Tata India Innovation 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 : 36.54%. 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 : 91.31% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 91.31%

No of Stocks : 58 (Category Avg - 44.44) | Large Cap Investments : 34.52%| Mid Cap Investments : 9.12% | Small Cap Investments : 16.32% | Other : 31.35%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	58	43.41
Top 5 Stock Weight	17.71%	32.46%
Top 10 Stock Weight	30.93%	49.59%
Top 3 Sector Weight	26.18%	43.5%

Category - Sectoral/Thematic

Particulars	This Scheme	Category
Average mcap (Cr)	75097.35	72450.77
Holdings in large cap stocks	34.52%	37.14%
Holdings in mid cap stocks	9.12%	14.47%
Holdings in small cap stocks	16.32%	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
Axis Bank Ltd.	Private sector bank	673.1	3.89%	0.26%	3.91% (Apr 2025)	1.65% (Dec 2024)	5.46 L
PB Fintech Ltd.	Financial technology (fintech)	633.2	3.66%	0.11%	3.98% (Dec 2024)	1.78% (Nov 2024)	3.55 L
Tech Mahindra Ltd.	Computers - software & consulting	601.1	3.47%	-0.01%	4.01% (Jun 2025)	3.08% (Nov 2024)	4.22 L
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	594.9	3.44%	0.24%	3.56% (Jun 2025)	0.64% (Nov 2024)	2.90 L
ICICI Bank Ltd.	Private sector bank	562.3	3.25%	-0.06%	3.6% (Apr 2025)	1.72% (Nov 2024)	4.18 L
Reliance Industries Ltd.	Refineries & marketing	545.5	3.15%	0.21%	3.15% (Oct 2025)	1.39% (Nov 2024)	3.67 L
Delhivery Ltd.	Logistics solution provider	466	2.69%	0.04%	2.71% (Aug 2025)	0% (Nov 2024)	10.00 L
Infosys Ltd.	Computers - software & consulting	444.7	2.57%	0.03%	2.91% (Mar 2025)	0% (Nov 2024)	3.00 L
HDFC Bank Ltd.	Private sector bank	420.6	2.43%	0.05%	3.06% (Apr 2025)	2.16% (Dec 2024)	4.26 L
Adani Ports And Special Economic Zone Ltd.	Port & port services	412.1	2.38%	0.04%	2.38% (Oct 2025)	0% (Nov 2024)	2.84 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
Axis Bank Ltd.	Private sector bank	12.22	673.1	3.89%	0.26%	3.91% (Apr 2025)	1.65% (Dec 2024)	5.46 L	0.00	Large Cap	34.52
PB Fintech Ltd.	Financial technology (fintech)	3.66	633.2	3.66%	0.11%	3.98% (Dec 2024)	1.78% (Nov 2024)	3.55 L	0.00	Other	31.35
Tech Mahindra Ltd.	Computers - software & consulting	7.61	601.1	3.47%	-0.01%	4.01% (Jun 2025)	3.08% (Nov 2024)	4.22 L	0.00	Large Cap	34.52
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	5.6	594.9	3.44%	0.24%	3.56% (Jun 2025)	0.64% (Nov 2024)	2.90 L	0.00	Large Cap	34.52
ICICI Bank Ltd.	Private sector bank	12.22	562.3	3.25%	-0.06%	3.6% (Apr 2025)	1.72% (Nov 2024)	4.18 L	0.00	Large Cap	34.52
Reliance Industries Ltd.	Refineries & marketing	3.15	545.5	3.15%	0.21%	3.15% (Oct 2025)	1.39% (Nov 2024)	3.67 L	0.00	Large Cap	34.52
Delhivery Ltd.	Logistics solution provider	2.69	466	2.69%	0.04%	2.71% (Aug 2025)	0% (Nov 2024)	10.00 L	0.00	Other	31.35
Infosys Ltd.	Computers - software & consulting	7.61	444.7	2.57%	0.03%	2.91% (Mar 2025)	0% (Nov 2024)	3.00 L	0.00	Large Cap	34.52
