Quantum Ethical Fund - Regular 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.

Equity Holding : 93.49% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 93.49%

No of Stocks : 50 (Category Avg - 44.44) | Large Cap Investments : 34.22%| Mid Cap Investments : 18.85% | Small Cap Investments : 15.57% | Other : 24.85%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	50	43.41
Top 5 Stock Weight	17.78%	32.46%
Top 10 Stock Weight	31.7%	49.59%
Top 3 Sector Weight	35.1%	43.5%

Category - Sectoral/Thematic

Particulars	This Scheme	Category
Average mcap (Cr)	56779.81	72450.77
Holdings in large cap stocks	34.22%	37.14%
Holdings in mid cap stocks	18.85%	14.47%
Holdings in small cap stocks	15.57%	13.1%

Category - Sectoral/Thematic

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
Marico Ltd.	Personal care	36.1	4.34%	-0.21%	5.05% (Jun 2025)	0% (Nov 2024)	50.15 k	0.00
TVS Motor Company Ltd.	2/3 wheelers	32.6	3.92%	-0.13%	4.11% (Aug 2025)	0% (Nov 2024)	9.29 k	226.00
Castrol (india) Ltd.	Lubricants	27.2	3.27%	-0.03%	3.61% (Feb 2025)	0% (Nov 2024)	1.39 L	12.31 k
Persistent Systems Ltd.	Computers - software & consulting	27.2	3.27%	0.57%	3.28% (Mar 2025)	0% (Nov 2024)	4.59 k	288.00
Havells India Ltd.	Consumer electronics	24.8	2.98%	-0.05%	3.03% (Sep 2025)	0% (Nov 2024)	16.57 k	1.07 k
Computer Age Management Services Pvt Ltd.	Depositories, clearing houses and other intermediaries	23.9	2.87%	-0.09%	2.96% (Sep 2025)	0% (Nov 2024)	6.06 k	0.00
Eicher Motors Ltd.	2/3 wheelers	23.7	2.85%	-0.13%	2.98% (Sep 2025)	0% (Nov 2024)	3.38 k	113.00
DR. LAL PATHLABS Ltd.	Healthcare service provider	23.7	2.84%	0.53%	2.84% (Oct 2025)	0% (Nov 2024)	7.54 k	1.86 k
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	22.3	2.69%	0.04%	2.69% (Oct 2025)	0% (Nov 2024)	6.41 k	467.00
Tata Consultancy Services Ltd.	Computers - software & consulting	22.2	2.67%	0.54%	3.25% (Jan 2025)	0% (Nov 2024)	7.27 k	1.60 k

