NJ 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

Fund House : NJ Mutual Fund

Equity Holding : 91.88% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 91.88%

No of Stocks : 101 (Category Avg - 75.26) | Large Cap Investments : 48.35%| Mid Cap Investments : 14.05% | Small Cap Investments : 6.31% | Other : 23.16%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	101	71.54
Top 5 Stock Weight	24.99%	21.44%
Top 10 Stock Weight	38.84%	32.64%
Top 3 Sector Weight	29.58%	24.36%

Category - Dynamic Asset Allocation or Balanced Advantage

Particulars	This Scheme	Category
Average mcap (Cr)	132041.76	94702.15
Holdings in large cap stocks	48.35%	38.05%
Holdings in mid cap stocks	14.05%	8.49%
Holdings in small cap stocks	6.31%	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
Reliance Industries Ltd.	Refineries & marketing	3452.2	9.13%	0.47%	9.5% (Jun 2025)	7.94% (Nov 2024)	23.23 L	-1.00 L
Bajaj Finance Ltd.	Non banking financial company (nbfc)	1857	4.91%	2.67%	4.91% (Oct 2025)	1.47% (Dec 2024)	17.81 L	9.27 L
HDFC Bank Ltd.	Private sector bank	1688.1	4.46%	2.23%	4.46% (Oct 2025)	0.28% (Nov 2024)	17.10 L	8.13 L
Eicher Motors Ltd.	2/3 wheelers	1243.4	3.29%	0.92%	3.29% (Oct 2025)	1.32% (Nov 2024)	1.77 L	48.35 k
Bosch Ltd.	Auto components & equipments	1208.8	3.20%	-0.44%	3.82% (Jul 2025)	2.2% (Feb 2025)	32.45 k	-3.90 k
Marico Ltd.	Personal care	1166	3.08%	2.79%	3.08% (Oct 2025)	0.22% (Feb 2025)	16.20 L	14.61 L
Britannia Industries Ltd.	Packaged foods	1109.8	2.94%	0.28%	2.94% (Oct 2025)	1.01% (Dec 2024)	1.90 L	20.80 k
ICICI Bank Ltd.	Private sector bank	1105.5	2.92%	2.12%	2.92% (Oct 2025)	0% (Nov 2024)	8.22 L	5.94 L
# Muthoot Finance Pvt. Ltd.	Non banking financial company (nbfc)	956.7	2.53%	2.53%	2.53% (Oct 2025)	0% (Nov 2024)	3.01 L	3.01 L
HDFC Asset Management Co. Ltd.	Asset management company	901.6	2.38%	-2.19%	4.64% (Jul 2025)	2.38% (Oct 2025)	1.68 L	-1.48 L