HDFC Bank Ltd.	Private sector bank	12.22	420.6	2.43%	0.05%	3.06% (Apr 2025)	2.16% (Dec 2024)	4.26 L	0.00	Other	31.35
Adani Ports And Special Economic Zone Ltd.	Port & port services	2.38	412.1	2.38%	0.04%	2.38% (Oct 2025)	0% (Nov 2024)	2.84 L	0.00	Large Cap	34.52
Larsen & Toubro Ltd.	Civil construction	2.36	409.1	2.36%	0.18%	2.36% (Oct 2025)	0.6% (Nov 2024)	1.02 L	0.00	Large Cap	34.52
Affle India Ltd.	It enabled services	5.55	393.8	2.27%	-0.07%	2.34% (Sep 2025)	1.2% (Nov 2024)	2.04 L	0.00	Other	31.35
Apollo Hospitals Enterprises Ltd.	Hospital	3.18	391.5	2.26%	0.04%	2.26% (Oct 2025)	0% (Nov 2024)	50.97 k	0.00	Mid Cap	9.12
DR. LAL PATHLABS Ltd.	Healthcare service provider	4.01	377.1	2.18%	-0.03%	2.31% (Aug 2025)	0% (Nov 2024)	1.20 L	0.00	Small Cap	16.32
Tata Communications Ltd.	Telecom - cellular & fixed line services	5.6	374.1	2.16%	0.27%	2.16% (Oct 2025)	0% (Nov 2024)	1.99 L	0.00	Mid Cap	9.12
Hero Motocorp Ltd.	2/3 wheelers	2.08	360.4	2.08%	-0.01%	2.59% (Jan 2025)	0% (Nov 2024)	65.00 k	0.00	Large Cap	34.52
Info Edge (India) Ltd.	Internet & catalogue retail	1.95	338.4	1.95%	0.06%	2.26% (Jan 2025)	0% (Nov 2024)	2.46 L	0.00	Other	31.35
Ami Organics Ltd.	Pharmaceuticals	6.35	336.9	1.95%	0.44%	1.95% (Oct 2025)	0% (Nov 2024)	1.95 L	0.00	Other	31.35
eClerx Services Ltd.	Business process outsourcing (bpo)/ knowledge process outsourcing (kpo)	1.92	333.1	1.92%	0.26%	1.92% (Oct 2025)	0% (Nov 2024)	70.46 k	0.00	Small Cap	16.32
Firstsource Solutions Ltd.	It enabled services	5.55	325	1.88%	0.10%	2.95% (Feb 2025)	0.7% (Nov 2024)	9.18 L	0.00	Small Cap	16.32
Avenue Supermarts Ltd.	Diversified retail	3.34	324	1.87%	-0.18%	2.17% (Jun 2025)	0% (Nov 2024)	78.00 k	0.00	Large Cap	34.52
Jubilant Foodworks Ltd.	Restaurants	2.9	300.3	1.73%	-0.09%	2.17% (Apr 2025)	0.97% (Nov 2024)	5.02 L	0.00	Other	31.35
Metropolis Healthcare Ltd.	Healthcare service provider	4.01	287.9	1.66%	-0.09%	1.83% (Aug 2025)	0% (Nov 2024)	1.46 L	0.00	Other	31.35
SBI Cards and Payment Services Ltd.	Non banking financial company (nbfc)	1.65	286.1	1.65%	-0.03%	2.31% (Feb 2025)	0% (Nov 2024)	3.26 L	0.00	Other	31.35
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	1.54	267.1	1.54%	-0.02%	1.56% (Sep 2025)	0% (Nov 2024)	16.50 k	0.00	Large Cap	34.52
Vishal Mega Mart Ltd.	Diversified retail	3.34	255	1.47%	-0.07%	1.54% (Sep 2025)	0% (Nov 2024)	17.62 L	0.00	Other	31.35
Karur Vysya Bank Ltd	Private sector bank	12.22	243.7	1.41%	0.17%	1.41% (Oct 2025)	0% (Nov 2024)	10.02 L	0.00	Small Cap	16.32
Newgen Software Technologies Ltd.	It enabled services	5.55	241.8	1.40%	0.10%	2.07% (Dec 2024)	0.61% (Nov 2024)	2.48 L	0.00	Small Cap	16.32
Dabur India Ltd.	Personal care	1.34	231.6	1.34%	-0.03%	1.45% (Jul 2025)	0% (Nov 2024)	4.75 L	0.00	Large Cap	34.52
RBL Bank Ltd.	Private sector bank	12.22	215.4	1.24%	0.16%	1.24% (Oct 2025)	0% (Nov 2024)	6.60 L	0.00	Mid Cap	9.12
