Tata Digital India Fund - 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 : 9.16%. Category average turnover ratio is 167.64%. 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 : 98.36% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 98.36%

No of Stocks : 39 (Category Avg - 44.43) | Large Cap Investments : 55.1%| Mid Cap Investments : 7.44% | Small Cap Investments : 11.9% | Other : 23.92%

Portfolio Summary (as on 30th Nov,2025)

Particulars	This Scheme	Category
No. of Stocks	39	43.31
Top 5 Stock Weight	52.55%	32.32%
Top 10 Stock Weight	73.89%	49.31%
Top 3 Sector Weight	85.82%	43.27%

Category - Sectoral/Thematic

Particulars	This Scheme	Category
Average mcap (Cr)	188392.81	72871.69
Holdings in large cap stocks	55.1%	37.3%
Holdings in mid cap stocks	7.44%	14.28%
Holdings in small cap stocks	11.9%	12.55%

Category - Sectoral/Thematic

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
Infosys Ltd.	Computers - software & consulting	22852	18.91%	0.50%	19.83% (Mar 2025)	16.72% (Dec 2024)	1.46 Cr
Tata Consultancy Services Ltd.	Computers - software & consulting	13535.6	11.20%	0.01%	13.57% (Mar 2025)	11.19% (Oct 2025)	43.14 L
Tech Mahindra Ltd.	Computers - software & consulting	10842.5	8.97%	0.34%	9.87% (Jun 2025)	8.63% (Oct 2025)	71.46 L
Wipro Ltd.	Computers - software & consulting	8181.4	6.77%	0.08%	8.22% (Feb 2025)	6.69% (Oct 2025)	3.28 Cr
HCL Technologies Limited	Computers - software & consulting	8094.8	6.70%	0.19%	7.37% (Dec 2024)	6.16% (Sep 2025)	49.84 L
Eternal Ltd.	E-retail/ e-commerce	6591.7	5.45%	-0.47%	7.08% (Aug 2025)	5.14% (Jan 2025)	2.20 Cr
LTIMindtree Ltd.	Computers - software & consulting	6023.7	4.98%	0.22%	4.98% (Nov 2025)	4.04% (Mar 2025)	9.88 L
PB Fintech Ltd.	Financial technology (fintech)	4855.6	4.02%	-0.02%	4.06% (Sep 2025)	1.85% (Feb 2025)	26.70 L
Persistent Systems Ltd.	Computers - software & consulting	4823.2	3.99%	0.18%	3.99% (Nov 2025)	3.27% (Sep 2025)	7.59 L
Firstsource Solutions Ltd.	It enabled services	3500.6	2.90%	-0.14%	3.22% (May 2025)	2.72% (Jan 2025)	1.01 Cr

