Union Equity Savings 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.

Category : Equity Savings

Portfolio Turnover Ratio : 637.00%. Category average turnover ratio is 749.58%. 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 : 67.74% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 67.74%

No of Stocks : 72 (Category Avg - 76.88) | Large Cap Investments : 33.32%| Mid Cap Investments : 14.13% | Small Cap Investments : 4.9% | Other : 15.39%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	72	69.84
Top 5 Stock Weight	16.72%	23.3%
Top 10 Stock Weight	26.83%	36.22%
Top 3 Sector Weight	22.12%	26.18%

Category - Equity Savings

Particulars	This Scheme	Category
Average mcap (Cr)	80661.61	106470.13
Holdings in large cap stocks	33.32%	42.8%
Holdings in mid cap stocks	14.13%	6.8%
Holdings in small cap stocks	4.9%	3.44%

Category - Equity Savings

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
HDFC Bank Ltd.	Private sector bank	60.5	4.32%	0.04%	4.32% (Oct 2025)	3.07% (Jan 2025)	61.25 k
Bajaj Finance Ltd.	Non banking financial company (nbfc)	54.7	3.91%	0.06%	3.91% (Oct 2025)	0.28% (Nov 2024)	52.45 k
ICICI Bank Ltd.	Private sector bank	43.8	3.13%	-0.10%	3.23% (Sep 2025)	1.91% (Feb 2025)	32.58 k
Indus Towers Ltd.	Telecom - infrastructure	42	3.00%	0.09%	3.5% (Jun 2025)	0% (Nov 2024)	1.16 L
Dixon Technologies (India) Ltd.	Consumer electronics	33	2.36%	-0.20%	2.56% (Sep 2025)	0.34% (Mar 2025)	2.13 k
Kotak Mahindra Bank Ltd.	Private sector bank	32.2	2.30%	0.06%	2.71% (Apr 2025)	1.61% (Nov 2024)	15.32 k
Reliance Industries Ltd.	Refineries & marketing	31.2	2.23%	0.12%	3.4% (Jan 2025)	2.11% (Sep 2025)	21.00 k
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	28.9	2.07%	0.13%	3.18% (Apr 2025)	1.9% (Jul 2025)	14.08 k
RBL Bank Ltd.	Private sector bank	24.9	1.78%	0.23%	1.78% (Oct 2025)	0% (Nov 2024)	76.20 k
Larsen & Toubro Ltd.	Civil construction	24.3	1.73%	0.11%	1.73% (Oct 2025)	1.41% (Jul 2025)	6.02 k

