Quant Small 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 : Small Cap Fund

Equity Holding : 94.09% | F&O Holdings : 0.34%| Foreign Equity Holdings : 0.00%| Total : 94.43%

No of Stocks : 98 (Category Avg - 88.97) | Large Cap Investments : 11.82%| Mid Cap Investments : 16.51% | Small Cap Investments : 33.07% | Other : 33.01%

Portfolio Summary (as on 31st Dec,2025)

Particulars	This Scheme	Category
No. of Stocks	98	88.45
Top 5 Stock Weight	25.88%	15.34%
Top 10 Stock Weight	38.5%	26.25%
Top 3 Sector Weight	28%	20.78%

Category - Small Cap Fund

Particulars	This Scheme	Category
Average mcap (Cr)	84150.69	9652.7
Holdings in large cap stocks	11.82%	2.83%
Holdings in mid cap stocks	16.51%	10.42%
Holdings in small cap stocks	33.07%	43.56%

Category - Small Cap Fund

Top 10 Stocks holding in Portfolio (as on 31st Dec,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	29159	9.79%	-0.37%	10.58% (Feb 2025)	9.11% (Sep 2025)	1.86 Cr	-9.88 L
Jio Financial Services Ltd.	Non banking financial company (nbfc)	17841.4	5.99%	-0.15%	6.76% (Jul 2025)	4.78% (Feb 2025)	6.05 Cr	0.00
RBL Bank Ltd.	Private sector bank	11971.8	4.02%	0.09%	4.06% (Oct 2025)	2.42% (Jan 2025)	3.79 Cr	0.00
Aegis Logistics Ltd.	Trading - gas	9460.9	3.18%	-0.16%	4.39% (Feb 2025)	3.08% (Aug 2025)	1.32 Cr	0.00
Adani Power Ltd.	Power generation	8641	2.90%	-0.05%	3.13% (Oct 2025)	2.18% (May 2025)	6.04 Cr	0.00
Sun TV Network Ltd.	Tv broadcasting & software production	8614.2	2.89%	0.78%	2.89% (Dec 2025)	1.84% (Sep 2025)	1.47 Cr	32.15 L
Anand Rathi Wealth Services Ltd.	Financial products distributor	8015.4	2.69%	0.23%	2.69% (Dec 2025)	1.44% (Apr 2025)	25.75 L	0.00
Piramal Finance Ltd.	Non banking financial company (nbfc)	7123.3	2.39%	0.17%	2.39% (Dec 2025)	0% (Jan 2025)	43.36 L	0.00
Aster DM Healthcare Ltd.	Hospital	6973.6	2.34%	-0.15%	2.51% (Oct 2025)	1.88% (Feb 2025)	1.13 Cr	0.00
Bikaji Foods International Ltd.	Packaged foods	6877.8	2.31%	0.13%	3.13% (Feb 2025)	2.18% (Nov 2025)	91.73 L	0.00

