Shriram Multi Asset Allocation 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.

Portfolio Turnover Ratio : 252.30%. Category average turnover ratio is 287.29%. 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 : 68.63% | F&O Holdings : -2.44%| Foreign Equity Holdings : 0.00%| Total : 66.19%

No of Stocks : 63 (Category Avg - 67.50) | Large Cap Investments : 46.85%| Mid Cap Investments : 3.69% | Small Cap Investments : 4.48% | Other : 11.17%

Portfolio Summary (as on 30th Nov,2025)

Particulars	This Scheme	Category
No. of Stocks	63	64.72
Top 5 Stock Weight	20.43%	16.2%
Top 10 Stock Weight	33.35%	24.67%
Top 3 Sector Weight	24.93%	18.61%

Category - Multi Asset Allocation

Particulars	This Scheme	Category
Average mcap (Cr)	129031.47	72636.78
Holdings in large cap stocks	46.85%	29.54%
Holdings in mid cap stocks	3.69%	6.05%
Holdings in small cap stocks	4.48%	4.08%

Category - Multi Asset Allocation

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
Reliance Industries Ltd.	Refineries & marketing	67.5	4.83%	0.07%	4.83% (Nov 2025)	0% (Dec 2024)	43.03 k	-0.91 k
HDFC Bank Ltd.	Private sector bank	61.6	4.41%	0.01%	6.36% (Apr 2025)	0% (Dec 2024)	61.14 k	0.00
ICICI Bank Ltd.	Private sector bank	58	4.15%	0.05%	6.07% (Apr 2025)	2.62% (Jan 2025)	41.76 k	0.00
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	51.4	3.68%	-0.57%	5.38% (Apr 2025)	2.89% (Feb 2025)	24.45 k	-3.97 k
State Bank Of India	Public sector bank	47	3.36%	0.04%	3.36% (Nov 2025)	0% (Dec 2024)	47.96 k	-0.72 k
Infosys Ltd.	Computers - software & consulting	42.4	3.04%	0.10%	3.04% (Nov 2025)	0% (Dec 2024)	27.18 k	0.00
Axis Bank Ltd.	Private sector bank	36.5	2.61%	-0.10%	2.71% (Oct 2025)	0% (Dec 2024)	28.50 k	-1.67 k
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	35.6	2.55%	0.16%	3.87% (Jan 2025)	0% (Dec 2024)	19.41 k	0.00
Kotak Mahindra Bank Ltd.	Private sector bank	32.9	2.36%	-0.02%	2.62% (Jun 2025)	0% (Dec 2024)	15.50 k	0.00
Bajaj Finance Ltd.	Non banking financial company (nbfc)	32.9	2.36%	-0.05%	2.41% (Oct 2025)	0% (Dec 2024)	31.72 k	0.00

