SBI Balanced Advantage 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 : Dynamic Asset Allocation or Balanced Advantage

Portfolio Turnover Ratio : 317.00%. Category average turnover ratio is 327.35%. 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 : 65.89% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 65.89%

No of Stocks : 89 (Category Avg - 74.34) | Large Cap Investments : 47.55%| Mid Cap Investments : 5.29% | Small Cap Investments : 0.42% | Other : 12.63%

Portfolio Summary (as on 30th Sep,2025)

Particulars	This Scheme	Category
No. of Stocks	89	70.94
Top 5 Stock Weight	17.88%	21.72%
Top 10 Stock Weight	27.66%	33.27%
Top 3 Sector Weight	22.65%	24.5%

Category - Dynamic Asset Allocation or Balanced Advantage

Particulars	This Scheme	Category
Average mcap (Cr)	105099.49	94441.43
Holdings in large cap stocks	47.55%	38.88%
Holdings in mid cap stocks	5.29%	8.53%
Holdings in small cap stocks	0.42%	4.26%

Category - Dynamic Asset Allocation or Balanced Advantage

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
Reliance Industries Ltd.	Refineries & marketing	20902.7	5.58%	-0.08%	6.01% (Jun 2025)	3.44% (Oct 2024)	1.53 Cr	40.00 k
HDFC Bank Ltd.	Private sector bank	18840.5	5.03%	-0.07%	5.95% (Feb 2025)	4.94% (Jan 2025)	1.98 Cr	1.64 L
Tata Steel Ltd.	Iron & steel products	9604.7	2.56%	0.24%	2.56% (Sep 2025)	1.92% (Jan 2025)	5.69 Cr	18.26 L
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	9485.6	2.53%	0.13%	3.33% (Nov 2024)	2.4% (Aug 2025)	50.50 L	3.82 L
GAIL (India) Ltd.	Gas transmission/marketing	8180.9	2.18%	-0.01%	3.2% (Oct 2024)	2.18% (Sep 2025)	4.64 Cr	0.00
ITC Limited	Diversified fmcg	7949.2	2.12%	-0.07%	2.3% (May 2025)	0.79% (Jan 2025)	1.98 Cr	1.92 L
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	7493.9	2.00%	0.20%	2.16% (Dec 2024)	1.72% (May 2025)	21.87 L	1.24 L
Tata Motors Ltd.	Passenger cars & utility vehicles	7187.8	1.92%	-0.01%	1.98% (Jun 2025)	0.99% (Feb 2025)	1.06 Cr	0.00
Larsen & Toubro Ltd.	Civil construction	7106.7	1.90%	-0.01%	2.25% (Nov 2024)	1.38% (Apr 2025)	19.42 L	0.00
Bank Of Baroda	Public sector bank	6889.3	1.84%	0.15%	1.87% (May 2025)	0.02% (Oct 2024)	2.66 Cr	0.00

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

View complete holding

Complete equity Portfolio (as on 30th Sep,2025)

