Mirae Asset Equity Savings Fund - IDCW

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 : Equity Savings

Portfolio Turnover Ratio : 404.00%. Category average turnover ratio is 749.58%. 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 : 66.01% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 66.01%

No of Stocks : 121 (Category Avg - 76.88) | Large Cap Investments : 37.47%| Mid Cap Investments : 8.39% | Small Cap Investments : 2.82% | Other : 17.37%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	121	69.84
Top 5 Stock Weight	13.79%	23.3%
Top 10 Stock Weight	21.43%	36.22%
Top 3 Sector Weight	20.44%	26.18%

Category - Equity Savings

Particulars	This Scheme	Category
Average mcap (Cr)	81728.14	106470.13
Holdings in large cap stocks	37.47%	42.8%
Holdings in mid cap stocks	8.39%	6.8%
Holdings in small cap stocks	2.82%	3.44%

Category - Equity Savings

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	789	4.55%	0.10%	5.19% (Jun 2025)	3.01% (Dec 2024)	7.99 L	17.50 k
State Bank Of India	Public sector bank	495	2.86%	0.04%	2.88% (Jul 2025)	1.82% (Dec 2024)	5.28 L	-0.10 L
ICICI Bank Ltd.	Private sector bank	459.3	2.65%	0.21%	3.18% (Apr 2025)	2.44% (Sep 2025)	3.41 L	39.00 k
Reliance Industries Ltd.	Refineries & marketing	343.3	1.98%	0.09%	2.41% (Apr 2025)	1.71% (Dec 2024)	2.31 L	0.00
Axis Bank Ltd.	Private sector bank	303	1.75%	0.08%	2.08% (Apr 2025)	1.32% (Nov 2024)	2.46 L	0.00
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	286.9	1.66%	-0.03%	1.74% (Jun 2025)	1.47% (Nov 2024)	82.28 k	0.00
Larsen & Toubro Ltd.	Civil construction	279.4	1.61%	0.09%	1.76% (Feb 2025)	1.28% (Mar 2025)	69.32 k	0.00
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	256.1	1.48%	-0.02%	1.87% (Apr 2025)	1.48% (Oct 2025)	1.25 L	-8.50 k
Kotak Mahindra Bank Ltd.	Private sector bank	255.9	1.48%	0.02%	1.81% (Jan 2025)	1.33% (Aug 2025)	1.22 L	0.00
Tata Consultancy Services Ltd.	Computers - software & consulting	244.2	1.41%	0.03%	4.11% (Jan 2025)	1.38% (Sep 2025)	79.86 k	0.00

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

View complete holding

Complete equity Portfolio (as on 31st Oct,2025)

