Tata Flexi Cap 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.

Category : Flexi Cap Fund

Portfolio Turnover Ratio : 55.02%. Category average turnover ratio is 146.02%. 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 : 91.34% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 91.34%

No of Stocks : 57 (Category Avg - 63.88) | Large Cap Investments : 56.79%| Mid Cap Investments : 10.86% | Small Cap Investments : 6.96% | Other : 16.73%

Portfolio Summary (as on 31st Dec,2025)

Particulars	This Scheme	Category
No. of Stocks	57	62.19
Top 5 Stock Weight	21.67%	25.34%
Top 10 Stock Weight	34.9%	40.49%
Top 3 Sector Weight	32.11%	31.39%

Category - Flexi Cap Fund

Particulars	This Scheme	Category
Average mcap (Cr)	130418.55	96502.02
Holdings in large cap stocks	56.79%	41.04%
Holdings in mid cap stocks	10.86%	13.09%
Holdings in small cap stocks	6.96%	10.54%

Category - Flexi Cap Fund

Top 10 Stocks holding in Portfolio (as on 31st Dec,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	2412.6	6.52%	-0.62%	9.82% (Feb 2025)	6.52% (Dec 2025)	24.34 L	-1.66 L
Reliance Industries Ltd.	Refineries & marketing	1570.4	4.25%	-0.02%	4.72% (Apr 2025)	3.92% (Sep 2025)	10.00 L	0.00
ICICI Bank Ltd.	Private sector bank	1543.2	4.17%	0.86%	4.17% (Dec 2025)	2.05% (Oct 2025)	11.49 L	2.74 L
Axis Bank Ltd.	Private sector bank	1269.4	3.43%	-0.41%	3.98% (Apr 2025)	3.39% (Aug 2025)	10.00 L	-1.00 L
Larsen & Toubro Ltd.	Civil construction	1222.3	3.30%	0.10%	3.3% (Dec 2025)	2.74% (Sep 2025)	2.99 L	11.00 k
Ambuja Cements Ltd.	Cement & cement products	1021.6	2.76%	0.01%	2.78% (Oct 2025)	2.04% (Feb 2025)	18.36 L	0.00
ITC Limited	Diversified fmcg	1007.5	2.72%	-0.03%	3.02% (Aug 2025)	2.31% (May 2025)	25.00 L	0.00
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	1001.8	2.71%	0.11%	3.5% (Feb 2025)	2.6% (Nov 2025)	60.00 k	0.00
Infosys Ltd.	Computers - software & consulting	958.4	2.59%	-0.60%	3.25% (Aug 2025)	0% (Jan 2025)	5.93 L	-1.57 L
Tech Mahindra Ltd.	Computers - software & consulting	906.8	2.45%	-0.15%	2.6% (Nov 2025)	1.79% (Mar 2025)	5.70 L	-0.60 L