- 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

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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
Infosys Ltd.	Computers - software & consulting	70.18	22852	18.91%	0.50%	19.83% (Mar 2025)	16.72% (Dec 2024)	1.46 Cr	0.00	Large Cap	55.1
Tata Consultancy Services Ltd.	Computers - software & consulting	70.18	13535.6	11.20%	0.01%	13.57% (Mar 2025)	11.19% (Oct 2025)	43.14 L	0.00	Large Cap	55.1
Tech Mahindra Ltd.	Computers - software & consulting	70.18	10842.5	8.97%	0.34%	9.87% (Jun 2025)	8.63% (Oct 2025)	71.46 L	0.00	Large Cap	55.1
Wipro Ltd.	Computers - software & consulting	70.18	8181.4	6.77%	0.08%	8.22% (Feb 2025)	6.69% (Oct 2025)	3.28 Cr	0.00	Large Cap	55.1
HCL Technologies Limited	Computers - software & consulting	70.18	8094.8	6.70%	0.19%	7.37% (Dec 2024)	6.16% (Sep 2025)	49.84 L	0.00	Large Cap	55.1
Eternal Ltd.	E-retail/ e-commerce	8.72	6591.7	5.45%	-0.47%	7.08% (Aug 2025)	5.14% (Jan 2025)	2.20 Cr	0.00	Other	23.92
LTIMindtree Ltd.	Computers - software & consulting	70.18	6023.7	4.98%	0.22%	4.98% (Nov 2025)	4.04% (Mar 2025)	9.88 L	0.00	Mid Cap	7.44
PB Fintech Ltd.	Financial technology (fintech)	4.62	4855.6	4.02%	-0.02%	4.06% (Sep 2025)	1.85% (Feb 2025)	26.70 L	0.00	Other	23.92
Persistent Systems Ltd.	Computers - software & consulting	70.18	4823.2	3.99%	0.18%	3.99% (Nov 2025)	3.27% (Sep 2025)	7.59 L	0.00	Other	23.92
Firstsource Solutions Ltd.	It enabled services	6.92	3500.6	2.90%	-0.14%	3.22% (May 2025)	2.72% (Jan 2025)	1.01 Cr	0.00	Small Cap	11.9
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	3.45	3087.7	2.55%	-0.01%	2.56% (Oct 2025)	1.8% (Dec 2024)	14.69 L	0.00	Large Cap	55.1
Cyient Ltd.	It enabled services	6.92	2084.3	1.72%	-0.11%	2.31% (Dec 2024)	1.72% (Nov 2025)	18.55 L	0.00	Small Cap	11.9
Swiggy Ltd.	E-retail/ e-commerce	8.72	1927.8	1.60%	0.25%	1.6% (Nov 2025)	0.43% (Apr 2025)	50.96 L	12.00 L	Other	23.92
Sonata Software Ltd.	Computers - software & consulting	70.18	1867.6	1.55%	-0.09%	2.37% (Dec 2024)	1.55% (Nov 2025)	52.26 L	0.00	Small Cap	11.9
- Cartrade Tech Ltd.	E-retail/ e-commerce	8.72	1729.3	1.43%	0.00%	1.43% (Nov 2025)	0.21% (Dec 2024)	5.60 L	0.00	Other	23.92
Mastek Ltd.	Computers - software & consulting	70.18	1507.3	1.25%	0.01%	1.33% (Sep 2025)	0.89% (Apr 2025)	6.81 L	0.00	Small Cap	11.9
Coforge Ltd.	Computers - software & consulting	70.18	1431.5	1.18%	0.05%	1.18% (Nov 2025)	0% (Dec 2024)	7.50 L	0.00	Other	23.92
Mphasis Ltd.	Computers - software & consulting	70.18	1419	1.17%	0.07%	1.17% (Nov 2025)	0.17% (May 2025)	5.05 L	37.50 k	Mid Cap	7.44
Newgen Software Technologies Ltd.	It enabled services	6.92	1363.1	1.13%	-0.15%	2.02% (Dec 2024)	1.13% (Nov 2025)	15.47 L	0.00	Small Cap	11.9
- Birlasoft Ltd.	Computers - software & consulting	70.18	1227	1.02%	0.00%	1.09% (Jan 2025)	0.97% (Feb 2025)	32.27 L	0.00	Small Cap	11.9
Zensar Technologies Ltd.	Computers - software & consulting	70.18	1200.4	0.99%	-0.09%	1.13% (May 2025)	0.75% (Dec 2024)	16.01 L	0.00	Small Cap	11.9
eClerx Services Ltd.	Business process outsourcing (bpo)/ knowledge process outsourcing (kpo)	0.91	1094.2	0.91%	-0.05%	0.96% (Oct 2025)	0.55% (Apr 2025)	2.40 L	0.00	Small Cap	11.9
Tata Communications Ltd.	Telecom - cellular & fixed line services	3.45	1092.2	0.90%	-0.06%	0.96% (Oct 2025)	0.69% (Feb 2025)	6.02 L	0.00	Mid Cap	7.44
TBO TEK Ltd.	Tour, travel related services	1.65	998.6	0.83%	0.32%	0.83% (Nov 2025)	0.22% (Apr 2025)	6.04 L	2.00 L	Other	23.92
Affle India Ltd.	It enabled services	6.92	940	0.78%	-0.15%	0.98% (Sep 2025)	0.47% (Jan 2025)	5.66 L	0.00	Other	23.92
Netweb Technologies India Ltd.	Computers hardware & equipments	0.73	884.7	0.73%	-0.19%	0.92% (Oct 2025)	0.34% (Apr 2025)	2.69 L	0.00	Other	23.92
Le Travenues Technology Ltd.	Tour, travel related services	1.65	770.9	0.64%	-0.02%	0.66% (Oct 2025)	0.32% (Jan 2025)	28.88 L	0.00	Other	23.92
Delhivery Ltd.	Logistics solution provider	0.6	724.5	0.60%	-0.07%	0.69% (Aug 2025)	0% (Dec 2024)	17.00 L	0.00	Other	23.92
Rategain Travel Technologies Ltd.	Computers - software & consulting	70.18	705.2	0.58%	0.04%	0.58% (Nov 2025)	0.37% (Jun 2025)	9.93 L	0.00	Other	23.92
Hexaware Technologies Ltd.	Computers - software & consulting	70.18	565.2	0.47%	0.03%	0.47% (Nov 2025)	0% (Dec 2024)	7.47 L	0.00	Other	23.92
# Pine Labs Ltd.	Financial technology (fintech)	4.62	475.7	0.39%	0.39%	0.39% (Nov 2025)	0% (Dec 2024)	19.04 L	19.04 L	Other	23.92
L&T Technology Services Ltd.	It enabled services	6.92	466.9	0.39%	0.02%	0.46% (Jan 2025)	0.37% (Oct 2025)	1.05 L	0.00	Mid Cap	7.44
KPIT Technologies Ltd.	Computers - software & consulting	70.18	405.1	0.34%	0.01%	0.39% (Mar 2025)	0.32% (Sep 2025)	3.31 L	0.00	Other	23.92
Redington Ltd.	Trading & distributors	0.32	388.8	0.32%	0.02%	0.37% (Jun 2025)	0.21% (Dec 2024)	13.83 L	0.00	Small Cap	11.9
# Billionbrains Garage Ventures Ltd.	Stockbroking & allied	0.26	317.8	0.26%	0.26%	0.26% (Nov 2025)	0% (Dec 2024)	20.00 L	20.00 L	Other	23.92
# Physicswallah Ltd.	E-retail/ e-commerce	8.72	286.4	0.24%	0.24%	0.24% (Nov 2025)	0% (Dec 2024)	22.94 L	22.94 L	Other	23.92
# One 97 Communications Ltd.	Financial technology (fintech)	4.62	253.4	0.21%	0.21%	0.21% (Nov 2025)	0% (Dec 2024)	1.92 L	1.92 L	Other	23.92
Yatra Online Ltd.	Tour, travel related services	1.65	212.1	0.18%	-0.03%	0.26% (Aug 2025)	0.13% (Feb 2025)	12.22 L	-5.00 L	Other	23.92
- Quick Heal Technologies Ltd.	Computers - software & consulting	70.18	130.7	0.11%	0.00%	0.16% (Jan 2025)	0% (Dec 2024)	4.25 L	0.00	Small Cap	11.9
Info Edge (India) Ltd.	Internet & catalogue retail		1170.4	0.00%	-0.99%	-	-	-	-	Other	23.92