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Sector
M-Cap

Help me understand this table

Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty	M-Cap	GroupName
HDFC Bank Ltd.	Private sector bank	11.49	789	4.55%	0.10%	5.19% (Jun 2025)	3.01% (Dec 2024)	7.99 L	17.50 k	Other	17.37
State Bank Of India	Public sector bank	3.34	495	2.86%	0.04%	2.88% (Jul 2025)	1.82% (Dec 2024)	5.28 L	-0.10 L	Large Cap	37.47
ICICI Bank Ltd.	Private sector bank	11.49	459.3	2.65%	0.21%	3.18% (Apr 2025)	2.44% (Sep 2025)	3.41 L	39.00 k	Large Cap	37.47
Reliance Industries Ltd.	Refineries & marketing	2.34	343.3	1.98%	0.09%	2.41% (Apr 2025)	1.71% (Dec 2024)	2.31 L	0.00	Large Cap	37.47
Axis Bank Ltd.	Private sector bank	11.49	303	1.75%	0.08%	2.08% (Apr 2025)	1.32% (Nov 2024)	2.46 L	0.00	Large Cap	37.47
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	2.47	286.9	1.66%	-0.03%	1.74% (Jun 2025)	1.47% (Nov 2024)	82.28 k	0.00	Large Cap	37.47
Larsen & Toubro Ltd.	Civil construction	1.61	279.4	1.61%	0.09%	1.76% (Feb 2025)	1.28% (Mar 2025)	69.32 k	0.00	Large Cap	37.47
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	1.48	256.1	1.48%	-0.02%	1.87% (Apr 2025)	1.48% (Oct 2025)	1.25 L	-8.50 k	Large Cap	37.47
Kotak Mahindra Bank Ltd.	Private sector bank	11.49	255.9	1.48%	0.02%	1.81% (Jan 2025)	1.33% (Aug 2025)	1.22 L	0.00	Large Cap	37.47
Tata Consultancy Services Ltd.	Computers - software & consulting	4.22	244.2	1.41%	0.03%	4.11% (Jan 2025)	1.38% (Sep 2025)	79.86 k	0.00	Large Cap	37.47
Tata Steel Ltd.	Iron & steel products	2.03	225.7	1.30%	0.17%	1.3% (Oct 2025)	0.86% (Apr 2025)	12.34 L	1.10 L	Other	17.37
ITC Limited	Diversified fmcg	1.59	219.3	1.27%	0.05%	1.27% (Oct 2025)	0.53% (Feb 2025)	5.22 L	15.00 k	Large Cap	37.47
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	4.73	201.2	1.16%	0.03%	1.21% (Apr 2025)	0.97% (Feb 2025)	1.19 L	0.00	Large Cap	37.47
Infosys Ltd.	Computers - software & consulting	4.22	187.1	1.08%	-0.01%	1.65% (Jan 2025)	1.08% (Oct 2025)	1.26 L	0.00	Large Cap	37.47
Ambuja Cements Ltd.	Cement & cement products	1.6	184	1.06%	-0.05%	1.34% (Mar 2025)	1.06% (Oct 2025)	3.25 L	0.00	Large Cap	37.47
National Thermal Power Corporation Ltd.	Power generation	1.61	179.2	1.03%	-0.05%	1.4% (Mar 2025)	1.01% (Dec 2024)	5.32 L	0.00	Large Cap	37.47
Eternal Ltd.	E-retail/ e-commerce	1.2	172.5	1.00%	-0.06%	1.06% (Sep 2025)	0.37% (Jul 2025)	5.43 L	0.00	Other	17.37
- Adani Ports And Special Economic Zone Ltd.	Port & port services	0.97	168	0.97%	0.00%	1.25% (May 2025)	0.53% (Nov 2024)	1.16 L	0.00	Large Cap	37.47
SBI Life Insurance Co Ltd.	Life insurance	2.28	166.8	0.96%	-0.04%	1.17% (Jul 2025)	0.81% (Nov 2024)	85.29 k	-8.00 k	Large Cap	37.47
- Tata Power Co. Ltd.	Integrated power utilities	0.93	161.5	0.93%	0.00%	1.2% (Nov 2024)	0.92% (Aug 2025)	3.99 L	0.00	Mid Cap	8.39
Glenmark Pharmaceuticals Ltd.	Pharmaceuticals	4.73	160.5	0.93%	-0.07%	0.99% (Sep 2025)	0.5% (Nov 2024)	84.88 k	0.00	Mid Cap	8.39
Vedanta Ltd.	Diversified metals	0.9	155.1	0.90%	0.02%	0.9% (Oct 2025)	0.42% (Nov 2024)	3.14 L	0.00	Large Cap	37.47
- Bajaj Finance Ltd.	Non banking financial company (nbfc)	2.19	154.6	0.89%	0.01%	0.89% (Oct 2025)	0.43% (Nov 2024)	1.48 L	0.00	Other	17.37
Hindustan Aeronautics Ltd.	Aerospace & defense	1.27	151.6	0.88%	-0.05%	1.12% (May 2025)	0.76% (Feb 2025)	32.40 k	0.00	Other	17.37
Aurobindo Pharma Ltd.	Pharmaceuticals	4.73	132.9	0.77%	0.01%	1.29% (Dec 2024)	0.76% (Sep 2025)	1.17 L	0.00	Large Cap	37.47
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	2.47	129.7	0.75%	-0.02%	0.77% (Sep 2025)	0.27% (May 2025)	8.01 k	0.00	Large Cap	37.47
HCL Technologies Limited	Computers - software & consulting	4.22	123.6	0.71%	0.05%	0.71% (Oct 2025)	0.17% (Apr 2025)	80.15 k	0.00	Large Cap	37.47
DLF Ltd.	Residential, commercial projects	1.18	123.5	0.71%	0.02%	0.99% (Dec 2024)	0.7% (Sep 2025)	1.63 L	0.00	Large Cap	37.47
Hindalco Industries Ltd.	Aluminium	0.71	122.1	0.71%	0.05%	0.71% (Oct 2025)	0.22% (May 2025)	1.44 L	0.00	Large Cap	37.47
