Tata Arbitrage 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 : 359.80%. Category average turnover ratio is 1420.55%. 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 : 67.84% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 67.84%

No of Stocks : 168 (Category Avg - 144.70) | Large Cap Investments : 31.51%| Mid Cap Investments : 15.5% | Small Cap Investments : 3.53% | Other : 17.3%

Portfolio Summary (as on 30th Sep,2025)

Particulars	This Scheme	Category
No. of Stocks	168	113
Top 5 Stock Weight	11.67%	22.65%
Top 10 Stock Weight	18.07%	34.93%
Top 3 Sector Weight	19.74%	27.74%

Category - Arbitrage Fund

Particulars	This Scheme	Category
Average mcap (Cr)	67473.86	94729.08
Holdings in large cap stocks	31.51%	40.04%
Holdings in mid cap stocks	15.5%	15.49%
Holdings in small cap stocks	3.53%	3.55%

Category - Arbitrage Fund

Top 10 Stocks holding in Portfolio (as on 30th Sep,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Reliance Industries Ltd.	Refineries & marketing	5202.3	2.72%	0.01%	6.35% (Dec 2024)	2.71% (Aug 2025)	38.14 L	96.00 k
HDFC Bank Ltd.	Private sector bank	4750.3	2.48%	-0.13%	4.34% (Oct 2024)	0.16% (Nov 2024)	49.95 L	-1.06 L
Axis Bank Ltd.	Private sector bank	4575.9	2.39%	-0.24%	3.25% (Feb 2025)	0.85% (Oct 2024)	40.44 L	-6.36 L
ICICI Bank Ltd.	Private sector bank	4242.4	2.22%	-0.48%	2.99% (Feb 2025)	0.01% (Oct 2024)	31.47 L	-4.41 L
Eternal Ltd.	E-retail/ e-commerce	3565.4	1.86%	0.05%	1.86% (Sep 2025)	0% (Oct 2024)	1.10 Cr	2.43 L
State Bank Of India	Public sector bank	3044	1.59%	-0.46%	2.63% (May 2025)	0.62% (Oct 2024)	34.89 L	-0.13 Cr
Hindustan Aeronautics Ltd.	Aerospace & defense	2585.2	1.35%	0.05%	1.86% (Mar 2025)	1.18% (Feb 2025)	5.45 L	-0.15 L
Indusind Bank Ltd.	Private sector bank	2347.4	1.23%	0.25%	1.98% (Dec 2024)	0.06% (Apr 2025)	31.91 L	7.27 L
Tata Consultancy Services Ltd.	Computers - software & consulting	2159.9	1.13%	-0.72%	2.21% (Jul 2025)	0% (Oct 2024)	7.48 L	-3.69 L
J S W Steel Ltd.	Iron & steel products	2101.9	1.10%	0.18%	1.1% (Sep 2025)	0.01% (Oct 2024)	18.39 L	1.78 L

