Mirae Asset Multi Asset Allocation 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.

Portfolio Turnover Ratio : 266.00%. Category average turnover ratio is 225.27%. 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 : 66.57% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 66.57%

No of Stocks : 120 (Category Avg - 62.48) | Large Cap Investments : 37.84%| Mid Cap Investments : 6.58% | Small Cap Investments : 4.2% | Other : 17.9%

Portfolio Summary (as on 30th Sep,2025)

Particulars	This Scheme	Category
No. of Stocks	120	62.5
Top 5 Stock Weight	14.92%	16.13%
Top 10 Stock Weight	22.99%	24.62%
Top 3 Sector Weight	19.96%	18.62%

Category - Multi Asset Allocation

Particulars	This Scheme	Category
Average mcap (Cr)	81641.03	72383.84
Holdings in large cap stocks	37.84%	30.26%
Holdings in mid cap stocks	6.58%	5.93%
Holdings in small cap stocks	4.2%	4.23%

Category - Multi Asset Allocation

Top 10 Stocks holding in Portfolio (as on 30th Sep,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	1267	5.34%	-0.09%	5.71% (Jun 2025)	4.28% (Dec 2024)	13.32 L	60.00 k
State Bank Of India	Public sector bank	730.9	3.08%	0.06%	3.08% (Sep 2025)	2.02% (Feb 2025)	8.38 L	0.00
ICICI Bank Ltd.	Private sector bank	643.2	2.71%	-0.17%	3.43% (Apr 2025)	2.51% (Dec 2024)	4.77 L	17.50 k
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	461.9	1.95%	-0.14%	2.52% (Mar 2025)	1.95% (Sep 2025)	2.46 L	0.00
ITC Limited	Diversified fmcg	437	1.84%	0.18%	1.84% (Sep 2025)	0.68% (Feb 2025)	10.88 L	1.85 L
Reliance Industries Ltd.	Refineries & marketing	429.9	1.81%	-0.11%	2.1% (Feb 2025)	1.81% (Nov 2024)	3.15 L	0.00
Infosys Ltd.	Computers - software & consulting	402.3	1.70%	-0.38%	2.48% (Jan 2025)	1.7% (Sep 2025)	2.79 L	-0.36 L
Larsen & Toubro Ltd.	Civil construction	391.9	1.65%	-0.08%	1.81% (Feb 2025)	1.43% (Apr 2025)	1.07 L	0.00
Eternal Ltd.	E-retail/ e-commerce	351.4	1.48%	0.30%	1.48% (Sep 2025)	0.48% (Mar 2025)	10.80 L	2.43 L
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	338.8	1.43%	0.01%	1.51% (Apr 2025)	1.01% (Dec 2024)	98.85 k	0.00

