Mirae Asset Balanced Advantage Fund - Regular Plan - Growth

Regular

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

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

Category : Dynamic Asset Allocation or Balanced Advantage

Portfolio Turnover Ratio : 258.00%. 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 : 66.64% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 66.64%

No of Stocks : 110 (Category Avg - 75.26) | Large Cap Investments : 39.76%| Mid Cap Investments : 6.75% | Small Cap Investments : 4.12% | Other : 16.05%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	110	71.54
Top 5 Stock Weight	16.43%	21.44%
Top 10 Stock Weight	24.98%	32.64%
Top 3 Sector Weight	21.08%	24.36%

Category - Dynamic Asset Allocation or Balanced Advantage

Particulars	This Scheme	Category
Average mcap (Cr)	89141.15	94702.15
Holdings in large cap stocks	39.76%	38.05%
Holdings in mid cap stocks	6.75%	8.49%
Holdings in small cap stocks	4.12%	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	1122.9	5.67%	0.17%	5.95% (Jul 2025)	4.43% (Dec 2024)	11.37 L	20.00 k
State Bank Of India	Public sector bank	645.3	3.26%	0.09%	3.26% (Oct 2025)	2.15% (Feb 2025)	6.89 L	-0.13 L
ICICI Bank Ltd.	Private sector bank	557.9	2.82%	0.33%	3.01% (Apr 2025)	2.49% (Sep 2025)	4.15 L	57.50 k
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	483.6	2.44%	0.06%	2.73% (Apr 2025)	2.38% (Sep 2025)	2.35 L	-0.10 L
Reliance Industries Ltd.	Refineries & marketing	443.8	2.24%	0.13%	2.39% (Jun 2025)	1.97% (Dec 2024)	2.99 L	0.00
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	397.6	2.01%	-0.01%	2.02% (Sep 2025)	1.08% (Nov 2024)	1.14 L	0.00
Larsen & Toubro Ltd.	Civil construction	366.1	1.85%	0.13%	1.87% (Nov 2024)	1.53% (Mar 2025)	90.82 k	0.00
- Infosys Ltd.	Computers - software & consulting	345	1.74%	0.01%	2.36% (Jan 2025)	1.74% (Sep 2025)	2.33 L	0.00
Axis Bank Ltd.	Private sector bank	316.1	1.60%	0.10%	1.81% (Feb 2025)	1.42% (Aug 2025)	2.56 L	0.00
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	267.9	1.35%	0.39%	1.35% (Oct 2025)	0.27% (May 2025)	16.55 k	4.95 k

