Tata Ethical Fund - Regular 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 : 15.38%. Category average turnover ratio is 96.83%. 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 : 91.78% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 91.78%

No of Stocks : 63 (Category Avg - 44.17) | Large Cap Investments : 42.79%| Mid Cap Investments : 31.23% | Small Cap Investments : 5.59% | Other : 12.17%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	63	43.41
Top 5 Stock Weight	21.93%	32.46%
Top 10 Stock Weight	35.49%	49.59%
Top 3 Sector Weight	37.01%	43.5%

Category - Sectoral/Thematic

Particulars	This Scheme	Category
Average mcap (Cr)	107433.85	72450.77
Holdings in large cap stocks	42.79%	37.14%
Holdings in mid cap stocks	31.23%	14.47%
Holdings in small cap stocks	5.59%	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
Infosys Ltd.	Computers - software & consulting	2371.7	6.41%	0.03%	6.53% (Aug 2025)	0% (Nov 2024)	16.00 L	0.00
Tata Consultancy Services Ltd.	Computers - software & consulting	2072.2	5.60%	0.19%	6.55% (Jun 2025)	5.41% (Sep 2025)	6.78 L	0.00
Hindustan Unilever Ltd.	Diversified fmcg	1402.9	3.79%	-0.17%	4.32% (Nov 2024)	3.65% (Jun 2025)	5.69 L	0.00
Cummins India Ltd.	Compressors, pumps & diesel engines	1138.2	3.08%	0.24%	3.08% (Oct 2025)	2.28% (Apr 2025)	2.62 L	0.00
HCL Technologies Limited	Computers - software & consulting	1128.4	3.05%	0.25%	4.26% (Dec 2024)	2.8% (Sep 2025)	7.32 L	0.00
SRF Ltd.	Specialty chemicals	1067.2	2.89%	0.05%	3.42% (Feb 2025)	2.48% (Dec 2024)	3.64 L	0.00
Tech Mahindra Ltd.	Computers - software & consulting	1046.9	2.83%	0.95%	2.83% (Oct 2025)	1.88% (Sep 2025)	7.35 L	2.50 L
Ultratech Cement Ltd.	Cement & cement products	981.2	2.65%	-0.13%	2.94% (Mar 2025)	2.65% (Oct 2025)	82.13 k	0.00
Jindal Steel Ltd.	Iron & steel products	960.1	2.60%	0.83%	2.6% (Oct 2025)	0% (Nov 2024)	9.00 L	3.00 L
Hero Motocorp Ltd.	2/3 wheelers	958.6	2.59%	-0.03%	2.62% (Sep 2025)	0.83% (Dec 2024)	1.73 L	0.00

- 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

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
Infosys Ltd.	Computers - software & consulting	22.05	2371.7	6.41%	0.03%	6.53% (Aug 2025)	0% (Nov 2024)	16.00 L	0.00	Large Cap	42.79
Tata Consultancy Services Ltd.	Computers - software & consulting	22.05	2072.2	5.60%	0.19%	6.55% (Jun 2025)	5.41% (Sep 2025)	6.78 L	0.00	Large Cap	42.79
Hindustan Unilever Ltd.	Diversified fmcg	3.79	1402.9	3.79%	-0.17%	4.32% (Nov 2024)	3.65% (Jun 2025)	5.69 L	0.00	Large Cap	42.79