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

View complete holding

Complete equity Portfolio (as on 31st Oct,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
HDFC Bank Ltd.	Private sector bank	14.14	60.5	4.32%	0.04%	4.32% (Oct 2025)	3.07% (Jan 2025)	61.25 k	0.00	Other	15.39
Bajaj Finance Ltd.	Non banking financial company (nbfc)	4.69	54.7	3.91%	0.06%	3.91% (Oct 2025)	0.28% (Nov 2024)	52.45 k	0.00	Other	15.39
ICICI Bank Ltd.	Private sector bank	14.14	43.8	3.13%	-0.10%	3.23% (Sep 2025)	1.91% (Feb 2025)	32.58 k	0.00	Large Cap	33.32
Indus Towers Ltd.	Telecom - infrastructure	3	42	3.00%	0.09%	3.5% (Jun 2025)	0% (Nov 2024)	1.16 L	0.00	Large Cap	33.32
Dixon Technologies (India) Ltd.	Consumer electronics	2.36	33	2.36%	-0.20%	2.56% (Sep 2025)	0.34% (Mar 2025)	2.13 k	0.00	Other	15.39
Kotak Mahindra Bank Ltd.	Private sector bank	14.14	32.2	2.30%	0.06%	2.71% (Apr 2025)	1.61% (Nov 2024)	15.32 k	0.00	Large Cap	33.32
Reliance Industries Ltd.	Refineries & marketing	2.23	31.2	2.23%	0.12%	3.4% (Jan 2025)	2.11% (Sep 2025)	21.00 k	0.00	Large Cap	33.32
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	2.07	28.9	2.07%	0.13%	3.18% (Apr 2025)	1.9% (Jul 2025)	14.08 k	0.00	Large Cap	33.32
RBL Bank Ltd.	Private sector bank	14.14	24.9	1.78%	0.23%	1.78% (Oct 2025)	0% (Nov 2024)	76.20 k	0.00	Mid Cap	14.13
Larsen & Toubro Ltd.	Civil construction	1.92	24.3	1.73%	0.11%	1.73% (Oct 2025)	1.41% (Jul 2025)	6.02 k	0.00	Large Cap	33.32
Tata Consumer Products Ltd.	Tea & coffee	1.65	23.1	1.65%	0.01%	1.67% (Apr 2025)	0% (Nov 2024)	19.80 k	0.00	Mid Cap	14.13
Grasim Industries Limited	Cement & cement products	2.04	22.4	1.60%	0.03%	1.6% (Oct 2025)	1.36% (Feb 2025)	7.75 k	0.00	Large Cap	33.32
Titan Company Ltd.	Gems, jewellery and watches	1.59	22.3	1.59%	0.12%	1.59% (Oct 2025)	0% (Nov 2024)	5.95 k	0.00	Large Cap	33.32
State Bank Of India	Public sector bank	1.51	21.1	1.51%	0.07%	1.51% (Oct 2025)	0.55% (Feb 2025)	22.51 k	0.00	Large Cap	33.32
Tata Consultancy Services Ltd.	Computers - software & consulting	3.29	20.9	1.49%	0.04%	2.26% (Jan 2025)	1.34% (Jul 2025)	6.83 k	0.00	Large Cap	33.32
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	2.52	20.8	1.49%	-0.01%	1.5% (Sep 2025)	1.16% (Mar 2025)	5.96 k	0.00	Large Cap	33.32
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	1.4	19.6	1.40%	0.18%	1.4% (Oct 2025)	0% (Nov 2024)	2.13 k	0.00	Small Cap	4.9
Axis Bank Ltd.	Private sector bank	14.14	19.4	1.39%	0.08%	2.49% (Apr 2025)	0.35% (Dec 2024)	15.72 k	0.00	Large Cap	33.32
Tata Power Co. Ltd.	Integrated power utilities	1.39	19.4	1.39%	0.02%	1.39% (Nov 2024)	1.19% (Aug 2025)	47.85 k	0.00	Mid Cap	14.13
DLF Ltd.	Residential, commercial projects	3.1	18.7	1.34%	0.04%	1.49% (Jun 2025)	1.2% (Feb 2025)	24.75 k	0.00	Large Cap	33.32
Rural Electrification Corporation Limited	Financial institution	1.33	18.6	1.33%	-0.03%	1.55% (Mar 2025)	0.09% (Feb 2025)	49.73 k	0.00	Mid Cap	14.13
Tata Steel Ltd.	Iron & steel products	1.34	14.5	1.03%	0.05%	1.03% (Oct 2025)	0.19% (Aug 2025)	79.13 k	0.00	Other	15.39
Godrej Properties Ltd.	Residential, commercial projects	3.1	14.4	1.03%	0.12%	1.03% (Oct 2025)	0% (Nov 2024)	6.30 k	0.00	Mid Cap	14.13
