Tata Flexi Cap 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 : Flexi Cap Fund

Portfolio Turnover Ratio : 44.50%. Category average turnover ratio is 148.82%. 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 : 91.91% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 91.91%

No of Stocks : 54 (Category Avg - 63.19) | Large Cap Investments : 56.54%| Mid Cap Investments : 10.09% | Small Cap Investments : 4.62% | Other : 20.66%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	54	62.86
Top 5 Stock Weight	22.06%	25.13%
Top 10 Stock Weight	36.94%	40.11%
Top 3 Sector Weight	34.31%	30.54%

Category - Flexi Cap Fund

Particulars	This Scheme	Category
Average mcap (Cr)	132870.90	90047.83
Holdings in large cap stocks	56.54%	39.52%
Holdings in mid cap stocks	10.09%	12.99%
Holdings in small cap stocks	4.62%	11.31%

Category - Flexi Cap Fund

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	2567	7.10%	-0.01%	9.82% (Feb 2025)	7.1% (Oct 2025)	26.00 L	0.00
Reliance Industries Ltd.	Refineries & marketing	1486.4	4.11%	0.19%	4.72% (Apr 2025)	3.91% (Nov 2024)	10.00 L	0.00
Kotak Mahindra Bank Ltd.	Private sector bank	1408.5	3.89%	0.05%	4.39% (Mar 2025)	3.56% (Nov 2024)	6.70 L	0.00
Axis Bank Ltd.	Private sector bank	1356.1	3.75%	0.17%	3.98% (Apr 2025)	3.39% (Aug 2025)	11.00 L	0.00
Larsen & Toubro Ltd.	Civil construction	1162.2	3.21%	0.47%	3.21% (Oct 2025)	2% (Nov 2024)	2.88 L	28.32 k
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	1133	3.13%	-0.10%	3.5% (Feb 2025)	2.9% (Jun 2025)	70.00 k	0.00
Infosys Ltd.	Computers - software & consulting	1111.7	3.07%	-0.04%	3.25% (Aug 2025)	0% (Nov 2024)	7.50 L	0.00
- Bajaj Finserv Ltd	Holding company	1085.9	3.00%	0.00%	3% (Oct 2025)	0% (Nov 2024)	5.20 L	0.00
ITC Limited	Diversified fmcg	1050.9	2.90%	0.01%	3.02% (Aug 2025)	2.31% (May 2025)	25.00 L	0.00
Ambuja Cements Ltd.	Cement & cement products	1007.1	2.78%	0.32%	2.78% (Oct 2025)	0% (Nov 2024)	17.81 L	2.81 L

