Sundaram 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.

Equity Holding : 65.25% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 65.25%

No of Stocks : 53 (Category Avg - 68.00) | Large Cap Investments : 38.35%| Mid Cap Investments : 9.3% | Small Cap Investments : 3.16% | Other : 14.44%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	53	64.97
Top 5 Stock Weight	22.42%	16.84%
Top 10 Stock Weight	33.46%	25.55%
Top 3 Sector Weight	24.35%	19.32%

Category - Multi Asset Allocation

Particulars	This Scheme	Category
Average mcap (Cr)	91466.40	74492.49
Holdings in large cap stocks	38.35%	30.65%
Holdings in mid cap stocks	9.3%	6.18%
Holdings in small cap stocks	3.16%	4.43%

Category - Multi Asset Allocation

Top 10 Stocks holding in Portfolio (as on 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
HDFC Bank Ltd.	Private sector bank	1918.8	6.56%	0.69%	6.56% (Oct 2025)	4.09% (Dec 2024)	19.43 L	2.15 L
ICICI Bank Ltd.	Private sector bank	1295.9	4.43%	-0.02%	5.02% (Jul 2025)	1.89% (Nov 2024)	9.63 L	38.55 k
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	1194.5	4.08%	0.25%	4.08% (Oct 2025)	3.27% (Jul 2025)	5.81 L	9.69 k
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	1102.8	3.77%	0.33%	3.77% (Oct 2025)	3.08% (Jul 2025)	3.16 L	35.15 k
Reliance Industries Ltd.	Refineries & marketing	1047.2	3.58%	0.32%	4.6% (Apr 2025)	3.26% (Sep 2025)	7.04 L	35.62 k
Larsen & Toubro Ltd.	Civil construction	1020.5	3.49%	0.50%	3.49% (Oct 2025)	2.45% (Jul 2025)	2.53 L	24.61 k
Kotak Mahindra Bank Ltd.	Private sector bank	689.5	2.36%	0.02%	2.41% (Aug 2025)	0% (Nov 2024)	3.28 L	0.00
Axis Bank Ltd.	Private sector bank	539.4	1.84%	0.07%	3.48% (Jul 2025)	1.71% (Aug 2025)	4.38 L	0.00
State Bank Of India	Public sector bank	492	1.68%	-0.40%	2.36% (May 2025)	1.16% (Jan 2025)	5.25 L	-1.43 L
Bajaj Finance Ltd.	Non banking financial company (nbfc)	489.3	1.67%	-0.15%	1.92% (Feb 2025)	0% (Nov 2024)	4.69 L	-0.41 L

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

View complete holding

Complete equity Portfolio (as on 31st Oct,2025)