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

View complete holding

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

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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
Reliance Industries Ltd.	Refineries & marketing	4.14	5202.3	2.72%	0.01%	6.35% (Dec 2024)	2.71% (Aug 2025)	38.14 L	96.00 k	Large Cap	31.51
HDFC Bank Ltd.	Private sector bank	11.43	4750.3	2.48%	-0.13%	4.34% (Oct 2024)	0.16% (Nov 2024)	49.95 L	-1.06 L	Other	17.3
Axis Bank Ltd.	Private sector bank	11.43	4575.9	2.39%	-0.24%	3.25% (Feb 2025)	0.85% (Oct 2024)	40.44 L	-6.36 L	Large Cap	31.51
ICICI Bank Ltd.	Private sector bank	11.43	4242.4	2.22%	-0.48%	2.99% (Feb 2025)	0.01% (Oct 2024)	31.47 L	-4.41 L	Large Cap	31.51
Eternal Ltd.	E-retail/ e-commerce	1.86	3565.4	1.86%	0.05%	1.86% (Sep 2025)	0% (Oct 2024)	1.10 Cr	2.43 L	Other	17.3
State Bank Of India	Public sector bank	4.17	3044	1.59%	-0.46%	2.63% (May 2025)	0.62% (Oct 2024)	34.89 L	-0.13 Cr	Large Cap	31.51
Hindustan Aeronautics Ltd.	Aerospace & defense	2.04	2585.2	1.35%	0.05%	1.86% (Mar 2025)	1.18% (Feb 2025)	5.45 L	-0.15 L	Other	17.3
Indusind Bank Ltd.	Private sector bank	11.43	2347.4	1.23%	0.25%	1.98% (Dec 2024)	0.06% (Apr 2025)	31.91 L	7.27 L	Large Cap	31.51
Tata Consultancy Services Ltd.	Computers - software & consulting	1.56	2159.9	1.13%	-0.72%	2.21% (Jul 2025)	0% (Oct 2024)	7.48 L	-3.69 L	Large Cap	31.51
J S W Steel Ltd.	Iron & steel products	2.64	2101.9	1.10%	0.18%	1.1% (Sep 2025)	0.01% (Oct 2024)	18.39 L	1.78 L	Large Cap	31.51
Marico Ltd.	Personal care	1.74	2029.4	1.06%	-0.01%	1.07% (Aug 2025)	0.17% (Apr 2025)	29.10 L	1.76 L	Large Cap	31.51
Shriram Finance Ltd.	Non banking financial company (nbfc)	1.78	2026.5	1.06%	0.03%	1.06% (Sep 2025)	0% (Feb 2025)	32.89 L	-7.43 k	Other	17.3
One 97 Communications Ltd.	Financial technology (fintech)	1.55	1881.3	0.98%	-0.13%	1.11% (Aug 2025)	0% (Oct 2024)	16.74 L	-0.33 L	Other	17.3
Bank Of Baroda	Public sector bank	4.17	1856.5	0.97%	0.43%	1.74% (Oct 2024)	0.02% (May 2025)	71.81 L	28.99 L	Large Cap	31.51
Bharti Airtel Ltd. - Partly Paid	Telecom - cellular & fixed line services	2.12	1681.7	0.88%	-0.05%	1.16% (Apr 2025)	0% (Oct 2024)	11.95 L	0.00	Other	17.3
Vedanta Ltd.	Diversified metals	0.83	1597.4	0.83%	0.48%	1.44% (Oct 2024)	0% (Feb 2025)	34.29 L	18.70 L	Large Cap	31.51
Tata Motors Ltd.	Passenger cars & utility vehicles	1.06	1589	0.83%	-0.01%	2.39% (Oct 2024)	0.2% (Jun 2025)	23.36 L	1.60 k	Large Cap	31.51
RBL Bank Ltd.	Private sector bank	11.43	1566	0.82%	0.02%	0.82% (Sep 2025)	0% (Oct 2024)	56.48 L	-0.70 L	Mid Cap	15.5
Rural Electrification Corporation Limited	Financial institution	1.38	1554.5	0.81%	0.01%	1.08% (Oct 2024)	0.59% (Dec 2024)	41.69 L	-0.89 L	Mid Cap	15.5
Indian Oil Corporation Ltd.	Refineries & marketing	4.14	1526.2	0.80%	0.54%	0.82% (Dec 2024)	0.01% (Jul 2025)	1.02 Cr	65.96 L	Large Cap	31.51
United Spirits Ltd.	Breweries & distilleries	0.79	1504.4	0.79%	0.08%	0.9% (Jul 2025)	0.28% (Nov 2024)	11.36 L	1.36 L	Large Cap	31.51
ITC Limited	Diversified fmcg	0.84	1498.9	0.78%	-0.21%	2.26% (May 2025)	0.5% (Oct 2024)	37.33 L	-7.49 L	Large Cap	31.51
J S W Energy Ltd.	Power generation	1.94	1474.7	0.77%	0.04%	0.91% (Jun 2025)	0% (Oct 2024)	27.78 L	-8.00 k	Mid Cap	15.5
Vodafone Idea Ltd.	Telecom - cellular & fixed line services	2.12	1442.3	0.75%	0.15%	1.13% (Jan 2025)	0.6% (Aug 2025)	17.74 Cr	62.18 L	Large Cap	31.51
Nestle India Ltd.	Packaged foods	0.99	1415.8	0.74%	0.09%	0.74% (Sep 2025)	0% (Oct 2024)	12.28 L	1.86 L	Other	17.3
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	0.99	1409.1	0.74%	0.31%	0.85% (Jun 2025)	0% (Oct 2024)	1.81 L	73.00 k	Small Cap	3.53
DLF Ltd.	Residential, commercial projects	2.17	1379.4	0.72%	-0.06%	1.25% (Nov 2024)	0.44% (Mar 2025)	19.35 L	-0.26 L	Large Cap	31.51
Godrej Properties Ltd.	Residential, commercial projects	2.17	1347.6	0.70%	0.11%	1.12% (Feb 2025)	0.44% (Jul 2025)	6.84 L	1.25 L	Mid Cap	15.5
Oil & Natural Gas Corporation Ltd.	Oil exploration & production	0.68	1304.1	0.68%	0.27%	0.94% (Mar 2025)	0.11% (Oct 2024)	54.45 L	22.12 L	Large Cap	31.51
Dabur India Ltd.	Personal care	1.74	1300.7	0.68%	0.24%	0.68% (Sep 2025)	0% (Oct 2024)	26.48 L	10.88 L	Large Cap	31.51
Adani Green Energy Ltd.	Power generation	1.94	1295.1	0.68%	0.20%	0.68% (Sep 2025)	0% (Oct 2024)	12.61 L	2.78 L	Small Cap	3.53
Canara Bank	Public sector bank	4.17	1265.1	0.66%	0.19%	0.81% (Oct 2024)	0.18% (Jun 2025)	1.02 Cr	18.50 L	Other	17.3
Indus Towers Ltd.	Telecom - infrastructure	0.71	1262.6	0.66%	0.08%	0.94% (Jan 2025)	0.05% (Jun 2025)	36.82 L	5.19 L	Large Cap	31.51
Jio Financial Services Ltd.	Non banking financial company (nbfc)	1.78	1254.7	0.66%	0.02%	0.82% (Jan 2025)	0% (Oct 2024)	42.79 L	4.56 L	Other	17.3
Aurobindo Pharma Ltd.	Pharmaceuticals	2.96	1209	0.63%	0.08%	0.95% (Dec 2024)	0.55% (Aug 2025)	11.15 L	1.23 L	Large Cap	31.51
Bharat Electronics Ltd.	Aerospace & defense	2.04	1193.9	0.62%	0.38%	0.78% (Jul 2025)	0% (Feb 2025)	29.55 L	17.58 L	Mid Cap	15.5
# Sammaan Capital Ltd.	Housing finance company	1.46	1174.5	0.61%	0.61%	0.61% (Sep 2025)	0% (Oct 2024)	73.01 L	73.01 L	Mid Cap	15.5
Adani Energy Solutions Ltd.	Power - transmission	1.03	1171.7	0.61%	0.01%	0.72% (Jun 2025)	0% (Oct 2024)	13.43 L	-1.21 L	Mid Cap	15.5
- Federal Bank Ltd.	Private sector bank	11.43	1155.7	0.60%	0.00%	0.6% (Aug 2025)	0% (Oct 2024)	59.90 L	1.30 L	Mid Cap	15.5
Varun Beverages Ltd.	Other beverages	0.58	1104.7	0.58%	0.23%	1.05% (Mar 2025)	0% (Oct 2024)	24.90 L	11.67 L	Other	17.3
PB Fintech Ltd.	Financial technology (fintech)	1.55	1088.3	0.57%	-0.10%	0.72% (Jul 2025)	0% (Oct 2024)	6.39 L	-0.61 L	Other	17.3
Punjab National Bank	Public sector bank	4.17	1073.2	0.56%	0.06%	0.9% (Nov 2024)	0.08% (May 2025)	95.12 L	2.96 L	Large Cap	31.51