Sonata Software Ltd.	Computers - software & consulting	7.61	213	1.23%	0.06%	1.98% (Dec 2024)	0.74% (Nov 2024)	5.76 L	0.00	Small Cap	16.32
PCBL Ltd.	Carbon black	1.22	211.3	1.22%	-0.06%	1.38% (Jun 2025)	0% (Nov 2024)	5.83 L	0.00	Other	31.35
Craftsman Automation Ltd.	Auto components & equipments	4.31	210.8	1.22%	-0.04%	1.26% (Aug 2025)	0.62% (Nov 2024)	31.55 k	0.00	Other	31.35
Bajaj Finserv Ltd	Holding company	1.21	208.8	1.21%	0.03%	1.21% (Oct 2025)	0% (Nov 2024)	1.00 L	0.00	Other	31.35
Westlife Development Ltd.	Restaurants	2.9	202.8	1.17%	-0.21%	1.43% (Jul 2025)	0% (Nov 2024)	3.42 L	0.00	Small Cap	16.32
Motherson Sumi Systems Ltd.	Auto components & equipments	4.31	201.6	1.16%	-0.03%	1.19% (Sep 2025)	0.96% (Dec 2024)	19.13 L	0.00	Large Cap	34.52
Kajaria Ceramics Ltd.	Ceramics	1.14	198.3	1.14%	0.01%	2.54% (Dec 2024)	1.13% (Sep 2025)	1.64 L	0.00	Small Cap	16.32
WABCO India Ltd.	Auto components & equipments	4.31	192.6	1.11%	-0.07%	1.26% (Aug 2025)	1.02% (Jan 2025)	15.50 k	0.00	Mid Cap	9.12
TBO TEK Ltd.	Tour, travel related services	1.11	191.7	1.11%	-0.05%	1.16% (Sep 2025)	0% (Nov 2024)	1.29 L	0.00	Other	31.35
Aurobindo Pharma Ltd.	Pharmaceuticals	6.35	182.2	1.05%	0.03%	1.23% (Nov 2024)	0.95% (Aug 2025)	1.60 L	0.00	Large Cap	34.52
Eternal Ltd.	E-retail/ e-commerce	2.05	179.4	1.04%	-2.00%	4.17% (Aug 2025)	1.04% (Oct 2025)	5.65 L	-0.10 Cr	Other	31.35
Swiggy Ltd.	E-retail/ e-commerce	2.05	174.3	1.01%	0.01%	1.01% (Oct 2025)	0% (Nov 2024)	4.25 L	25.00 k	Other	31.35
Suven Pharmaceuticals Ltd.	Pharmaceuticals	6.35	169.5	0.98%	-0.18%	1.77% (Feb 2025)	0% (Nov 2024)	2.25 L	0.00	Other	31.35
- Thermax Ltd.	Heavy electrical equipment	0.98	169.1	0.98%	0.00%	1.22% (Dec 2024)	0.32% (Nov 2024)	52.52 k	0.00	Mid Cap	9.12
InterGlobe Aviation Ltd.	Airline	0.97	168.8	0.97%	-0.02%	1.74% (Apr 2025)	0% (Nov 2024)	30.00 k	0.00	Large Cap	34.52
Healthcare Global Enterprises Ltd.	Hospital	3.18	159.4	0.92%	0.11%	0.92% (Oct 2025)	0% (Nov 2024)	2.13 L	0.00	Small Cap	16.32
Syngene International Ltd.	Healthcare research, analytics & technology	0.85	147.7	0.85%	0.02%	1.02% (Mar 2025)	0.3% (Nov 2024)	2.27 L	0.00	Mid Cap	9.12
Wockhardt Ltd.	Pharmaceuticals	6.35	142.7	0.82%	-0.17%	1.07% (Jul 2025)	0% (Nov 2024)	1.11 L	0.00	Small Cap	16.32
Pricol Ltd.	Auto components & equipments	4.31	142.6	0.82%	-0.03%	0.85% (Sep 2025)	0% (Nov 2024)	2.69 L	0.00	Small Cap	16.32
Neogen Chemicals Ltd.	Specialty chemicals	0.78	135.1	0.78%	-0.05%	1.19% (Dec 2024)	0% (Nov 2024)	93.62 k	0.00	Other	31.35
- Orchid Pharma Ltd.	Pharmaceuticals	6.35	104.7	0.60%	0.00%	1.11% (Dec 2024)	0% (Nov 2024)	1.44 L	0.00	Other	31.35
Carborundum Universal Ltd.	Abrasives & bearings	0.6	104	0.60%	-0.03%	0.82% (Jan 2025)	0% (Nov 2024)	1.15 L	0.00	Small Cap	16.32
- Pi Industries Ltd.	Pesticides & agrochemicals	0.52	89.4	0.52%	0.00%	0.52% (Oct 2025)	0% (Nov 2024)	25.00 k	0.00	Mid Cap	9.12
Indoco Remedies Ltd.	Pharmaceuticals	6.35	84.3	0.49%	-0.04%	1.05% (Dec 2024)	0.08% (Nov 2024)	3.02 L	-8.47 k	Small Cap	16.32