Cummins India Ltd.	Compressors, pumps & diesel engines	3.08	1138.2	3.08%	0.24%	3.08% (Oct 2025)	2.28% (Apr 2025)	2.62 L	0.00	Mid Cap	31.23
HCL Technologies Limited	Computers - software & consulting	22.05	1128.4	3.05%	0.25%	4.26% (Dec 2024)	2.8% (Sep 2025)	7.32 L	0.00	Large Cap	42.79
SRF Ltd.	Specialty chemicals	2.89	1067.2	2.89%	0.05%	3.42% (Feb 2025)	2.48% (Dec 2024)	3.64 L	0.00	Mid Cap	31.23
Tech Mahindra Ltd.	Computers - software & consulting	22.05	1046.9	2.83%	0.95%	2.83% (Oct 2025)	1.88% (Sep 2025)	7.35 L	2.50 L	Large Cap	42.79
Ultratech Cement Ltd.	Cement & cement products	2.65	981.2	2.65%	-0.13%	2.94% (Mar 2025)	2.65% (Oct 2025)	82.13 k	0.00	Large Cap	42.79
Jindal Steel Ltd.	Iron & steel products	2.6	960.1	2.60%	0.83%	2.6% (Oct 2025)	0% (Nov 2024)	9.00 L	3.00 L	Mid Cap	31.23
Hero Motocorp Ltd.	2/3 wheelers	2.59	958.6	2.59%	-0.03%	2.62% (Sep 2025)	0.83% (Dec 2024)	1.73 L	0.00	Large Cap	42.79
Bharat Petroleum Corporation Ltd.	Refineries & marketing	2.51	927.7	2.51%	0.07%	3.25% (Apr 2025)	1.78% (Nov 2024)	26.00 L	0.00	Large Cap	42.79
Alkem Laboratories Ltd.	Pharmaceuticals	8.98	826.8	2.24%	-0.01%	2.3% (Apr 2025)	1.95% (Jan 2025)	1.50 L	0.00	Mid Cap	31.23
Fortis Healthcare Ltd.	Hospital	2.21	818.4	2.21%	0.06%	2.21% (Oct 2025)	1.57% (Jan 2025)	8.00 L	0.00	Other	12.17
Dr. Reddys Laboratories Ltd.	Pharmaceuticals	8.98	706.6	1.91%	-0.09%	2.49% (Dec 2024)	1.91% (Oct 2025)	5.90 L	0.00	Other	12.17
Hindalco Industries Ltd.	Aluminium	1.83	678.3	1.83%	0.14%	1.83% (Oct 2025)	0% (Nov 2024)	8.00 L	0.00	Large Cap	42.79
Bharat Heavy Electricals Ltd.	Heavy electrical equipment	1.83	677	1.83%	0.15%	1.92% (May 2025)	1.23% (Feb 2025)	25.50 L	0.00	Mid Cap	31.23
Cipla Ltd.	Pharmaceuticals	8.98	653.1	1.77%	-0.04%	2.05% (Feb 2025)	1.77% (Oct 2025)	4.35 L	0.00	Large Cap	42.79
Tata Chemicals Ltd.	Commodity chemicals	1.57	581.5	1.57%	-0.09%	1.8% (Jul 2025)	1.12% (Dec 2024)	6.53 L	0.00	Mid Cap	31.23
Indraprastha Gas Ltd.	Lpg/cng/png/lng supplier	2.52	571	1.54%	-0.01%	1.7% (Mar 2025)	0% (Nov 2024)	26.94 L	0.00	Mid Cap	31.23
Crompton Greaves Consumer Electricals Ltd.	Household appliances	2.61	528.7	1.43%	-0.08%	1.51% (Sep 2025)	0% (Nov 2024)	18.70 L	0.00	Mid Cap	31.23
Endurance Technologies Ltd.	Auto components & equipments	5.98	508.8	1.38%	0.02%	1.43% (Aug 2025)	1.01% (Apr 2025)	1.79 L	0.00	Mid Cap	31.23
Havells India Ltd.	Consumer electronics	1.42	495.5	1.34%	-0.04%	1.73% (Nov 2024)	1.34% (Oct 2025)	3.32 L	0.00	Large Cap	42.79
Patanjali Foods Ltd.	Edible oil	1.33	491.2	1.33%	0.03%	1.54% (Feb 2025)	1.2% (Jun 2025)	8.15 L	0.00	Other	12.17