# HDFC Life Insurance Company Ltd.	Life insurance	2.28	121.6	0.70%	0.70%	0.7% (Oct 2025)	0% (Nov 2024)	1.66 L	1.66 L	Large Cap	37.47
Titan Company Ltd.	Gems, jewellery and watches	0.64	110.9	0.64%	0.09%	0.69% (Jan 2025)	0.55% (Sep 2025)	29.60 k	2.50 k	Large Cap	37.47
Aditya Birla Capital Ltd.	Life insurance	2.28	107.5	0.62%	0.04%	0.62% (Oct 2025)	0.39% (Feb 2025)	3.32 L	0.00	Mid Cap	8.39
Shriram Finance Ltd.	Non banking financial company (nbfc)	2.19	101.8	0.59%	0.09%	0.92% (Nov 2024)	0.49% (Aug 2025)	1.36 L	0.00	Other	17.37
TD Power Systems Ltd.	Heavy electrical equipment	1.08	101.7	0.59%	-0.07%	0.84% (Dec 2024)	0.58% (Aug 2025)	1.31 L	-0.55 L	Other	17.37
J S W Energy Ltd.	Power generation	1.61	100.2	0.58%	-0.03%	0.85% (Mar 2025)	0% (Nov 2024)	1.90 L	0.00	Mid Cap	8.39
Jio Financial Services Ltd.	Non banking financial company (nbfc)	2.19	98.1	0.57%	0.00%	0.69% (Jun 2025)	0% (Nov 2024)	3.20 L	0.00	Other	17.37
Eicher Motors Ltd.	2/3 wheelers	1.14	94.4	0.55%	-0.02%	0.75% (Apr 2025)	0% (Nov 2024)	13.48 k	0.00	Other	17.37
TVS Motor Company Ltd.	2/3 wheelers	1.14	90.3	0.52%	-0.01%	0.53% (Sep 2025)	0.31% (Dec 2024)	25.74 k	0.00	Mid Cap	8.39
Oil & Natural Gas Corporation Ltd.	Oil exploration & production	0.52	89.7	0.52%	0.01%	0.63% (Jan 2025)	0.5% (Sep 2025)	3.51 L	0.00	Large Cap	37.47
Indus Towers Ltd.	Telecom - infrastructure	0.51	88.9	0.51%	-0.17%	0.69% (Sep 2025)	0.27% (Feb 2025)	2.45 L	-0.90 L	Large Cap	37.47
ABB India Ltd.	Heavy electrical equipment	1.08	85.7	0.49%	-0.01%	0.69% (Jan 2025)	0.49% (Oct 2025)	16.41 k	0.00	Large Cap	37.47
Divis Laboratories Ltd.	Pharmaceuticals	4.73	84.2	0.49%	0.12%	0.49% (Oct 2025)	0% (Nov 2024)	12.50 k	1.80 k	Large Cap	37.47
# LG Electronics India Pvt. Ltd.	Consumer electronics	0.48	84	0.48%	0.48%	0.48% (Oct 2025)	0% (Nov 2024)	50.48 k	50.48 k	Other	17.37
Trent Limited	Speciality retail	0.48	83.1	0.48%	-0.02%	0.58% (Aug 2025)	0% (Nov 2024)	17.70 k	0.00	Mid Cap	8.39
Bank Of Baroda	Public sector bank	3.34	83.1	0.48%	0.02%	0.65% (Jan 2025)	0.43% (Aug 2025)	2.98 L	0.00	Large Cap	37.47
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	0.56	82.9	0.48%	-0.15%	0.94% (Dec 2024)	0.48% (Oct 2025)	8.97 k	-4.50 k	Small Cap	2.82
Jindal Steel Ltd.	Iron & steel products	2.03	80	0.46%	-0.02%	0.67% (Dec 2024)	0.44% (Aug 2025)	75.00 k	0.00	Mid Cap	8.39
GAIL (India) Ltd.	Gas transmission/marketing	0.71	79.9	0.46%	-0.21%	0.72% (Jul 2025)	0.29% (Jan 2025)	4.37 L	-2.00 L	Large Cap	37.47
L&T Finance Holdings Ltd.	Investment company	0.45	78.6	0.45%	0.12%	0.45% (Oct 2025)	0.12% (Dec 2024)	2.91 L	69.19 k	Mid Cap	8.39
Sona BLW Precision Forgings Ltd.	Auto components & equipments	1.11	75.3	0.43%	0.04%	0.43% (Oct 2025)	0.07% (Aug 2025)	1.59 L	0.00	Other	17.37
Cipla Ltd.	Pharmaceuticals	4.73	73.2	0.42%	-0.02%	0.9% (Feb 2025)	0.42% (Oct 2025)	48.75 k	0.00	Large Cap	37.47
Onesource Specialty Pharma Ltd.	Pharmaceuticals	4.73	72.1	0.42%	-0.01%	0.57% (Jun 2025)	0% (Nov 2024)	38.90 k	0.00	Other	17.37
Varun Beverages Ltd.	Other beverages	0.4	69.3	0.40%	0.01%	0.44% (Jan 2025)	0.25% (May 2025)	1.48 L	0.00	Other	17.37
Coal India Ltd.	Coal	0.39	68.3	0.39%	-0.76%	1.54% (Feb 2025)	0.39% (Oct 2025)	1.76 L	-3.20 L	Large Cap	37.47
Bharat Electronics Ltd.	Aerospace & defense	1.27	66.8	0.39%	0.01%	0.62% (Nov 2024)	0.36% (Aug 2025)	1.57 L	0.00	Mid Cap	8.39
Craftsman Automation Ltd.	Auto components & equipments	1.11	64.2	0.37%	-0.02%	0.41% (Jul 2025)	0.29% (Jan 2025)	9.61 k	0.00	Other	17.37
Indusind Bank Ltd.	Private sector bank	11.49	64.2	0.37%	0.01%	0.76% (Nov 2024)	0.24% (Mar 2025)	80.74 k	0.00	Large Cap	37.47
Sagility India Ltd.	It enabled services	0.37	63.9	0.37%	-0.06%	0.62% (Dec 2024)	0.37% (Oct 2025)	12.17 L	-4.50 L	Other	17.37
Brigade Enterprises Ltd.	Residential, commercial projects	1.18	63.9	0.37%	0.04%	0.72% (Dec 2024)	0.33% (Sep 2025)	61.54 k	0.00	Small Cap	2.82
IDFC First Bank Ltd.	Private sector bank	11.49	59.9	0.35%	0.04%	0.35% (Oct 2025)	0% (Nov 2024)	7.33 L	0.00	Mid Cap	8.39
Avenue Supermarts Ltd.	Diversified retail	0.66	59.6	0.34%	0.13%	0.34% (Oct 2025)	0% (Nov 2024)	14.36 k	6.50 k	Large Cap	37.47
Federal Bank Ltd.	Private sector bank	11.49	59.2	0.34%	0.05%	0.34% (Oct 2025)	0% (Nov 2024)	2.50 L	0.00	Mid Cap	8.39