GMR Airports Ltd.	Airport & airport services	0.55	1062.6	0.55%	0.34%	1.06% (Oct 2024)	0.04% (Apr 2025)	1.22 Cr	76.03 L	Small Cap	3.53
Yes Bank	Private sector bank	11.43	1035.6	0.54%	0.05%	0.54% (Sep 2025)	0% (Oct 2024)	4.87 Cr	6.84 L	Other	17.3
Steel Authority Of India Ltd.	Iron & steel products	2.64	1015.7	0.53%	0.09%	0.81% (Mar 2025)	0.43% (Oct 2024)	75.53 L	6.25 L	Mid Cap	15.5
Trent Limited	Speciality retail	0.53	1013.2	0.53%	0.16%	1.03% (Jan 2025)	0.04% (Mar 2025)	2.17 L	88.40 k	Mid Cap	15.5
Glenmark Pharmaceuticals Ltd.	Pharmaceuticals	2.96	995.1	0.52%	0.05%	0.52% (Sep 2025)	0% (Oct 2024)	5.10 L	56.25 k	Mid Cap	15.5
Adani Enterprises Ltd.	Trading - minerals	0.52	993.1	0.52%	0.01%	0.68% (Jun 2025)	0.04% (Nov 2024)	3.96 L	-0.23 L	Mid Cap	15.5
Jindal Steel Ltd.	Iron & steel products	2.64	974.7	0.51%	-0.01%	0.94% (Nov 2024)	0% (Oct 2024)	9.16 L	-0.99 L	Mid Cap	15.5
Divis Laboratories Ltd.	Pharmaceuticals	2.96	971.8	0.51%	0.14%	0.85% (Jun 2025)	0.02% (Oct 2024)	1.71 L	59.50 k	Large Cap	31.51
Coal India Ltd.	Coal	0.49	936	0.49%	-0.08%	0.57% (Aug 2025)	0% (Apr 2025)	24.00 L	-4.16 L	Large Cap	31.51
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	2.12	928.8	0.49%	0.20%	1.38% (Nov 2024)	0.03% (Jan 2025)	4.94 L	2.13 L	Large Cap	31.51
LIC Housing Finance Ltd.	Housing finance company	1.46	908	0.47%	0.04%	0.84% (Oct 2024)	0.25% (Feb 2025)	16.07 L	1.81 L	Mid Cap	15.5
Kotak Mahindra Bank Ltd.	Private sector bank	11.43	902.3	0.47%	-0.29%	0.87% (Feb 2025)	0.08% (Jun 2025)	4.53 L	-2.72 L	Large Cap	31.51
Power Finance Corporation Ltd.	Financial institution	1.38	897.6	0.47%	0.08%	0.94% (Nov 2024)	0.16% (Feb 2025)	21.88 L	2.67 L	Mid Cap	15.5
TVS Motor Company Ltd.	2/3 wheelers	0.5	896.6	0.47%	0.31%	1.44% (Jan 2025)	0% (Oct 2024)	2.61 L	1.68 L	Mid Cap	15.5
Aditya Birla Capital Ltd.	Life insurance	1.06	891.8	0.47%	0.39%	0.74% (Jan 2025)	0.06% (Jul 2025)	30.50 L	25.14 L	Mid Cap	15.5
NMDC LTD	Industrial minerals	0.46	882.3	0.46%	0.06%	0.56% (Jan 2025)	0.09% (Nov 2024)	1.16 Cr	7.43 L	Mid Cap	15.5
Crompton Greaves Consumer Electricals Ltd.	Household appliances	0.46	878.3	0.46%	-0.11%	0.89% (Apr 2025)	0.46% (Sep 2025)	30.15 L	-1.82 L	Mid Cap	15.5
Dixon Technologies (India) Ltd.	Consumer electronics	0.48	875.7	0.46%	-0.12%	0.71% (Dec 2024)	0% (Oct 2024)	53.65 k	-0.11 L	Other	17.3
National Thermal Power Corporation Ltd.	Power generation	1.94	854.9	0.45%	0.03%	0.76% (Nov 2024)	0.01% (Feb 2025)	25.11 L	1.50 L	Large Cap	31.51
National Aluminium Co. Ltd.	Aluminium	0.61	849.3	0.44%	0.11%	0.7% (Oct 2024)	0% (Oct 2024)	39.71 L	6.41 L	Small Cap	3.53
Max Healthcare Institute Ltd.	Hospital	0.63	822.8	0.43%	-0.04%	0.54% (Apr 2025)	0% (Oct 2024)	7.38 L	-0.13 L	Other	17.3
Hindustan Zinc Ltd.	Zinc	0.43	820.3	0.43%	0.05%	0.52% (Jun 2025)	0% (Oct 2024)	17.00 L	3.68 k	Large Cap	31.51
Power Grid Corporation of India Ltd.	Power - transmission	1.03	807.8	0.42%	0.07%	1.74% (Feb 2025)	0.03% (Nov 2024)	28.82 L	4.88 L	Large Cap	31.51
Info Edge (India) Ltd.	Internet & catalogue retail	0.42	806.2	0.42%	-0.19%	1.1% (Jun 2025)	0% (Oct 2024)	6.16 L	-2.20 L	Other	17.3
Bharat Heavy Electricals Ltd.	Heavy electrical equipment	0.7	797.4	0.42%	-0.05%	0.97% (Oct 2024)	0.42% (Sep 2025)	33.44 L	-8.32 L	Mid Cap	15.5
Lupin Ltd.	Pharmaceuticals	2.96	787.1	0.41%	-0.06%	0.55% (Jul 2025)	0% (Oct 2024)	4.12 L	-0.49 L	Large Cap	31.51
Tata Power Co. Ltd.	Integrated power utilities	0.61	770.4	0.40%	-0.09%	1.38% (Oct 2024)	0.4% (Sep 2025)	19.82 L	-4.57 L	Mid Cap	15.5
IDFC First Bank Ltd.	Private sector bank	11.43	766.2	0.40%	-0.01%	0.57% (May 2025)	0% (Oct 2024)	1.10 Cr	-1.58 L	Mid Cap	15.5
UPL Ltd.	Pesticides & agrochemicals	0.4	764.2	0.40%	-0.13%	0.87% (Oct 2024)	0% (Oct 2024)	11.65 L	-2.05 L	Large Cap	31.51
PNB Housing Finance Ltd.	Housing finance company	1.46	730.3	0.38%	-0.04%	0.42% (Aug 2025)	0% (Oct 2024)	8.46 L	-1.98 L	Mid Cap	15.5
Prestige Estates Projects Ltd.	Residential, commercial projects	2.17	721.7	0.38%	0.27%	0.38% (Sep 2025)	0% (Oct 2024)	4.78 L	3.44 L	Mid Cap	15.5
Hindustan Petroleum Corporation Ltd.	Refineries & marketing	4.14	670.7	0.35%	0.01%	0.37% (Mar 2025)	0% (Oct 2024)	15.13 L	-1.74 L	Large Cap	31.51
Exide Industries Ltd.	Auto components & equipments	0.94	668.2	0.35%	-0.03%	0.56% (Nov 2024)	0% (Apr 2025)	17.10 L	-0.83 L	Mid Cap	15.5
# Ambuja Cements Ltd.	Cement & cement products	0.48	655.3	0.34%	0.34%	1.27% (Oct 2024)	0% (Aug 2025)	11.50 L	11.48 L	Large Cap	31.51
APL Apollo Tubes Ltd.	Iron & steel products	2.64	640.9	0.33%	0.08%	0.34% (Apr 2025)	0% (Oct 2024)	3.80 L	89.25 k	Other	17.3
Patanjali Foods Ltd.	Edible oil	0.33	626.5	0.33%	-0.11%	0.52% (Jul 2025)	0% (Oct 2024)	10.88 L	6.32 L	Other	17.3
Max Financial Services Ltd.	Life insurance	1.06	614	0.32%	0.27%	0.32% (Sep 2025)	0% (Oct 2024)	3.90 L	3.26 L	Mid Cap	15.5
Larsen & Toubro Ltd.	Civil construction	0.31	594.9	0.31%	0.18%	0.81% (Jul 2025)	0.02% (Jan 2025)	1.63 L	96.95 k	Large Cap	31.51
Sona BLW Precision Forgings Ltd.	Auto components & equipments	0.94	591	0.31%	0.05%	0.31% (Sep 2025)	0% (Oct 2024)	14.35 L	3.41 L	Other	17.3
Solar Industries India Ltd.	Explosives	0.3	577.7	0.30%	0.13%	0.3% (Sep 2025)	0% (Oct 2024)	43.35 k	20.93 k	Small Cap	3.53
Petronet LNG Ltd.	Lpg/cng/png/lng supplier	0.3	574.6	0.30%	0.01%	0.37% (Jun 2025)	0% (Oct 2024)	20.61 L	37.80 k	Large Cap	31.51
Alkem Laboratories Ltd.	Pharmaceuticals	2.96	564.9	0.29%	0.03%	0.29% (Sep 2025)	0% (Oct 2024)	1.04 L	11.38 k	Mid Cap	15.5
Laurus Labs Ltd.	Pharmaceuticals	2.96	546.7	0.29%	-0.05%	0.53% (Jun 2025)	0% (Oct 2024)	6.49 L	-0.87 L	Other	17.3
Bandhan Bank Ltd.	Private sector bank	11.43	527.9	0.28%	0.10%	0.6% (Oct 2024)	0.02% (Jul 2025)	32.54 L	12.35 L	Large Cap	31.51
Bharat Petroleum Corporation Ltd.	Refineries & marketing	4.14	520.6	0.27%	0.03%	1.21% (Mar 2025)	0.02% (Jan 2025)	15.33 L	86.90 k	Large Cap	31.51