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Sector
M-Cap

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Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty	M-Cap	GroupName
HDFC Bank Ltd.	Private sector bank	15.19	1918.8	6.56%	0.69%	6.56% (Oct 2025)	4.09% (Dec 2024)	19.43 L	2.15 L	Other	14.44
ICICI Bank Ltd.	Private sector bank	15.19	1295.9	4.43%	-0.02%	5.02% (Jul 2025)	1.89% (Nov 2024)	9.63 L	38.55 k	Large Cap	38.35
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	4.08	1194.5	4.08%	0.25%	4.08% (Oct 2025)	3.27% (Jul 2025)	5.81 L	9.69 k	Large Cap	38.35
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	4.67	1102.8	3.77%	0.33%	3.77% (Oct 2025)	3.08% (Jul 2025)	3.16 L	35.15 k	Large Cap	38.35
Reliance Industries Ltd.	Refineries & marketing	4.49	1047.2	3.58%	0.32%	4.6% (Apr 2025)	3.26% (Sep 2025)	7.04 L	35.62 k	Large Cap	38.35
Larsen & Toubro Ltd.	Civil construction	3.49	1020.5	3.49%	0.50%	3.49% (Oct 2025)	2.45% (Jul 2025)	2.53 L	24.61 k	Large Cap	38.35
Kotak Mahindra Bank Ltd.	Private sector bank	15.19	689.5	2.36%	0.02%	2.41% (Aug 2025)	0% (Nov 2024)	3.28 L	0.00	Large Cap	38.35
Axis Bank Ltd.	Private sector bank	15.19	539.4	1.84%	0.07%	3.48% (Jul 2025)	1.71% (Aug 2025)	4.38 L	0.00	Large Cap	38.35
State Bank Of India	Public sector bank	1.68	492	1.68%	-0.40%	2.36% (May 2025)	1.16% (Jan 2025)	5.25 L	-1.43 L	Large Cap	38.35
Bajaj Finance Ltd.	Non banking financial company (nbfc)	3.16	489.3	1.67%	-0.15%	1.92% (Feb 2025)	0% (Nov 2024)	4.69 L	-0.41 L	Other	14.44
Cholamandalam Investment & Finance Co. Ltd.	Non banking financial company (nbfc)	3.16	436.5	1.49%	0.01%	1.49% (Oct 2025)	0% (Nov 2024)	2.57 L	0.00	Other	14.44
Hindustan Unilever Ltd.	Diversified fmcg	1.41	411.5	1.41%	-0.02%	1.58% (Aug 2025)	0.78% (Dec 2024)	1.67 L	8.62 k	Large Cap	38.35
Bharat Electronics Ltd.	Aerospace & defense	1.3	380.7	1.30%	0.01%	1.3% (Oct 2025)	0% (Nov 2024)	8.94 L	0.00	Mid Cap	9.3
Coromandel International Ltd.	Fertilizers	1.3	379.4	1.30%	0.05%	1.3% (Oct 2025)	0.33% (Feb 2025)	1.79 L	23.75 k	Mid Cap	9.3
Cummins India Ltd.	Compressors, pumps & diesel engines	1.24	363.8	1.24%	0.07%	1.24% (Oct 2025)	0.32% (Apr 2025)	83.75 k	0.00	Mid Cap	9.3
HCL Technologies Limited	Computers - software & consulting	2.58	347.4	1.19%	0.10%	1.33% (Jun 2025)	0.61% (Apr 2025)	2.25 L	4.59 k	Large Cap	38.35
InterGlobe Aviation Ltd.	Airline	1.18	345.9	1.18%	-0.02%	1.2% (Sep 2025)	0.38% (Nov 2024)	61.50 k	1.26 k	Large Cap	38.35
- Jubilant Foodworks Ltd.	Restaurants	1.14	334	1.14%	0.00%	1.14% (Oct 2025)	0% (Nov 2024)	5.59 L	42.92 k	Other	14.44
Power Finance Corporation Ltd.	Financial institution	1.11	325.1	1.11%	-0.05%	1.16% (Sep 2025)	0% (Nov 2024)	8.06 L	12.76 k	Mid Cap	9.3
- Ultratech Cement Ltd.	Cement & cement products	2.55	323.1	1.10%	0.01%	2.06% (Mar 2025)	1.06% (Nov 2024)	27.04 k	1.91 k	Large Cap	38.35
Infosys Ltd.	Computers - software & consulting	2.58	315.5	1.08%	-0.32%	3.78% (Dec 2024)	1.08% (Oct 2025)	2.13 L	-0.59 L	Large Cap	38.35
Tata Consumer Products Ltd.	Tea & coffee	1.05	306.7	1.05%	-0.01%	1.06% (Sep 2025)	0.42% (Dec 2024)	2.63 L	0.00	Mid Cap	9.3
BSE Ltd.	Exchange and data platform	0.98	286.4	0.98%	0.14%	0.98% (Oct 2025)	0% (Nov 2024)	1.16 L	0.00	Small Cap	3.16
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	4.67	262.9	0.90%	-0.13%	1.09% (Aug 2025)	0% (Nov 2024)	16.25 k	-1.64 k	Large Cap	38.35
Bharat Petroleum Corporation Ltd.	Refineries & marketing	4.49	262.2	0.90%	0.00%	1.07% (May 2025)	0.66% (Feb 2025)	7.35 L	0.00	Large Cap	38.35
Amber Enterprises India Ltd.	Household appliances	0.86	251.9	0.86%	-0.04%	1.13% (Jun 2025)	0% (Nov 2024)	31.34 k	0.00	Small Cap	3.16
SBI Life Insurance Co Ltd.	Life insurance	0.78	228.9	0.78%	0.05%	0.78% (Oct 2025)	0% (Nov 2024)	1.17 L	2.44 k	Large Cap	38.35