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	2.52	14.3	1.03%	-0.01%	1.53% (Nov 2024)	0.33% (Mar 2025)	886.00	0.00	Large Cap	33.32
Federal Bank Ltd.	Private sector bank	14.14	14.2	1.01%	0.16%	1.01% (Oct 2025)	0% (Nov 2024)	60.00 k	0.00	Mid Cap	14.13
Hindalco Industries Ltd.	Aluminium	0.98	13.7	0.98%	0.08%	0.98% (Oct 2025)	0.7% (Dec 2024)	16.12 k	0.00	Large Cap	33.32
Adani Ports And Special Economic Zone Ltd.	Port & port services	0.94	13.1	0.94%	0.01%	0.94% (Oct 2025)	0.72% (Jan 2025)	9.03 k	0.00	Large Cap	33.32
Adani Enterprises Ltd.	Trading - minerals	0.9	12.7	0.90%	-0.04%	0.96% (Jun 2025)	0.76% (Aug 2025)	5.10 k	0.00	Mid Cap	14.13
Infosys Ltd.	Computers - software & consulting	3.29	12.2	0.87%	-0.01%	1.99% (Nov 2024)	0.81% (Jul 2025)	8.26 k	0.00	Large Cap	33.32
ITC Limited	Diversified fmcg	1.52	11.7	0.84%	0.02%	2.2% (Dec 2024)	0.81% (Jul 2025)	27.90 k	0.00	Large Cap	33.32
Tube Investments Of India Ltd.	Auto components & equipments	1.49	11.5	0.82%	-0.05%	2.32% (Jun 2025)	0% (Nov 2024)	3.80 k	0.00	Small Cap	4.9
SBI Life Insurance Co Ltd.	Life insurance	1.29	11	0.79%	0.05%	1.44% (Jun 2025)	0.74% (Sep 2025)	5.63 k	0.00	Large Cap	33.32
Prestige Estates Projects Ltd.	Residential, commercial projects	3.1	10.2	0.73%	0.08%	0.73% (Oct 2025)	0% (Nov 2024)	5.85 k	0.00	Mid Cap	14.13
Crompton Greaves Consumer Electricals Ltd.	Household appliances	0.95	9.7	0.69%	-0.04%	0.73% (Sep 2025)	0.2% (Jul 2025)	34.20 k	0.00	Mid Cap	14.13
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	1.55	9.6	0.68%	0.02%	0.77% (Dec 2024)	0.6% (Aug 2025)	5.65 k	0.00	Large Cap	33.32
Hindustan Unilever Ltd.	Diversified fmcg	1.52	9.5	0.68%	-0.03%	1.43% (Aug 2025)	0.68% (Oct 2025)	3.85 k	0.00	Large Cap	33.32
Gabriel India Ltd.	Auto components & equipments	1.49	9.4	0.67%	0.03%	0.67% (Oct 2025)	0.23% (Nov 2024)	7.36 k	0.00	Small Cap	4.9
Eternal Ltd.	E-retail/ e-commerce	0.66	9.2	0.66%	-0.03%	1.52% (Feb 2025)	0.27% (Mar 2025)	28.91 k	0.00	Other	15.39
- Krishna Institute of Medical Sciences Ltd.	Hospital	0.92	8.7	0.62%	0.00%	0.62% (Sep 2025)	0% (Nov 2024)	12.10 k	0.00	Other	15.39
- Lupin Ltd.	Pharmaceuticals	1.55	7.9	0.56%	0.00%	0.68% (Dec 2024)	0.5% (Jul 2025)	4.00 k	0.00	Large Cap	33.32
- TVS Motor Company Ltd.	2/3 wheelers	0.56	7.6	0.55%	0.00%	0.55% (Sep 2025)	0.3% (Dec 2024)	2.17 k	0.00	Mid Cap	14.13
Bharat Electronics Ltd.	Aerospace & defense	0.72	7.2	0.52%	0.02%	1.5% (Nov 2024)	0.29% (Mar 2025)	17.00 k	0.00	Mid Cap	14.13
Max Financial Services Ltd.	Life insurance	1.29	7	0.50%	-0.03%	0.87% (Jun 2025)	0.28% (Feb 2025)	4.54 k	0.00	Mid Cap	14.13
HCL Technologies Limited	Computers - software & consulting	3.29	7	0.50%	0.04%	2.3% (Nov 2024)	0.43% (Jul 2025)	4.51 k	0.00	Large Cap	33.32
Solar Industries India Ltd.	Explosives	0.5	6.9	0.50%	0.01%	0.63% (Jun 2025)	0% (Nov 2024)	500.00	0.00	Small Cap	4.9
Ultratech Cement Ltd.	Cement & cement products	2.04	6.2	0.44%	-0.03%	0.47% (Sep 2025)	0% (Nov 2024)	520.00	0.00	Large Cap	33.32
Shriram Finance Ltd.	Non banking financial company (nbfc)	4.69	6	0.43%	0.07%	0.43% (Oct 2025)	0.31% (Aug 2025)	7.98 k	0.00	Other	15.39
Gokaldas Exports Ltd.	Garments & apparels	0.37	5.2	0.37%	0.04%	0.44% (May 2025)	0.27% (Nov 2024)	6.15 k	0.00	Small Cap	4.9