Polycab India Limited	Cables - electricals	0.37	515.5	0.27%	-0.12%	0.61% (Jun 2025)	0% (Oct 2024)	70.75 k	-0.32 L	Other	17.3
Adani Ports And Special Economic Zone Ltd.	Port & port services	0.26	491.3	0.26%	0.12%	0.81% (Jan 2025)	0.03% (Apr 2025)	3.50 L	1.58 L	Large Cap	31.51
Kalyan Jewellers India Ltd.	Gems, jewellery and watches	0.31	478.3	0.25%	0.04%	0.38% (Jun 2025)	0% (Oct 2024)	10.53 L	2.64 L	Other	17.3
Britannia Industries Ltd.	Packaged foods	0.99	485.3	0.25%	-0.03%	0.53% (May 2025)	0% (Oct 2024)	81.00 k	-0.10 L	Large Cap	31.51
Bajaj Finserv Ltd	Holding company	0.24	463.5	0.24%	0.06%	0.6% (Nov 2024)	0% (Oct 2024)	2.31 L	56.00 k	Other	17.3
Container Corporation Of India Ltd.	Logistics solution provider	0.29	452.9	0.24%	0.20%	0.5% (Nov 2024)	0% (Oct 2024)	8.61 L	7.24 L	Large Cap	31.51
Bank Of India	Public sector bank	4.17	444.7	0.23%	0.19%	0.23% (Sep 2025)	0% (Oct 2024)	36.04 L	29.28 L	Mid Cap	15.5
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	1.06	438.7	0.23%	0.04%	1.85% (Oct 2024)	0.19% (Feb 2025)	1.28 L	17.40 k	Large Cap	31.51
# Persistent Systems Ltd.	Computers - software & consulting	1.56	426.3	0.22%	0.22%	0.23% (Jun 2025)	0% (Oct 2024)	88.40 k	86.70 k	Other	17.3
BSE Ltd.	Exchange and data platform	0.99	424.6	0.22%	0.19%	0.22% (Sep 2025)	0% (Oct 2024)	2.08 L	1.83 L	Small Cap	3.53
Indian Hotels Company Limited	Hotels & resorts	0.22	412	0.22%	-0.27%	0.84% (Jun 2025)	0% (Oct 2024)	5.72 L	-6.35 L	Mid Cap	15.5
Phoenix Mills Ltd.	Residential, commercial projects	2.17	408.3	0.21%	0.04%	0.21% (Sep 2025)	0% (Oct 2024)	2.63 L	50.75 k	Small Cap	3.53
Pidilite Industries Ltd.	Specialty chemicals	0.21	405.9	0.21%	0.06%	0.75% (Feb 2025)	0% (Oct 2024)	2.77 L	1.82 L	Large Cap	31.51
Jubilant Foodworks Ltd.	Restaurants	0.21	402.1	0.21%	-0.18%	0.39% (Aug 2025)	0% (Oct 2024)	6.51 L	-4.96 L	Other	17.3
Torrent Power Ltd.	Integrated power utilities	0.61	394	0.21%	0.12%	0.21% (Sep 2025)	0% (Oct 2024)	3.23 L	1.85 L	Mid Cap	15.5
Apollo Hospitals Enterprises Ltd.	Hospital	0.63	383.4	0.20%	-0.09%	0.42% (May 2025)	0.01% (Dec 2024)	51.75 k	-0.18 L	Mid Cap	15.5
Indian Railway Catering and Tourism Corporation Ltd.	Tour, travel related services	0.18	337.7	0.18%	-0.12%	0.57% (Apr 2025)	0.18% (Sep 2025)	4.82 L	-3.16 L	Other	17.3
Hindalco Industries Ltd.	Aluminium	0.61	330.7	0.17%	-0.02%	0.63% (Jan 2025)	0% (Feb 2025)	4.34 L	-0.64 L	Large Cap	31.51
Biocon Ltd.	Pharmaceuticals	2.96	325.7	0.17%	-0.31%	0.52% (Nov 2024)	0.02% (Apr 2025)	9.55 L	-0.16 Cr	Mid Cap	15.5
Tata Steel Ltd.	Iron & steel products	2.64	324	0.17%	0.07%	0.53% (Mar 2025)	0.01% (Oct 2024)	19.20 L	6.60 L	Other	17.3
Union Bank Of India	Public sector bank	4.17	314.4	0.16%	0.10%	0.16% (Sep 2025)	0% (Oct 2024)	22.70 L	13.41 L	Mid Cap	15.5
Lodha Developers Ltd.	Residential, commercial projects	2.17	311.8	0.16%	0.04%	0.16% (Sep 2025)	0% (Oct 2024)	2.75 L	86.40 k	Other	17.3
Bosch Ltd.	Auto components & equipments	0.94	279.4	0.15%	-0.12%	0.48% (Jul 2025)	0% (Oct 2024)	7.33 k	-5.38 k	Large Cap	31.51
ABB India Ltd.	Heavy electrical equipment	0.7	265.6	0.14%	-0.04%	0.59% (Feb 2025)	0.04% (Jul 2025)	51.25 k	-0.16 L	Large Cap	31.51
GAIL (India) Ltd.	Gas transmission/marketing	0.14	262.7	0.14%	-0.04%	0.45% (Dec 2024)	0% (Apr 2025)	14.90 L	-4.06 L	Large Cap	31.51
SBI Life Insurance Co Ltd.	Life insurance	1.06	216.2	0.11%	0.08%	0.62% (Nov 2024)	0% (Jan 2025)	1.21 L	88.88 k	Large Cap	31.51
Tata Consumer Products Ltd.	Tea & coffee	0.11	216.2	0.11%	-0.10%	0.57% (Mar 2025)	0% (Oct 2024)	1.91 L	-1.77 L	Mid Cap	15.5
Coforge Ltd.	Computers - software & consulting	1.56	211.2	0.11%	0.05%	0.44% (Jun 2025)	0% (Oct 2024)	1.33 L	72.00 k	Other	17.3
Computer Age Management Services Pvt Ltd.	Depositories, clearing houses and other intermediaries	0.1	197.3	0.10%	-0.18%	0.28% (Aug 2025)	0% (Oct 2024)	52.50 k	-0.87 L	Other	17.3
KEI Industries Ltd.	Cables - electricals	0.37	196.2	0.10%	0.04%	0.1% (Sep 2025)	0% (Oct 2024)	48.30 k	20.48 k	Small Cap	3.53
Motherson Sumi Systems Ltd.	Auto components & equipments	0.94	190.4	0.10%	-0.17%	0.9% (Apr 2025)	0.1% (Sep 2025)	18.02 L	-0.35 Cr	Large Cap	31.51
ICICI Prudential Life Insurance Co Ltd.	Life insurance	1.06	165.7	0.09%	0.02%	0.46% (Jun 2025)	0.01% (Nov 2024)	2.78 L	74.00 k	Large Cap	31.51
# Suzlon Energy Ltd.	Heavy electrical equipment	0.7	145.8	0.08%	0.08%	0.08% (Sep 2025)	0% (Oct 2024)	26.48 L	26.48 L	Small Cap	3.53
HCL Technologies Limited	Computers - software & consulting	1.56	138.2	0.07%	-0.65%	1.3% (Jul 2025)	0% (Oct 2024)	99.75 k	-8.14 L	Large Cap	31.51
# Life Insurance Corporation Of India	Life insurance	1.06	136.1	0.07%	0.07%	0.25% (Jun 2025)	0% (Oct 2024)	1.51 L	1.51 L	Other	17.3
# Indian Railway Finance Corporation Ltd.	Financial institution	1.38	132.8	0.07%	0.07%	0.07% (Sep 2025)	0% (Oct 2024)	10.75 L	10.75 L	Other	17.3
Mankind Pharma Ltd.	Pharmaceuticals	2.96	129.3	0.07%	0.06%	0.07% (Sep 2025)	0% (Oct 2024)	53.10 k	45.23 k	Other	17.3
# Bharat Dynamics Ltd.	Aerospace & defense	2.04	129.1	0.07%	0.07%	0.07% (Sep 2025)	0% (Oct 2024)	86.45 k	86.45 k	Other	17.3
Grasim Industries Limited	Cement & cement products	0.48	124.8	0.07%	-0.10%	1.22% (Jan 2025)	0.06% (Jun 2025)	45.25 k	-0.71 L	Large Cap	31.51
Hindustan Unilever Ltd.	Diversified fmcg	0.84	119.9	0.06%	0.05%	0.33% (Oct 2024)	0.01% (Aug 2025)	47.70 k	37.50 k	Large Cap	31.51
Manappuram Finance Ltd.	Non banking financial company (nbfc)	1.78	113.7	0.06%	0.01%	0.41% (Mar 2025)	0% (Oct 2024)	4.05 L	27.00 k	Mid Cap	15.5
Titan Company Ltd.	Gems, jewellery and watches	0.31	106.7	0.06%	0.05%	0.93% (Mar 2025)	0.01% (Aug 2025)	31.68 k	27.48 k	Large Cap	31.51
HFCL Ltd.	Telecom - infrastructure	0.71	102	0.05%	-0.03%	0.13% (Jun 2025)	0% (Oct 2024)	14.00 L	-8.00 L	Small Cap	3.53
Supreme Industries Ltd.	Plastic products - industrial	0.05	96.7	0.05%	-0.02%	0.07% (Aug 2025)	0% (Oct 2024)	22.93 k	-6.83 k	Mid Cap	15.5
