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

Equity Holding : 93.02% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 93.02%

No of Stocks : 58 (Category Avg - 63.60) | Large Cap Investments : 57.08%| Mid Cap Investments : 10.62% | Small Cap Investments : 5.57% | Other : 19.75%

Portfolio Summary (as on 30th Nov,2025)

Particulars	This Scheme	Category
No. of Stocks	58	63.19
Top 5 Stock Weight	21.76%	25.4%
Top 10 Stock Weight	35.7%	40.44%
Top 3 Sector Weight	34%	31.21%

Category - Flexi Cap Fund

Particulars	This Scheme	Category
Average mcap (Cr)	134067.90	95725.14
Holdings in large cap stocks	57.08%	40.82%
Holdings in mid cap stocks	10.62%	12.95%
Holdings in small cap stocks	5.57%	10.84%

Category - Flexi Cap Fund

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	1M Change in Qty
HDFC Bank Ltd.	Private sector bank	2619.8	7.14%	0.04%	9.82% (Feb 2025)	7.1% (Oct 2025)	26.00 L	0.00
Reliance Industries Ltd.	Refineries & marketing	1567.5	4.27%	0.16%	4.72% (Apr 2025)	3.92% (Sep 2025)	10.00 L	0.00
Axis Bank Ltd.	Private sector bank	1407.7	3.84%	0.09%	3.98% (Apr 2025)	3.39% (Aug 2025)	11.00 L	0.00
ICICI Bank Ltd.	Private sector bank	1215.2	3.31%	1.26%	3.53% (Dec 2024)	2.05% (Oct 2025)	8.75 L	3.25 L
Larsen & Toubro Ltd.	Civil construction	1173.4	3.20%	-0.01%	3.21% (Oct 2025)	2.49% (Dec 2024)	2.88 L	0.00
Infosys Ltd.	Computers - software & consulting	1170.1	3.19%	0.12%	3.25% (Aug 2025)	0% (Dec 2024)	7.50 L	0.00
ITC Limited	Diversified fmcg	1010.6	2.75%	-0.15%	3.02% (Aug 2025)	2.31% (May 2025)	25.00 L	0.00
Ambuja Cements Ltd.	Cement & cement products	1010.3	2.75%	-0.03%	2.78% (Oct 2025)	0.92% (Dec 2024)	18.36 L	55.00 k
Tata Consultancy Services Ltd.	Computers - software & consulting	972.6	2.65%	0.03%	2.82% (Aug 2025)	2.02% (May 2025)	3.10 L	0.00
Tech Mahindra Ltd.	Computers - software & consulting	955.9	2.60%	0.12%	2.6% (Nov 2025)	1.79% (Mar 2025)	6.30 L	0.00