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

View complete holding

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

None
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
HDFC Bank Ltd.	Private sector bank	18.85	2567	7.10%	-0.01%	9.82% (Feb 2025)	7.1% (Oct 2025)	26.00 L	0.00	Other	20.66
Reliance Industries Ltd.	Refineries & marketing	4.11	1486.4	4.11%	0.19%	4.72% (Apr 2025)	3.91% (Nov 2024)	10.00 L	0.00	Large Cap	56.54
Kotak Mahindra Bank Ltd.	Private sector bank	18.85	1408.5	3.89%	0.05%	4.39% (Mar 2025)	3.56% (Nov 2024)	6.70 L	0.00	Large Cap	56.54
Axis Bank Ltd.	Private sector bank	18.85	1356.1	3.75%	0.17%	3.98% (Apr 2025)	3.39% (Aug 2025)	11.00 L	0.00	Large Cap	56.54
Larsen & Toubro Ltd.	Civil construction	4.26	1162.2	3.21%	0.47%	3.21% (Oct 2025)	2% (Nov 2024)	2.88 L	28.32 k	Large Cap	56.54
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	3.13	1133	3.13%	-0.10%	3.5% (Feb 2025)	2.9% (Jun 2025)	70.00 k	0.00	Large Cap	56.54
Infosys Ltd.	Computers - software & consulting	9.37	1111.7	3.07%	-0.04%	3.25% (Aug 2025)	0% (Nov 2024)	7.50 L	0.00	Large Cap	56.54
- Bajaj Finserv Ltd	Holding company	3	1085.9	3.00%	0.00%	3% (Oct 2025)	0% (Nov 2024)	5.20 L	0.00	Other	20.66
ITC Limited	Diversified fmcg	2.9	1050.9	2.90%	0.01%	3.02% (Aug 2025)	2.31% (May 2025)	25.00 L	0.00	Large Cap	56.54
Ambuja Cements Ltd.	Cement & cement products	6.09	1007.1	2.78%	0.32%	2.78% (Oct 2025)	0% (Nov 2024)	17.81 L	2.81 L	Large Cap	56.54
Tata Consultancy Services Ltd.	Computers - software & consulting	9.37	948	2.62%	0.04%	2.82% (Aug 2025)	2.02% (May 2025)	3.10 L	0.00	Large Cap	56.54
Tech Mahindra Ltd.	Computers - software & consulting	9.37	897.4	2.48%	-0.06%	2.54% (Sep 2025)	1.79% (Mar 2025)	6.30 L	0.00	Large Cap	56.54
Avenue Supermarts Ltd.	Diversified retail	2.3	830.7	2.30%	-0.27%	2.8% (Aug 2025)	1.68% (Nov 2024)	2.00 L	0.00	Large Cap	56.54
ICICI Bank Ltd.	Private sector bank	18.85	739.9	2.05%	-0.08%	3.53% (Dec 2024)	2.05% (Oct 2025)	5.50 L	0.00	Large Cap	56.54
# Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	3.92	718.3	1.99%	1.99%	1.99% (Oct 2025)	0% (Nov 2024)	4.25 L	4.25 L	Large Cap	56.54
SBI Cards and Payment Services Ltd.	Non banking financial company (nbfc)	1.94	702.9	1.94%	-0.08%	2.87% (Feb 2025)	1.89% (Aug 2025)	8.00 L	0.00	Other	20.66
Apollo Hospitals Enterprises Ltd.	Hospital	1.91	691.3	1.91%	-0.01%	2.14% (Dec 2024)	1.9% (May 2025)	90.00 k	0.00	Mid Cap	10.09
Godrej Consumer Products Ltd	Personal care	2.99	581.7	1.61%	-0.14%	2.1% (Apr 2025)	1.61% (Oct 2025)	5.20 L	0.00	Large Cap	56.54
PNB Housing Finance Ltd.	Housing finance company	2.68	557.2	1.54%	0.05%	2.26% (Apr 2025)	1.33% (Aug 2025)	6.00 L	0.00	Mid Cap	10.09
Pfizer Ltd.	Pharmaceuticals	3.92	517.4	1.43%	-0.01%	1.71% (May 2025)	1.21% (Mar 2025)	99.33 k	0.00	Mid Cap	10.09
J S W Steel Ltd.	Iron & steel products	2.47	511.1	1.41%	-0.20%	1.75% (Mar 2025)	1.37% (Nov 2024)	4.24 L	-0.65 L	Large Cap	56.54
# National Thermal Power Corporation Ltd.	Power generation	1.4	506.4	1.40%	1.40%	1.4% (Oct 2025)	0% (Nov 2024)	15.03 L	15.03 L	Large Cap	56.54
Britannia Industries Ltd.	Packaged foods	1.39	504.1	1.39%	-0.10%	1.49% (Sep 2025)	0% (Nov 2024)	86.37 k	0.00	Large Cap	56.54
Asian Paints (india) Ltd.	Paints	1.39	502.2	1.39%	0.04%	1.48% (Aug 2025)	0.83% (May 2025)	2.00 L	0.00	Large Cap	56.54
Dabur India Ltd.	Personal care	2.99	498.1	1.38%	0.04%	1.48% (Jul 2025)	0.96% (May 2025)	10.22 L	71.57 k	Large Cap	56.54
Swiggy Ltd.	E-retail/ e-commerce	1.36	491.9	1.36%	-0.10%	1.46% (Sep 2025)	0% (Nov 2024)	12.00 L	0.00	Other	20.66
The Ramco Cements Ltd.	Cement & cement products	6.09	490.9	1.36%	0.03%	1.63% (Jul 2025)	1.33% (Sep 2025)	4.70 L	0.00	Mid Cap	10.09
Motherson Sumi Systems Ltd.	Auto components & equipments	1.31	474.3	1.31%	-0.06%	1.41% (May 2025)	0% (Nov 2024)	45.00 L	0.00	Large Cap	56.54
Adani Ports And Special Economic Zone Ltd.	Port & port services	1.3	471.7	1.30%	0.09%	1.32% (May 2025)	1.14% (Jan 2025)	3.25 L	25.00 k	Large Cap	56.54
