SBI Arbitrage Opportunities Fund - Direct Plan - IDCW Portfolio | SBI Mutual Fund Portfolio

Portfolio Turnover Ratio : 1210.00%. Category average turnover ratio is 1182.91%. Fund manager updated portfolio more frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for shorter duration than peers)

Equity Holding : 70.89% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 70.89%

No of Stocks : 188 (Category Avg - 144.70) | Large Cap Investments : 37.65%| Mid Cap Investments : 13.37% | Small Cap Investments : 3.31% | Other : 16.56%

Portfolio Summary (as on 30th Sep,2025)

Particulars	This Scheme	Category
No. of Stocks	188	113
Top 5 Stock Weight	18.31%	22.65%
Top 10 Stock Weight	24.81%	34.93%
Top 3 Sector Weight	23.32%	27.74%

Category - Arbitrage Fund

Particulars	This Scheme	Category
Average mcap (Cr)	90314.20	94729.08
Holdings in large cap stocks	37.65%	40.04%
Holdings in mid cap stocks	13.37%	15.49%
Holdings in small cap stocks	3.31%	3.55%

Category - Arbitrage 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 Bank Ltd.	Private sector bank	25604.3	6.53%	0.55%	6.66% (Jun 2025)	1.28% (Dec 2024)	2.69 Cr	8.07 L
ICICI Bank Ltd.	Private sector bank	18921.1	4.82%	0.25%	4.82% (Sep 2025)	0.85% (Oct 2024)	1.40 Cr	4.44 L
Reliance Industries Ltd.	Refineries & marketing	10628.3	2.71%	0.53%	6.49% (Dec 2024)	1.34% (May 2025)	77.92 L	11.10 L
Tata Consultancy Services Ltd.	Computers - software & consulting	8415.1	2.15%	-0.09%	2.87% (Oct 2024)	1.19% (Dec 2024)	29.13 L	-1.05 L
State Bank Of India	Public sector bank	8220.4	2.10%	-0.53%	3.11% (Jun 2025)	1.13% (Oct 2024)	94.22 L	-0.42 Cr
ITC Limited	Diversified fmcg	6347.7	1.62%	0.37%	2.15% (Mar 2025)	0.68% (Dec 2024)	1.58 Cr	31.09 L
Hindustan Aeronautics Ltd.	Aerospace & defense	5670.2	1.45%	0.09%	1.45% (Sep 2025)	0.82% (Feb 2025)	11.95 L	-1.10 L
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	4719.1	1.20%	0.09%	2.3% (Dec 2024)	0.54% (Mar 2025)	25.12 L	78.38 k
Vodafone Idea Ltd.	Telecom - cellular & fixed line services	4598.2	1.17%	0.65%	1.17% (Sep 2025)	0.23% (May 2025)	56.56 Cr	23.43 Cr
Bharat Electronics Ltd.	Aerospace & defense	4167.6	1.06%	0.06%	1.63% (Nov 2024)	0.88% (Jun 2025)	1.03 Cr	-9.69 L