- 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
Marico Ltd.	Personal care	5.86	36.1	4.34%	-0.21%	5.05% (Jun 2025)	0% (Nov 2024)	50.15 k	0.00	Large Cap	34.22
TVS Motor Company Ltd.	2/3 wheelers	11.27	32.6	3.92%	-0.13%	4.11% (Aug 2025)	0% (Nov 2024)	9.29 k	226.00	Mid Cap	18.85
Castrol (india) Ltd.	Lubricants	3.27	27.2	3.27%	-0.03%	3.61% (Feb 2025)	0% (Nov 2024)	1.39 L	12.31 k	Mid Cap	18.85
Persistent Systems Ltd.	Computers - software & consulting	15.75	27.2	3.27%	0.57%	3.28% (Mar 2025)	0% (Nov 2024)	4.59 k	288.00	Other	24.85
Havells India Ltd.	Consumer electronics	6.98	24.8	2.98%	-0.05%	3.03% (Sep 2025)	0% (Nov 2024)	16.57 k	1.07 k	Large Cap	34.22
Computer Age Management Services Pvt Ltd.	Depositories, clearing houses and other intermediaries	5.33	23.9	2.87%	-0.09%	2.96% (Sep 2025)	0% (Nov 2024)	6.06 k	0.00	Other	24.85
Eicher Motors Ltd.	2/3 wheelers	11.27	23.7	2.85%	-0.13%	2.98% (Sep 2025)	0% (Nov 2024)	3.38 k	113.00	Other	24.85
DR. LAL PATHLABS Ltd.	Healthcare service provider	2.84	23.7	2.84%	0.53%	2.84% (Oct 2025)	0% (Nov 2024)	7.54 k	1.86 k	Small Cap	15.57
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	8.08	22.3	2.69%	0.04%	2.69% (Oct 2025)	0% (Nov 2024)	6.41 k	467.00	Large Cap	34.22
Tata Consultancy Services Ltd.	Computers - software & consulting	15.75	22.2	2.67%	0.54%	3.25% (Jan 2025)	0% (Nov 2024)	7.27 k	1.60 k	Large Cap	34.22
Bosch Ltd.	Auto components & equipments	5.79	21	2.52%	0.03%	2.68% (Jul 2025)	0% (Nov 2024)	563.00	61.00	Large Cap	34.22
Infosys Ltd.	Computers - software & consulting	15.75	20.9	2.51%	0.27%	3.46% (Jan 2025)	0% (Nov 2024)	14.10 k	2.17 k	Large Cap	34.22
Hyundai Motor India Ltd.	Passenger cars & utility vehicles	8.08	20.5	2.47%	-0.14%	2.61% (Sep 2025)	0% (Nov 2024)	8.42 k	642.00	Other	24.85
Central Depository Services (India) Ltd.	Depositories, clearing houses and other intermediaries	5.33	20.4	2.46%	0.21%	2.7% (Jun 2025)	0% (Nov 2024)	12.87 k	1.02 k	Small Cap	15.57
Hero Motocorp Ltd.	2/3 wheelers	11.27	20.1	2.41%	-0.17%	2.58% (Sep 2025)	0% (Nov 2024)	3.62 k	0.00	Large Cap	34.22
Hitachi Energy India Ltd.	Heavy electrical equipment	5.21	19.8	2.38%	0.78%	2.38% (Oct 2025)	0% (Nov 2024)	1.11 k	429.00	Other	24.85
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	8.08	19.7	2.37%	-0.17%	2.54% (Sep 2025)	0% (Nov 2024)	1.22 k	0.00	Large Cap	34.22
Voltas Limited	Household appliances	5.58	18.7	2.25%	0.01%	2.31% (Aug 2025)	0% (Nov 2024)	13.54 k	800.00	Mid Cap	18.85
LT Foods Ltd.	Packaged foods	2.21	18.4	2.21%	-0.10%	2.45% (Aug 2025)	0% (Nov 2024)	43.79 k	0.00	Small Cap	15.57
Vinati Organics Ltd.	Specialty chemicals	2.19	18.3	2.19%	-0.19%	2.76% (Jun 2025)	0% (Nov 2024)	11.04 k	486.00	Other	24.85
Sundram Fasteners Ltd.	Auto components & equipments	5.79	17.7	2.13%	-0.29%	2.45% (May 2025)	0% (Nov 2024)	18.67 k	0.00	Mid Cap	18.85
Ion Exchange (india) Ltd.	Civil construction	2.11	17.5	2.11%	-0.19%	3.05% (Jun 2025)	0% (Nov 2024)	43.82 k	0.00	Other	24.85
Crompton Greaves Consumer Electricals Ltd.	Household appliances	5.58	17.5	2.11%	-0.13%	3.54% (Mar 2025)	0% (Nov 2024)	61.93 k	2.81 k	Mid Cap	18.85
Bajaj Auto Ltd.	2/3 wheelers	11.27	17	2.05%	-0.01%	2.11% (May 2025)	0% (Nov 2024)	1.91 k	90.00	Large Cap	34.22
Symphony Ltd.	Consumer electronics	6.98	16.3	1.96%	-0.09%	2.52% (Jul 2025)	0% (Nov 2024)	17.42 k	0.00	Small Cap	15.57