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

View complete holding

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

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Sector
M-Cap

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Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty	M-Cap	GroupName
Reliance Industries Ltd.	Refineries & marketing	9.13	3452.2	9.13%	0.47%	9.5% (Jun 2025)	7.94% (Nov 2024)	23.23 L	-1.00 L	Large Cap	48.35
Bajaj Finance Ltd.	Non banking financial company (nbfc)	10.13	1857	4.91%	2.67%	4.91% (Oct 2025)	1.47% (Dec 2024)	17.81 L	9.27 L	Other	23.16
HDFC Bank Ltd.	Private sector bank	10.32	1688.1	4.46%	2.23%	4.46% (Oct 2025)	0.28% (Nov 2024)	17.10 L	8.13 L	Other	23.16
Eicher Motors Ltd.	2/3 wheelers	5.69	1243.4	3.29%	0.92%	3.29% (Oct 2025)	1.32% (Nov 2024)	1.77 L	48.35 k	Other	23.16
Bosch Ltd.	Auto components & equipments	5.17	1208.8	3.20%	-0.44%	3.82% (Jul 2025)	2.2% (Feb 2025)	32.45 k	-3.90 k	Large Cap	48.35
Marico Ltd.	Personal care	4.72	1166	3.08%	2.79%	3.08% (Oct 2025)	0.22% (Feb 2025)	16.20 L	14.61 L	Large Cap	48.35
Britannia Industries Ltd.	Packaged foods	4.88	1109.8	2.94%	0.28%	2.94% (Oct 2025)	1.01% (Dec 2024)	1.90 L	20.80 k	Large Cap	48.35
ICICI Bank Ltd.	Private sector bank	10.32	1105.5	2.92%	2.12%	2.92% (Oct 2025)	0% (Nov 2024)	8.22 L	5.94 L	Large Cap	48.35
# Muthoot Finance Pvt. Ltd.	Non banking financial company (nbfc)	10.13	956.7	2.53%	2.53%	2.53% (Oct 2025)	0% (Nov 2024)	3.01 L	3.01 L	Mid Cap	14.05
HDFC Asset Management Co. Ltd.	Asset management company	3.55	901.6	2.38%	-2.19%	4.64% (Jul 2025)	2.38% (Oct 2025)	1.68 L	-1.48 L	Large Cap	48.35
Kotak Mahindra Bank Ltd.	Private sector bank	10.32	744.9	1.97%	1.26%	1.97% (Oct 2025)	0.27% (Nov 2024)	3.54 L	2.19 L	Large Cap	48.35
# SBI Cards and Payment Services Ltd.	Non banking financial company (nbfc)	10.13	741.9	1.96%	1.96%	1.96% (Oct 2025)	0% (Nov 2024)	8.44 L	8.44 L	Other	23.16
Nestle India Ltd.	Packaged foods	4.88	734.8	1.94%	0.79%	1.94% (Oct 2025)	0.19% (Nov 2024)	5.78 L	1.95 L	Other	23.16
# Great Eastern Shipping Co. Ltd.	Shipping	1.89	716.4	1.89%	1.89%	1.89% (Oct 2025)	0% (Nov 2024)	6.51 L	6.51 L	Small Cap	6.31
Hindustan Unilever Ltd.	Diversified fmcg	3.05	714.4	1.89%	1.63%	1.89% (Oct 2025)	0.09% (Dec 2024)	2.90 L	2.51 L	Large Cap	48.35
# Endurance Technologies Ltd.	Auto components & equipments	5.17	678.3	1.79%	1.79%	1.79% (Oct 2025)	0% (Nov 2024)	2.39 L	2.39 L	Mid Cap	14.05
Tech Mahindra Ltd.	Computers - software & consulting	8.45	675.9	1.79%	0.34%	1.83% (Jun 2025)	1.34% (Feb 2025)	4.75 L	79.68 k	Large Cap	48.35
Hero Motocorp Ltd.	2/3 wheelers	5.69	673.2	1.78%	-1.65%	3.43% (Sep 2025)	1.78% (Oct 2025)	1.21 L	-1.18 L	Large Cap	48.35
Mphasis Ltd.	Computers - software & consulting	8.45	672.1	1.78%	1.51%	1.78% (Oct 2025)	0.19% (Feb 2025)	2.43 L	2.05 L	Mid Cap	14.05
# Wipro Ltd.	Computers - software & consulting	8.45	668.3	1.77%	1.77%	1.77% (Oct 2025)	0% (Nov 2024)	27.77 L	27.77 L	Large Cap	48.35
Page Industries Ltd.	Garments & apparels	1.76	667.2	1.76%	1.49%	1.76% (Oct 2025)	0.24% (Feb 2025)	16.20 k	13.61 k	Mid Cap	14.05
Pidilite Industries Ltd.	Specialty chemicals	1.73	653.9	1.73%	0.25%	1.73% (Oct 2025)	1.18% (Feb 2025)	4.53 L	68.29 k	Large Cap	48.35
DR. LAL PATHLABS Ltd.	Healthcare service provider	1.72	650.9	1.72%	0.18%	1.72% (Oct 2025)	0.99% (Feb 2025)	2.08 L	19.60 k	Small Cap	6.31
# Dr. Reddys Laboratories Ltd.	Pharmaceuticals	4.59	650.1	1.72%	1.72%	1.72% (Oct 2025)	0% (Nov 2024)	5.43 L	5.43 L	Other	23.16
Ajanta Pharma Limited	Pharmaceuticals	4.59	472.3	1.25%	-0.56%	3.25% (Nov 2024)	1.25% (Oct 2025)	1.92 L	-0.95 L	Small Cap	6.31
UTI Asset Management Co. Pvt. Ltd.	Asset management company	3.55	441.3	1.17%	-0.50%	1.85% (Jun 2025)	1.12% (Feb 2025)	3.54 L	-1.33 L	Other	23.16
ITC Limited	Diversified fmcg	3.05	437.6	1.16%	-0.08%	1.36% (Mar 2025)	0.22% (Jan 2025)	10.41 L	-1.38 L	Large Cap	48.35
# Aptus Value Housing Finance India Ltd.	Housing finance company	1.14	430.4	1.14%	1.14%	1.14% (Oct 2025)	0% (Nov 2024)	13.55 L	13.55 L	Other	23.16
State Bank Of India	Public sector bank	1.77	366.1	0.97%	0.28%	0.97% (Oct 2025)	0.4% (Nov 2024)	3.91 L	90.00 k	Large Cap	48.35
Trent Limited	Speciality retail	0.74	281.2	0.74%	0.07%	0.74% (Oct 2025)	0% (Nov 2024)	59.90 k	5.30 k	Mid Cap	14.05
Jio Financial Services Ltd.	Non banking financial company (nbfc)	10.13	275.4	0.73%	0.24%	0.73% (Oct 2025)	0% (Nov 2024)	8.98 L	2.61 L	Other	23.16
Asian Paints (india) Ltd.	Paints	1.3	267.9	0.71%	-0.47%	1.26% (Aug 2025)	0.16% (Dec 2024)	1.07 L	-0.85 L	Large Cap	48.35
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	4.59	267.1	0.71%	-0.76%	1.81% (Apr 2025)	0.71% (Oct 2025)	1.58 L	-1.92 L	Large Cap	48.35
Axis Bank Ltd.	Private sector bank	10.32	255	0.67%	0.09%	0.67% (Oct 2025)	0.18% (Jan 2025)	2.07 L	8.13 k	Large Cap	48.35
HCL Technologies Limited	Computers - software & consulting	8.45	253.6	0.67%	-2.63%	4.32% (Jun 2025)	0.67% (Oct 2025)	1.64 L	-7.44 L	Large Cap	48.35
# Oil & Natural Gas Corporation Ltd.	Oil exploration & production	0.64	242.9	0.64%	0.64%	0.64% (Oct 2025)	0% (Nov 2024)	9.51 L	9.51 L	Large Cap	48.35
Tata Consultancy Services Ltd.	Computers - software & consulting	8.45	241.2	0.64%	-0.50%	1.65% (Mar 2025)	0.64% (Oct 2025)	78.87 k	-0.71 L	Large Cap	48.35
Crompton Greaves Consumer Electricals Ltd.	Household appliances	0.62	235.5	0.62%	0.61%	0.62% (Oct 2025)	0% (Nov 2024)	8.33 L	8.22 L	Mid Cap	14.05