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

View complete holding

Complete equity Portfolio (as on 30th Nov,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	17.8	2619.8	7.14%	0.04%	9.82% (Feb 2025)	7.1% (Oct 2025)	26.00 L	0.00	Other	19.75
Reliance Industries Ltd.	Refineries & marketing	4.27	1567.5	4.27%	0.16%	4.72% (Apr 2025)	3.92% (Sep 2025)	10.00 L	0.00	Large Cap	57.08
Axis Bank Ltd.	Private sector bank	17.8	1407.7	3.84%	0.09%	3.98% (Apr 2025)	3.39% (Aug 2025)	11.00 L	0.00	Large Cap	57.08
ICICI Bank Ltd.	Private sector bank	17.8	1215.2	3.31%	1.26%	3.53% (Dec 2024)	2.05% (Oct 2025)	8.75 L	3.25 L	Large Cap	57.08
Larsen & Toubro Ltd.	Civil construction	4.15	1173.4	3.20%	-0.01%	3.21% (Oct 2025)	2.49% (Dec 2024)	2.88 L	0.00	Large Cap	57.08
Infosys Ltd.	Computers - software & consulting	10.41	1170.1	3.19%	0.12%	3.25% (Aug 2025)	0% (Dec 2024)	7.50 L	0.00	Large Cap	57.08
ITC Limited	Diversified fmcg	2.75	1010.6	2.75%	-0.15%	3.02% (Aug 2025)	2.31% (May 2025)	25.00 L	0.00	Large Cap	57.08
Ambuja Cements Ltd.	Cement & cement products	5.79	1010.3	2.75%	-0.03%	2.78% (Oct 2025)	0.92% (Dec 2024)	18.36 L	55.00 k	Large Cap	57.08
Tata Consultancy Services Ltd.	Computers - software & consulting	10.41	972.6	2.65%	0.03%	2.82% (Aug 2025)	2.02% (May 2025)	3.10 L	0.00	Large Cap	57.08
Tech Mahindra Ltd.	Computers - software & consulting	10.41	955.9	2.60%	0.12%	2.6% (Nov 2025)	1.79% (Mar 2025)	6.30 L	0.00	Large Cap	57.08
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	2.6	954	2.60%	-0.53%	3.5% (Feb 2025)	2.6% (Nov 2025)	60.00 k	-0.10 L	Large Cap	57.08
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	3.1	836.7	2.28%	0.29%	2.28% (Nov 2025)	0% (Dec 2024)	4.57 L	32.00 k	Large Cap	57.08
Kotak Mahindra Bank Ltd.	Private sector bank	17.8	742	2.02%	-1.87%	4.39% (Mar 2025)	2.02% (Nov 2025)	3.49 L	-3.21 L	Large Cap	57.08
National Thermal Power Corporation Ltd.	Power generation	1.97	724.6	1.97%	0.57%	1.97% (Nov 2025)	0% (Dec 2024)	22.20 L	7.17 L	Large Cap	57.08
SBI Cards and Payment Services Ltd.	Non banking financial company (nbfc)	1.92	704.1	1.92%	-0.02%	2.87% (Feb 2025)	1.89% (Aug 2025)	8.00 L	0.00	Other	19.75
Bajaj Finserv Ltd	Holding company	1.83	670.1	1.83%	-1.17%	3% (Oct 2025)	1.51% (Dec 2024)	3.20 L	-2.00 L	Other	19.75
Godrej Consumer Products Ltd	Personal care	3.06	595.7	1.62%	0.01%	2.1% (Apr 2025)	1.61% (Oct 2025)	5.20 L	0.00	Large Cap	57.08
Britannia Industries Ltd.	Packaged foods	1.6	587.3	1.60%	0.21%	1.6% (Nov 2025)	0% (Dec 2024)	1.00 L	14.10 k	Large Cap	57.08
Motherson Sumi Systems Ltd.	Auto components & equipments	2.44	547.6	1.49%	0.18%	1.49% (Nov 2025)	0% (Dec 2024)	47.08 L	2.08 L	Large Cap	57.08
Indusind Bank Ltd.	Private sector bank	17.8	545.2	1.49%	0.56%	1.49% (Nov 2025)	0.82% (Mar 2025)	6.35 L	2.10 L	Large Cap	57.08
PNB Housing Finance Ltd.	Housing finance company	1.83	543.2	1.48%	-0.06%	2.26% (Apr 2025)	1.33% (Aug 2025)	6.00 L	0.00	Mid Cap	10.62
Orient Electric Ltd.	Consumer electronics	1.48	542.6	1.48%	1.27%	1.48% (Nov 2025)	0% (Dec 2024)	27.91 L	24.33 L	Small Cap	5.57
Pidilite Industries Ltd.	Specialty chemicals	1.48	542.2	1.48%	0.40%	1.48% (Nov 2025)	0% (Dec 2024)	3.69 L	97.56 k	Large Cap	57.08
Dabur India Ltd.	Personal care	3.06	528.6	1.44%	0.06%	1.48% (Jul 2025)	0.96% (May 2025)	10.22 L	0.00	Large Cap	57.08
Wipro Ltd.	Computers - software & consulting	10.41	514.3	1.40%	0.20%	1.4% (Nov 2025)	0% (Dec 2024)	20.61 L	2.61 L	Large Cap	57.08
Adani Ports And Special Economic Zone Ltd.	Port & port services	1.34	493	1.34%	0.04%	1.34% (Nov 2025)	1.14% (Jan 2025)	3.25 L	0.00	Large Cap	57.08
J S W Steel Ltd.	Iron & steel products	2.36	491.7	1.34%	-0.07%	1.75% (Mar 2025)	1.34% (Nov 2025)	4.24 L	0.00	Large Cap	57.08
The Ramco Cements Ltd.	Cement & cement products	5.79	487.6	1.33%	-0.03%	1.63% (Jul 2025)	1.33% (May 2025)	4.70 L	0.00	Mid Cap	10.62
Metro Brands Ltd.	Footwear	1.28	468.2	1.28%	0.03%	1.65% (Dec 2024)	1.25% (Oct 2025)	4.00 L	0.00	Other	19.75
Avenue Supermarts Ltd.	Diversified retail	1.26	460.6	1.26%	-1.04%	2.8% (Aug 2025)	1.26% (Nov 2025)	1.15 L	-0.85 L	Large Cap	57.08
