TRUSTMF Flexi Cap Fund - Regular 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

Fund House :

Portfolio Turnover Ratio : 280.00%. Category average turnover ratio is 182.12%. Fund manager updated portfolio more frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for shorter duration than peers)

Equity Holding : 91.53% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 91.53%

No of Stocks : 64 (Category Avg - 62.98) | Large Cap Investments : 17.62%| Mid Cap Investments : 16.86% | Small Cap Investments : 12.95% | Other : 44.14%

Portfolio Summary (as on 30th Sep,2025)

Particulars	This Scheme	Category
No. of Stocks	64	62.66
Top 5 Stock Weight	18.67%	25.47%
Top 10 Stock Weight	31.06%	40.34%
Top 3 Sector Weight	23.76%	30.73%

Category - Flexi Cap Fund

Particulars	This Scheme	Category
Average mcap (Cr)	39148.17	88390.12
Holdings in large cap stocks	17.62%	39.74%
Holdings in mid cap stocks	16.86%	12.7%
Holdings in small cap stocks	12.95%	11.35%

Category - Flexi Cap Fund

Top 10 Stocks holding in Portfolio (as on 30th Sep,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
ICICI Bank Ltd.	Private sector bank	507.7	4.54%	-2.03%	7.3% (Jul 2025)	4.54% (Sep 2025)	3.77 L	-1.44 L
HDFC Bank Ltd.	Private sector bank	469.7	4.20%	-2.14%	8.08% (Feb 2025)	4.2% (Sep 2025)	4.94 L	-2.44 L
Muthoot Finance Pvt. Ltd.	Non banking financial company (nbfc)	392	3.50%	1.70%	3.5% (Sep 2025)	0% (Oct 2024)	1.27 L	51.70 k
Bharat Electronics Ltd.	Aerospace & defense	362.7	3.24%	1.24%	3.24% (Sep 2025)	1.1% (Feb 2025)	8.98 L	2.97 L
Eternal Ltd.	E-retail/ e-commerce	357.6	3.19%	-0.18%	3.38% (Aug 2025)	0% (Oct 2024)	10.99 L	-0.94 L
Bajaj Finance Ltd.	Non banking financial company (nbfc)	321.8	2.87%	0.50%	4.3% (Feb 2025)	0% (Oct 2024)	3.22 L	22.87 k
# Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	296.4	2.65%	2.65%	2.65% (Sep 2025)	0% (Oct 2024)	18.49 k	18.49 k
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	282	2.52%	-0.25%	3.93% (Apr 2025)	2.14% (Dec 2024)	1.50 L	-0.12 L
Vishal Mega Mart Ltd.	Diversified retail	243.7	2.18%	-0.03%	2.21% (Aug 2025)	0% (Oct 2024)	16.36 L	0.00
TVS Motor Company Ltd.	2/3 wheelers	242.6	2.17%	0.08%	2.17% (Sep 2025)	1.06% (Jul 2025)	70.56 k	0.00

