Nippon India 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 : 228.00%. Category average turnover ratio is 431.27%. 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 : 69.96% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 69.96%

No of Stocks : 76 (Category Avg - 74.54) | Large Cap Investments : 37.02%| Mid Cap Investments : 11.22% | Small Cap Investments : 2.94% | Other : 18.78%

Portfolio Summary (as on 30th Sep,2025)

Particulars	This Scheme	Category
No. of Stocks	76	71.11
Top 5 Stock Weight	16.49%	21.56%
Top 10 Stock Weight	26.73%	33.1%
Top 3 Sector Weight	19.39%	24.46%

Category - Dynamic Asset Allocation or Balanced Advantage

Particulars	This Scheme	Category
Average mcap (Cr)	85128.92	93732.23
Holdings in large cap stocks	37.02%	38.85%
Holdings in mid cap stocks	11.22%	8.53%
Holdings in small cap stocks	2.94%	4.24%

Category - Dynamic Asset Allocation or Balanced Advantage

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	4061.4	4.28%	-0.08%	6.15% (Jun 2025)	4.28% (Sep 2025)	42.71 L	0.00
ICICI Bank Ltd.	Private sector bank	3572.2	3.77%	-0.28%	6.11% (Oct 2024)	3.77% (Sep 2025)	26.50 L	-0.50 L
Infosys Ltd.	Computers - software & consulting	2772.5	2.92%	-0.11%	4.45% (Jan 2025)	2.92% (Sep 2025)	19.23 L	0.00
State Bank Of India	Public sector bank	2713.9	2.86%	0.33%	2.86% (Sep 2025)	1.66% (Feb 2025)	31.11 L	1.70 L
Reliance Industries Ltd.	Refineries & marketing	2523.4	2.66%	-0.03%	2.75% (Jul 2025)	1.95% (Dec 2024)	18.50 L	0.00
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	2254.1	2.38%	-0.15%	3.46% (Jan 2025)	2.38% (Sep 2025)	12.00 L	-0.50 L
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	2250.5	2.37%	0.11%	2.37% (Sep 2025)	0.82% (Oct 2024)	6.57 L	0.00
National Thermal Power Corporation Ltd.	Power generation	1964.2	2.07%	0.04%	2.48% (Oct 2024)	2.01% (Dec 2024)	57.69 L	0.00
- Larsen & Toubro Ltd.	Civil construction	1661.3	1.75%	0.00%	1.86% (May 2025)	1.71% (Apr 2025)	4.54 L	0.00
Bajaj Finance Ltd.	Non banking financial company (nbfc)	1584.1	1.67%	0.18%	1.67% (Sep 2025)	0.4% (Nov 2024)	15.86 L	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	10.66	4061.4	4.28%	-0.08%	6.15% (Jun 2025)	4.28% (Sep 2025)	42.71 L	0.00	Other	18.78
ICICI Bank Ltd.	Private sector bank	10.66	3572.2	3.77%	-0.28%	6.11% (Oct 2024)	3.77% (Sep 2025)	26.50 L	-0.50 L	Large Cap	37.02
Infosys Ltd.	Computers - software & consulting	5.31	2772.5	2.92%	-0.11%	4.45% (Jan 2025)	2.92% (Sep 2025)	19.23 L	0.00	Large Cap	37.02