# HDFC Life Insurance Company Ltd.	Life insurance	2.48	458.6	1.25%	1.25%	1.25% (Nov 2025)	0% (Dec 2024)	6.00 L	6.00 L	Large Cap	57.08
Indus Towers Ltd.	Telecom - infrastructure	1.25	457.9	1.25%	0.10%	1.49% (Apr 2025)	1.13% (Sep 2025)	11.42 L	0.00	Large Cap	57.08
Swiggy Ltd.	E-retail/ e-commerce	1.24	454	1.24%	-0.12%	1.46% (Sep 2025)	0% (Dec 2024)	12.00 L	0.00	Other	19.75
SBI Life Insurance Co Ltd.	Life insurance	2.48	452.2	1.23%	-0.01%	1.24% (Oct 2025)	0% (Dec 2024)	2.30 L	0.00	Large Cap	57.08
GO Digit General Insurance Ltd.	General insurance	1.22	447.7	1.22%	-0.02%	1.37% (Jul 2025)	1.14% (Apr 2025)	12.50 L	0.00	Other	19.75
Apollo Hospitals Enterprises Ltd.	Hospital	1.11	408.7	1.11%	-0.80%	2.14% (Dec 2024)	1.11% (Nov 2025)	55.72 k	-0.34 L	Mid Cap	10.62
# Emmvee Photovoltaic Power Ltd.	Other electrical equipment	1.1	404.7	1.10%	1.10%	1.1% (Nov 2025)	0% (Dec 2024)	18.63 L	18.63 L	Other	19.75
Bharat Forge Ltd.	Castings & forgings	1.05	387.1	1.05%	0.06%	1.05% (Nov 2025)	0% (Dec 2024)	2.70 L	0.00	Mid Cap	10.62
Asian Paints (india) Ltd.	Paints	1.03	379.1	1.03%	-0.36%	1.48% (Aug 2025)	0.83% (May 2025)	1.32 L	-0.68 L	Large Cap	57.08
Jindal Steel Ltd.	Iron & steel products	2.36	376	1.02%	-0.04%	1.1% (Sep 2025)	0% (Dec 2024)	3.60 L	0.00	Mid Cap	10.62
Nuvoco Vistas Corporation Ltd.	Cement & cement products	5.79	367.8	1.00%	-0.18%	1.4% (Aug 2025)	1% (Nov 2025)	10.32 L	0.00	Other	19.75
Oil India Ltd.	Oil exploration & production	0.99	364.8	0.99%	0.21%	0.99% (Nov 2025)	0% (Dec 2024)	8.83 L	2.30 L	Mid Cap	10.62
G R Infraprojects Ltd.	Civil construction	4.15	349.3	0.95%	-0.10%	1.65% (Dec 2024)	0.95% (Nov 2025)	3.25 L	0.00	Other	19.75
# Sona BLW Precision Forgings Ltd.	Auto components & equipments	2.44	348.9	0.95%	0.95%	0.95% (Nov 2025)	0% (Dec 2024)	6.82 L	6.82 L	Other	19.75
Sobha Ltd.	Residential, commercial projects	2.68	345.9	0.94%	-0.07%	1.01% (Oct 2025)	0% (Dec 2024)	2.25 L	0.00	Small Cap	5.57
- Mahindra Lifespace Developers Ltd.	Residential, commercial projects	2.68	344.1	0.94%	0.00%	1.03% (Dec 2024)	0.65% (Mar 2025)	8.20 L	-0.65 L	Small Cap	5.57
# Syngene International Ltd.	Healthcare research, analytics & technology	0.92	336.2	0.92%	0.92%	0.92% (Nov 2025)	0% (Dec 2024)	5.19 L	5.19 L	Mid Cap	10.62
Pfizer Ltd.	Pharmaceuticals	3.1	300.2	0.82%	-0.61%	1.71% (May 2025)	0.82% (Nov 2025)	60.34 k	-0.39 L	Mid Cap	10.62
Page Industries Ltd.	Garments & apparels	0.82	299.9	0.82%	0.34%	0.82% (Nov 2025)	0% (Dec 2024)	7.83 k	3.65 k	Mid Cap	10.62
Phoenix Mills Ltd.	Residential, commercial projects	2.68	293.2	0.80%	0.01%	0.8% (Nov 2025)	0% (Dec 2024)	1.69 L	0.00	Small Cap	5.57
Greenpanel Industries Ltd.	Plywood boards/ laminates	0.77	283.8	0.77%	-0.13%	1.02% (Jul 2025)	0% (Dec 2024)	11.39 L	0.00	Other	19.75
J.K. Cement Ltd.	Cement & cement products	5.79	259.1	0.71%	-0.06%	1.8% (Jun 2025)	0.71% (Nov 2025)	45.00 k	0.00	Small Cap	5.57
# Graphite India Ltd.	Electrodes & refractories	0.7	258	0.70%	0.70%	0.7% (Nov 2025)	0% (Dec 2024)	4.65 L	4.65 L	Small Cap	5.57
# Mphasis Ltd.	Computers - software & consulting	10.41	210.9	0.57%	0.57%	0.57% (Nov 2025)	0% (Dec 2024)	75.00 k	75.00 k	Mid Cap	10.62
Pi Industries Ltd.	Pesticides & agrochemicals	0.51	186.8	0.51%	-0.03%	0.54% (Oct 2025)	0% (Dec 2024)	55.00 k	0.00	Mid Cap	10.62
# Bharti Airtel Ltd.	Telecom - cellular & fixed line services	0.43	157.6	0.43%	0.43%	0.43% (Nov 2025)	0% (Dec 2024)	75.00 k	75.00 k	Large Cap	57.08
Aptus Value Housing Finance India Ltd.	Housing finance company	1.83	128.4	0.35%	-0.79%	1.2% (Sep 2025)	0.35% (Nov 2025)	4.60 L	-8.40 L	Other	19.75
- Canara HSBC Life Insurance Co.Ltd.	Life insurance	2.48	0.2	0.00%	0.00%	0% (Nov 2025)	0% (Dec 2024)	1.46 k	1.46 k	Other	19.75
Westlife Development Ltd.	Restaurants		326.3	0.00%	-0.90%	-	-	-	-	Small Cap	5.57
Hindalco Industries Ltd.	Aluminium		122	0.00%	-0.34%	-	-	-	-	Large Cap	57.08
Bandhan Bank Ltd.	Private sector bank	17.8	407.1	0.00%	-1.13%	-	-	-	-	Large Cap	57.08
Embassy Office Parks Reit	Real estate investment trusts (reits)		643.4	0.00%	-1.78%	-	-	-	-	Other	19.75
Piramal Pharma Ltd.	Pharmaceuticals	3.1	179.7	0.00%	-0.50%	-	-	-	-	Other	19.75