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

View complete holding

Complete equity Portfolio (as on 30th Sep,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	11.54	1267	5.34%	-0.09%	5.71% (Jun 2025)	4.28% (Dec 2024)	13.32 L	60.00 k	Other	17.9
State Bank Of India	Public sector bank	3.52	730.9	3.08%	0.06%	3.08% (Sep 2025)	2.02% (Feb 2025)	8.38 L	0.00	Large Cap	37.84
ICICI Bank Ltd.	Private sector bank	11.54	643.2	2.71%	-0.17%	3.43% (Apr 2025)	2.51% (Dec 2024)	4.77 L	17.50 k	Large Cap	37.84
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	1.95	461.9	1.95%	-0.14%	2.52% (Mar 2025)	1.95% (Sep 2025)	2.46 L	0.00	Large Cap	37.84
ITC Limited	Diversified fmcg	2.25	437	1.84%	0.18%	1.84% (Sep 2025)	0.68% (Feb 2025)	10.88 L	1.85 L	Large Cap	37.84
Reliance Industries Ltd.	Refineries & marketing	2.29	429.9	1.81%	-0.11%	2.1% (Feb 2025)	1.81% (Nov 2024)	3.15 L	0.00	Large Cap	37.84
Infosys Ltd.	Computers - software & consulting	4.9	402.3	1.70%	-0.38%	2.48% (Jan 2025)	1.7% (Sep 2025)	2.79 L	-0.36 L	Large Cap	37.84
Larsen & Toubro Ltd.	Civil construction	2.36	391.9	1.65%	-0.08%	1.81% (Feb 2025)	1.43% (Apr 2025)	1.07 L	0.00	Large Cap	37.84
Eternal Ltd.	E-retail/ e-commerce	1.48	351.4	1.48%	0.30%	1.48% (Sep 2025)	0.48% (Mar 2025)	10.80 L	2.43 L	Other	17.9
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	2.64	338.8	1.43%	0.01%	1.51% (Apr 2025)	1.01% (Dec 2024)	98.85 k	0.00	Large Cap	37.84
National Thermal Power Corporation Ltd.	Power generation	2.31	328	1.38%	-0.03%	1.62% (Feb 2025)	1.08% (Dec 2024)	9.63 L	0.00	Large Cap	37.84
Axis Bank Ltd.	Private sector bank	11.54	299.1	1.26%	0.02%	2.14% (Feb 2025)	1.24% (Aug 2025)	2.64 L	0.00	Large Cap	37.84
Indus Towers Ltd.	Telecom - infrastructure	1.22	288.5	1.22%	0.04%	1.22% (Sep 2025)	0.77% (Feb 2025)	8.41 L	70.00 k	Large Cap	37.84
Kotak Mahindra Bank Ltd.	Private sector bank	11.54	278.2	1.17%	-0.06%	1.31% (Jan 2025)	0.82% (Jun 2025)	1.40 L	0.00	Large Cap	37.84
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	1.12	266	1.12%	0.20%	1.32% (Oct 2024)	0.59% (Feb 2025)	34.11 k	6.25 k	Small Cap	4.2
Tata Consultancy Services Ltd.	Computers - software & consulting	4.9	253.2	1.07%	-0.15%	1.64% (Jan 2025)	1.07% (Sep 2025)	87.66 k	0.00	Large Cap	37.84
Vedanta Ltd.	Diversified metals	1.04	247.7	1.04%	0.34%	1.04% (Sep 2025)	0.65% (Jan 2025)	5.32 L	1.59 L	Large Cap	37.84
Ambuja Cements Ltd.	Cement & cement products	2.04	245.6	1.04%	-0.05%	1.35% (Dec 2024)	0.91% (Oct 2024)	4.31 L	0.00	Large Cap	37.84
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	2.64	216.9	0.91%	0.02%	1% (Oct 2024)	0% (Oct 2024)	13.53 k	0.00	Large Cap	37.84
Bajaj Finance Ltd.	Non banking financial company (nbfc)	2.1	205	0.86%	0.06%	1.06% (Feb 2025)	0% (Oct 2024)	2.05 L	0.00	Other	17.9
Shriram Finance Ltd.	Non banking financial company (nbfc)	2.1	203.1	0.86%	0.08%	1.49% (Oct 2024)	0.78% (Aug 2025)	3.30 L	30.00 k	Other	17.9
Bharat Electronics Ltd.	Aerospace & defense	1.14	194.2	0.82%	0.06%	0.82% (Sep 2025)	0.48% (Dec 2024)	4.81 L	25.00 k	Mid Cap	6.58
SBI Life Insurance Co Ltd.	Life insurance	0.81	192.9	0.81%	0.04%	0.88% (Jul 2025)	0.54% (Nov 2024)	1.08 L	12.50 k	Large Cap	37.84