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

View complete holding

Complete equity Portfolio (as on 31st Dec,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	17.14	2412.6	6.52%	-0.62%	9.82% (Feb 2025)	6.52% (Dec 2025)	24.34 L	-1.66 L	Other	16.73
Reliance Industries Ltd.	Refineries & marketing	4.25	1570.4	4.25%	-0.02%	4.72% (Apr 2025)	3.92% (Sep 2025)	10.00 L	0.00	Large Cap	56.79
ICICI Bank Ltd.	Private sector bank	17.14	1543.2	4.17%	0.86%	4.17% (Dec 2025)	2.05% (Oct 2025)	11.49 L	2.74 L	Large Cap	56.79
Axis Bank Ltd.	Private sector bank	17.14	1269.4	3.43%	-0.41%	3.98% (Apr 2025)	3.39% (Aug 2025)	10.00 L	-1.00 L	Large Cap	56.79
Larsen & Toubro Ltd.	Civil construction	3.94	1222.3	3.30%	0.10%	3.3% (Dec 2025)	2.74% (Sep 2025)	2.99 L	11.00 k	Large Cap	56.79
Ambuja Cements Ltd.	Cement & cement products	5.58	1021.6	2.76%	0.01%	2.78% (Oct 2025)	2.04% (Feb 2025)	18.36 L	0.00	Large Cap	56.79
ITC Limited	Diversified fmcg	2.72	1007.5	2.72%	-0.03%	3.02% (Aug 2025)	2.31% (May 2025)	25.00 L	0.00	Large Cap	56.79
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	2.71	1001.8	2.71%	0.11%	3.5% (Feb 2025)	2.6% (Nov 2025)	60.00 k	0.00	Large Cap	56.79
Infosys Ltd.	Computers - software & consulting	9.39	958.4	2.59%	-0.60%	3.25% (Aug 2025)	0% (Jan 2025)	5.93 L	-1.57 L	Large Cap	56.79
Tech Mahindra Ltd.	Computers - software & consulting	9.39	906.8	2.45%	-0.15%	2.6% (Nov 2025)	1.79% (Mar 2025)	5.70 L	-0.60 L	Large Cap	56.79
Tata Consultancy Services Ltd.	Computers - software & consulting	9.39	853.7	2.31%	-0.34%	2.82% (Aug 2025)	2.02% (May 2025)	2.66 L	-0.44 L	Large Cap	56.79
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	2.61	852.7	2.31%	0.03%	2.31% (Dec 2025)	0% (Jan 2025)	4.96 L	39.00 k	Large Cap	56.79
National Thermal Power Corporation Ltd.	Power generation	2.18	805.7	2.18%	0.21%	2.18% (Dec 2025)	0% (Jan 2025)	24.45 L	2.25 L	Large Cap	56.79
SBI Cards and Payment Services Ltd.	Non banking financial company (nbfc)	1.86	689.4	1.86%	-0.06%	2.87% (Feb 2025)	1.86% (Dec 2025)	8.00 L	0.00	Other	16.73
Bajaj Finserv Ltd	Holding company	1.76	652.8	1.76%	-0.07%	3% (Sep 2025)	1.76% (Dec 2025)	3.20 L	0.00	Other	16.73
Godrej Consumer Products Ltd	Personal care	3.17	635.5	1.72%	0.10%	2.1% (Apr 2025)	1.61% (Oct 2025)	5.20 L	0.00	Large Cap	56.79
Britannia Industries Ltd.	Packaged foods	1.64	605.9	1.64%	0.04%	1.64% (Dec 2025)	0% (Jan 2025)	1.00 L	0.00	Large Cap	56.79
PNB Housing Finance Ltd.	Housing finance company	1.54	570.9	1.54%	0.06%	2.26% (Apr 2025)	1.33% (Aug 2025)	6.00 L	0.00	Mid Cap	10.86
Kotak Mahindra Bank Ltd.	Private sector bank	17.14	567.9	1.54%	-0.48%	4.39% (Mar 2025)	1.54% (Dec 2025)	2.58 L	-0.91 L	Large Cap	56.79