- 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	11.62	1122.9	5.67%	0.17%	5.95% (Jul 2025)	4.43% (Dec 2024)	11.37 L	20.00 k	Other	16.05
State Bank Of India	Public sector bank	3.36	645.3	3.26%	0.09%	3.26% (Oct 2025)	2.15% (Feb 2025)	6.89 L	-0.13 L	Large Cap	39.76
ICICI Bank Ltd.	Private sector bank	11.62	557.9	2.82%	0.33%	3.01% (Apr 2025)	2.49% (Sep 2025)	4.15 L	57.50 k	Large Cap	39.76
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	2.44	483.6	2.44%	0.06%	2.73% (Apr 2025)	2.38% (Sep 2025)	2.35 L	-0.10 L	Large Cap	39.76
Reliance Industries Ltd.	Refineries & marketing	2.77	443.8	2.24%	0.13%	2.39% (Jun 2025)	1.97% (Dec 2024)	2.99 L	0.00	Large Cap	39.76
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	3.43	397.6	2.01%	-0.01%	2.02% (Sep 2025)	1.08% (Nov 2024)	1.14 L	0.00	Large Cap	39.76
Larsen & Toubro Ltd.	Civil construction	1.85	366.1	1.85%	0.13%	1.87% (Nov 2024)	1.53% (Mar 2025)	90.82 k	0.00	Large Cap	39.76
- Infosys Ltd.	Computers - software & consulting	4.85	345	1.74%	0.01%	2.36% (Jan 2025)	1.74% (Sep 2025)	2.33 L	0.00	Large Cap	39.76
Axis Bank Ltd.	Private sector bank	11.62	316.1	1.60%	0.10%	1.81% (Feb 2025)	1.42% (Aug 2025)	2.56 L	0.00	Large Cap	39.76
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	3.43	267.9	1.35%	0.39%	1.35% (Oct 2025)	0.27% (May 2025)	16.55 k	4.95 k	Large Cap	39.76
ITC Limited	Diversified fmcg	1.85	262.2	1.32%	0.13%	1.32% (Oct 2025)	0.7% (Feb 2025)	6.24 L	50.00 k	Large Cap	39.76
Tata Consultancy Services Ltd.	Computers - software & consulting	4.85	261.1	1.32%	0.04%	1.71% (Jan 2025)	1.28% (Sep 2025)	85.37 k	0.00	Large Cap	39.76
Ambuja Cements Ltd.	Cement & cement products	2.13	235.7	1.19%	-0.04%	1.32% (Mar 2025)	1.19% (Feb 2025)	4.17 L	0.00	Large Cap	39.76
National Thermal Power Corporation Ltd.	Power generation	1.36	218.8	1.10%	-0.04%	1.68% (Feb 2025)	1.1% (Oct 2025)	6.49 L	0.00	Large Cap	39.76
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	4.61	213.3	1.08%	0.04%	1.08% (Oct 2025)	0.68% (Feb 2025)	1.26 L	0.00	Large Cap	39.76
Kotak Mahindra Bank Ltd.	Private sector bank	11.62	192.8	0.97%	-0.28%	1.34% (Jan 2025)	0.88% (May 2025)	91.72 k	-0.30 L	Large Cap	39.76
TD Power Systems Ltd.	Heavy electrical equipment	1.18	192.3	0.97%	0.01%	1.2% (Dec 2024)	0.83% (Jun 2025)	2.48 L	-0.67 L	Other	16.05
Tata Steel Ltd.	Iron & steel products	2.48	184.3	0.93%	0.05%	0.93% (Oct 2025)	0.51% (Apr 2025)	10.08 L	0.00	Other	16.05
Hindalco Industries Ltd.	Aluminium	0.91	180.1	0.91%	-0.03%	1.14% (Feb 2025)	0.83% (May 2025)	2.12 L	-0.25 L	Large Cap	39.76
Shriram Finance Ltd.	Non banking financial company (nbfc)	1.51	172.6	0.87%	0.07%	1.3% (Nov 2024)	0.77% (Aug 2025)	2.31 L	-0.20 L	Other	16.05
SBI Life Insurance Co Ltd.	Life insurance	1.09	166.9	0.84%	-0.04%	1.01% (May 2025)	0.76% (Dec 2024)	85.34 k	-0.10 L	Large Cap	39.76
Glenmark Pharmaceuticals Ltd.	Pharmaceuticals	4.61	154.3	0.78%	-0.04%	0.92% (Jul 2025)	0.6% (Nov 2024)	81.60 k	0.00	Mid Cap	6.75
- TVS Motor Company Ltd.	2/3 wheelers	0.87	149.7	0.76%	0.00%	0.92% (Jun 2025)	0.59% (Dec 2024)	42.66 k	0.00	Mid Cap	6.75
Oil & Natural Gas Corporation Ltd.	Oil exploration & production	0.72	141.7	0.72%	0.03%	0.75% (Jan 2025)	0.67% (Feb 2025)	5.55 L	0.00	Large Cap	39.76
Vedanta Ltd.	Diversified metals	0.66	130.8	0.66%	0.02%	0.75% (Mar 2025)	0.5% (Aug 2025)	2.65 L	0.00	Large Cap	39.76
Power Finance Corporation Ltd.	Financial institution	0.66	129.8	0.66%	-0.03%	0.9% (Nov 2024)	0.65% (Aug 2025)	3.22 L	0.00	Mid Cap	6.75
Eternal Ltd.	E-retail/ e-commerce	0.96	129.5	0.65%	-0.03%	0.95% (Nov 2024)	0.56% (Mar 2025)	4.08 L	0.00	Other	16.05
Aurobindo Pharma Ltd.	Pharmaceuticals	4.61	127.9	0.65%	0.02%	1.07% (Dec 2024)	0.63% (Sep 2025)	1.12 L	0.00	Large Cap	39.76