Power Grid Corporation of India Ltd.	Power - transmission	0.62	234.3	0.62%	0.40%	0.62% (Oct 2025)	0% (Nov 2024)	8.13 L	5.17 L	Large Cap	48.35
Infosys Ltd.	Computers - software & consulting	8.45	234.2	0.62%	-0.66%	1.85% (Mar 2025)	0.62% (Oct 2025)	1.58 L	-1.79 L	Large Cap	48.35
# Tata Technologies Ltd.	Computers - software & consulting	8.45	234.2	0.62%	0.62%	0.62% (Oct 2025)	0% (Nov 2024)	3.38 L	3.38 L	Other	23.16
Bajaj Auto Ltd.	2/3 wheelers	5.69	233.5	0.62%	-2.47%	3.29% (May 2025)	0.62% (Oct 2025)	26.25 k	-1.10 L	Large Cap	48.35
Kajaria Ceramics Ltd.	Ceramics	0.62	233.2	0.62%	0.39%	0.62% (Oct 2025)	0.14% (Feb 2025)	1.93 L	1.19 L	Small Cap	6.31
Cipla Ltd.	Pharmaceuticals	4.59	230.4	0.61%	0.60%	0.61% (Oct 2025)	0.01% (Sep 2025)	1.53 L	1.51 L	Large Cap	48.35
# Bayer Cropscience Ltd.	Pesticides & agrochemicals	0.6	226.8	0.60%	0.60%	0.6% (Oct 2025)	0% (Nov 2024)	46.43 k	46.43 k	Mid Cap	14.05
Dabur India Ltd.	Personal care	4.72	226.1	0.60%	-0.49%	1.17% (Apr 2025)	0.19% (Dec 2024)	4.64 L	-3.78 L	Large Cap	48.35
Berger Paints India Ltd.	Paints	1.3	223.3	0.59%	0.35%	0.59% (Oct 2025)	0.17% (Dec 2024)	4.12 L	2.34 L	Large Cap	48.35
# Castrol (india) Ltd.	Lubricants	0.58	220.5	0.58%	0.58%	0.58% (Oct 2025)	0% (Nov 2024)	11.31 L	11.31 L	Mid Cap	14.05
Aditya Birla Capital Ltd.	Life insurance	0.73	219.1	0.58%	0.06%	0.58% (Oct 2025)	0% (Nov 2024)	6.76 L	0.00	Mid Cap	14.05
# Gujarat State Petronet Ltd.	Gas transmission/marketing	0.6	218.3	0.58%	0.58%	0.58% (Oct 2025)	0% (Nov 2024)	7.05 L	7.05 L	Mid Cap	14.05
Tata Elxsi Ltd.	Computers - software & consulting	8.45	212.3	0.56%	0.37%	0.56% (Oct 2025)	0.18% (Feb 2025)	38.93 k	24.75 k	Small Cap	6.31
L&T Technology Services Ltd.	It enabled services	0.56	211.6	0.56%	0.34%	0.56% (Oct 2025)	0.21% (Feb 2025)	51.38 k	30.78 k	Mid Cap	14.05
Procter & Gamble Hygiene & Health Care Ltd.	Personal care	4.72	204.4	0.54%	0.30%	0.54% (Oct 2025)	0.2% (Feb 2025)	15.31 k	8.74 k	Large Cap	48.35
Gillette India Ltd.	Personal care	4.72	188.6	0.50%	-1.27%	2.26% (Jun 2025)	0.5% (Oct 2025)	20.92 k	-0.50 L	Mid Cap	14.05
DLF Ltd.	Residential, commercial projects	0.55	178.4	0.47%	0.07%	0.47% (Oct 2025)	0% (Nov 2024)	2.36 L	20.63 k	Large Cap	48.35
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	0.47	177.9	0.47%	0.06%	0.47% (Oct 2025)	0% (Nov 2024)	51.00 k	4.80 k	Large Cap	48.35
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	0.46	174.7	0.46%	0.19%	0.46% (Oct 2025)	0.01% (Jan 2025)	85.03 k	29.45 k	Large Cap	48.35
CRISIL Ltd.	Other financial services	0.43	162.7	0.43%	0.15%	0.43% (Oct 2025)	0.24% (Feb 2025)	33.01 k	9.32 k	Mid Cap	14.05
Bank Of Baroda	Public sector bank	1.77	151.5	0.40%	0.03%	0.95% (Mar 2025)	0.23% (Apr 2025)	5.44 L	-2.93 k	Large Cap	48.35
Larsen & Toubro Ltd.	Civil construction	0.34	127.7	0.34%	0.07%	0.34% (Oct 2025)	0.17% (Feb 2025)	31.68 k	3.50 k	Large Cap	48.35
Canara Bank	Public sector bank	1.77	119.3	0.32%	0.03%	0.32% (Oct 2025)	0.13% (Dec 2024)	8.71 L	0.00	Other	23.16
Adani Enterprises Ltd.	Trading - minerals	0.3	112.4	0.30%	-0.03%	0.33% (Jun 2025)	0.28% (Feb 2025)	45.30 k	-4.50 k	Mid Cap	14.05
- Abbott India Ltd.	Pharmaceuticals	4.59	110.1	0.29%	0.00%	0.37% (Jun 2025)	0.22% (Jan 2025)	3.80 k	0.00	Mid Cap	14.05
Titan Company Ltd.	Gems, jewellery and watches	0.27	103.6	0.27%	0.03%	0.27% (Oct 2025)	0% (Nov 2024)	27.65 k	-0.18 k	Large Cap	48.35
Tata Power Co. Ltd.	Integrated power utilities	0.26	97.5	0.26%	0.01%	0.26% (Oct 2025)	0.17% (Feb 2025)	2.41 L	-4.35 k	Mid Cap	14.05
- Ambuja Cements Ltd.	Cement & cement products	0.26	95.6	0.25%	0.01%	0.25% (Oct 2025)	0.06% (Feb 2025)	1.69 L	4.20 k	Large Cap	48.35
- Eternal Ltd.	E-retail/ e-commerce	0.19	72.4	0.19%	0.00%	0.19% (Sep 2025)	0% (Nov 2024)	2.28 L	0.00	Other	23.16
Solar Industries India Ltd.	Explosives	0.17	65.6	0.17%	0.04%	0.17% (Oct 2025)	0% (Nov 2024)	4.73 k	900.00	Small Cap	6.31
Bandhan Bank Ltd.	Private sector bank	10.32	61.4	0.16%	-0.08%	0.24% (Sep 2025)	0.13% (Dec 2024)	3.92 L	-1.76 L	Large Cap	48.35
SBI Life Insurance Co Ltd.	Life insurance	0.73	55	0.15%	0.01%	0.15% (Oct 2025)	0% (Nov 2024)	28.13 k	0.00	Large Cap	48.35
Yes Bank	Private sector bank	10.32	51.6	0.14%	0.01%	0.14% (Oct 2025)	0% (Nov 2024)	22.70 L	-0.62 L	Other	23.16
One 97 Communications Ltd.	Financial technology (fintech)	0.13	49.1	0.13%	0.02%	0.13% (Oct 2025)	0% (Nov 2024)	37.70 k	0.00	Other	23.16
Bajaj Finserv Ltd	Holding company	0.13	48	0.13%	0.01%	0.13% (Oct 2025)	0% (Nov 2024)	23.00 k	0.00	Other	23.16
Tata Steel Ltd.	Iron & steel products	0.11	41.2	0.11%	0.01%	0.11% (Oct 2025)	0% (Nov 2024)	2.26 L	-5.50 k	Other	23.16
Petronet LNG Ltd.	Lpg/cng/png/lng supplier	0.1	36.5	0.10%	-1.37%	1.81% (Apr 2025)	0.1% (Oct 2025)	1.30 L	-0.19 Cr	Large Cap	48.35
# SKF India (Industrial) Ltd.	Auto components & equipments	5.17	33.1	0.09%	0.09%	0.09% (Oct 2025)	0% (Nov 2024)	12.21 k	12.21 k	Other	23.16
- Indus Towers Ltd.	Telecom - infrastructure	0.09	30.3	0.08%	0.00%	0.08% (Oct 2025)	0% (Nov 2024)	83.30 k	-3.40 k	Large Cap	48.35
Godrej Properties Ltd.	Residential, commercial projects	0.55	30.2	0.08%	0.01%	0.08% (Oct 2025)	0.01% (Jan 2025)	13.20 k	-0.55 k	Mid Cap	14.05
- Punjab National Bank	Public sector bank	1.77	29.5	0.08%	0.00%	0.08% (Oct 2025)	0% (Nov 2024)	2.40 L	-0.16 L	Large Cap	48.35