- 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
# Syngene International Ltd.	Healthcare research, analytics & technology	336.2	0.92%	0.92%	0.92% (Nov 2025)	0% (Dec 2024)	5.19 L	518560
# Bharti Airtel Ltd.	Telecom - cellular & fixed line services	157.6	0.43%	0.43%	0.43% (Nov 2025)	0% (Dec 2024)	75.00 k	75000
- Canara HSBC Life Insurance Co.Ltd.	Life insurance	0.2	0.00%	0.00%	0% (Nov 2025)	0% (Dec 2024)	1.46 k	1456
# Emmvee Photovoltaic Power Ltd.	Other electrical equipment	404.7	1.10%	1.10%	1.1% (Nov 2025)	0% (Dec 2024)	18.63 L	1862875
# HDFC Life Insurance Company Ltd.	Life insurance	458.6	1.25%	1.25%	1.25% (Nov 2025)	0% (Dec 2024)	6.00 L	600000
# Sona BLW Precision Forgings Ltd.	Auto components & equipments	348.9	0.95%	0.95%	0.95% (Nov 2025)	0% (Dec 2024)	6.82 L	681673
# Graphite India Ltd.	Electrodes & refractories	258	0.70%	0.70%	0.7% (Nov 2025)	0% (Dec 2024)	4.65 L	464785
# Mphasis Ltd.	Computers - software & consulting	210.9	0.57%	0.57%	0.57% (Nov 2025)	0% (Dec 2024)	75.00 k	75000