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

View complete holding

Complete equity Portfolio (as on 31st Dec,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	9.79	29159	9.79%	-0.37%	10.58% (Feb 2025)	9.11% (Sep 2025)	1.86 Cr	-9.88 L	Large Cap	11.82
Jio Financial Services Ltd.	Non banking financial company (nbfc)	10.14	17841.4	5.99%	-0.15%	6.76% (Jul 2025)	4.78% (Feb 2025)	6.05 Cr	0.00	Other	33.01
RBL Bank Ltd.	Private sector bank	5.04	11971.8	4.02%	0.09%	4.06% (Oct 2025)	2.42% (Jan 2025)	3.79 Cr	0.00	Mid Cap	16.51
Aegis Logistics Ltd.	Trading - gas	3.18	9460.9	3.18%	-0.16%	4.39% (Feb 2025)	3.08% (Aug 2025)	1.32 Cr	0.00	Small Cap	33.07
Adani Power Ltd.	Power generation	4.75	8641	2.90%	-0.05%	3.13% (Oct 2025)	2.18% (May 2025)	6.04 Cr	0.00	Other	33.01
Sun TV Network Ltd.	Tv broadcasting & software production	2.89	8614.2	2.89%	0.78%	2.89% (Dec 2025)	1.84% (Sep 2025)	1.47 Cr	32.15 L	Mid Cap	16.51
Anand Rathi Wealth Services Ltd.	Financial products distributor	2.69	8015.4	2.69%	0.23%	2.69% (Dec 2025)	1.44% (Apr 2025)	25.75 L	0.00	Other	33.01
Piramal Finance Ltd.	Non banking financial company (nbfc)	10.14	7123.3	2.39%	0.17%	2.39% (Dec 2025)	0% (Jan 2025)	43.36 L	0.00	Other	33.01
Aster DM Healthcare Ltd.	Hospital	2.34	6973.6	2.34%	-0.15%	2.51% (Oct 2025)	1.88% (Feb 2025)	1.13 Cr	0.00	Small Cap	33.07
Bikaji Foods International Ltd.	Packaged foods	3.69	6877.8	2.31%	0.13%	3.13% (Feb 2025)	2.18% (Nov 2025)	91.73 L	0.00	Other	33.01
Ventive Hospitality Ltd.	Hotels & resorts	3.31	6407.5	2.15%	0.14%	2.38% (Mar 2025)	1.92% (Jun 2025)	83.99 L	63.77 k	Other	33.01
Poly Medicure Ltd.	Medical equipment & supplies	2.06	6131.7	2.06%	-0.12%	3.09% (Apr 2025)	2.06% (Dec 2025)	34.57 L	66.67 k	Small Cap	33.07
HFCL Ltd.	Telecom - infrastructure	2.05	6099.2	2.05%	0.19%	2.87% (Jan 2025)	1.82% (Oct 2025)	9.00 Cr	99.11 L	Small Cap	33.07
NBCC (India) Ltd.	Civil construction	6.29	5967.3	2.00%	0.11%	2% (Dec 2025)	0% (Jan 2025)	4.90 Cr	0.00	Mid Cap	16.51
Adani Enterprises Ltd.	Trading - minerals	1.99	5528.2	1.86%	-0.01%	2.3% (Mar 2025)	1.86% (Dec 2025)	24.68 L	0.00	Mid Cap	16.51
# Adani Green Energy Ltd.	Power generation	4.75	5518.4	1.85%	1.85%	1.85% (Dec 2025)	0% (Jan 2025)	54.36 L	54.36 L	Small Cap	33.07
Capri Global Capital Ltd.	Non banking financial company (nbfc)	10.14	5233.9	1.76%	-0.02%	1.89% (Oct 2025)	0% (Jan 2025)	2.86 Cr	1.75 L	Other	33.01
Aditya Birla Lifestyle Brands Ltd.	Speciality retail	2.29	5096.2	1.71%	0.14%	1.95% (May 2025)	0% (Jan 2025)	3.99 Cr	35.84 L	Other	33.01
Usha Martin Ltd.	Iron & steel products	3.06	4865.1	1.63%	0.11%	1.68% (Sep 2025)	1.03% (May 2025)	1.07 Cr	0.00	Small Cap	33.07