- 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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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	14.6	25604.3	6.53%	0.55%	6.66% (Jun 2025)	1.28% (Dec 2024)	2.69 Cr	8.07 L	Other	16.56
ICICI Bank Ltd.	Private sector bank	14.6	18921.1	4.82%	0.25%	4.82% (Sep 2025)	0.85% (Oct 2024)	1.40 Cr	4.44 L	Large Cap	37.65
Reliance Industries Ltd.	Refineries & marketing	3.71	10628.3	2.71%	0.53%	6.49% (Dec 2024)	1.34% (May 2025)	77.92 L	11.10 L	Large Cap	37.65
Tata Consultancy Services Ltd.	Computers - software & consulting	4.03	8415.1	2.15%	-0.09%	2.87% (Oct 2024)	1.19% (Dec 2024)	29.13 L	-1.05 L	Large Cap	37.65
State Bank Of India	Public sector bank	4.69	8220.4	2.10%	-0.53%	3.11% (Jun 2025)	1.13% (Oct 2024)	94.22 L	-0.42 Cr	Large Cap	37.65
ITC Limited	Diversified fmcg	1.83	6347.7	1.62%	0.37%	2.15% (Mar 2025)	0.68% (Dec 2024)	1.58 Cr	31.09 L	Large Cap	37.65
Hindustan Aeronautics Ltd.	Aerospace & defense	2.53	5670.2	1.45%	0.09%	1.45% (Sep 2025)	0.82% (Feb 2025)	11.95 L	-1.10 L	Other	16.56
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	2.37	4719.1	1.20%	0.09%	2.3% (Dec 2024)	0.54% (Mar 2025)	25.12 L	78.38 k	Large Cap	37.65
Vodafone Idea Ltd.	Telecom - cellular & fixed line services	2.37	4598.2	1.17%	0.65%	1.17% (Sep 2025)	0.23% (May 2025)	56.56 Cr	23.43 Cr	Large Cap	37.65
Bharat Electronics Ltd.	Aerospace & defense	2.53	4167.6	1.06%	0.06%	1.63% (Nov 2024)	0.88% (Jun 2025)	1.03 Cr	-9.69 L	Mid Cap	13.37
J S W Steel Ltd.	Iron & steel products	2.35	4132	1.05%	0.26%	1.05% (Sep 2025)	0.29% (Nov 2024)	36.16 L	4.17 L	Large Cap	37.65
- Coal India Ltd.	Coal	1.03	4047.2	1.03%	0.00%	1.03% (Sep 2025)	0.22% (Mar 2025)	1.04 Cr	-0.11 Cr	Large Cap	37.65
Vedanta Ltd.	Diversified metals	0.95	3727.2	0.95%	0.15%	1.51% (Oct 2024)	0.78% (May 2025)	80.02 L	1.00 L	Large Cap	37.65
Larsen & Toubro Ltd.	Civil construction	1.09	3643.5	0.93%	0.31%	1.02% (Nov 2024)	0.29% (Mar 2025)	9.96 L	2.86 L	Large Cap	37.65
Tata Motors Ltd.	Passenger cars & utility vehicles	2.23	3593.6	0.92%	-0.02%	2.57% (Oct 2024)	0.86% (Jul 2025)	52.83 L	-5.51 L	Large Cap	37.65
Bank Of Baroda	Public sector bank	4.69	3331.2	0.85%	0.43%	0.93% (Dec 2024)	0.22% (May 2025)	1.29 Cr	54.17 L	Large Cap	37.65
Axis Bank Ltd.	Private sector bank	14.6	3287.3	0.84%	-2.37%	4.03% (Jan 2025)	0.84% (Sep 2025)	29.05 L	-0.98 Cr	Large Cap	37.65
Rural Electrification Corporation Limited	Financial institution	1.6	3286.3	0.84%	-0.02%	1.29% (Mar 2025)	0.74% (Dec 2024)	88.14 L	-0.14 Cr	Mid Cap	13.37
Shriram Finance Ltd.	Non banking financial company (nbfc)	1.86	3270.8	0.83%	0.20%	0.83% (Sep 2025)	0.09% (Feb 2025)	53.09 L	8.30 L	Other	16.56
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	2.23	3252.3	0.83%	-0.12%	0.95% (Aug 2025)	0.07% (Apr 2025)	2.03 L	-0.63 L	Large Cap	37.65
Canara Bank	Public sector bank	4.69	3238.3	0.83%	0.20%	0.83% (Sep 2025)	0.38% (Jun 2025)	2.62 Cr	8.51 L	Other	16.56
One 97 Communications Ltd.	Financial technology (fintech)	0.95	3120.5	0.80%	0.02%	0.8% (Sep 2025)	0% (Oct 2024)	27.77 L	76.85 k	Other	16.56
Power Finance Corporation Ltd.	Financial institution	1.6	2843.7	0.73%	0.09%	0.99% (Jan 2025)	0.57% (Jul 2025)	69.32 L	-0.55 L	Mid Cap	13.37
Adani Green Energy Ltd.	Power generation	1.45	2827.3	0.72%	0.05%	0.81% (Jul 2025)	0% (Oct 2024)	27.53 L	-2.76 L	Small Cap	3.31
HCL Technologies Limited	Computers - software & consulting	4.03	2712.9	0.69%	0.11%	0.88% (Jul 2025)	0.29% (Mar 2025)	19.59 L	3.06 L	Large Cap	37.65
Lupin Ltd.	Pharmaceuticals	2.76	2644.9	0.67%	0.07%	0.67% (Sep 2025)	0.12% (Dec 2024)	13.84 L	59.93 k	Large Cap	37.65
Infosys Ltd.	Computers - software & consulting	4.03	2606.2	0.66%	0.20%	2.16% (Oct 2024)	0.39% (Jul 2025)	18.08 L	5.00 L	Large Cap	37.65
TVS Motor Company Ltd.	2/3 wheelers	0.93	2521.4	0.64%	0.04%	0.64% (Sep 2025)	0.23% (May 2025)	7.33 L	-0.24 L	Mid Cap	13.37
Punjab National Bank	Public sector bank	4.69	2508.4	0.64%	0.17%	1.11% (Dec 2024)	0.45% (Oct 2024)	2.22 Cr	28.56 L	Large Cap	37.65
Kotak Mahindra Bank Ltd.	Private sector bank	14.6	2502	0.64%	-0.13%	1.17% (Feb 2025)	0.32% (Mar 2025)	12.56 L	-3.82 L	Large Cap	37.65
Eternal Ltd.	E-retail/ e-commerce	0.64	2501.4	0.64%	0.35%	0.64% (Sep 2025)	0% (Oct 2024)	76.85 L	38.56 L	Other	16.56
Indusind Bank Ltd.	Private sector bank	14.6	2487.9	0.63%	-0.02%	1.29% (Apr 2025)	0.27% (Mar 2025)	33.82 L	-2.55 L	Large Cap	37.65
Jio Financial Services Ltd.	Non banking financial company (nbfc)	1.86	2362.7	0.60%	0.09%	0.72% (Feb 2025)	0% (Oct 2024)	80.58 L	11.94 L	Other	16.56
Aurobindo Pharma Ltd.	Pharmaceuticals	2.76	2313	0.59%	0.08%	0.61% (Jul 2025)	0.38% (Oct 2024)	21.34 L	63.25 k	Large Cap	37.65
Indus Towers Ltd.	Telecom - infrastructure	0.73	2262.9	0.58%	0.10%	0.92% (Jan 2025)	0.21% (Jul 2025)	65.99 L	6.58 L	Large Cap	37.65
NMDC LTD	Industrial minerals	0.56	2176.9	0.56%	0.19%	0.56% (Sep 2025)	0.22% (Jun 2025)	2.85 Cr	60.08 L	Mid Cap	13.37
Adani Ports And Special Economic Zone Ltd.	Port & port services	0.54	2104	0.54%	0.07%	0.55% (Jan 2025)	0.2% (May 2025)	14.99 L	8.55 k	Large Cap	37.65
Indian Oil Corporation Ltd.	Refineries & marketing	3.71	2092.1	0.53%	0.17%	0.53% (Sep 2025)	0.06% (Mar 2025)	1.40 Cr	30.91 L	Large Cap	37.65
Au Small Finance Bank Ltd.	Other bank	0.52	2047.9	0.52%	0.30%	0.52% (Sep 2025)	0% (Oct 2024)	28.00 L	15.03 L	Mid Cap	13.37
IDFC First Bank Ltd.	Private sector bank	14.6	1979.5	0.50%	-0.01%	0.96% (May 2025)	0.09% (Dec 2024)	2.84 Cr	-0.29 Cr	Mid Cap	13.37
GMR Airports Ltd.	Airport & airport services	0.48	1901.3	0.48%	0.17%	0.65% (Oct 2024)	0.31% (Jul 2025)	2.18 Cr	70.59 L	Small Cap	3.31
Max Healthcare Institute Ltd.	Hospital	0.89	1889.7	0.48%	0.20%	0.48% (Sep 2025)	0% (Oct 2024)	16.95 L	6.77 L	Other	16.56
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	2.23	1881.4	0.48%	-0.27%	1.64% (Oct 2024)	0.24% (Mar 2025)	5.49 L	-4.31 L	Large Cap	37.65
Trent Limited	Speciality retail	0.46	1819.1	0.46%	0.14%	0.89% (Jan 2025)	0.04% (Jun 2025)	3.89 L	1.41 L	Mid Cap	13.37
Ambuja Cements Ltd.	Cement & cement products	1.07	1801.3	0.46%	0.38%	0.46% (Sep 2025)	0.02% (Jul 2025)	31.61 L	25.76 L	Large Cap	37.65
J S W Energy Ltd.	Power generation	1.45	1801.2	0.46%	0.06%	0.55% (Jun 2025)	0% (Oct 2024)	33.93 L	3.00 k	Mid Cap	13.37
- DLF Ltd.	Residential, commercial projects	1.43	1745.3	0.45%	0.00%	1.08% (Nov 2024)	0.45% (Aug 2025)	24.48 L	-0.60 L	Large Cap	37.65
Divis Laboratories Ltd.	Pharmaceuticals	2.76	1716	0.44%	-0.04%	0.69% (May 2025)	0.19% (Dec 2024)	3.02 L	-0.24 L	Large Cap	37.65
Godrej Properties Ltd.	Residential, commercial projects	1.43	1687.1	0.43%	0.03%	0.8% (Jan 2025)	0.25% (Jul 2025)	8.57 L	-6.88 k	Mid Cap	13.37
Steel Authority Of India Ltd.	Iron & steel products	2.35	1625	0.41%	0.06%	0.48% (Mar 2025)	0.16% (Oct 2024)	1.21 Cr	0.00	Mid Cap	13.37
Grasim Industries Limited	Cement & cement products	1.07	1610	0.41%	-0.05%	0.48% (Jul 2025)	0.01% (Nov 2024)	5.84 L	-1.02 L	Large Cap	37.65
Dixon Technologies (India) Ltd.	Consumer electronics	0.46	1557.9	0.40%	-0.02%	0.67% (Dec 2024)	0% (Oct 2024)	95.45 k	-9.90 k	Other	16.56
Crompton Greaves Consumer Electricals Ltd.	Household appliances	0.39	1534.2	0.39%	0.04%	0.47% (Mar 2025)	0.18% (Oct 2024)	52.67 L	8.86 L	Mid Cap	13.37
RBL Bank Ltd.	Private sector bank	14.6	1530.8	0.39%	0.15%	0.39% (Sep 2025)	0% (Oct 2024)	55.21 L	17.72 L	Mid Cap	13.37
Tata Consumer Products Ltd.	Tea & coffee	0.38	1508.1	0.38%	-0.02%	0.59% (May 2025)	0.04% (Feb 2025)	13.35 L	-2.30 L	Mid Cap	13.37
Apollo Hospitals Enterprises Ltd.	Hospital	0.89	1491.1	0.38%	0.03%	0.43% (May 2025)	0.17% (Oct 2024)	2.01 L	10.63 k	Mid Cap	13.37
- Adani Energy Solutions Ltd.	Power - transmission	0.63	1479.6	0.38%	0.00%	0.48% (Jun 2025)	0% (Oct 2024)	16.96 L	-3.79 L	Mid Cap	13.37
Bajaj Finserv Ltd	Holding company	0.37	1449.6	0.37%	-0.02%	0.6% (Nov 2024)	0.13% (Jan 2025)	7.23 L	-1.22 L	Other	16.56
Glenmark Pharmaceuticals Ltd.	Pharmaceuticals	2.76	1434.5	0.37%	0.01%	0.37% (Sep 2025)	0.02% (Nov 2024)	7.35 L	-0.47 L	Mid Cap	13.37
Titan Company Ltd.	Gems, jewellery and watches	0.6	1433	0.37%	0.17%	0.75% (Mar 2025)	0.2% (Aug 2025)	4.26 L	1.92 L	Large Cap	37.65
Patanjali Foods Ltd.	Edible oil	0.36	1402.3	0.36%	-0.03%	0.44% (Jul 2025)	0% (Oct 2024)	24.35 L	15.25 L	Other	16.56
Britannia Industries Ltd.	Packaged foods	0.56	1392.9	0.36%	-0.01%	0.38% (Apr 2025)	0% (Oct 2024)	2.33 L	-0.29 L	Large Cap	37.65
Tata Steel Ltd.	Iron & steel products	2.35	1346.9	0.34%	0.03%	0.4% (Jun 2025)	0.28% (Oct 2024)	79.81 L	-4.02 L	Other	16.56
Aditya Birla Capital Ltd.	Life insurance	0.69	1342.2	0.34%	0.04%	0.44% (Nov 2024)	0.25% (Jun 2025)	45.91 L	40.30 k	Mid Cap	13.37