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	1M Change in Qty
Westlife Development Ltd.	Restaurants	326.3	0.00%	-0.90%	1.37% (Feb 2025)	0% (Dec 2024)	-550000
Hindalco Industries Ltd.	Aluminium	122	0.00%	-0.34%	1.32% (Sep 2025)	0% (Dec 2024)	-143832
Bandhan Bank Ltd.	Private sector bank	407.1	0.00%	-1.13%	1.29% (Jul 2025)	0% (Dec 2024)	-2600000
Embassy Office Parks Reit	Real estate investment trusts (reits)	643.4	0.00%	-1.78%	0% (Dec 2025)	0% (Dec 2025)	-1500000
Piramal Pharma Ltd.	Pharmaceuticals	179.7	0.00%	-0.50%	2.61% (Dec 2024)	0% (Dec 2024)	-900000

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
HDFC Bank Ltd.	7.14%	7.10%	7.11%	7.29%	7.74%	9.07%	9.24%	9.55%	9.55%	9.82%	9.12%	9.47%	9.35%
Reliance Industries Ltd.	4.27%	4.11%	3.92%	4.00%	4.10%	4.39%	4.57%	4.72%	4.19%	4.28%	4.27%	4.08%	3.91%
Kotak Mahindra Bank Ltd.	2.02%	3.89%	3.84%	3.87%	3.82%	3.80%	3.82%	4.24%	4.39%	4.18%	3.95%	3.69%	3.56%
Axis Bank Ltd.	3.84%	3.75%	3.58%	3.39%	3.47%	3.68%	3.84%	3.98%	3.71%	3.71%	3.42%	3.67%	3.82%
Maruti Suzuki India Ltd.	2.60%	3.13%	3.23%	3.49%	2.98%	2.90%	3.02%	3.14%	3.11%	3.50%	3.41%	2.99%	2.98%
Larsen & Toubro Ltd.	3.20%	3.21%	2.74%	2.76%	2.79%	2.79%	2.93%	2.78%	3.06%	3.01%	2.78%	2.49%	2.00%
ITC Limited	2.75%	2.90%	2.89%	3.02%	2.80%	2.56%	2.31%	2.45%	2.49%	2.60%	2.79%	3.00%	2.88%
ICICI Bank Ltd.	3.31%	2.05%	2.13%	2.27%	2.40%	2.33%	2.44%	2.51%	2.73%	3.08%	3.04%	3.53%	3.49%
Infosys Ltd.	3.19%	3.07%	3.11%	3.25%	2.67%	0.70%	-	-	-	-	-	-	-
Bajaj Finserv Ltd	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.	2.65%	2.62%	2.58%	2.82%	2.78%	2.13%	2.02%	2.10%	2.31%	2.42%	2.71%	2.68%	2.73%
Avenue Supermarts Ltd.	1.26%	2.30%	2.57%	2.80%	2.52%	2.56%	2.45%	2.69%	2.75%	2.49%	2.54%	2.45%	1.68%
SBI Cards and Payment Services Ltd.	1.92%	1.94%	2.02%	1.89%	1.91%	2.23%	2.64%	2.61%	2.78%	2.87%	2.52%	2.14%	2.20%
Ambuja Cements Ltd.	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.	2.60%	2.48%	2.54%	2.44%	2.25%	2.07%	2.03%	2.02%	1.79%	1.90%	2.03%	2.06%	2.01%