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Sector
M-Cap

Help me understand this table

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	7.57	20902.7	5.58%	-0.08%	6.01% (Jun 2025)	3.44% (Oct 2024)	1.53 Cr	40.00 k	Large Cap	47.55
HDFC Bank Ltd.	Private sector bank	9.93	18840.5	5.03%	-0.07%	5.95% (Feb 2025)	4.94% (Jan 2025)	1.98 Cr	1.64 L	Other	12.63
Tata Steel Ltd.	Iron & steel products	2.67	9604.7	2.56%	0.24%	2.56% (Sep 2025)	1.92% (Jan 2025)	5.69 Cr	18.26 L	Other	12.63
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	2.53	9485.6	2.53%	0.13%	3.33% (Nov 2024)	2.4% (Aug 2025)	50.50 L	3.82 L	Large Cap	47.55
GAIL (India) Ltd.	Gas transmission/marketing	2.18	8180.9	2.18%	-0.01%	3.2% (Oct 2024)	2.18% (Sep 2025)	4.64 Cr	0.00	Large Cap	47.55
ITC Limited	Diversified fmcg	2.72	7949.2	2.12%	-0.07%	2.3% (May 2025)	0.79% (Jan 2025)	1.98 Cr	1.92 L	Large Cap	47.55
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	5.15	7493.9	2.00%	0.20%	2.16% (Dec 2024)	1.72% (May 2025)	21.87 L	1.24 L	Large Cap	47.55
Tata Motors Ltd.	Passenger cars & utility vehicles	5.15	7187.8	1.92%	-0.01%	1.98% (Jun 2025)	0.99% (Feb 2025)	1.06 Cr	0.00	Large Cap	47.55
Larsen & Toubro Ltd.	Civil construction	1.9	7106.7	1.90%	-0.01%	2.25% (Nov 2024)	1.38% (Apr 2025)	19.42 L	0.00	Large Cap	47.55
Bank Of Baroda	Public sector bank	4.9	6889.3	1.84%	0.15%	1.87% (May 2025)	0.02% (Oct 2024)	2.66 Cr	0.00	Large Cap	47.55
Axis Bank Ltd.	Private sector bank	9.93	6842.4	1.83%	0.11%	2.57% (Feb 2025)	1.72% (Aug 2025)	60.47 L	0.00	Large Cap	47.55
Punjab National Bank	Public sector bank	4.9	6292.5	1.68%	0.15%	1.68% (Jun 2025)	0.73% (Oct 2024)	5.58 Cr	0.00	Large Cap	47.55
HCL Technologies Limited	Computers - software & consulting	4.22	5984.6	1.60%	-0.11%	2.24% (Jan 2025)	0.75% (Oct 2024)	43.21 L	1.05 k	Large Cap	47.55
Asian Paints (india) Ltd.	Paints	1.57	5875	1.57%	-0.15%	2.23% (Jul 2025)	0% (Oct 2024)	25.00 L	0.00	Large Cap	47.55
Tech Mahindra Ltd.	Computers - software & consulting	4.22	5843	1.56%	-0.13%	2.17% (Nov 2024)	1.56% (Sep 2025)	41.73 L	-0.11 L	Large Cap	47.55
ICICI Bank Ltd.	Private sector bank	9.93	5540.6	1.48%	0.70%	1.48% (Sep 2025)	0.77% (Jun 2025)	41.10 L	20.61 L	Large Cap	47.55
Cesc Ltd.	Integrated power utilities	3.21	5506.3	1.47%	0.06%	1.97% (Oct 2024)	1.37% (Feb 2025)	3.40 Cr	0.00	Other	12.63
State Bank Of India	Public sector bank	4.9	5181.2	1.38%	0.08%	1.63% (Dec 2024)	1.29% (Jul 2025)	59.39 L	0.00	Large Cap	47.55
Torrent Power Ltd.	Integrated power utilities	3.21	4986.5	1.33%	-0.04%	2.28% (Oct 2024)	1.33% (Sep 2025)	40.91 L	750.00	Mid Cap	5.29
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	5.15	4605.9	1.23%	-0.33%	1.56% (Aug 2025)	0.5% (Mar 2025)	2.87 L	-1.00 L	Large Cap	47.55
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	3.41	4348.1	1.16%	-0.02%	1.79% (Oct 2024)	1.16% (Jun 2025)	27.27 L	24.15 k	Large Cap	47.55
Kotak Mahindra Bank Ltd.	Private sector bank	9.93	4257.2	1.14%	0.06%	1.68% (Feb 2025)	0.99% (Jul 2025)	21.36 L	1.23 L	Large Cap	47.55