360 ONE WAM Ltd.	Other financial services	0.05	95.7	0.05%	-0.02%	0.08% (Jul 2025)	0% (Oct 2024)	93.50 k	-0.43 L	Other	17.3
# Delhivery Ltd.	Logistics solution provider	0.29	91.5	0.05%	0.05%	0.05% (Sep 2025)	0% (Oct 2024)	2.03 L	2.03 L	Other	17.3
Dalmia Bharat Ltd.	Cement & cement products	0.48	89.8	0.05%	-0.05%	0.2% (Dec 2024)	0% (Oct 2024)	40.30 k	-0.36 L	Mid Cap	15.5
NHPC Ltd.	Power generation	1.94	79	0.04%	-0.05%	0.09% (Aug 2025)	0% (Oct 2024)	9.15 L	-0.12 Cr	Mid Cap	15.5
CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	0.7	71.2	0.04%	-0.46%	0.5% (Aug 2025)	0% (Oct 2024)	96.05 k	-0.13 Cr	Small Cap	3.53
Eicher Motors Ltd.	2/3 wheelers	0.5	65	0.03%	-0.12%	0.74% (Oct 2024)	0.03% (Jul 2025)	9.28 k	-0.37 L	Other	17.3
# L&T Finance Holdings Ltd.	Investment company	0.03	64.5	0.03%	0.03%	0.08% (Oct 2024)	0% (Oct 2024)	2.59 L	2.54 L	Mid Cap	15.5
- Tube Investments Of India Ltd.	Auto components & equipments	0.94	64.4	0.03%	0.00%	0.18% (May 2025)	0% (Oct 2024)	20.80 k	4.40 k	Small Cap	3.53
- Housing & Urban Development Corporation Ltd.	Financial institution	1.38	62.7	0.03%	0.00%	0.07% (Jun 2025)	0% (Oct 2024)	2.80 L	-0.19 L	Small Cap	3.53
# Indian Energy Exchange Ltd.	Exchange and data platform	0.99	61.1	0.03%	0.03%	0.32% (Oct 2024)	0% (Oct 2024)	4.39 L	4.39 L	Small Cap	3.53
Mazagon Dock Shipbuilders Ltd.	Ship building & allied services	0.03	59.9	0.03%	0.01%	0.03% (Sep 2025)	0% (Oct 2024)	21.70 k	9.10 k	Other	17.3
Cipla Ltd.	Pharmaceuticals	2.96	59.8	0.03%	-0.12%	1.07% (Dec 2024)	0% (Oct 2024)	39.75 k	-1.35 L	Large Cap	31.51
Zydus Lifesciences Ltd.	Pharmaceuticals	2.96	50.4	0.03%	0.02%	0.23% (Apr 2025)	0% (Oct 2024)	51.30 k	24.30 k	Mid Cap	15.5
Havells India Ltd.	Consumer electronics	0.48	47.3	0.02%	0.01%	1.23% (Nov 2024)	0% (Jul 2025)	31.50 k	16.00 k	Large Cap	31.51
Kaynes Technology India Private Ltd.	Industrial products	0.02	45.8	0.02%	-0.03%	0.05% (Aug 2025)	0% (Oct 2024)	6.50 k	-7.60 k	Other	17.3
Ultratech Cement Ltd.	Cement & cement products	0.48	44	0.02%	0.01%	0.81% (Feb 2025)	0.01% (Aug 2025)	3.60 k	2.40 k	Large Cap	31.51
Syngene International Ltd.	Healthcare research, analytics & technology	0.02	38	0.02%	-0.02%	0.15% (Jun 2025)	0% (Oct 2024)	61.00 k	-0.58 L	Mid Cap	15.5
Cyient Ltd.	It enabled services	0.02	36.5	0.02%	0.01%	0.03% (Jun 2025)	0% (Oct 2024)	31.88 k	14.03 k	Small Cap	3.53
Mphasis Ltd.	Computers - software & consulting	1.56	36.5	0.02%	0.01%	0.55% (Jun 2025)	0% (Nov 2024)	13.75 k	9.90 k	Mid Cap	15.5
# ICICI Lombard General Insurance Co Ltd.	General insurance	0.02	34.4	0.02%	0.02%	0.13% (May 2025)	0% (Jun 2025)	18.20 k	17.23 k	Large Cap	31.51
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	2.96	25.7	0.01%	-0.01%	0.18% (Jun 2025)	0% (Oct 2024)	16.10 k	-9.80 k	Large Cap	31.51
# Au Small Finance Bank Ltd.	Other bank	0.01	24.9	0.01%	0.01%	0.04% (Jul 2025)	0% (Oct 2024)	34.00 k	34.00 k	Mid Cap	15.5
# Inox Wind Ltd.	Heavy electrical equipment	0.7	17.9	0.01%	0.01%	0.01% (Sep 2025)	0% (Oct 2024)	1.28 L	1.21 L	Small Cap	3.53
# Siemens Ltd.	Heavy electrical equipment	0.7	16.8	0.01%	0.01%	0.77% (Feb 2025)	0% (Oct 2024)	5.38 k	5.38 k	Large Cap	31.51
Infosys Ltd.	Computers - software & consulting	1.56	12.1	0.01%	-0.10%	1.83% (Apr 2025)	0% (Jun 2025)	8.40 k	-1.28 L	Large Cap	31.51
- HDFC Life Insurance Company Ltd.	Life insurance	1.06	5.8	0.00%	0.00%	0.24% (Feb 2025)	0% (Oct 2024)	7.70 k	7.70 k	Large Cap	31.51
- Hero Motocorp Ltd.	2/3 wheelers	0.5	5.8	0.00%	0.00%	0.81% (Mar 2025)	0% (Oct 2024)	1.05 k	1.05 k	Large Cap	31.51
Pi Industries Ltd.	Pesticides & agrochemicals	0.4	5.5	0.00%	-0.07%	0.07% (Aug 2025)	0% (Oct 2024)	1.58 k	-0.34 L	Mid Cap	15.5
- Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	1.06	4.8	0.00%	0.00%	0.66% (Nov 2024)	0% (Oct 2024)	300.00	250.00	Large Cap	31.51
Bajaj Finance Ltd.	Non banking financial company (nbfc)	1.78	3.8	0.00%	-0.67%	0.79% (Jun 2025)	0% (Sep 2025)	3.75 k	-0.14 Cr	Other	17.3
PG Electroplast Ltd.	Consumer electronics	0.48	2.8	0.00%	-0.02%	0.09% (Jul 2025)	0% (Oct 2024)	5.60 k	-0.60 L	Other	17.3
- Piramal Pharma Ltd.	Pharmaceuticals	2.96	2.4	0.00%	0.00%	0% (Sep 2025)	0% (Oct 2024)	12.50 k	12.50 k	Other	17.3
Asian Paints (india) Ltd.	Paints	0	2.4	0.00%	-0.13%	0.39% (Feb 2025)	0% (Oct 2024)	1.00 k	-0.94 L	Large Cap	31.51
Torrent Pharmaceuticals Ltd.	Pharmaceuticals	2.96	1.8	0.00%	-0.04%	0.26% (Jun 2025)	0% (Sep 2025)	500.00	-0.21 L	Mid Cap	15.5
HDFC Asset Management Co. Ltd.	Asset management company	0	1.7	0.00%	-0.01%	0.98% (Dec 2024)	0% (Oct 2024)	300.00	-1.50 k	Large Cap	31.51
Astral Ltd.	Plastic products - industrial	0.05	0.6	0.00%	-0.10%	0.28% (Jan 2025)	0% (Oct 2024)	425.00	-1.37 L	Mid Cap	15.5
SRF Ltd.	Specialty chemicals	0.21	0.6	0.00%	-0.02%	0.3% (May 2025)	0% (Oct 2024)	200.00	-0.11 L	Mid Cap	15.5
Bharat Forge Ltd.	Castings & forgings		148.3	0.00%	-0.08%	-	-	-	-	Mid Cap	15.5
Muthoot Finance Pvt. Ltd.	Non banking financial company (nbfc)	1.78	62.4	0.00%	-0.03%	-	-	-	-	Mid Cap	15.5
InterGlobe Aviation Ltd.	Airline		145.7	0.00%	-0.08%	-	-	-	-	Large Cap	31.51
Tech Mahindra Ltd.	Computers - software & consulting	1.56	74.7	0.00%	-0.04%	-	-	-	-	Large Cap	31.51
Bajaj Auto Ltd.	2/3 wheelers	0.5	16.8	0.00%	-0.01%	-	-	-	-	Large Cap	31.51
Ashok Leyland Ltd.	Commercial vehicles		5.1	0.00%	0.00%	-	-	-	-	Mid Cap	15.5
Shree Cement Ltd.	Cement & cement products	0.48	42.5	0.00%	-0.02%	-	-	-	-	Large Cap	31.51
Fortis Healthcare Ltd.	Hospital	0.63	65	0.00%	-0.03%	-	-	-	-	Other	17.3
Amber Enterprises India Ltd.	Household appliances	0.46	40	0.00%	-0.02%	-	-	-	-	Small Cap	3.53
Tata Chemicals Ltd.	Commodity chemicals		106.5	0.00%	-0.06%	-	-	-	-	Mid Cap	15.5
Colgate - Palmolive (India) Limited	Personal care	1.74	172.6	0.00%	-0.09%	-	-	-	-	Large Cap	31.51
Tata Technologies Ltd.	Computers - software & consulting	1.56	88.3	0.00%	-0.05%	-	-	-	-	Other	17.3