# SKF India Ltd.	Abrasives & bearings	0.07	26.1	0.07%	0.07%	0.07% (Oct 2025)	0% (Nov 2024)	12.21 k	12.21 k	Small Cap	6.31
- Motherson Sumi Systems Ltd.	Auto components & equipments	5.17	25.9	0.07%	0.00%	0.07% (Sep 2025)	0% (Nov 2024)	2.46 L	-6.15 k	Large Cap	48.35
Varun Beverages Ltd.	Other beverages	0.06	23.6	0.06%	0.06%	0.06% (Oct 2025)	0% (Nov 2024)	50.23 k	45.10 k	Other	23.16
- Adani Ports And Special Economic Zone Ltd.	Port & port services	0.05	18.6	0.05%	0.00%	0.06% (Feb 2025)	0.03% (Nov 2024)	12.83 k	0.00	Large Cap	48.35
Hindustan Aeronautics Ltd.	Aerospace & defense	0.05	15.4	0.04%	-0.01%	0.06% (Mar 2025)	0% (Nov 2024)	3.30 k	-0.90 k	Other	23.16
GAIL (India) Ltd.	Gas transmission/marketing	0.6	9.2	0.02%	-0.02%	0.09% (Mar 2025)	0% (Nov 2024)	50.40 k	-0.44 L	Large Cap	48.35
- Exide Industries Ltd.	Auto components & equipments	5.17	8.3	0.02%	0.00%	0.03% (Feb 2025)	0.01% (Jan 2025)	21.60 k	-1.80 k	Mid Cap	14.05
- United Spirits Ltd.	Breweries & distilleries	0.02	7.4	0.02%	0.00%	0.02% (Oct 2025)	0% (Nov 2024)	5.20 k	0.00	Large Cap	48.35
- GMR Airports Ltd.	Airport & airport services	0.02	7.2	0.02%	0.00%	0.02% (Oct 2025)	0% (Nov 2024)	76.73 k	0.00	Small Cap	6.31
- Bharat Heavy Electricals Ltd.	Heavy electrical equipment	0.02	6.3	0.02%	-0.01%	0.02% (Sep 2025)	0.01% (Mar 2025)	23.63 k	-0.16 L	Mid Cap	14.05
- Indian Hotels Company Limited	Hotels & resorts	0.01	4.5	0.01%	0.00%	0.02% (Mar 2025)	0% (Nov 2024)	6.00 k	0.00	Mid Cap	14.05
- HFCL Ltd.	Telecom - infrastructure	0.09	4.3	0.01%	0.00%	0.01% (Oct 2025)	0% (Nov 2024)	58.05 k	0.00	Small Cap	6.31
- J S W Energy Ltd.	Power generation	0.01	4.2	0.01%	0.00%	0.01% (Oct 2025)	0% (Nov 2024)	8.00 k	0.00	Mid Cap	14.05
# Bharat Electronics Ltd.	Aerospace & defense	0.05	3.6	0.01%	0.01%	0.01% (Oct 2025)	0% (Nov 2024)	8.55 k	8.55 k	Mid Cap	14.05
- Laurus Labs Ltd.	Pharmaceuticals	4.59	3.2	0.01%	0.00%	0.02% (Mar 2025)	0% (Nov 2024)	3.40 k	0.00	Other	23.16
- Ultratech Cement Ltd.	Cement & cement products	0.26	2.4	0.01%	0.00%	0.01% (Sep 2025)	0% (Nov 2024)	200.00	0.00	Large Cap	48.35
- Adani Energy Solutions Ltd.	Power - transmission	0.62	1.3	0.00%	0.00%	0% (Oct 2025)	0% (Nov 2024)	1.35 k	0.00	Mid Cap	14.05
- Federal Bank Ltd.	Private sector bank	10.32	1.2	0.00%	0.00%	0.01% (Dec 2024)	0% (Nov 2024)	5.00 k	0.00	Mid Cap	14.05
- HDFC Life Insurance Company Ltd.	Life insurance	0.73	0.8	0.00%	0.00%	0.04% (Mar 2025)	0% (Nov 2024)	1.10 k	0.00	Large Cap	48.35
- Adani Green Energy Ltd.	Power generation	0.01	0.7	0.00%	0.00%	0% (Oct 2025)	0% (Nov 2024)	600.00	0.00	Small Cap	6.31
- ABB India Ltd.	Heavy electrical equipment	0.02	0.7	0.00%	0.00%	0% (Sep 2025)	0% (Nov 2024)	125.00	0.00	Large Cap	48.35
- Tata Consumer Products Ltd.	Tea & coffee	0	0.6	0.00%	0.00%	0% (Oct 2025)	0% (Nov 2024)	550.00	0.00	Mid Cap	14.05
Mahanagar Gas Ltd.	Lpg/cng/png/lng supplier	0.1	434.2	0.00%	-1.14%	-	-	-	-	Small Cap	6.31
Coal India Ltd.	Coal		1282.5	0.00%	-3.36%	-	-	-	-	Large Cap	48.35
Alkem Laboratories Ltd.	Pharmaceuticals	4.59	849.2	0.00%	-2.23%	-	-	-	-	Mid Cap	14.05
Hindalco Industries Ltd.	Aluminium		1.1	0.00%	0.00%	-	-	-	-	Large Cap	48.35
CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	0.02	0.6	0.00%	0.00%	-	-	-	-	Small Cap	6.31
Coforge Ltd.	Computers - software & consulting	8.45	122.8	0.00%	-0.32%	-	-	-	-	Other	23.16
Alkyl Amines Chemicals Ltd.	Specialty chemicals	1.73	87.4	0.00%	-0.23%	-	-	-	-	Other	23.16
Grindwell Norton Ltd.	Abrasives & bearings	0.07	72.4	0.00%	-0.19%	-	-	-	-	Small Cap	6.31
Havells India Ltd.	Consumer electronics		482.3	0.00%	-1.26%	-	-	-	-	Large Cap	48.35
Birlasoft Ltd.	Computers - software & consulting	8.45	65.3	0.00%	-0.17%	-	-	-	-	Small Cap	6.31
Grasim Industries Limited	Cement & cement products	0.26	0.7	0.00%	0.00%	-	-	-	-	Large Cap	48.35
Manappuram Finance Ltd.	Non banking financial company (nbfc)	10.13	11	0.00%	-0.03%	-	-	-	-	Mid Cap	14.05
Cyient Ltd.	It enabled services	0.56	66	0.00%	-0.17%	-	-	-	-	Small Cap	6.31
LTIMindtree Ltd.	Computers - software & consulting	8.45	90.5	0.00%	-0.24%	-	-	-	-	Mid Cap	14.05
Bharat Petroleum Corporation Ltd.	Refineries & marketing	9.13	2	0.00%	-0.01%	-	-	-	-	Large Cap	48.35
Sona BLW Precision Forgings Ltd.	Auto components & equipments	5.17	62	0.00%	-0.16%	-	-	-	-	Other	23.16
ICICI Prudential Life Insurance Co Ltd.	Life insurance	0.73	2.2	0.00%	-0.01%	-	-	-	-	Large Cap	48.35
Divis Laboratories Ltd.	Pharmaceuticals	4.59	673.5	0.00%	-1.77%	-	-	-	-	Large Cap	48.35
Apollo Hospitals Enterprises Ltd.	Hospital		114	0.00%	-0.30%	-	-	-	-	Mid Cap	14.05
Indian Energy Exchange Ltd.	Exchange and data platform		429	0.00%	-1.12%	-	-	-	-	Small Cap	6.31
Happiest Minds Technologies Ltd.	Computers - software & consulting	8.45	72.5	0.00%	-0.19%	-	-	-	-	Other	23.16
Torrent Pharmaceuticals Ltd.	Pharmaceuticals	4.59	846	0.00%	-2.22%	-	-	-	-	Mid Cap	14.05
Hindustan Petroleum Corporation Ltd.	Refineries & marketing	9.13	1.8	0.00%	0.00%	-	-	-	-	Large Cap	48.35
National Thermal Power Corporation Ltd.	Power generation	0.01	1.5	0.00%	0.00%	-	-	-	-	Large Cap	48.35
Oracle Financial Services Software Limited	Software products		80.9	0.00%	-0.21%	-	-	-	-	Mid Cap	14.05
Indian Railway Catering and Tourism Corporation Ltd.	Tour, travel related services		101.2	0.00%	-0.27%	-	-	-	-	Other	23.16
Colgate - Palmolive (India) Limited	Personal care	4.72	800.4	0.00%	-2.10%	-	-	-	-	Large Cap	48.35
LIC Housing Finance Ltd.	Housing finance company	1.14	0.6	0.00%	0.00%	-	-	-	-	Mid Cap	14.05