Indian Oil Corporation Ltd.	Refineries & marketing	7.57	4235.3	1.13%	0.08%	1.92% (Oct 2024)	1.05% (Aug 2025)	2.83 Cr	0.00	Large Cap	47.55
Biocon Ltd.	Pharmaceuticals	3.41	3417.2	0.91%	-0.04%	1.1% (Nov 2024)	0.91% (Sep 2025)	1.00 Cr	0.00	Mid Cap	5.29
ICICI Prudential Life Insurance Co Ltd.	Life insurance	1.61	3350.8	0.89%	-0.03%	1.01% (Jun 2025)	0.71% (Mar 2025)	56.30 L	0.00	Large Cap	47.55
DLF Ltd.	Residential, commercial projects	0.87	3266.4	0.87%	-0.02%	1.48% (Oct 2024)	0.87% (Sep 2025)	45.81 L	1.82 L	Large Cap	47.55
Cipla Ltd.	Pharmaceuticals	3.41	3212.5	0.86%	-0.07%	0.99% (Oct 2024)	0.86% (Sep 2025)	21.37 L	0.00	Large Cap	47.55
- Indus Towers Ltd.	Telecom - infrastructure	0.83	3109.4	0.83%	0.00%	1.05% (May 2025)	0.18% (Feb 2025)	90.68 L	68.00 k	Large Cap	47.55
Mahindra & Mahindra Financial Services Ltd.	Non banking financial company (nbfc)	0.93	3026.5	0.81%	0.05%	0.81% (Sep 2025)	0% (Oct 2024)	1.10 Cr	0.00	Mid Cap	5.29
- United Spirits Ltd.	Breweries & distilleries	0.8	3000.2	0.80%	0.00%	1.1% (Dec 2024)	0.8% (Aug 2025)	22.66 L	18.80 k	Large Cap	47.55
Ashok Leyland Ltd.	Commercial vehicles	0.78	2903.3	0.78%	-0.14%	1.28% (Nov 2024)	0.78% (Sep 2025)	2.03 Cr	-0.62 Cr	Mid Cap	5.29
Dabur India Ltd.	Personal care	0.78	2880.9	0.77%	-0.06%	0.85% (Feb 2025)	0.06% (Oct 2024)	58.64 L	43.75 k	Large Cap	47.55
Petronet LNG Ltd.	Lpg/cng/png/lng supplier	0.71	2662.4	0.71%	0.01%	1.05% (Dec 2024)	0.7% (Aug 2025)	95.49 L	0.00	Large Cap	47.55
Bharat Petroleum Corporation Ltd.	Refineries & marketing	7.57	2582.4	0.69%	0.05%	0.75% (Oct 2024)	0.53% (Feb 2025)	76.03 L	0.00	Large Cap	47.55
Vishal Mega Mart Ltd.	Diversified retail	0.66	2460.4	0.66%	-0.01%	0.67% (Aug 2025)	0% (Oct 2024)	1.65 Cr	0.00	Other	12.63
Oil & Natural Gas Corporation Ltd.	Oil exploration & production	0.66	2454.8	0.66%	0.01%	0.86% (Oct 2024)	0.65% (Aug 2025)	1.02 Cr	0.00	Large Cap	47.55
Hindustan Unilever Ltd.	Diversified fmcg	2.72	2249.4	0.60%	-0.05%	0.82% (Nov 2024)	0.56% (Jun 2025)	8.95 L	0.00	Large Cap	47.55
Life Insurance Corporation Of India	Life insurance	1.61	2177.1	0.58%	0.02%	0.72% (Nov 2024)	0.55% (Feb 2025)	24.18 L	0.00	Other	12.63
Bajaj Finserv Ltd	Holding company	0.58	2173.5	0.58%	0.02%	0.61% (Jun 2025)	0.23% (Oct 2024)	10.83 L	4.00 k	Other	12.63
Tata Consultancy Services Ltd.	Computers - software & consulting	4.22	1978.7	0.53%	-0.05%	1.05% (Jan 2025)	0.46% (Jul 2025)	6.85 L	0.00	Large Cap	47.55
Cummins India Ltd.	Compressors, pumps & diesel engines	0.51	1902.8	0.51%	-0.01%	0.7% (Oct 2024)	0.46% (Jun 2025)	4.85 L	-0.16 L	Mid Cap	5.29
Delhivery Ltd.	Logistics solution provider	1.02	1806.7	0.48%	-0.03%	0.51% (Aug 2025)	0.3% (Mar 2025)	40.15 L	14.53 k	Other	12.63
Power Grid Corporation of India Ltd.	Power - transmission	0.47	1764.8	0.47%	0.02%	0.93% (Oct 2024)	0.45% (Aug 2025)	62.97 L	2.85 L	Large Cap	47.55
Sona BLW Precision Forgings Ltd.	Auto components & equipments	0.46	1597.6	0.43%	-0.04%	0.81% (Oct 2024)	0.22% (May 2025)	38.80 L	0.00	Other	12.63
Tata Power Co. Ltd.	Integrated power utilities	3.21	1535.7	0.41%	0.01%	0.73% (Oct 2024)	0.4% (Aug 2025)	39.51 L	0.00	Mid Cap	5.29