- Grasim Industries Limited	Cement & cement products	2.55	228.4	0.78%	0.00%	0.89% (Aug 2025)	0% (Nov 2024)	78.99 k	0.00	Large Cap	38.35
United Spirits Ltd.	Breweries & distilleries	0.77	225.8	0.77%	0.03%	1.06% (May 2025)	0% (Nov 2024)	1.58 L	415.00	Large Cap	38.35
Amara Raja Batteries Limited	Auto components & equipments	1.41	220.9	0.76%	0.12%	0.76% (Oct 2025)	0% (Nov 2024)	2.20 L	40.15 k	Mid Cap	9.3
- Tata Power Co. Ltd.	Integrated power utilities	0.72	210.1	0.72%	0.00%	0.78% (Jun 2025)	0% (Nov 2024)	5.19 L	0.00	Mid Cap	9.3
CRISIL Ltd.	Other financial services	0.72	209.9	0.72%	0.10%	0.72% (Oct 2025)	0% (Nov 2024)	42.58 k	3.78 k	Mid Cap	9.3
Home First Finance Company India Ltd.	Housing finance company	0.72	209.8	0.72%	0.09%	0.72% (Oct 2025)	0% (Nov 2024)	1.76 L	31.10 k	Other	14.44
Bajaj Auto Ltd.	2/3 wheelers	0.98	205.6	0.70%	-0.01%	0.75% (Aug 2025)	0% (Nov 2024)	23.12 k	0.00	Large Cap	38.35
# J.K. Cement Ltd.	Cement & cement products	2.55	195.7	0.67%	0.67%	0.67% (Oct 2025)	0% (Nov 2024)	31.50 k	31.50 k	Small Cap	3.16
Mankind Pharma Ltd.	Pharmaceuticals	1.87	192.6	0.66%	-0.01%	0.71% (Aug 2025)	0% (Nov 2024)	80.80 k	3.64 k	Other	14.44
UNO Minda Ltd.	Auto components & equipments	1.41	189	0.65%	-0.06%	0.73% (Aug 2025)	0% (Nov 2024)	1.53 L	0.00	Small Cap	3.16
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	1.87	183.8	0.63%	0.01%	1.07% (Apr 2025)	0.62% (Sep 2025)	1.09 L	0.00	Large Cap	38.35
Lupin Ltd.	Pharmaceuticals	1.87	169.8	0.58%	-0.01%	0.66% (Dec 2024)	0.49% (Jun 2025)	86.48 k	0.00	Large Cap	38.35
Prestige Estates Projects Ltd.	Residential, commercial projects	0.54	158.6	0.54%	0.06%	0.54% (Oct 2025)	0% (Nov 2024)	90.90 k	1.92 k	Mid Cap	9.3
Pidilite Industries Ltd.	Specialty chemicals	0.54	158.3	0.54%	-0.03%	0.63% (Aug 2025)	0% (Nov 2024)	1.10 L	0.00	Large Cap	38.35
Varun Beverages Ltd.	Other beverages	0.5	144.8	0.50%	0.01%	0.59% (Jul 2025)	0% (Nov 2024)	3.08 L	0.00	Other	14.44
Fortis Healthcare Ltd.	Hospital	0.49	143.6	0.49%	-0.14%	0.63% (Sep 2025)	0% (Nov 2024)	1.40 L	-0.41 L	Other	14.44
Prudent Corporate Advisory Services Ltd.	Financial products distributor	0.48	140.2	0.48%	0.23%	0.48% (Oct 2025)	0% (Nov 2024)	54.86 k	27.33 k	Other	14.44
Tech Mahindra Ltd.	Computers - software & consulting	2.58	91.9	0.31%	-0.01%	1.31% (Feb 2025)	0.31% (Oct 2025)	64.54 k	0.00	Large Cap	38.35
- TVS Motor Company Ltd.	2/3 wheelers	0.98	81.1	0.28%	-0.01%	0.73% (Jun 2025)	0.24% (Jul 2025)	23.10 k	0.00	Mid Cap	9.3
- Indian Hotels Company Limited	Hotels & resorts	0.28	80.9	0.28%	0.00%	0.32% (May 2025)	0% (Nov 2024)	1.09 L	0.00	Mid Cap	9.3
Indegene Ltd.	Healthcare research, analytics & technology	0.27	79.3	0.27%	-0.02%	0.29% (Sep 2025)	0% (Nov 2024)	1.47 L	0.00	Other	14.44
- GAIL (India) Ltd.	Gas transmission/marketing	0.26	76.2	0.26%	0.00%	0.95% (Nov 2024)	0.26% (Oct 2025)	4.17 L	0.00	Large Cap	38.35
- Polycab India Limited	Cables - electricals	0.24	70.2	0.24%	0.00%	0.33% (Jun 2025)	0% (Nov 2024)	9.11 k	0.00	Other	14.44
# PB Fintech Ltd.	Financial technology (fintech)	0.22	64.6	0.22%	0.22%	0.22% (Oct 2025)	0% (Nov 2024)	36.19 k	36.19 k	Other	14.44
- Hindustan Petroleum Corporation Ltd.	Refineries & marketing	4.49	2.3	0.01%	0.00%	0.8% (Nov 2024)	0.01% (Sep 2025)	4.78 k	0.00	Large Cap	38.35
- TVS Motor Company Ltd. - Preference Shares	2/3 wheelers	0.98	0.9	0.00%	0.00%	0% (Nov 2025)	0% (Nov 2025)	92.40 k	0.00	Other	14.44
Zydus Lifesciences Ltd.	Pharmaceuticals	1.87	157.1	0.00%	-0.56%	-	-	-	-	Mid Cap	9.3
Ambuja Cements Ltd.	Cement & cement products	2.55	128.6	0.00%	-0.46%	-	-	-	-	Large Cap	38.35
Indus Towers Ltd.	Telecom - infrastructure		57.1	0.00%	-0.20%	-	-	-	-	Large Cap	38.35
Hero Motocorp Ltd.	2/3 wheelers	0.98	117.8	0.00%	-0.42%	-	-	-	-	Large Cap	38.35
Shriram Finance Ltd.	Non banking financial company (nbfc)	3.16	310	0.00%	-1.11%	-	-	-	-	Other	14.44