- 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
# Great Eastern Shipping Co. Ltd.	Shipping	716.4	1.89%	1.89%	1.89% (Oct 2025)	0% (Nov 2024)	6.51 L	651499
# SKF India (Industrial) Ltd.	Auto components & equipments	33.1	0.09%	0.09%	0.09% (Oct 2025)	0% (Nov 2024)	12.21 k	12212
# SBI Cards and Payment Services Ltd.	Non banking financial company (nbfc)	741.9	1.96%	1.96%	1.96% (Oct 2025)	0% (Nov 2024)	8.44 L	844377
# Oil & Natural Gas Corporation Ltd.	Oil exploration & production	242.9	0.64%	0.64%	0.64% (Oct 2025)	0% (Nov 2024)	9.51 L	951283
# SKF India Ltd.	Abrasives & bearings	26.1	0.07%	0.07%	0.07% (Oct 2025)	0% (Nov 2024)	12.21 k	12212
# Dr. Reddys Laboratories Ltd.	Pharmaceuticals	650.1	1.72%	1.72%	1.72% (Oct 2025)	0% (Nov 2024)	5.43 L	542851
# Gujarat State Petronet Ltd.	Gas transmission/marketing	218.3	0.58%	0.58%	0.58% (Oct 2025)	0% (Nov 2024)	7.05 L	704835
# Bharat Electronics Ltd.	Aerospace & defense	3.6	0.01%	0.01%	0.01% (Oct 2025)	0% (Nov 2024)	8.55 k	8550
# Muthoot Finance Pvt. Ltd.	Non banking financial company (nbfc)	956.7	2.53%	2.53%	2.53% (Oct 2025)	0% (Nov 2024)	3.01 L	300978
# Aptus Value Housing Finance India Ltd.	Housing finance company	430.4	1.14%	1.14%	1.14% (Oct 2025)	0% (Nov 2024)	13.55 L	1355079
# Wipro Ltd.	Computers - software & consulting	668.3	1.77%	1.77%	1.77% (Oct 2025)	0% (Nov 2024)	27.77 L	2776760
# Endurance Technologies Ltd.	Auto components & equipments	678.3	1.79%	1.79%	1.79% (Oct 2025)	0% (Nov 2024)	2.39 L	238962
# Bayer Cropscience Ltd.	Pesticides & agrochemicals	226.8	0.60%	0.60%	0.6% (Oct 2025)	0% (Nov 2024)	46.43 k	46429
# Castrol (india) Ltd.	Lubricants	220.5	0.58%	0.58%	0.58% (Oct 2025)	0% (Nov 2024)	11.31 L	1130938
# Tata Technologies Ltd.	Computers - software & consulting	234.2	0.62%	0.62%	0.62% (Oct 2025)	0% (Nov 2024)	3.38 L	338287