Mphasis Ltd.	Computers - software & consulting	22.05	470	1.27%	0.02%	1.54% (Nov 2024)	1.25% (Sep 2025)	1.70 L	0.00	Mid Cap	31.23
Motherson Sumi Wiring India Ltd.	Auto components & equipments	5.98	453.3	1.23%	0.02%	1.23% (Oct 2025)	0.84% (Dec 2024)	96.01 L	0.00	Other	12.17
Birlasoft Ltd.	Computers - software & consulting	22.05	445.9	1.21%	0.04%	1.53% (Nov 2024)	0.98% (May 2025)	12.00 L	0.00	Small Cap	5.59
- Voltas Limited	Household appliances	2.61	437.6	1.18%	0.00%	1.63% (Dec 2024)	0.42% (May 2025)	3.16 L	0.00	Mid Cap	31.23
Asian Paints (india) Ltd.	Paints	1.17	431.9	1.17%	0.05%	1.25% (Apr 2025)	0.57% (Dec 2024)	1.72 L	0.00	Large Cap	42.79
Godrej Consumer Products Ltd	Personal care	2.83	430.7	1.16%	-0.08%	1.46% (Apr 2025)	1.16% (Oct 2025)	3.85 L	0.00	Large Cap	42.79
Gujarat State Fertilizers & Chemicals Ltd.	Fertilizers	1.15	424.6	1.15%	-0.06%	1.52% (Nov 2024)	1.15% (Oct 2025)	22.26 L	0.00	Small Cap	5.59
Syngene International Ltd.	Healthcare research, analytics & technology	1.11	410.3	1.11%	0.02%	1.52% (Nov 2024)	1.09% (Sep 2025)	6.31 L	0.00	Mid Cap	31.23
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	8.98	408.5	1.10%	0.03%	1.38% (Dec 2024)	1.07% (Sep 2025)	2.42 L	0.00	Large Cap	42.79
MRF Ltd.	Tyres & rubber products	1.04	385.9	1.04%	0.05%	1.04% (Oct 2025)	0.68% (Jan 2025)	2.45 k	0.00	Mid Cap	31.23
Page Industries Ltd.	Garments & apparels	1	370.8	1.00%	-0.01%	1.3% (Dec 2024)	1% (Oct 2025)	9.00 k	0.00	Mid Cap	31.23
LTIMindtree Ltd.	Computers - software & consulting	22.05	369.5	1.00%	0.07%	1.22% (Nov 2024)	0.89% (Apr 2025)	65.00 k	0.00	Mid Cap	31.23
Ipca Laboratories Ltd.	Pharmaceuticals	8.98	368.2	1.00%	-0.07%	1.49% (Dec 2024)	1% (Oct 2025)	2.90 L	0.00	Other	12.17
Petronet LNG Ltd.	Lpg/cng/png/lng supplier	2.52	363.7	0.98%	-0.02%	1.36% (Dec 2024)	0.97% (Aug 2025)	12.93 L	0.00	Large Cap	42.79
UNO Minda Ltd.	Auto components & equipments	5.98	360.8	0.98%	-0.07%	1.05% (Sep 2025)	0.78% (Apr 2025)	2.92 L	0.00	Small Cap	5.59
Carborundum Universal Ltd.	Abrasives & bearings	0.94	349.4	0.94%	-0.05%	1.72% (Nov 2024)	0.94% (Oct 2025)	3.88 L	0.00	Small Cap	5.59
Motherson Sumi Systems Ltd.	Auto components & equipments	5.98	342.5	0.93%	-0.02%	0.95% (Sep 2025)	0% (Nov 2024)	32.50 L	0.00	Large Cap	42.79
GAIL (India) Ltd.	Gas transmission/marketing	2.42	338.1	0.91%	0.01%	1.12% (Nov 2024)	0.89% (Aug 2025)	18.50 L	0.00	Large Cap	42.79
Gujarat State Petronet Ltd.	Gas transmission/marketing	2.42	322	0.87%	-0.02%	1.14% (Dec 2024)	0.84% (Aug 2025)	10.40 L	0.00	Mid Cap	31.23
Emami Ltd.	Personal care	2.83	320.6	0.87%	-0.02%	1.25% (Nov 2024)	0.87% (Oct 2025)	6.00 L	0.00	Mid Cap	31.23
