NJ Flexi Cap 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 : Flexi Cap Fund

Fund House : NJ Mutual Fund

Portfolio Turnover Ratio : 66.00%. Category average turnover ratio is 188.48%. 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 : 94.10% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 94.10%

No of Stocks : 50 (Category Avg - 62.98) | Large Cap Investments : 62.22%| Mid Cap Investments : 12.48% | Small Cap Investments : 9.88% | Other : 9.51%

Portfolio Summary (as on 30th Sep,2025)

Particulars	This Scheme	Category
No. of Stocks	50	62.66
Top 5 Stock Weight	27.51%	25.47%
Top 10 Stock Weight	46.44%	40.34%
Top 3 Sector Weight	40.87%	30.73%

Category - Flexi Cap Fund

Particulars	This Scheme	Category
Average mcap (Cr)	70575.69	88390.12
Holdings in large cap stocks	62.22%	39.74%
Holdings in mid cap stocks	12.48%	12.7%
Holdings in small cap stocks	9.88%	11.35%

Category - Flexi Cap Fund

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 Asset Management Co. Ltd.	Asset management company	1661.2	6.89%	0.11%	6.98% (Jul 2025)	5.15% (Jan 2025)	3.00 L	2.31 k
Bosch Ltd.	Auto components & equipments	1320.8	5.48%	-0.24%	5.76% (Jul 2025)	4.4% (Jan 2025)	34.63 k	266.00
Hero Motocorp Ltd.	2/3 wheelers	1247.6	5.17%	0.38%	5.17% (Sep 2025)	3.72% (Apr 2025)	2.28 L	1.80 k
Coal India Ltd.	Coal	1205.9	5.00%	0.21%	5.73% (Oct 2024)	4.79% (Aug 2025)	30.92 L	23.41 k
HCL Technologies Limited	Computers - software & consulting	1199.2	4.97%	-0.23%	7.01% (Dec 2024)	4.97% (Sep 2025)	8.66 L	6.66 k
Bajaj Auto Ltd.	2/3 wheelers	1122.6	4.66%	0.04%	5.22% (Oct 2024)	4.26% (Jul 2025)	1.29 L	996.00
Britannia Industries Ltd.	Packaged foods	966.4	4.01%	0.13%	4.01% (Sep 2025)	1.91% (Dec 2024)	1.61 L	1.26 k
Eicher Motors Ltd.	2/3 wheelers	861.6	3.57%	0.47%	3.57% (Sep 2025)	2.46% (Nov 2024)	1.23 L	947.00
Alkem Laboratories Ltd.	Pharmaceuticals	809	3.35%	0.09%	6.08% (Dec 2024)	3% (Jun 2025)	1.49 L	1.15 k
Torrent Pharmaceuticals Ltd.	Pharmaceuticals	805.4	3.34%	0.05%	5.63% (Feb 2025)	3% (May 2025)	2.24 L	1.61 k