Bayer Cropscience Ltd.	Pesticides & agrochemicals	1.68	4727.6	1.59%	-0.01%	2.12% (Jul 2025)	1.58% (Oct 2025)	10.37 L	0.00	Mid Cap	16.51
Arvind Ltd.	Garments & apparels	1.77	4694.2	1.58%	-0.15%	2.1% (Feb 2025)	1.38% (Aug 2025)	1.48 Cr	0.00	Small Cap	33.07
Sequent Scientific Ltd.	Pharmaceuticals	8.07	4692.6	1.58%	-0.09%	1.67% (Nov 2025)	1.18% (Mar 2025)	2.25 Cr	0.00	Small Cap	33.07
Pfizer Ltd.	Pharmaceuticals	8.07	4561.4	1.53%	0.02%	1.74% (May 2025)	1.41% (Mar 2025)	9.15 L	0.00	Mid Cap	16.51
- Minda Corporation Ltd.	Auto components & equipments	2.48	4193	1.41%	0.00%	1.65% (Jan 2025)	1.24% (Jul 2025)	73.04 L	0.00	Small Cap	33.07
Zydus Wellness Ltd.	Packaged foods	3.69	4106.8	1.38%	0.09%	1.41% (Oct 2025)	1.03% (Apr 2025)	90.34 L	0.00	Other	33.01
Marathon Nextgen Realty Ltd.	Residential, commercial projects	2.47	3603.1	1.21%	0.05%	1.32% (Jul 2025)	0% (Jan 2025)	64.80 L	1.00 L	Small Cap	33.07
Welspun Corp Ltd.	Iron & steel products	3.06	3517.7	1.18%	-0.05%	1.43% (May 2025)	1.04% (Jan 2025)	43.19 L	0.00	Small Cap	33.07
- Welspun Enterprises Ltd.	Civil construction	6.29	3491.1	1.17%	0.00%	1.3% (Mar 2025)	0.87% (Jan 2025)	67.12 L	0.00	Small Cap	33.07
Keystone Realtors Private Ltd.	Residential, commercial projects	2.47	3275.6	1.10%	-0.02%	1.43% (Jan 2025)	1.1% (Dec 2025)	62.19 L	0.00	Other	33.01
Strides Pharma Science Ltd.	Pharmaceuticals	8.07	3201.6	1.07%	0.10%	1.07% (Dec 2025)	0.83% (Apr 2025)	35.56 L	2.15 L	Small Cap	33.07
Motherson Sumi Systems Ltd.	Auto components & equipments	2.48	3182.2	1.07%	0.19%	1.07% (Dec 2025)	0.73% (Aug 2025)	2.65 Cr	37.95 L	Large Cap	11.82
- Jubilant Life Sciences Ltd.	Pharmaceuticals	8.07	3163.2	1.06%	0.00%	1.23% (May 2025)	1.01% (Apr 2025)	29.47 L	0.00	Mid Cap	16.51
Karnataka Bank Ltd.	Private sector bank	5.04	3032.1	1.02%	-0.02%	1.12% (Jan 2025)	0.86% (Oct 2025)	1.48 Cr	0.00	Small Cap	33.07
EID-Parry (India) Ltd.	Other agricultural products	0.95	2832.8	0.95%	0.02%	1.15% (Jul 2025)	0.77% (Feb 2025)	27.38 L	0.00	Small Cap	33.07
NCC Ltd.	Civil construction	6.29	2776.5	0.93%	-0.05%	1.28% (May 2025)	0.36% (Jan 2025)	1.73 Cr	0.00	Small Cap	33.07
- Just Dial Ltd.	Internet & catalogue retail	0.92	2732.7	0.92%	0.00%	1.39% (Feb 2025)	0.92% (Dec 2025)	37.68 L	0.00	Small Cap	33.07
Orchid Pharma Ltd.	Pharmaceuticals	8.07	2630.5	0.88%	-0.07%	1.94% (Jan 2025)	0.77% (May 2025)	34.66 L	0.00	Other	33.01
Afcons Infrastructure Ltd.	Civil construction	6.29	2569.5	0.86%	-0.03%	1.25% (Mar 2025)	0.31% (Jan 2025)	66.41 L	0.00	Other	33.01
JM Financial Ltd.	Investment company	0.84	2508.8	0.84%	0.04%	1.03% (Aug 2025)	0.65% (Mar 2025)	1.67 Cr	0.00	Small Cap	33.07
Anthem Biosciences Ltd.	Biotechnology	0.81	2399.4	0.81%	0.03%	1.05% (Aug 2025)	0% (Jan 2025)	36.83 L	0.00	Other	33.01