State Bank Of India	Public sector bank	2.86	2713.9	2.86%	0.33%	2.86% (Sep 2025)	1.66% (Feb 2025)	31.11 L	1.70 L	Large Cap	37.02
Reliance Industries Ltd.	Refineries & marketing	3.22	2523.4	2.66%	-0.03%	2.75% (Jul 2025)	1.95% (Dec 2024)	18.50 L	0.00	Large Cap	37.02
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	2.38	2254.1	2.38%	-0.15%	3.46% (Jan 2025)	2.38% (Sep 2025)	12.00 L	-0.50 L	Large Cap	37.02
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	3.42	2250.5	2.37%	0.11%	2.37% (Sep 2025)	0.82% (Oct 2024)	6.57 L	0.00	Large Cap	37.02
National Thermal Power Corporation Ltd.	Power generation	2.65	1964.2	2.07%	0.04%	2.48% (Oct 2024)	2.01% (Dec 2024)	57.69 L	0.00	Large Cap	37.02
- Larsen & Toubro Ltd.	Civil construction	1.94	1661.3	1.75%	0.00%	1.86% (May 2025)	1.71% (Apr 2025)	4.54 L	0.00	Large Cap	37.02
Bajaj Finance Ltd.	Non banking financial company (nbfc)	3.08	1584.1	1.67%	0.18%	1.67% (Sep 2025)	0.4% (Nov 2024)	15.86 L	0.00	Other	18.78
ITC Limited	Diversified fmcg	2.58	1436.7	1.52%	-0.05%	2.19% (Oct 2024)	1.05% (Jan 2025)	35.78 L	0.00	Large Cap	37.02
Eternal Ltd.	E-retail/ e-commerce	2.56	1302	1.37%	0.02%	1.37% (Sep 2025)	0.51% (Mar 2025)	40.00 L	0.00	Other	18.78
FSN E-Commerce Ventures Ltd.	E-retail/ e-commerce	2.56	1126.6	1.19%	-0.01%	1.2% (Aug 2025)	0% (Oct 2024)	48.48 L	0.00	Other	18.78
Godrej Consumer Products Ltd	Personal care	1.17	1108.6	1.17%	-0.10%	1.62% (Apr 2025)	1.17% (Sep 2025)	9.50 L	0.00	Large Cap	37.02
Axis Bank Ltd.	Private sector bank	10.66	1075	1.13%	0.01%	2.64% (Apr 2025)	1.12% (Aug 2025)	9.50 L	-0.50 L	Large Cap	37.02
Power Finance Corporation Ltd.	Financial institution	1.1	1041	1.10%	0.07%	1.42% (Nov 2024)	1.03% (Aug 2025)	25.38 L	0.00	Mid Cap	11.22
Hindustan Unilever Ltd.	Diversified fmcg	2.58	1005.8	1.06%	-0.08%	1.63% (Jan 2025)	1.06% (Sep 2025)	4.00 L	0.00	Large Cap	37.02
- Kotak Mahindra Bank Ltd.	Private sector bank	10.66	998	1.05%	0.00%	1.06% (Jul 2025)	0% (Oct 2024)	5.01 L	0.00	Large Cap	37.02
TVS Motor Company Ltd.	2/3 wheelers	1.86	945.6	1.00%	0.03%	1% (Sep 2025)	0% (Oct 2024)	2.75 L	0.00	Mid Cap	11.22
Grasim Industries Limited	Cement & cement products	2	913	0.96%	0.12%	0.96% (Sep 2025)	0% (Oct 2024)	3.31 L	50.00 k	Large Cap	37.02
Avenue Supermarts Ltd.	Diversified retail	0.94	895.1	0.94%	-0.08%	1.4% (Mar 2025)	0.91% (Jul 2025)	2.00 L	0.00	Large Cap	37.02
HDFC Life Insurance Company Ltd.	Life insurance	1.7	892.6	0.94%	-0.04%	1.02% (Jun 2025)	0.73% (Dec 2024)	11.80 L	0.00	Large Cap	37.02