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

View complete holding

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

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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
ICICI Bank Ltd.	Private sector bank	8.74	507.7	4.54%	-2.03%	7.3% (Jul 2025)	4.54% (Sep 2025)	3.77 L	-1.44 L	Large Cap	17.62
HDFC Bank Ltd.	Private sector bank	8.74	469.7	4.20%	-2.14%	8.08% (Feb 2025)	4.2% (Sep 2025)	4.94 L	-2.44 L	Other	44.14
Muthoot Finance Pvt. Ltd.	Non banking financial company (nbfc)	6.37	392	3.50%	1.70%	3.5% (Sep 2025)	0% (Oct 2024)	1.27 L	51.70 k	Mid Cap	16.86
Bharat Electronics Ltd.	Aerospace & defense	8.65	362.7	3.24%	1.24%	3.24% (Sep 2025)	1.1% (Feb 2025)	8.98 L	2.97 L	Mid Cap	16.86
Eternal Ltd.	E-retail/ e-commerce	3.72	357.6	3.19%	-0.18%	3.38% (Aug 2025)	0% (Oct 2024)	10.99 L	-0.94 L	Other	44.14
Bajaj Finance Ltd.	Non banking financial company (nbfc)	6.37	321.8	2.87%	0.50%	4.3% (Feb 2025)	0% (Oct 2024)	3.22 L	22.87 k	Other	44.14
# Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	5.34	296.4	2.65%	2.65%	2.65% (Sep 2025)	0% (Oct 2024)	18.49 k	18.49 k	Large Cap	17.62
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	2.52	282	2.52%	-0.25%	3.93% (Apr 2025)	2.14% (Dec 2024)	1.50 L	-0.12 L	Large Cap	17.62
Vishal Mega Mart Ltd.	Diversified retail	2.18	243.7	2.18%	-0.03%	2.21% (Aug 2025)	0% (Oct 2024)	16.36 L	0.00	Other	44.14
TVS Motor Company Ltd.	2/3 wheelers	4.69	242.6	2.17%	0.08%	2.17% (Sep 2025)	1.06% (Jul 2025)	70.56 k	0.00	Mid Cap	16.86
Infosys Ltd.	Computers - software & consulting	5.27	216.5	1.93%	-0.32%	3.95% (Jan 2025)	1.93% (Sep 2025)	1.50 L	-0.20 L	Large Cap	17.62
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	5.34	214	1.91%	-0.32%	2.94% (Jan 2025)	0.97% (Oct 2024)	62.44 k	-0.15 L	Large Cap	17.62
Ami Organics Ltd.	Pharmaceuticals	5.83	212.7	1.90%	-0.44%	2.34% (Aug 2025)	1.45% (Jun 2025)	1.61 L	-0.23 L	Other	44.14
Dixon Technologies (India) Ltd.	Consumer electronics	1.86	208.4	1.86%	-0.07%	2.3% (Dec 2024)	0% (Oct 2024)	12.77 k	-22.00	Other	44.14
Apollo Micro Systems Ltd.	Aerospace & defense	8.65	200.8	1.79%	-0.09%	1.88% (Aug 2025)	0% (Oct 2024)	6.16 L	-1.76 L	Other	44.14
# L&T Finance Holdings Ltd.	Investment company	1.74	194.3	1.74%	1.74%	1.74% (Sep 2025)	0% (Oct 2024)	7.79 L	7.79 L	Mid Cap	16.86
# Indian Bank	Public sector bank	3.2	190.2	1.70%	1.70%	1.7% (Sep 2025)	0% (Oct 2024)	2.53 L	2.53 L	Mid Cap	16.86
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	1.7	189.9	1.70%	0.21%	2.48% (Oct 2024)	1.2% (Mar 2025)	24.36 k	2.09 k	Small Cap	12.95