Metro Brands Ltd.	Footwear	1.25	451.5	1.25%	-0.23%	1.65% (Dec 2024)	1.25% (Oct 2025)	4.00 L	0.00	Other	20.66
# SBI Life Insurance Co Ltd.	Life insurance	1.24	449.8	1.24%	1.24%	1.24% (Oct 2025)	0% (Nov 2024)	2.30 L	2.30 L	Large Cap	56.54
- GO Digit General Insurance Ltd.	General insurance	1.24	448.3	1.24%	0.00%	1.37% (Jul 2025)	1.14% (Apr 2025)	12.50 L	0.00	Other	20.66
Wipro Ltd.	Computers - software & consulting	9.37	433.2	1.20%	-0.04%	1.32% (Aug 2025)	0% (Nov 2024)	18.00 L	0.00	Large Cap	56.54
Nuvoco Vistas Corporation Ltd.	Cement & cement products	6.09	427.8	1.18%	-0.08%	1.4% (Aug 2025)	1.06% (Apr 2025)	10.32 L	-8.30 k	Other	20.66
Indus Towers Ltd.	Telecom - infrastructure	1.15	415.2	1.15%	0.02%	1.49% (Apr 2025)	1.13% (Sep 2025)	11.42 L	0.00	Large Cap	56.54
Aptus Value Housing Finance India Ltd.	Housing finance company	2.68	412.9	1.14%	-0.06%	1.2% (Sep 2025)	0.89% (Jun 2025)	13.00 L	0.00	Other	20.66
Bandhan Bank Ltd.	Private sector bank	18.85	407.1	1.13%	-0.08%	1.29% (Jul 2025)	1.04% (Dec 2024)	26.00 L	0.00	Large Cap	56.54
# Pidilite Industries Ltd.	Specialty chemicals	1.08	392	1.08%	1.08%	1.08% (Oct 2025)	0% (Nov 2024)	2.71 L	2.71 L	Large Cap	56.54
Jindal Steel Ltd.	Iron & steel products	2.47	384.1	1.06%	-0.04%	1.1% (Sep 2025)	0% (Nov 2024)	3.60 L	0.00	Mid Cap	10.09
G R Infraprojects Ltd.	Civil construction	4.26	379.1	1.05%	-0.09%	1.79% (Nov 2024)	1.05% (Oct 2025)	3.25 L	0.00	Other	20.66
# Sobha Ltd.	Residential, commercial projects	2.74	364.2	1.01%	1.01%	1.01% (Oct 2025)	0% (Nov 2024)	2.25 L	2.25 L	Small Cap	4.62
Bharat Forge Ltd.	Castings & forgings	0.99	357.7	0.99%	0.05%	0.99% (Oct 2025)	0% (Nov 2024)	2.70 L	0.00	Mid Cap	10.09
Mahindra Lifespace Developers Ltd.	Residential, commercial projects	2.74	341.5	0.94%	0.04%	1.07% (Nov 2024)	0.65% (Mar 2025)	8.85 L	0.00	Small Cap	4.62
Indusind Bank Ltd.	Private sector bank	18.85	337.8	0.93%	0.03%	1.36% (Feb 2025)	0.82% (Aug 2025)	4.25 L	0.00	Large Cap	56.54
Westlife Development Ltd.	Restaurants	0.9	326.3	0.90%	-0.19%	1.37% (Feb 2025)	0.9% (Oct 2025)	5.50 L	0.00	Small Cap	4.62
Greenpanel Industries Ltd.	Plywood boards/ laminates	0.9	324.5	0.90%	-0.08%	1.02% (Jul 2025)	0% (Nov 2024)	11.39 L	-1.23 L	Other	20.66
# Phoenix Mills Ltd.	Residential, commercial projects	2.74	284.1	0.79%	0.79%	0.79% (Oct 2025)	0% (Nov 2024)	1.69 L	1.69 L	Small Cap	4.62
# Oil India Ltd.	Oil exploration & production	0.78	282.9	0.78%	0.78%	0.78% (Oct 2025)	0% (Nov 2024)	6.53 L	6.53 L	Mid Cap	10.09
J.K. Cement Ltd.	Cement & cement products	6.09	279.6	0.77%	-0.59%	1.8% (Jun 2025)	0.77% (Oct 2025)	45.00 k	-0.30 L	Small Cap	4.62
# Pi Industries Ltd.	Pesticides & agrochemicals	0.54	196.8	0.54%	0.54%	0.54% (Oct 2025)	0% (Nov 2024)	55.00 k	55.00 k	Mid Cap	10.09
Piramal Pharma Ltd.	Pharmaceuticals	3.92	179.7	0.50%	0.01%	2.61% (Dec 2024)	0.49% (Sep 2025)	9.00 L	0.00	Other	20.66
# Page Industries Ltd.	Garments & apparels	0.48	172.1	0.48%	0.48%	0.48% (Oct 2025)	0% (Nov 2024)	4.18 k	4.18 k	Mid Cap	10.09
Hindalco Industries Ltd.	Aluminium	0.34	122	0.34%	-0.98%	1.32% (Sep 2025)	0% (Nov 2024)	1.44 L	-4.56 L	Large Cap	56.54
# Orient Electric Ltd.	Consumer electronics	0.21	74.7	0.21%	0.21%	0.21% (Oct 2025)	0% (Nov 2024)	3.58 L	3.58 L	Small Cap	4.62
Ashok Leyland Ltd.	Commercial vehicles		499.4	0.00%	-1.44%	-	-	-	-	Mid Cap	10.09
Associated Cement Companies Ltd.	Cement & cement products	6.09	192.7	0.00%	-0.55%	-	-	-	-	Mid Cap	10.09
Multi Commodity Exchange Of India Ltd.	Exchange and data platform		467.8	0.00%	-1.35%	-	-	-	-	Small Cap	4.62
FSN E-Commerce Ventures Ltd.	E-retail/ e-commerce	1.36	750.7	0.00%	-2.16%	-	-	-	-	Other	20.66
SpiceJet Ltd.	Airline		70.9	0.00%	-0.20%	-	-	-	-	Small Cap	4.62
Nestle India Ltd.	Packaged foods	1.39	530.3	0.00%	-1.53%	-	-	-	-	Other	20.66
Escorts Ltd.	Tractors		482.5	0.00%	-1.39%	-	-	-	-	Small Cap	4.62
Home First Finance Company India Ltd.	Housing finance company	2.68	401.3	0.00%	-1.15%	-	-	-	-	Other	20.66
RBL Bank Ltd.	Private sector bank	18.85	512.9	0.00%	-1.48%	-	-	-	-	Mid Cap	10.09