- 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

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	6.42	67.5	4.83%	0.07%	4.83% (Nov 2025)	0% (Dec 2024)	43.03 k	-0.91 k	Large Cap	46.85
HDFC Bank Ltd.	Private sector bank	13.15	61.6	4.41%	0.01%	6.36% (Apr 2025)	0% (Dec 2024)	61.14 k	0.00	Other	11.17
ICICI Bank Ltd.	Private sector bank	13.15	58	4.15%	0.05%	6.07% (Apr 2025)	2.62% (Jan 2025)	41.76 k	0.00	Large Cap	46.85
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	2.96	51.4	3.68%	-0.57%	5.38% (Apr 2025)	2.89% (Feb 2025)	24.45 k	-3.97 k	Large Cap	46.85
State Bank Of India	Public sector bank	3.69	47	3.36%	0.04%	3.36% (Nov 2025)	0% (Dec 2024)	47.96 k	-0.72 k	Large Cap	46.85
Infosys Ltd.	Computers - software & consulting	5.36	42.4	3.04%	0.10%	3.04% (Nov 2025)	0% (Dec 2024)	27.18 k	0.00	Large Cap	46.85
Axis Bank Ltd.	Private sector bank	13.15	36.5	2.61%	-0.10%	2.71% (Oct 2025)	0% (Dec 2024)	28.50 k	-1.67 k	Large Cap	46.85
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	5.21	35.6	2.55%	0.16%	3.87% (Jan 2025)	0% (Dec 2024)	19.41 k	0.00	Large Cap	46.85
Kotak Mahindra Bank Ltd.	Private sector bank	13.15	32.9	2.36%	-0.02%	2.62% (Jun 2025)	0% (Dec 2024)	15.50 k	0.00	Large Cap	46.85
Bajaj Finance Ltd.	Non banking financial company (nbfc)	2.47	32.9	2.36%	-0.05%	2.41% (Oct 2025)	0% (Dec 2024)	31.72 k	0.00	Other	11.17
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	3.9	31.7	2.27%	-0.01%	4.37% (Feb 2025)	1.92% (Mar 2025)	8.42 k	-0.56 k	Large Cap	46.85
ITC Limited	Diversified fmcg	1.97	27.6	1.97%	-0.12%	3.04% (Apr 2025)	0% (Dec 2024)	68.20 k	0.00	Large Cap	46.85
Tata Consultancy Services Ltd.	Computers - software & consulting	5.36	26.5	1.90%	0.01%	2.9% (Mar 2025)	0% (Dec 2024)	8.46 k	0.00	Large Cap	46.85
HCL Technologies Limited	Computers - software & consulting	5.36	24.5	1.76%	0.01%	2.35% (Dec 2024)	0% (Dec 2024)	15.10 k	-0.43 k	Large Cap	46.85
Larsen & Toubro Ltd.	Civil construction	2.32	22.8	1.64%	-0.01%	1.65% (Oct 2025)	0% (Dec 2024)	5.61 k	0.00	Large Cap	46.85
Bharat Petroleum Corporation Ltd.	Refineries & marketing	6.42	22.2	1.59%	-0.17%	1.76% (Oct 2025)	0% (Dec 2024)	61.94 k	-5.68 k	Large Cap	46.85
TVS Motor Company Ltd.	2/3 wheelers	1.36	18.7	1.34%	-0.01%	1.69% (Aug 2025)	0% (Dec 2024)	5.28 k	0.00	Mid Cap	3.69
Tata Steel Ltd.	Iron & steel products	1.92	18.1	1.30%	-0.14%	1.44% (Oct 2025)	0% (Dec 2024)	1.08 L	0.00	Other	11.17
InterGlobe Aviation Ltd.	Airline	1.14	15.9	1.14%	0.04%	2.97% (Apr 2025)	0.99% (Mar 2025)	2.69 k	0.00	Large Cap	46.85
Varun Beverages Ltd.	Other beverages	1.1	15.4	1.10%	0.01%	1.1% (Nov 2025)	0% (Dec 2024)	31.95 k	0.00	Other	11.17
HDFC Life Insurance Company Ltd.	Life insurance	1.08	15	1.08%	0.03%	2.14% (Jun 2025)	0% (Dec 2024)	19.67 k	0.00	Large Cap	46.85