- Carborundum Universal Ltd.	Abrasives & bearings	0.39	1460	0.39%	0.00%	0.69% (Nov 2024)	0.39% (Aug 2025)	15.79 L	0.00	Small Cap	0.42
Titan Company Ltd.	Gems, jewellery and watches	0.37	1386.5	0.37%	0.16%	0.37% (Sep 2025)	0.19% (Jul 2025)	4.12 L	2.00 L	Large Cap	47.55
Wipro Ltd.	Computers - software & consulting	4.22	1326.8	0.35%	-0.03%	0.68% (Jan 2025)	0.35% (Sep 2025)	55.43 L	0.00	Large Cap	47.55
Gateway Rail Freight Ltd.	Logistics solution provider	1.02	1287.4	0.34%	-0.03%	0.57% (Oct 2024)	0.34% (Sep 2025)	2.10 Cr	0.00	Other	12.63
- Bandhan Bank Ltd.	Private sector bank	9.93	1259.5	0.34%	0.00%	0.4% (Jun 2025)	0.03% (Jan 2025)	77.64 L	0.00	Large Cap	47.55
ICICI Lombard General Insurance Co Ltd.	General insurance	0.31	1159.1	0.31%	-0.03%	0.48% (Oct 2024)	0.31% (Sep 2025)	6.13 L	-0.57 L	Large Cap	47.55
Grasim Industries Limited	Cement & cement products	0.46	1040.9	0.28%	-0.01%	0.34% (Mar 2025)	0% (Oct 2024)	3.78 L	0.00	Large Cap	47.55
- Alkem Laboratories Ltd.	Pharmaceuticals	3.41	974.3	0.26%	0.00%	0.26% (Sep 2025)	0% (Oct 2024)	1.80 L	0.00	Mid Cap	5.29
Hindalco Industries Ltd.	Aluminium	0.23	861.9	0.23%	0.05%	0.38% (Mar 2025)	0.17% (Apr 2025)	11.31 L	1.72 L	Large Cap	47.55
- Lupin Ltd.	Pharmaceuticals	3.41	784.7	0.21%	0.00%	0.47% (Dec 2024)	0.21% (Aug 2025)	4.11 L	0.00	Large Cap	47.55
Container Corporation Of India Ltd.	Logistics solution provider	1.02	749.4	0.20%	-0.01%	0.31% (Oct 2024)	0.2% (Sep 2025)	14.25 L	-1.25 k	Large Cap	47.55
Hindustan Petroleum Corporation Ltd.	Refineries & marketing	7.57	627.6	0.17%	0.07%	0.2% (Dec 2024)	0.1% (Aug 2025)	14.15 L	4.15 L	Large Cap	47.55
Go Fashion (India) Ltd.	Speciality retail	0.17	624.5	0.17%	-0.01%	0.32% (Oct 2024)	0.17% (Sep 2025)	9.26 L	0.00	Other	12.63
Infosys Ltd.	Computers - software & consulting	4.22	608.9	0.16%	-0.01%	0.33% (Dec 2024)	0.16% (Sep 2025)	4.22 L	0.00	Large Cap	47.55
- Associated Cement Companies Ltd.	Cement & cement products	0.46	593	0.16%	0.00%	0.23% (Oct 2024)	0.16% (Sep 2025)	3.25 L	0.00	Mid Cap	5.29
SBI Life Insurance Co Ltd.	Life insurance	1.61	531.1	0.14%	-0.01%	0.22% (Oct 2024)	0.14% (Sep 2025)	2.97 L	0.00	Large Cap	47.55
Nestle India Ltd.	Packaged foods	0.13	492.9	0.13%	0.12%	0.13% (Sep 2025)	0% (Oct 2024)	4.28 L	4.10 L	Other	12.63
Shriram Finance Ltd.	Non banking financial company (nbfc)	0.93	434.6	0.12%	0.02%	0.21% (Nov 2024)	0% (Oct 2024)	7.05 L	48.68 k	Other	12.63
Indusind Bank Ltd.	Private sector bank	9.93	425.8	0.11%	-0.01%	0.31% (Apr 2025)	0.01% (Oct 2024)	5.79 L	0.00	Large Cap	47.55
# Vedanta Ltd.	Diversified metals	0.06	227.1	0.06%	0.06%	0.06% (Sep 2025)	0% (Oct 2024)	4.88 L	4.66 L	Large Cap	47.55
J S W Steel Ltd.	Iron & steel products	2.67	208.3	0.06%	0.01%	0.19% (Oct 2024)	0.05% (Aug 2025)	1.82 L	0.00	Large Cap	47.55
# Eternal Ltd.	E-retail/ e-commerce	0.05	191	0.05%	0.05%	0.05% (Sep 2025)	0% (Oct 2024)	5.87 L	5.87 L	Other	12.63
Jindal Steel Ltd.	Iron & steel products	2.67	184.2	0.05%	0.01%	0.1% (Dec 2024)	0% (Oct 2024)	1.73 L	0.00	Mid Cap	5.29