Britannia Industries Ltd.	Packaged foods	0.88	836.5	0.88%	0.01%	0.88% (Sep 2025)	0% (Oct 2024)	1.40 L	0.00	Large Cap	37.02
Eicher Motors Ltd.	2/3 wheelers	1.86	805.6	0.85%	0.10%	1.06% (Apr 2025)	0.74% (Jul 2025)	1.15 L	0.00	Other	18.78
CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	2.42	778	0.82%	0.04%	0.82% (Sep 2025)	0.6% (Oct 2024)	10.50 L	0.00	Small Cap	2.94
Lupin Ltd.	Pharmaceuticals	1.8	766.4	0.81%	-0.01%	0.83% (Jul 2025)	0.42% (Jun 2025)	4.01 L	0.00	Large Cap	37.02
InterGlobe Aviation Ltd.	Airline	0.8	753.7	0.80%	-0.02%	0.85% (Jul 2025)	0.32% (Oct 2024)	1.35 L	0.00	Large Cap	37.02
GE T&D India Ltd.	Heavy electrical equipment	2.42	740.1	0.78%	0.03%	0.78% (Sep 2025)	0% (Oct 2024)	2.50 L	0.00	Small Cap	2.94
LTIMindtree Ltd.	Computers - software & consulting	5.31	733.2	0.77%	-0.01%	0.78% (Aug 2025)	0.44% (Mar 2025)	1.42 L	0.00	Mid Cap	11.22
Tata Power Co. Ltd.	Integrated power utilities	0.77	728.7	0.77%	0.02%	0.87% (Oct 2024)	0.75% (Aug 2025)	18.75 L	0.00	Mid Cap	11.22
Cholamandalam Investment & Finance Co. Ltd.	Non banking financial company (nbfc)	3.08	720.5	0.76%	0.16%	0.76% (Sep 2025)	0% (Oct 2024)	4.47 L	51.18 k	Other	18.78
SBI Life Insurance Co Ltd.	Life insurance	1.7	719	0.76%	-0.02%	0.79% (Jul 2025)	0.63% (Dec 2024)	4.02 L	0.00	Large Cap	37.02
Dixon Technologies (India) Ltd.	Consumer electronics	0.75	714.9	0.75%	-0.03%	0.79% (Jul 2025)	0% (Oct 2024)	43.80 k	0.00	Other	18.78
Hindustan Aeronautics Ltd.	Aerospace & defense	1.31	712	0.75%	0.10%	0.75% (Sep 2025)	0.37% (Mar 2025)	1.50 L	10.00 k	Other	18.78
United Breweries Ltd.	Breweries & distilleries	0.96	708.2	0.75%	-0.03%	0.84% (Jan 2025)	0.71% (Jun 2025)	3.93 L	0.00	Large Cap	37.02
Motherson Sumi Systems Ltd.	Auto components & equipments	0.72	678.9	0.72%	0.16%	0.74% (Oct 2024)	0.51% (Feb 2025)	64.26 L	8.00 L	Large Cap	37.02
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	3.42	643.8	0.68%	0.47%	0.96% (Feb 2025)	0% (Oct 2024)	40.17 k	27.14 k	Large Cap	37.02
Apollo Hospitals Enterprises Ltd.	Hospital	0.67	637.4	0.67%	-0.03%	0.7% (Aug 2025)	0.23% (Nov 2024)	86.03 k	0.00	Mid Cap	11.22
Tech Mahindra Ltd.	Computers - software & consulting	5.31	630.1	0.66%	0.02%	0.66% (Sep 2025)	0% (Oct 2024)	4.50 L	50.00 k	Large Cap	37.02
Muthoot Finance Pvt. Ltd.	Non banking financial company (nbfc)	3.08	615.4	0.65%	0.08%	0.65% (Sep 2025)	0% (Oct 2024)	2.00 L	0.00	Mid Cap	11.22