# Hindustan Aeronautics Ltd.	Aerospace & defense	8.65	182.2	1.63%	1.63%	2.63% (Mar 2025)	0% (Oct 2024)	38.38 k	38.38 k	Other	44.14
HDFC Asset Management Co. Ltd.	Asset management company	1.59	178.2	1.59%	-0.29%	1.93% (Jul 2025)	0% (Oct 2024)	32.21 k	-5.98 k	Large Cap	17.62
Fortis Healthcare Ltd.	Hospital	3.64	177.6	1.59%	0.08%	1.59% (Sep 2025)	0% (Oct 2024)	1.83 L	0.00	Other	44.14
# Eicher Motors Ltd.	2/3 wheelers	4.69	172.5	1.54%	1.54%	1.54% (Sep 2025)	0% (Oct 2024)	24.63 k	24.63 k	Other	44.14
# State Bank Of India	Public sector bank	3.2	167.9	1.50%	1.50%	1.96% (Nov 2024)	0% (Oct 2024)	1.92 L	1.92 L	Large Cap	17.62
Cummins India Ltd.	Compressors, pumps & diesel engines	1.48	165.4	1.48%	0.17%	1.48% (Sep 2025)	0% (Oct 2024)	42.12 k	4.26 k	Mid Cap	16.86
Kaynes Technology India Private Ltd.	Industrial products	1.91	158	1.41%	0.45%	1.76% (Apr 2025)	0% (Oct 2024)	22.41 k	4.96 k	Other	44.14
Shaily Engineering Plastics Ltd.	Plastic products - industrial	1.4	156.3	1.40%	0.19%	1.4% (Sep 2025)	0% (Oct 2024)	71.78 k	12.09 k	Other	44.14
Apollo Hospitals Enterprises Ltd.	Hospital	3.64	155.1	1.39%	-0.05%	1.44% (Aug 2025)	0% (Oct 2024)	20.93 k	0.00	Mid Cap	16.86
Coforge Ltd.	Computers - software & consulting	5.27	151.4	1.35%	-0.29%	2.56% (Dec 2024)	0.86% (Apr 2025)	95.14 k	-0.10 L	Other	44.14
GE T&D India Ltd.	Heavy electrical equipment	2.31	149.5	1.34%	0.54%	1.34% (Sep 2025)	0% (Oct 2024)	50.50 k	18.93 k	Small Cap	12.95
Radico Khaitan Ltd.	Breweries & distilleries	1.31	146.4	1.31%	-0.73%	2.04% (Aug 2025)	0.92% (Feb 2025)	50.71 k	-0.28 L	Small Cap	12.95
Motilal Oswal Financial Services Ltd.	Stockbroking & allied	1.3	145.4	1.30%	-0.20%	1.57% (Jul 2025)	0% (Oct 2024)	1.63 L	-0.31 L	Small Cap	12.95
# Anant Raj Industries Ltd.	Residential, commercial projects	1.26	141.1	1.26%	1.26%	1.38% (Mar 2025)	0% (Oct 2024)	2.02 L	2.02 L	Small Cap	12.95
Zinka Logistics Solutions Ltd.	Logistics solution provider	1.24	138.3	1.24%	0.17%	1.24% (Sep 2025)	0% (Oct 2024)	2.22 L	37.46 k	Other	44.14
Data Patterns India Ltd.	Aerospace & defense	8.65	135.2	1.21%	0.38%	1.21% (Sep 2025)	0% (Oct 2024)	53.05 k	15.01 k	Other	44.14
UNO Minda Ltd.	Auto components & equipments	1.82	126.9	1.13%	0.15%	1.13% (Sep 2025)	0% (Oct 2024)	97.70 k	12.64 k	Small Cap	12.95
Prudent Corporate Advisory Services Ltd.	Financial products distributor	1.09	122.4	1.09%	-0.11%	2.07% (Oct 2024)	0.75% (Feb 2025)	47.46 k	0.00	Other	44.14