- 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 Asset Management Co. Ltd.	Asset management company	9.4	1661.2	6.89%	0.11%	6.98% (Jul 2025)	5.15% (Jan 2025)	3.00 L	2.31 k	Large Cap	62.22
Bosch Ltd.	Auto components & equipments	5.72	1320.8	5.48%	-0.24%	5.76% (Jul 2025)	4.4% (Jan 2025)	34.63 k	266.00	Large Cap	62.22
Hero Motocorp Ltd.	2/3 wheelers	13.4	1247.6	5.17%	0.38%	5.17% (Sep 2025)	3.72% (Apr 2025)	2.28 L	1.80 k	Large Cap	62.22
Coal India Ltd.	Coal	5	1205.9	5.00%	0.21%	5.73% (Oct 2024)	4.79% (Aug 2025)	30.92 L	23.41 k	Large Cap	62.22
HCL Technologies Limited	Computers - software & consulting	12.85	1199.2	4.97%	-0.23%	7.01% (Dec 2024)	4.97% (Sep 2025)	8.66 L	6.66 k	Large Cap	62.22
Bajaj Auto Ltd.	2/3 wheelers	13.4	1122.6	4.66%	0.04%	5.22% (Oct 2024)	4.26% (Jul 2025)	1.29 L	996.00	Large Cap	62.22
Britannia Industries Ltd.	Packaged foods	5.74	966.4	4.01%	0.13%	4.01% (Sep 2025)	1.91% (Dec 2024)	1.61 L	1.26 k	Large Cap	62.22
Eicher Motors Ltd.	2/3 wheelers	13.4	861.6	3.57%	0.47%	3.57% (Sep 2025)	2.46% (Nov 2024)	1.23 L	947.00	Other	9.51
Alkem Laboratories Ltd.	Pharmaceuticals	14.62	809	3.35%	0.09%	6.08% (Dec 2024)	3% (Jun 2025)	1.49 L	1.15 k	Mid Cap	12.48
Torrent Pharmaceuticals Ltd.	Pharmaceuticals	14.62	805.4	3.34%	0.05%	5.63% (Feb 2025)	3% (May 2025)	2.24 L	1.61 k	Mid Cap	12.48
Colgate - Palmolive (India) Limited	Personal care	8.27	762.4	3.16%	-0.14%	4.3% (Oct 2024)	3.16% (Sep 2025)	3.43 L	2.82 k	Large Cap	62.22
Ajanta Pharma Limited	Pharmaceuticals	14.62	656.7	2.72%	-0.25%	6.06% (Oct 2024)	2.72% (Sep 2025)	2.73 L	-0.15 L	Small Cap	9.88
Gillette India Ltd.	Personal care	8.27	644.4	2.67%	-0.32%	3.2% (Jul 2025)	2.47% (Apr 2025)	67.97 k	-3.35 k	Mid Cap	12.48
Divis Laboratories Ltd.	Pharmaceuticals	14.62	641.6	2.66%	-0.20%	3.12% (Jun 2025)	2.66% (Sep 2025)	1.13 L	868.00	Large Cap	62.22
UTI Asset Management Co. Pvt. Ltd.	Asset management company	9.4	605.1	2.51%	-0.13%	2.81% (Dec 2024)	2.25% (Apr 2025)	4.64 L	-0.28 L	Other	9.51
DR. LAL PATHLABS Ltd.	Healthcare service provider	2.31	558.1	2.31%	-0.13%	2.45% (Aug 2025)	2% (Mar 2025)	1.79 L	1.32 k	Small Cap	9.88
Pidilite Industries Ltd.	Specialty chemicals	2.58	537.6	2.23%	-0.08%	2.39% (Feb 2025)	2.16% (Jul 2025)	3.66 L	1.84 L	Large Cap	62.22
Tech Mahindra Ltd.	Computers - software & consulting	12.85	526.9	2.18%	-0.12%	2.79% (Jan 2025)	2.18% (Sep 2025)	3.76 L	2.80 k	Large Cap	62.22
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	14.62	507.9	2.11%	0.01%	2.54% (Dec 2024)	2.1% (Aug 2025)	3.19 L	2.43 k	Large Cap	62.22
Petronet LNG Ltd.	Lpg/cng/png/lng supplier	3.77	495.6	2.05%	0.08%	2.6% (Dec 2024)	1.98% (Aug 2025)	17.77 L	13.68 k	Large Cap	62.22
Infosys Ltd.	Computers - software & consulting	12.85	463.1	1.92%	-0.03%	2.67% (Jan 2025)	1.92% (Sep 2025)	3.21 L	2.58 k	Large Cap	62.22
Havells India Ltd.	Consumer electronics	1.9	459.1	1.90%	-0.02%	2.17% (Nov 2024)	1.89% (Jul 2025)	3.06 L	2.24 k	Large Cap	62.22
- Nestle India Ltd.	Packaged foods	5.74	418.4	1.73%	0.00%	1.92% (Apr 2025)	0.35% (Dec 2024)	3.63 L	2.69 k	Other	9.51
Mahanagar Gas Ltd.	Lpg/cng/png/lng supplier	3.77	413.6	1.72%	0.06%	2% (Mar 2025)	1.57% (Nov 2024)	3.19 L	2.46 k	Small Cap	9.88
Tata Consultancy Services Ltd.	Computers - software & consulting	12.85	412	1.71%	-0.11%	2.6% (Jan 2025)	1.71% (Sep 2025)	1.43 L	1.10 k	Large Cap	62.22