- 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
# Pidilite Industries Ltd.	Specialty chemicals	392	1.08%	1.08%	1.08% (Oct 2025)	0% (Nov 2024)	2.71 L	271354
# Page Industries Ltd.	Garments & apparels	172.1	0.48%	0.48%	0.48% (Oct 2025)	0% (Nov 2024)	4.18 k	4177
# SBI Life Insurance Co Ltd.	Life insurance	449.8	1.24%	1.24%	1.24% (Oct 2025)	0% (Nov 2024)	2.30 L	230000
# Phoenix Mills Ltd.	Residential, commercial projects	284.1	0.79%	0.79%	0.79% (Oct 2025)	0% (Nov 2024)	1.69 L	168841
# Pi Industries Ltd.	Pesticides & agrochemicals	196.8	0.54%	0.54%	0.54% (Oct 2025)	0% (Nov 2024)	55.00 k	55000
# Sobha Ltd.	Residential, commercial projects	364.2	1.01%	1.01%	1.01% (Oct 2025)	0% (Nov 2024)	2.25 L	225000
# Oil India Ltd.	Oil exploration & production	282.9	0.78%	0.78%	0.78% (Oct 2025)	0% (Nov 2024)	6.53 L	652852
# National Thermal Power Corporation Ltd.	Power generation	506.4	1.40%	1.40%	1.4% (Oct 2025)	0% (Nov 2024)	15.03 L	1503000
# Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	718.3	1.99%	1.99%	1.99% (Oct 2025)	0% (Nov 2024)	4.25 L	424836
# Orient Electric Ltd.	Consumer electronics	74.7	0.21%	0.21%	0.21% (Oct 2025)	0% (Nov 2024)	3.58 L	357741