International Gemmological Institute India Pvt Ltd.	Diversified commercial services	0.33	57.1	0.33%	-0.02%	0.69% (Dec 2024)	0% (Nov 2024)	1.69 L	0.00	Other	17.37
Century Plyboards India Ltd.	Plywood boards/ laminates	0.47	57	0.33%	-0.04%	0.44% (Jan 2025)	0.21% (Nov 2024)	75.56 k	0.00	Small Cap	2.82
Hindustan Unilever Ltd.	Diversified fmcg	1.59	55.8	0.32%	-0.02%	0.69% (Apr 2025)	0.32% (Oct 2025)	22.61 k	0.00	Large Cap	37.47
Vishal Mega Mart Ltd.	Diversified retail	0.66	55.1	0.32%	-0.08%	0.41% (Aug 2025)	0% (Nov 2024)	3.81 L	-0.60 L	Other	17.37
- Mphasis Ltd.	Computers - software & consulting	4.22	53.6	0.31%	0.00%	0.56% (Jan 2025)	0.3% (Nov 2024)	19.37 k	0.00	Mid Cap	8.39
Schaeffler India Ltd.	Auto components & equipments	1.11	53.3	0.31%	-0.03%	0.38% (May 2025)	0% (Nov 2024)	13.26 k	0.00	Other	17.37
InterGlobe Aviation Ltd.	Airline	0.3	52.3	0.30%	0.10%	0.91% (May 2025)	0.2% (Sep 2025)	9.31 k	3.30 k	Large Cap	37.47
Godrej Consumer Products Ltd	Personal care	0.45	50.6	0.29%	-0.02%	0.46% (Apr 2025)	0.29% (Oct 2025)	45.20 k	0.00	Large Cap	37.47
- Bajaj Finserv Ltd	Holding company	0.29	50.1	0.29%	0.00%	0.34% (May 2025)	0% (Nov 2024)	24.00 k	0.00	Other	17.37
- LIC Housing Finance Ltd.	Housing finance company	0.28	48	0.28%	-0.01%	0.63% (Nov 2024)	0.28% (Oct 2025)	84.00 k	0.00	Mid Cap	8.39
- J S W Steel Ltd.	Iron & steel products	2.03	47.2	0.27%	0.00%	0.31% (Mar 2025)	0.25% (Aug 2025)	39.15 k	0.00	Large Cap	37.47
- Zensar Technologies Ltd.	Computers - software & consulting	4.22	47.1	0.27%	0.00%	0.47% (Jan 2025)	0.27% (Sep 2025)	59.09 k	0.00	Small Cap	2.82
- Bharat Petroleum Corporation Ltd.	Refineries & marketing	2.34	47.1	0.27%	0.00%	0.29% (Jun 2025)	0.18% (Jan 2025)	1.32 L	0.00	Large Cap	37.47
- GO Digit General Insurance Ltd.	General insurance	0.27	46.2	0.27%	0.00%	0.32% (Nov 2024)	0.26% (Apr 2025)	1.29 L	0.00	Other	17.37
Sai Life Sciences Ltd.	Petrochemicals	0.27	45.9	0.27%	0.01%	0.27% (Oct 2025)	0% (Nov 2024)	50.00 k	0.00	Other	17.37
Power Finance Corporation Ltd.	Financial institution	0.47	44.4	0.26%	-0.01%	0.4% (Nov 2024)	0.26% (Oct 2025)	1.10 L	0.00	Mid Cap	8.39
Nestle India Ltd.	Packaged foods	0.25	43.2	0.25%	0.01%	0.25% (Oct 2025)	0% (Nov 2024)	34.00 k	0.00	Other	17.37
Gujarat State Petronet Ltd.	Gas transmission/marketing	0.71	43	0.25%	-0.01%	0.37% (Dec 2024)	0.25% (Oct 2025)	1.39 L	0.00	Mid Cap	8.39
Atul Ltd.	Specialty chemicals	0.62	42.9	0.25%	-0.02%	0.4% (May 2025)	0% (Nov 2024)	7.44 k	0.00	Mid Cap	8.39
Prince Pipes and Fittings Ltd.	Plastic products - industrial	0.25	42.8	0.25%	-0.01%	0.33% (Jun 2025)	0.06% (Apr 2025)	1.34 L	0.00	Other	17.37
Ultratech Cement Ltd.	Cement & cement products	1.6	41.8	0.24%	-0.01%	0.26% (Sep 2025)	0% (Nov 2024)	3.50 k	0.00	Large Cap	37.47
Mahanagar Gas Ltd.	Lpg/cng/png/lng supplier	0.24	40.8	0.24%	-0.01%	0.33% (Mar 2025)	0% (Nov 2024)	31.98 k	0.00	Small Cap	2.82
LTIMindtree Ltd.	Computers - software & consulting	4.22	39.8	0.23%	0.01%	0.8% (Jan 2025)	0.22% (Sep 2025)	7.00 k	0.00	Mid Cap	8.39
- Delhivery Ltd.	Logistics solution provider	0.23	38.3	0.22%	0.00%	0.24% (Aug 2025)	0.15% (Mar 2025)	82.27 k	0.00	Other	17.37
- Housing & Urban Development Corporation Ltd.	Financial institution	0.47	36.8	0.21%	0.00%	0.21% (Oct 2025)	0% (Nov 2024)	1.55 L	0.00	Small Cap	2.82
Tech Mahindra Ltd.	Computers - software & consulting	4.22	36.8	0.21%	0.00%	0.74% (Dec 2024)	0.21% (Oct 2025)	25.80 k	0.00	Large Cap	37.47
Neogen Chemicals Ltd.	Specialty chemicals	0.62	36.1	0.21%	-0.02%	0.22% (Sep 2025)	0% (Nov 2024)	25.00 k	0.00	Other	17.37
Care Ratings Ltd.	Ratings	0.21	35.8	0.21%	0.00%	0.28% (May 2025)	0% (Nov 2024)	22.30 k	0.00	Small Cap	2.82
# Swiggy Ltd.	E-retail/ e-commerce	1.2	34.9	0.20%	0.20%	0.2% (Oct 2025)	0% (Nov 2024)	85.00 k	85.00 k	Other	17.37
- Krishna Institute of Medical Sciences Ltd.	Hospital	0.21	34.4	0.20%	0.00%	0.25% (Jan 2025)	0.2% (Oct 2025)	47.75 k	0.00	Other	17.37
- Arvind Ltd.	Garments & apparels	0.19	33.6	0.19%	0.00%	0.32% (Dec 2024)	0.18% (Aug 2025)	1.05 L	0.00	Small Cap	2.82
Zydus Lifesciences Ltd.	Pharmaceuticals	4.73	33.3	0.19%	-0.01%	0.24% (Dec 2024)	0.19% (Oct 2025)	34.20 k	0.00	Mid Cap	8.39