- Tube Investments Of India Ltd.	Auto components & equipments	0.46	106.8	0.03%	0.00%	0.03% (Aug 2025)	0% (Oct 2024)	34.50 k	0.00	Small Cap	0.42
Crompton Greaves Consumer Electricals Ltd.	Household appliances	0.02	88.1	0.02%	-0.01%	0.04% (Nov 2024)	0.02% (Sep 2025)	3.03 L	0.00	Mid Cap	5.29
- Rural Electrification Corporation Limited	Financial institution	0.02	77.5	0.02%	0.00%	0.09% (Oct 2024)	0.02% (Aug 2025)	2.08 L	-0.47 L	Mid Cap	5.29
- Bharat Electronics Ltd.	Aerospace & defense	0.02	62.2	0.02%	0.00%	0.02% (Sep 2025)	0% (Oct 2024)	1.54 L	0.00	Mid Cap	5.29
# Ultratech Cement Ltd.	Cement & cement products	0.46	56.8	0.02%	0.02%	0.19% (Jan 2025)	0% (Oct 2024)	4.65 k	4.60 k	Large Cap	47.55
# Persistent Systems Ltd.	Computers - software & consulting	4.22	48.7	0.01%	0.01%	0.01% (Sep 2025)	0% (Oct 2024)	10.10 k	10.10 k	Other	12.63
# Siemens Ltd.	Heavy electrical equipment	0.01	43.4	0.01%	0.01%	0.01% (Sep 2025)	0% (Oct 2024)	13.88 k	13.88 k	Large Cap	47.55
- One 97 Communications Ltd.	Financial technology (fintech)	0.01	38.3	0.01%	0.00%	0.01% (Sep 2025)	0% (Oct 2024)	34.08 k	13.78 k	Other	12.63
- Aurobindo Pharma Ltd.	Pharmaceuticals	3.41	31	0.01%	0.00%	0.01% (Dec 2024)	0.01% (Oct 2024)	28.60 k	0.00	Large Cap	47.55
# Coforge Ltd.	Computers - software & consulting	4.22	30.4	0.01%	0.01%	0.01% (Sep 2025)	0% (Oct 2024)	19.13 k	19.13 k	Other	12.63
# Tata Consumer Products Ltd.	Tea & coffee	0.01	28	0.01%	0.01%	0.04% (May 2025)	0% (Oct 2024)	24.75 k	24.75 k	Mid Cap	5.29
# Marico Ltd.	Personal care	0.78	21.8	0.01%	0.01%	0.03% (Feb 2025)	0% (Oct 2024)	31.20 k	31.20 k	Large Cap	47.55
- HDFC Asset Management Co. Ltd.	Asset management company	0	16.6	0.00%	0.00%	0.17% (May 2025)	0% (Aug 2025)	3.01 k	0.00	Large Cap	47.55
- PNB Housing Finance Ltd.	Housing finance company	0	12.9	0.00%	0.00%	0% (Aug 2025)	0% (Oct 2024)	14.95 k	0.00	Mid Cap	5.29
- NMDC LTD	Industrial minerals	0	12.4	0.00%	0.00%	0.04% (Mar 2025)	0% (Sep 2025)	1.62 L	0.00	Mid Cap	5.29
- Info Edge (India) Ltd.	Internet & catalogue retail	0	3.9	0.00%	0.00%	0% (Sep 2025)	0% (Oct 2024)	3.00 k	3.00 k	Other	12.63
- LIC Housing Finance Ltd.	Housing finance company	0	3.4	0.00%	0.00%	0.04% (Dec 2024)	0% (Oct 2024)	6.00 k	0.00	Mid Cap	5.29
- Bajaj Finance Ltd.	Non banking financial company (nbfc)	0.93	1.1	0.00%	0.00%	0.23% (Feb 2025)	0% (Jun 2025)	1.05 k	0.00	Other	12.63
InterGlobe Aviation Ltd.	Airline	0	0.8	0.00%	-0.51%	0.89% (Apr 2025)	0% (Sep 2025)	150.00	-3.33 L	Large Cap	47.55
- Indian Hotels Company Limited	Hotels & resorts	0	0.7	0.00%	0.00%	0% (Sep 2025)	0% (Oct 2024)	1.00 k	1.00 k	Mid Cap	5.29
- Dr. Reddys Laboratories Ltd.	Pharmaceuticals	3.41	0.3	0.00%	0.00%	0% (Sep 2025)	0% (May 2025)	250.00	0.00	Other	12.63
Coal India Ltd.	Coal		10.6	0.00%	0.00%	-	-	-	-	Large Cap	47.55
Trent Limited	Speciality retail	0.17	10.1	0.00%	0.00%	-	-	-	-	Mid Cap	5.29
360 ONE WAM Ltd.	Other financial services		18.3	0.00%	0.00%	-	-	-	-	Other	12.63
Bond - TVS Credit Services Ltd	Non banking financial company (nbfc)	0.93	125.1	0.00%	-0.03%	-	-	-	-	Other	12.63