Varun Beverages Ltd.	Other beverages	0.61	576.8	0.61%	-0.07%	0.73% (Jul 2025)	0% (Oct 2024)	13.00 L	0.00	Other	18.78
Delhivery Ltd.	Logistics solution provider	0.61	576	0.61%	-0.03%	0.64% (Aug 2025)	0.14% (Oct 2024)	12.80 L	0.00	Other	18.78
Page Industries Ltd.	Garments & apparels	0.6	565.5	0.60%	-0.06%	0.8% (Dec 2024)	0.44% (May 2025)	13.90 k	0.00	Mid Cap	11.22
Ipca Laboratories Ltd.	Pharmaceuticals	1.8	563.3	0.59%	-0.04%	0.79% (Dec 2024)	0.59% (Sep 2025)	4.21 L	0.00	Other	18.78
Tata Steel Ltd.	Iron & steel products	1.11	556.9	0.59%	0.04%	0.59% (Sep 2025)	0.24% (Nov 2024)	33.00 L	0.00	Other	18.78
Jubilant Foodworks Ltd.	Restaurants	0.97	555	0.59%	-0.02%	1.72% (Dec 2024)	0.59% (Sep 2025)	8.99 L	0.00	Other	18.78
NTPC Green Energy Ltd.	Power generation	2.65	553.4	0.58%	-0.05%	0.63% (Aug 2025)	0% (Oct 2024)	56.93 L	0.00	Other	18.78
Kaynes Technology India Private Ltd.	Industrial products	0.58	546.3	0.58%	0.07%	0.58% (Sep 2025)	0% (Oct 2024)	77.47 k	0.00	Other	18.78
Bharat Electronics Ltd.	Aerospace & defense	1.31	535.6	0.56%	0.03%	0.56% (Sep 2025)	0% (Oct 2024)	13.26 L	0.00	Mid Cap	11.22
Dalmia Bharat Ltd.	Cement & cement products	2	534.5	0.56%	-0.06%	0.89% (Jun 2025)	0.56% (Sep 2025)	2.40 L	0.00	Mid Cap	11.22
Hindustan Petroleum Corporation Ltd.	Refineries & marketing	3.22	532.1	0.56%	0.08%	0.59% (Jul 2025)	0.23% (Oct 2024)	12.00 L	0.00	Large Cap	37.02
Prestige Estates Projects Ltd.	Residential, commercial projects	0.56	529.3	0.56%	-0.03%	0.59% (Aug 2025)	0% (Oct 2024)	3.51 L	0.00	Mid Cap	11.22
- UTI Asset Management Co. Pvt. Ltd.	Asset management company	0.55	521.6	0.55%	0.00%	0.55% (Sep 2025)	0% (Oct 2024)	4.00 L	0.00	Other	18.78
Coforge Ltd.	Computers - software & consulting	5.31	517.1	0.55%	-0.05%	0.6% (Aug 2025)	0% (Oct 2024)	3.25 L	0.00	Other	18.78
- Cummins India Ltd.	Compressors, pumps & diesel engines	0.79	511.7	0.54%	0.00%	0.54% (Sep 2025)	0% (Oct 2024)	1.30 L	0.00	Mid Cap	11.22
Jindal Steel Ltd.	Iron & steel products	1.11	497.6	0.52%	0.05%	0.52% (Sep 2025)	0.27% (Oct 2024)	4.68 L	0.00	Mid Cap	11.22
Indian Hotels Company Limited	Hotels & resorts	0.49	468.2	0.49%	-0.04%	0.53% (Aug 2025)	0% (Oct 2024)	6.50 L	0.00	Mid Cap	11.22
JSW Cement Ltd.	Cement & cement products	2	459.1	0.48%	-0.05%	0.53% (Aug 2025)	0% (Oct 2024)	33.29 L	0.00	Other	18.78
Sai Life Sciences Ltd.	Petrochemicals	0.48	458.3	0.48%	0.01%	0.48% (Sep 2025)	0% (Oct 2024)	5.33 L	0.00	Other	18.78
L&T Finance Holdings Ltd.	Investment company	0.48	450.5	0.48%	0.06%	0.48% (Sep 2025)	0% (Oct 2024)	18.07 L	0.00	Mid Cap	11.22