Divis Laboratories Ltd.	Pharmaceuticals	5.21	13.7	0.98%	-0.06%	2.61% (Jan 2025)	0% (Dec 2024)	2.12 k	0.00	Large Cap	46.85
National Thermal Power Corporation Ltd.	Power generation	0.97	13.6	0.97%	0.05%	0.97% (Nov 2025)	0% (Dec 2024)	41.54 k	4.15 k	Large Cap	46.85
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	3.9	12.6	0.90%	-0.03%	3.09% (Feb 2025)	0% (Dec 2024)	792.00	0.00	Large Cap	46.85
Coal India Ltd.	Coal	0.78	10.8	0.78%	-0.04%	0.84% (Sep 2025)	0% (Dec 2024)	28.83 k	0.00	Large Cap	46.85
Hyundai Motor India Ltd.	Passenger cars & utility vehicles	3.9	10.3	0.73%	-0.05%	1.16% (Jul 2025)	0% (Dec 2024)	4.41 k	0.00	Other	11.17
Cipla Ltd.	Pharmaceuticals	5.21	9.6	0.69%	0.01%	0.7% (Sep 2025)	0% (Dec 2024)	6.25 k	0.00	Large Cap	46.85
Kirloskar Oil Engines Ltd.	Compressors, pumps & diesel engines	0.67	9.4	0.67%	0.06%	0.67% (Nov 2025)	0% (Dec 2024)	8.37 k	0.00	Small Cap	4.48
NMDC LTD	Industrial minerals	0.66	9.2	0.66%	-0.03%	0.7% (Sep 2025)	0% (Dec 2024)	1.24 L	0.00	Mid Cap	3.69
Rural Electrification Corporation Limited	Financial institution	0.64	8.9	0.64%	-0.04%	0.69% (Sep 2025)	0% (Dec 2024)	24.72 k	0.00	Mid Cap	3.69
Ratnamani Metals & Tubes Ltd.	Iron & steel products	1.92	8.7	0.62%	-0.03%	0.75% (Jun 2025)	0% (Dec 2024)	3.65 k	0.00	Small Cap	4.48
Eris Lifesciences Ltd.	Pharmaceuticals	5.21	7.7	0.55%	-0.01%	1.2% (Jul 2025)	0% (Dec 2024)	4.85 k	0.00	Small Cap	4.48
Marico Ltd.	Personal care	0.55	7.7	0.55%	-0.16%	1.94% (Apr 2025)	0% (Dec 2024)	10.68 k	-2.87 k	Large Cap	46.85
ITC Hotels Ltd	Hotels & resorts	0.55	7.6	0.55%	-0.03%	1.15% (Jul 2025)	0% (Dec 2024)	36.48 k	0.00	Other	11.17
Kalpataru Power Transmission Ltd.	Civil construction	2.32	7.4	0.53%	0.12%	0.53% (Nov 2025)	0% (Dec 2024)	6.17 k	1.65 k	Small Cap	4.48
Sapphire Foods India Ltd.	Restaurants	0.52	7.2	0.52%	0.08%	0.52% (Nov 2025)	0% (Dec 2024)	29.02 k	8.03 k	Other	11.17
Oil India Ltd.	Oil exploration & production	0.79	7.2	0.51%	-0.04%	0.55% (Oct 2025)	0% (Dec 2024)	17.39 k	0.00	Mid Cap	3.69
Power Grid Corporation of India Ltd.	Power - transmission	0.51	7.1	0.51%	-0.04%	0.99% (Apr 2025)	0% (Dec 2024)	26.27 k	0.00	Large Cap	46.85
Hindustan Aeronautics Ltd.	Aerospace & defense	0.93	7	0.50%	-0.03%	1.23% (Dec 2024)	0% (Dec 2024)	1.55 k	0.00	Other	11.17
Ambuja Cements Ltd.	Cement & cement products	0.5	7	0.50%	-0.02%	0.54% (Aug 2025)	0% (Dec 2024)	12.71 k	0.00	Large Cap	46.85
Rainbow Childrens Medicare Ltd.	Hospital	0.95	6.9	0.49%	0.09%	0.49% (Nov 2025)	0% (Dec 2024)	5.07 k	1.03 k	Other	11.17
Mold-Tek Packaging Ltd.	Packaging	0.49	6.8	0.49%	-0.07%	0.67% (Jul 2025)	0% (Dec 2024)	11.13 k	0.00	Small Cap	4.48
Narayana Hrudayalaya Ltd.	Hospital	0.95	6.4	0.46%	0.04%	2.41% (Jun 2025)	0% (Dec 2024)	3.30 k	0.00	Small Cap	4.48