Coal India Ltd.	Coal	0.79	186.2	0.79%	-0.02%	0.97% (Mar 2025)	0.72% (Jul 2025)	4.77 L	0.00	Large Cap	37.84
HCL Technologies Limited	Computers - software & consulting	4.9	177	0.75%	-0.09%	1.03% (Dec 2024)	0.01% (Oct 2024)	1.28 L	0.00	Large Cap	37.84
J S W Energy Ltd.	Power generation	2.31	175.5	0.74%	0.21%	0.79% (Mar 2025)	0% (Oct 2024)	3.31 L	91.00 k	Mid Cap	6.58
Hindalco Industries Ltd.	Aluminium	0.73	173.5	0.73%	0.01%	1.16% (Oct 2024)	0.71% (Jul 2025)	2.28 L	0.00	Large Cap	37.84
Interarch Building Products Ltd.	Civil construction	2.36	168.2	0.71%	-0.11%	1% (May 2025)	0.71% (Mar 2025)	87.79 k	0.00	Other	17.9
Glenmark Pharmaceuticals Ltd.	Pharmaceuticals	3.06	147.2	0.62%	-0.03%	0.74% (Jul 2025)	0.54% (Apr 2025)	75.38 k	0.00	Mid Cap	6.58
TVS Motor Company Ltd.	2/3 wheelers	0.97	146.1	0.62%	-0.01%	0.84% (Apr 2025)	0.24% (Dec 2024)	42.49 k	0.00	Mid Cap	6.58
GAIL (India) Ltd.	Gas transmission/marketing	0.68	139.4	0.59%	-0.03%	0.89% (Nov 2024)	0.41% (Dec 2024)	7.91 L	0.00	Large Cap	37.84
TD Power Systems Ltd.	Heavy electrical equipment	0.96	137.4	0.58%	0.06%	0.61% (May 2025)	0.39% (Oct 2024)	2.32 L	0.00	Other	17.9
Varun Beverages Ltd.	Other beverages	0.57	134.6	0.57%	0.12%	0.57% (Sep 2025)	0.24% (Oct 2024)	3.03 L	1.00 L	Other	17.9
Indian Hotels Company Limited	Hotels & resorts	0.82	130.4	0.55%	0.16%	0.56% (Dec 2024)	0.39% (Jul 2025)	1.81 L	67.00 k	Mid Cap	6.58
Ultratech Cement Ltd.	Cement & cement products	2.04	123.4	0.52%	0.23%	0.52% (Sep 2025)	0% (Oct 2024)	10.10 k	5.00 k	Large Cap	37.84
Century Plyboards India Ltd.	Plywood boards/ laminates	0.51	121.5	0.51%	0.01%	0.58% (May 2025)	0.36% (Oct 2024)	1.49 L	0.00	Small Cap	4.2
Brigade Enterprises Ltd.	Residential, commercial projects	0.7	121.3	0.51%	-0.05%	0.92% (Nov 2024)	0.51% (Sep 2025)	1.35 L	0.00	Small Cap	4.2
Craftsman Automation Ltd.	Auto components & equipments	0.92	120.7	0.51%	-0.04%	0.55% (Aug 2025)	0.4% (Oct 2024)	17.77 k	0.00	Other	17.9
Indusind Bank Ltd.	Private sector bank	11.54	118.8	0.50%	-0.04%	0.59% (Jul 2025)	0.24% (Mar 2025)	1.62 L	0.00	Large Cap	37.84
Oil & Natural Gas Corporation Ltd.	Oil exploration & production	0.5	118.2	0.50%	0.09%	0.52% (Oct 2024)	0.41% (Aug 2025)	4.93 L	1.00 L	Large Cap	37.84
Divis Laboratories Ltd.	Pharmaceuticals	3.06	116.8	0.49%	-0.07%	0.57% (Aug 2025)	0.22% (Oct 2024)	20.54 k	0.00	Large Cap	37.84
Bharat Petroleum Corporation Ltd.	Refineries & marketing	2.29	113.9	0.48%	0.02%	0.54% (Apr 2025)	0.27% (Feb 2025)	3.35 L	0.00	Large Cap	37.84
Grasim Industries Limited	Cement & cement products	2.04	112.6	0.48%	-0.03%	0.64% (Jan 2025)	0.27% (Dec 2024)	40.85 k	0.00	Large Cap	37.84
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	3.06	111.1	0.47%	0.08%	0.47% (Sep 2025)	0% (Oct 2024)	69.71 k	15.00 k	Large Cap	37.84
Tata Steel Ltd.	Iron & steel products	0.63	107.9	0.46%	0.01%	0.49% (Jun 2025)	0.16% (Apr 2025)	6.39 L	0.00	Other	17.9
InterGlobe Aviation Ltd.	Airline	0.45	107.5	0.45%	-0.06%	1.05% (Feb 2025)	0.45% (Sep 2025)	19.21 k	-1.05 k	Large Cap	37.84
Vishal Mega Mart Ltd.	Diversified retail	0.76	105	0.44%	-0.03%	0.47% (Aug 2025)	0% (Oct 2024)	7.05 L	0.00	Other	17.9