HCL Technologies Limited	Computers - software & consulting	15.75	15.9	1.91%	0.25%	2.11% (Feb 2025)	0% (Nov 2024)	10.28 k	1.07 k	Large Cap	34.22
Wipro Ltd.	Computers - software & consulting	15.75	15.8	1.90%	-0.14%	3.43% (Jan 2025)	0% (Nov 2024)	65.69 k	0.00	Large Cap	34.22
ABB India Ltd.	Heavy electrical equipment	5.21	13.9	1.67%	-0.02%	2.08% (Jan 2025)	0% (Nov 2024)	2.66 k	158.00	Large Cap	34.22
Coforge Ltd.	Computers - software & consulting	15.75	13.8	1.66%	0.25%	1.83% (Mar 2025)	0% (Nov 2024)	7.76 k	928.00	Other	24.85
Godrej Consumer Products Ltd	Personal care	5.86	12.6	1.52%	0.03%	2.44% (Mar 2025)	0% (Nov 2024)	11.27 k	1.48 k	Large Cap	34.22
Borosil Ltd.	Glass - consumer	1.4	11.6	1.40%	-0.02%	1.46% (Jul 2025)	0% (Nov 2024)	33.96 k	2.41 k	Other	24.85
Narayana Hrudayalaya Ltd.	Hospital	2.3	10.2	1.23%	0.03%	1.23% (Oct 2025)	0% (Nov 2024)	5.80 k	472.00	Small Cap	15.57
Whirlpool Of India Ltd.	Household appliances	5.58	10.2	1.22%	0.19%	1.22% (Oct 2025)	0% (Nov 2024)	7.27 k	591.00	Mid Cap	18.85
Thermax Ltd.	Heavy electrical equipment	5.21	9.7	1.16%	-0.08%	2.09% (Jan 2025)	0% (Nov 2024)	3.00 k	0.00	Mid Cap	18.85
Motherson Sumi Systems Ltd.	Auto components & equipments	5.79	9.5	1.14%	0.01%	1.47% (May 2025)	0% (Nov 2024)	90.08 k	7.57 k	Large Cap	34.22
- Nuvoco Vistas Corporation Ltd.	Cement & cement products	1.14	9.5	1.14%	0.00%	1.32% (Aug 2025)	0% (Nov 2024)	22.82 k	1.84 k	Other	24.85
GMM Pfaudler Ltd.	Industrial products	1.13	9.4	1.13%	0.23%	1.15% (Jul 2025)	0% (Nov 2024)	7.26 k	696.00	Small Cap	15.57
Dixon Technologies (India) Ltd.	Consumer electronics	6.98	9.1	1.09%	-0.04%	1.13% (Aug 2025)	0% (Nov 2024)	586.00	53.00	Other	24.85
Krishna Institute of Medical Sciences Ltd.	Hospital	2.3	8.9	1.07%	0.15%	1.07% (Oct 2025)	0% (Nov 2024)	12.38 k	2.28 k	Other	24.85
- VA Tech Wabag Ltd.	Water supply & management	1.06	8.8	1.06%	0.00%	1.13% (Jul 2025)	0% (Nov 2024)	6.25 k	551.00	Small Cap	15.57
Tata Communications Ltd.	Telecom - cellular & fixed line services	1.04	8.6	1.04%	0.08%	1.07% (Jul 2025)	0% (Nov 2024)	4.59 k	0.00	Mid Cap	18.85
Tech Mahindra Ltd.	Computers - software & consulting	15.75	8.2	0.99%	0.05%	1.39% (Jan 2025)	0% (Nov 2024)	5.76 k	570.00	Large Cap	34.22
Orient Electric Ltd.	Consumer electronics	6.98	7.9	0.95%	0.08%	1.02% (Apr 2025)	0% (Nov 2024)	37.89 k	3.94 k	Small Cap	15.57
- Tata Chemicals Ltd.	Commodity chemicals	0.91	7.6	0.91%	0.00%	1.08% (Jan 2025)	0% (Nov 2024)	8.50 k	915.00	Mid Cap	18.85
Grindwell Norton Ltd.	Abrasives & bearings	0.88	7.3	0.88%	-0.01%	1.86% (Jan 2025)	0% (Nov 2024)	4.32 k	0.00	Small Cap	15.57
EPL Ltd.	Packaging	0.85	7.1	0.85%	-0.09%	1.01% (Jun 2025)	0% (Nov 2024)	35.23 k	0.00	Small Cap	15.57
Mphasis Ltd.	Computers - software & consulting	15.75	7	0.84%	-0.03%	1.34% (Jan 2025)	0% (Nov 2024)	2.53 k	0.00	Mid Cap	18.85
Tata Motors Passenger Vehicles Ltd.	Passenger cars & utility vehicles	8.08	4.5	0.55%	-0.43%	1.04% (Jan 2025)	0% (Nov 2024)	11.06 k	0.00	Large Cap	34.22
# TML Commercial Vehicles Ltd.	Commercial vehicles	0.31	2.6	0.31%	0.31%	0.31% (Oct 2025)	0% (Nov 2024)	11.06 k	11.06 k	Other	24.85
# TVS Motor Company Ltd. - Preference Shares	2/3 wheelers	11.27	0.4	0.04%	0.00%	0% (Dec 2025)	0% (Dec 2025)	36.24 k	0.00	Other	24.85