# Dalmia Bharat Ltd.	Cement & cement products	1.6	32.7	0.19%	0.19%	0.19% (Oct 2025)	0% (Nov 2024)	15.60 k	15.60 k	Mid Cap	8.39
Laurus Labs Ltd.	Pharmaceuticals	4.73	30.9	0.18%	0.02%	0.18% (Jul 2025)	0% (Nov 2024)	32.43 k	0.00	Other	17.37
Schloss Bangalore Ltd.	Hotels & resorts	0.18	30.4	0.18%	0.00%	0.18% (Oct 2025)	0% (Nov 2024)	70.00 k	0.00	Other	17.37
Mankind Pharma Ltd.	Pharmaceuticals	4.73	28.7	0.17%	-0.01%	0.36% (Mar 2025)	0% (Nov 2024)	12.03 k	0.00	Other	17.37
Deepak Nitrite Ltd.	Specialty chemicals	0.62	28.3	0.16%	-0.02%	0.24% (Mar 2025)	0% (Nov 2024)	16.37 k	0.00	Small Cap	2.82
Asian Paints (india) Ltd.	Paints	0.15	25.7	0.15%	0.00%	0.16% (Apr 2025)	0% (Nov 2024)	10.25 k	0.00	Large Cap	37.47
- Greenply Industries Ltd.	Plywood boards/ laminates	0.47	24.4	0.14%	0.00%	0.2% (Nov 2024)	0.14% (Oct 2025)	79.80 k	0.00	Small Cap	2.82
HDB Financial Services Ltd.	Non banking financial company (nbfc)	2.19	24	0.14%	-0.01%	0.16% (Jul 2025)	0% (Nov 2024)	32.84 k	0.00	Other	17.37
Westlife Development Ltd.	Restaurants	0.14	23.9	0.14%	-0.03%	0.2% (Jun 2025)	0% (Nov 2024)	40.20 k	0.00	Small Cap	2.82
MRF Ltd.	Tyres & rubber products	0.14	23.6	0.14%	0.01%	0.14% (Oct 2025)	0% (Nov 2024)	150.00	0.00	Mid Cap	8.39
- KFIN Technologies Ltd.	Financial technology (fintech)	0.12	21	0.12%	0.00%	0.4% (Dec 2024)	0.12% (Sep 2025)	19.12 k	0.00	Other	17.37
Grasim Industries Limited	Cement & cement products	1.6	19.3	0.11%	-0.07%	0.32% (Jan 2025)	0% (Nov 2024)	6.67 k	-4.50 k	Large Cap	37.47
- Dabur India Ltd.	Personal care	0.45	17.1	0.10%	0.00%	0.14% (Jan 2025)	0.1% (Oct 2025)	35.00 k	0.00	Large Cap	37.47
Oberoi Realty Ltd.	Residential, commercial projects	1.18	16.8	0.10%	0.01%	0.1% (Jul 2025)	0% (Nov 2024)	9.45 k	0.00	Mid Cap	8.39
- Indian Oil Corporation Ltd.	Refineries & marketing	2.34	16.2	0.09%	0.01%	0.09% (Oct 2025)	0% (Nov 2024)	97.50 k	0.00	Large Cap	37.47
- United Spirits Ltd.	Breweries & distilleries	0.09	16	0.09%	0.00%	0.13% (Dec 2024)	0.09% (Sep 2025)	11.20 k	0.00	Large Cap	37.47
- UPL Ltd.	Pesticides & agrochemicals	0.15	14.6	0.08%	0.00%	0.08% (Oct 2025)	0% (Nov 2024)	20.33 k	0.00	Large Cap	37.47
# BSE Ltd.	Exchange and data platform	0.56	13	0.08%	0.08%	0.08% (Oct 2025)	0% (Nov 2024)	5.25 k	5.25 k	Small Cap	2.82
- Crompton Greaves Consumer Electricals Ltd.	Household appliances	0.07	11.9	0.07%	0.00%	0.13% (Nov 2024)	0.07% (Oct 2025)	42.25 k	0.00	Mid Cap	8.39
- Pi Industries Ltd.	Pesticides & agrochemicals	0.15	11.3	0.07%	0.00%	0.09% (Nov 2024)	0.07% (Oct 2025)	3.15 k	0.00	Mid Cap	8.39
Colgate - Palmolive (India) Limited	Personal care	0.45	11.1	0.06%	0.00%	0.07% (Aug 2025)	0% (Nov 2024)	4.95 k	0.00	Large Cap	37.47
Tata Motors Passenger Vehicles Ltd.	Passenger cars & utility vehicles	2.47	10.3	0.06%	-0.54%	1.3% (Nov 2024)	0.06% (Oct 2025)	25.06 k	-1.21 L	Large Cap	37.47
- Bajaj Auto Ltd.	2/3 wheelers	1.14	10	0.06%	0.00%	0.06% (Aug 2025)	0% (Nov 2024)	1.13 k	0.00	Large Cap	37.47
# TML Commercial Vehicles Ltd.	Commercial vehicles	0.04	6.5	0.04%	0.04%	0.04% (Oct 2025)	0% (Nov 2024)	25.06 k	25.06 k	Other	17.37
- Gateway Rail Freight Ltd.	Logistics solution provider	0.23	2.5	0.01%	0.00%	0.02% (Nov 2024)	0.01% (Sep 2025)	39.00 k	0.00	Other	17.37
- Max Healthcare Institute Ltd.	Hospital	0.21	1.8	0.01%	0.00%	0.01% (Jul 2025)	0% (Nov 2024)	1.58 k	0.00	Other	17.37
# TVS Motor Company Ltd. - Preference Shares	2/3 wheelers	1.14	1	0.01%	0.00%	0% (Dec 2025)	0% (Dec 2025)	1.03 L	0.00	Other	17.37
Bharat Forge Ltd.	Castings & forgings		26.1	0.00%	-0.16%	-	-	-	-	Mid Cap	8.39
Adani Wilmar Ltd.	Edible oil		36.6	0.00%	-0.22%	-	-	-	-	Other	17.37
Havells India Ltd.	Consumer electronics	0.48	60.8	0.00%	-0.36%	-	-	-	-	Large Cap	37.47
Go Fashion (India) Ltd.	Speciality retail	0.48	28.3	0.00%	-0.17%	-	-	-	-	Other	17.37
Bond - Mahanagar Telephone Nigam Ltd.	Telecom - cellular & fixed line services	1.48	67.2	0.00%	-0.40%	-	-	-	-	Other	17.37
Bond - Punjab National Bank	Public sector bank	3.34	741.7	0.00%	-4.44%	-	-	-	-	Other	17.37
Bond - Union Bank Of India	Public sector bank	3.34	742.4	0.00%	-4.45%	-	-	-	-	Other	17.37