- Adani Ports And Special Economic Zone Ltd.	Port & port services	0.43	101.2	0.43%	0.00%	0.61% (May 2025)	0% (Oct 2024)	72.12 k	0.00	Large Cap	37.84
Onesource Specialty Pharma Ltd.	Pharmaceuticals	3.06	99.7	0.42%	-0.04%	0.57% (Jun 2025)	0% (Oct 2024)	54.17 k	360.00	Other	17.9
Hindustan Unilever Ltd.	Diversified fmcg	2.25	98.3	0.41%	-0.05%	0.87% (Apr 2025)	0.41% (Sep 2025)	39.10 k	0.00	Large Cap	37.84
Titan Company Ltd.	Gems, jewellery and watches	0.41	97.1	0.41%	-0.06%	0.56% (Jan 2025)	0.41% (Sep 2025)	28.83 k	0.00	Large Cap	37.84
Schaeffler India Ltd.	Auto components & equipments	0.92	96.8	0.41%	0.01%	0.48% (May 2025)	0% (Oct 2024)	22.99 k	0.00	Other	17.9
Havells India Ltd.	Consumer electronics	0.47	96	0.41%	-0.03%	0.55% (Nov 2024)	0.32% (Oct 2024)	63.94 k	0.00	Large Cap	37.84
Care Ratings Ltd.	Ratings	0.4	95.1	0.40%	-0.04%	0.44% (Aug 2025)	0.17% (Feb 2025)	62.38 k	0.00	Small Cap	4.2
International Gemmological Institute India Pvt Ltd.	Diversified commercial services	0.39	92.2	0.39%	-0.01%	0.83% (Dec 2024)	0% (Oct 2024)	2.67 L	0.00	Other	17.9
LTIMindtree Ltd.	Computers - software & consulting	4.9	89.7	0.38%	-0.02%	0.57% (Jan 2025)	0.38% (Sep 2025)	17.40 k	0.00	Mid Cap	6.58
Nestle India Ltd.	Packaged foods	0.62	88.8	0.37%	0.20%	0.37% (Sep 2025)	0% (Oct 2024)	77.00 k	42.50 k	Other	17.9
Godrej Consumer Products Ltd	Personal care	0.42	87.4	0.37%	-0.34%	0.99% (Apr 2025)	0.37% (Sep 2025)	74.89 k	-0.52 L	Large Cap	37.84
Deepak Nitrite Ltd.	Specialty chemicals	0.62	82.7	0.35%	-0.01%	0.38% (Jul 2025)	0% (Oct 2024)	45.07 k	0.00	Small Cap	4.2
# UPL Ltd.	Pesticides & agrochemicals	0.34	80.9	0.34%	0.34%	0.34% (Sep 2025)	0% (Oct 2024)	1.23 L	1.23 L	Large Cap	37.84
Aurobindo Pharma Ltd.	Pharmaceuticals	3.06	78.1	0.33%	-0.11%	0.71% (Dec 2024)	0.33% (Sep 2025)	72.07 k	-0.22 L	Large Cap	37.84
- Bajaj Finserv Ltd	Holding company	0.33	77.3	0.33%	0.00%	0.42% (Mar 2025)	0.33% (Sep 2025)	38.50 k	0.00	Other	17.9
- Hindustan Aeronautics Ltd.	Aerospace & defense	1.14	76.9	0.32%	0.01%	0.41% (Nov 2024)	0.29% (Feb 2025)	16.20 k	0.00	Other	17.9
Avenue Supermarts Ltd.	Diversified retail	0.76	76.1	0.32%	-0.04%	0.36% (Aug 2025)	0.21% (Nov 2024)	16.99 k	0.00	Large Cap	37.84
Power Finance Corporation Ltd.	Financial institution	0.59	75.7	0.32%	0.00%	0.52% (Nov 2024)	0.31% (Aug 2025)	1.85 L	0.00	Mid Cap	6.58
Sai Life Sciences Ltd.	Petrochemicals	0.31	73.2	0.31%	0.05%	0.31% (Sep 2025)	0% (Oct 2024)	85.00 k	15.00 k	Other	17.9
ABB India Ltd.	Heavy electrical equipment	0.96	71.9	0.30%	-0.01%	0.42% (May 2025)	0% (Oct 2024)	13.88 k	0.00	Large Cap	37.84
Sagility India Ltd.	It enabled services	0.3	71.1	0.30%	-0.03%	0.47% (Dec 2024)	0% (Oct 2024)	16.67 L	0.00	Other	17.9
Tata Motors Ltd.	Passenger cars & utility vehicles	2.64	70.8	0.30%	-0.01%	1.12% (Nov 2024)	0.3% (Sep 2025)	1.04 L	0.00	Large Cap	37.84
Zensar Technologies Ltd.	Computers - software & consulting	4.9	69.5	0.29%	-0.02%	0.54% (Jan 2025)	0.29% (Sep 2025)	91.02 k	0.00	Small Cap	4.2
Atul Ltd.	Specialty chemicals	0.62	64.8	0.27%	-0.02%	0.4% (May 2025)	0.15% (Feb 2025)	10.70 k	142.00	Mid Cap	6.58
Adani Wilmar Ltd.	Edible oil	0.27	64.6	0.27%	-0.01%	0.35% (Apr 2025)	0% (Oct 2024)	2.47 L	0.00	Other	17.9