Motherson Sumi Systems Ltd.	Auto components & equipments	2.74	564.7	1.53%	0.04%	1.53% (Dec 2025)	0% (Jan 2025)	47.08 L	0.00	Large Cap	56.79
HDFC Life Insurance Company Ltd.	Life insurance	2.79	562.4	1.52%	0.27%	1.52% (Dec 2025)	0% (Jan 2025)	7.50 L	1.50 L	Large Cap	56.79
Indusind Bank Ltd.	Private sector bank	17.14	548.8	1.48%	-0.01%	1.49% (Nov 2025)	0.82% (Mar 2025)	6.35 L	0.00	Large Cap	56.79
- Pidilite Industries Ltd.	Specialty chemicals	1.48	546.9	1.48%	0.00%	1.48% (Nov 2025)	0% (Jan 2025)	3.69 L	0.00	Large Cap	56.79
Wipro Ltd.	Computers - software & consulting	9.39	542.7	1.47%	0.07%	1.47% (Dec 2025)	0% (Jan 2025)	20.61 L	0.00	Large Cap	56.79
Dabur India Ltd.	Personal care	3.17	534.6	1.45%	0.01%	1.48% (Jul 2025)	0.96% (May 2025)	10.62 L	40.00 k	Large Cap	56.79
Orient Electric Ltd.	Consumer electronics	1.36	502.5	1.36%	-0.12%	1.48% (Nov 2025)	0% (Jan 2025)	28.53 L	62.06 k	Small Cap	6.96
The Ramco Cements Ltd.	Cement & cement products	5.58	496.6	1.34%	0.01%	1.63% (Jul 2025)	1.33% (Sep 2025)	4.70 L	0.00	Mid Cap	10.86
J S W Steel Ltd.	Iron & steel products	2.48	493.6	1.33%	-0.01%	1.75% (Mar 2025)	1.33% (Dec 2025)	4.24 L	0.00	Large Cap	56.79
Indus Towers Ltd.	Telecom - infrastructure	1.29	478.2	1.29%	0.04%	1.49% (Apr 2025)	1.13% (Sep 2025)	11.42 L	0.00	Large Cap	56.79
Adani Ports And Special Economic Zone Ltd.	Port & port services	1.29	477.7	1.29%	-0.05%	1.34% (Nov 2025)	1.14% (Jan 2025)	3.25 L	0.00	Large Cap	56.79
SBI Life Insurance Co Ltd.	Life insurance	2.79	468	1.27%	0.04%	1.27% (Dec 2025)	0% (Jan 2025)	2.30 L	0.00	Large Cap	56.79
Syngene International Ltd.	Healthcare research, analytics & technology	1.25	462.3	1.25%	0.33%	1.25% (Dec 2025)	0% (Jan 2025)	7.10 L	1.92 L	Mid Cap	10.86
Sona BLW Precision Forgings Ltd.	Auto components & equipments	2.74	446.4	1.21%	0.26%	1.21% (Dec 2025)	0% (Jan 2025)	9.31 L	2.49 L	Other	16.73
Avenue Supermarts Ltd.	Diversified retail	1.18	435.9	1.18%	-0.08%	2.8% (Aug 2025)	1.18% (Dec 2025)	1.15 L	0.00	Large Cap	56.79
Oil India Ltd.	Oil exploration & production	1.18	434.8	1.18%	0.19%	1.18% (Dec 2025)	0% (Jan 2025)	10.25 L	1.42 L	Mid Cap	10.86
Graphite India Ltd.	Electrodes & refractories	1.17	433.7	1.17%	0.47%	1.17% (Dec 2025)	0% (Jan 2025)	6.76 L	2.11 L	Small Cap	6.96
GO Digit General Insurance Ltd.	General insurance	1.16	430.8	1.16%	-0.06%	1.37% (Jul 2025)	1.14% (Apr 2025)	12.50 L	0.00	Other	16.73
Jindal Steel Ltd.	Iron & steel products	2.48	426.8	1.15%	0.13%	1.15% (Dec 2025)	0% (Jan 2025)	4.05 L	45.00 k	Mid Cap	10.86
Sobha Ltd.	Residential, commercial projects	2.47	397.7	1.08%	0.14%	1.08% (Dec 2025)	0% (Jan 2025)	2.73 L	47.50 k	Small Cap	6.96