Avenue Supermarts Ltd.	Diversified retail	0.82	303.2	0.82%	-0.08%	0.96% (Aug 2025)	0.79% (Dec 2024)	73.00 k	0.00	Large Cap	42.79
Tata Consumer Products Ltd.	Tea & coffee	0.82	302.5	0.82%	0.01%	0.91% (Apr 2025)	0.72% (Dec 2024)	2.60 L	0.00	Mid Cap	31.23
Sundram Fasteners Ltd.	Auto components & equipments	5.98	296.2	0.80%	-0.06%	1% (Jan 2025)	0.52% (Dec 2024)	3.12 L	0.00	Mid Cap	31.23
Colgate - Palmolive (India) Limited	Personal care	2.83	296.1	0.80%	-0.01%	1.16% (Nov 2024)	0.8% (Oct 2025)	1.32 L	0.00	Large Cap	42.79
Nestle India Ltd.	Packaged foods	0.79	292.5	0.79%	0.06%	0.84% (Feb 2025)	0.72% (Jul 2025)	2.30 L	0.00	Other	12.17
Cyient Ltd.	It enabled services	0.71	262.3	0.71%	-0.01%	1.27% (Nov 2024)	0.71% (Oct 2025)	2.26 L	0.00	Small Cap	5.59
KPIT Technologies Ltd.	Computers - software & consulting	22.05	252.1	0.68%	0.02%	0.96% (Dec 2024)	0.66% (Sep 2025)	2.16 L	0.00	Other	12.17
J.b. Chemicals & Pharmaceuticals Ltd.	Pharmaceuticals	8.98	247.3	0.67%	-0.03%	0.82% (Dec 2024)	0.67% (Oct 2025)	1.47 L	0.00	Other	12.17
Schaeffler India Ltd.	Auto components & equipments	5.98	245.3	0.66%	-0.05%	0.74% (May 2025)	0.63% (Feb 2025)	61.00 k	0.00	Other	12.17
Supreme Industries Ltd.	Plastic products - industrial	1.25	240.2	0.65%	-0.09%	0.9% (Dec 2024)	0.65% (Oct 2025)	63.00 k	0.00	Mid Cap	31.23
Gujarat Gas Ltd.	Gas transmission/marketing	2.42	236.3	0.64%	-0.05%	0.88% (Dec 2024)	0.64% (Oct 2025)	5.80 L	0.00	Other	12.17
Castrol (india) Ltd.	Lubricants	0.62	228.5	0.62%	-0.03%	0.84% (Feb 2025)	0.62% (Oct 2025)	11.72 L	0.00	Mid Cap	31.23
Arvind Fashions Ltd.	Speciality retail	0.61	226.9	0.61%	-0.05%	0.78% (Nov 2024)	0.52% (Mar 2025)	4.51 L	0.00	Other	12.17
Astral Ltd.	Plastic products - industrial	1.25	223	0.60%	0.02%	0.71% (Jan 2025)	0.57% (Dec 2024)	1.54 L	0.00	Mid Cap	31.23
Linde India Ltd.	Industrial gases	0.6	220.4	0.60%	-0.03%	0.8% (May 2025)	0.6% (Oct 2025)	36.65 k	0.00	Small Cap	5.59
# Tata Motors Ltd.	Passenger cars & utility vehicles	0.55	205	0.55%	0.55%	0.55% (Oct 2025)	0% (Nov 2024)	5.00 L	5.00 L	Large Cap	42.79
3M India Ltd.	Diversified	0.55	205	0.55%	-0.01%	0.64% (Nov 2024)	0.55% (Jun 2025)	6.93 k	0.00	Mid Cap	31.23
# TML Commercial Vehicles Ltd.	Commercial vehicles	0.36	132.7	0.36%	0.36%	0.36% (Oct 2025)	0% (Nov 2024)	5.00 L	5.00 L	Other	12.17
- Sanofi India Ltd.	Pharmaceuticals	8.98	106.6	0.29%	0.00%	0.43% (Nov 2024)	0.29% (Sep 2025)	22.30 k	0.00	Mid Cap	31.23