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

New Stocks added in Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# PB Fintech Ltd.	Financial technology (fintech)	64.6	0.22%	0.22%	0.22% (Oct 2025)	0% (Nov 2024)	36.19 k	36190
# J.K. Cement Ltd.	Cement & cement products	195.7	0.67%	0.67%	0.67% (Oct 2025)	0% (Nov 2024)	31.50 k	31495

Stocks removed from Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	1M Change in Qty
Zydus Lifesciences Ltd.	Pharmaceuticals	157.1	0.00%	-0.56%	0.59% (Jun 2025)	0% (Nov 2024)	-160000
Ambuja Cements Ltd.	Cement & cement products	128.6	0.00%	-0.46%	0.5% (Jul 2025)	0% (Nov 2024)	-225677
Indus Towers Ltd.	Telecom - infrastructure	57.1	0.00%	-0.20%	1.48% (Apr 2025)	0% (Nov 2024)	-166362
Hero Motocorp Ltd.	2/3 wheelers	117.8	0.00%	-0.42%	0.64% (Jul 2025)	0% (Nov 2024)	-21527
Shriram Finance Ltd.	Non banking financial company (nbfc)	310	0.00%	-1.11%	1.68% (Mar 2025)	0% (Nov 2024)	-503159

Trend in stock holdings (Top 15 Holding)