- Gland Pharma Ltd.	Pharmaceuticals	8.07	2370	0.80%	-0.01%	0.94% (Sep 2025)	0% (Jan 2025)	13.76 L	0.00	Other	33.01
# HDFC Life Insurance Company Ltd.	Life insurance	0.58	1742	0.58%	0.58%	0.58% (Dec 2025)	0% (Jan 2025)	23.23 L	23.23 L	Large Cap	11.82
EPL Ltd.	Packaging	0.57	1700	0.57%	0.04%	0.72% (Jan 2025)	0.52% (Oct 2025)	78.99 L	0.00	Small Cap	33.07
Glenmark Life Sciences Ltd.	Pharmaceuticals	8.07	1600	0.54%	0.02%	0.54% (Dec 2025)	0.2% (Feb 2025)	17.46 L	0.00	Other	33.01
Tvs Srichakra Ltd.	Tyres & rubber products	0.53	1588.5	0.53%	-0.05%	0.59% (Nov 2025)	0.37% (Aug 2025)	3.78 L	0.00	Small Cap	33.07
Welspun Living Ltd.	Other textile products	1.37	1582.7	0.53%	-0.07%	0.6% (Nov 2025)	0% (Jan 2025)	1.21 Cr	0.00	Small Cap	33.07
Aarti Industries Ltd.	Specialty chemicals	1.22	1560.8	0.52%	0.06%	0.6% (May 2025)	0% (Jan 2025)	41.74 L	5.38 L	Mid Cap	16.51
Juniper Hotels Ltd.	Hotels & resorts	3.31	1521.1	0.51%	0.03%	0.65% (Apr 2025)	0.48% (Nov 2025)	59.80 L	0.00	Other	33.01
Apeejay Surrendra Park Hotels Ltd.	Hotels & resorts	3.31	1422.3	0.48%	-0.01%	0.75% (Jan 2025)	0.48% (Dec 2025)	1.06 Cr	0.00	Other	33.01
IRB Infrastructure Developers Ltd.	Civil construction	6.29	1414.5	0.47%	0.00%	0.48% (Nov 2025)	0% (Jan 2025)	3.36 Cr	0.00	Other	33.01
- Gujarat State Fertilizers & Chemicals Ltd.	Fertilizers	0.47	1398.7	0.47%	0.00%	0.62% (Jan 2025)	0.47% (Nov 2025)	76.62 L	0.00	Small Cap	33.07
- Aditya Birla Fashion and Retail Ltd.	Speciality retail	2.29	1388.4	0.47%	0.00%	3.5% (Jan 2025)	0.47% (Dec 2025)	1.81 Cr	0.00	Mid Cap	16.51
K.P.R. Mill Ltd.	Other textile products	1.37	1240	0.42%	-0.05%	0.53% (May 2025)	0% (Jan 2025)	13.16 L	0.00	Other	33.01
- Aptus Value Housing Finance India Ltd.	Housing finance company	0.56	1018.5	0.34%	0.00%	0.4% (Sep 2025)	0% (Jan 2025)	36.49 L	0.00	Other	33.01
NBCC (India) Ltd. : Futures Near	Civil construction	6.29	1006	0.34%	0.00%	0.34% (Dec 2025)	0% (Jan 2025)	82.29 L	0.62 Cr	Large Cap	11.82
Black Box Ltd.	It enabled services	0.47	997.4	0.33%	0.02%	0.33% (Dec 2025)	0% (Jan 2025)	18.11 L	26.79 k	Other	33.01
Indoco Remedies Ltd.	Pharmaceuticals	8.07	985.1	0.33%	-0.03%	0.45% (Jul 2025)	0.33% (Dec 2025)	41.99 L	0.00	Small Cap	33.07
BASF India Ltd.	Specialty chemicals	1.22	962.6	0.32%	-0.01%	0.34% (Nov 2025)	0.25% (Oct 2025)	2.43 L	0.00	Small Cap	33.07
Sula Vineyards Ltd.	Breweries & distilleries	0.31	910.3	0.31%	-0.02%	0.58% (Jan 2025)	0.31% (Dec 2025)	41.94 L	0.00	Other	33.01
Nitin Spinners Ltd.	Other textile products	1.37	859.7	0.29%	-0.01%	0.45% (Jan 2025)	0.29% (Dec 2025)	27.30 L	0.00	Small Cap	33.07
- Balrampur Chini Mills Ltd.	Sugar	0.28	844.6	0.28%	0.00%	0.42% (Mar 2025)	0.28% (Nov 2025)	19.01 L	0.00	Small Cap	33.07
