SBI Arbitrage Opportunities 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 : Arbitrage Fund

Portfolio Turnover Ratio : 1180.00%. Category average turnover ratio is 1450.12%. 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 : 74.87% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 74.87%

No of Stocks : 193 (Category Avg - 144.14) | Large Cap Investments : 38.55%| Mid Cap Investments : 14.47% | Small Cap Investments : 4.04% | Other : 17.81%

Portfolio Summary (as on 30th Nov,2025)

Particulars	This Scheme	Category
No. of Stocks	193	110.26
Top 5 Stock Weight	17.46%	22.69%
Top 10 Stock Weight	23.83%	35.17%
Top 3 Sector Weight	22.86%	27.11%

Category - Arbitrage Fund

Particulars	This Scheme	Category
Average mcap (Cr)	84938.30	88740.73
Holdings in large cap stocks	38.55%	41.21%
Holdings in mid cap stocks	14.47%	15.11%
Holdings in small cap stocks	4.04%	4.16%

Category - Arbitrage Fund

Top 10 Stocks holding in Portfolio (as on 30th Nov,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	25341.5	6.17%	-0.51%	6.68% (Oct 2025)	1.28% (Dec 2024)	2.52 Cr	-0.18 Cr
ICICI Bank Ltd.	Private sector bank	21927.1	5.34%	0.65%	5.34% (Nov 2025)	1.8% (Dec 2024)	1.58 Cr	18.97 L
Reliance Industries Ltd.	Refineries & marketing	8838.4	2.15%	-0.69%	6.49% (Dec 2024)	1.34% (May 2025)	56.39 L	-0.20 Cr
Tata Consultancy Services Ltd.	Computers - software & consulting	7837.3	1.91%	-0.33%	2.24% (Aug 2025)	1.19% (Dec 2024)	24.98 L	-4.16 L
ITC Limited	Diversified fmcg	7774.5	1.89%	-0.02%	2.15% (Mar 2025)	0.68% (Dec 2024)	1.92 Cr	11.57 L
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	5890.7	1.43%	0.15%	2.3% (Dec 2024)	0.54% (Mar 2025)	28.03 L	3.14 L
Axis Bank Ltd.	Private sector bank	5830.6	1.42%	0.38%	4.03% (Jan 2025)	0.84% (Sep 2025)	45.56 L	11.92 L
Vodafone Idea Ltd.	Telecom - cellular & fixed line services	4976.8	1.21%	0.10%	1.21% (Nov 2025)	0.23% (May 2025)	49.97 Cr	-0.51 Cr
Shriram Finance Ltd.	Non banking financial company (nbfc)	4903.5	1.19%	0.18%	1.19% (Nov 2025)	0.09% (Feb 2025)	57.58 L	3.60 L
Vedanta Ltd.	Diversified metals	4597.2	1.12%	0.05%	1.39% (Dec 2024)	0.78% (May 2025)	87.40 L	1.02 L

