Tata Banking And Financial Services 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 : 21.80%. Category average turnover ratio is 153.01%. 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 : 96.50% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 96.50%

No of Stocks : 32 (Category Avg - 44.44) | Large Cap Investments : 38.64%| Mid Cap Investments : 14.94% | Small Cap Investments : 2.57% | Other : 40.35%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	32	43.41
Top 5 Stock Weight	47.56%	32.46%
Top 10 Stock Weight	60.76%	49.59%
Top 3 Sector Weight	72.88%	43.5%

Category - Sectoral/Thematic

Particulars	This Scheme	Category
Average mcap (Cr)	80650.74	72450.77
Holdings in large cap stocks	38.64%	37.14%
Holdings in mid cap stocks	14.94%	14.47%
Holdings in small cap stocks	2.57%	13.1%

Category - Sectoral/Thematic

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	5726.3	18.32%	-0.59%	24.26% (Feb 2025)	18.32% (Oct 2025)	58.00 L	0.00
ICICI Bank Ltd.	Private sector bank	2959.7	9.47%	0.69%	9.47% (Oct 2025)	8.14% (Jun 2025)	22.00 L	3.00 L
Axis Bank Ltd.	Private sector bank	2675.2	8.56%	0.14%	9.56% (Nov 2024)	8.01% (Jul 2025)	21.70 L	0.00
Kotak Mahindra Bank Ltd.	Private sector bank	2522.6	8.07%	-0.13%	9.8% (Mar 2025)	7.05% (Nov 2024)	12.00 L	0.00
Bajaj Finserv Ltd	Holding company	981.2	3.14%	-0.09%	3.27% (Jun 2025)	0% (Nov 2024)	4.70 L	0.00
Bajaj Finance Ltd.	Non banking financial company (nbfc)	938.5	3.00%	0.09%	3% (Oct 2025)	0% (Nov 2024)	9.00 L	50.00 k
State Bank Of India	Public sector bank	927.6	2.97%	0.01%	3.49% (Nov 2024)	2.72% (Jul 2025)	9.90 L	0.00
ICICI Lombard General Insurance Co Ltd.	General insurance	797.5	2.55%	-0.04%	2.66% (Jul 2025)	2.29% (Mar 2025)	4.00 L	0.00
Au Small Finance Bank Ltd.	Other bank	746.2	2.39%	0.26%	2.39% (Oct 2025)	0.74% (Nov 2024)	8.50 L	0.00
One 97 Communications Ltd.	Financial technology (fintech)	716.8	2.29%	-0.02%	2.57% (Aug 2025)	0% (Nov 2024)	5.50 L	-0.50 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	53.84	5726.3	18.32%	-0.59%	24.26% (Feb 2025)	18.32% (Oct 2025)	58.00 L	0.00	Other	40.35
ICICI Bank Ltd.	Private sector bank	53.84	2959.7	9.47%	0.69%	9.47% (Oct 2025)	8.14% (Jun 2025)	22.00 L	3.00 L	Large Cap	38.64
Axis Bank Ltd.	Private sector bank	53.84	2675.2	8.56%	0.14%	9.56% (Nov 2024)	8.01% (Jul 2025)	21.70 L	0.00	Large Cap	38.64
Kotak Mahindra Bank Ltd.	Private sector bank	53.84	2522.6	8.07%	-0.13%	9.8% (Mar 2025)	7.05% (Nov 2024)	12.00 L	0.00	Large Cap	38.64
Bajaj Finserv Ltd	Holding company	3.14	981.2	3.14%	-0.09%	3.27% (Jun 2025)	0% (Nov 2024)	4.70 L	0.00	Other	40.35
Bajaj Finance Ltd.	Non banking financial company (nbfc)	9.12	938.5	3.00%	0.09%	3% (Oct 2025)	0% (Nov 2024)	9.00 L	50.00 k	Other	40.35
State Bank Of India	Public sector bank	2.97	927.6	2.97%	0.01%	3.49% (Nov 2024)	2.72% (Jul 2025)	9.90 L	0.00	Large Cap	38.64
ICICI Lombard General Insurance Co Ltd.	General insurance	4.05	797.5	2.55%	-0.04%	2.66% (Jul 2025)	2.29% (Mar 2025)	4.00 L	0.00	Large Cap	38.64
Au Small Finance Bank Ltd.	Other bank	3.02	746.2	2.39%	0.26%	2.39% (Oct 2025)	0.74% (Nov 2024)	8.50 L	0.00	Mid Cap	14.94
One 97 Communications Ltd.	Financial technology (fintech)	2.29	716.8	2.29%	-0.02%	2.57% (Aug 2025)	0% (Nov 2024)	5.50 L	-0.50 L	Other	40.35