Schloss Bangalore Ltd.	Hotels & resorts	0.82	64	0.27%	0.10%	0.27% (Sep 2025)	0% (Oct 2024)	1.55 L	60.41 k	Other	17.9
Mahanagar Gas Ltd.	Lpg/cng/png/lng supplier	0.26	62.2	0.26%	-0.01%	0.37% (Jan 2025)	0% (Oct 2024)	47.99 k	0.00	Small Cap	4.2
- Westlife Development Ltd.	Restaurants	0.25	60	0.25%	0.00%	0.25% (Sep 2025)	0% (Oct 2024)	87.21 k	10.00 k	Small Cap	4.2
# Britannia Industries Ltd.	Packaged foods	0.62	59.9	0.25%	0.25%	0.25% (Sep 2025)	0% (Oct 2024)	10.00 k	10.00 k	Large Cap	37.84
Tech Mahindra Ltd.	Computers - software & consulting	4.9	59.9	0.25%	-0.03%	0.34% (Jun 2025)	0% (Oct 2024)	42.75 k	0.00	Large Cap	37.84
LIC Housing Finance Ltd.	Housing finance company	0.25	58.4	0.25%	-0.01%	0.57% (Oct 2024)	0.25% (Sep 2025)	1.03 L	0.00	Mid Cap	6.58
MRF Ltd.	Tyres & rubber products	0.25	58.3	0.25%	0.09%	0.25% (Sep 2025)	0% (Oct 2024)	400.00	150.00	Mid Cap	6.58
Bank Of Baroda	Public sector bank	3.52	57.5	0.24%	0.01%	0.6% (Apr 2025)	0.23% (Aug 2025)	2.22 L	0.00	Large Cap	37.84
GO Digit General Insurance Ltd.	General insurance	0.44	56.4	0.24%	-0.02%	0.32% (Nov 2024)	0.24% (Sep 2025)	1.63 L	0.00	Other	17.9
HDB Financial Services Ltd.	Non banking financial company (nbfc)	2.1	52.8	0.22%	-0.02%	0.25% (Aug 2025)	0% (Oct 2024)	70.34 k	0.00	Other	17.9
- IDFC First Bank Ltd.	Private sector bank	11.54	51.1	0.22%	-0.01%	0.23% (Jul 2025)	0% (Oct 2024)	7.33 L	0.00	Mid Cap	6.58
- Rural Electrification Corporation Limited	Financial institution	0.59	50.7	0.21%	0.00%	0.32% (Mar 2025)	0.19% (Feb 2025)	1.36 L	0.00	Mid Cap	6.58
Mankind Pharma Ltd.	Pharmaceuticals	3.06	50.1	0.21%	-0.02%	0.42% (Mar 2025)	0% (Oct 2024)	20.57 k	0.00	Other	17.9
# Coforge Ltd.	Computers - software & consulting	4.9	48.9	0.21%	0.21%	0.21% (Sep 2025)	0% (Oct 2024)	30.75 k	30.75 k	Other	17.9
# Adani Energy Solutions Ltd.	Power - transmission	0.21	48.9	0.21%	0.21%	0.21% (Sep 2025)	0% (Oct 2024)	56.03 k	56.03 k	Mid Cap	6.58
J.b. Chemicals & Pharmaceuticals Ltd.	Pharmaceuticals	3.06	48.6	0.20%	-0.02%	0.27% (Feb 2025)	0.05% (Nov 2024)	28.41 k	0.00	Other	17.9
Canara Bank	Public sector bank	3.52	48.4	0.20%	0.02%	0.2% (Sep 2025)	0% (Oct 2024)	3.92 L	0.00	Other	17.9
Go Fashion (India) Ltd.	Speciality retail	0.37	48.4	0.20%	-0.02%	0.47% (Oct 2024)	0.2% (Sep 2025)	71.80 k	0.00	Other	17.9
General Insurance Corporation of India	General insurance	0.44	47.9	0.20%	0.05%	0.24% (Dec 2024)	0.15% (Aug 2025)	1.30 L	35.00 k	Large Cap	37.84
# Adani Green Energy Ltd.	Power generation	2.31	46.2	0.19%	0.19%	0.19% (Sep 2025)	0% (Oct 2024)	45.00 k	45.00 k	Small Cap	4.2
Federal Bank Ltd.	Private sector bank	11.54	45.3	0.19%	-0.01%	0.61% (Oct 2024)	0.19% (Sep 2025)	2.35 L	0.00	Mid Cap	6.58
Eicher Motors Ltd.	2/3 wheelers	0.97	43.8	0.18%	0.01%	0.88% (Feb 2025)	0.17% (Aug 2025)	6.26 k	0.00	Other	17.9
- Arvind Ltd.	Garments & apparels	0.18	43.7	0.18%	0.00%	0.33% (Dec 2024)	0.18% (Aug 2025)	1.44 L	0.00	Small Cap	4.2
Trent Limited	Speciality retail	0.37	41.2	0.17%	-0.04%	0.36% (Oct 2024)	0.17% (Sep 2025)	8.80 k	0.00	Mid Cap	6.58
Laurus Labs Ltd.	Pharmaceuticals	3.06	41	0.17%	-0.01%	0.19% (Jul 2025)	0% (Oct 2024)	48.70 k	0.00	Other	17.9
Krishna Institute of Medical Sciences Ltd.	Hospital	0.22	39.8	0.17%	-0.02%	0.2% (Mar 2025)	0% (Oct 2024)	56.82 k	0.00	Other	17.9