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
Ashok Leyland Ltd.	Commercial vehicles	499.4	0.00%	-1.44%	1.44% (Sep 2025)	0% (Nov 2024)	-3500000
Associated Cement Companies Ltd.	Cement & cement products	192.7	0.00%	-0.55%	1.49% (Nov 2024)	0% (Nov 2024)	-105605
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	467.8	0.00%	-1.35%	2.15% (Dec 2024)	0% (Nov 2024)	-60000
FSN E-Commerce Ventures Ltd.	E-retail/ e-commerce	750.7	0.00%	-2.16%	2.19% (Aug 2025)	0% (Nov 2024)	-3230672
SpiceJet Ltd.	Airline	70.9	0.00%	-0.20%	0.51% (Nov 2024)	0% (Nov 2024)	-2435065
Nestle India Ltd.	Packaged foods	530.3	0.00%	-1.53%	1.57% (Aug 2025)	0% (Nov 2024)	-460000
Escorts Ltd.	Tractors	482.5	0.00%	-1.39%	1.76% (Jan 2025)	0% (Nov 2024)	-140000
Home First Finance Company India Ltd.	Housing finance company	401.3	0.00%	-1.15%	1.61% (Jun 2025)	0% (Nov 2024)	-330000
RBL Bank Ltd.	Private sector bank	512.9	0.00%	-1.48%	1.48% (Sep 2025)	0% (Nov 2024)	-1850000

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.	7.10%	7.11%	7.29%	7.74%	9.07%	9.24%	9.55%	9.55%	9.82%	9.12%	9.47%	9.35%	8.94%
Reliance Industries Ltd.	4.11%	3.92%	4.00%	4.10%	4.39%	4.57%	4.72%	4.19%	4.28%	4.27%	4.08%	3.91%	3.98%
Kotak Mahindra Bank Ltd.	3.89%	3.84%	3.87%	3.82%	3.80%	3.82%	4.24%	4.39%	4.18%	3.95%	3.69%	3.56%	2.88%
Axis Bank Ltd.	3.75%	3.58%	3.39%	3.47%	3.68%	3.84%	3.98%	3.71%	3.71%	3.42%	3.67%	3.82%	3.85%
Maruti Suzuki India Ltd.	3.13%	3.23%	3.49%	2.98%	2.90%	3.02%	3.14%	3.11%	3.50%	3.41%	2.99%	2.98%	2.39%
ICICI Bank Ltd.	2.05%	2.13%	2.27%	2.40%	2.33%	2.44%	2.51%	2.73%	3.08%	3.04%	3.53%	3.49%	3.44%
Larsen & Toubro Ltd.	3.21%	2.74%	2.76%	2.79%	2.79%	2.93%	2.78%	3.06%	3.01%	2.78%	2.49%	2.00%	1.93%
ITC Limited	2.90%	2.89%	3.02%	2.80%	2.56%	2.31%	2.45%	2.49%	2.60%	2.79%	3.00%	2.88%	2.27%
Bajaj Finserv Ltd	3.00%	3.00%	2.93%	2.99%	2.97%	2.66%	2.68%	2.91%	2.74%	2.11%	1.51%	-	-
Infosys Ltd.	3.07%	3.11%	3.25%	2.67%	0.70%	-	-	-	-	-	-	-	-
Tata Consultancy Services Ltd.	2.62%	2.58%	2.82%	2.78%	2.13%	2.02%	2.10%	2.31%	2.42%	2.71%	2.68%	2.73%	2.51%
Avenue Supermarts Ltd.	2.30%	2.57%	2.80%	2.52%	2.56%	2.45%	2.69%	2.75%	2.49%	2.54%	2.45%	1.68%	1.76%
SBI Cards and Payment Services Ltd.	1.94%	2.02%	1.89%	1.91%	2.23%	2.64%	2.61%	2.78%	2.87%	2.52%	2.14%	2.20%	2.14%
Ambuja Cements Ltd.	2.78%	2.46%	2.32%	2.27%	2.20%	2.21%	2.07%	2.18%	2.04%	2.04%	0.92%	-	-
Tech Mahindra Ltd.	2.48%	2.54%	2.44%	2.25%	2.07%	2.03%	2.02%	1.79%	1.90%	2.03%	2.06%	2.01%	1.87%