Marico Ltd.	Personal care	0.58	1315.6	0.34%	0.09%	0.34% (Sep 2025)	0.08% (Apr 2025)	18.86 L	4.66 L	Large Cap	37.65
Solar Industries India Ltd.	Explosives	0.33	1309.3	0.33%	0.02%	0.33% (Sep 2025)	0% (Oct 2024)	98.25 k	5.25 k	Small Cap	3.31
National Aluminium Co. Ltd.	Aluminium	0.59	1260.8	0.32%	0.11%	0.32% (Sep 2025)	0.04% (Jan 2025)	58.95 L	12.64 L	Small Cap	3.31
Adani Enterprises Ltd.	Trading - minerals	0.29	1150.2	0.29%	-0.06%	1.68% (Oct 2024)	0.29% (Sep 2025)	4.59 L	-1.81 L	Mid Cap	13.37
APL Apollo Tubes Ltd.	Iron & steel products	2.35	1118.3	0.29%	0.14%	0.29% (Sep 2025)	0% (Oct 2024)	6.63 L	2.71 L	Other	16.56
United Spirits Ltd.	Breweries & distilleries	0.27	1072.7	0.27%	-0.03%	0.46% (Oct 2024)	0.13% (Dec 2024)	8.10 L	-1.50 L	Large Cap	37.65
- PNB Housing Finance Ltd.	Housing finance company	0.76	1072.2	0.27%	0.00%	0.31% (Jul 2025)	0% (Oct 2024)	12.42 L	-2.49 L	Mid Cap	13.37
Hindalco Industries Ltd.	Aluminium	0.59	1050.7	0.27%	-0.05%	0.38% (Oct 2024)	0.19% (Nov 2024)	13.79 L	-5.32 L	Large Cap	37.65
LIC Housing Finance Ltd.	Housing finance company	0.76	1006.8	0.26%	-0.01%	0.42% (Oct 2024)	0.16% (Feb 2025)	17.82 L	-2.31 L	Mid Cap	13.37
Jindal Steel Ltd.	Iron & steel products	2.35	1005.9	0.26%	0.03%	0.84% (Oct 2024)	0.1% (May 2025)	9.46 L	-0.83 L	Mid Cap	13.37
Coforge Ltd.	Computers - software & consulting	4.03	999.9	0.25%	-0.06%	0.83% (May 2025)	0.25% (Dec 2024)	6.29 L	-1.26 L	Other	16.56
National Thermal Power Corporation Ltd.	Power generation	1.45	976.9	0.25%	0.01%	0.73% (Jan 2025)	0.23% (Mar 2025)	28.70 L	-1.34 L	Large Cap	37.65
Bharat Petroleum Corporation Ltd.	Refineries & marketing	3.71	967.3	0.25%	0.03%	0.52% (Dec 2024)	0.16% (Feb 2025)	28.48 L	-1.68 L	Large Cap	37.65
Varun Beverages Ltd.	Other beverages	0.25	966.9	0.25%	0.14%	0.52% (Mar 2025)	0% (Oct 2024)	21.79 L	12.26 L	Other	16.56
Power Grid Corporation of India Ltd.	Power - transmission	0.63	964.9	0.25%	-0.21%	0.52% (May 2025)	0.24% (Apr 2025)	34.43 L	-0.36 Cr	Large Cap	37.65
Oil & Natural Gas Corporation Ltd.	Oil exploration & production	0.25	952.2	0.24%	0.05%	0.69% (Mar 2025)	0.19% (Jun 2025)	39.76 L	6.62 L	Large Cap	37.65
Sammaan Capital Ltd.	Housing finance company	0.76	908.9	0.23%	0.12%	0.23% (Sep 2025)	0% (Oct 2024)	56.50 L	19.91 L	Mid Cap	13.37
Kalyan Jewellers India Ltd.	Gems, jewellery and watches	0.6	908	0.23%	-0.01%	0.31% (Jul 2025)	0% (Oct 2024)	19.99 L	9.40 k	Other	16.56
Exide Industries Ltd.	Auto components & equipments	0.84	900.3	0.23%	0.01%	0.47% (Nov 2024)	0.15% (Jun 2025)	23.04 L	-0.32 L	Mid Cap	13.37
Bharat Heavy Electricals Ltd.	Heavy electrical equipment	0.77	892.6	0.23%	-0.04%	0.68% (Nov 2024)	0.22% (Feb 2025)	37.43 L	-0.16 Cr	Mid Cap	13.37
Syngene International Ltd.	Healthcare research, analytics & technology	0.22	866.4	0.22%	-0.03%	0.27% (Jul 2025)	0.06% (Jan 2025)	13.91 L	-2.74 L	Mid Cap	13.37
Hindustan Petroleum Corporation Ltd.	Refineries & marketing	3.71	850.3	0.22%	-0.04%	0.3% (Jul 2025)	0.14% (Nov 2024)	19.18 L	-0.10 Cr	Large Cap	37.65
Hindustan Unilever Ltd.	Diversified fmcg	1.83	823.7	0.21%	-0.03%	0.4% (Feb 2025)	0.21% (Sep 2025)	3.28 L	-0.41 L	Large Cap	37.65
- Tata Power Co. Ltd.	Integrated power utilities	0.31	820.5	0.21%	0.00%	1.05% (Oct 2024)	0.21% (Sep 2025)	21.11 L	-2.71 L	Mid Cap	13.37
Indian Hotels Company Limited	Hotels & resorts	0.21	819	0.21%	-0.07%	0.34% (Jul 2025)	0.03% (Dec 2024)	11.37 L	-4.21 L	Mid Cap	13.37
GAIL (India) Ltd.	Gas transmission/marketing	0.2	798	0.20%	-0.08%	0.91% (Mar 2025)	0.11% (Oct 2024)	45.27 L	-0.22 Cr	Large Cap	37.65
Bandhan Bank Ltd.	Private sector bank	14.6	795.4	0.20%	0.01%	0.26% (Oct 2024)	0.11% (Jan 2025)	49.03 L	-0.86 L	Large Cap	37.65
Nestle India Ltd.	Packaged foods	0.56	793.2	0.20%	-0.04%	0.32% (Jun 2025)	0% (May 2025)	6.88 L	-1.60 L	Other	16.56
Bosch Ltd.	Auto components & equipments	0.84	789.6	0.20%	-0.06%	0.26% (Jul 2025)	0% (Oct 2024)	20.70 k	-6.63 k	Large Cap	37.65
Dabur India Ltd.	Personal care	0.58	781.8	0.20%	0.01%	0.21% (May 2025)	0.05% (Jul 2025)	15.91 L	1.06 L	Large Cap	37.65
- IIFL Finance Ltd.	Non banking financial company (nbfc)	1.86	754.6	0.19%	0.00%	0.26% (Jul 2025)	0% (Oct 2024)	16.70 L	-1.32 L	Small Cap	3.31
Pidilite Industries Ltd.	Specialty chemicals	0.3	754.6	0.19%	-0.03%	0.54% (Mar 2025)	0.15% (Oct 2024)	5.14 L	2.10 L	Large Cap	37.65
Sona BLW Precision Forgings Ltd.	Auto components & equipments	0.84	740.6	0.19%	-0.07%	0.26% (Aug 2025)	0% (Oct 2024)	17.99 L	-6.39 L	Other	16.56
# Hero Motocorp Ltd.	2/3 wheelers	0.93	707.6	0.18%	0.18%	0.54% (Mar 2025)	0% (Oct 2024)	1.29 L	1.29 L	Large Cap	37.65
Lodha Developers Ltd.	Residential, commercial projects	1.43	693.6	0.18%	0.01%	0.18% (Sep 2025)	0% (Oct 2024)	6.11 L	8.10 k	Other	16.56
Cipla Ltd.	Pharmaceuticals	2.76	692.3	0.18%	0.03%	0.53% (Dec 2024)	0.14% (Mar 2025)	4.61 L	70.50 k	Large Cap	37.65
Motherson Sumi Systems Ltd.	Auto components & equipments	0.84	680.3	0.17%	-0.03%	0.53% (Apr 2025)	0.17% (Sep 2025)	64.39 L	-0.25 Cr	Large Cap	37.65
Info Edge (India) Ltd.	Internet & catalogue retail	0.17	661.9	0.17%	-0.08%	0.34% (Jan 2025)	0.14% (Oct 2024)	5.06 L	-2.65 L	Other	16.56
BSE Ltd.	Exchange and data platform	0.29	650.3	0.17%	0.09%	0.25% (Jun 2025)	0% (Oct 2024)	3.19 L	1.58 L	Small Cap	3.31
Petronet LNG Ltd.	Lpg/cng/png/lng supplier	0.16	626.8	0.16%	0.01%	0.2% (Mar 2025)	0.07% (Nov 2024)	22.48 L	-1.30 L	Large Cap	37.65
Phoenix Mills Ltd.	Residential, commercial projects	1.43	623.9	0.16%	0.02%	0.18% (Jul 2025)	0% (Oct 2024)	4.01 L	14.70 k	Small Cap	3.31
Bank Of India	Public sector bank	4.69	618.6	0.16%	0.08%	0.16% (Sep 2025)	0% (Oct 2024)	50.13 L	19.40 L	Mid Cap	13.37
PB Fintech Ltd.	Financial technology (fintech)	0.95	606.4	0.15%	-0.02%	0.22% (Jul 2025)	0% (Oct 2024)	3.56 L	-0.43 L	Other	16.56
Oberoi Realty Ltd.	Residential, commercial projects	1.43	599.1	0.15%	-0.01%	0.38% (Oct 2024)	0% (Oct 2024)	3.79 L	-0.23 L	Mid Cap	13.37
Alkem Laboratories Ltd.	Pharmaceuticals	2.76	591.3	0.15%	-0.01%	0.16% (Jul 2025)	0% (Oct 2024)	1.09 L	-0.15 L	Mid Cap	13.37
Indian Railway Catering and Tourism Corporation Ltd.	Tour, travel related services	0.15	590.2	0.15%	-0.02%	0.28% (Apr 2025)	0.15% (Sep 2025)	8.43 L	-1.66 L	Other	16.56
- HFCL Ltd.	Telecom - infrastructure	0.73	590	0.15%	0.00%	0.15% (Sep 2025)	0% (Oct 2024)	80.95 L	-9.42 L	Small Cap	3.31
CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	0.77	564.9	0.14%	0.07%	0.14% (Sep 2025)	0% (Oct 2024)	7.62 L	3.23 L	Small Cap	3.31
Max Financial Services Ltd.	Life insurance	0.69	540.9	0.14%	0.05%	0.14% (Sep 2025)	0.01% (May 2025)	3.43 L	1.07 L	Mid Cap	13.37
Container Corporation Of India Ltd.	Logistics solution provider	0.16	527.8	0.13%	0.03%	0.42% (Nov 2024)	0.08% (Jul 2025)	10.04 L	2.03 L	Large Cap	37.65
ABB India Ltd.	Heavy electrical equipment	0.77	516.4	0.13%	-0.02%	0.51% (Mar 2025)	0.13% (Sep 2025)	99.63 k	-0.27 L	Large Cap	37.65
Tech Mahindra Ltd.	Computers - software & consulting	4.03	499.9	0.13%	-0.04%	0.48% (Oct 2024)	0.13% (Sep 2025)	3.57 L	-1.21 L	Large Cap	37.65
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	2.76	458.7	0.12%	-0.08%	0.51% (Nov 2024)	0.07% (Mar 2025)	2.88 L	-2.31 L	Large Cap	37.65
SRF Ltd.	Specialty chemicals	0.3	443.3	0.11%	-0.06%	0.27% (Jun 2025)	0.01% (Mar 2025)	1.57 L	-0.91 L	Mid Cap	13.37
Union Bank Of India	Public sector bank	4.69	437.6	0.11%	0.04%	0.11% (Sep 2025)	0% (Oct 2024)	31.59 L	9.87 L	Mid Cap	13.37
Hindustan Zinc Ltd.	Zinc	0.11	435	0.11%	0.05%	0.11% (Sep 2025)	0% (Oct 2024)	9.02 L	2.76 L	Large Cap	37.65
ICICI Prudential Life Insurance Co Ltd.	Life insurance	0.69	434.4	0.11%	-0.02%	0.22% (Mar 2025)	0.06% (Nov 2024)	7.30 L	-1.67 L	Large Cap	37.65
Manappuram Finance Ltd.	Non banking financial company (nbfc)	1.86	427.9	0.11%	-0.02%	0.28% (Jan 2025)	0.11% (Sep 2025)	15.24 L	-5.40 L	Mid Cap	13.37
SBI Life Insurance Co Ltd.	Life insurance	0.69	376.7	0.10%	0.03%	0.47% (Dec 2024)	0.07% (Jul 2025)	2.10 L	48.75 k	Large Cap	37.65
Angel One Ltd.	Stockbroking & allied	0.13	375.3	0.10%	0.05%	0.1% (Sep 2025)	0% (Oct 2024)	1.76 L	82.25 k	Other	16.56
Ultratech Cement Ltd.	Cement & cement products	1.07	374.6	0.10%	0.03%	0.92% (Mar 2025)	0.07% (Aug 2025)	30.65 k	8.70 k	Large Cap	37.65
Bajaj Finance Ltd.	Non banking financial company (nbfc)	1.86	389.6	0.10%	-0.54%	1.79% (Nov 2024)	0.1% (Sep 2025)	3.90 L	-0.26 Cr	Other	16.56
- Eicher Motors Ltd.	2/3 wheelers	0.93	385	0.10%	0.00%	0.2% (Dec 2024)	0.02% (Feb 2025)	54.95 k	-0.13 L	Other	16.56
Shree Cement Ltd.	Cement & cement products	1.07	401.7	0.10%	-0.03%	0.13% (Aug 2025)	0% (Oct 2024)	13.73 k	-4.50 k	Large Cap	37.65
- NBCC (India) Ltd.	Civil construction	1.09	396	0.10%	0.00%	0.15% (Jun 2025)	0% (Oct 2024)	36.99 L	-6.50 L	Mid Cap	13.37
