Taurus Ethical 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.

Equity Holding : 98.57% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 98.57%

No of Stocks : 51 (Category Avg - 44.32) | Large Cap Investments : 55.75%| Mid Cap Investments : 19.27% | Small Cap Investments : 10.13% | Other : 13.42%

Portfolio Summary (as on 30th Nov,2025)

Particulars	This Scheme	Category
No. of Stocks	51	43.32
Top 5 Stock Weight	27.26%	32.49%
Top 10 Stock Weight	40.9%	49.61%
Top 3 Sector Weight	40.23%	43.61%

Category - Sectoral/Thematic

Particulars	This Scheme	Category
Average mcap (Cr)	174349.63	73089.86
Holdings in large cap stocks	55.75%	37.48%
Holdings in mid cap stocks	19.27%	14.52%
Holdings in small cap stocks	10.13%	12.77%

Category - Sectoral/Thematic

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
# Reliance Industries Ltd.	Refineries & marketing	306.4	8.38%	0.00%	10.07% (Apr 2025)	6.63% (Sep 2025)	1.96 L	12.50 k
# Tata Consultancy Services Ltd.	Computers - software & consulting	231.2	6.33%	0.00%	6.36% (Oct 2025)	3.32% (Mar 2025)	73.64 k	0.00
# Infosys Ltd.	Computers - software & consulting	189.7	5.19%	0.00%	7.76% (Nov 2024)	3.65% (Apr 2025)	1.22 L	0.00
# Coal India Ltd.	Coal	157.7	4.31%	0.00%	4.61% (Oct 2025)	1.61% (Dec 2024)	4.20 L	0.00
# Bharat Petroleum Corporation Ltd.	Refineries & marketing	111.6	3.05%	0.00%	3.9% (May 2025)	1.95% (Dec 2024)	3.11 L	0.00
# Polycab India Limited	Cables - electricals	109.4	2.99%	0.00%	3.43% (Jun 2025)	0% (Nov 2024)	14.65 k	-0.98 k
# Colgate - Palmolive (India) Limited	Personal care	100.7	2.75%	0.00%	3.31% (Aug 2025)	0% (Nov 2024)	46.36 k	0.00
# Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	98.8	2.70%	0.00%	3.11% (Apr 2025)	0% (Nov 2024)	26.30 k	0.00
# Hindustan Unilever Ltd.	Diversified fmcg	96.1	2.63%	0.00%	3.17% (Aug 2025)	1.94% (Nov 2024)	38.95 k	0.00
# HCL Technologies Limited	Computers - software & consulting	94	2.57%	0.00%	4.15% (Dec 2024)	1.22% (Aug 2025)	57.76 k	0.00

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

View complete holding

Complete equity Portfolio (as on 30th Nov,2025)