Neuland Laboratories Ltd.	Pharmaceuticals	5.83	120.5	1.08%	0.60%	1.08% (Sep 2025)	0% (Oct 2024)	8.25 k	4.34 k	Small Cap	12.95
# Mphasis Ltd.	Computers - software & consulting	5.27	117.3	1.05%	1.05%	1.05% (Sep 2025)	0% (Oct 2024)	44.19 k	44.19 k	Mid Cap	16.86
CreditAccess Grameen Ltd.	Microfinance institutions	1.03	115.3	1.03%	-0.05%	1.08% (Aug 2025)	0% (Oct 2024)	85.18 k	0.00	Small Cap	12.95
One 97 Communications Ltd.	Financial technology (fintech)	1.03	115.2	1.03%	-0.45%	1.48% (Aug 2025)	0% (Oct 2024)	1.03 L	-0.34 L	Other	44.14
# Netweb Technologies India Ltd.	Computers hardware & equipments	1.01	113.1	1.01%	1.01%	1.01% (Sep 2025)	0% (Oct 2024)	30.99 k	30.99 k	Other	44.14
Le Travenues Technology Ltd.	Tour, travel related services	1.01	112.6	1.01%	0.17%	1.01% (Sep 2025)	0% (Oct 2024)	4.25 L	82.08 k	Other	44.14
Garuda Construction And Engineering Ltd.	Civil construction	1	112	1.00%	-0.18%	1.29% (Dec 2024)	0.62% (May 2025)	6.06 L	0.00	Other	44.14
- Lupin Ltd.	Pharmaceuticals	5.83	109.8	0.98%	0.00%	2.15% (Oct 2024)	0% (Oct 2024)	57.45 k	0.00	Large Cap	17.62
# CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	2.31	108.5	0.97%	0.97%	1.55% (Mar 2025)	0% (Oct 2024)	1.46 L	1.46 L	Small Cap	12.95
# Ather Energy Ltd.	2/3 wheelers	4.69	106.7	0.95%	0.95%	0.95% (Sep 2025)	0% (Oct 2024)	1.89 L	1.89 L	Other	44.14
Persistent Systems Ltd.	Computers - software & consulting	5.27	105.6	0.94%	-0.55%	2.65% (Dec 2024)	0.89% (Apr 2025)	21.90 k	-9.30 k	Other	44.14
Smartworks Coworking Spaces Ltd.	Diversified commercial services	0.88	98.9	0.88%	0.11%	0.88% (Sep 2025)	0% (Oct 2024)	1.76 L	0.00	Other	44.14
Veranda Learning Solutions Ltd.	E-learning	0.87	97	0.87%	-0.01%	0.94% (Jul 2025)	0% (Oct 2024)	4.44 L	0.00	Other	44.14
Sagility India Ltd.	It enabled services	0.8	89.6	0.80%	-0.35%	1.15% (Aug 2025)	0% (Oct 2024)	21.01 L	-8.02 L	Other	44.14
# Bharat Dynamics Ltd.	Aerospace & defense	8.65	87.8	0.78%	0.78%	2.21% (Mar 2025)	0% (Oct 2024)	58.80 k	58.80 k	Other	44.14
Hyundai Motor India Ltd.	Passenger cars & utility vehicles	5.34	86.8	0.78%	-0.35%	1.16% (Jul 2025)	0% (Oct 2024)	33.59 k	-0.17 L	Other	44.14
# Amber Enterprises India Ltd.	Household appliances	0.7	78.4	0.70%	0.70%	0.7% (Sep 2025)	0% (Oct 2024)	9.69 k	9.69 k	Small Cap	12.95
Belrise Industries Ltd.	Auto components & equipments	1.82	77.3	0.69%	0.07%	0.69% (Sep 2025)	0% (Oct 2024)	4.91 L	0.00	Other	44.14
Onesource Specialty Pharma Ltd.	Pharmaceuticals	5.83	73.8	0.66%	0.01%	0.67% (Jul 2025)	0% (Oct 2024)	40.11 k	2.38 k	Other	44.14
Krishna Institute of Medical Sciences Ltd.	Hospital	3.64	73.5	0.66%	-0.03%	1% (Jul 2025)	0% (Oct 2024)	1.05 L	0.00	Other	44.14