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

View complete holding

Complete equity Portfolio (as on 30th Nov,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 Bank Ltd.	Private sector bank	15.35	25341.5	6.17%	-0.51%	6.68% (Oct 2025)	1.28% (Dec 2024)	2.52 Cr	-0.18 Cr	Other	17.81
ICICI Bank Ltd.	Private sector bank	15.35	21927.1	5.34%	0.65%	5.34% (Nov 2025)	1.8% (Dec 2024)	1.58 Cr	18.97 L	Large Cap	38.55
Reliance Industries Ltd.	Refineries & marketing	3.31	8838.4	2.15%	-0.69%	6.49% (Dec 2024)	1.34% (May 2025)	56.39 L	-0.20 Cr	Large Cap	38.55
Tata Consultancy Services Ltd.	Computers - software & consulting	4.2	7837.3	1.91%	-0.33%	2.24% (Aug 2025)	1.19% (Dec 2024)	24.98 L	-4.16 L	Large Cap	38.55
ITC Limited	Diversified fmcg	2.34	7774.5	1.89%	-0.02%	2.15% (Mar 2025)	0.68% (Dec 2024)	1.92 Cr	11.57 L	Large Cap	38.55
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	2.64	5890.7	1.43%	0.15%	2.3% (Dec 2024)	0.54% (Mar 2025)	28.03 L	3.14 L	Large Cap	38.55
Axis Bank Ltd.	Private sector bank	15.35	5830.6	1.42%	0.38%	4.03% (Jan 2025)	0.84% (Sep 2025)	45.56 L	11.92 L	Large Cap	38.55
Vodafone Idea Ltd.	Telecom - cellular & fixed line services	2.64	4976.8	1.21%	0.10%	1.21% (Nov 2025)	0.23% (May 2025)	49.97 Cr	-0.51 Cr	Large Cap	38.55
Shriram Finance Ltd.	Non banking financial company (nbfc)	2.92	4903.5	1.19%	0.18%	1.19% (Nov 2025)	0.09% (Feb 2025)	57.58 L	3.60 L	Other	17.81
Vedanta Ltd.	Diversified metals	1.12	4597.2	1.12%	0.05%	1.39% (Dec 2024)	0.78% (May 2025)	87.40 L	1.02 L	Large Cap	38.55
Bharat Electronics Ltd.	Aerospace & defense	2.2	4506.2	1.10%	-0.08%	1.57% (Dec 2024)	0.88% (Jun 2025)	1.09 Cr	-1.21 L	Mid Cap	14.47
J S W Steel Ltd.	Iron & steel products	2.89	4435.3	1.08%	-0.05%	1.13% (Oct 2025)	0.47% (Mar 2025)	38.23 L	78.98 k	Large Cap	38.55
Power Finance Corporation Ltd.	Financial institution	2.02	4331.3	1.05%	-0.11%	1.16% (Oct 2025)	0.57% (Jul 2025)	1.19 Cr	4.76 L	Mid Cap	14.47
Hindustan Aeronautics Ltd.	Aerospace & defense	2.2	4315.7	1.05%	-0.53%	1.58% (Oct 2025)	0.82% (Feb 2025)	9.50 L	-3.98 L	Other	17.81
Eternal Ltd.	E-retail/ e-commerce	0.97	3995.3	0.97%	0.43%	0.97% (Nov 2025)	0.03% (Mar 2025)	1.33 Cr	65.31 L	Other	17.81
Larsen & Toubro Ltd.	Civil construction	1.09	3618.6	0.88%	-0.18%	1.06% (Oct 2025)	0.29% (Mar 2025)	8.89 L	-1.55 L	Large Cap	38.55
Rural Electrification Corporation Limited	Financial institution	2.02	3578.6	0.87%	-0.01%	1.29% (Mar 2025)	0.74% (Dec 2024)	99.16 L	5.07 L	Mid Cap	14.47
Indus Towers Ltd.	Telecom - infrastructure	1.01	3533.7	0.86%	0.04%	0.92% (Jan 2025)	0.21% (Jul 2025)	88.11 L	-1.72 L	Large Cap	38.55
Hindalco Industries Ltd.	Aluminium	1.25	3503.4	0.85%	0.54%	0.85% (Nov 2025)	0.21% (Mar 2025)	43.34 L	28.60 L	Large Cap	38.55
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	1.49	3477.3	0.85%	0.01%	0.95% (Aug 2025)	0.07% (Apr 2025)	2.19 L	13.05 k	Large Cap	38.55
- Indusind Bank Ltd.	Private sector bank	15.35	3470.1	0.84%	0.00%	1.29% (Apr 2025)	0.27% (Mar 2025)	40.42 L	-1.64 L	Large Cap	38.55
One 97 Communications Ltd.	Financial technology (fintech)	1.27	3427.6	0.83%	-0.05%	0.88% (Oct 2025)	0.03% (Dec 2024)	25.96 L	-0.90 L	Other	17.81
State Bank Of India	Public sector bank	2.47	3304.1	0.80%	-0.86%	3.11% (Jun 2025)	0.8% (Nov 2025)	33.75 L	-0.37 Cr	Large Cap	38.55
Coal India Ltd.	Coal	0.8	3294.6	0.80%	-0.13%	1.03% (Aug 2025)	0.22% (Mar 2025)	87.59 L	-8.09 L	Large Cap	38.55
Jio Financial Services Ltd.	Non banking financial company (nbfc)	2.92	3176.2	0.77%	0.04%	0.77% (Nov 2025)	0.18% (Dec 2024)	1.04 Cr	8.48 L	Other	17.81
Punjab National Bank	Public sector bank	2.47	3106.5	0.76%	0.01%	1.11% (Dec 2024)	0.47% (Aug 2025)	2.50 Cr	6.24 L	Large Cap	38.55
Aurobindo Pharma Ltd.	Pharmaceuticals	3.29	3075.9	0.75%	0.02%	0.75% (Nov 2025)	0.47% (Jan 2025)	25.07 L	-0.48 L	Large Cap	38.55
Adani Green Energy Ltd.	Power generation	1.4	2872.9	0.70%	-0.07%	0.81% (Jul 2025)	0.04% (Jan 2025)	27.41 L	45.00 k	Small Cap	4.04
Glenmark Pharmaceuticals Ltd.	Pharmaceuticals	3.29	2857.3	0.70%	0.27%	0.7% (Nov 2025)	0.02% (Dec 2024)	14.68 L	5.63 L	Mid Cap	14.47
Lupin Ltd.	Pharmaceuticals	3.29	2684	0.65%	-0.07%	0.72% (Oct 2025)	0.12% (Dec 2024)	12.89 L	-1.64 L	Large Cap	38.55
HCL Technologies Limited	Computers - software & consulting	4.2	2659.9	0.65%	-0.09%	0.88% (Jul 2025)	0.29% (Mar 2025)	16.38 L	-2.73 L	Large Cap	38.55
Tata Steel Ltd.	Iron & steel products	2.89	2630	0.64%	0.11%	0.64% (Nov 2025)	0.31% (Mar 2025)	1.57 Cr	41.36 L	Other	17.81
GMR Airports Ltd.	Airport & airport services	0.63	2594.5	0.63%	0.03%	0.63% (Nov 2025)	0.31% (Aug 2025)	2.39 Cr	-0.14 Cr	Small Cap	4.04
Adani Ports And Special Economic Zone Ltd.	Port & port services	0.63	2586	0.63%	0.03%	0.63% (Nov 2025)	0.2% (May 2025)	17.05 L	53.68 k	Large Cap	38.55
NMDC LTD	Industrial minerals	0.61	2522.7	0.61%	0.05%	0.61% (Nov 2025)	0.22% (Jun 2025)	3.41 Cr	46.98 L	Mid Cap	14.47
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	1.49	2425	0.59%	0.15%	0.92% (Dec 2024)	0.24% (Mar 2025)	6.45 L	1.40 L	Large Cap	38.55
TVS Motor Company Ltd.	2/3 wheelers	1.2	2422.6	0.59%	-0.05%	0.64% (Sep 2025)	0.23% (May 2025)	6.86 L	-0.43 L	Mid Cap	14.47
Indian Oil Corporation Ltd.	Refineries & marketing	3.31	2336.4	0.57%	-0.04%	0.61% (Oct 2025)	0.06% (Mar 2025)	1.44 Cr	-1.27 L	Large Cap	38.55
