)	29.70 k	-1.86 k	Small Cap	10.69
Birla Corporation Ltd.	Cement & cement products	2.52	37	0.48%	0.08%	0.48% (Oct 2025)	0% (Nov 2024)	31.39 k	4.89 k	Small Cap	10.69
Tata Communications Ltd.	Telecom - cellular & fixed line services	1.63	33.7	0.44%	-0.43%	0.91% (Jul 2025)	0.44% (Oct 2025)	17.99 k	-0.25 L	Mid Cap	8.22
- Galaxy Surfactants Ltd.	Specialty chemicals	0.98	33.6	0.44%	0.00%	0.44% (Sep 2025)	0% (Nov 2024)	15.05 k	-0.94 k	Small Cap	10.69
Ajanta Pharma Limited	Pharmaceuticals	3.46	32.8	0.43%	0.00%	0.51% (Jul 2025)	0% (Nov 2024)	13.29 k	-0.83 k	Small Cap	10.69
TVS Holdings Ltd.	Auto components & equipments	0.4	31.1	0.40%	0.06%	0.5% (Aug 2025)	0% (Nov 2024)	2.05 k	-0.14 k	Small Cap	10.69
South Indian Bank Ltd.	Private sector bank	15.19	30.7	0.40%	-0.28%	0.68% (Jun 2025)	0% (Nov 2024)	8.38 L	-0.10 Cr	Small Cap	10.69
Ador Welding Ltd.	Electrodes & refractories	0.39	29.8	0.39%	0.03%	0.39% (Oct 2025)	0.28% (Mar 2025)	27.79 k	-1.74 k	Small Cap	10.69
ISGEC Heavy Engineering Ltd.	Civil construction	3.17	29.2	0.38%	0.00%	0.52% (Apr 2025)	0.3% (Jan 2025)	33.25 k	-2.08 k	Other	17.74
# Lupin Ltd.	Pharmaceuticals	3.46	28.8	0.38%	0.38%	0.68% (Nov 2024)	0% (Nov 2024)	14.65 k	14.65 k	Large Cap	34.83
- Rural Electrification Corporation Limited	Financial institution	1.72	28.5	0.37%	0.00%	0.47% (Jan 2025)	0.35% (Aug 2025)	75.90 k	-4.74 k	Mid Cap	8.22
# J.K. Cement Ltd.	Cement & cement products	2.52	26.7	0.35%	0.35%	0.35% (Oct 2025)	0% (Nov 2024)	4.29 k	4.29 k	Small Cap	10.69
- Surya Roshni Ltd.	Steel products	0.34	26.2	0.34%	0.00%	0.39% (Jun 2025)	0.28% (Feb 2025)	88.83 k	-5.55 k	Other	17.74
JK Paper Ltd.	Paper & paper products	0.33	25	0.33%	-0.16%	0.49% (Sep 2025)	0% (Nov 2024)	63.02 k	-0.38 L	Small Cap	10.69
HDB Financial Services Ltd.	Non banking financial company (nbfc)	2.88	23.8	0.31%	-0.05%	0.67% (Jul 2025)	0% (Nov 2024)	32.55 k	-5.98 k	Other	17.74
Titan Company Ltd.	Gems, jewellery and watches	0.31	23.6	0.31%	0.04%	0.31% (Oct 2025)	0% (Nov 2024)	6.30 k	0.00	Large Cap	34.83
Torrent Pharmaceuticals Ltd.	Pharmaceuticals	3.46	23.1	0.30%	0.01%	0.87% (May 2025)	0% (Nov 2024)	6.50 k	0.00	Mid Cap	8.22
Muthoot Finance Pvt. Ltd.	Non banking financial company (nbfc)	2.88	23	0.30%	0.01%	1.08% (May 2025)	0% (Nov 2024)	7.23 k	-0.45 k	Mid Cap	8.22
Concord Enviro Systems Ltd.	Waste management	0.29	22.3	0.29%	-0.02%	0.38% (Dec 2024)	0% (Nov 2024)	45.97 k	-2.87 k	Other	17.74
KPIT Technologies Ltd.	Computers - software & consulting	8.98	21.2	0.28%	0.01%	0.29% (Aug 2025)	0% (Nov 2024)	18.17 k	-1.14 k	Other	17.74
Syngene International Ltd.	Healthcare research, analytics & technology	0.27	20.7	0.27%	-0.01%	0.28% (Aug 2025)	0% (Nov 2024)	31.87 k	-4.10 k	Mid Cap	8.22
Crompton Greaves Consumer Electricals Ltd.	Household appliances	0.26	19.8	0.26%	0.09%	0.26% (Oct 2025)	0% (Nov 2024)	69.94 k	24.20 k	Mid Cap	8.22
Quadrant Future Tek Ltd.	Cables - electricals	0.21	16.2	0.21%	-0.14%	0.6% (Jan 2025)	0% (Nov 2024)	51.01 k	-0.20 L	Other	17.74
- Oil India Ltd.	Oil exploration & production	0.19	14.8	0.19%	0.01%	0.42% (Apr 2025)	0% (Nov 2024)	34.03 k	-2.13 k	Mid Cap	8.22
Eicher Motors Ltd.	2/3 wheelers	0.74	12	0.16%	-0.35%	0.66% (Jan 2025)	0% (Nov 2024)	1.71 k	-4.13 k	Other	17.74
# Abbott India Ltd.	Pharmaceuticals	3.46	8.6	0.11%	0.11%	0.95% (Feb 2025)	0% (Nov 2024)	295.00	295.00	Mid Cap	8.22
# Godfrey Phillips India Ltd.	Cigarettes & tobacco products	0.03	2.3	0.03%	0.03%	0.57% (Feb 2025)	0% (Nov 2024)	748.00	748.00	Small Cap	10.69
- Kirloskar Oil Engines Ltd.	Compressors, pumps & diesel engines	2.59	0	0.00%	0.00%	0% (Dec 2024)	0% (Nov 2024)	20.00	-1.00	Small Cap	10.69
Bharat Forge Ltd.	Castings & forgings	0	0	0.00%	-0.82%	0.87% (Jan 2025)	0% (Oct 2025)	7.00	-0.55 L	Mid Cap	8.22
Gland Pharma Ltd.	Pharmaceuticals	3.46	49.6	0.00%	-0.62%	-	-	-	-	Other	17.74
Bharat Heavy Electricals Ltd.	Heavy electrical equipment		87.6	0.00%	-1.09%	-	-	-	-	Mid Cap	8.22
Cipla Ltd.	Pharmaceuticals	3.46	62	0.00%	-0.77%	-	-	-	-	Large Cap	34.83
Bayer Cropscience Ltd.	Pesticides & agrochemicals		24.4	0.00%	-0.30%	-	-	-	-	Mid Cap	8.22
Oracle Financial Services Software Limited	Software products		56	0.00%	-0.70%	-	-	-	-	Mid Cap	8.22
Cummins India Ltd.	Compressors, pumps & diesel engines	2.59	40.8	0.00%	-0.51%	-	-	-	-	Mid Cap	8.22