PNB Housing Finance Ltd.	Housing finance company	9.92	696.5	2.23%	0.01%	2.83% (Jan 2025)	2% (Aug 2025)	7.50 L	0.00	Mid Cap	14.94
Max Financial Services Ltd.	Life insurance	8.15	695.9	2.23%	-0.20%	2.56% (Aug 2025)	1.97% (Feb 2025)	4.50 L	0.00	Mid Cap	14.94
RBL Bank Ltd.	Private sector bank	53.84	685.3	2.19%	-0.19%	2.38% (Sep 2025)	1.11% (Nov 2024)	21.00 L	-4.00 L	Mid Cap	14.94
SBI Cards and Payment Services Ltd.	Non banking financial company (nbfc)	9.12	659	2.11%	-0.14%	3.23% (Feb 2025)	2.09% (Jul 2025)	7.50 L	0.00	Other	40.35
HDFC Life Insurance Company Ltd.	Life insurance	8.15	658.7	2.11%	-0.22%	2.5% (May 2025)	2.11% (Dec 2024)	9.00 L	0.00	Large Cap	38.64
# Canara HSBC Life Insurance Co.Ltd.	Life insurance	8.15	626.5	2.00%	2.00%	2% (Oct 2025)	0% (Nov 2024)	53.84 L	53.84 L	Other	40.35
Aptus Value Housing Finance India Ltd.	Housing finance company	9.92	571.7	1.83%	-0.14%	1.97% (Sep 2025)	1.39% (Mar 2025)	18.00 L	0.00	Other	40.35
SBI Life Insurance Co Ltd.	Life insurance	8.15	567.2	1.81%	0.03%	1.86% (Aug 2025)	0% (Nov 2024)	2.90 L	0.00	Large Cap	38.64
India Shelter Finance Corporation Ltd.	Housing finance company	9.92	530.3	1.70%	-0.09%	2.11% (Mar 2025)	1.68% (Nov 2024)	6.00 L	0.00	Other	40.35
Mahindra & Mahindra Financial Services Ltd.	Non banking financial company (nbfc)	9.12	520.7	1.67%	0.11%	1.67% (Oct 2025)	0% (Nov 2024)	16.50 L	0.00	Mid Cap	14.94
Bandhan Bank Ltd.	Private sector bank	53.84	501	1.60%	-0.18%	2.05% (Jun 2025)	1.6% (Oct 2025)	32.00 L	0.00	Large Cap	38.64
Aavas Financiers Ltd.	Housing finance company	9.92	486.1	1.56%	-0.09%	2% (Mar 2025)	1.32% (Aug 2025)	2.95 L	0.00	Mid Cap	14.94
City Union Bank Ltd.	Private sector bank	53.84	480.2	1.54%	0.15%	1.54% (Oct 2025)	0% (Nov 2024)	21.00 L	2.00 L	Mid Cap	14.94
Star Health and Allied Insurance Co Ltd.	General insurance	4.05	469.7	1.50%	0.05%	1.5% (Oct 2025)	0% (Nov 2024)	9.50 L	0.00	Other	40.35
Indusind Bank Ltd.	Private sector bank	53.84	468.9	1.50%	0.01%	1.82% (Feb 2025)	1.07% (Mar 2025)	5.90 L	0.00	Large Cap	38.64
Home First Finance Company India Ltd.	Housing finance company	9.92	466.1	1.49%	-0.14%	2.1% (Jun 2025)	1.49% (Oct 2025)	3.90 L	0.00	Other	40.35
DCB Bank Ltd.	Private sector bank	53.84	454.9	1.46%	0.21%	1.51% (May 2025)	1.25% (Aug 2025)	28.80 L	0.00	Small Cap	2.57
Five-Star Business Finance Ltd.	Non banking financial company (nbfc)	9.12	436.4	1.40%	0.17%	1.86% (Jan 2025)	1.23% (Sep 2025)	6.69 L	0.00	Other	40.35
IDFC First Bank Ltd.	Private sector bank	53.84	351.6	1.13%	0.10%	1.17% (Jan 2025)	0.93% (Mar 2025)	43.00 L	0.00	Mid Cap	14.94
Repco Home Finance Ltd.	Housing finance company	9.92	345.5	1.11%	0.09%	1.55% (Nov 2024)	0.92% (Aug 2025)	8.25 L	0.00	Small Cap	2.57
HDB Financial Services Ltd.	Non banking financial company (nbfc)	9.12	292.5	0.94%	-0.09%	1.03% (Sep 2025)	0% (Nov 2024)	4.00 L	0.00	Other	40.35
Fino Payments Bank Ltd.	Other bank	3.02	196.2	0.63%	-0.01%	0.85% (Nov 2024)	0.59% (May 2025)	6.93 L	0.00	Other	40.35
L&T Finance Holdings Ltd.	Investment company		373.9	0.00%	-1.28%	-	-	-	-	Mid Cap	14.94
Multi Commodity Exchange Of India Ltd.	Exchange and data platform		233.9	0.00%	-0.80%	-	-	-	-	Small Cap	2.57