Jio Financial Services Ltd.	Non banking financial company (nbfc)	4.69	4.9	0.35%	0.01%	0.55% (Jul 2025)	0.17% (Feb 2025)	15.85 k	0.00	Other	15.39
Coromandel International Ltd.	Fertilizers	0.34	4.8	0.34%	-0.03%	0.78% (Jun 2025)	0% (Nov 2024)	2.25 k	0.00	Mid Cap	14.13
CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	0.33	4.7	0.33%	-0.01%	0.34% (Sep 2025)	0.27% (Jul 2025)	6.32 k	0.00	Small Cap	4.9
J S W Energy Ltd.	Power generation	0.32	4.4	0.32%	-0.01%	0.33% (Mar 2025)	0.24% (Jan 2025)	8.40 k	0.00	Mid Cap	14.13
Abbott India Ltd.	Pharmaceuticals	1.55	4.3	0.31%	-0.01%	0.38% (Jun 2025)	0.29% (Jan 2025)	148.00	0.00	Mid Cap	14.13
- Jindal Steel Ltd.	Iron & steel products	1.34	4.3	0.31%	0.00%	0.31% (Sep 2025)	0% (Nov 2024)	4.00 k	0.00	Mid Cap	14.13
- Max Healthcare Institute Ltd.	Hospital	0.92	4.3	0.30%	0.00%	0.34% (Jun 2025)	0.26% (Nov 2024)	3.71 k	0.00	Other	15.39
Netweb Technologies India Ltd.	Computers hardware & equipments	0.29	4	0.29%	0.02%	0.29% (Oct 2025)	0% (Nov 2024)	1.00 k	0.00	Other	15.39
Jubilant Foodworks Ltd.	Restaurants	0.28	4	0.28%	-0.02%	0.3% (Sep 2025)	0% (Nov 2024)	6.60 k	0.00	Other	15.39
Mphasis Ltd.	Computers - software & consulting	3.29	3.9	0.28%	0.01%	0.56% (Nov 2024)	0.24% (Feb 2025)	1.40 k	0.00	Mid Cap	14.13
- Blue Star Ltd.	Household appliances	0.95	3.7	0.26%	0.00%	0.3% (Mar 2025)	0.21% (May 2025)	1.90 k	0.00	Small Cap	4.9
Cummins India Ltd.	Compressors, pumps & diesel engines	0.41	3.6	0.26%	0.02%	0.26% (Oct 2025)	0.17% (Feb 2025)	827.00	0.00	Mid Cap	14.13
Trent Limited	Speciality retail	0.23	3.2	0.23%	-0.01%	0.36% (Dec 2024)	0.22% (Jul 2025)	689.00	0.00	Mid Cap	14.13
Karur Vysya Bank Ltd	Private sector bank	14.14	2.9	0.21%	0.02%	0.21% (Oct 2025)	0.15% (Feb 2025)	12.11 k	0.00	Small Cap	4.9
Aadhar Housing Finance Ltd.	Housing finance company	0.2	2.8	0.20%	-0.01%	0.43% (Apr 2025)	0.18% (Jul 2025)	5.56 k	0.00	Other	15.39
Hindustan Aeronautics Ltd.	Aerospace & defense	0.72	2.8	0.20%	-0.01%	0.67% (Nov 2024)	0% (Nov 2024)	600.00	0.00	Other	15.39
Techno Electric & Engineering Co. Ltd.	Civil construction	1.92	2.7	0.19%	-0.01%	0.23% (Dec 2024)	0.15% (Mar 2025)	2.04 k	0.00	Small Cap	4.9
Kirloskar Oil Engines Ltd.	Compressors, pumps & diesel engines	0.41	2.1	0.15%	0.01%	0.17% (Nov 2024)	0.09% (Feb 2025)	2.13 k	0.00	Small Cap	4.9
Persistent Systems Ltd.	Computers - software & consulting	3.29	2.1	0.15%	0.02%	0.28% (Nov 2024)	0.12% (Jul 2025)	360.00	0.00	Other	15.39
- Power Grid Corporation of India Ltd.	Power - transmission	0.14	2	0.14%	0.00%	0.16% (Nov 2024)	0.13% (Aug 2025)	6.97 k	0.00	Large Cap	33.32
- KFIN Technologies Ltd.	Financial technology (fintech)	0.14	2	0.14%	0.00%	0.19% (Nov 2024)	0% (Nov 2024)	1.80 k	0.00	Other	15.39
Anthem Biosciences Ltd.	Biotechnology	0.07	1	0.07%	-0.01%	0.08% (Aug 2025)	0% (Nov 2024)	1.46 k	0.00	Other	15.39
- Digitide Solutions Ltd.	Business process outsourcing (bpo)/ knowledge process outsourcing (kpo)	0.07	1	0.07%	0.00%	0.09% (Jun 2025)	0% (Nov 2024)	6.20 k	0.00	Other	15.39
# TVS Motor Company Ltd. - Preference Shares	2/3 wheelers	0.56	0.1	0.01%	0.00%	0% (Dec 2025)	0% (Dec 2025)	8.69 k	0.00	Other	15.39
Quess Corp Ltd.	Business process outsourcing (bpo)/ knowledge process outsourcing (kpo)	0.07	1.6	0.00%	-0.12%	-	-	-	-	Small Cap	4.9