- 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
# Bond - Bharti Telecom Ltd.	Telecom - equipment & accessories	250.6	1.45%	1.45%	0% (Dec 2025)	0% (Dec 2025)	25.00 L	2500000
# Swiggy Ltd.	E-retail/ e-commerce	34.9	0.20%	0.20%	0.2% (Oct 2025)	0% (Nov 2024)	85.00 k	85000
# HDFC Life Insurance Company Ltd.	Life insurance	121.6	0.70%	0.70%	0.7% (Oct 2025)	0% (Nov 2024)	1.66 L	166100
# TML Commercial Vehicles Ltd.	Commercial vehicles	6.5	0.04%	0.04%	0.04% (Oct 2025)	0% (Nov 2024)	25.06 k	25063
# LG Electronics India Pvt. Ltd.	Consumer electronics	84	0.48%	0.48%	0.48% (Oct 2025)	0% (Nov 2024)	50.48 k	50482
# BSE Ltd.	Exchange and data platform	13	0.08%	0.08%	0.08% (Oct 2025)	0% (Nov 2024)	5.25 k	5250
# Bond - Piramal Finance Ltd.	Non banking financial company (nbfc)	250.3	1.44%	1.44%	0% (Dec 2025)	0% (Dec 2025)	25.00 L	2500000
# Dalmia Bharat Ltd.	Cement & cement products	32.7	0.19%	0.19%	0.19% (Oct 2025)	0% (Nov 2024)	15.60 k	15600