- 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
# Tata Consumer Products Ltd.	Tea & coffee	28	0.01%	0.01%	0.04% (May 2025)	0% (Oct 2024)	24.75 k	24750
- Indian Hotels Company Limited	Hotels & resorts	0.7	0.00%	0.00%	0% (Sep 2025)	0% (Oct 2024)	1.00 k	1000
# Coforge Ltd.	Computers - software & consulting	30.4	0.01%	0.01%	0.01% (Sep 2025)	0% (Oct 2024)	19.13 k	19125
# Marico Ltd.	Personal care	21.8	0.01%	0.01%	0.03% (Feb 2025)	0% (Oct 2024)	31.20 k	31200
# Bond - Bank Of India	Public sector bank	1979.8	0.53%	0.53%	0% (Nov 2025)	0% (Nov 2025)	4.00 k	4000
# Persistent Systems Ltd.	Computers - software & consulting	48.7	0.01%	0.01%	0.01% (Sep 2025)	0% (Oct 2024)	10.10 k	10100
# Siemens Ltd.	Heavy electrical equipment	43.4	0.01%	0.01%	0.01% (Sep 2025)	0% (Oct 2024)	13.88 k	13875
# Eternal Ltd.	E-retail/ e-commerce	191	0.05%	0.05%	0.05% (Sep 2025)	0% (Oct 2024)	5.87 L	586850
- Info Edge (India) Ltd.	Internet & catalogue retail	3.9	0.00%	0.00%	0% (Sep 2025)	0% (Oct 2024)	3.00 k	3000
# Bond - Nuvoco Vistas Corporation Ltd.	Cement & cement products	1244	0.33%	0.33%	0% (Nov 2025)	0% (Nov 2025)	2.50 k	2500