Divis Laboratories Ltd.	Pharmaceuticals	4.61	125.7	0.63%	0.09%	0.63% (Oct 2025)	0% (Nov 2024)	18.65 k	0.00	Large Cap	39.76
Craftsman Automation Ltd.	Auto components & equipments	1.2	125	0.63%	-0.03%	0.69% (Aug 2025)	0.45% (Jan 2025)	18.71 k	0.00	Other	16.05
Adani Ports And Special Economic Zone Ltd.	Port & port services	0.61	120.6	0.61%	0.01%	0.74% (May 2025)	0.09% (Nov 2024)	83.09 k	0.00	Large Cap	39.76
Coal India Ltd.	Coal	0.58	115.1	0.58%	-0.76%	1.61% (Mar 2025)	0.58% (Oct 2025)	2.96 L	-3.71 L	Large Cap	39.76
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	0.96	114	0.58%	-0.16%	0.96% (Jun 2025)	0.58% (Oct 2025)	12.34 k	-6.00 k	Small Cap	4.12
# LG Electronics India Pvt. Ltd.	Consumer electronics	0.57	113.5	0.57%	0.57%	0.57% (Oct 2025)	0% (Nov 2024)	68.24 k	68.24 k	Other	16.05
Indusind Bank Ltd.	Private sector bank	11.62	111	0.56%	0.03%	0.59% (Jul 2025)	0.16% (Jan 2025)	1.40 L	0.00	Large Cap	39.76
Jindal Steel Ltd.	Iron & steel products	2.48	109.4	0.55%	-0.01%	0.64% (Dec 2024)	0.51% (Apr 2025)	1.03 L	0.00	Mid Cap	6.75
Bharat Electronics Ltd.	Aerospace & defense	0.55	109.2	0.55%	0.02%	0.79% (Nov 2024)	0.5% (Aug 2025)	2.56 L	0.00	Mid Cap	6.75
J S W Steel Ltd.	Iron & steel products	2.48	107.5	0.54%	0.02%	0.54% (Oct 2025)	0.45% (Dec 2024)	89.10 k	0.00	Large Cap	39.76
Bharat Petroleum Corporation Ltd.	Refineries & marketing	2.77	105.7	0.53%	0.01%	0.85% (Nov 2024)	0.49% (Aug 2025)	2.96 L	0.00	Large Cap	39.76
Hindustan Unilever Ltd.	Diversified fmcg	1.85	105.5	0.53%	-0.02%	0.88% (Apr 2025)	0.53% (Oct 2025)	42.79 k	0.00	Large Cap	39.76
Century Plyboards India Ltd.	Plywood boards/ laminates	0.71	103.1	0.52%	-0.05%	0.57% (Sep 2025)	0.32% (Nov 2024)	1.37 L	0.00	Small Cap	4.12
Varun Beverages Ltd.	Other beverages	0.52	103	0.52%	0.02%	0.52% (Oct 2025)	0.32% (Nov 2024)	2.19 L	0.00	Other	16.05
Avenue Supermarts Ltd.	Diversified retail	0.86	102.6	0.52%	0.18%	0.52% (Oct 2025)	0% (Nov 2024)	24.70 k	10.00 k	Large Cap	39.76
Titan Company Ltd.	Gems, jewellery and watches	0.52	102.4	0.52%	0.09%	0.52% (Oct 2025)	0.42% (Mar 2025)	27.33 k	3.00 k	Large Cap	39.76
InterGlobe Aviation Ltd.	Airline	0.51	102	0.51%	0.16%	0.93% (Jun 2025)	0.35% (Sep 2025)	18.13 k	6.00 k	Large Cap	39.76
LTIMindtree Ltd.	Computers - software & consulting	4.85	101	0.51%	0.04%	0.6% (Jan 2025)	0.45% (Apr 2025)	17.77 k	0.00	Mid Cap	6.75
Indus Towers Ltd.	Telecom - infrastructure	0.51	100.5	0.51%	-0.18%	0.69% (Sep 2025)	0.23% (Feb 2025)	2.76 L	-1.10 L	Large Cap	39.76
Bajaj Finance Ltd.	Non banking financial company (nbfc)	1.51	97.3	0.49%	0.01%	1.43% (Feb 2025)	0.43% (Jul 2025)	93.33 k	0.00	Other	16.05
Onesource Specialty Pharma Ltd.	Pharmaceuticals	4.61	97	0.49%	-0.01%	0.61% (Jun 2025)	0% (Nov 2024)	52.33 k	0.00	Other	16.05
Zensar Technologies Ltd.	Computers - software & consulting	4.85	95.5	0.48%	0.01%	0.7% (Jan 2025)	0.47% (Sep 2025)	1.20 L	0.00	Small Cap	4.12
- Steel Authority Of India Ltd.	Iron & steel products	2.48	90.7	0.46%	0.00%	0.47% (Nov 2024)	0.41% (Apr 2025)	6.63 L	0.00	Mid Cap	6.75
Schaeffler India Ltd.	Auto components & equipments	1.2	86.7	0.44%	-0.03%	0.49% (May 2025)	0% (Nov 2024)	21.57 k	0.00	Other	16.05
Brigade Enterprises Ltd.	Residential, commercial projects	0.72	82.7	0.42%	0.05%	0.72% (Nov 2024)	0.37% (Sep 2025)	79.70 k	0.00	Small Cap	4.12
J.K. Cement Ltd.	Cement & cement products	2.13	79.5	0.40%	-0.02%	0.47% (Aug 2025)	0.31% (Nov 2024)	12.80 k	0.00	Small Cap	4.12
- Pi Industries Ltd.	Pesticides & agrochemicals	0.39	77	0.39%	0.00%	0.49% (Nov 2024)	0.38% (Feb 2025)	21.53 k	0.00	Mid Cap	6.75
Godrej Consumer Products Ltd	Personal care	0.54	76.5	0.39%	-0.03%	0.63% (Apr 2025)	0.39% (Oct 2025)	68.39 k	0.00	Large Cap	39.76