Inox Wind Ltd.	Heavy electrical equipment	0.77	393.7	0.10%	0.01%	0.1% (Sep 2025)	0% (Oct 2024)	28.07 L	0.00	Small Cap	3.31
Torrent Power Ltd.	Integrated power utilities	0.31	405.4	0.10%	0.04%	0.1% (Sep 2025)	0% (Oct 2024)	3.33 L	1.42 L	Mid Cap	13.37
Torrent Pharmaceuticals Ltd.	Pharmaceuticals	2.76	372	0.09%	-0.02%	0.36% (Oct 2024)	0.09% (Sep 2025)	1.03 L	-0.21 L	Mid Cap	13.37
Mazagon Dock Shipbuilders Ltd.	Ship building & allied services	0.09	366.8	0.09%	-0.01%	0.11% (Jul 2025)	0% (Oct 2024)	1.33 L	-0.34 L	Other	16.56
Persistent Systems Ltd.	Computers - software & consulting	4.03	358.3	0.09%	-0.05%	0.2% (Jun 2025)	0.02% (Dec 2024)	74.30 k	-0.38 L	Other	16.56
KEI Industries Ltd.	Cables - electricals	0.12	358.3	0.09%	0.03%	0.09% (Sep 2025)	0% (Oct 2024)	88.20 k	27.83 k	Small Cap	3.31
Siemens Ltd.	Heavy electrical equipment	0.77	334.8	0.09%	0.08%	0.46% (Nov 2024)	0% (Jul 2025)	1.07 L	96.75 k	Large Cap	37.65
Suzlon Energy Ltd.	Heavy electrical equipment	0.77	311.4	0.08%	0.07%	0.08% (Sep 2025)	0% (Oct 2024)	56.56 L	48.48 L	Small Cap	3.31
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	0.29	299.2	0.08%	0.01%	0.09% (Jun 2025)	0.01% (Apr 2025)	38.38 k	0.00	Small Cap	3.31
Astral Ltd.	Plastic products - industrial	0.09	272.4	0.07%	-0.01%	0.08% (Aug 2025)	0% (Oct 2024)	1.99 L	-0.52 L	Mid Cap	13.37
L&T Finance Holdings Ltd.	Investment company	0.07	265.8	0.07%	0.04%	0.14% (Oct 2024)	0% (Oct 2024)	10.66 L	4.24 L	Mid Cap	13.37
- Computer Age Management Services Pvt Ltd.	Depositories, clearing houses and other intermediaries	0.13	255.4	0.07%	0.00%	0.12% (Jun 2025)	0% (Oct 2024)	67.95 k	-0.12 L	Other	16.56
Biocon Ltd.	Pharmaceuticals	2.76	252.3	0.06%	-0.05%	0.23% (Dec 2024)	0.04% (Apr 2025)	7.40 L	-5.15 L	Mid Cap	13.37
Prestige Estates Projects Ltd.	Residential, commercial projects	1.43	232.4	0.06%	0.02%	0.17% (Jan 2025)	0% (Oct 2024)	1.54 L	42.75 k	Mid Cap	13.37
NCC Ltd.	Civil construction	1.09	229.2	0.06%	0.04%	0.06% (Sep 2025)	0% (Oct 2024)	11.04 L	6.40 L	Small Cap	3.31
- Central Depository Services (India) Ltd.	Depositories, clearing houses and other intermediaries	0.13	225.2	0.06%	0.00%	0.2% (Dec 2024)	0% (Oct 2024)	1.54 L	-0.30 L	Small Cap	3.31
Cyient Ltd.	It enabled services	0.05	201.2	0.05%	-0.02%	0.11% (May 2025)	0% (Oct 2024)	1.76 L	-0.57 L	Small Cap	3.31
Federal Bank Ltd.	Private sector bank	14.6	178.5	0.05%	-0.17%	0.43% (Jan 2025)	0% (Oct 2024)	9.25 L	-0.39 Cr	Mid Cap	13.37
Asian Paints (india) Ltd.	Paints	0.05	178	0.05%	-0.14%	1.5% (Jun 2025)	0.01% (Oct 2024)	75.75 k	-2.41 L	Large Cap	37.65
Mphasis Ltd.	Computers - software & consulting	4.03	170.8	0.04%	-0.09%	0.35% (Feb 2025)	0.04% (Sep 2025)	64.35 k	-1.27 L	Mid Cap	13.37
Oracle Financial Services Software Limited	Software products	0.04	168.3	0.04%	-0.01%	0.08% (Mar 2025)	0% (Oct 2024)	20.03 k	-3.08 k	Mid Cap	13.37
Kaynes Technology India Private Ltd.	Industrial products	0.04	166.4	0.04%	0.01%	0.04% (Sep 2025)	0% (Oct 2024)	23.60 k	0.00	Other	16.56
- Tube Investments Of India Ltd.	Auto components & equipments	0.84	162.9	0.04%	0.00%	0.08% (Mar 2025)	0% (Oct 2024)	52.60 k	-8.80 k	Small Cap	3.31
Indian Energy Exchange Ltd.	Exchange and data platform	0.29	161.3	0.04%	-0.02%	0.15% (Jun 2025)	0% (Apr 2025)	11.59 L	-6.26 L	Small Cap	3.31
Colgate - Palmolive (India) Limited	Personal care	0.58	154.5	0.04%	-0.13%	0.2% (Nov 2024)	0.01% (Jan 2025)	69.53 k	-2.25 L	Large Cap	37.65
# HDFC Asset Management Co. Ltd.	Asset management company	0.04	154.4	0.04%	0.04%	0.79% (Nov 2024)	0% (Oct 2024)	27.90 k	27.90 k	Large Cap	37.65
Laurus Labs Ltd.	Pharmaceuticals	2.76	151.7	0.04%	-0.01%	0.17% (Jun 2025)	0.01% (Oct 2024)	1.80 L	-0.71 L	Other	16.56
ICICI Lombard General Insurance Co Ltd.	General insurance	0.04	147.4	0.04%	0.01%	0.08% (Jun 2025)	0.01% (Nov 2024)	78.00 k	20.48 k	Large Cap	37.65
# UPL Ltd.	Pesticides & agrochemicals	0.05	144.8	0.04%	0.04%	0.54% (Nov 2024)	0% (Oct 2024)	2.21 L	2.21 L	Large Cap	37.65
# Havells India Ltd.	Consumer electronics	0.46	135.9	0.03%	0.03%	0.54% (Dec 2024)	0% (Aug 2025)	90.50 k	84.50 k	Large Cap	37.65
PG Electroplast Ltd.	Consumer electronics	0.46	135.4	0.03%	0.01%	0.03% (Sep 2025)	0% (Oct 2024)	2.70 L	1.03 L	Other	16.56
Polycab India Limited	Cables - electricals	0.12	123.9	0.03%	-0.06%	0.12% (Jun 2025)	0.03% (Nov 2024)	17.00 k	-0.37 L	Other	16.56
- Delhivery Ltd.	Logistics solution provider	0.16	118.6	0.03%	0.00%	0.04% (Jun 2025)	0% (Oct 2024)	2.64 L	-0.21 L	Other	16.56
# Edelweiss Securities Pvt. Ltd.	Stockbroking & allied	0.13	111.6	0.03%	0.03%	0.03% (Sep 2025)	0% (Oct 2024)	17.70 k	17.70 k	Other	16.56
Housing & Urban Development Corporation Ltd.	Financial institution	1.6	109.2	0.03%	0.01%	0.11% (Jun 2025)	0% (Oct 2024)	4.88 L	91.58 k	Small Cap	3.31
Fortis Healthcare Ltd.	Hospital	0.89	106	0.03%	-0.07%	0.1% (Aug 2025)	0% (Oct 2024)	1.09 L	-3.26 L	Other	16.56
Muthoot Finance Pvt. Ltd.	Non banking financial company (nbfc)	1.86	100.7	0.03%	-0.03%	0.13% (Oct 2024)	0.03% (Sep 2025)	32.73 k	-0.60 L	Mid Cap	13.37
NHPC Ltd.	Power generation	1.45	85.1	0.02%	-0.04%	0.07% (Apr 2025)	0% (Oct 2024)	9.86 L	-0.23 Cr	Mid Cap	13.37
Mankind Pharma Ltd.	Pharmaceuticals	2.76	83.9	0.02%	0.01%	0.02% (Sep 2025)	0% (Oct 2024)	34.43 k	22.05 k	Other	16.56
Bharat Dynamics Ltd.	Aerospace & defense	2.53	70.9	0.02%	-0.01%	0.03% (Jul 2025)	0% (Oct 2024)	47.45 k	-0.49 L	Other	16.56
- Supreme Industries Ltd.	Plastic products - industrial	0.09	70.2	0.02%	0.00%	0.08% (Apr 2025)	0% (Oct 2024)	16.63 k	175.00	Mid Cap	13.37
Zydus Lifesciences Ltd.	Pharmaceuticals	2.76	68.1	0.02%	0.01%	0.21% (Oct 2024)	0.01% (Aug 2025)	69.30 k	31.50 k	Mid Cap	13.37
# TVS Motor Company Ltd. - Preference Shares	2/3 wheelers	0.93	30.4	0.01%	0.00%	0% (Oct 2025)	0% (Oct 2025)	30.25 L	0.00	Other	16.56
UNO Minda Ltd.	Auto components & equipments	0.84	57.2	0.01%	-0.06%	0.07% (Aug 2025)	0% (Oct 2024)	44.00 k	-1.96 L	Small Cap	3.31
Pi Industries Ltd.	Pesticides & agrochemicals	0.05	53.5	0.01%	-0.03%	0.12% (Dec 2024)	0.01% (Sep 2025)	15.23 k	-0.33 L	Mid Cap	13.37
# Titagarh Rail Systems Ltd.	Railway wagons	0.01	46.8	0.01%	0.01%	0.05% (Jul 2025)	0% (Oct 2024)	53.65 k	41.33 k	Small Cap	3.31
360 ONE WAM Ltd.	Other financial services	0.01	38.9	0.01%	-0.02%	0.03% (Aug 2025)	0% (Oct 2024)	38.00 k	-0.91 L	Other	16.56
Tata Technologies Ltd.	Computers - software & consulting	4.03	37.5	0.01%	-0.07%	0.2% (Jun 2025)	0% (Oct 2024)	56.00 k	-4.77 L	Other	16.56
Piramal Pharma Ltd.	Pharmaceuticals	2.76	25.3	0.01%	-0.01%	0.02% (Jul 2025)	0% (Oct 2024)	1.33 L	-2.88 L	Other	16.56
Oil India Ltd.	Oil exploration & production	0.25	23.8	0.01%	-0.02%	0.18% (Apr 2025)	0% (Oct 2024)	57.40 k	-2.56 L	Mid Cap	13.37
# KPIT Technologies Ltd.	Computers - software & consulting	4.03	20.6	0.01%	0.01%	0.11% (Jan 2025)	0% (Oct 2024)	18.80 k	18.80 k	Other	16.56
- Indian Railway Finance Corporation Ltd.	Financial institution	1.6	15.2	0.00%	0.00%	0% (Aug 2025)	0% (Oct 2024)	1.23 L	0.00	Other	16.56
- Life Insurance Corporation Of India	Life insurance	0.69	13.9	0.00%	0.00%	0.19% (Jun 2025)	0% (Oct 2024)	15.40 k	-3.50 k	Other	16.56
- Amber Enterprises India Ltd.	Household appliances	0.39	9.7	0.00%	0.00%	0% (Sep 2025)	0% (Oct 2024)	1.20 k	1.20 k	Small Cap	3.31
- Indian Renewable Energy Development Agency Ltd.	Financial institution	1.6	9.2	0.00%	0.00%	0.03% (Jun 2025)	0% (Oct 2024)	62.10 k	0.00	Other	16.56
- InterGlobe Aviation Ltd.	Airline	0	9.2	0.00%	0.00%	0.71% (May 2025)	0% (Sep 2025)	1.65 k	1.35 k	Large Cap	37.65
- Indraprastha Gas Ltd.	Lpg/cng/png/lng supplier	0.16	6.9	0.00%	0.00%	0.05% (Oct 2024)	0% (Oct 2024)	33.00 k	33.00 k	Mid Cap	13.37
HDFC Life Insurance Company Ltd.	Life insurance	0.69	1.7	0.00%	-0.04%	0.27% (Feb 2025)	0% (Sep 2025)	2.20 k	-2.11 L	Large Cap	37.65
Ashok Leyland Ltd.	Commercial vehicles	0	0.7	0.00%	-0.12%	0.14% (Oct 2024)	0% (Oct 2024)	5.00 k	-0.40 Cr	Mid Cap	13.37
Bharat Forge Ltd.	Castings & forgings		477.5	0.00%	-0.11%	-	-	-	-	Mid Cap	13.37
Godrej Consumer Products Ltd	Personal care	0.58	991	0.00%	-0.24%	-	-	-	-	Large Cap	37.65
Bond - Mindspace Business Parks REIT	Real estate investment trusts (reits)		1971.2	0.00%	-0.47%	-	-	-	-	Other	16.56
Bajaj Auto Ltd.	2/3 wheelers	0.93	421.4	0.00%	-0.10%	-	-	-	-	Large Cap	37.65
Bond - Small Industries Development Bank Of India	Financial institution	1.6	250.9	0.00%	-0.06%	-	-	-	-	Other	16.56
Tata Chemicals Ltd.	Commodity chemicals		524.9	0.00%	-0.13%	-	-	-	-	Mid Cap	13.37
KFIN Technologies Ltd.	Financial technology (fintech)	0.95	9.2	0.00%	0.00%	-	-	-	-	Other	16.56
Dalmia Bharat Ltd.	Cement & cement products	1.07	210	0.00%	-0.05%	-	-	-	-	Mid Cap	13.37