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
- Coal India Ltd.	Coal	10.6	0.00%	0.00%	0.14% (Feb 2025)	0% (Oct 2024)	-28350
- Trent Limited	Speciality retail	10.1	0.00%	0.00%	0.01% (Nov 2024)	0% (Oct 2024)	-1900
- 360 ONE WAM Ltd.	Other financial services	18.3	0.00%	0.00%	0% (Aug 2025)	0% (Oct 2024)	-18000
Bond - TVS Credit Services Ltd	Non banking financial company (nbfc)	125.1	0.00%	-0.03%	0% (Nov 2025)	0% (Nov 2025)	-250

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.	5.03%	5.10%	5.42%	5.37%	5.37%	5.42%	5.76%	5.95%	4.94%	5.17%	5.19%	5.52%	5.04%
Reliance Industries Ltd.	5.58%	5.66%	5.58%	6.01%	5.87%	5.91%	5.50%	4.46%	4.59%	4.42%	4.00%	3.44%	3.12%
Bharti Airtel Ltd.	2.53%	2.40%	2.43%	2.55%	2.42%	2.53%	3.32%	3.28%	3.32%	3.25%	3.33%	3.29%	3.37%
GAIL (India) Ltd.	2.18%	2.19%	2.24%	2.51%	2.99%	3.10%	3.08%	2.73%	2.78%	3.01%	3.14%	3.20%	3.89%
Tata Steel Ltd.	2.56%	2.32%	2.38%	2.40%	2.54%	2.25%	2.15%	2.00%	1.92%	1.98%	2.02%	2.11%	2.35%
Axis Bank Ltd.	1.83%	1.72%	1.74%	1.95%	1.99%	2.02%	2.12%	2.57%	2.44%	2.00%	2.03%	1.93%	2.00%
Larsen & Toubro Ltd.	1.90%	1.91%	1.93%	1.95%	2.01%	1.38%	1.53%	1.83%	2.15%	2.19%	2.25%	2.23%	1.97%
Mahindra & Mahindra Ltd.	2.00%	1.80%	1.80%	1.78%	1.72%	1.84%	1.87%	1.90%	2.14%	2.16%	2.13%	1.98%	2.04%
Tech Mahindra Ltd.	1.56%	1.69%	1.67%	1.92%	1.85%	1.81%	1.75%	1.92%	2.11%	2.16%	2.17%	2.07%	2.00%
Torrent Power Ltd.	1.33%	1.37%	1.47%	1.64%	1.58%	1.80%	1.79%	1.59%	1.80%	1.83%	1.86%	2.28%	2.38%
Cesc Ltd.	1.47%	1.41%	1.58%	1.59%	1.55%	1.55%	1.54%	1.37%	1.46%	1.90%	1.78%	1.97%	2.08%
HCL Technologies Limited	1.60%	1.71%	1.73%	2.04%	1.99%	1.94%	2.02%	2.09%	2.24%	0.82%	0.79%	0.75%	0.75%
ITC Limited	2.12%	2.19%	2.21%	2.23%	2.30%	1.69%	1.67%	1.68%	0.79%	0.85%	0.84%	0.88%	0.92%
Indian Oil Corporation Ltd.	1.13%	1.05%	1.13%	1.13%	1.23%	1.74%	1.65%	1.54%	1.70%	1.81%	1.84%	1.92%	2.41%
Tata Motors Ltd.	1.92%	1.93%	1.92%	1.98%	1.88%	1.72%	1.85%	0.99%	1.11%	1.14%	1.21%	1.07%	0.87%