Bharat Forge Ltd.	Castings & forgings	1.07	397	1.07%	0.02%	1.07% (Dec 2025)	0% (Jan 2025)	2.70 L	0.00	Mid Cap	10.86
Apollo Hospitals Enterprises Ltd.	Hospital	1.06	392.4	1.06%	-0.05%	2.02% (Aug 2025)	1.06% (Dec 2025)	55.72 k	0.00	Mid Cap	10.86
Emmvee Photovoltaic Power Ltd.	Other electrical equipment	1.04	382.9	1.04%	-0.06%	1.1% (Nov 2025)	0% (Jan 2025)	19.91 L	1.28 L	Other	16.73
Metro Brands Ltd.	Footwear	1.02	378.6	1.02%	-0.26%	1.64% (Jan 2025)	1.02% (Dec 2025)	3.14 L	-0.86 L	Other	16.73
Asian Paints (india) Ltd.	Paints	1.78	365.3	0.99%	-0.04%	1.48% (Aug 2025)	0.83% (May 2025)	1.32 L	0.00	Large Cap	56.79
Page Industries Ltd.	Garments & apparels	0.92	339.3	0.92%	0.10%	0.92% (Dec 2025)	0% (Jan 2025)	9.41 k	1.59 k	Mid Cap	10.86
Phoenix Mills Ltd.	Residential, commercial projects	2.47	313	0.85%	0.05%	0.85% (Dec 2025)	0% (Jan 2025)	1.69 L	0.00	Small Cap	6.96
Nuvoco Vistas Corporation Ltd.	Cement & cement products	5.58	301.3	0.81%	-0.19%	1.4% (Aug 2025)	0.81% (Dec 2025)	8.46 L	-1.85 L	Other	16.73
# Akzo Nobel India Ltd.	Paints	1.78	293	0.79%	0.79%	0.79% (Dec 2025)	0% (Jan 2025)	92.20 k	92.20 k	Small Cap	6.96
Greenpanel Industries Ltd.	Plywood boards/ laminates	0.71	261	0.71%	-0.06%	1.02% (Jul 2025)	0% (Jan 2025)	11.39 L	0.00	Other	16.73
J.K. Cement Ltd.	Cement & cement products	5.58	248.9	0.67%	-0.04%	1.8% (Jun 2025)	0.67% (Dec 2025)	45.00 k	0.00	Small Cap	6.96
G R Infraprojects Ltd.	Civil construction	3.94	236.7	0.64%	-0.31%	1.44% (Jan 2025)	0.64% (Dec 2025)	2.37 L	-0.88 L	Other	16.73
- Mphasis Ltd.	Computers - software & consulting	9.39	209.3	0.57%	0.00%	0.57% (Dec 2025)	0% (Jan 2025)	75.00 k	0.00	Mid Cap	10.86
Mahindra Lifespace Developers Ltd.	Residential, commercial projects	2.47	198.3	0.54%	-0.40%	0.97% (Jul 2025)	0.54% (Dec 2025)	5.02 L	-3.18 L	Small Cap	6.96
# Bajaj Electricals Ltd.	Household appliances	0.5	186.4	0.50%	0.50%	0.5% (Dec 2025)	0% (Jan 2025)	3.91 L	3.91 L	Small Cap	6.96
Pi Industries Ltd.	Pesticides & agrochemicals	0.48	178.1	0.48%	-0.03%	0.54% (Oct 2025)	0% (Jan 2025)	55.00 k	0.00	Mid Cap	10.86
- Bharti Airtel Ltd.	Telecom - cellular & fixed line services	0.43	157.9	0.43%	0.00%	0.43% (Dec 2025)	0% (Jan 2025)	75.00 k	0.00	Large Cap	56.79
Pfizer Ltd.	Pharmaceuticals	2.61	112.2	0.30%	-0.52%	1.71% (May 2025)	0.3% (Dec 2025)	22.50 k	-0.38 L	Mid Cap	10.86
Canara HSBC Life Insurance Co.Ltd.	Life insurance	2.79	0.2	0.00%	0.00%	-	-	-	-	Other	16.73
Swiggy Ltd.	E-retail/ e-commerce		454	0.00%	-1.24%	-	-	-	-	Other	16.73
Aptus Value Housing Finance India Ltd.	Housing finance company	1.54	128.4	0.00%	-0.35%	-	-	-	-	Other	16.73