# Steel Authority Of India Ltd.	Iron & steel products	0.63	39.2	0.17%	0.17%	0.17% (Sep 2025)	0% (Oct 2024)	2.91 L	2.91 L	Mid Cap	6.58
DLF Ltd.	Residential, commercial projects	0.7	38.8	0.16%	-0.02%	0.26% (Oct 2024)	0.16% (Sep 2025)	54.45 k	0.00	Large Cap	37.84
Jio Financial Services Ltd.	Non banking financial company (nbfc)	2.1	37.2	0.16%	-0.02%	0.2% (Jun 2025)	0% (Oct 2024)	1.27 L	0.00	Other	17.9
Bajaj Auto Ltd.	2/3 wheelers	0.97	37.1	0.16%	-0.01%	0.24% (Oct 2024)	0.16% (Sep 2025)	4.28 k	0.00	Large Cap	37.84
- Gland Pharma Ltd.	Pharmaceuticals	3.06	36.3	0.15%	0.00%	0.48% (Dec 2024)	0.15% (Sep 2025)	18.24 k	0.00	Other	17.9
Indian Railway Catering and Tourism Corporation Ltd.	Tour, travel related services	0.15	36.2	0.15%	-0.01%	0.25% (Oct 2024)	0.15% (Sep 2025)	51.63 k	0.00	Other	17.9
# RBL Bank Ltd.	Private sector bank	11.54	35.2	0.15%	0.15%	0.15% (Sep 2025)	0% (Oct 2024)	1.27 L	1.27 L	Mid Cap	6.58
Mphasis Ltd.	Computers - software & consulting	4.9	31.9	0.13%	-0.02%	0.26% (Mar 2025)	0% (Oct 2024)	12.00 k	0.00	Mid Cap	6.58
Bharat Forge Ltd.	Castings & forgings	0.13	30.3	0.13%	0.00%	0.13% (Jul 2025)	0% (Oct 2024)	25.00 k	0.00	Mid Cap	6.58
# Persistent Systems Ltd.	Computers - software & consulting	4.9	28.5	0.12%	0.12%	0.12% (Sep 2025)	0% (Oct 2024)	5.90 k	5.90 k	Other	17.9
- Gujarat State Petronet Ltd.	Gas transmission/marketing	0.68	20.4	0.09%	0.00%	0.15% (Oct 2024)	0.09% (Aug 2025)	65.81 k	0.00	Mid Cap	6.58
# Suzlon Energy Ltd.	Heavy electrical equipment	0.96	18.9	0.08%	0.08%	0.08% (Sep 2025)	0% (Oct 2024)	3.44 L	3.44 L	Small Cap	4.2
# PG Electroplast Ltd.	Consumer electronics	0.47	15.1	0.06%	0.06%	0.06% (Sep 2025)	0% (Oct 2024)	30.10 k	30.10 k	Other	17.9
# Housing & Urban Development Corporation Ltd.	Financial institution	0.59	14.3	0.06%	0.06%	0.06% (Sep 2025)	0% (Oct 2024)	63.83 k	63.83 k	Small Cap	4.2
- Tata Power Co. Ltd.	Integrated power utilities	0.06	13.5	0.06%	0.00%	0.09% (Oct 2024)	0.06% (Sep 2025)	34.80 k	0.00	Mid Cap	6.58
# United Spirits Ltd.	Breweries & distilleries	0.06	13.2	0.06%	0.06%	0.06% (Sep 2025)	0% (Oct 2024)	10.00 k	10.00 k	Large Cap	37.84
Dabur India Ltd.	Personal care	0.42	12.3	0.05%	-0.01%	0.29% (Oct 2024)	0.05% (Sep 2025)	25.00 k	0.00	Large Cap	37.84
- Max Healthcare Institute Ltd.	Hospital	0.22	11.7	0.05%	-0.01%	0.06% (Jul 2025)	0% (Oct 2024)	10.50 k	0.00	Other	17.9
# Oberoi Realty Ltd.	Residential, commercial projects	0.7	7.2	0.03%	0.03%	0.03% (Sep 2025)	0% (Oct 2024)	4.55 k	4.55 k	Mid Cap	6.58
- Asian Paints (india) Ltd.	Paints	0.02	4.7	0.02%	0.00%	0.21% (Oct 2024)	0% (Oct 2024)	2.00 k	0.00	Large Cap	37.84
# TVS Motor Company Ltd. - Preference Shares	2/3 wheelers	0.97	1.7	0.01%	0.00%	0% (Nov 2025)	0% (Nov 2025)	1.70 L	0.00	Other	17.9
- HDFC Asset Management Co. Ltd.	Asset management company	0.01	1.7	0.01%	0.00%	0.55% (Mar 2025)	0% (Oct 2024)	300.00	0.00	Large Cap	37.84
HDFC Life Insurance Company Ltd.	Life insurance	0.81	124.8	0.00%	-0.56%	-	-	-	-	Large Cap	37.84
Bond - Godrej Industries Ltd	Animal feed		152.4	0.00%	-0.68%	-	-	-	-	Other	17.9
Cummins India Ltd.	Compressors, pumps & diesel engines		78.8	0.00%	-0.35%	-	-	-	-	Mid Cap	6.58