No of Debt Holding 54 (Category Avg - 29.94) | Modified Duration 3.65 Years (Category Avg - 3.15)| Yield to Maturity 6.93% (Category Avg - 6.66%)

Portfolio Summary (as on 30th Sep,2025)

Security Type	% Weight	Category Average
GOI	5.81%	8.55%
CD	2.34%	0.41%
T-Bills	0.00%	1.09%
CP	0.99%	0.29%
NCD & Bonds	18.81%	11.13%
PTC	0.00%	0.29%

Category - Dynamic Asset Allocation or Balanced Advantage

Security Type	% Weight	Category Average
Government Backed	5.81%	9.65%
Low Risk	20.46%	11.18%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	1.68%	0.22%

Category - Dynamic Asset Allocation or Balanced Advantage

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

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Govt of India	GOI	Other			8354.71	2.23%	8.50 Cr
Bond - Cholamandalam Investment & Finance Co. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	U	NA	6310.54	1.68%	54.00 k
Bond - Cholamandalam Investment & Finance Co. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA+	ICRA	4068.30	1.09%	39.50 k
Bond - Bajaj Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	3809.80	1.02%	37.50 k
Bond - Govt of India	GOI	Other			3656.73	0.98%	3.50 Cr
Bond - Govt of India	GOI	Other			3357.09	0.90%	3.25 Cr
Bond - Bharti Telecom Ltd.	NCD & Bonds	Telecom - equipment & accessories	AAA	CRISIL	3103.38	0.83%	30.00 k
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	3037.48	0.81%	30.00 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	2918.45	0.78%	29.00 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	2795.69	0.75%	27.50 k
Bond - Govt of India	GOI	Other			2571.76	0.69%	2.50 Cr
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	2499.20	0.67%	5.00 k
Bond - Jamnagar Utilities & Power Pvt. Ltd.	NCD & Bonds	Power generation	AAA	CRISIL	2488.38	0.66%	25.00 k
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	2377.59	0.63%	5.00 k
Bond - Godrej Properties Ltd.	NCD & Bonds	Residential, commercial projects	LAA+	ICRA	2279.81	0.61%	22.50 k
Bond - Muthoot Finance Pvt. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA+	CRISIL	2256.35	0.60%	22.50 k
Bond - ICICI Prudential Life Insurance Co Ltd.	NCD & Bonds	Life insurance	AAA	CRISIL	2167.88	0.58%	21.50 k
Bond - Bharti Telecom Ltd.	NCD & Bonds	Telecom - equipment & accessories	AAA	CRISIL	2082.79	0.56%	20.00 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	2076.45	0.55%	200.00
Bond - State Bank Of India	NCD & Bonds	Public sector bank	AA+	CRISIL	2074.35	0.55%	200.00
Bond - Bajaj Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	2054.35	0.55%	20.00 k
Bond - Tata Capital Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	2034.64	0.54%	20.00 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	LAAA	ICRA	1992.36	0.53%	20.00 k
Bond - Bank Of India	CD	Public sector bank	P1+	CRISIL	1979.78	0.53%	4.00 k
Bond - Kotak Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	1990.47	0.53%	4.00 k
Bond - HDFC Bank Ltd.	CD	Private sector bank	P1+	CRISIL	1897.52	0.51%	4.00 k
Bond - Mindspace Business Parks REIT	NCD & Bonds	Real estate investment trusts (reits)	AAA	CRISIL	1927.23	0.51%	19.00 k
Bond - Tata Capital Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	1820.36	0.49%	1.75 k
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	1732.31	0.46%	17.50 k
Bond - Mahindra Rural Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	1530.45	0.41%	15.00 k
Bond - Summit Digitel Infrastructure Pvt Ltd.	NCD & Bonds	Telecom - infrastructure	AAA	CRISIL	1524.16	0.41%	15.00 k
Bond - Muthoot Finance Pvt. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA+	CRISIL	1517.20	0.41%	15.00 k
Bond - Tata Capital Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	1513.24	0.40%	15.00 k
Bond - HDFC Life Insurance Company Ltd.	NCD & Bonds	Life insurance	LAAA	ICRA	1476.01	0.39%	14.60 k
Bond - Govt of India	GOI	Other			1431.67	0.38%	1.50 Cr
Bond - Govt of India	GOI	Other			1358.49	0.36%	1.35 Cr
Bond - Nuvoco Vistas Corporation Ltd.	CP	Cement & cement products	P1+	CRISIL	1244.01	0.33%	2.50 k
Bond - Torrent Power Ltd.	NCD & Bonds	Integrated power utilities	AA+	CRISIL	1039.20	0.28%	10.00 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	LAAA	ICRA	1025.01	0.27%	10.00 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	LAAA	ICRA	1014.13	0.27%	10.00 k
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	996.37	0.27%	10.00 k
Bond - Govt of India	GOI	Other			992.87	0.27%	1.00 Cr
Bond - Muthoot Finance Pvt. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA+	CRISIL	768.47	0.21%	7.50 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	762.99	0.20%	7.50 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	761.82	0.20%	7.50 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	760.71	0.20%	7.50 k
Bond - Torrent Power Ltd.	NCD & Bonds	Integrated power utilities	AA+	CRISIL	522.85	0.14%	5.00 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	509.39	0.14%	5.00 k
Bond - Tata Communications Ltd.	NCD & Bonds	Telecom - cellular & fixed line services	CARE AAA	CARE	504.21	0.13%	5.00 k
Bond - State Bank Of India	NCD & Bonds	Public sector bank	AAA	CRISIL	499.26	0.13%	500.00
Bond - Bharti Telecom Ltd.	CP	Telecom - equipment & accessories	P1+	CRISIL	498.36	0.13%	1.00 k
Bond - Torrent Power Ltd.	NCD & Bonds	Integrated power utilities	AA+	CRISIL	261.43	0.07%	2.50 k
Bond - Punjab National Bank	NCD & Bonds	Public sector bank	AAA	CRISIL	250.59	0.07%	2.50 k
Bond - Bank Of Baroda	NCD & Bonds	Public sector bank	AAA	CRISIL	220.28	0.06%	22.00

Name	Type of Instrument	Weight (%)
TREPS	TREPS	2.47%
Brookfield India Real Estate Trust	InvITs	1.29%
Embassy Office Parks Reit	InvITs	0.94%
National Highways Infra Trust	InvITs	0.84%
Net Receivables	Net Receivables	0.60%
Margin	Margin	0.02%