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
Mahanagar Gas Ltd.	Lpg/cng/png/lng supplier	434.2	0.00%	-1.14%	1.37% (Jun 2025)	0% (Nov 2024)	-335256
Coal India Ltd.	Coal	1282.5	0.00%	-3.36%	3.81% (Mar 2025)	0% (Nov 2024)	-3288846
Alkem Laboratories Ltd.	Pharmaceuticals	849.2	0.00%	-2.23%	3.22% (Dec 2024)	0% (Nov 2024)	-156538
- Hindalco Industries Ltd.	Aluminium	1.1	0.00%	0.00%	0% (Sep 2025)	0% (Nov 2024)	-1400
- CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	0.6	0.00%	0.00%	0% (Sep 2025)	0% (Nov 2024)	-850
Coforge Ltd.	Computers - software & consulting	122.8	0.00%	-0.32%	0.41% (Jun 2025)	0% (Nov 2024)	-77189
Alkyl Amines Chemicals Ltd.	Specialty chemicals	87.4	0.00%	-0.23%	0.3% (Jun 2025)	0% (Nov 2024)	-45681
Grindwell Norton Ltd.	Abrasives & bearings	72.4	0.00%	-0.19%	0.23% (Mar 2025)	0% (Nov 2024)	-45598
Havells India Ltd.	Consumer electronics	482.3	0.00%	-1.26%	1.48% (Apr 2025)	0% (Nov 2024)	-321104
Birlasoft Ltd.	Computers - software & consulting	65.3	0.00%	-0.17%	0.24% (Dec 2024)	0% (Nov 2024)	-184924
- Grasim Industries Limited	Cement & cement products	0.7	0.00%	0.00%	0% (Jul 2025)	0% (Nov 2024)	-250
Manappuram Finance Ltd.	Non banking financial company (nbfc)	11	0.00%	-0.03%	0.06% (Mar 2025)	0% (Nov 2024)	-39000
Cyient Ltd.	It enabled services	66	0.00%	-0.17%	0.23% (Dec 2024)	0% (Nov 2024)	-57538
LTIMindtree Ltd.	Computers - software & consulting	90.5	0.00%	-0.24%	0.26% (Jun 2025)	0% (Nov 2024)	-17550
Bharat Petroleum Corporation Ltd.	Refineries & marketing	2	0.00%	-0.01%	0.01% (Sep 2025)	0% (Nov 2024)	-5925
Sona BLW Precision Forgings Ltd.	Auto components & equipments	62	0.00%	-0.16%	0.23% (May 2025)	0% (Nov 2024)	-150615
ICICI Prudential Life Insurance Co Ltd.	Life insurance	2.2	0.00%	-0.01%	0.01% (May 2025)	0% (Nov 2024)	-3700
Divis Laboratories Ltd.	Pharmaceuticals	673.5	0.00%	-1.77%	2.22% (Jun 2025)	0% (Nov 2024)	-118374
Apollo Hospitals Enterprises Ltd.	Hospital	114	0.00%	-0.30%	0.31% (Apr 2025)	0% (Nov 2024)	-15383
Indian Energy Exchange Ltd.	Exchange and data platform	429	0.00%	-1.12%	1.74% (May 2025)	0% (Nov 2024)	-3081941
Happiest Minds Technologies Ltd.	Computers - software & consulting	72.5	0.00%	-0.19%	0.25% (Jun 2025)	0% (Nov 2024)	-136656
Torrent Pharmaceuticals Ltd.	Pharmaceuticals	846	0.00%	-2.22%	2.92% (Dec 2024)	0% (Nov 2024)	-234787
- Hindustan Petroleum Corporation Ltd.	Refineries & marketing	1.8	0.00%	0.00%	0% (Sep 2025)	0% (Nov 2024)	-4050
- National Thermal Power Corporation Ltd.	Power generation	1.5	0.00%	0.00%	0.01% (Feb 2025)	0% (Nov 2024)	-4500
Oracle Financial Services Software Limited	Software products	80.9	0.00%	-0.21%	0.26% (Dec 2024)	0% (Nov 2024)	-9629
Indian Railway Catering and Tourism Corporation Ltd.	Tour, travel related services	101.2	0.00%	-0.27%	0.4% (Nov 2024)	0% (Nov 2024)	-144469
Colgate - Palmolive (India) Limited	Personal care	800.4	0.00%	-2.10%	2.68% (Apr 2025)	0% (Nov 2024)	-360160
- LIC Housing Finance Ltd.	Housing finance company	0.6	0.00%	0.00%	0.09% (Jun 2025)	0% (Nov 2024)	-1000