SRF Ltd.	Specialty chemicals	0.46	435.9	0.46%	-0.01%	0.47% (Aug 2025)	0% (Oct 2024)	1.54 L	0.00	Mid Cap	11.22
ABB India Ltd.	Heavy electrical equipment	2.42	414.7	0.44%	0.01%	0.84% (Jun 2025)	0.34% (Jan 2025)	80.00 k	0.00	Large Cap	37.02
Karur Vysya Bank Ltd	Private sector bank	10.66	405	0.43%	-0.01%	0.45% (Jul 2025)	0% (Oct 2024)	19.20 L	0.00	Small Cap	2.94
3M India Ltd.	Diversified	0.42	394	0.42%	-0.02%	0.55% (Oct 2024)	0.41% (Jun 2025)	13.38 k	0.00	Mid Cap	11.22
Sonata Software Ltd.	Computers - software & consulting	5.31	389.2	0.41%	-0.01%	0.65% (Nov 2024)	0.41% (Sep 2025)	11.25 L	0.00	Small Cap	2.94
Biocon Ltd.	Pharmaceuticals	1.8	383.6	0.40%	-0.02%	0.47% (Jul 2025)	0% (Oct 2024)	11.25 L	0.00	Mid Cap	11.22
Bharat Heavy Electricals Ltd.	Heavy electrical equipment	2.42	357.7	0.38%	0.05%	0.68% (Jun 2025)	0.33% (Aug 2025)	15.00 L	0.00	Mid Cap	11.22
Devyani International Ltd.	Restaurants	0.97	356.3	0.38%	0.04%	0.38% (Sep 2025)	0.3% (Nov 2024)	21.20 L	3.00 L	Other	18.78
Hyundai Motor India Ltd.	Passenger cars & utility vehicles	3.42	348.9	0.37%	0.01%	0.37% (Sep 2025)	0% (Oct 2024)	1.35 L	0.00	Other	18.78
Coromandel International Ltd.	Fertilizers	0.29	275.5	0.29%	-0.01%	0.35% (Jul 2025)	0% (Oct 2024)	1.23 L	0.00	Mid Cap	11.22
- Kirloskar Oil Engines Ltd.	Compressors, pumps & diesel engines	0.79	237	0.25%	0.00%	0.25% (Sep 2025)	0% (Oct 2024)	2.58 L	0.00	Small Cap	2.94
- Blue Star Ltd.	Household appliances	0.25	235.1	0.25%	0.00%	0.25% (Aug 2025)	0% (Oct 2024)	1.25 L	0.00	Small Cap	2.94
- United Spirits Ltd.	Breweries & distilleries	0.96	198.7	0.21%	0.00%	0.75% (Dec 2024)	0.21% (Aug 2025)	1.50 L	0.00	Large Cap	37.02
Indus Towers Ltd.	Telecom - infrastructure	0.2	193	0.20%	-0.15%	0.71% (Nov 2024)	0.2% (Sep 2025)	5.63 L	-4.00 L	Large Cap	37.02
Ion Exchange (india) Ltd.	Civil construction	1.94	180.7	0.19%	-0.01%	0.36% (Oct 2024)	0.19% (Sep 2025)	4.48 L	0.00	Other	18.78
# TVS Motor Company Ltd. - Preference Shares	2/3 wheelers	1.86	11.1	0.01%	0.00%	0% (Nov 2025)	0% (Nov 2025)	11.00 L	0.00	Other	18.78
Bond - Small Industries Development Bank Of India	Financial institution	1.1	250.7	0.00%	-0.27%	-	-	-	-	Other	18.78
Bond - Union Bank Of India	Public sector bank	2.86	250	0.00%	-0.27%	-	-	-	-	Other	18.78
PNB Housing Finance Ltd.	Housing finance company		150.7	0.00%	-0.16%	-	-	-	-	Mid Cap	11.22
Zydus Wellness Ltd.	Packaged foods	0.88	158.4	0.00%	-0.17%	-	-	-	-	Small Cap	2.94