Piramal Pharma Ltd.	Pharmaceuticals	6.35	79.9	0.46%	0.01%	0.56% (Jan 2025)	0% (Nov 2024)	4.00 L	0.00	Other	31.35
Quick Heal Technologies Ltd.	Computers - software & consulting	7.61	59.5	0.34%	0.01%	0.52% (Dec 2024)	0% (Nov 2024)	1.87 L	0.00	Small Cap	16.32
Vijaya Diagnostic Centre Ltd.	Healthcare service provider	4.01	30.1	0.17%	0.14%	0.17% (Oct 2025)	0% (Nov 2024)	30.39 k	25.00 k	Other	31.35
Laxmi Dental Ltd.	Medical equipment & supplies	0.09	15.8	0.09%	-0.01%	0.15% (Jan 2025)	0% (Nov 2024)	50.25 k	0.00	Other	31.35
Hindustan Unilever Ltd.	Diversified fmcg		377.2	0.00%	-2.22%	-	-	-	-	Large Cap	34.52
KFIN Technologies Ltd.	Financial technology (fintech)	3.66	248.6	0.00%	-1.46%	-	-	-	-	Other	31.35
Multi Commodity Exchange Of India Ltd.	Exchange and data platform		69.5	0.00%	-0.41%	-	-	-	-	Small Cap	16.32
Tata Consultancy Services Ltd.	Computers - software & consulting	7.61	447.7	0.00%	-2.63%	-	-	-	-	Large Cap	34.52

- 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
No new entrants in the portfolio in the last month.

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
Hindustan Unilever Ltd.	Diversified fmcg	377.2	0.00%	-2.22%	2.31% (Aug 2025)	0% (Nov 2024)	-150000
KFIN Technologies Ltd.	Financial technology (fintech)	248.6	0.00%	-1.46%	1.79% (Jun 2025)	0% (Nov 2024)	-236414
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	69.5	0.00%	-0.41%	0.41% (Sep 2025)	0% (Nov 2024)	-8908
Tata Consultancy Services Ltd.	Computers - software & consulting	447.7	0.00%	-2.63%	3.8% (Jan 2025)	0% (Nov 2024)	-155000

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
Eternal Ltd.	1.04%	3.04%	4.17%	4.05%	4.15%	3.86%	7.84%	6.94%	-	-	-	-	-
Zomato Ltd.	-	-	-	-	-	-	-	-	4.00%	3.14%	3.81%	2.70%	-
Amber Enterprises India Ltd.	-	-	-	-	2.74%	2.89%	3.74%	5.01%	4.09%	4.37%	4.77%	3.22%	-
Tech Mahindra Ltd.	3.47%	3.48%	3.62%	3.55%	4.01%	3.85%	3.83%	3.47%	3.82%	3.96%	3.88%	3.08%	-
PB Fintech Ltd.	3.66%	3.55%	3.64%	3.70%	3.64%	3.63%	3.48%	3.48%	3.35%	3.65%	3.98%	1.78%	-
Axis Bank Ltd.	3.89%	3.63%	3.31%	3.36%	3.69%	3.78%	3.91%	3.71%	3.58%	2.77%	1.65%	1.87%	-
ICICI Bank Ltd.	3.25%	3.31%	3.39%	3.56%	3.40%	3.51%	3.60%	3.48%	3.25%	3.12%	2.52%	1.72%	-
Tata Consultancy Services Ltd.	-	2.63%	2.77%	2.71%	3.02%	3.12%	3.23%	3.45%	3.49%	3.80%	3.64%	2.07%	-
Bharti Airtel Ltd.	3.44%	3.20%	3.17%	3.19%	3.56%	3.39%	3.54%	3.36%	3.19%	3.05%	2.86%	0.64%	-
HDFC Bank Ltd.	2.43%	2.38%	2.35%	2.47%	2.96%	2.97%	3.06%	2.97%	2.94%	2.66%	2.16%	2.32%	-
Reliance Industries Ltd.	3.15%	2.94%	2.89%	2.94%	3.10%	3.03%	3.11%	2.89%	2.07%	2.01%	1.86%	1.39%	-
Firstsource Solutions Ltd.	1.88%	1.78%	2.68%	2.59%	2.78%	2.84%	2.71%	2.77%	2.95%	2.64%	2.84%	0.70%	-
Infosys Ltd.	2.57%	2.54%	2.55%	2.60%	2.70%	2.72%	2.72%	2.91%	0.55%	-	-	-	-
Hero Motocorp Ltd.	2.08%	2.09%	1.92%	2.45%	2.39%	2.50%	2.31%	2.30%	2.38%	2.59%	1.79%	-	-
Adani Ports And Special Economic Zone Ltd.	2.38%	2.34%	1.78%	-	-	-	-	-	-	-	-	-	-