- 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
# Sammaan Capital Ltd.	Housing finance company	1174.5	0.61%	0.61%	0.61% (Sep 2025)	0% (Oct 2024)	73.01 L	7301400
- HDFC Life Insurance Company Ltd.	Life insurance	5.8	0.00%	0.00%	0.24% (Feb 2025)	0% (Oct 2024)	7.70 k	7700
# Indian Railway Finance Corporation Ltd.	Financial institution	132.8	0.07%	0.07%	0.07% (Sep 2025)	0% (Oct 2024)	10.75 L	1075250
# Bharat Dynamics Ltd.	Aerospace & defense	129.1	0.07%	0.07%	0.07% (Sep 2025)	0% (Oct 2024)	86.45 k	86450
# Au Small Finance Bank Ltd.	Other bank	24.9	0.01%	0.01%	0.04% (Jul 2025)	0% (Oct 2024)	34.00 k	34000
- Hero Motocorp Ltd.	2/3 wheelers	5.8	0.00%	0.00%	0.81% (Mar 2025)	0% (Oct 2024)	1.05 k	1050
# Life Insurance Corporation Of India	Life insurance	136.1	0.07%	0.07%	0.25% (Jun 2025)	0% (Oct 2024)	1.51 L	151200
# Suzlon Energy Ltd.	Heavy electrical equipment	145.8	0.08%	0.08%	0.08% (Sep 2025)	0% (Oct 2024)	26.48 L	2648000
# Siemens Ltd.	Heavy electrical equipment	16.8	0.01%	0.01%	0.77% (Feb 2025)	0% (Oct 2024)	5.38 k	5375
# Indian Energy Exchange Ltd.	Exchange and data platform	61.1	0.03%	0.03%	0.32% (Oct 2024)	0% (Oct 2024)	4.39 L	438750
# Delhivery Ltd.	Logistics solution provider	91.5	0.05%	0.05%	0.05% (Sep 2025)	0% (Oct 2024)	2.03 L	203350
- Piramal Pharma Ltd.	Pharmaceuticals	2.4	0.00%	0.00%	0% (Sep 2025)	0% (Oct 2024)	12.50 k	12500