Hero Motocorp Ltd.	2/3 wheelers	1.2	2263.6	0.55%	0.14%	0.55% (Nov 2025)	0% (Dec 2024)	3.67 L	71.25 k	Large Cap	38.55
Grasim Industries Limited	Cement & cement products	1.34	2194.3	0.53%	0.07%	0.53% (Nov 2025)	0.17% (Dec 2024)	8.01 L	1.68 L	Large Cap	38.55
Tech Mahindra Ltd.	Computers - software & consulting	4.2	2191.3	0.53%	0.27%	0.53% (Nov 2025)	0.13% (Sep 2025)	14.44 L	7.25 L	Large Cap	38.55
Steel Authority Of India Ltd.	Iron & steel products	2.89	2164.1	0.53%	0.05%	0.53% (Nov 2025)	0.21% (Jan 2025)	1.60 Cr	19.88 L	Mid Cap	14.47
Dixon Technologies (India) Ltd.	Consumer electronics	0.56	2036.8	0.50%	0.11%	0.67% (Dec 2024)	0% (Dec 2024)	1.40 L	39.20 k	Other	17.81
IDFC First Bank Ltd.	Private sector bank	15.35	1988.8	0.48%	-0.11%	0.96% (May 2025)	0.09% (Dec 2024)	2.48 Cr	-0.42 Cr	Mid Cap	14.47
Kotak Mahindra Bank Ltd.	Private sector bank	15.35	1985.9	0.48%	-0.11%	1.17% (Feb 2025)	0.32% (Mar 2025)	9.35 L	-1.86 L	Large Cap	38.55
Aditya Birla Capital Ltd.	Life insurance	0.95	1980.2	0.48%	0.03%	0.48% (Nov 2025)	0.25% (Jun 2025)	55.30 L	24.80 k	Mid Cap	14.47
Bank Of Baroda	Public sector bank	2.47	1968.3	0.48%	-0.40%	0.93% (Dec 2024)	0.22% (May 2025)	67.92 L	-0.58 Cr	Large Cap	38.55
Trent Limited	Speciality retail	0.47	1916.1	0.47%	-0.01%	0.89% (Jan 2025)	0.04% (Jun 2025)	4.51 L	42.40 k	Mid Cap	14.47
DLF Ltd.	Residential, commercial projects	1.66	1910.9	0.47%	0.02%	1.01% (Dec 2024)	0.45% (Sep 2025)	26.41 L	2.89 L	Large Cap	38.55
Godrej Properties Ltd.	Residential, commercial projects	1.66	1903.9	0.46%	-0.04%	0.8% (Jan 2025)	0.25% (Jul 2025)	9.00 L	26.13 k	Mid Cap	14.47
Lodha Developers Ltd.	Residential, commercial projects	1.66	1903.5	0.46%	0.08%	0.46% (Nov 2025)	0% (Dec 2024)	16.58 L	3.97 L	Other	17.81
Hindustan Unilever Ltd.	Diversified fmcg	2.34	1867.7	0.45%	0.11%	0.45% (Nov 2025)	0.21% (Sep 2025)	7.57 L	2.10 L	Large Cap	38.55
Adani Energy Solutions Ltd.	Power - transmission	0.7	1760.9	0.43%	-0.01%	0.48% (Jun 2025)	0.01% (Dec 2024)	17.71 L	-9.45 k	Mid Cap	14.47
Ambuja Cements Ltd.	Cement & cement products	1.34	1742.4	0.42%	-0.03%	0.46% (Sep 2025)	0.02% (Jul 2025)	31.67 L	12.60 k	Large Cap	38.55
Sammaan Capital Ltd.	Housing finance company	1.01	1714.4	0.42%	0.03%	0.42% (Nov 2025)	0% (Dec 2024)	1.11 Cr	28.04 L	Mid Cap	14.47
Infosys Ltd.	Computers - software & consulting	4.2	1698	0.41%	-0.41%	1.35% (Dec 2024)	0.39% (Jul 2025)	10.88 L	-0.11 Cr	Large Cap	38.55
National Aluminium Co. Ltd.	Aluminium	1.25	1624.2	0.40%	0.07%	0.4% (Nov 2025)	0.04% (Jan 2025)	62.48 L	5.78 L	Small Cap	4.04
J S W Energy Ltd.	Power generation	1.4	1615	0.39%	-0.06%	0.55% (Jun 2025)	0.03% (Dec 2024)	33.05 L	-0.87 L	Mid Cap	14.47
Marico Ltd.	Personal care	0.76	1563.4	0.38%	0.03%	0.38% (Nov 2025)	0.08% (Apr 2025)	21.79 L	2.23 L	Large Cap	38.55
APL Apollo Tubes Ltd.	Iron & steel products	2.89	1557	0.38%	-0.01%	0.39% (Oct 2025)	0.04% (Jul 2025)	9.06 L	30.45 k	Other	17.81
Bajaj Finserv Ltd	Holding company	0.37	1537.5	0.37%	0.02%	0.56% (Jun 2025)	0.13% (Jan 2025)	7.34 L	58.25 k	Other	17.81
Solar Industries India Ltd.	Explosives	0.37	1530.9	0.37%	-0.03%	0.4% (Oct 2025)	0% (Dec 2024)	1.15 L	975.00	Small Cap	4.04
Varun Beverages Ltd.	Other beverages	0.37	1519.3	0.37%	0.01%	0.52% (Mar 2025)	0.03% (Dec 2024)	31.55 L	1.28 L	Other	17.81
PB Fintech Ltd.	Financial technology (fintech)	1.27	1515.1	0.37%	0.11%	0.37% (Nov 2025)	0% (Dec 2024)	8.33 L	2.60 L	Other	17.81
Crompton Greaves Consumer Electricals Ltd.	Household appliances	0.36	1485.4	0.36%	-0.02%	0.47% (Mar 2025)	0.31% (Jul 2025)	55.98 L	1.96 L	Mid Cap	14.47
Titan Company Ltd.	Gems, jewellery and watches	0.67	1482.6	0.36%	-0.07%	0.75% (Mar 2025)	0.2% (Aug 2025)	3.79 L	-0.81 L	Large Cap	38.55
Patanjali Foods Ltd.	Edible oil	0.35	1444	0.35%	-0.03%	0.44% (Jul 2025)	0% (Dec 2024)	25.42 L	47.70 k	Other	17.81
- Divis Laboratories Ltd.	Pharmaceuticals	3.29	1428.8	0.35%	0.00%	0.69% (May 2025)	0.19% (Dec 2024)	2.21 L	15.20 k	Large Cap	38.55
Ultratech Cement Ltd.	Cement & cement products	1.34	1422.7	0.35%	0.16%	0.92% (Mar 2025)	0.07% (Aug 2025)	1.23 L	60.55 k	Large Cap	38.55
Bajaj Finance Ltd.	Non banking financial company (nbfc)	2.92	1350.1	0.33%	0.19%	1.24% (Dec 2024)	0.1% (Sep 2025)	13.01 L	7.58 L	Other	17.81
- Hindustan Petroleum Corporation Ltd.	Refineries & marketing	3.31	1348.9	0.33%	0.00%	0.33% (Nov 2025)	0.16% (Mar 2025)	29.48 L	1.82 L	Large Cap	38.55
Max Healthcare Institute Ltd.	Hospital	0.75	1320.5	0.32%	-0.07%	0.48% (Sep 2025)	0.02% (Dec 2024)	11.36 L	-2.25 L	Other	17.81
Motherson Sumi Systems Ltd.	Auto components & equipments	1.1	1318.3	0.32%	0.12%	0.53% (Mar 2025)	0.17% (Sep 2025)	1.13 Cr	39.36 L	Large Cap	38.55
PNB Housing Finance Ltd.	Housing finance company	1.01	1305.2	0.32%	0.02%	0.32% (Nov 2025)	0% (Dec 2024)	14.42 L	1.63 L	Mid Cap	14.47
Kalyan Jewellers India Ltd.	Gems, jewellery and watches	0.67	1293.9	0.31%	0.04%	0.31% (Nov 2025)	0% (Dec 2024)	25.60 L	4.25 L	Other	17.81
RBL Bank Ltd.	Private sector bank	15.35	1283.5	0.31%	-0.02%	0.39% (Sep 2025)	0% (Dec 2024)	41.08 L	1.11 L	Mid Cap	14.47
Britannia Industries Ltd.	Packaged foods	0.53	1280.3	0.31%	-0.02%	0.38% (Apr 2025)	0% (Dec 2024)	2.19 L	-9.38 k	Large Cap	38.55
Bandhan Bank Ltd.	Private sector bank	15.35	1256.4	0.31%	0.14%	0.31% (Nov 2025)	0.11% (Jan 2025)	83.56 L	39.02 L	Large Cap	38.55