- 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
# Hero Motocorp Ltd.	2/3 wheelers	707.6	0.18%	0.18%	0.54% (Mar 2025)	0% (Oct 2024)	1.29 L	129300
# HDFC Asset Management Co. Ltd.	Asset management company	154.4	0.04%	0.04%	0.79% (Nov 2024)	0% (Oct 2024)	27.90 k	27900
# Bond - Nuvoco Vistas Corporation Ltd.	Cement & cement products	1244	0.32%	0.32%	0% (Oct 2025)	0% (Oct 2025)	2.50 k	2500
- Indraprastha Gas Ltd.	Lpg/cng/png/lng supplier	6.9	0.00%	0.00%	0.05% (Oct 2024)	0% (Oct 2024)	33.00 k	33000
# Edelweiss Securities Pvt. Ltd.	Stockbroking & allied	111.6	0.03%	0.03%	0.03% (Sep 2025)	0% (Oct 2024)	17.70 k	17700
# UPL Ltd.	Pesticides & agrochemicals	144.8	0.04%	0.04%	0.54% (Nov 2024)	0% (Oct 2024)	2.21 L	220865
# KPIT Technologies Ltd.	Computers - software & consulting	20.6	0.01%	0.01%	0.11% (Jan 2025)	0% (Oct 2024)	18.80 k	18800
- Amber Enterprises India Ltd.	Household appliances	9.7	0.00%	0.00%	0% (Sep 2025)	0% (Oct 2024)	1.20 k	1200
# Bond - Equitas Small Finance Bank Ltd.	Other bank	1400.7	0.36%	0.36%	0% (Oct 2025)	0% (Oct 2025)	3.00 k	3000