- 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
# Bond - Jtpm Metal Traders Pvt Ltd.	Trading - metals	751.2	0.79%	0.79%	0% (Nov 2025)	0% (Nov 2025)	7.50 k	7500

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
Bond - Small Industries Development Bank Of India	Financial institution	250.7	0.00%	-0.27%	0% (Nov 2025)	0% (Nov 2025)	-250
Bond - Union Bank Of India	Public sector bank	250	0.00%	-0.27%	0% (Nov 2025)	0% (Nov 2025)	-250
PNB Housing Finance Ltd.	Housing finance company	150.7	0.00%	-0.16%	0.42% (Jul 2025)	0% (Oct 2024)	-200000
Zydus Wellness Ltd.	Packaged foods	158.4	0.00%	-0.17%	0.64% (Dec 2024)	0% (Oct 2024)	-78453

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.	4.28%	4.36%	9.50%	6.15%	6.11%	6.14%	5.99%	5.93%	5.60%	5.81%	5.85%	5.72%	5.58%
ICICI Bank Ltd.	3.77%	4.05%	9.18%	5.64%	5.77%	5.78%	5.61%	5.23%	5.42%	6.02%	6.08%	6.11%	5.89%
Infosys Ltd.	2.92%	3.03%	6.20%	3.28%	3.27%	3.19%	3.43%	4.15%	4.45%	4.42%	4.35%	4.16%	4.34%
Bharti Airtel Ltd.	2.38%	2.53%	5.12%	3.24%	3.05%	3.12%	2.98%	2.82%	3.46%	3.36%	3.42%	3.43%	3.56%
Reliance Industries Ltd.	2.66%	2.69%	5.50%	2.26%	2.19%	2.19%	2.05%	2.01%	2.04%	1.95%	2.06%	2.15%	2.33%
National Thermal Power Corporation Ltd.	2.07%	2.03%	4.12%	2.06%	2.10%	2.26%	2.34%	2.13%	2.13%	2.01%	2.19%	2.48%	2.63%
State Bank Of India	2.86%	2.53%	4.84%	1.77%	1.79%	1.77%	1.78%	1.66%	1.79%	1.72%	1.80%	1.71%	1.34%
Axis Bank Ltd.	1.13%	1.12%	2.52%	2.57%	2.61%	2.64%	2.52%	2.37%	1.79%	1.73%	1.84%	1.89%	1.97%
Larsen & Toubro Ltd.	1.75%	1.75%	3.62%	1.82%	1.86%	1.71%	1.84%	1.74%	1.76%	1.77%	1.82%	1.79%	1.98%
Mahindra & Mahindra Ltd.	2.37%	2.26%	4.50%	1.47%	1.40%	1.40%	1.31%	1.33%	1.48%	1.48%	1.45%	0.82%	0.84%
ITC Limited	1.52%	1.57%	2.80%	1.12%	1.15%	1.19%	1.18%	1.18%	1.05%	1.73%	2.11%	2.19%	2.26%
Godrej Consumer Products Ltd	1.17%	1.27%	2.56%	1.46%	1.56%	1.62%	1.53%	1.39%	1.49%	1.43%	1.54%	1.61%	1.71%
Hindustan Unilever Ltd.	1.06%	1.14%	2.16%	1.42%	1.48%	1.50%	1.49%	1.51%	1.63%	1.27%	1.27%	1.30%	1.49%
Kotak Mahindra Bank Ltd.	1.05%	1.05%	2.12%	-	-	-	-	-	-	-	-	-	-
Tata Consultancy Services Ltd.	-	-	-	1.11%	1.13%	1.15%	1.23%	1.24%	1.41%	1.40%	1.74%	1.64%	1.72%

No of Debt Holding 68 (Category Avg - 30.31) | Modified Duration 3.81 Years (Category Avg - 3.15)| Yield to Maturity 7.50% (Category Avg - 6.66%)

Portfolio Summary (as on 30th Sep,2025)

Security Type	% Weight	Category Average
GOI	7.17%	8.64%
CD	0.00%	0.41%
T-Bills	0.00%	1.13%
CP	0.00%	0.29%
NCD & Bonds	13.31%	11.16%
PTC	0.66%	0.32%