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

New Stocks added in Portfolio (in 1 month period ending 30th Sep,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Britannia Industries Ltd.	Packaged foods	59.9	0.25%	0.25%	0.25% (Sep 2025)	0% (Oct 2024)	10.00 k	10000
# UPL Ltd.	Pesticides & agrochemicals	80.9	0.34%	0.34%	0.34% (Sep 2025)	0% (Oct 2024)	1.23 L	123305
# PG Electroplast Ltd.	Consumer electronics	15.1	0.06%	0.06%	0.06% (Sep 2025)	0% (Oct 2024)	30.10 k	30100
# Oberoi Realty Ltd.	Residential, commercial projects	7.2	0.03%	0.03%	0.03% (Sep 2025)	0% (Oct 2024)	4.55 k	4550
# Coforge Ltd.	Computers - software & consulting	48.9	0.21%	0.21%	0.21% (Sep 2025)	0% (Oct 2024)	30.75 k	30750
# Persistent Systems Ltd.	Computers - software & consulting	28.5	0.12%	0.12%	0.12% (Sep 2025)	0% (Oct 2024)	5.90 k	5900
# RBL Bank Ltd.	Private sector bank	35.2	0.15%	0.15%	0.15% (Sep 2025)	0% (Oct 2024)	1.27 L	127000
# Adani Green Energy Ltd.	Power generation	46.2	0.19%	0.19%	0.19% (Sep 2025)	0% (Oct 2024)	45.00 k	45000
# Adani Energy Solutions Ltd.	Power - transmission	48.9	0.21%	0.21%	0.21% (Sep 2025)	0% (Oct 2024)	56.03 k	56025
# Suzlon Energy Ltd.	Heavy electrical equipment	18.9	0.08%	0.08%	0.08% (Sep 2025)	0% (Oct 2024)	3.44 L	344000
# United Spirits Ltd.	Breweries & distilleries	13.2	0.06%	0.06%	0.06% (Sep 2025)	0% (Oct 2024)	10.00 k	10000
# Housing & Urban Development Corporation Ltd.	Financial institution	14.3	0.06%	0.06%	0.06% (Sep 2025)	0% (Oct 2024)	63.83 k	63825
# Steel Authority Of India Ltd.	Iron & steel products	39.2	0.17%	0.17%	0.17% (Sep 2025)	0% (Oct 2024)	2.91 L	291400

Stocks removed from Portfolio (in 1 month period ending 30th Sep,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	1M Change in Qty
HDFC Life Insurance Company Ltd.	Life insurance	124.8	0.00%	-0.56%	0.56% (Aug 2025)	0% (Oct 2024)	-161700
Bond - Godrej Industries Ltd	Animal feed	152.4	0.00%	-0.68%	0% (Nov 2025)	0% (Nov 2025)	-1500000
Cummins India Ltd.	Compressors, pumps & diesel engines	78.8	0.00%	-0.35%	0.5% (Oct 2024)	0% (Oct 2024)	-20600

Trend in stock holdings (Top 15 Holding)