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
Bharat Forge Ltd.	Castings & forgings	477.5	0.00%	-0.11%	0.11% (Aug 2025)	0% (Oct 2024)	-431500
Godrej Consumer Products Ltd	Personal care	991	0.00%	-0.24%	1.05% (Mar 2025)	0% (Oct 2024)	-797500
Bond - Mindspace Business Parks REIT	Real estate investment trusts (reits)	1971.2	0.00%	-0.47%	0% (Oct 2025)	0% (Oct 2025)	-4000
Bajaj Auto Ltd.	2/3 wheelers	421.4	0.00%	-0.10%	0.62% (Nov 2024)	0% (Oct 2024)	-48825
Bond - Small Industries Development Bank Of India	Financial institution	250.9	0.00%	-0.06%	0% (Oct 2025)	0% (Oct 2025)	-250
Tata Chemicals Ltd.	Commodity chemicals	524.9	0.00%	-0.13%	0.18% (Jun 2025)	0% (Oct 2024)	-570050
- KFIN Technologies Ltd.	Financial technology (fintech)	9.2	0.00%	0.00%	0% (Aug 2025)	0% (Oct 2024)	-9000
Dalmia Bharat Ltd.	Cement & cement products	210	0.00%	-0.05%	0.22% (Dec 2024)	0% (Oct 2024)	-87425