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
Reliance Industries Ltd.	9.13%	8.66%	8.47%	8.78%	9.50%	9.21%	9.20%	8.60%	8.63%	8.60%	8.03%	7.94%	7.71%
HDFC Asset Management Co. Ltd.	2.38%	4.57%	4.48%	4.64%	4.50%	4.24%	3.96%	3.72%	2.62%	2.66%	2.82%	2.80%	2.84%
HCL Technologies Limited	0.67%	3.30%	3.44%	3.48%	4.32%	4.18%	4.09%	4.25%	3.27%	3.42%	3.71%	3.55%	3.37%
Coal India Ltd.	-	3.36%	3.21%	3.23%	3.54%	3.64%	3.60%	3.81%	2.75%	2.80%	2.66%	2.86%	3.08%
Bosch Ltd.	3.20%	3.63%	3.78%	3.82%	3.27%	3.21%	3.06%	2.75%	2.20%	2.28%	2.64%	2.69%	2.68%
Bajaj Auto Ltd.	0.62%	3.09%	3.05%	2.83%	3.13%	3.29%	3.18%	3.19%	2.45%	2.62%	2.54%	2.60%	2.80%
Alkem Laboratories Ltd.	-	2.23%	2.16%	2.05%	2.13%	2.24%	2.30%	2.78%	2.84%	2.96%	3.22%	3.20%	3.26%
Hero Motocorp Ltd.	1.78%	3.43%	3.17%	2.66%	2.79%	2.90%	2.65%	2.64%	2.03%	2.26%	2.12%	2.41%	2.50%
Muthoot Finance Pvt. Ltd.	2.53%	-	-	-	-	-	-	-	-	-	-	-	-
Torrent Pharmaceuticals Ltd.	-	2.22%	2.17%	2.29%	2.20%	2.09%	2.24%	2.69%	2.75%	2.91%	2.92%	2.87%	2.75%
Ajanta Pharma Limited	1.25%	1.81%	1.96%	2.18%	2.16%	2.15%	2.40%	2.96%	2.88%	2.98%	3.17%	3.25%	3.26%
Colgate - Palmolive (India) Limited	-	2.10%	2.19%	2.11%	2.38%	2.49%	2.68%	2.53%	2.03%	2.22%	2.06%	2.20%	2.31%
Bajaj Finance Ltd.	4.91%	2.24%	1.90%	1.95%	2.05%	2.03%	1.93%	2.22%	2.16%	1.75%	1.47%	1.51%	1.82%
SBI Cards and Payment Services Ltd.	1.96%	-	-	-	-	-	-	-	-	-	-	-	-
Britannia Industries Ltd.	2.94%	2.66%	2.56%	2.55%	2.72%	2.62%	2.64%	1.10%	1.04%	1.11%	1.01%	1.04%	1.20%