Apollo Hospitals Enterprises Ltd.	Hospital	0.75	1217.7	0.30%	-0.02%	0.43% (May 2025)	0.21% (Mar 2025)	1.66 L	1.25 k	Mid Cap	14.47
National Thermal Power Corporation Ltd.	Power generation	1.4	1170.8	0.28%	-0.03%	0.73% (Jan 2025)	0.23% (Mar 2025)	35.87 L	-0.32 L	Large Cap	38.55
# Adani Enterprises Ltd. - Rights	Trading - minerals	0.3	1167.5	0.28%	0.28%	0.28% (Nov 2025)	0% (Dec 2024)	24.31 L	24.31 L	Other	17.81
Bharat Heavy Electricals Ltd.	Heavy electrical equipment	0.66	1159	0.28%	0.02%	0.49% (Dec 2024)	0.22% (Feb 2025)	39.85 L	68.25 k	Mid Cap	14.47
Indian Hotels Company Limited	Hotels & resorts	0.27	1122.4	0.27%	0.03%	0.34% (Jul 2025)	0.03% (Dec 2024)	15.08 L	2.45 L	Mid Cap	14.47
- LIC Housing Finance Ltd.	Housing finance company	1.01	1105.9	0.27%	0.00%	0.34% (Jul 2025)	0.16% (Feb 2025)	20.14 L	1.10 L	Mid Cap	14.47
Power Grid Corporation of India Ltd.	Power - transmission	0.7	1103.3	0.27%	-0.01%	0.52% (May 2025)	0.24% (Apr 2025)	40.87 L	1.71 L	Large Cap	38.55
Manappuram Finance Ltd.	Non banking financial company (nbfc)	2.92	1077.1	0.26%	0.13%	0.28% (Jan 2025)	0.11% (Sep 2025)	37.80 L	18.54 L	Mid Cap	14.47
Jindal Steel Ltd.	Iron & steel products	2.89	1061.4	0.26%	-0.01%	0.78% (Dec 2024)	0.1% (May 2025)	10.16 L	19.38 k	Mid Cap	14.47
Bharat Petroleum Corporation Ltd.	Refineries & marketing	3.31	1059.6	0.26%	-0.06%	0.52% (Dec 2024)	0.16% (Feb 2025)	29.51 L	-5.94 L	Large Cap	38.55
Au Small Finance Bank Ltd.	Other bank	0.25	1013.5	0.25%	-0.36%	0.61% (Oct 2025)	0% (Dec 2024)	10.61 L	-0.17 Cr	Mid Cap	14.47
Container Corporation Of India Ltd.	Logistics solution provider	0.27	1005.3	0.24%	0.07%	0.38% (Dec 2024)	0.08% (Jul 2025)	19.66 L	7.08 L	Large Cap	38.55
- Exide Industries Ltd.	Auto components & equipments	1.1	941.8	0.23%	0.00%	0.43% (Dec 2024)	0.15% (Jun 2025)	25.13 L	1.49 L	Mid Cap	14.47
- IIFL Finance Ltd.	Non banking financial company (nbfc)	2.92	934.8	0.23%	0.00%	0.26% (Jul 2025)	0% (Dec 2024)	16.15 L	-0.64 L	Small Cap	4.04
Dabur India Ltd.	Personal care	0.76	922.3	0.22%	-0.02%	0.24% (Oct 2025)	0.05% (Jul 2025)	17.83 L	-1.86 L	Large Cap	38.55
Tata Consumer Products Ltd.	Tea & coffee	0.22	919.5	0.22%	-0.22%	0.59% (May 2025)	0.04% (Jan 2025)	7.84 L	-7.38 L	Mid Cap	14.47
Nestle India Ltd.	Packaged foods	0.53	905.5	0.22%	-0.02%	0.32% (Jun 2025)	0% (May 2025)	7.18 L	-0.20 L	Other	17.81
Mphasis Ltd.	Computers - software & consulting	4.2	902.3	0.22%	0.16%	0.35% (Feb 2025)	0.04% (Sep 2025)	3.21 L	2.29 L	Mid Cap	14.47
Coforge Ltd.	Computers - software & consulting	4.2	897.6	0.22%	-0.07%	0.83% (May 2025)	0.22% (Nov 2025)	4.70 L	-1.90 L	Other	17.81
Tata Power Co. Ltd.	Integrated power utilities	0.26	861.5	0.21%	-0.01%	0.84% (Dec 2024)	0.21% (Sep 2025)	22.08 L	-2.90 k	Mid Cap	14.47
United Spirits Ltd.	Breweries & distilleries	0.21	858.8	0.21%	-0.08%	0.35% (Jul 2025)	0.13% (Dec 2024)	5.92 L	-2.03 L	Large Cap	38.55
Petronet LNG Ltd.	Lpg/cng/png/lng supplier	0.2	822.6	0.20%	-0.01%	0.21% (Oct 2025)	0.08% (Dec 2024)	30.26 L	27.00 k	Large Cap	38.55
Union Bank Of India	Public sector bank	2.47	810.5	0.20%	0.04%	0.2% (Nov 2025)	0% (Feb 2025)	52.88 L	9.91 L	Mid Cap	14.47
SRF Ltd.	Specialty chemicals	0.29	810.3	0.20%	0.07%	0.27% (Jun 2025)	0.01% (Mar 2025)	2.77 L	98.80 k	Mid Cap	14.47
Bank Of India	Public sector bank	2.47	796.5	0.19%	-0.05%	0.24% (Oct 2025)	0.02% (Jan 2025)	54.13 L	-0.13 Cr	Mid Cap	14.47
Max Financial Services Ltd.	Life insurance	0.95	793.2	0.19%	0.04%	0.19% (Nov 2025)	0.01% (Dec 2024)	4.66 L	76.40 k	Mid Cap	14.47
BSE Ltd.	Exchange and data platform	0.39	788	0.19%	-0.04%	0.25% (Jun 2025)	0% (Dec 2024)	2.72 L	-0.95 L	Small Cap	4.04
Syngene International Ltd.	Healthcare research, analytics & technology	0.19	783.8	0.19%	-0.01%	0.27% (Jul 2025)	0.06% (Jan 2025)	12.09 L	0.00	Mid Cap	14.47
Hindustan Zinc Ltd.	Zinc	0.19	760.8	0.19%	0.01%	0.19% (Nov 2025)	0% (Dec 2024)	15.68 L	79.63 k	Large Cap	38.55
Indian Railway Catering and Tourism Corporation Ltd.	Tour, travel related services	0.18	755.3	0.18%	-0.03%	0.28% (Apr 2025)	0.15% (Sep 2025)	11.00 L	-0.44 L	Other	17.81
Cipla Ltd.	Pharmaceuticals	3.29	754	0.18%	-0.01%	0.53% (Dec 2024)	0.14% (Mar 2025)	4.92 L	-0.13 L	Large Cap	38.55
Bosch Ltd.	Auto components & equipments	1.1	734.8	0.18%	-0.01%	0.26% (Aug 2025)	0.02% (Dec 2024)	20.35 k	375.00	Large Cap	38.55
Suzlon Energy Ltd.	Heavy electrical equipment	0.66	728.9	0.18%	-0.02%	0.2% (Oct 2025)	0% (Dec 2024)	1.35 Cr	1.28 L	Small Cap	4.04
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	0.39	724	0.18%	0.05%	0.18% (Nov 2025)	0.01% (Jan 2025)	71.88 k	14.50 k	Small Cap	4.04
Oil & Natural Gas Corporation Ltd.	Oil exploration & production	0.17	707.7	0.17%	-0.01%	0.69% (Mar 2025)	0.17% (Nov 2025)	29.09 L	22.50 k	Large Cap	38.55
- Phoenix Mills Ltd.	Residential, commercial projects	1.66	679	0.17%	0.00%	0.18% (Jul 2025)	0% (Dec 2024)	3.91 L	-0.15 L	Small Cap	4.04
Sona BLW Precision Forgings Ltd.	Auto components & equipments	1.1	656.1	0.16%	-0.05%	0.26% (Aug 2025)	0% (Dec 2024)	12.82 L	-4.90 L	Other	17.81
HFCL Ltd.	Telecom - infrastructure	1.01	620.1	0.15%	-0.02%	0.17% (Oct 2025)	0.01% (Dec 2024)	88.37 L	-2.45 L	Small Cap	4.04
- Cyient Ltd.	It enabled services	0.15	619.4	0.15%	0.00%	0.15% (Nov 2025)	0% (Dec 2024)	5.51 L	42.50 k	Small Cap	4.04
NBCC (India) Ltd.	Civil construction	1.09	603.8	0.15%	0.03%	0.15% (Nov 2025)	0% (Dec 2024)	51.74 L	11.90 L	Mid Cap	14.47