# BSE Ltd.	Exchange and data platform	0.96	74.4	0.38%	0.38%	0.38% (Oct 2025)	0% (Nov 2024)	30.00 k	30.00 k	Small Cap	4.12
International Gemmological Institute India Pvt Ltd.	Diversified commercial services	0.35	68.4	0.35%	-0.02%	0.63% (Dec 2024)	0% (Nov 2024)	2.02 L	0.00	Other	16.05
Sagility India Ltd.	It enabled services	0.34	68	0.34%	-0.03%	0.42% (Jul 2025)	0% (Nov 2024)	12.94 L	-4.00 L	Other	16.05
Vishal Mega Mart Ltd.	Diversified retail	0.86	66.7	0.34%	-0.07%	0.42% (Aug 2025)	0% (Nov 2024)	4.61 L	-0.68 L	Other	16.05
- Trent Limited	Speciality retail	0.33	64.8	0.33%	-0.01%	0.39% (Aug 2025)	0% (Nov 2024)	13.80 k	0.00	Mid Cap	6.75
HCL Technologies Limited	Computers - software & consulting	4.85	63.1	0.32%	0.03%	0.44% (Dec 2024)	0.29% (Sep 2025)	40.95 k	0.00	Large Cap	39.76
GO Digit General Insurance Ltd.	General insurance	0.49	62.6	0.32%	0.00%	0.34% (Jul 2025)	0.28% (Apr 2025)	1.74 L	0.00	Other	16.05
# Swiggy Ltd.	E-retail/ e-commerce	0.96	61.5	0.31%	0.31%	0.31% (Oct 2025)	0% (Nov 2024)	1.50 L	1.50 L	Other	16.05
Mahanagar Gas Ltd.	Lpg/cng/png/lng supplier	0.31	61.3	0.31%	-0.01%	0.38% (Jan 2025)	0% (Nov 2024)	47.99 k	0.00	Small Cap	4.12
DLF Ltd.	Residential, commercial projects	0.72	59.9	0.30%	0.01%	0.37% (Nov 2024)	0.29% (Sep 2025)	79.20 k	0.00	Large Cap	39.76
Ultratech Cement Ltd.	Cement & cement products	2.13	59.8	0.30%	-0.01%	0.32% (Sep 2025)	0% (Nov 2024)	5.01 k	0.00	Large Cap	39.76
GAIL (India) Ltd.	Gas transmission/marketing	0.44	58.9	0.30%	-0.28%	0.8% (Nov 2024)	0.3% (Oct 2025)	3.22 L	-3.10 L	Large Cap	39.76
- Cipla Ltd.	Pharmaceuticals	4.61	56.9	0.29%	-0.01%	0.67% (Feb 2025)	0.29% (Oct 2025)	37.88 k	0.00	Large Cap	39.76
Atul Ltd.	Specialty chemicals	0.52	56	0.28%	-0.02%	0.41% (May 2025)	0% (Nov 2024)	9.72 k	0.00	Mid Cap	6.75
Sai Life Sciences Ltd.	Petrochemicals	0.28	55.1	0.28%	0.01%	0.28% (Oct 2025)	0% (Nov 2024)	60.00 k	0.00	Other	16.05
- LIC Housing Finance Ltd.	Housing finance company	0.28	54.8	0.28%	0.00%	0.63% (Nov 2024)	0.28% (Oct 2025)	96.00 k	0.00	Mid Cap	6.75
J S W Energy Ltd.	Power generation	1.36	51.7	0.26%	-0.01%	0.4% (Mar 2025)	0% (Nov 2024)	97.97 k	0.00	Mid Cap	6.75
Care Ratings Ltd.	Ratings	0.26	50.6	0.26%	0.01%	0.29% (May 2025)	0% (Nov 2024)	31.50 k	0.00	Small Cap	4.12
# HDFC Life Insurance Company Ltd.	Life insurance	1.09	49.1	0.25%	0.25%	0.25% (Oct 2025)	0% (Nov 2024)	67.10 k	67.10 k	Large Cap	39.76
- Tech Mahindra Ltd.	Computers - software & consulting	4.85	48.7	0.25%	0.00%	0.33% (Nov 2024)	0.25% (Oct 2025)	34.20 k	0.00	Large Cap	39.76
- Krishna Institute of Medical Sciences Ltd.	Hospital	0.24	48.3	0.24%	0.00%	0.31% (Jan 2025)	0.24% (Jun 2025)	66.99 k	0.00	Other	16.05
- Arvind Ltd.	Garments & apparels	0.24	48.2	0.24%	0.01%	0.35% (Dec 2024)	0.23% (Aug 2025)	1.51 L	0.00	Small Cap	4.12
Deepak Nitrite Ltd.	Specialty chemicals	0.52	47.6	0.24%	-0.02%	0.31% (Mar 2025)	0% (Nov 2024)	27.52 k	0.00	Small Cap	4.12
Mphasis Ltd.	Computers - software & consulting	4.85	45.2	0.23%	0.11%	0.23% (Oct 2025)	0% (Nov 2024)	16.36 k	8.00 k	Mid Cap	6.75
Schloss Bangalore Ltd.	Hotels & resorts	0.31	43.4	0.22%	0.01%	0.22% (Oct 2025)	0% (Nov 2024)	1.00 L	0.00	Other	16.05
J.b. Chemicals & Pharmaceuticals Ltd.	Pharmaceuticals	4.61	43	0.22%	-0.01%	0.25% (Feb 2025)	0.12% (Nov 2024)	25.54 k	0.00	Other	16.05
Laurus Labs Ltd.	Pharmaceuticals	4.61	42.6	0.21%	0.02%	0.21% (Oct 2025)	0% (Nov 2024)	44.63 k	0.00	Other	16.05
ABB India Ltd.	Heavy electrical equipment	1.18	42.4	0.21%	0.00%	0.26% (May 2025)	0% (Nov 2024)	8.13 k	0.00	Large Cap	39.76
- Greenply Industries Ltd.	Plywood boards/ laminates	0.71	37.4	0.19%	0.00%	0.23% (Nov 2024)	0.19% (Oct 2025)	1.22 L	0.00	Small Cap	4.12