Bata India Ltd.	Footwear	0.28	825.8	0.28%	-0.25%	1.08% (May 2025)	0.28% (Dec 2025)	8.76 L	-7.18 L	Mid Cap	16.51
Suven Life Sciences Ltd.	Healthcare research, analytics & technology	0.26	781.7	0.26%	-0.01%	0.35% (Aug 2025)	0% (Jan 2025)	47.01 L	0.00	Small Cap	33.07
Oswal Pumps Ltd.	Compressors, pumps & diesel engines	0.26	772.6	0.26%	-0.01%	0.4% (Aug 2025)	0% (Jan 2025)	14.66 L	0.00	Other	33.01
- Man Infraconstruction Ltd.	Civil construction	6.29	771.1	0.26%	0.00%	0.48% (Jan 2025)	0.26% (Nov 2025)	60.30 L	0.00	Small Cap	33.07
Rishabh instruments Ltd.	Other electrical equipment	0.42	757.4	0.25%	-0.01%	0.27% (Aug 2025)	0.16% (Mar 2025)	18.97 L	0.00	Other	33.01
- Maharashtra Seamless Ltd.	Iron & steel products	3.06	730	0.25%	-0.01%	0.36% (Mar 2025)	0.24% (Oct 2025)	13.00 L	0.00	Small Cap	33.07
India Shelter Finance Corporation Ltd.	Housing finance company	0.56	655.1	0.22%	-0.02%	0.72% (Mar 2025)	0.22% (Dec 2025)	8.15 L	0.00	Other	33.01
- Castrol (india) Ltd.	Lubricants	0.2	597	0.20%	0.00%	0.24% (May 2025)	0% (Jan 2025)	31.01 L	0.00	Mid Cap	16.51
SMS Pharmaceuticals Ltd.	Pharmaceuticals	8.07	577.3	0.19%	0.00%	0.2% (Nov 2025)	0.12% (Jan 2025)	18.60 L	0.00	Small Cap	33.07
- Vinati Organics Ltd.	Specialty chemicals	1.22	575.6	0.19%	0.00%	0.23% (Jul 2025)	0% (Jan 2025)	3.62 L	0.00	Other	33.01
# SP Apparels Ltd.	Garments & apparels	1.77	565.6	0.19%	0.19%	0.19% (Dec 2025)	0% (Jan 2025)	8.05 L	8.05 L	Small Cap	33.07
Himadri Speciality Chemical Ltd.	Specialty chemicals	1.22	557.9	0.19%	0.09%	0.58% (Jan 2025)	0.1% (Nov 2025)	11.44 L	4.69 L	Small Cap	33.07
Orissa Minerals Development Co. Ltd.	Industrial minerals	0.18	536.2	0.18%	0.01%	0.27% (Jan 2025)	0.17% (Sep 2025)	1.07 L	0.00	Small Cap	33.07
Capacite Infraprojects Ltd.	Civil construction	6.29	515.6	0.17%	-0.01%	0.29% (Jan 2025)	0.17% (Dec 2025)	20.27 L	0.00	Small Cap	33.07
Exicom Tele-Systems Ltd.	Other electrical equipment	0.42	509.9	0.17%	0.01%	0.37% (Jan 2025)	0.16% (Nov 2025)	43.43 L	0.00	Other	33.01
Intellect Design Arena ltd.	Computers - software & consulting	0.16	489.3	0.16%	-0.02%	0.19% (Oct 2025)	0% (Jan 2025)	5.04 L	0.00	Small Cap	33.07
Indiabulls Real Estate Ltd.	Residential, commercial projects	2.47	468.4	0.16%	-0.05%	0.37% (Mar 2025)	0.16% (Dec 2025)	79.63 L	0.00	Small Cap	33.07
Prime Securities Ltd.	Stockbroking & allied	0.15	455.6	0.15%	-0.01%	0.17% (Jan 2025)	0.14% (Apr 2025)	16.50 L	0.00	Small Cap	33.07
Newgen Software Technologies Ltd.	It enabled services	0.47	425.6	0.14%	0.00%	0.22% (May 2025)	0% (Jan 2025)	5.04 L	0.00	Small Cap	33.07
# Adani Enterprises Ltd. - Partly Paid up	Trading - minerals	1.99	396.8	0.13%	0.13%	0.13% (Dec 2025)	0% (Jan 2025)	2.96 L	2.96 L	Other	33.01
- Vardhman Textiles Ltd.	Other textile products	1.37	378.8	0.13%	0.00%	0.16% (Jan 2025)	0.12% (Sep 2025)	8.66 L	0.00	Other	33.01