- 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
# Orkla India Ltd.	Other food products	89.1	1.16%	1.16%	1.16% (Oct 2025)	0% (Nov 2024)	1.22 L	122000
# Lupin Ltd.	Pharmaceuticals	28.8	0.38%	0.38%	0.68% (Nov 2024)	0% (Nov 2024)	14.65 k	14648
# Abbott India Ltd.	Pharmaceuticals	8.6	0.11%	0.11%	0.95% (Feb 2025)	0% (Nov 2024)	295.00	295
# Godfrey Phillips India Ltd.	Cigarettes & tobacco products	2.3	0.03%	0.03%	0.57% (Feb 2025)	0% (Nov 2024)	748.00	748
# J.K. Cement Ltd.	Cement & cement products	26.7	0.35%	0.35%	0.35% (Oct 2025)	0% (Nov 2024)	4.29 k	4289

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
Gland Pharma Ltd.	Pharmaceuticals	49.6	0.00%	-0.62%	0.62% (Sep 2025)	0% (Nov 2024)	-24917
Bharat Heavy Electricals Ltd.	Heavy electrical equipment	87.6	0.00%	-1.09%	1.49% (May 2025)	0% (Nov 2024)	-367500
Cipla Ltd.	Pharmaceuticals	62	0.00%	-0.77%	0.82% (Jul 2025)	0% (Nov 2024)	-41250
Bayer Cropscience Ltd.	Pesticides & agrochemicals	24.4	0.00%	-0.30%	0.68% (Jul 2025)	0% (Nov 2024)	-5077
Oracle Financial Services Software Limited	Software products	56	0.00%	-0.70%	1.04% (Apr 2025)	0% (Nov 2024)	-6662
Cummins India Ltd.	Compressors, pumps & diesel engines	40.8	0.00%	-0.51%	0.91% (Jul 2025)	0% (Nov 2024)	-10400