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
Bharat Forge Ltd.	Castings & forgings	26.1	0.00%	-0.16%	0.16% (Jul 2025)	0% (Nov 2024)	-21500
Adani Wilmar Ltd.	Edible oil	36.6	0.00%	-0.22%	0.27% (Jan 2025)	0% (Nov 2024)	-140000
Havells India Ltd.	Consumer electronics	60.8	0.00%	-0.36%	0.46% (Jan 2025)	0% (Nov 2024)	-40469
Go Fashion (India) Ltd.	Speciality retail	28.3	0.00%	-0.17%	0.34% (Nov 2024)	0% (Nov 2024)	-41980
Bond - Mahanagar Telephone Nigam Ltd.	Telecom - cellular & fixed line services	67.2	0.00%	-0.40%	0% (Dec 2025)	0% (Dec 2025)	-700000
Bond - Punjab National Bank	Public sector bank	741.7	0.00%	-4.44%	0% (Dec 2025)	0% (Dec 2025)	-7500000
Bond - Union Bank Of India	Public sector bank	742.4	0.00%	-4.45%	0% (Dec 2025)	0% (Dec 2025)	-7500000

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.	4.55%	4.45%	4.61%	5.01%	5.19%	4.96%	4.73%	4.48%	4.40%	4.13%	3.01%	3.02%	2.86%
ICICI Bank Ltd.	2.65%	2.44%	2.62%	2.85%	2.90%	3.13%	3.18%	3.10%	2.87%	2.86%	2.59%	2.60%	2.62%
Tata Consultancy Services Ltd.	1.41%	1.38%	1.53%	1.54%	1.83%	1.92%	1.97%	2.12%	3.72%	4.11%	4.00%	4.05%	3.82%
State Bank Of India	2.86%	2.81%	2.82%	2.88%	1.99%	2.06%	1.95%	1.97%	1.82%	1.96%	1.82%	1.90%	1.89%
Reliance Industries Ltd.	1.98%	1.89%	1.94%	2.04%	2.40%	2.37%	2.41%	2.26%	2.20%	1.77%	1.71%	1.73%	1.81%
Axis Bank Ltd.	1.75%	1.67%	1.59%	1.67%	1.96%	2.03%	2.08%	1.99%	1.90%	1.77%	1.40%	1.32%	1.36%
Bharti Airtel Ltd.	1.48%	1.50%	1.56%	1.62%	1.78%	1.71%	1.87%	1.86%	1.75%	1.74%	1.59%	1.59%	1.60%
Mahindra & Mahindra Ltd.	1.66%	1.69%	1.63%	1.67%	1.74%	1.70%	1.72%	1.61%	1.62%	1.64%	1.55%	1.47%	1.37%
Larsen & Toubro Ltd.	1.61%	1.52%	1.55%	1.60%	1.57%	1.64%	1.53%	1.28%	1.76%	1.48%	1.51%	1.54%	1.53%
Kotak Mahindra Bank Ltd.	1.48%	1.45%	1.33%	1.38%	1.37%	1.37%	1.50%	1.52%	1.79%	1.81%	1.71%	1.67%	1.67%
Infosys Ltd.	1.08%	1.09%	1.29%	1.36%	1.34%	1.37%	1.45%	1.39%	1.55%	1.65%	1.61%	1.58%	1.52%
Coal India Ltd.	0.39%	1.16%	1.15%	1.15%	1.26%	1.43%	1.43%	1.52%	1.54%	1.47%	1.33%	1.43%	1.52%
Ambuja Cements Ltd.	1.06%	1.11%	1.14%	1.23%	1.25%	1.25%	1.25%	1.34%	1.20%	1.26%	1.33%	1.21%	1.28%
Dixon Technologies (India) Ltd.	-	-	-	-	-	-	-	-	-	-	1.37%	1.20%	1.08%
National Thermal Power Corporation Ltd.	1.03%	1.08%	1.08%	1.13%	1.18%	1.23%	1.34%	1.40%	1.38%	1.16%	1.01%	1.09%	1.24%