- 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
# Canara HSBC Life Insurance Co.Ltd.	Life insurance	626.5	2.00%	2.00%	2% (Oct 2025)	0% (Nov 2024)	53.84 L	5384170

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	Quantity	1M Change in Qty
L&T Finance Holdings Ltd.	Investment company	373.9	0.00%	-1.28%	1.28% (Sep 2025)	0% (Nov 2024)	0.00	-1500000
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	233.9	0.00%	-0.80%	0.91% (Jun 2025)	0% (Nov 2024)	0.00	-30000

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.	18.32%	18.91%	19.58%	20.22%	21.65%	22.25%	22.38%	22.96%	24.26%	23.39%	23.81%	23.79%	23.03%
ICICI Bank Ltd.	9.47%	8.78%	8.26%	8.52%	8.14%	8.61%	8.63%	8.81%	8.77%	8.98%	9.10%	9.10%	9.06%
Axis Bank Ltd.	8.56%	8.42%	8.05%	8.01%	8.59%	9.04%	9.13%	8.82%	8.89%	8.49%	9.08%	9.56%	9.57%
Kotak Mahindra Bank Ltd.	8.07%	8.20%	8.34%	8.20%	8.41%	8.53%	9.23%	9.80%	9.58%	9.41%	8.38%	7.05%	6.20%
State Bank Of India	2.97%	2.96%	2.82%	2.72%	2.75%	2.88%	2.84%	3.00%	2.98%	3.29%	3.36%	3.49%	3.42%
PNB Housing Finance Ltd.	2.23%	2.22%	2.00%	2.56%	2.81%	2.80%	2.75%	2.59%	2.51%	2.83%	2.81%	2.81%	3.05%
Bajaj Finserv Ltd	3.14%	3.23%	3.19%	3.16%	3.27%	1.44%	0.53%	-	-	-	-	-	-
SBI Cards and Payment Services Ltd.	2.11%	2.25%	2.14%	2.09%	2.42%	2.90%	2.79%	3.04%	3.23%	2.95%	2.49%	2.47%	2.44%
Bajaj Finance Ltd.	3.00%	2.91%	2.65%	2.59%	2.53%	2.63%	2.51%	2.46%	2.61%	2.38%	1.75%	-	-
ICICI Lombard General Insurance Co Ltd.	2.55%	2.59%	2.61%	2.66%	2.59%	2.51%	2.56%	2.29%	2.41%	2.60%	2.29%	2.35%	2.42%
HDFC Life Insurance Company Ltd.	2.11%	2.33%	2.46%	2.35%	2.48%	2.50%	2.43%	2.42%	2.26%	2.20%	2.11%	2.21%	2.43%
Max Financial Services Ltd.	2.23%	2.43%	2.56%	2.33%	2.51%	2.42%	2.13%	2.03%	1.97%	2.16%	2.14%	2.15%	2.43%
One 97 Communications Ltd.	2.29%	2.31%	2.57%	2.26%	1.87%	1.91%	1.89%	1.84%	1.72%	1.84%	1.74%	-	-
Canara HSBC Life Insurance Co.Ltd.	2.00%	-	-	-	-	-	-	-	-	-	-	-	-
India Shelter Finance Corporation Ltd.	1.70%	1.79%	2.01%	2.06%	1.93%	2.03%	2.05%	2.11%	2.07%	1.85%	1.88%	1.68%	1.79%