Mankind Pharma Ltd.	Pharmaceuticals	4.61	36.5	0.18%	-0.01%	0.5% (Mar 2025)	0% (Nov 2024)	15.29 k	0.00	Other	16.05
- General Insurance Corporation of India	General insurance	0.49	33.9	0.17%	0.00%	0.23% (Dec 2024)	0.17% (Oct 2025)	90.65 k	0.00	Large Cap	39.76
KFIN Technologies Ltd.	Financial technology (fintech)	0.17	32.8	0.17%	0.00%	0.51% (Dec 2024)	0.16% (Aug 2025)	29.82 k	0.00	Other	16.05
Grasim Industries Limited	Cement & cement products	2.13	32	0.16%	-0.10%	0.38% (Jan 2025)	0% (Nov 2024)	11.07 k	-7.00 k	Large Cap	39.76
MRF Ltd.	Tyres & rubber products	0.16	31.5	0.16%	0.01%	0.16% (Oct 2025)	0% (Nov 2024)	200.00	0.00	Mid Cap	6.75
HDB Financial Services Ltd.	Non banking financial company (nbfc)	1.51	29.9	0.15%	-0.01%	0.17% (Aug 2025)	0% (Nov 2024)	40.84 k	0.00	Other	16.05
- Colgate - Palmolive (India) Limited	Personal care	0.54	28.8	0.15%	0.00%	0.16% (Aug 2025)	0% (Nov 2024)	12.83 k	0.00	Large Cap	39.76
- Asian Paints (india) Ltd.	Paints	0.14	28.3	0.14%	0.01%	0.15% (Aug 2025)	0% (Nov 2024)	11.25 k	0.00	Large Cap	39.76
- Gujarat State Petronet Ltd.	Gas transmission/marketing	0.44	27.2	0.14%	0.00%	0.18% (Dec 2024)	0.14% (Aug 2025)	87.74 k	0.00	Mid Cap	6.75
- Crompton Greaves Consumer Electricals Ltd.	Household appliances	0.14	26.9	0.14%	-0.01%	0.22% (Nov 2024)	0.14% (Oct 2025)	95.00 k	0.00	Mid Cap	6.75
United Spirits Ltd.	Breweries & distilleries	0.13	25.2	0.13%	0.01%	0.16% (Dec 2024)	0.12% (Sep 2025)	17.60 k	0.00	Large Cap	39.76
Sona BLW Precision Forgings Ltd.	Auto components & equipments	1.2	24.9	0.13%	0.01%	0.2% (Nov 2024)	0.11% (Sep 2025)	52.71 k	0.00	Other	16.05
Westlife Development Ltd.	Restaurants	0.1	20.8	0.10%	-0.02%	0.14% (Jun 2025)	0% (Nov 2024)	35.03 k	0.00	Small Cap	4.12
Eicher Motors Ltd.	2/3 wheelers	0.87	20.7	0.10%	0.00%	0.44% (Feb 2025)	0.09% (Dec 2024)	2.95 k	0.00	Other	16.05
Prince Pipes and Fittings Ltd.	Plastic products - industrial	0.1	20.4	0.10%	0.00%	0.15% (Dec 2024)	0.09% (Apr 2025)	63.85 k	0.00	Other	16.05
- Bank Of Baroda	Public sector bank	3.36	20.4	0.10%	0.01%	0.4% (Apr 2025)	0% (Nov 2024)	73.13 k	0.00	Large Cap	39.76
- Tata Power Co. Ltd.	Integrated power utilities	0.1	19.4	0.10%	0.00%	0.11% (Nov 2024)	0.09% (Feb 2025)	47.85 k	0.00	Mid Cap	6.75
- Gateway Rail Freight Ltd.	Logistics solution provider	0.14	19.2	0.10%	0.00%	0.14% (Nov 2024)	0.1% (Sep 2025)	3.00 L	0.00	Other	16.05
- Indian Hotels Company Limited	Hotels & resorts	0.31	17.1	0.09%	0.00%	0.11% (Dec 2024)	0.09% (Sep 2025)	23.00 k	0.00	Mid Cap	6.75
# Dalmia Bharat Ltd.	Cement & cement products	2.13	16.4	0.08%	0.08%	0.08% (Oct 2025)	0% (Nov 2024)	7.80 k	7.80 k	Mid Cap	6.75
- Lupin Ltd.	Pharmaceuticals	4.61	15	0.08%	0.00%	0.49% (Apr 2025)	0% (Nov 2024)	7.65 k	0.00	Large Cap	39.76
Tata Motors Ltd.	Passenger cars & utility vehicles	3.43	14.4	0.07%	-0.25%	1.15% (Nov 2024)	0.07% (Oct 2025)	35.10 k	-0.57 L	Large Cap	39.76
# TML Commercial Vehicles Ltd.	Commercial vehicles	0.05	9.2	0.05%	0.05%	0.05% (Oct 2025)	0% (Nov 2024)	35.10 k	35.10 k	Other	16.05
- Container Corporation Of India Ltd.	Logistics solution provider	0.14	8.2	0.04%	0.00%	0.06% (Nov 2024)	0.04% (Sep 2025)	15.00 k	0.00	Large Cap	39.76
# TVS Motor Company Ltd. - Preference Shares	2/3 wheelers	0.87	1.7	0.01%	0.00%	0% (Nov 2025)	0% (Nov 2025)	1.71 L	0.00	Other	16.05
Adani Wilmar Ltd.	Edible oil		63.7	0.00%	-0.33%	-	-	-	-	Other	16.05
Havells India Ltd.	Consumer electronics	0.57	81	0.00%	-0.42%	-	-	-	-	Large Cap	39.76
Go Fashion (India) Ltd.	Speciality retail	0.33	45.6	0.00%	-0.24%	-	-	-	-	Other	16.05
Bond - Punjab National Bank	Public sector bank	3.36	543.9	0.00%	-2.81%	-	-	-	-	Other	16.05
Bond - Union Bank Of India	Public sector bank	3.36	494.9	0.00%	-2.56%	-	-	-	-	Other	16.05