Stock	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024	Oct 2024	Sep 2024
HDFC Bank Ltd.	5.34%	5.44%	5.60%	5.71%	5.42%	5.53%	5.29%	5.07%	4.80%	4.28%	4.40%	4.32%	4.47%
ICICI Bank Ltd.	2.71%	2.88%	3.11%	3.18%	3.34%	3.43%	3.36%	3.19%	3.20%	2.51%	2.56%	2.58%	2.58%
State Bank Of India	3.08%	3.02%	2.95%	2.10%	2.18%	2.11%	2.14%	2.02%	2.19%	2.12%	2.27%	2.24%	2.18%
Bharti Airtel Ltd.	1.95%	2.09%	2.15%	2.36%	2.29%	2.51%	2.52%	2.42%	2.32%	2.09%	2.14%	2.15%	2.16%
Infosys Ltd.	1.70%	2.08%	2.17%	1.85%	1.90%	1.99%	2.16%	2.30%	2.48%	2.29%	2.30%	2.21%	2.39%
Reliance Industries Ltd.	1.81%	1.92%	2.00%	1.97%	1.96%	2.02%	1.90%	2.10%	1.93%	1.87%	1.81%	1.90%	2.11%
Larsen & Toubro Ltd.	1.65%	1.73%	1.78%	1.43%	1.51%	1.43%	1.55%	1.81%	1.43%	1.46%	1.74%	1.72%	1.77%
Axis Bank Ltd.	1.26%	1.24%	1.29%	1.52%	1.58%	1.64%	1.58%	2.14%	2.00%	1.57%	1.60%	1.66%	1.76%
Tata Consultancy Services Ltd.	1.07%	1.21%	1.22%	1.45%	1.52%	1.58%	1.49%	1.53%	1.64%	1.52%	1.53%	1.45%	1.58%
National Thermal Power Corporation Ltd.	1.38%	1.42%	1.47%	1.24%	1.30%	1.44%	1.50%	1.62%	1.32%	1.08%	1.19%	1.36%	1.50%
Mahindra & Mahindra Ltd.	1.43%	1.42%	1.45%	1.50%	1.48%	1.51%	1.28%	1.31%	1.31%	1.01%	1.01%	1.03%	0.37%
Shriram Finance Ltd.	0.86%	0.78%	0.86%	1.01%	1.09%	1.18%	1.31%	1.45%	1.24%	1.33%	1.41%	1.49%	1.72%
Ambuja Cements Ltd.	1.04%	1.09%	1.17%	1.19%	1.20%	1.22%	1.31%	1.20%	1.28%	1.35%	0.99%	0.91%	0.95%
ITC Limited	1.84%	1.66%	1.57%	1.07%	0.92%	0.76%	0.76%	0.68%	0.82%	0.89%	1.11%	1.16%	1.24%
Kotak Mahindra Bank Ltd.	1.17%	1.23%	1.26%	0.82%	0.83%	0.92%	0.94%	1.11%	1.31%	1.24%	1.25%	1.24%	1.07%

No of Debt Holding 15 (Category Avg - 17.13) | Modified Duration 2.39 Years (Category Avg - 2.75)| Yield to Maturity 5.97% (Category Avg - 6.52%)

Portfolio Summary (as on 30th Sep,2025)

Security Type	% Weight	Category Average
GOI	3.55%	7.24%
CD	4.18%	0.97%
T-Bills	0.00%	0.66%
CP	0.00%	0.25%
NCD & Bonds	8.73%	8.06%
PTC	0.00%	0.09%

Category - Multi Asset Allocation

Security Type	% Weight	Category Average
Government Backed	3.55%	7.90%
Low Risk	12.91%	9.15%
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 - Multi Asset Allocation

Debt holding in Portfolio (as on 30th Sep,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	990.95	4.18%	1.00 Cr
Bond - Govt of India	GOI	Other			699.35	2.95%	69.25 L
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	LAAA	ICRA	256.25	1.08%	25.00 L
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	254.38	1.07%	25.00 L
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	254.33	1.07%	25.00 L
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	LAAA	ICRA	254.06	1.07%	25.00 L
Bond - Power Grid Corporation of India Ltd.	NCD & Bonds	Power - transmission	AAA	CRISIL	252.95	1.07%	25.00 L
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	LAAA	ICRA	249.04	1.05%	25.00 L
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	203.20	0.86%	20.00 L
Bond - Mindspace Business Parks REIT	NCD & Bonds	Real estate investment trusts (reits)	AAA	CRISIL	153.74	0.65%	15.00 L
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	141.75	0.60%	14.00 L
Bond - Govt of India	GOI	Other			105.50	0.45%	10.25 L
Bond - Bajaj Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	50.05	0.21%	5.00 L
Bond - Govt of India	GOI	Other			25.32	0.11%	2.50 L
Bond - Govt of India	GOI	Other			10.11	0.04%	1.00 L