Wockhardt Ltd.	Pharmaceuticals	5.83	69.3	0.62%	-0.56%	1.87% (Nov 2024)	0.62% (Sep 2025)	45.72 k	-0.46 L	Small Cap	12.95
# Glenmark Pharmaceuticals Ltd.	Pharmaceuticals	5.83	66	0.59%	0.59%	0.68% (Jul 2025)	0% (Oct 2024)	33.79 k	33.79 k	Mid Cap	16.86
Cartrade Tech Ltd.	E-retail/ e-commerce	3.72	58.9	0.53%	-0.26%	0.79% (Aug 2025)	0% (Oct 2024)	24.03 k	-0.12 L	Other	44.14
# Bharat Earth Movers Ltd.	Construction vehicles	0.51	56.8	0.51%	0.51%	0.93% (Jul 2025)	0% (Oct 2024)	13.61 k	13.61 k	Small Cap	12.95
# Syrma SGS Technology Ltd.	Industrial products	1.91	56	0.50%	0.50%	0.5% (Sep 2025)	0% (Oct 2024)	73.00 k	73.00 k	Other	44.14
Sai Life Sciences Ltd.	Petrochemicals	0.4	44.5	0.40%	-0.03%	0.43% (Aug 2025)	0% (Oct 2024)	51.68 k	-5.72 k	Other	44.14
# Ellenbarrie Industrial Gases Ltd.	Industrial gases	0.17	19	0.17%	0.17%	0.17% (Sep 2025)	0% (Oct 2024)	40.42 k	40.42 k	Other	44.14
# TVS Motor Company Ltd. - Preference Shares	2/3 wheelers	4.69	2.8	0.03%	0.00%	0% (Nov 2025)	0% (Nov 2025)	2.82 L	0.00	Other	44.14
Reliance Industries Ltd.	Refineries & marketing		370.7	0.00%	-3.35%	-	-	-	-	Large Cap	17.62
Prestige Estates Projects Ltd.	Residential, commercial projects	1.26	180.8	0.00%	-1.63%	-	-	-	-	Mid Cap	16.86
Coromandel International Ltd.	Fertilizers		102.6	0.00%	-0.93%	-	-	-	-	Mid Cap	16.86
Hexaware Technologies Ltd.	Computers - software & consulting	5.27	74	0.00%	-0.67%	-	-	-	-	Other	44.14
Endurance Technologies Ltd.	Auto components & equipments	1.82	125	0.00%	-1.13%	-	-	-	-	Mid Cap	16.86
City Union Bank Ltd.	Private sector bank	8.74	113.2	0.00%	-1.02%	-	-	-	-	Mid Cap	16.86
Larsen & Toubro Ltd.	Civil construction	1	198.1	0.00%	-1.79%	-	-	-	-	Large Cap	17.62
Navin Flourine International Ltd.	Commodity chemicals		144.3	0.00%	-1.30%	-	-	-	-	Small Cap	12.95
Max Financial Services Ltd.	Life insurance		113.7	0.00%	-1.03%	-	-	-	-	Mid Cap	16.86
Indian Hotels Company Limited	Hotels & resorts		53.8	0.00%	-0.49%	-	-	-	-	Mid Cap	16.86
PB Fintech Ltd.	Financial technology (fintech)	1.03	120	0.00%	-1.08%	-	-	-	-	Other	44.14
Max Healthcare Institute Ltd.	Hospital	3.64	105.7	0.00%	-0.95%	-	-	-	-	Other	44.14
InterGlobe Aviation Ltd.	Airline		191.9	0.00%	-1.73%	-	-	-	-	Large Cap	17.62
Landmark Cars Ltd.	Auto dealer		9.3	0.00%	-0.08%	-	-	-	-	Other	44.14
ABB Power Products and Systems India Ltd.	Heavy electrical equipment	2.31	127.3	0.00%	-1.15%	-	-	-	-	Other	44.14
J.K. Cement Ltd.	Cement & cement products		143.7	0.00%	-1.30%	-	-	-	-	Small Cap	12.95