- Indian Energy Exchange Ltd.	Exchange and data platform	1.69	408.6	1.69%	0.00%	2.46% (May 2025)	1.63% (Jul 2025)	29.36 L	23.01 k	Small Cap	9.88
ITC Limited	Diversified fmcg	1.66	401.4	1.66%	-0.03%	1.92% (Mar 2025)	0.4% (Nov 2024)	10.00 L	7.82 k	Large Cap	62.22
Asian Paints (india) Ltd.	Paints	2.02	399.7	1.66%	-0.11%	1.86% (Mar 2025)	0.31% (Dec 2024)	1.70 L	1.26 k	Large Cap	62.22
Dabur India Ltd.	Personal care	8.27	393.7	1.63%	-0.09%	1.76% (Apr 2025)	0.36% (Dec 2024)	8.01 L	6.17 k	Large Cap	62.22
Coforge Ltd.	Computers - software & consulting	12.85	117	0.49%	-0.04%	0.6% (Dec 2024)	0.46% (Apr 2025)	73.52 k	562.00	Other	9.51
Apollo Hospitals Enterprises Ltd.	Hospital	0.45	108.6	0.45%	-0.01%	0.46% (Aug 2025)	0.41% (Nov 2024)	14.65 k	107.00	Mid Cap	12.48
Abbott India Ltd.	Pharmaceuticals	14.62	105.9	0.44%	-0.03%	0.54% (Feb 2025)	0.41% (Nov 2024)	3.62 k	26.00	Mid Cap	12.48
Marico Ltd.	Personal care	8.27	105.4	0.44%	-0.02%	0.46% (Apr 2025)	0.4% (Oct 2024)	1.51 L	1.18 k	Large Cap	62.22
Page Industries Ltd.	Garments & apparels	0.42	100.2	0.42%	-0.04%	0.49% (Jul 2025)	0.42% (Sep 2025)	2.46 k	19.00	Mid Cap	12.48
CRISIL Ltd.	Other financial services	0.42	100.1	0.42%	-0.05%	0.63% (Dec 2024)	0.42% (Sep 2025)	22.57 k	174.00	Mid Cap	12.48
Mphasis Ltd.	Computers - software & consulting	12.85	92.3	0.38%	-0.02%	0.44% (Jan 2025)	0.37% (Apr 2025)	34.75 k	259.00	Mid Cap	12.48
Procter & Gamble Hygiene & Health Care Ltd.	Personal care	8.27	88.6	0.37%	0.03%	0.42% (Feb 2025)	0.34% (Aug 2025)	6.26 k	48.00	Large Cap	62.22
Berger Paints India Ltd.	Paints	2.02	87.2	0.36%	-0.01%	0.41% (Feb 2025)	0.32% (Dec 2024)	1.69 L	1.30 k	Large Cap	62.22
LTIMindtree Ltd.	Computers - software & consulting	12.85	86.3	0.36%	0.00%	0.44% (Jan 2025)	0.33% (Apr 2025)	16.72 k	129.00	Mid Cap	12.48
Alkyl Amines Chemicals Ltd.	Specialty chemicals	2.58	83.3	0.35%	-0.02%	0.42% (Jul 2025)	0.32% (Mar 2025)	43.51 k	335.00	Other	9.51
Kajaria Ceramics Ltd.	Ceramics	0.34	82.6	0.34%	-0.01%	0.35% (Aug 2025)	0.24% (Apr 2025)	70.77 k	544.00	Small Cap	9.88
L&T Technology Services Ltd.	It enabled services	0.59	80.7	0.33%	-0.01%	0.47% (Jan 2025)	0.33% (Sep 2025)	19.61 k	151.00	Mid Cap	12.48
Indian Railway Catering and Tourism Corporation Ltd.	Tour, travel related services	0.33	78.9	0.33%	0.01%	0.41% (Jan 2025)	0.32% (Aug 2025)	1.13 L	867.00	Other	9.51
Oracle Financial Services Software Limited	Software products	0.32	77.1	0.32%	0.01%	0.5% (Dec 2024)	0.31% (Aug 2025)	9.17 k	71.00	Mid Cap	12.48
- Tata Elxsi Ltd.	Computers - software & consulting	12.85	70.6	0.29%	0.00%	0.39% (Oct 2024)	0.29% (Aug 2025)	13.50 k	102.00	Small Cap	9.88
Happiest Minds Technologies Ltd.	Computers - software & consulting	12.85	69.1	0.29%	-0.02%	0.44% (Feb 2025)	0.29% (Sep 2025)	1.30 L	1.00 k	Other	9.51
Grindwell Norton Ltd.	Abrasives & bearings	0.29	69	0.29%	0.01%	0.39% (Oct 2024)	0.28% (Jul 2025)	43.43 k	335.00	Small Cap	9.88
- Cyient Ltd.	It enabled services	0.59	62.8	0.26%	0.00%	0.42% (Nov 2024)	0.26% (Sep 2025)	54.78 k	415.00	Small Cap	9.88
Birlasoft Ltd.	Computers - software & consulting	12.85	62.2	0.26%	-0.01%	0.43% (Nov 2024)	0.26% (Sep 2025)	1.76 L	1.36 k	Small Cap	9.88
Sona BLW Precision Forgings Ltd.	Auto components & equipments	5.72	59.1	0.24%	-0.02%	0.4% (Oct 2024)	0.24% (Sep 2025)	1.43 L	1.12 k	Other	9.51