No of Debt Holding 9 (Category Avg - 29.49) | Modified Duration 0.12 Years (Category Avg - 3.12)| Yield to Maturity 5.47% (Category Avg - 6.65%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	2.80%	8.49%
CD	0.00%	0.28%
T-Bills	2.32%	0.96%
CP	0.00%	0.41%
NCD & Bonds	0.00%	10.62%
PTC	0.00%	0.29%

Category - Dynamic Asset Allocation or Balanced Advantage

Security Type	% Weight	Category Average
Government Backed	5.12%	9.46%
Low Risk	0.00%	0.00%
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	Value (Mn)	% of Total Holding	Quantity
Bond - T-Bill	T-Bills	Other	482.13	1.28%	50.00 L
Bond - Govt of India	GOI	Other	254.37	0.67%	25.00 L
Bond - Govt of India	GOI	Other	251.71	0.67%	25.00 L
Bond - Govt of India	GOI	Other	250.00	0.66%	25.00 L
Bond - Govt of India	GOI	Other	249.92	0.66%	25.00 L
Bond - T-Bill	T-Bills	Other	247.51	0.65%	25.00 L
Bond - T-Bill	T-Bills	Other	148.65	0.39%	15.00 L
Bond - Govt of India	GOI	Other	43.17	0.11%	4.31 L
Bond - Govt of India	GOI	Other	10.05	0.03%	1.00 L