Digitide Solutions Ltd.	Business process outsourcing (bpo)/ knowledge process outsourcing (kpo)	0.12	352.6	0.12%	-0.01%	0.13% (Jul 2025)	0% (Jan 2025)	26.69 L	0.00	Other	33.01
- Sai Silk (Kalamandir) Ltd.	Speciality retail	2.29	328.7	0.11%	0.00%	0.14% (Jan 2025)	0.09% (May 2025)	20.95 L	0.00	Other	33.01
Indian Hume Pipe Co. Ltd.	Industrial products	0.11	313.4	0.11%	0.00%	0.12% (May 2025)	0.09% (Oct 2025)	7.69 L	0.00	Small Cap	33.07
Mahindra Holidays & Resorts India Ltd.	Hotels & resorts	3.31	309	0.10%	0.00%	0.13% (May 2025)	0% (Jan 2025)	9.99 L	0.00	Small Cap	33.07
Graphite India Ltd.	Electrodes & refractories	0.1	291.5	0.10%	0.01%	0.1% (Dec 2025)	0% (Jan 2025)	4.54 L	0.00	Small Cap	33.07
- Ethos Ltd.	Gems, jewellery and watches	0.1	283.1	0.10%	0.00%	0.1% (Nov 2025)	0% (Jan 2025)	95.11 k	0.00	Other	33.01
Vishnu Prakash R Punglia Ltd.	Civil construction	6.29	267.9	0.09%	-0.05%	0.51% (Jan 2025)	0.09% (Dec 2025)	50.88 L	0.00	Other	33.01
- Sanofi India Ltd.	Pharmaceuticals	8.07	261.2	0.09%	-0.01%	0.15% (Mar 2025)	0.09% (Dec 2025)	63.91 k	0.00	Mid Cap	16.51
Oriental Hotels Ltd.	Hotels & resorts	3.31	210.3	0.07%	-0.03%	0.21% (Jan 2025)	0.07% (Dec 2025)	20.41 L	-5.86 L	Small Cap	33.07
Best Agrolife Ltd.	Pesticides & agrochemicals	1.68	190.4	0.06%	0.00%	0.1% (Jan 2025)	0.05% (Mar 2025)	5.00 L	0.00	Small Cap	33.07
Stanley Lifestyles Ltd.	Furniture, home furnishing	0.04	129.9	0.04%	-0.01%	0.08% (Jun 2025)	0% (Jan 2025)	6.73 L	0.00	Other	33.01
Oil & Natural Gas Corporation Ltd.	Oil exploration & production	0.04	120.1	0.04%	-1.44%	1.54% (Oct 2025)	0.04% (Dec 2025)	5.00 L	-1.79 Cr	Large Cap	11.82
# Ravindra Energy Ltd.	Trading & distributors	0.04	111.2	0.04%	0.04%	0.04% (Dec 2025)	0% (Jan 2025)	7.00 L	7.00 L	Small Cap	33.07
- Punjab Alkalies & Chemicals Ltd.	Commodity chemicals	0.04	109.1	0.04%	0.00%	0.06% (Jan 2025)	0.03% (Oct 2025)	45.57 L	0.00	Other	33.01
- Sumitomo Chemical India Private Ltd.	Pesticides & agrochemicals	1.68	95.1	0.03%	0.00%	0.03% (Dec 2025)	0% (Jan 2025)	2.02 L	0.00	Other	33.01
Om Metals Infraprojects Ltd.	Engineering, designing, construction	0	13.7	0.00%	0.00%	0.01% (Jan 2025)	0% (Dec 2025)	1.41 L	0.00	Small Cap	33.07
Adani Enterprises Ltd. - Rights	Trading - minerals	1.99	131	0.00%	-0.04%	-	-	-	-	Other	33.01
Life Insurance Corporation Of India	Life insurance	0.58	658.3	0.00%	-0.22%	-	-	-	-	Other	33.01
Nifty 50	Exchange and data platform		9213.4	0.00%	-3.05%	-	-	-	-	Large Cap	11.82
Samvardhana Motherson International Ltd.	Auto components & equipments	2.48	732.3	0.00%	-0.24%	-	-	-	-	Large Cap	11.82