- 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
# TML Commercial Vehicles Ltd.	Commercial vehicles	2.6	0.31%	0.31%	0.31% (Oct 2025)	0% (Nov 2024)	11.06 k	11058

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

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
Marico Ltd.	4.34%	4.55%	4.72%	4.89%	5.05%	4.88%	5.00%	4.85%	4.63%	5.01%	2.26%	-	-
TVS Motor Company Ltd.	3.92%	4.05%	4.11%	3.80%	3.83%	3.41%	3.68%	3.29%	3.03%	3.05%	2.47%	-	-
Castrol (india) Ltd.	3.27%	3.30%	3.26%	3.57%	3.20%	3.05%	2.82%	3.19%	3.61%	2.87%	1.28%	-	-
Persistent Systems Ltd.	3.27%	2.70%	3.16%	2.71%	3.00%	2.82%	2.88%	3.28%	3.27%	3.23%	1.28%	-	-
Crompton Greaves Consumer Electricals Ltd.	2.11%	2.24%	2.48%	2.63%	3.12%	3.34%	3.36%	3.54%	3.17%	2.37%	1.69%	-	-
Infosys Ltd.	2.51%	2.24%	2.32%	2.31%	2.64%	2.78%	2.78%	3.08%	3.42%	3.46%	2.37%	-	-
Havells India Ltd.	2.98%	3.03%	2.96%	2.74%	2.60%	2.16%	2.54%	2.56%	2.47%	2.58%	1.76%	-	-
Tata Consultancy Services Ltd.	2.67%	2.13%	2.31%	2.04%	2.39%	2.47%	2.54%	2.93%	2.93%	3.25%	2.40%	-	-
Wipro Ltd.	1.90%	2.04%	2.27%	2.23%	2.58%	2.61%	2.51%	3.00%	3.29%	3.43%	1.62%	-	-
Ion Exchange (india) Ltd.	2.11%	2.30%	2.42%	2.60%	3.05%	2.81%	2.89%	0.98%	-	-	-	-	-
Vinati Organics Ltd.	2.19%	2.38%	2.23%	2.47%	2.76%	2.58%	2.42%	2.44%	2.43%	2.39%	1.55%	-	-
Maruti Suzuki India Ltd.	2.37%	2.54%	2.39%	2.21%	2.07%	2.11%	2.26%	2.34%	2.35%	2.14%	1.87%	-	-
Mahindra & Mahindra Ltd.	2.69%	2.65%	2.14%	2.21%	2.16%	2.17%	2.40%	2.40%	2.41%	1.92%	1.36%	-	-
Computer Age Management Services Pvt Ltd.	2.87%	2.96%	2.91%	2.57%	2.33%	2.03%	2.03%	2.13%	1.86%	1.84%	0.80%	-	-
DR. LAL PATHLABS Ltd.	2.84%	2.31%	2.28%	2.35%	2.15%	2.31%	2.17%	2.14%	2.07%	2.11%	1.46%	-	-