No of Debt Holding 28 (Category Avg - 15.96) | Modified Duration 2.51 Years (Category Avg - 2.57)| Yield to Maturity 6.04% (Category Avg - 6.39%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	11.57%	8.94%
CD	0.00%	0.37%
T-Bills	0.00%	0.55%
CP	5.43%	0.43%
NCD & Bonds	11.51%	7.62%
PTC	0.00%	0.17%

Category - Equity Savings

Security Type	% Weight	Category Average
Government Backed	11.57%	9.49%
Low Risk	16.94%	8.46%
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 - Equity Savings

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

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Hindalco Industries Ltd.	CP	Aluminium	P1+	CRISIL	691.25	3.99%	70.00 L
Bond - Govt of India	GOI	Other			273.67	1.58%	27.00 L
Bond - Govt of India	GOI	Other			261.79	1.51%	25.00 L
Bond - Govt of India	GOI	Other			259.22	1.50%	25.00 L
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	254.44	1.47%	25.00 L
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	252.07	1.46%	25.00 L
Bond - Bharti Telecom Ltd.	NCD & Bonds	Telecom - equipment & accessories	AAA	CRISIL	250.62	1.45%	25.00 L
Bond - Piramal Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA	ICRA	250.25	1.44%	25.00 L
Bond - Bajaj Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	250.10	1.44%	25.00 L
Bond - Govt of India	GOI	Other			249.99	1.44%	25.00 L
Bond - JIO Credit Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	249.45	1.44%	25.00 L
Bond - Govt of India	GOI	Other			247.00	1.43%	25.00 L
Bond - Govt of India	GOI	Other			205.73	1.19%	20.00 L
Bond - Govt of India	GOI	Other			200.94	1.16%	20.00 L
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	152.38	0.88%	15.00 L
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	LAAA	ICRA	122.22	0.71%	12.00 L
Bond - Govt of India	GOI	Other			103.92	0.60%	10.00 L
Bond - Govt of India	GOI	Other			103.85	0.60%	10.00 L
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	101.42	0.59%	10.00 L
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	91.45	0.53%	9.00 L
Bond - Bajaj Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	76.63	0.44%	7.50 L
Bond - Bajaj Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	50.23	0.29%	5.00 L
Bond - Muthoot Finance Pvt. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA+	ICRA	50.18	0.29%	5.00 L
Bond - Govt of India	GOI	Other			50.15	0.29%	5.00 L
Bond - Govt of India	GOI	Other			47.47	0.27%	5.00 L
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	LAAA	ICRA	45.82	0.26%	4.50 L
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	35.21	0.20%	3.50 L
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	LAAA	ICRA	10.29	0.06%	1.00 L