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Sector
M-Cap

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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
# Reliance Industries Ltd.	Refineries & marketing	11.43	306.4	8.38%	0.00%	10.07% (Apr 2025)	6.63% (Sep 2025)	1.96 L	12.50 k	Large Cap	55.75
# Tata Consultancy Services Ltd.	Computers - software & consulting	18.49	231.2	6.33%	0.00%	6.36% (Oct 2025)	3.32% (Mar 2025)	73.64 k	0.00	Large Cap	55.75
# Infosys Ltd.	Computers - software & consulting	18.49	189.7	5.19%	0.00%	7.76% (Nov 2024)	3.65% (Apr 2025)	1.22 L	0.00	Large Cap	55.75
# Coal India Ltd.	Coal	4.31	157.7	4.31%	0.00%	4.61% (Oct 2025)	1.61% (Dec 2024)	4.20 L	0.00	Large Cap	55.75
# Bharat Petroleum Corporation Ltd.	Refineries & marketing	11.43	111.6	3.05%	0.00%	3.9% (May 2025)	1.95% (Dec 2024)	3.11 L	0.00	Large Cap	55.75
# Polycab India Limited	Cables - electricals	3.47	109.4	2.99%	0.00%	3.43% (Jun 2025)	0% (Nov 2024)	14.65 k	-0.98 k	Other	13.42
# Colgate - Palmolive (India) Limited	Personal care	4.86	100.7	2.75%	0.00%	3.31% (Aug 2025)	0% (Nov 2024)	46.36 k	0.00	Large Cap	55.75
# Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	2.7	98.8	2.70%	0.00%	3.11% (Apr 2025)	0% (Nov 2024)	26.30 k	0.00	Large Cap	55.75
# Hindustan Unilever Ltd.	Diversified fmcg	2.63	96.1	2.63%	0.00%	3.17% (Aug 2025)	1.94% (Nov 2024)	38.95 k	0.00	Large Cap	55.75
# HCL Technologies Limited	Computers - software & consulting	18.49	94	2.57%	0.00%	4.15% (Dec 2024)	1.22% (Aug 2025)	57.76 k	0.00	Large Cap	55.75
# Laurus Labs Ltd.	Pharmaceuticals	10.31	92.6	2.53%	0.00%	2.83% (Oct 2025)	0% (Nov 2024)	89.80 k	-0.15 L	Other	13.42
# Oracle Financial Services Software Limited	Software products	2.5	91.5	2.50%	0.00%	2.84% (Sep 2025)	0% (Nov 2024)	11.29 k	0.00	Mid Cap	19.27
# Tube Investments Of India Ltd.	Auto components & equipments	5.1	91.4	2.50%	0.00%	2.81% (Oct 2025)	0% (Nov 2024)	32.88 k	0.00	Small Cap	10.13
# Hero Motocorp Ltd.	2/3 wheelers	2.43	89	2.43%	0.00%	2.26% (Oct 2025)	0% (Nov 2024)	14.41 k	0.00	Large Cap	55.75
# Cipla Ltd.	Pharmaceuticals	10.31	88.9	2.43%	0.00%	2.46% (Oct 2025)	1.74% (Sep 2025)	58.07 k	0.00	Large Cap	55.75
# Petronet LNG Ltd.	Lpg/cng/png/lng supplier	3.36	79.7	2.18%	0.00%	2.33% (Oct 2025)	1.03% (Jun 2025)	2.93 L	0.00	Large Cap	55.75
# Larsen & Toubro Ltd.	Civil construction	2.13	78	2.13%	0.00%	2.73% (Oct 2025)	1.34% (Feb 2025)	19.16 k	-4.85 k	Large Cap	55.75
# Bharat Forge Ltd.	Castings & forgings	2.08	75.8	2.08%	0.00%	2.99% (Oct 2025)	0% (Nov 2024)	52.90 k	-0.27 L	Mid Cap	19.27
# GlaxoSmithKline Pharmaceuticals Ltd.	Pharmaceuticals	10.31	71.3	1.95%	0.00%	2% (Nov 2024)	1.24% (Jan 2025)	27.79 k	7.50 k	Mid Cap	19.27
# Torrent Power Ltd.	Integrated power utilities	1.93	70.5	1.93%	0.00%	1.99% (Oct 2025)	0% (Nov 2024)	53.65 k	0.00	Mid Cap	19.27
# Hindalco Industries Ltd.	Aluminium	1.9	69.6	1.90%	0.00%	1.46% (Oct 2025)	1.07% (Mar 2025)	86.11 k	25.00 k	Large Cap	55.75
# Associated Cement Companies Ltd.	Cement & cement products	3.63	67.2	1.84%	0.00%	1.93% (Oct 2025)	0% (Nov 2024)	36.32 k	0.00	Mid Cap	19.27
# Grasim Industries Limited	Cement & cement products	3.63	65.4	1.79%	0.00%	1.39% (Sep 2025)	0% (Nov 2024)	23.87 k	7.00 k	Large Cap	55.75
# Balkrishna Industries Ltd.	Tyres & rubber products	1.77	64.5	1.77%	0.00%	1.8% (Oct 2025)	0% (Nov 2024)	27.96 k	0.00	Mid Cap	19.27
# Marico Ltd.	Personal care	4.86	59.6	1.63%	0.00%	2.45% (Aug 2025)	1.15% (Dec 2024)	83.11 k	0.00	Large Cap	55.75
# Linde India Ltd.	