- 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	Quantity	1M Change in Qty
Quess Corp Ltd.	Business process outsourcing (bpo)/ knowledge process outsourcing (kpo)	1.6	0.00%	-0.12%	0.31% (Nov 2024)	0% (Nov 2024)	0.00	-6200

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
HDFC Bank Ltd.	4.32%	4.28%	3.88%	3.35%	3.69%	3.62%	3.53%	3.38%	3.22%	3.07%	3.51%	3.49%	3.50%
Indusind Bank Ltd.	-	-	-	-	-	-	-	-	2.08%	3.79%	-	-	-
Reliance Industries Ltd.	2.23%	2.11%	2.55%	2.53%	3.04%	2.91%	2.89%	2.65%	3.31%	3.40%	3.19%	3.33%	3.56%
Indus Towers Ltd.	3.00%	2.91%	2.61%	2.71%	3.50%	3.22%	3.44%	2.84%	2.85%	2.98%	-	0.85%	0.85%
Bharti Airtel Ltd.	2.07%	1.94%	1.93%	1.90%	2.22%	2.77%	3.18%	2.99%	2.80%	2.82%	2.70%	2.71%	1.32%
ICICI Bank Ltd.	3.13%	3.23%	3.03%	3.12%	2.29%	2.32%	2.30%	2.19%	1.91%	1.93%	1.93%	1.93%	1.98%
Kotak Mahindra Bank Ltd.	2.30%	2.24%	2.20%	2.16%	2.62%	2.54%	2.71%	2.69%	2.32%	1.80%	1.66%	1.61%	1.64%
InterGlobe Aviation Ltd.	-	-	0.45%	0.50%	2.63%	2.36%	2.76%	2.72%	2.46%	2.31%	2.39%	1.78%	1.71%
Kaynes Technology India Private Ltd.	-	-	1.88%	-	-	-	-	-	-	-	-	-	-
Tata Consultancy Services Ltd.	1.49%	1.45%	1.40%	1.34%	1.85%	1.87%	1.87%	1.97%	1.97%	2.26%	2.21%	2.26%	2.18%
Tube Investments Of India Ltd.	0.82%	0.87%	1.97%	1.91%	2.32%	2.30%	2.19%	2.11%	-	-	-	-	-
Hero Motocorp Ltd.	-	-	-	-	-	-	-	-	-	-	1.59%	1.78%	1.93%
Axis Bank Ltd.	1.39%	1.31%	2.01%	1.99%	2.49%	2.49%	2.49%	2.34%	2.11%	1.89%	0.35%	0.37%	0.39%
National Thermal Power Corporation Ltd.	-	-	-	-	-	-	-	-	-	-	1.16%	1.72%	2.01%
Divis Laboratories Ltd.	-	-	-	-	-	-	-	-	-	-	1.59%	1.58%	1.57%

No of Debt Holding 7 (Category Avg - 15.96) | Modified Duration 2.07 Years (Category Avg - 2.57)| Yield to Maturity 6.26% (Category Avg - 6.39%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	0.00%	8.94%
CD	0.00%	0.37%
T-Bills	4.00%	0.55%
CP	0.00%	0.43%
NCD & Bonds	18.07%	7.62%
PTC	0.00%	0.17%

Category - Equity Savings

Security Type	% Weight	Category Average
Government Backed	4.00%	9.49%
Low Risk	18.07%	8.46%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Category - Equity Savings

Debt holding in Portfolio (as on 31st Oct,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	102.34	7.32%	10.00 Cr
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	50.43	3.60%	5.00 Cr
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	LAAA	ICRA	50.12	3.58%	5.00 Cr
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	LAAA	ICRA	49.92	3.57%	5.00 Cr
Bond - T-Bill	T-Bills	Other			34.62	2.47%	3.50 Cr
Bond - T-Bill	T-Bills	Other			19.88	1.42%	2.00 Cr
Bond - T-Bill	T-Bills	Other			1.49	0.11%	15.00 L