Godrej Consumer Products Ltd	Personal care	0.76	585.4	0.14%	0.10%	1.05% (Mar 2025)	0% (Dec 2024)	5.11 L	3.79 L	Large Cap	38.55
Mazagon Dock Shipbuilders Ltd.	Ship building & allied services	0.14	570.7	0.14%	-0.02%	0.16% (Oct 2025)	0% (Dec 2024)	2.13 L	-0.20 L	Other	17.81
ICICI Prudential Life Insurance Co Ltd.	Life insurance	0.95	563.5	0.14%	0.02%	0.22% (Mar 2025)	0.11% (Sep 2025)	9.09 L	1.30 L	Large Cap	38.55
Fortis Healthcare Ltd.	Hospital	0.75	537.8	0.13%	0.12%	0.13% (Nov 2025)	0% (Dec 2024)	5.85 L	5.31 L	Other	17.81
Laurus Labs Ltd.	Pharmaceuticals	3.29	533	0.13%	-0.01%	0.17% (Jun 2025)	0.02% (Jan 2025)	5.17 L	-0.73 L	Other	17.81
Biocon Ltd.	Pharmaceuticals	3.29	521.8	0.13%	0.04%	0.23% (Dec 2024)	0.04% (Apr 2025)	13.10 L	3.90 L	Mid Cap	14.47
Tube Investments Of India Ltd.	Auto components & equipments	1.1	511.8	0.12%	-0.02%	0.14% (Oct 2025)	0.01% (Dec 2024)	1.84 L	-5.40 k	Small Cap	4.04
L&T Finance Holdings Ltd.	Investment company	0.12	489.2	0.12%	0.02%	0.12% (Nov 2025)	0% (Dec 2024)	15.66 L	1.43 L	Mid Cap	14.47
Supreme Industries Ltd.	Plastic products - industrial	0.11	454.1	0.11%	0.01%	0.11% (Nov 2025)	0% (Jun 2025)	1.34 L	26.95 k	Mid Cap	14.47
Inox Wind Ltd.	Heavy electrical equipment	0.66	451.5	0.11%	-0.01%	0.12% (Oct 2025)	0% (Dec 2024)	33.57 L	3.66 L	Small Cap	4.04
Central Depository Services (India) Ltd.	Depositories, clearing houses and other intermediaries	0.19	450.2	0.11%	0.05%	0.2% (Dec 2024)	0% (Dec 2024)	2.78 L	1.19 L	Small Cap	4.04
Alkem Laboratories Ltd.	Pharmaceuticals	3.29	437	0.11%	-0.04%	0.16% (Jul 2025)	0% (Dec 2024)	76.88 k	-0.33 L	Mid Cap	14.47
Persistent Systems Ltd.	Computers - software & consulting	4.2	435.2	0.11%	-0.05%	0.2% (Jul 2025)	0.02% (Dec 2024)	68.50 k	-0.41 L	Other	17.81
# SBI Cards and Payment Services Ltd.	Non banking financial company (nbfc)	2.92	421.1	0.10%	0.10%	0.1% (Nov 2025)	0% (Dec 2024)	4.78 L	4.56 L	Other	17.81
Info Edge (India) Ltd.	Internet & catalogue retail	0.1	415.5	0.10%	-0.06%	0.34% (Jan 2025)	0.1% (Nov 2025)	3.12 L	-1.37 L	Other	17.81
Mankind Pharma Ltd.	Pharmaceuticals	3.29	384.9	0.09%	0.07%	0.09% (Nov 2025)	0% (Dec 2024)	1.71 L	1.43 L	Other	17.81
Pidilite Industries Ltd.	Specialty chemicals	0.29	377	0.09%	-0.12%	0.54% (Mar 2025)	0.09% (Nov 2025)	2.57 L	-3.18 L	Large Cap	38.55
- Torrent Pharmaceuticals Ltd.	Pharmaceuticals	3.29	372.1	0.09%	0.00%	0.34% (Dec 2024)	0.09% (Nov 2025)	1.00 L	-3.25 k	Mid Cap	14.47
# UNO Minda Ltd.	Auto components & equipments	1.1	361.5	0.09%	0.09%	0.09% (Nov 2025)	0% (Dec 2024)	2.77 L	2.67 L	Small Cap	4.04
Computer Age Management Services Pvt Ltd.	Depositories, clearing houses and other intermediaries	0.19	340.2	0.08%	0.06%	0.12% (Jun 2025)	0% (Dec 2024)	87.90 k	70.20 k	Other	17.81
Polycab India Limited	Cables - electricals	0.08	333.4	0.08%	0.01%	0.12% (Jun 2025)	0.03% (Sep 2025)	44.63 k	7.63 k	Other	17.81
- Prestige Estates Projects Ltd.	Residential, commercial projects	1.66	327.6	0.08%	0.00%	0.17% (Jan 2025)	0.03% (Jun 2025)	1.95 L	16.20 k	Mid Cap	14.47
ICICI Lombard General Insurance Co Ltd.	General insurance	0.08	322.8	0.08%	0.01%	0.08% (Nov 2025)	0.01% (Jul 2025)	1.64 L	30.23 k	Large Cap	38.55
- LTIMindtree Ltd.	Computers - software & consulting	4.2	317.3	0.08%	0.00%	0.15% (Dec 2024)	0% (Dec 2024)	52.05 k	-2.25 k	Mid Cap	14.47
Asian Paints (india) Ltd.	Paints	0.08	312.6	0.08%	0.03%	1.5% (Jun 2025)	0.03% (May 2025)	1.09 L	25.25 k	Large Cap	38.55
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	3.29	295.5	0.07%	-0.03%	0.39% (Dec 2024)	0.07% (Mar 2025)	1.61 L	-0.73 L	Large Cap	38.55
Housing & Urban Development Corporation Ltd.	Financial institution	2.02	287.5	0.07%	0.02%	0.11% (Jun 2025)	0.02% (Jan 2025)	12.02 L	3.11 L	Small Cap	4.04
Oracle Financial Services Software Limited	Software products	0.07	280.9	0.07%	0.01%	0.08% (Mar 2025)	0% (Dec 2024)	34.65 k	7.20 k	Mid Cap	14.47
UPL Ltd.	Pesticides & agrochemicals	0.07	280.6	0.07%	0.02%	0.37% (Jan 2025)	0% (Dec 2024)	3.70 L	86.72 k	Large Cap	38.55
- CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	0.66	277.4	0.07%	0.00%	0.14% (Sep 2025)	0% (Dec 2024)	4.12 L	56.10 k	Small Cap	4.04
# KFIN Technologies Ltd.	Financial technology (fintech)	1.27	276.2	0.07%	0.07%	0.07% (Nov 2025)	0% (Dec 2024)	2.61 L	2.61 L	Other	17.81
NCC Ltd.	Civil construction	1.09	249.5	0.06%	-0.01%	0.07% (Oct 2025)	0% (Dec 2024)	14.55 L	1.89 L	Small Cap	4.04
InterGlobe Aviation Ltd.	Airline	0.06	239.9	0.06%	0.02%	0.71% (May 2025)	0% (Sep 2025)	40.65 k	14.40 k	Large Cap	38.55
SBI Life Insurance Co Ltd.	Life insurance	0.95	224.9	0.05%	-0.05%	0.47% (Dec 2024)	0.05% (Nov 2025)	1.14 L	-0.98 L	Large Cap	38.55
HDFC Asset Management Co. Ltd.	Asset management company	0.05	223.7	0.05%	0.01%	0.76% (Dec 2024)	0% (Dec 2024)	83.70 k	52.20 k	Large Cap	38.55
# Tata Motors Passenger Vehicles Ltd.	Passenger cars & utility vehicles	1.49	216.1	0.05%	0.05%	2.46% (Dec 2024)	0% (Oct 2025)	6.06 L	5.62 L	Large Cap	38.55
Life Insurance Corporation Of India	Life insurance	0.95	209.8	0.05%	0.03%	0.19% (Jun 2025)	0% (Sep 2025)	2.35 L	1.23 L	Other	17.81
Bharat Dynamics Ltd.	Aerospace & defense	2.2	198.2	0.05%	0.02%	0.05% (Nov 2025)	0% (Dec 2024)	1.31 L	64.03 k	Other	17.81
Torrent Power Ltd.	Integrated power utilities	0.26	188.3	0.05%	-0.06%	0.11% (Oct 2025)	0% (Dec 2024)	1.43 L	-1.93 L	Mid Cap	14.47