Industrial gases	1.56	57.1	1.56%	0.00%	1.63% (Oct 2025)	0% (Nov 2024)	9.56 k	0.00	Small Cap	10.13
# Persistent Systems Ltd.	Computers - software & consulting	18.49	53.5	1.46%	0.00%	1.41% (Oct 2025)	0% (Nov 2024)	8.42 k	0.00	Other	13.42
# Castrol (india) Ltd.	Lubricants	1.46	53.4	1.46%	0.00%	1.53% (Oct 2025)	1.17% (Mar 2025)	2.78 L	0.00	Mid Cap	19.27
# Aurobindo Pharma Ltd.	Pharmaceuticals	10.31	53.3	1.46%	0.00%	1.59% (Apr 2025)	0.45% (Nov 2024)	43.55 k	0.00	Large Cap	55.75
# Motherson Sumi Systems Ltd.	Auto components & equipments	5.1	51.4	1.41%	0.00%	3.72% (Mar 2025)	0.69% (Aug 2025)	4.42 L	0.00	Large Cap	55.75
# Eveready Industries India Ltd.	Household products	1.39	50.8	1.39%	0.00%	1.63% (Oct 2025)	0% (Nov 2024)	1.51 L	0.00	Small Cap	10.13
# Computer Age Management Services Pvt Ltd.	Depositories, clearing houses and other intermediaries	1.3	47.6	1.30%	0.00%	2.7% (Dec 2024)	1.37% (Oct 2025)	12.28 k	0.00	Other	13.42
# Tata Technologies Ltd.	Computers - software & consulting	18.49	46.7	1.28%	0.00%	1.75% (May 2025)	0.86% (Apr 2025)	68.71 k	0.00	Other	13.42
# Astral Ltd.	Plastic products - industrial	1.76	46.4	1.27%	0.00%	2.26% (May 2025)	1.18% (Nov 2024)	32.22 k	0.00	Mid Cap	19.27
# Jupiter Life Line Hospitals Ltd.	Hospital	1.23	44.9	1.23%	0.00%	1.18% (Oct 2025)	0% (Nov 2024)	30.40 k	3.99 k	Other	13.42
# Endurance Technologies Ltd.	Auto components & equipments	5.1	43.6	1.19%	0.00%	1.74% (Jun 2025)	1.03% (Dec 2024)	16.48 k	0.00	Mid Cap	19.27
# Mahanagar Gas Ltd.	Lpg/cng/png/lng supplier	3.36	43	1.18%	0.00%	1.43% (Jan 2025)	1.07% (Aug 2025)	35.82 k	0.00	Small Cap	10.13
# Dr. Reddys Laboratories Ltd.	Pharmaceuticals	10.31	38.8	1.06%	0.00%	1.44% (Dec 2024)	1.04% (Oct 2025)	30.82 k	0.00	Other	13.42
# L&T Technology Services Ltd.	It enabled services	1.06	38.7	1.06%	0.00%	1.07% (Sep 2025)	0% (Nov 2024)	8.72 k	0.00	Mid Cap	19.27
# Coforge Ltd.	Computers - software & consulting	18.49	38.2	1.04%	0.00%	1.26% (Sep 2025)	0% (Nov 2024)	20.00 k	0.00	Other	13.42
# Voltamp Transformers Ltd.	Heavy electrical equipment	1	36.7	1.00%	1.00%	0.37% (May 2025)	0% (Nov 2024)	4.50 k	4.50 k	Small Cap	10.13
# Cera Sanitaryware Ltd.	Sanitary ware	0.91	33.1	0.91%	0.00%	1.1% (Sep 2025)	0% (Nov 2024)	5.98 k	0.00	Small Cap	10.13
# Pi Industries Ltd.	Pesticides & agrochemicals	0.8	29.4	0.80%	0.80%	1.79% (Mar 2025)	0% (Nov 2024)	8.66 k	8.66 k	Mid Cap	19.27
# Birlasoft Ltd.	Computers - software & consulting	18.49	22.8	0.62%	0.00%	0.63% (Sep 2025)	0% (Nov 2024)	59.87 k	0.00	Small Cap	10.13
# Jindal Steel Ltd.	Iron & steel products	0.54	19.9	0.54%	0.54%	0% (Dec 2025)	0% (Dec 2025)	19.00 k	19.00 k	Mid Cap	19.27
# Dixon Technologies (India) Ltd.	Consumer electronics	0.53	19.2	0.53%	0.53%	0% (Dec 2025)	0% (Dec 2025)	1.32 k	1.32 k	Other	13.42
# Time Technoplast Ltd.	Plastic products - industrial	1.76	18.1	0.49%	0.49%	0% (Dec 2025)	0% (Dec 2025)	90.00 k	90.00 k	Small Cap	10.13
# Alembic Pharmaceuticals Ltd.	Pharmaceuticals	10.31	18	0.49%	0.00%	0.66% (May 2025)	0.26% (Dec 2024)	19.79 k	0.00	Mid Cap	19.27
# Finolex Cables Ltd.	Cables - electricals	3.47	17.5	0.48%	0.00%	0.57% (Sep 2025)	0% (Nov 2024)	23.37 k	0.00	Small Cap	10.13
# Godrej Consumer Products Ltd	Personal care	4.86	17.5	0.48%	0.00%	0.62% (May 2025)	0% (Nov 2024)	15.25 k	0.00	Large Cap	55.75
# Zydus Lifesciences Ltd.	Pharmaceuticals	10.31	14.1	0.39%	0.00%	0.93% (Jan 2025)	0% (Nov 2024)	15.00 k	0.00	Mid Cap	19.27
Navin Flourine International Ltd.	Commodity chemicals		25.9	0.00%	-0.73%	-	-	-	-	Small Cap	10.13
Voltas Limited	Household appliances		32	0.00%	-0.90%	-	-	-	-	Mid Cap	19.27