Ajanta Pharma Limited	Pharmaceuticals	5.21	6.1	0.44%	0.01%	0.44% (Nov 2025)	0% (Dec 2024)	2.38 k	0.00	Small Cap	4.48
Adani Ports And Special Economic Zone Ltd.	Port & port services	0.43	6	0.43%	0.16%	2.25% (May 2025)	0% (Dec 2024)	3.97 k	1.43 k	Large Cap	46.85
Bharat Electronics Ltd.	Aerospace & defense	0.93	6	0.43%	-0.02%	2.1% (Dec 2024)	0% (Dec 2024)	14.46 k	0.00	Mid Cap	3.69
# Eternal Ltd.	E-retail/ e-commerce	0.41	5.7	0.41%	0.41%	2.59% (Dec 2024)	0% (Dec 2024)	19.07 k	19.07 k	Other	11.17
Tips Industries Ltd.	Film production, distribution & exhibition	0.37	5.1	0.37%	0.07%	0.37% (Nov 2025)	0% (Dec 2024)	9.24 k	1.36 k	Other	11.17
R R Kabel Ltd.	Cables - electricals	0.34	4.7	0.34%	0.01%	0.34% (Nov 2025)	0% (Dec 2024)	3.34 k	100.00	Other	11.17
Bank Of Baroda	Public sector bank	3.69	4.6	0.33%	-0.24%	1.02% (May 2025)	0% (Dec 2024)	15.88 k	-0.12 L	Large Cap	46.85
Canara Robeco Asset Management Company Ltd.	Asset management company	0.33	4.6	0.33%	0.19%	0.33% (Nov 2025)	0% (Dec 2024)	15.15 k	8.89 k	Other	11.17
LT Foods Ltd.	Packaged foods	0.3	4.1	0.30%	-0.01%	0.31% (Oct 2025)	0% (Dec 2024)	10.14 k	0.00	Small Cap	4.48
Oil & Natural Gas Corporation Ltd.	Oil exploration & production	0.79	3.9	0.28%	-0.02%	0.3% (Oct 2025)	0% (Dec 2024)	16.00 k	0.00	Large Cap	46.85
Lloyds Metals And Energy Ltd.	Sponge iron	0.27	3.8	0.27%	-0.18%	0.87% (Jun 2025)	0% (Dec 2024)	3.12 k	-1.58 k	Small Cap	4.48
- Krsnaa Diagnostics Ltd.	Healthcare service provider	0.15	2.1	0.15%	0.00%	0.15% (Oct 2025)	0% (Dec 2024)	2.63 k	0.00	Other	11.17
# Power Mech Projects Ltd.	Civil construction	2.32	2.1	0.15%	0.15%	0.15% (Nov 2025)	0% (Dec 2024)	870.00	870.00	Small Cap	4.48
Manappuram Finance Ltd.	Non banking financial company (nbfc)	2.47	1.6	0.11%	-0.05%	0.26% (Sep 2025)	0% (Dec 2024)	5.56 k	-2.47 k	Mid Cap	3.69
- LG Electronics India Pvt. Ltd.	Consumer electronics	0.03	0.4	0.03%	0.00%	0.03% (Oct 2025)	0% (Dec 2024)	211.00	0.00	Other	11.17
# TVS Motor Company Ltd. - Preference Shares	2/3 wheelers	1.36	0.3	0.02%	0.00%	0% (Dec 2025)	0% (Dec 2025)	27.48 k	0.00	Other	11.17
ICICI Bank Ltd. : Futures Near	Private sector bank	13.15	-2	-0.14%	0.00%	-0.14% (Oct 2025)	0% (Dec 2024)	-1.40 k	-1.40 k	Other	11.17
HDFC Bank Ltd. : Futures Near	Private sector bank	13.15	-3.4	-0.24%	0.00%	-0.23% (Sep 2025)	0% (Dec 2024)	-3.30 k	-3.30 k	Other	11.17
Bharti Airtel Ltd. : Futures Near	Telecom - cellular & fixed line services	2.96	-10.1	-0.72%	0.00%	-0.67% (Sep 2025)	0% (Dec 2024)	-4.75 k	-4.75 k	Other	11.17
Infosys Ltd. : Futures Near	Computers - software & consulting	5.36	-18.8	-1.34%	-0.05%	-1.29% (Oct 2025)	0% (Dec 2024)	-0.12 L	-0.12 L	Other	11.17
Info Edge (India) Ltd.	Internet & catalogue retail		3.5	0.00%	-0.25%	-	-	-	-	Other	11.17