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.	6.53%	5.98%	6.13%	6.66%	5.83%	4.39%	2.76%	2.04%	1.80%	1.28%	2.36%	3.50%	3.18%
Reliance Industries Ltd.	2.71%	2.18%	1.99%	1.45%	1.34%	1.92%	3.87%	3.82%	4.42%	6.49%	5.78%	5.41%	4.21%
ICICI Bank Ltd.	4.82%	4.57%	3.53%	2.96%	2.12%	3.60%	2.79%	3.85%	2.50%	1.80%	2.12%	0.85%	0.52%
Axis Bank Ltd.	0.84%	3.21%	3.00%	2.37%	2.80%	3.14%	3.21%	3.81%	4.03%	2.12%	1.76%	1.42%	0.73%
State Bank Of India	2.10%	2.63%	2.77%	3.11%	2.59%	2.44%	2.15%	2.26%	2.29%	2.21%	1.74%	1.13%	1.10%
Tata Consultancy Services Ltd.	2.15%	2.24%	2.21%	1.75%	1.72%	1.87%	1.84%	1.61%	1.57%	1.19%	1.25%	2.87%	2.34%
Tata Motors Ltd.	0.92%	0.94%	0.86%	0.91%	1.15%	1.23%	1.68%	1.83%	2.05%	2.46%	2.38%	2.57%	3.75%
ITC Limited	1.62%	1.25%	1.41%	1.66%	1.95%	1.43%	2.15%	1.65%	1.51%	0.68%	1.11%	0.99%	0.74%
Hindustan Aeronautics Ltd.	1.45%	1.36%	1.23%	1.20%	1.23%	1.16%	1.11%	0.82%	0.93%	1.01%	1.20%	1.33%	1.52%
Bharat Electronics Ltd.	1.06%	1.00%	0.95%	0.88%	1.15%	0.93%	1.01%	1.10%	1.19%	1.57%	1.63%	1.45%	1.47%
Bharti Airtel Ltd.	1.20%	1.11%	0.94%	1.12%	0.77%	0.59%	0.54%	1.06%	2.06%	2.30%	1.75%	1.11%	0.60%
Vedanta Ltd.	0.95%	0.80%	0.95%	1.11%	0.78%	0.92%	1.30%	1.02%	1.30%	1.39%	1.48%	1.51%	1.52%
Infosys Ltd.	0.66%	0.46%	0.39%	0.46%	0.79%	1.01%	0.83%	1.17%	0.55%	1.35%	1.78%	2.16%	2.63%
Rural Electrification Corporation Limited	0.84%	0.86%	1.01%	0.96%	1.00%	1.11%	1.29%	1.09%	0.91%	0.74%	0.81%	0.84%	1.54%
Indusind Bank Ltd.	0.63%	0.65%	0.71%	1.00%	1.13%	1.29%	0.27%	1.01%	0.95%	0.94%	1.14%	1.19%	1.95%