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

New Stocks added in Portfolio (in 1 month period ending 31st Dec,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Bajaj Electricals Ltd.	Household appliances	186.4	0.50%	0.50%	0.5% (Dec 2025)	0% (Jan 2025)	3.91 L	390653
# Brookfield India Real Estate Trust	Real estate investment trusts (reits)	399.2	1.08%	1.08%	0% (Jan 2026)	0% (Jan 2026)	12.04 L	1203750
# Akzo Nobel India Ltd.	Paints	293	0.79%	0.79%	0.79% (Dec 2025)	0% (Jan 2025)	92.20 k	92200

Stocks removed from Portfolio (in 1 month period ending 31st Dec,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	1M Change in Qty
- Canara HSBC Life Insurance Co.Ltd.	Life insurance	0.2	0.00%	0.00%	0% (Nov 2025)	0% (Jan 2025)	-1456
Swiggy Ltd.	E-retail/ e-commerce	454	0.00%	-1.24%	1.46% (Sep 2025)	0% (Jan 2025)	-1200000
Aptus Value Housing Finance India Ltd.	Housing finance company	128.4	0.00%	-0.35%	1.2% (Sep 2025)	0% (Jan 2025)	-460039

Trend in stock holdings (Top 15 Holding)

Stock	Dec 2025	Nov 2025	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024
HDFC Bank Ltd.	6.52%	7.14%	7.10%	7.11%	7.29%	7.74%	9.07%	9.24%	9.55%	9.55%	9.82%	9.12%	9.47%
Reliance Industries Ltd.	4.25%	4.27%	4.11%	3.92%	4.00%	4.10%	4.39%	4.57%	4.72%	4.19%	4.28%	4.27%	4.08%
Axis Bank Ltd.	3.43%	3.84%	3.75%	3.58%	3.39%	3.47%	3.68%	3.84%	3.98%	3.71%	3.71%	3.42%	3.67%
Kotak Mahindra Bank Ltd.	1.54%	2.02%	3.89%	3.84%	3.87%	3.82%	3.80%	3.82%	4.24%	4.39%	4.18%	3.95%	3.69%
Maruti Suzuki India Ltd.	2.71%	2.60%	3.13%	3.23%	3.49%	2.98%	2.90%	3.02%	3.14%	3.11%	3.50%	3.41%	2.99%
Larsen & Toubro Ltd.	3.30%	3.20%	3.21%	2.74%	2.76%	2.79%	2.79%	2.93%	2.78%	3.06%	3.01%	2.78%	2.49%
ICICI Bank Ltd.	4.17%	3.31%	2.05%	2.13%	2.27%	2.40%	2.33%	2.44%	2.51%	2.73%	3.08%	3.04%	3.53%
ITC Limited	2.72%	2.75%	2.90%	2.89%	3.02%	2.80%	2.56%	2.31%	2.45%	2.49%	2.60%	2.79%	3.00%
Infosys Ltd.	2.59%	3.19%	3.07%	3.11%	3.25%	2.67%	0.70%	-	-	-	-	-	-
Bajaj Finserv Ltd	1.76%	1.83%	3.00%	3.00%	2.93%	2.99%	2.97%	2.66%	2.68%	2.91%	2.74%	2.11%	1.51%
Tata Consultancy Services Ltd.	2.31%	2.65%	2.62%	2.58%	2.82%	2.78%	2.13%	2.02%	2.10%	2.31%	2.42%	2.71%	2.68%
Avenue Supermarts Ltd.	1.18%	1.26%	2.30%	2.57%	2.80%	2.52%	2.56%	2.45%	2.69%	2.75%	2.49%	2.54%	2.45%
SBI Cards and Payment Services Ltd.	1.86%	1.92%	1.94%	2.02%	1.89%	1.91%	2.23%	2.64%	2.61%	2.78%	2.87%	2.52%	2.14%
Ambuja Cements Ltd.	2.76%	2.75%	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.	2.45%	2.60%	2.48%	2.54%	2.44%	2.25%	2.07%	2.03%	2.02%	1.79%	1.90%	2.03%	2.06%