# Shree Cement Ltd.	Cement & cement products	1.34	181.5	0.04%	0.04%	0.13% (Aug 2025)	0% (Dec 2024)	6.88 k	6.88 k	Large Cap	38.55
- Havells India Ltd.	Consumer electronics	0.56	175.9	0.04%	0.00%	0.54% (Dec 2024)	0% (Aug 2025)	1.22 L	8.00 k	Large Cap	38.55
Canara Bank	Public sector bank	2.47	166.8	0.04%	-0.74%	0.83% (Sep 2025)	0.04% (Nov 2025)	11.00 L	-2.16 Cr	Other	17.81
Tata Technologies Ltd.	Computers - software & consulting	4.2	165.2	0.04%	0.02%	0.2% (Jun 2025)	0% (Dec 2024)	2.43 L	1.42 L	Other	17.81
Eicher Motors Ltd.	2/3 wheelers	1.2	162.9	0.04%	-0.05%	0.2% (Dec 2024)	0.02% (Feb 2025)	23.10 k	-0.26 L	Other	17.81
Muthoot Finance Pvt. Ltd.	Non banking financial company (nbfc)	2.92	161.7	0.04%	0.01%	0.12% (Dec 2024)	0.03% (Oct 2025)	43.18 k	0.00	Mid Cap	14.47
HDFC Life Insurance Company Ltd.	Life insurance	0.95	157.2	0.04%	-0.03%	0.27% (Feb 2025)	0% (Sep 2025)	2.06 L	-1.88 L	Large Cap	38.55
Zydus Lifesciences Ltd.	Pharmaceuticals	3.29	151.8	0.04%	0.01%	0.11% (Dec 2024)	0.01% (Aug 2025)	1.61 L	41.40 k	Mid Cap	14.47
GAIL (India) Ltd.	Gas transmission/marketing	0.04	145.9	0.04%	-0.13%	0.91% (Mar 2025)	0.04% (Nov 2025)	8.28 L	-0.29 Cr	Large Cap	38.55
Delhivery Ltd.	Logistics solution provider	0.27	138.8	0.03%	-0.01%	0.04% (Jun 2025)	0% (Dec 2024)	3.26 L	0.00	Other	17.81
- Kaynes Technology India Private Ltd.	Industrial products	0.03	134	0.03%	0.00%	0.04% (Jul 2025)	0% (Dec 2024)	24.40 k	4.70 k	Other	17.81
- Indian Railway Finance Corporation Ltd.	Financial institution	2.02	119.9	0.03%	0.00%	0.03% (Nov 2025)	0% (Dec 2024)	10.20 L	51.00 k	Other	17.81
NHPC Ltd.	Power generation	1.4	116.9	0.03%	-0.01%	0.07% (May 2025)	0% (Dec 2024)	15.23 L	-1.28 L	Mid Cap	14.47
# Tata Elxsi Ltd.	Computers - software & consulting	4.2	108.3	0.03%	0.03%	0.03% (Nov 2025)	0% (Dec 2024)	21.00 k	21.00 k	Small Cap	4.04
PG Electroplast Ltd.	Consumer electronics	0.56	102.2	0.02%	-0.02%	0.04% (Oct 2025)	0% (Dec 2024)	1.73 L	-0.78 L	Other	17.81
Oberoi Realty Ltd.	Residential, commercial projects	1.66	101.5	0.02%	-0.01%	0.16% (Aug 2025)	0% (Dec 2024)	61.60 k	-5.25 k	Mid Cap	14.47
Indian Energy Exchange Ltd.	Exchange and data platform	0.39	86.7	0.02%	-0.01%	0.15% (Jun 2025)	0% (Apr 2025)	6.23 L	-2.21 L	Small Cap	4.04
Colgate - Palmolive (India) Limited	Personal care	0.76	84.4	0.02%	-0.02%	0.17% (Dec 2024)	0.01% (Jan 2025)	38.93 k	-0.41 L	Large Cap	38.55
Adani Enterprises Ltd.	Trading - minerals	0.3	83.2	0.02%	-0.32%	1.18% (Dec 2024)	0.02% (Nov 2025)	36.48 k	-5.12 L	Mid Cap	14.47
# Siemens Ltd.	Heavy electrical equipment	0.66	81.2	0.02%	0.02%	0.45% (Mar 2025)	0% (Oct 2025)	24.63 k	20.75 k	Large Cap	38.55
# Cummins India Ltd.	Compressors, pumps & diesel engines	0.02	61.8	0.02%	0.02%	0.15% (Feb 2025)	0% (Dec 2024)	13.80 k	13.60 k	Mid Cap	14.47
- Titagarh Rail Systems Ltd.	Railway wagons	0.01	40.8	0.01%	0.00%	0.05% (Jul 2025)	0% (Dec 2024)	49.30 k	-0.12 L	Small Cap	4.04
# Bajaj Auto Ltd.	2/3 wheelers	1.2	23.8	0.01%	0.01%	0.52% (Dec 2024)	0% (Dec 2024)	2.63 k	2.63 k	Large Cap	38.55
# TVS Motor Company Ltd. - Preference Shares	2/3 wheelers	1.2	30.7	0.01%	0.00%	0% (Dec 2025)	0% (Dec 2025)	30.25 L	0.00	Other	17.81
- Edelweiss Securities Pvt. Ltd.	Stockbroking & allied	0	19	0.00%	0.00%	0.03% (Sep 2025)	0% (Dec 2024)	2.55 k	2.55 k	Other	17.81
- Indian Renewable Energy Development Agency Ltd.	Financial institution	2.02	13.3	0.00%	0.00%	0.03% (Jun 2025)	0% (Dec 2024)	93.15 k	79.35 k	Other	17.81
- KPIT Technologies Ltd.	Computers - software & consulting	4.2	13.2	0.00%	0.00%	0.11% (Jan 2025)	0% (Dec 2024)	10.80 k	0.00	Other	17.81
- Dalmia Bharat Ltd.	Cement & cement products	1.34	9.1	0.00%	0.00%	0.22% (Dec 2024)	0% (Dec 2024)	4.55 k	4.55 k	Mid Cap	14.47
- Blue Star Ltd.	Household appliances	0.36	4	0.00%	0.00%	0.01% (Jun 2025)	0% (Dec 2024)	2.28 k	1.30 k	Small Cap	4.04
- Avenue Supermarts Ltd.	Diversified retail	0	3	0.00%	0.00%	0.24% (Jan 2025)	0% (Dec 2024)	750.00	750.00	Large Cap	38.55
360 ONE WAM Ltd.	Other financial services	0	3	0.00%	-0.02%	0.03% (Aug 2025)	0% (Dec 2024)	2.50 k	-0.65 L	Other	17.81
- Bharat Forge Ltd.	Castings & forgings	0	2.9	0.00%	0.00%	0.11% (Aug 2025)	0% (Dec 2024)	2.00 k	2.00 k	Mid Cap	14.47
- Dr. Reddys Laboratories Ltd.	Pharmaceuticals	3.29	2.4	0.00%	0.00%	0.18% (Jun 2025)	0% (Dec 2024)	1.88 k	-0.14 L	Other	17.81
- Indian Bank	Public sector bank	2.47	1.7	0.00%	0.00%	0.1% (Jan 2025)	0% (Dec 2024)	2.00 k	0.00	Mid Cap	14.47
Astral Ltd.	Plastic products - industrial	0.11	1.2	0.00%	-0.01%	0.08% (Mar 2025)	0% (Dec 2024)	850.00	-0.26 L	Mid Cap	14.47
- Hitachi Energy India Ltd.	Heavy electrical equipment	0.66	1.1	0.00%	0.00%	0% (Nov 2025)	0% (Dec 2024)	50.00	0.00	Other	17.81
Angel One Ltd.	Stockbroking & allied	0	264.2	0.00%	-0.07%	-	-	-	-	Other	17.81
ABB India Ltd.	Heavy electrical equipment	0.66	161.2	0.00%	-0.04%	-	-	-	-	Large Cap	38.55
Pi Industries Ltd.	Pesticides & agrochemicals	0.07	55.1	0.00%	-0.01%	-	-	-	-	Mid Cap	14.47
KEI Industries Ltd.	Cables - electricals	0.08	182	0.00%	-0.05%	-	-	-	-	Small Cap	4.04
Oil India Ltd.	Oil exploration & production	0.17	290.6	0.00%	-0.07%	-	-	-	-	Mid Cap	14.47
Piramal Pharma Ltd.	Pharmaceuticals	3.29	25.5	0.00%	-0.01%	-	-	-	-	Other	17.81
Indraprastha Gas Ltd.	Lpg/cng/png/lng supplier	0.2	23.9	0.00%	-0.01%	-	-	-	-	Mid Cap	14.47