No of Debt Holding 32 (Category Avg - 9.76) | Modified Duration 0.48 Years (Category Avg - 0.40)| Yield to Maturity 6.40% (Category Avg - 6.02%)

Portfolio Summary (as on 30th Sep,2025)

Security Type	% Weight	Category Average
GOI	0.00%	0.98%
CD	3.53%	1.86%
T-Bills	0.06%	1.28%
CP	4.49%	1.13%
NCD & Bonds	4.50%	2.59%
PTC	0.00%	0.02%

Category - Arbitrage Fund

Security Type	% Weight	Category Average
Government Backed	0.06%	2.27%
Low Risk	12.52%	5.59%
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 - Arbitrage Fund

Debt holding in Portfolio (as on 30th Sep,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Bharti Telecom Ltd.	CP	Telecom - equipment & accessories	P1+	CRISIL	7176.41	1.83%	14.40 k
Bond - HDFC Bank Ltd.	CD	Private sector bank	P1+	CRISIL	5692.57	1.45%	12.00 k
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	3328.63	0.85%	7.00 k
Bond - Axis Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	3021.52	0.77%	30.00 k
Bond - Bharti Telecom Ltd.	NCD & Bonds	Telecom - equipment & accessories	AAA	CRISIL	3008.88	0.77%	30.00 k
Bond - Tata Capital Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	2382.87	0.61%	5.00 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	2013.58	0.51%	20.00 k
Bond - Cholamandalam Investment & Finance Co. Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	1905.74	0.49%	4.00 k
Bond - Cholamandalam Investment & Finance Co. Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	1911.70	0.49%	4.00 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	1511.46	0.39%	15.00 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	1509.54	0.38%	15.00 k
Bond - State Bank Of India	NCD & Bonds	Public sector bank	AAA	CRISIL	1447.85	0.37%	1.45 k
Bond - Au Small Finance Bank Ltd.	CD	Other bank	P1+	CRISIL	1432.71	0.37%	3.00 k
Bond - Equitas Small Finance Bank Ltd.	CD	Other bank	P1+	CRISIL	1400.69	0.36%	3.00 k
Bond - Nuvoco Vistas Corporation Ltd.	CP	Cement & cement products	P1+	CRISIL	1244.01	0.32%	2.50 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	LAAA	ICRA	1007.61	0.26%	10.00 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	1006.09	0.26%	10.00 k
Bond - L&T Finance Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	971.86	0.25%	2.00 k
Bond - Tata Capital Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	971.65	0.25%	2.00 k
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	979.06	0.25%	2.00 k
Bond - Mangalore Refinery & Petrochemicals Ltd.	NCD & Bonds	Refineries & marketing	INDAAA	FITCH	849.68	0.22%	850.00
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	753.62	0.19%	7.50 k
Bond - Bharti Telecom Ltd.	NCD & Bonds	Telecom - equipment & accessories	AAA	CRISIL	751.60	0.19%	750.00
Bond - Tata Projects Ltd.	CP	Civil construction	P1+	CRISIL	494.07	0.13%	1.00 k
Bond - Punjab National Bank	CD	Public sector bank	P1+	CRISIL	493.88	0.13%	1.00 k
Bond - Cholamandalam Investment & Finance Co. Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	478.19	0.12%	1.00 k
Bond - Muthoot Finance Pvt. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA+	ICRA	300.80	0.08%	3.00 k
Bond - Bharti Telecom Ltd.	NCD & Bonds	Telecom - equipment & accessories	AAA	CRISIL	250.67	0.06%	250.00
Bond - Indian Bank	CD	Public sector bank	P1+	CRISIL	243.44	0.06%	500.00
Bond - HDFC Bank Ltd.	CD	Private sector bank	P1+	CRISIL	242.96	0.06%	500.00
Bond - T-Bill	T-Bills	Other			228.30	0.06%	23.00 L
Bond - Bajaj Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	200.31	0.05%	200.00

Name	Type of Instrument	Weight (%)
MF Units	MF Units	8.39%
MF Units	MF Units	2.85%
TREPS	TREPS	2.80%
MF Units	MF Units	2.74%
MF Units	MF Units	1.85%
Margin	Margin	0.00%
Net Receivables	Net Receivables	-2.10%