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

New Stocks added in Portfolio (in 1 month period ending 30th Sep,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Anant Raj Industries Ltd.	Residential, commercial projects	141.1	1.26%	1.26%	1.38% (Mar 2025)	0% (Oct 2024)	2.02 L	202126
# Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	296.4	2.65%	2.65%	2.65% (Sep 2025)	0% (Oct 2024)	18.49 k	18494
# CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	108.5	0.97%	0.97%	1.55% (Mar 2025)	0% (Oct 2024)	1.46 L	146433
# L&T Finance Holdings Ltd.	Investment company	194.3	1.74%	1.74%	1.74% (Sep 2025)	0% (Oct 2024)	7.79 L	779257
# Bharat Dynamics Ltd.	Aerospace & defense	87.8	0.78%	0.78%	2.21% (Mar 2025)	0% (Oct 2024)	58.80 k	58799
# Eicher Motors Ltd.	2/3 wheelers	172.5	1.54%	1.54%	1.54% (Sep 2025)	0% (Oct 2024)	24.63 k	24628
# Ellenbarrie Industrial Gases Ltd.	Industrial gases	19	0.17%	0.17%	0.17% (Sep 2025)	0% (Oct 2024)	40.42 k	40420
# Glenmark Pharmaceuticals Ltd.	Pharmaceuticals	66	0.59%	0.59%	0.68% (Jul 2025)	0% (Oct 2024)	33.79 k	33786
# Amber Enterprises India Ltd.	Household appliances	78.4	0.70%	0.70%	0.7% (Sep 2025)	0% (Oct 2024)	9.69 k	9693
# State Bank Of India	Public sector bank	167.9	1.50%	1.50%	1.96% (Nov 2024)	0% (Oct 2024)	1.92 L	192486
# Mphasis Ltd.	Computers - software & consulting	117.3	1.05%	1.05%	1.05% (Sep 2025)	0% (Oct 2024)	44.19 k	44186
# Hindustan Aeronautics Ltd.	Aerospace & defense	182.2	1.63%	1.63%	2.63% (Mar 2025)	0% (Oct 2024)	38.38 k	38383
# Indian Bank	Public sector bank	190.2	1.70%	1.70%	1.7% (Sep 2025)	0% (Oct 2024)	2.53 L	253364
# Ather Energy Ltd.	2/3 wheelers	106.7	0.95%	0.95%	0.95% (Sep 2025)	0% (Oct 2024)	1.89 L	188684
# Bharat Earth Movers Ltd.	Construction vehicles	56.8	0.51%	0.51%	0.93% (Jul 2025)	0% (Oct 2024)	13.61 k	13606
# Syrma SGS Technology Ltd.	Industrial products	56	0.50%	0.50%	0.5% (Sep 2025)	0% (Oct 2024)	73.00 k	73003
# Netweb Technologies India Ltd.	Computers hardware & equipments	113.1	1.01%	1.01%	1.01% (Sep 2025)	0% (Oct 2024)	30.99 k	30986

Stocks removed from Portfolio (in 1 month period ending 30th Sep,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	1M Change in Qty
Reliance Industries Ltd.	Refineries & marketing	370.7	0.00%	-3.35%	3.58% (Jun 2025)	0% (Oct 2024)	-273104
Prestige Estates Projects Ltd.	Residential, commercial projects	180.8	0.00%	-1.63%	1.68% (Jul 2025)	0% (Oct 2024)	-115763
Coromandel International Ltd.	Fertilizers	102.6	0.00%	-0.93%	1.65% (Jul 2025)	0% (Oct 2024)	-44410
Hexaware Technologies Ltd.	Computers - software & consulting	74	0.00%	-0.67%	0.67% (Aug 2025)	0% (Oct 2024)	-97648
Endurance Technologies Ltd.	Auto components & equipments	125	0.00%	-1.13%	1.13% (Aug 2025)	0% (Oct 2024)	-43562
City Union Bank Ltd.	Private sector bank	113.2	0.00%	-1.02%	1.02% (Aug 2025)	0% (Oct 2024)	-577510
Larsen & Toubro Ltd.	Civil construction	198.1	0.00%	-1.79%	2.28% (Nov 2024)	0% (Oct 2024)	-55023
Navin Flourine International Ltd.	Commodity chemicals	144.3	0.00%	-1.30%	1.39% (Jul 2025)	0% (Oct 2024)	-30786
Max Financial Services Ltd.	Life insurance	113.7	0.00%	-1.03%	1.62% (Jun 2025)	0% (Oct 2024)	-70949
Indian Hotels Company Limited	Hotels & resorts	53.8	0.00%	-0.49%	2% (Dec 2024)	0% (Oct 2024)	-70959
PB Fintech Ltd.	Financial technology (fintech)	120	0.00%	-1.08%	1.8% (Dec 2024)	0% (Oct 2024)	-67759
Max Healthcare Institute Ltd.	Hospital	105.7	0.00%	-0.95%	1.99% (Jul 2025)	0% (Oct 2024)	-91548
InterGlobe Aviation Ltd.	Airline	191.9	0.00%	-1.73%	1.79% (Jul 2025)	0% (Oct 2024)	-33992
Landmark Cars Ltd.	Auto dealer	9.3	0.00%	-0.08%	0.08% (Aug 2025)	0% (Oct 2024)	-15405
ABB Power Products and Systems India Ltd.	Heavy electrical equipment	127.3	0.00%	-1.15%	1.2% (Jul 2025)	0% (Oct 2024)	-6660
J.K. Cement Ltd.	Cement & cement products	143.7	0.00%	-1.30%	1.76% (Jul 2025)	0% (Oct 2024)	-20680