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

New Stocks added in Portfolio (in 1 month period ending 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
- Bharat Forge Ltd.	Castings & forgings	2.9	0.00%	0.00%	0.11% (Aug 2025)	0% (Dec 2024)	2.00 k	2000
# Adani Enterprises Ltd. - Rights	Trading - minerals	1167.5	0.28%	0.28%	0.28% (Nov 2025)	0% (Dec 2024)	24.31 L	2431192
# Bajaj Auto Ltd.	2/3 wheelers	23.8	0.01%	0.01%	0.52% (Dec 2024)	0% (Dec 2024)	2.63 k	2625
# Tata Elxsi Ltd.	Computers - software & consulting	108.3	0.03%	0.03%	0.03% (Nov 2025)	0% (Dec 2024)	21.00 k	21000
- Avenue Supermarts Ltd.	Diversified retail	3	0.00%	0.00%	0.24% (Jan 2025)	0% (Dec 2024)	750.00	750
- Edelweiss Securities Pvt. Ltd.	Stockbroking & allied	19	0.00%	0.00%	0.03% (Sep 2025)	0% (Dec 2024)	2.55 k	2550
# KFIN Technologies Ltd.	Financial technology (fintech)	276.2	0.07%	0.07%	0.07% (Nov 2025)	0% (Dec 2024)	2.61 L	261450
# Bond - ONGC Petro-Additions Ltd.	Petrochemicals	503.3	0.12%	0.12%	0% (Dec 2025)	0% (Dec 2025)	5.00 k	5000
# Shree Cement Ltd.	Cement & cement products	181.5	0.04%	0.04%	0.13% (Aug 2025)	0% (Dec 2024)	6.88 k	6875
- Dalmia Bharat Ltd.	Cement & cement products	9.1	0.00%	0.00%	0.22% (Dec 2024)	0% (Dec 2024)	4.55 k	4550