Trend in stock holdings (Top 15 Holding)

Stock	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024	Oct 2024
HDFC Bank Ltd.	8.09%	7.53%	7.37%	7.61%	7.39%	7.31%	7.52%	7.18%	7.16%	8.51%	8.62%	9.39%	10.01%
Reliance Industries Ltd.	3.54%	3.93%	4.09%	4.08%	4.31%	4.15%	4.76%	4.35%	4.11%	4.05%	3.93%	4.16%	4.32%
Tata Consultancy Services Ltd.	3.84%	3.67%	3.91%	3.75%	3.47%	3.53%	3.85%	4.04%	4.10%	4.33%	4.18%	4.44%	4.16%
ICICI Bank Ltd.	3.40%	3.09%	2.91%	3.01%	2.87%	2.92%	3.15%	2.99%	2.81%	2.96%	2.94%	4.97%	4.98%
State Bank Of India	3.36%	2.89%	2.65%	2.56%	2.58%	2.70%	3.07%	3.02%	2.84%	2.87%	2.66%	2.79%	2.75%
Infosys Ltd.	2.33%	2.30%	2.34%	2.34%	2.07%	2.05%	2.15%	2.26%	2.56%	3.05%	2.97%	4.92%	5.03%
Kotak Mahindra Bank Ltd.	1.71%	2.65%	2.60%	2.55%	2.73%	2.67%	3.10%	3.06%	2.92%	2.73%	2.76%	2.71%	2.68%
Axis Bank Ltd.	1.59%	2.01%	1.85%	1.84%	2.02%	2.05%	2.22%	1.90%	1.74%	1.93%	1.92%	2.04%	2.10%
Shakti Pumps (India) Ltd.	1.92%	1.94%	1.92%	2.06%	1.53%	1.41%	1.51%	1.77%	1.77%	1.92%	2.20%	1.90%	1.84%
Mahindra & Mahindra Ltd.	0.53%	0.53%	0.49%	0.48%	0.47%	0.44%	0.48%	0.44%	3.82%	3.93%	3.56%	3.49%	3.23%
Garware Hi-Tech Films Ltd.	1.39%	1.21%	1.11%	1.39%	1.65%	1.88%	1.39%	1.73%	1.74%	1.57%	1.99%	1.95%	1.67%
Larsen & Toubro Ltd.	2.25%	2.26%	2.22%	2.08%	1.58%	1.71%	1.86%	1.75%	1.57%	1.22%	0.71%	0.52%	0.40%
ITC Limited	0.73%	1.07%	0.70%	0.68%	0.68%	0.69%	0.77%	0.74%	0.47%	0.50%	3.10%	3.03%	3.13%
Orkla India Ltd.	1.16%	-	-	-	-	-	-	-	-	-	-	-	-
Tata Power Co. Ltd.	1.18%	1.08%	1.04%	1.08%	1.08%	1.06%	1.13%	1.11%	1.06%	0.96%	0.92%	0.96%	1.03%

No of Debt Holding 7 (Category Avg - 29.49) | Modified Duration 5.78 Years (Category Avg - 3.07)| Yield to Maturity 6.70% (Category Avg - 6.64%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	14.00%	8.49%
CD	0.00%	0.28%
T-Bills	0.00%	0.96%
CP	0.00%	0.41%
NCD & Bonds	6.56%	10.62%
PTC	0.00%	0.29%

Category - Dynamic Asset Allocation or Balanced Advantage

Security Type	% Weight	Category Average
Government Backed	14.00%	9.46%
Low Risk	6.56%	10.68%
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 - 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 - Jamnagar Utilities & Power Pvt. Ltd.	NCD & Bonds	Power generation	AAA	CRISIL	503.03	6.56%	5.00 k
Bond - Govt of India	GOI	Other			366.00	4.77%	35.00 L
Bond - Govt of India	GOI	Other			238.12	3.10%	25.00 L
Bond - Govt of India	GOI	Other			210.63	2.75%	20.00 L
Bond - Govt of India	GOI	Other			109.05	1.42%	10.00 L
Bond - Govt of India	GOI	Other			99.80	1.30%	10.00 L
Bond - Govt of India	GOI	Other			50.91	0.66%	5.00 L