Stock	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024	Oct 2024
HDFC Bank Ltd.	6.56%	5.87%	6.16%	5.21%	4.97%	4.70%	4.74%	4.70%	4.66%	4.13%	4.09%	4.12%	4.30%
Reliance Industries Ltd.	3.58%	3.26%	3.83%	4.06%	4.26%	4.38%	4.60%	4.36%	4.09%	3.96%	3.84%	3.93%	4.08%
Bharti Airtel Ltd.	4.08%	3.84%	3.73%	3.27%	3.51%	3.44%	3.92%	3.70%	3.50%	3.51%	3.46%	3.53%	3.52%
ICICI Bank Ltd.	4.43%	4.45%	4.84%	5.02%	4.72%	4.71%	2.57%	2.53%	2.36%	2.18%	1.92%	1.89%	1.90%
Mahindra & Mahindra Ltd.	3.77%	3.44%	3.13%	3.08%	3.14%	3.19%	3.29%	3.12%	3.17%	3.55%	3.60%	3.53%	3.27%
Infosys Ltd.	1.08%	1.40%	2.69%	2.77%	3.20%	3.20%	3.37%	3.18%	3.57%	3.74%	3.78%	3.52%	3.58%
Larsen & Toubro Ltd.	3.49%	2.99%	2.93%	2.45%	2.53%	2.59%	3.22%	2.99%	2.83%	3.09%	3.16%	3.23%	3.17%
Axis Bank Ltd.	1.84%	1.77%	1.71%	3.48%	2.82%	2.87%	3.24%	3.15%	3.03%	2.85%	2.30%	2.23%	2.29%
Eternal Ltd.	-	-	-	-	-	-	2.70%	2.44%	-	-	-	-	-
Zomato Ltd.	-	-	-	-	-	-	-	-	1.41%	1.35%	1.72%	1.72%	1.50%
State Bank Of India	1.68%	2.08%	2.01%	2.06%	2.10%	2.36%	1.32%	1.35%	1.26%	1.16%	1.20%	1.26%	1.36%
Bajaj Finance Ltd.	1.67%	1.82%	1.68%	1.51%	1.30%	1.05%	-	-	1.92%	1.72%	1.73%	1.66%	1.75%
Kotak Mahindra Bank Ltd.	2.36%	2.34%	2.41%	1.99%	1.84%	1.70%	-	-	0.39%	0.38%	0.36%	-	-
Bajaj Finserv Ltd	-	-	-	-	0.65%	0.66%	1.92%	2.06%	-	-	-	-	-
Shriram Finance Ltd.	-	1.11%	1.09%	1.19%	1.32%	1.23%	1.50%	1.68%	1.66%	1.41%	1.11%	1.16%	1.21%

No of Debt Holding 7 (Category Avg - 17.77) | Modified Duration 2.65 Years (Category Avg - 2.55)| Yield to Maturity 6.04% (Category Avg - 6.49%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	10.01%	7.12%
CD	0.00%	0.81%
T-Bills	0.00%	0.72%
CP	0.00%	0.48%
NCD & Bonds	0.00%	8.20%
PTC	0.00%	0.09%

Category - Multi Asset Allocation

Security Type	% Weight	Category Average
Government Backed	10.01%	7.84%
Low Risk	0.00%	0.00%
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 31st Oct,2025)

Instrument	Type	Sector	Value (Mn)	% of Total Holding	Quantity
Bond - Govt of India	GOI	Other	1076.86	3.68%	1.05 Cr
Bond - Govt of India	GOI	Other	515.92	1.76%	50.00 L
Bond - Govt of India	GOI	Other	464.49	1.59%	45.00 L
Bond - Govt of India	GOI	Other	314.14	1.07%	30.00 L
Bond - Govt of India	GOI	Other	306.70	1.05%	30.00 L
Bond - Govt of India	GOI	Other	198.63	0.68%	20.00 L
Bond - Govt of India	GOI	Other	51.99	0.18%	5.00 L

Name	Type of Instrument	Weight (%)
MF Units	MF Units	6.95%
MF Units	MF Units	5.47%
MF Units	MF Units	4.52%
MF Units	MF Units	3.70%
TREPS	TREPS	2.22%
MF Units	MF Units	1.79%
Net Receivables	Net Receivables	0.07%
Margin	Margin	0.01%