- 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
# Physicswallah Ltd.	E-retail/ e-commerce	286.4	0.24%	0.24%	0.24% (Nov 2025)	0% (Dec 2024)	22.94 L	2293517
# Pine Labs Ltd.	Financial technology (fintech)	475.7	0.39%	0.39%	0.39% (Nov 2025)	0% (Dec 2024)	19.04 L	1904412
# One 97 Communications Ltd.	Financial technology (fintech)	253.4	0.21%	0.21%	0.21% (Nov 2025)	0% (Dec 2024)	1.92 L	191912
# Billionbrains Garage Ventures Ltd.	Stockbroking & allied	317.8	0.26%	0.26%	0.26% (Nov 2025)	0% (Dec 2024)	20.00 L	2000100

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	1170.4	0.00%	-0.99%	1.14% (Dec 2024)	0% (Dec 2024)	0.00	-849150

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
Infosys Ltd.	18.91%	18.41%	18.85%	18.69%	19.22%	19.21%	18.93%	19.27%	19.83%	18.95%	18.29%	16.72%	16.92%
Tata Consultancy Services Ltd.	11.20%	11.19%	11.60%	12.05%	11.88%	12.75%	12.26%	12.94%	13.57%	12.52%	13.12%	11.46%	12.24%
Tech Mahindra Ltd.	8.97%	8.63%	8.93%	9.19%	9.09%	9.87%	9.62%	9.73%	9.22%	9.61%	9.60%	9.41%	9.67%
Eternal Ltd.	5.45%	5.92%	6.38%	7.08%	6.95%	6.29%	5.93%	12.24%	10.66%	-	-	-	-
Zomato Ltd.	-	-	-	-	-	-	-	-	-	5.83%	5.14%	6.23%	6.42%
Wipro Ltd.	6.77%	6.69%	7.01%	7.10%	7.08%	7.14%	7.00%	7.17%	7.82%	8.22%	8.20%	7.63%	7.48%
HCL Technologies Limited	6.70%	6.51%	6.16%	6.29%	6.36%	7.05%	6.98%	7.08%	7.22%	7.09%	6.90%	7.37%	7.28%
LTIMindtree Ltd.	4.98%	4.76%	4.55%	4.40%	4.39%	4.30%	4.28%	4.11%	4.04%	4.17%	4.69%	4.26%	4.82%
Persistent Systems Ltd.	3.99%	3.81%	3.27%	3.50%	3.41%	3.75%	3.66%	3.66%	3.81%	3.64%	3.67%	3.78%	3.54%
Firstsource Solutions Ltd.	2.90%	3.04%	2.97%	3.08%	3.01%	3.10%	3.22%	3.12%	3.13%	3.16%	2.72%	2.94%	2.93%
PB Fintech Ltd.	4.02%	4.04%	4.06%	2.15%	2.21%	2.09%	2.11%	2.06%	2.02%	1.85%	1.94%	2.20%	2.02%
Bharti Airtel Ltd.	2.55%	2.56%	2.46%	2.41%	2.45%	2.42%	2.33%	2.48%	2.32%	2.08%	1.92%	1.80%	1.89%
Cyient Ltd.	1.72%	1.83%	1.90%	1.88%	1.94%	1.96%	2.14%	2.00%	2.13%	2.12%	2.16%	2.31%	2.39%
Sonata Software Ltd.	1.55%	1.64%	1.61%	1.59%	1.78%	1.75%	1.83%	2.00%	1.64%	1.70%	2.18%	2.37%	2.53%
BSE Ltd.	-	-	-	-	1.43%	1.96%	1.98%	2.34%	2.02%	1.70%	1.73%	1.67%	1.50%