- 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
# Jindal Steel Ltd.	Iron & steel products	19.9	0.54%	0.54%	0% (Dec 2025)	0% (Dec 2025)	19.00 k	19000
# Voltamp Transformers Ltd.	Heavy electrical equipment	36.7	1.00%	1.00%	0.37% (May 2025)	0% (Nov 2024)	4.50 k	4500
# Time Technoplast Ltd.	Plastic products - industrial	18.1	0.49%	0.49%	0% (Dec 2025)	0% (Dec 2025)	90.00 k	90000
# Pi Industries Ltd.	Pesticides & agrochemicals	29.4	0.80%	0.80%	1.79% (Mar 2025)	0% (Nov 2024)	8.66 k	8660
# Dixon Technologies (India) Ltd.	Consumer electronics	19.2	0.53%	0.53%	0% (Dec 2025)	0% (Dec 2025)	1.32 k	1316

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	Quantity	1M Change in Qty
Navin Flourine International Ltd.	Commodity chemicals	25.9	0.00%	-0.73%	0.73% (Oct 2025)	0% (Nov 2024)	0.00	-4547
Voltas Limited	Household appliances	32	0.00%	-0.90%	1.88% (May 2025)	0% (Nov 2024)	0.00	-23092

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
Reliance Industries Ltd.	8.38%	7.69%	6.63%	7.30%	8.25%	8.88%	8.92%	10.07%	9.48%	9.74%	8.82%	8.57%	7.61%
Infosys Ltd.	5.19%	5.09%	4.46%	3.69%	3.86%	4.08%	4.23%	3.65%	6.29%	7.38%	7.62%	7.72%	7.76%
Tata Consultancy Services Ltd.	6.33%	6.36%	5.28%	3.42%	3.43%	3.90%	4.14%	3.75%	3.32%	3.50%	3.63%	3.66%	3.89%
Narayana Hrudayalaya Ltd.	-	-	2.80%	3.20%	3.57%	4.37%	3.73%	3.99%	3.40%	3.17%	2.82%	1.41%	1.43%
Bharat Petroleum Corporation Ltd.	3.05%	3.13%	3.16%	2.93%	3.82%	3.83%	3.90%	2.71%	2.53%	2.36%	2.40%	1.95%	1.99%
Polycab India Limited	2.99%	3.40%	3.41%	3.39%	3.33%	3.43%	3.33%	3.26%	3.17%	1.85%	0.91%	-	1.66%
Mahindra & Mahindra Ltd.	2.70%	2.59%	2.70%	2.96%	3.03%	3.00%	2.98%	3.11%	2.68%	2.83%	1.95%	-	-
Hindustan Unilever Ltd.	2.63%	2.71%	2.93%	3.17%	3.07%	2.78%	3.02%	2.53%	2.54%	2.68%	2.23%	2.13%	1.94%
Tube Investments Of India Ltd.	2.50%	2.81%	2.47%	-	-	-	-	-	-	-	-	-	-
Oil & Natural Gas Corporation Ltd.	-	-	2.86%	2.25%	2.37%	2.39%	2.49%	2.70%	2.55%	2.55%	2.75%	2.54%	2.77%
HCL Technologies Limited	2.57%	2.51%	2.40%	1.22%	1.26%	1.47%	1.48%	1.50%	3.36%	3.63%	3.69%	4.15%	4.07%
Coal India Ltd.	4.31%	4.61%	3.09%	3.02%	1.89%	1.96%	2.10%	2.17%	2.07%	2.09%	1.64%	1.61%	1.78%
Hero Motocorp Ltd.	2.43%	2.26%	1.80%	-	-	-	-	-	-	-	-	-	-
Oracle Financial Services Software Limited	2.50%	2.71%	2.84%	2.14%	2.24%	2.36%	2.36%	2.04%	1.91%	1.33%	1.35%	-	-
Colgate - Palmolive (India) Limited	2.75%	2.94%	3.09%	3.31%	2.66%	1.80%	1.94%	1.27%	1.22%	1.37%	1.01%	-	-