- 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
# Swiggy Ltd.	E-retail/ e-commerce	61.5	0.31%	0.31%	0.31% (Oct 2025)	0% (Nov 2024)	1.50 L	150000
# HDFC Life Insurance Company Ltd.	Life insurance	49.1	0.25%	0.25%	0.25% (Oct 2025)	0% (Nov 2024)	67.10 k	67100
# TML Commercial Vehicles Ltd.	Commercial vehicles	9.2	0.05%	0.05%	0.05% (Oct 2025)	0% (Nov 2024)	35.10 k	35104
# LG Electronics India Pvt. Ltd.	Consumer electronics	113.5	0.57%	0.57%	0.57% (Oct 2025)	0% (Nov 2024)	68.24 k	68236
# BSE Ltd.	Exchange and data platform	74.4	0.38%	0.38%	0.38% (Oct 2025)	0% (Nov 2024)	30.00 k	30000
# Bond - Piramal Finance Ltd.	Non banking financial company (nbfc)	250.3	1.26%	1.26%	0% (Nov 2025)	0% (Nov 2025)	25.00 L	2500000
# Dalmia Bharat Ltd.	Cement & cement products	16.4	0.08%	0.08%	0.08% (Oct 2025)	0% (Nov 2024)	7.80 k	7800

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
Adani Wilmar Ltd.	Edible oil	63.7	0.00%	-0.33%	0.36% (May 2025)	0% (Nov 2024)	-243404
Havells India Ltd.	Consumer electronics	81	0.00%	-0.42%	0.5% (Nov 2024)	0% (Nov 2024)	-53954
Go Fashion (India) Ltd.	Speciality retail	45.6	0.00%	-0.24%	0.43% (Nov 2024)	0% (Nov 2024)	-67700
Bond - Punjab National Bank	Public sector bank	543.9	0.00%	-2.81%	0% (Nov 2025)	0% (Nov 2025)	-5500000
Bond - Union Bank Of India	Public sector bank	494.9	0.00%	-2.56%	0% (Nov 2025)	0% (Nov 2025)	-5000000