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

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	1M Change in Qty
Bharat Forge Ltd.	Castings & forgings	148.3	0.00%	-0.08%	0.89% (Dec 2024)	0% (Oct 2024)	-134000
Muthoot Finance Pvt. Ltd.	Non banking financial company (nbfc)	62.4	0.00%	-0.03%	0.43% (Nov 2024)	0% (Oct 2024)	-23650
InterGlobe Aviation Ltd.	Airline	145.7	0.00%	-0.08%	0.66% (May 2025)	0% (Oct 2024)	-25800
Tech Mahindra Ltd.	Computers - software & consulting	74.7	0.00%	-0.04%	0.97% (Apr 2025)	0% (Oct 2024)	-50400
Bajaj Auto Ltd.	2/3 wheelers	16.8	0.00%	-0.01%	0.69% (Dec 2024)	0% (Oct 2024)	-1950
- Ashok Leyland Ltd.	Commercial vehicles	5.1	0.00%	0.00%	0.18% (Oct 2024)	0% (Oct 2024)	-40000
Shree Cement Ltd.	Cement & cement products	42.5	0.00%	-0.02%	0.02% (Aug 2025)	0% (Oct 2024)	-1450
Fortis Healthcare Ltd.	Hospital	65	0.00%	-0.03%	0.04% (Jul 2025)	0% (Oct 2024)	-71300
Amber Enterprises India Ltd.	Household appliances	40	0.00%	-0.02%	0.03% (Jul 2025)	0% (Oct 2024)	-5500
Tata Chemicals Ltd.	Commodity chemicals	106.5	0.00%	-0.06%	0.11% (Jan 2025)	0% (Oct 2024)	-115700
Colgate - Palmolive (India) Limited	Personal care	172.6	0.00%	-0.09%	0.4% (Nov 2024)	0% (Oct 2024)	-74025
Tata Technologies Ltd.	Computers - software & consulting	88.3	0.00%	-0.05%	0.16% (Jun 2025)	0% (Oct 2024)	-134400