Category - Dynamic Asset Allocation or Balanced Advantage

Security Type	% Weight	Category Average
Government Backed	7.17%	9.77%
Low Risk	13.97%	11.24%
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 30th Sep,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	1322.52	1.40%	13.00 k
Bond - Govt of India	GOI	Other			1286.54	1.36%	1.25 Cr
Bond - Govt of India	GOI	Other			1010.88	1.07%	1.00 Cr
Bond - Govt of India	GOI	Other			928.08	0.98%	90.00 L
Bond - Govt of India	GOI	Other			853.10	0.90%	85.00 L
Bond - Jtpm Metal Traders Pvt Ltd.	NCD & Bonds	Trading - metals	AA	CRISIL	751.20	0.79%	7.50 k
Bond - Suryapet Khammam Road Pvt Ltd.	NCD & Bonds	Road assets–toll, annuity, hybrid-annuity	CARE AAA	CARE	723.00	0.76%	7.50 k
Bond - Vedanta Ltd.	NCD & Bonds	Diversified metals	LAA	ICRA	655.29	0.69%	6.50 k
Bond - Au Small Finance Bank Ltd.	NCD & Bonds	Other bank	LAA	ICRA	550.97	0.58%	5.50 k
Bond - Govt of India	GOI	Other			518.15	0.55%	50.00 L
Bond - Govt of India	GOI	Other			510.83	0.54%	50.00 L
Bond - HDB Financial Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	515.49	0.54%	5.00 k
Bond - L&T Metro Rail (Hyderabad) Ltd.	NCD & Bonds	Civil construction	AAA	CRISIL	498.06	0.53%	5.00 k
Bond - Govt of India	GOI	Other			505.50	0.53%	50.00 L
Bond - Summit Digitel Infrastructure Pvt Ltd.	NCD & Bonds	Telecom - infrastructure	AAA	CRISIL	454.80	0.48%	450.00
Bond - Aptus Finance India Private Ltd.	NCD & Bonds	Housing finance company	CARE AA	CARE	406.27	0.43%	5.00 k
Bond - Liquid Gold	PTC	Ptc	AAA	CRISIL	371.36	0.39%	0.00
Bond - Govt of India	GOI	Other			361.53	0.38%	35.00 L
Bond - National Highways Infra Trust	NCD & Bonds	Road assets–toll, annuity, hybrid-annuity	CARE AAA	CARE	334.67	0.35%	6.25 k
Bond - National Highways Infra Trust	NCD & Bonds	Road assets–toll, annuity, hybrid-annuity	CARE AAA	CARE	311.04	0.33%	6.25 k
Bond - Tata Chemicals Ltd.	NCD & Bonds	Commodity chemicals	AA+	CRISIL	302.25	0.32%	3.00 k
Bond - Infopark Properties Ltd.	NCD & Bonds	Real estate investment trusts (reits)	CARE AA-	CARE	302.21	0.32%	3.00 k
Bond - IIFL Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA	CRISIL	300.67	0.32%	3.00 k
Bond - India Universal Trust	PTC	Ptc	AAA	CRISIL	252.36	0.27%	0.00 Cr
Bond - Govt of India	GOI	Other			259.96	0.27%	25.00 L
Bond - Suryapet Khammam Road Pvt Ltd.	NCD & Bonds	Road assets–toll, annuity, hybrid-annuity	CARE AAA	CARE	259.74	0.27%	3.20 k
Bond - Mahindra & Mahindra Financial Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	257.19	0.27%	2.50 k
Bond - Jamnagar Utilities & Power Pvt. Ltd.	NCD & Bonds	Power generation	AAA	CRISIL	255.06	0.27%	2.50 k
Bond - Indostar Capital Finance Private Ltd.	NCD & Bonds	Non banking financial company (nbfc)	CARE AA-	CARE	253.21	0.27%	2.50 k
Bond - Hero Housing Finance Ltd.	NCD & Bonds	Housing finance company	AA+	CRISIL	251.01	0.26%	2.50 k
Bond - Aditya Birla Real Estate Ltd.	NCD & Bonds	Paper & paper products	AA	CRISIL	250.75	0.26%	2.50 k
Bond - Incred Financial Services Private Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA-	CRISIL	249.21	0.26%	2.50 k
Bond - Vastu Finserve India Pvt Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA-	ICRA	246.74	0.26%	2.50 k
Bond - Govt of India	GOI	Other			246.39	0.26%	25.00 L
Bond - Torrent Power Ltd.	NCD & Bonds	Integrated power utilities	AA+	CRISIL	210.65	0.22%	200.00
Bond - Muthoot Finance Pvt. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA+	CRISIL	206.38	0.22%	2.00 k