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.	5.67%	5.50%	5.65%	5.95%	5.89%	5.55%	5.62%	5.35%	5.12%	4.87%	4.43%	4.50%	4.43%
ICICI Bank Ltd.	2.82%	2.49%	2.65%	2.79%	2.72%	2.98%	3.01%	2.92%	2.71%	2.73%	2.65%	2.70%	2.73%
State Bank Of India	3.26%	3.16%	3.14%	3.09%	2.39%	2.42%	2.31%	2.31%	2.15%	2.34%	2.20%	2.53%	2.52%
Bharti Airtel Ltd.	2.44%	2.38%	2.46%	2.48%	2.60%	2.46%	2.73%	2.69%	2.54%	2.55%	2.40%	2.47%	2.49%
Reliance Industries Ltd.	2.24%	2.11%	2.15%	2.19%	2.39%	2.32%	2.35%	2.19%	2.04%	2.09%	1.97%	2.01%	2.11%
Infosys Ltd.	1.74%	1.74%	1.82%	1.85%	1.96%	1.96%	2.02%	2.17%	2.19%	2.36%	2.22%	2.20%	2.12%
Larsen & Toubro Ltd.	1.85%	1.72%	1.74%	1.74%	1.64%	1.68%	1.56%	1.53%	1.87%	1.62%	1.61%	1.87%	1.86%
Mahindra & Mahindra Ltd.	2.01%	2.02%	1.94%	1.93%	1.91%	1.83%	1.84%	1.62%	1.63%	1.67%	1.34%	1.08%	1.10%
Axis Bank Ltd.	1.60%	1.50%	1.42%	1.44%	1.62%	1.65%	1.68%	1.60%	1.81%	1.70%	1.64%	1.76%	1.83%
Tata Consultancy Services Ltd.	1.32%	1.28%	1.40%	1.37%	1.56%	1.59%	1.63%	1.58%	1.59%	1.71%	1.61%	1.65%	1.56%
Coal India Ltd.	0.58%	1.35%	1.33%	1.27%	1.37%	1.53%	1.51%	1.61%	1.56%	1.51%	1.34%	1.46%	1.61%
National Thermal Power Corporation Ltd.	1.10%	1.14%	1.13%	1.14%	1.15%	1.17%	1.27%	1.32%	1.68%	1.48%	1.50%	1.64%	1.88%
Ambuja Cements Ltd.	1.19%	1.23%	1.25%	1.30%	1.27%	1.24%	1.24%	1.32%	1.19%	1.27%	1.30%	1.29%	1.39%
Kotak Mahindra Bank Ltd.	0.97%	1.25%	1.15%	1.15%	0.89%	0.88%	0.96%	0.96%	1.13%	1.34%	1.24%	1.22%	1.22%
Shriram Finance Ltd.	0.87%	0.80%	0.77%	0.83%	0.93%	1.01%	1.09%	1.20%	1.22%	1.18%	1.24%	1.30%	1.37%