- 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
No new entrants in the portfolio in the last month.

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	Quantity	1M Change in Qty
No complete exits in the portfolio in the last month.

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
Central Depository Services (India) Ltd.	-	-	-	-	-	-	-	-	-	-	-	-	6.16%
HCL Technologies Limited	4.97%	5.20%	5.23%	6.07%	5.92%	5.79%	6.23%	6.69%	6.62%	7.01%	6.62%	6.26%	4.27%
HDFC Asset Management Co. Ltd.	6.89%	6.78%	6.98%	6.33%	6.00%	5.61%	5.44%	5.35%	5.15%	5.32%	5.22%	5.29%	4.20%
Coal India Ltd.	5.00%	4.79%	4.79%	4.92%	5.13%	5.09%	5.56%	5.61%	5.42%	5.02%	5.33%	5.73%	4.31%
Bosch Ltd.	5.48%	5.72%	5.76%	4.59%	4.57%	4.50%	4.43%	4.51%	4.40%	4.98%	5.01%	4.99%	-
Power Grid Corporation of India Ltd.	-	-	-	-	-	-	-	-	-	-	-	-	4.67%
Bajaj Auto Ltd.	4.66%	4.61%	4.26%	4.40%	4.65%	4.44%	4.60%	5.02%	5.07%	4.81%	4.83%	5.22%	2.91%
Ajanta Pharma Limited	2.72%	2.97%	3.31%	3.10%	3.16%	3.64%	5.66%	5.90%	5.76%	5.98%	6.05%	6.06%	-
Alkem Laboratories Ltd.	3.35%	3.27%	3.09%	3.00%	3.24%	3.41%	5.14%	5.83%	5.73%	6.08%	5.96%	6.05%	-
Rural Electrification Corporation Limited	-	-	-	-	-	-	-	-	-	-	-	-	4.51%
Hero Motocorp Ltd.	5.17%	4.79%	4.00%	3.92%	4.10%	3.72%	3.83%	4.12%	4.38%	4.01%	4.49%	4.66%	-
Torrent Pharmaceuticals Ltd.	3.34%	3.29%	3.44%	3.09%	3.00%	3.29%	4.84%	5.63%	5.63%	5.52%	5.35%	5.10%	2.81%
Colgate - Palmolive (India) Limited	3.16%	3.30%	3.17%	3.35%	3.52%	3.79%	3.70%	4.15%	4.29%	3.88%	4.10%	4.30%	3.02%
Sonata Software Ltd.	-	-	-	-	-	-	-	-	-	-	-	-	3.20%
Oil India Ltd.	-	-	-	-	-	-	-	-	-	-	-	-	3.12%