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

New Stocks added in Portfolio (in 1 month period ending 31st Dec,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# SP Apparels Ltd.	Garments & apparels	565.6	0.19%	0.19%	0.19% (Dec 2025)	0% (Jan 2025)	8.05 L	805180
# HDFC Life Insurance Company Ltd.	Life insurance	1742	0.58%	0.58%	0.58% (Dec 2025)	0% (Jan 2025)	23.23 L	2323077
# Adani Green Energy Ltd.	Power generation	5518.4	1.85%	1.85%	1.85% (Dec 2025)	0% (Jan 2025)	54.36 L	5436317
# Adani Enterprises Ltd. - Partly Paid up	Trading - minerals	396.8	0.13%	0.13%	0.13% (Dec 2025)	0% (Jan 2025)	2.96 L	296195
# Ravindra Energy Ltd.	Trading & distributors	111.2	0.04%	0.04%	0.04% (Dec 2025)	0% (Jan 2025)	7.00 L	700000

Stocks removed from Portfolio (in 1 month period ending 31st Dec,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	1M Change in Qty
Adani Enterprises Ltd. - Rights	Trading - minerals	131	0.00%	-0.04%	0.04% (Nov 2025)	0% (Jan 2025)	-296195
Life Insurance Corporation Of India	Life insurance	658.3	0.00%	-0.22%	0.25% (Jan 2025)	0% (Jan 2025)	-735993
Nifty 50	Exchange and data platform	9213.4	0.00%	-3.05%	3.05% (Nov 2025)	0% (Jan 2025)	-652260
Samvardhana Motherson International Ltd.	Auto components & equipments	732.3	0.00%	-0.24%	0.24% (Nov 2025)	0% (Jan 2025)	-6266850

Trend in stock holdings (Top 15 Holding)

Stock	Dec 2025	Nov 2025	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024
Reliance Industries Ltd.	9.79%	10.16%	9.53%	9.11%	9.23%	9.23%	9.90%	9.85%	10.48%	10.02%	10.58%	10.34%	8.99%
Jio Financial Services Ltd.	5.99%	6.14%	6.08%	6.06%	6.56%	6.76%	6.17%	5.69%	5.23%	4.81%	4.78%	5.05%	5.89%
Aegis Logistics Ltd.	3.18%	3.34%	3.24%	3.45%	3.08%	3.22%	3.45%	3.72%	3.95%	4.27%	4.39%	3.67%	4.05%
RBL Bank Ltd.	4.02%	3.93%	4.06%	3.59%	3.44%	3.43%	3.18%	2.86%	2.90%	2.64%	2.56%	2.42%	2.19%
Bikaji Foods International Ltd.	2.31%	2.18%	2.20%	2.33%	2.81%	2.86%	2.81%	3.05%	3.01%	2.99%	3.13%	3.09%	3.29%
Poly Medicure Ltd.	2.06%	2.18%	2.16%	2.19%	2.39%	2.17%	2.48%	2.56%	3.09%	2.84%	2.72%	2.82%	2.99%
Adani Power Ltd.	2.90%	2.95%	3.13%	2.98%	2.36%	2.26%	2.23%	2.18%	2.29%	2.31%	2.37%	2.30%	2.24%
Sun TV Network Ltd.	2.89%	2.11%	1.90%	1.84%	1.95%	1.97%	2.08%	2.30%	2.44%	2.69%	2.54%	2.53%	2.64%
HFCL Ltd.	2.05%	1.86%	1.82%	1.88%	1.85%	1.94%	2.21%	2.35%	2.29%	2.40%	2.62%	2.87%	3.11%
Aster DM Healthcare Ltd.	2.34%	2.49%	2.51%	2.42%	2.27%	2.18%	2.14%	2.11%	2.05%	2.07%	1.88%	2.08%	1.87%
Adani Enterprises Ltd.	1.86%	1.87%	2.01%	2.11%	1.93%	2.04%	2.18%	2.21%	2.17%	2.30%	2.27%	2.24%	2.34%
Anand Rathi Wealth Services Ltd.	2.69%	2.47%	2.61%	2.49%	2.50%	2.31%	1.88%	1.48%	1.44%	1.70%	1.94%	1.61%	1.64%
Ventive Hospitality Ltd.	2.15%	2.01%	2.01%	1.98%	2.05%	2.21%	1.92%	2.29%	2.28%	2.38%	1.97%	2.10%	1.17%
Piramal Finance Ltd.	2.39%	2.23%	1.60%	1.66%	-	-	-	-	-	-	-	-	-
Adani Green Energy Ltd.	1.85%	-	-	-	-	-	-	-	-	-	-	-	-

No of Debt Holding 6 (Category Avg - 0.67) | Modified Duration 0.00 Years (Category Avg - - --)| Yield to Maturity - -- (Category Avg - 0.00%)

Portfolio Summary (as on 31st Dec,2025)

Security Type	% Weight	Category Average
CD	0.00%	0.10%
T-Bills	0.48%	0.15%

Category - Small Cap Fund

Security Type	% Weight	Category Average
Government Backed	0.48%	0.15%
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 - Small Cap Fund

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

Instrument	Type	Sector	Value (Mn)	% of Total Holding	Quantity
Bond - T-Bill	T-Bills	Other	339.66	0.11%	34.00 L
Bond - T-Bill	T-Bills	Other	298.80	0.10%	30.00 L
Bond - T-Bill	T-Bills	Other	258.96	0.09%	26.00 L
Bond - T-Bill	T-Bills	Other	249.96	0.08%	25.00 L
Bond - T-Bill	T-Bills	Other	198.42	0.07%	20.00 L
Bond - T-Bill	T-Bills	Other	99.68	0.03%	10.00 L