No of Debt Holding 28 (Category Avg - 29.49) | Modified Duration 3.20 Years (Category Avg - 3.07)| Yield to Maturity 6.29% (Category Avg - 6.64%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	11.95%	8.49%
CD	0.00%	0.28%
T-Bills	0.00%	0.96%
CP	2.51%	0.41%
NCD & Bonds	14.64%	10.62%
PTC	0.00%	0.29%

Category - Dynamic Asset Allocation or Balanced Advantage

Security Type	% Weight	Category Average
Government Backed	11.95%	9.46%
Low Risk	17.15%	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 - Govt of India	GOI	Other			728.40	3.68%	70.25 L
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	604.96	3.05%	60.00 L
Bond - Govt of India	GOI	Other			585.34	2.95%	57.75 L
Bond - Govt of India	GOI	Other			355.41	1.79%	34.43 L
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	LAAA	ICRA	254.06	1.28%	25.00 L
Bond - Govt of India	GOI	Other			251.18	1.27%	25.00 L
Bond - Bharti Telecom Ltd.	NCD & Bonds	Telecom - equipment & accessories	AAA	CRISIL	250.62	1.27%	25.00 L
Bond - Piramal Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA	ICRA	250.25	1.26%	25.00 L
Bond - JIO Credit Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	249.45	1.26%	25.00 L
Bond - Housing & Urban Development Corporation Ltd.	NCD & Bonds	Financial institution	LAAA	ICRA	249.30	1.26%	25.00 L
Bond - Govt of India	GOI	Other			247.00	1.25%	25.00 L
Bond - Hindalco Industries Ltd.	CP	Aluminium	P1+	CRISIL	246.88	1.25%	25.00 L
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	213.39	1.08%	21.00 L
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	181.20	0.91%	18.00 L
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	150.91	0.76%	15.00 L
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	LAAA	ICRA	122.22	0.62%	12.00 L
Bond - Govt of India	GOI	Other			103.85	0.52%	10.00 L
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	101.97	0.51%	10.00 L
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	LAAA	ICRA	100.85	0.51%	10.00 L
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	91.28	0.46%	9.00 L
Bond - India Infrastructure Finance Co. Ltd.	NCD & Bonds	Financial institution	INDAAA	FITCH	81.56	0.41%	8.00 L
Bond - Bajaj Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	76.63	0.39%	7.50 L
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	50.79	0.26%	5.00 L
Bond - Bajaj Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	50.23	0.25%	5.00 L
Bond - Govt of India	GOI	Other			50.15	0.25%	5.00 L
Bond - Govt of India	GOI	Other			47.47	0.24%	5.00 L
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	LAAA	ICRA	41.16	0.21%	4.00 L
Bond - Bharti Telecom Ltd.	NCD & Bonds	Telecom - equipment & accessories	AAA	CRISIL	30.04	0.15%	3.00 L