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
Reliance Industries Ltd.	2.72%	2.71%	2.83%	2.98%	3.33%	4.02%	5.87%	5.88%	5.80%	6.35%	4.96%	4.57%	4.17%
HDFC Bank Ltd.	2.48%	2.61%	1.52%	1.71%	3.80%	3.76%	3.79%	1.68%	1.56%	0.17%	0.16%	4.34%	2.50%
ICICI Bank Ltd.	2.22%	2.70%	2.82%	2.85%	2.54%	2.98%	2.63%	2.99%	2.61%	1.20%	2.08%	0.01%	0.01%
Axis Bank Ltd.	2.39%	2.63%	2.03%	1.73%	1.72%	1.12%	1.14%	3.25%	2.89%	1.97%	1.39%	0.85%	0.08%
State Bank Of India	1.59%	2.05%	1.98%	2.41%	2.63%	2.17%	1.53%	2.12%	2.18%	1.79%	0.88%	0.62%	0.01%
Hindustan Aeronautics Ltd.	1.35%	1.30%	1.45%	1.48%	1.30%	1.54%	1.86%	1.18%	1.39%	1.53%	1.39%	1.21%	0.83%
Tata Motors Ltd.	0.83%	0.84%	0.56%	0.20%	0.58%	0.77%	1.28%	1.57%	1.75%	2.03%	2.25%	2.39%	2.46%
ITC Limited	0.78%	0.99%	1.39%	1.92%	2.26%	1.85%	2.17%	1.30%	0.82%	0.97%	0.83%	0.50%	0.41%
Tata Consultancy Services Ltd.	1.13%	1.85%	2.21%	1.46%	1.22%	1.20%	1.01%	0.92%	0.88%	-	0.07%	0.99%	0.71%
Indusind Bank Ltd.	1.23%	0.98%	0.55%	0.46%	0.27%	0.06%	0.08%	0.92%	1.84%	1.98%	1.95%	1.38%	1.59%
Tata Power Co. Ltd.	0.40%	0.49%	0.71%	0.90%	0.87%	0.82%	0.85%	0.74%	1.20%	1.12%	1.09%	1.38%	1.69%
Vodafone Idea Ltd.	0.75%	0.60%	0.71%	0.79%	0.79%	0.89%	0.86%	0.96%	1.13%	1.01%	1.09%	1.07%	1.46%
Bank Of Baroda	0.97%	0.54%	0.31%	0.17%	0.02%	0.54%	0.49%	0.87%	1.12%	1.54%	1.61%	1.74%	1.65%
DLF Ltd.	0.72%	0.78%	0.86%	0.97%	1.09%	0.51%	0.44%	0.80%	0.71%	1.12%	1.25%	1.21%	1.00%
Rural Electrification Corporation Limited	0.81%	0.80%	0.88%	0.94%	0.90%	0.86%	0.97%	0.82%	0.60%	0.59%	0.93%	1.08%	1.26%

No of Debt Holding 37 (Category Avg - 9.76) | Modified Duration 0.45 Years (Category Avg - 0.40)| Yield to Maturity 6.60% (Category Avg - 6.02%)

Portfolio Summary (as on 30th Sep,2025)

Security Type	% Weight	Category Average
GOI	0.00%	0.98%
CD	0.00%	1.86%
T-Bills	0.00%	1.28%
CP	1.67%	1.13%
NCD & Bonds	19.03%	2.59%
PTC	0.00%	0.02%

Category - Arbitrage Fund

Security Type	% Weight	Category Average
Government Backed	0.00%	0.00%
Low Risk	20.70%	5.59%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Category - Arbitrage Fund

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

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	3008.24	1.57%	3.00 k
Bond - Shriram Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA+	CRISIL	2522.57	1.32%	25.00 k
Bond - Bharti Telecom Ltd.	NCD & Bonds	Telecom - equipment & accessories	AAA	CRISIL	2505.32	1.31%	2.50 k
Bond - Bharti Telecom Ltd.	CP	Telecom - equipment & accessories	P1+	CRISIL	2491.81	1.30%	5.00 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	1985.25	1.04%	20.00 k
Bond - Tata Capital Financial Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	1961.61	1.02%	19.50 k
Bond - Bharti Telecom Ltd.	NCD & Bonds	Telecom - equipment & accessories	AAA	CRISIL	1754.68	0.92%	1.75 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	1506.34	0.79%	15.00 k
Bond - Kotak Mahindra Prime Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	1352.51	0.71%	1.35 k
Bond - Bharti Telecom Ltd.	NCD & Bonds	Telecom - equipment & accessories	AAA	CRISIL	1303.85	0.68%	13.00 k
Bond - Shriram Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA+	CRISIL	1260.32	0.66%	12.50 k
Bond - HDB Financial Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	1259.59	0.66%	1.00 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	1253.40	0.65%	1.25 k
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	1244.76	0.65%	1.25 k
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	1009.01	0.53%	10.00 k
Bond - Sundaram Home Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	1007.42	0.53%	10.00 k
Bond - Mahindra & Mahindra Financial Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	1005.58	0.53%	10.00 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	1003.72	0.52%	1.00 k
Bond - Bajaj Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	1001.00	0.52%	1.00 k
Bond - Shriram Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA+	CRISIL	903.21	0.47%	9.00 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	798.50	0.42%	800.00
Bond - Cholamandalam Investment & Finance Co. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA+	ICRA	758.39	0.40%	7.50 k
Bond - Bajaj Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	702.32	0.37%	7.00 k
Bond - L&T Finance Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	716.63	0.37%	1.50 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	501.87	0.26%	500.00
Bond - Kotak Mahindra Prime Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	500.56	0.26%	5.00 k
Bond - L&T Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	505.78	0.26%	5.00 k
Bond - Bajaj Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	503.40	0.26%	5.00 k
Bond - Bajaj Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	502.41	0.26%	5.00 k
Bond - Cholamandalam Investment & Finance Co. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA+	ICRA	502.12	0.26%	5.00 L
Bond - Tata Capital Financial Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	504.86	0.26%	5.00 k
Bond - Kotak Mahindra Prime Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	504.69	0.26%	5.00 k
Bond - Cholamandalam Investment & Finance Co. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA+	ICRA	400.19	0.21%	400.00
Bond - Bharti Telecom Ltd.	NCD & Bonds	Telecom - equipment & accessories	AAA	CRISIL	300.84	0.16%	300.00
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	300.31	0.16%	300.00
Bond - Cholamandalam Investment & Finance Co. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA+	ICRA	200.43	0.10%	200.00
Bond - Cholamandalam Investment & Finance Co. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA+	ICRA	100.60	0.05%	1.00 k