- 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
# Power Mech Projects Ltd.	Civil construction	2.1	0.15%	0.15%	0.15% (Nov 2025)	0% (Dec 2024)	870.00	870
# Eternal Ltd.	E-retail/ e-commerce	5.7	0.41%	0.41%	2.59% (Dec 2024)	0% (Dec 2024)	19.07 k	19070

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	Quantity	1M Change in Qty
Info Edge (India) Ltd.	Internet & catalogue retail	3.5	0.00%	-0.25%	2.26% (Jan 2025)	0% (Dec 2024)	0.00	-2530

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.	4.41%	4.40%	4.32%	4.36%	4.64%	4.42%	0.51%	6.36%	4.79%	4.17%	-	-	-
ICICI Bank Ltd.	4.15%	4.10%	4.19%	4.53%	4.78%	4.48%	4.56%	6.07%	5.80%	4.89%	2.62%	2.67%	1.92%
Reliance Industries Ltd.	4.83%	4.76%	4.41%	4.37%	4.21%	4.37%	4.20%	3.08%	3.24%	-	-	-	-
Bharti Airtel Ltd.	3.68%	4.25%	4.23%	4.34%	4.77%	4.82%	4.53%	5.38%	5.07%	2.89%	3.30%	3.40%	2.52%
Titan Company Ltd.	-	-	-	-	-	-	-	-	2.88%	-	-	-	-
Shree Cement Ltd.	-	-	-	-	-	-	-	2.74%	2.85%	-	-	-	-
Grasim Industries Limited	-	-	-	-	-	-	-	3.23%	3.12%	-	-	-	1.54%
Trent Limited	-	-	-	-	-	-	-	-	-	-	2.44%	2.86%	2.54%
Federal Bank Ltd.	-	-	-	-	-	-	-	2.02%	-	3.16%	-	-	-
State Bank Of India	3.36%	3.32%	3.16%	2.69%	2.60%	2.57%	2.59%	1.30%	1.29%	-	-	-	-
Sun Pharmaceutical Industries Ltd.	2.55%	2.39%	2.30%	2.32%	2.41%	2.28%	2.32%	-	1.18%	2.07%	3.87%	3.79%	2.84%
Axis Bank Ltd.	2.61%	2.71%	2.54%	2.36%	2.35%	2.54%	2.56%	-	-	-	-	-	-
Pidilite Industries Ltd.	-	-	-	-	-	-	-	-	3.00%	1.84%	-	-	-
Apollo Hospitals Enterprises Ltd.	-	-	-	-	-	-	-	-	3.15%	-	2.37%	-	1.74%
Kotak Mahindra Bank Ltd.	2.36%	2.38%	2.48%	2.46%	2.50%	2.62%	-	2.18%	2.17%	-	-	-	-

No of Debt Holding 9 (Category Avg - 17.91) | Modified Duration 1.06 Years (Category Avg - 2.60)| Yield to Maturity 6.18% (Category Avg - 6.42%)

Portfolio Summary (as on 30th Nov,2025)

Security Type	% Weight	Category Average
GOI	0.00%	6.86%
CD	0.00%	0.71%
T-Bills	0.89%	0.67%
CP	0.00%	0.45%
NCD & Bonds	9.17%	7.94%
PTC	0.00%	0.08%

Category - Multi Asset Allocation

Security Type	% Weight	Category Average
Government Backed	0.89%	7.53%
Low Risk	9.17%	9.00%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Category - Multi Asset Allocation

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

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	LAAA	ICRA	92.77	6.65%	9.00 L
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	21.15	1.52%	2.00 L
Bond - T-Bill	T-Bills	Other			12.40	0.89%	1.25 L
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	5.41	0.39%	50.00 k
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	2.17	0.16%	20.00 k
Bond - Housing & Urban Development Corporation Ltd.	NCD & Bonds	Financial institution	LAAA	ICRA	2.13	0.15%	20.00 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	LAAA	ICRA	2.10	0.15%	20.00 k
Bond - Housing & Urban Development Corporation Ltd.	NCD & Bonds	Financial institution	LAAA	ICRA	1.08	0.08%	10.00 k
Bond - Indian Renewable Energy Development Agency Ltd.	NCD & Bonds	Financial institution	CARE AAA	CARE	1.03	0.07%	10.00 k