Stocks removed from Portfolio (in 1 month period ending 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	1M Change in Qty
Angel One Ltd.	Stockbroking & allied	264.2	0.00%	-0.07%	0.1% (Sep 2025)	0% (Dec 2024)	-106000
ABB India Ltd.	Heavy electrical equipment	161.2	0.00%	-0.04%	0.51% (Mar 2025)	0% (Dec 2024)	-30875
Pi Industries Ltd.	Pesticides & agrochemicals	55.1	0.00%	-0.01%	0.12% (Jan 2025)	0% (Dec 2024)	-15400
KEI Industries Ltd.	Cables - electricals	182	0.00%	-0.05%	0.09% (Mar 2025)	0% (Dec 2024)	-45150
Oil India Ltd.	Oil exploration & production	290.6	0.00%	-0.07%	0.18% (Mar 2025)	0% (Dec 2024)	-670600
Piramal Pharma Ltd.	Pharmaceuticals	25.5	0.00%	-0.01%	0.02% (Jul 2025)	0% (Dec 2024)	-127500
Indraprastha Gas Ltd.	Lpg/cng/png/lng supplier	23.9	0.00%	-0.01%	0.01% (May 2025)	0% (Dec 2024)	-112750

Trend in stock holdings (Top 15 Holding)

Stock	Nov 2025	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024
HDFC Bank Ltd.	6.17%	6.68%	6.53%	5.98%	6.13%	6.66%	5.83%	4.39%	2.76%	2.04%	1.80%	1.28%	2.36%
ICICI Bank Ltd.	5.34%	4.69%	4.82%	4.57%	3.53%	2.96%	2.12%	3.60%	2.79%	3.85%	2.50%	1.80%	2.12%
Reliance Industries Ltd.	2.15%	2.84%	2.71%	2.18%	1.99%	1.45%	1.34%	1.92%	3.87%	3.82%	4.42%	6.49%	5.78%
Axis Bank Ltd.	1.42%	1.04%	0.84%	3.21%	3.00%	2.37%	2.80%	3.14%	3.21%	3.81%	4.03%	2.12%	1.76%
State Bank Of India	0.80%	1.66%	2.10%	2.63%	2.77%	3.11%	2.59%	2.44%	2.15%	2.26%	2.29%	2.21%	1.74%
Tata Consultancy Services Ltd.	1.91%	2.24%	2.15%	2.24%	2.21%	1.75%	1.72%	1.87%	1.84%	1.61%	1.57%	1.19%	1.25%
ITC Limited	1.89%	1.91%	1.62%	1.25%	1.41%	1.66%	1.95%	1.43%	2.15%	1.65%	1.51%	0.68%	1.11%
Tata Motors Passenger Vehicles Ltd.	0.05%	-	-	-	-	-	-	-	-	-	-	-	-
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%
Bharti Airtel Ltd.	1.43%	1.28%	1.20%	1.11%	0.94%	1.12%	0.77%	0.59%	0.54%	1.06%	2.06%	2.30%	1.75%
Hindustan Aeronautics Ltd.	1.05%	1.58%	1.45%	1.36%	1.23%	1.20%	1.23%	1.16%	1.11%	0.82%	0.93%	1.01%	1.20%
Bharat Electronics Ltd.	1.10%	1.18%	1.06%	1.00%	0.95%	0.88%	1.15%	0.93%	1.01%	1.10%	1.19%	1.57%	1.63%
Vedanta Ltd.	1.12%	1.07%	0.95%	0.80%	0.95%	1.11%	0.78%	0.92%	1.30%	1.02%	1.30%	1.39%	1.48%
Rural Electrification Corporation Limited	0.87%	0.88%	0.84%	0.86%	1.01%	0.96%	1.00%	1.11%	1.29%	1.09%	0.91%	0.74%	0.81%
Indusind Bank Ltd.	0.84%	0.84%	0.63%	0.65%	0.71%	1.00%	1.13%	1.29%	0.27%	1.01%	0.95%	0.94%	1.14%
Power Finance Corporation Ltd.	1.05%	1.16%	0.73%	0.64%	0.57%	0.68%	0.75%	0.82%	0.92%	0.90%	0.99%	0.67%	0.84%

No of Debt Holding 19 (Category Avg - 8.40) | Modified Duration 0.38 Years (Category Avg - 0.32)| Yield to Maturity 6.24% (Category Avg - 5.94%)

Portfolio Summary (as on 30th Nov,2025)

Security Type	% Weight	Category Average
GOI	0.00%	0.85%
CD	3.07%	1.25%
T-Bills	0.05%	2.53%
CP	1.65%	1.16%
NCD & Bonds	1.87%	2.09%

Category - Arbitrage Fund

Security Type	% Weight	Category Average
Government Backed	0.05%	3.38%
Low Risk	6.59%	4.50%
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 Nov,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	3363.40	0.82%	7.00 k
Bond - Axis Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	3018.31	0.73%	30.00 k
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	2720.71	0.66%	5.50 k
Bond - Tata Capital Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	2410.64	0.59%	5.00 k
Bond - Cholamandalam Investment & Finance Co. Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	1935.41	0.47%	4.00 k
Bond - Cholamandalam Investment & Finance Co. Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	1929.49	0.47%	4.00 k
Bond - HDFC Bank Ltd.	CD	Private sector bank	P1+	CRISIL	1677.61	0.41%	3.50 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	LAAA	ICRA	1511.60	0.37%	15.00 k
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	1483.60	0.36%	3.00 k
Bond - Au Small Finance Bank Ltd.	CD	Other bank	P1+	CRISIL	1449.00	0.35%	3.00 k
Bond - Equitas Small Finance Bank Ltd.	CD	Other bank	P1+	CRISIL	1417.56	0.35%	3.00 k
Bond - Bharti Telecom Ltd.	NCD & Bonds	Telecom - equipment & accessories	AAA	CRISIL	1000.14	0.24%	10.00 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	752.44	0.18%	7.50 k
Bond - HDB Financial Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	636.88	0.16%	500.00
Bond - ONGC Petro-Additions Ltd.	NCD & Bonds	Petrochemicals	AA+	CRISIL	503.27	0.12%	5.00 k
Bond - National Bank for Agriculture & Rural Development	CD	Financial institution	P1+	CRISIL	492.09	0.12%	1.00 k
Bond - Cholamandalam Investment & Finance Co. Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	484.12	0.12%	1.00 k
Bond - Muthoot Finance Pvt. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA+	ICRA	300.13	0.07%	3.00 k
Bond - T-Bill	T-Bills	Other			218.38	0.05%	23.00 L

Name	Type of Instrument	Weight (%)
MF Units	MF Units	8.09%
MF Units	MF Units	3.48%
MF Units	MF Units	2.64%
TREPS	TREPS	2.47%
MF Units	MF Units	1.79%
Margin	Margin	0.24%
Net Receivables	Net Receivables	-0.22%