# LG Electronics India Pvt. Ltd.	Consumer electronics	1.42	31.1	0.08%	0.08%	0.08% (Oct 2025)	0% (Nov 2024)	18.72 k	18.72 k	Other	12.17
Lupin Ltd.	Pharmaceuticals	8.98	191.1	0.00%	-0.53%	-	-	-	-	Large Cap	42.79
Oil India Ltd.	Oil exploration & production		407.4	0.00%	-1.13%	-	-	-	-	Mid Cap	31.23
Century Plyboards India Ltd.	Plywood boards/ laminates		260.2	0.00%	-0.72%	-	-	-	-	Small Cap	5.59

- 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
# TML Commercial Vehicles Ltd.	Commercial vehicles	132.7	0.36%	0.36%	0.36% (Oct 2025)	0% (Nov 2024)	5.00 L	500000
# LG Electronics India Pvt. Ltd.	Consumer electronics	31.1	0.08%	0.08%	0.08% (Oct 2025)	0% (Nov 2024)	18.72 k	18716
# Tata Motors Ltd.	Passenger cars & utility vehicles	205	0.55%	0.55%	0.55% (Oct 2025)	0% (Nov 2024)	5.00 L	500000

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
Lupin Ltd.	Pharmaceuticals	191.1	0.00%	-0.53%	1.28% (Jan 2025)	0% (Nov 2024)	-100000
Oil India Ltd.	Oil exploration & production	407.4	0.00%	-1.13%	1.47% (Nov 2024)	0% (Nov 2024)	-984401
Century Plyboards India Ltd.	Plywood boards/ laminates	260.2	0.00%	-0.72%	0.79% (Jan 2025)	0% (Nov 2024)	-320000

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
Infosys Ltd.	6.41%	6.38%	6.53%	4.22%	-	-	-	-	-	-	-	-	-
Tata Consultancy Services Ltd.	5.60%	5.41%	5.80%	5.76%	6.55%	5.59%	5.78%	5.92%	5.58%	6.04%	5.94%	6.20%	5.92%
Hindustan Unilever Ltd.	3.79%	3.96%	4.20%	4.02%	3.65%	3.87%	4.00%	4.00%	4.18%	4.32%	4.02%	4.32%	4.49%
HCL Technologies Limited	3.05%	2.80%	2.96%	3.01%	3.54%	3.47%	3.44%	3.62%	3.87%	3.88%	4.26%	4.11%	4.04%
SRF Ltd.	2.89%	2.84%	2.87%	3.10%	3.30%	3.01%	3.29%	3.33%	3.42%	3.15%	2.48%	2.51%	2.55%
Ultratech Cement Ltd.	2.65%	2.78%	2.88%	2.82%	2.78%	2.66%	2.87%	2.94%	2.79%	2.90%	2.85%	2.80%	2.84%
Bharat Petroleum Corporation Ltd.	2.51%	2.44%	2.23%	3.23%	3.25%	3.22%	3.25%	3.03%	2.79%	2.81%	2.22%	1.78%	1.46%
Siemens Ltd.	-	-	-	-	-	-	-	-	-	2.35%	2.50%	2.90%	2.75%
Cummins India Ltd.	3.08%	2.84%	2.78%	2.61%	2.49%	2.48%	2.28%	2.49%	2.39%	2.35%	2.61%	2.78%	2.86%
Jindal Steel Ltd.	2.60%	1.77%	3.16%	-	-	-	-	-	-	-	-	-	-
Jindal Steel & Power Ltd.	-	-	-	1.62%	1.58%	1.65%	1.61%	0.57%	-	-	-	-	-
Shree Cement Ltd.	-	-	-	2.51%	2.53%	2.49%	2.60%	2.76%	2.67%	2.49%	1.88%	1.91%	1.89%
Tech Mahindra Ltd.	2.83%	1.88%	2.00%	1.99%	2.29%	2.21%	2.19%	2.14%	2.42%	2.50%	2.00%	2.00%	1.93%
Dr. Reddys Laboratories Ltd.	1.91%	2.00%	2.06%	2.10%	2.12%	2.14%	2.09%	2.10%	2.21%	2.21%	2.49%	2.16%	2.35%
Alkem Laboratories Ltd.	2.24%	2.25%	2.21%	2.11%	2.07%	2.21%	2.30%	2.28%	2.00%	1.95%	2.04%	2.05%	2.15%
Cipla Ltd.	1.77%	1.81%	1.92%	1.89%	1.83%	1.84%	2.02%	1.95%	2.05%	1.98%	2.02%	2.03%	2.11%