Trend in stock holdings (Top 15 Holding)

Stock	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024	Oct 2024	Sep 2024
HDFC Bank Ltd.	4.20%	6.34%	7.27%	7.53%	7.30%	7.67%	7.78%	8.08%	7.26%	5.80%	5.64%	4.21%	4.26%
ICICI Bank Ltd.	4.54%	6.56%	7.30%	6.20%	6.97%	6.57%	5.74%	6.28%	6.52%	4.93%	5.38%	5.19%	3.89%
Reliance Industries Ltd.	-	3.35%	3.39%	3.58%	3.38%	2.53%	-	3.32%	3.42%	-	-	-	2.14%
Eternal Ltd.	3.19%	3.38%	2.99%	-	-	2.75%	2.69%	-	-	-	-	-	-
Zomato Ltd.	-	-	-	-	-	-	-	1.10%	-	1.65%	1.54%	1.26%	2.23%
Bajaj Finance Ltd.	2.87%	2.37%	2.56%	2.59%	2.36%	2.40%	4.20%	4.30%	1.93%	-	-	-	-
Infosys Ltd.	1.93%	2.25%	2.18%	2.94%	2.80%	1.96%	2.57%	3.61%	3.95%	3.09%	3.29%	3.20%	2.87%
Bharti Airtel Ltd.	2.52%	2.76%	2.77%	3.12%	3.22%	3.93%	2.17%	3.79%	2.82%	2.14%	2.20%	2.34%	2.86%
Maruti Suzuki India Ltd.	2.65%	-	-	-	-	-	-	-	-	-	-	-	-
Tata Consultancy Services Ltd.	-	-	-	-	-	-	-	2.20%	2.83%	-	-	-	-
Bharat Electronics Ltd.	3.24%	2.00%	1.76%	2.83%	2.50%	1.75%	2.11%	1.10%	2.19%	1.76%	1.88%	1.43%	0.75%
Axis Bank Ltd.	-	-	-	2.09%	2.26%	2.02%	1.61%	1.62%	-	-	-	-	-
Muthoot Finance Pvt. Ltd.	3.50%	1.80%	1.57%	1.50%	-	2.00%	1.53%	1.96%	1.24%	-	-	-	-
Larsen & Toubro Ltd.	-	1.79%	1.50%	1.85%	2.12%	1.60%	1.88%	1.60%	2.20%	2.05%	2.28%	-	-
Ami Organics Ltd.	1.90%	2.34%	2.09%	1.45%	1.58%	1.64%	2.00%	1.53%	2.00%	1.92%	2.07%	2.05%	1.63%
ITC Limited	-	-	-	-	-	-	-	1.60%	2.26%	1.70%	-	-	-