Bond - Cholamandalam Investment & Finance Co. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA+	ICRA	206.15	0.22%	2.00 k
Bond - State Bank Of India	NCD & Bonds	Public sector bank	AAA	CRISIL	199.70	0.21%	200.00
Bond - Telangana State Industrial Infrastructure Corporation Ltd.	NCD & Bonds	Diversified commercial services	AA	FITCH	154.08	0.16%	1.50 k
Bond - Telangana State Industrial Infrastructure Corporation Ltd.	NCD & Bonds	Diversified commercial services	AA	FITCH	154.03	0.16%	1.50 k
Bond - Telangana State Industrial Infrastructure Corporation Ltd.	NCD & Bonds	Diversified commercial services	AA	FITCH	153.80	0.16%	1.50 k
Bond - Telangana State Industrial Infrastructure Corporation Ltd.	NCD & Bonds	Diversified commercial services	AA	FITCH	153.38	0.16%	1.50 k
Bond - Telangana State Industrial Infrastructure Corporation Ltd.	NCD & Bonds	Diversified commercial services	AA	FITCH	152.78	0.16%	1.50 k
Bond - Indostar Capital Finance Private Ltd.	NCD & Bonds	Non banking financial company (nbfc)	CARE AA-	CARE	152.01	0.16%	1.50 L
Bond - Telangana State Industrial Infrastructure Corporation Ltd.	NCD & Bonds	Diversified commercial services	AA	FITCH	151.94	0.16%	1.50 k
Bond - Nirma Ltd.	NCD & Bonds	Household products	AA	CRISIL	151.75	0.16%	1.50 k
Bond - Telangana State Industrial Infrastructure Corporation Ltd.	NCD & Bonds	Diversified commercial services	AA	FITCH	151.26	0.16%	1.50 k
Bond - Vedanta Ltd.	NCD & Bonds	Diversified metals	LAA	ICRA	150.63	0.16%	1.50 k
Bond - J S W Steel Ltd.	NCD & Bonds	Iron & steel products	LAA	ICRA	150.46	0.16%	150.00
Bond - Vedanta Ltd.	NCD & Bonds	Diversified metals	AA	CRISIL	140.40	0.15%	1.40 k
Bond - Govt of India	GOI	Other			141.74	0.15%	13.59 L
Bond - Govt of India	GOI	Other			113.16	0.12%	11.00 L
Bond - India Infrastructure Finance Co. Ltd.	NCD & Bonds	Financial institution	CARE AAA	CARE	101.34	0.11%	1.00 k
Bond - IIFL Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA	CRISIL	100.40	0.11%	1.00 k
Bond - Indostar Capital Finance Private Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA-	CRISIL	60.63	0.06%	600.00
Bond - Telangana State Industrial Infrastructure Corporation Ltd.	NCD & Bonds	Diversified commercial services	AA	FITCH	51.10	0.05%	500.00
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	51.08	0.05%	500.00
Bond - Aditya Birla Real Estate Ltd.	NCD & Bonds	Paper & paper products	AA	CRISIL	50.95	0.05%	500.00
Bond - Govt of India	GOI	Other			50.42	0.05%	5.00 L
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	41.04	0.04%	40.00
Bond - Godrej Industries Ltd	NCD & Bonds	Animal feed	AA+	CRISIL	40.14	0.04%	400.00
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	30.15	0.03%	300.00
Bond - Bajaj Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	20.57	0.02%	20.00
Bond - IDFC First Bank Ltd.	NCD & Bonds	Private sector bank	LAA+	ICRA	10.02	0.01%	10.00
Bond - Govt of India	GOI	Other			10.10	0.01%	1.00 L
Bond - Govt of India	GOI	Other			2.05	0.00%	18.20 k
Bond - Govt of India	GOI	Other			0.46	0.00%	4.40 k
Bond - Govt of India	GOI	Other			0.04	0.00%	400.00

Name	Type of Instrument	Weight (%)
TREPS	TREPS	2.30%
Cube Highways Trust	InvITs	1.36%
National Highways Infra Trust	InvITs	1.17%
Brookfield India Real Estate Trust	InvITs	0.91%
Mindspace Business Parks REIT	InvITs	0.85%
Margin	Margin	0.76%
Nexus Select Trust	InvITs	0.55%
Knowledge Realty Trust	InvITs	0.35%
Net Receivables	Net Receivables	0.34%
MF Units	MF Units	0.31%
Interest Rate Swaps	Interest Rate Swaps	0.00%
Interest Rate Swaps	Interest Rate Swaps	0.00%