WhiteOak Capital Arbitrage 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 : Arbitrage Fund

Fund House : YES Asset Management (India) Ltd.

Equity Holding : 79.68% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 79.68%

No of Stocks : 121 (Category Avg - 141.44) | Large Cap Investments : 38.36%| Mid Cap Investments : 18.27% | Small Cap Investments : 7.59% | Other : 15.46%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	121	111.82
Top 5 Stock Weight	14.66%	20.74%
Top 10 Stock Weight	23.97%	32.56%
Top 3 Sector Weight	19.51%	26%

Category - Arbitrage Fund

Particulars	This Scheme	Category
Average mcap (Cr)	69241.35	89090.61
Holdings in large cap stocks	38.36%	38.6%
Holdings in mid cap stocks	18.27%	15.61%
Holdings in small cap stocks	7.59%	4.14%

Category - Arbitrage Fund

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	1M Change in Qty
# Vodafone Idea Ltd.	Telecom - cellular & fixed line services	306.4	4.16%	0.00%	4.16% (Sep 2025)	0% (Oct 2024)	3.51 Cr	10.72 L
# Bharti Airtel Ltd.	Telecom - cellular & fixed line services	273.3	3.71%	0.00%	3.75% (Aug 2025)	0.54% (Oct 2024)	1.33 L	9.03 k
# Kotak Mahindra Bank Ltd.	Private sector bank	174.1	2.37%	0.00%	2.77% (Sep 2025)	0% (Oct 2024)	82.80 k	-9.60 k
# Vedanta Ltd.	Diversified metals	165.7	2.25%	0.00%	2.35% (Sep 2025)	0% (Oct 2024)	3.36 L	0.00
# Hindalco Industries Ltd.	Aluminium	159.7	2.17%	0.00%	5.44% (Oct 2024)	0.41% (Nov 2024)	1.88 L	32.90 k
# Eternal Ltd.	E-retail/ e-commerce	152.6	2.07%	0.00%	2.18% (Jul 2025)	0% (Oct 2024)	4.80 L	58.20 k
# Reliance Industries Ltd.	Refineries & marketing	144.9	1.97%	0.00%	8.43% (Oct 2024)	2.08% (Sep 2025)	97.50 k	-4.00 k
# Grasim Industries Limited	Cement & cement products	144.6	1.97%	0.00%	6.38% (Oct 2024)	0.85% (Jun 2025)	50.00 k	17.25 k
# Coforge Ltd.	Computers - software & consulting	124	1.69%	0.00%	3.18% (Jun 2025)	0% (Oct 2024)	69.75 k	9.75 k
# Sammaan Capital Ltd.	Housing finance company	118.4	1.61%	0.00%	1.33% (Sep 2025)	0% (Oct 2024)	6.28 L	77.40 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
# Vodafone Idea Ltd.	Telecom - cellular & fixed line services	7.87	306.4	4.16%	0.00%	4.16% (Sep 2025)	0% (Oct 2024)	3.51 Cr	10.72 L	Large Cap	38.36
# Bharti Airtel Ltd.	Telecom - cellular & fixed line services	7.87	273.3	3.71%	0.00%	3.75% (Aug 2025)	0.54% (Oct 2024)	1.33 L	9.03 k	Large Cap	38.36
# Kotak Mahindra Bank Ltd.	Private sector bank	6.57	174.1	2.37%	0.00%	2.77% (Sep 2025)	0% (Oct 2024)	82.80 k	-9.60 k	Large Cap	38.36
# Vedanta Ltd.	Diversified metals	2.25	165.7	2.25%	0.00%	2.35% (Sep 2025)	0% (Oct 2024)	3.36 L	0.00	Large Cap	38.36
# Hindalco Industries Ltd.	Aluminium	3.22	159.7	2.17%	0.00%	5.44% (Oct 2024)	0.41% (Nov 2024)	1.88 L	32.90 k	Large Cap	38.36
# Eternal Ltd.	E-retail/ e-commerce	2.21	152.6	2.07%	0.00%	2.18% (Jul 2025)	0% (Oct 2024)	4.80 L	58.20 k	Other	15.46
# Reliance Industries Ltd.	Refineries & marketing	2.91	144.9	1.97%	0.00%	8.43% (Oct 2024)	2.08% (Sep 2025)	97.50 k	-4.00 k	Large Cap	38.36
# Grasim Industries Limited	Cement & cement products	2	144.6	1.97%	0.00%	6.38% (Oct 2024)	0.85% (Jun 2025)	50.00 k	17.25 k	Large Cap	38.36
# Coforge Ltd.	Computers - software & consulting	5.07	124	1.69%	0.00%	3.18% (Jun 2025)	0% (Oct 2024)	69.75 k	9.75 k	Other	15.46
# Sammaan Capital Ltd.	Housing finance company	2.22	118.4	1.61%	0.00%	1.33% (Sep 2025)	0% (Oct 2024)	6.28 L	77.40 k	Mid Cap	18.27
# Rural Electrification Corporation Limited	Financial institution	3.37	102.8	1.40%	0.00%	4.44% (Oct 2024)	0.45% (Mar 2025)	2.74 L	-0.96 L	Mid Cap	18.27
# Bajaj Finserv Ltd	Holding company	1.29	95	1.29%	0.00%	1.89% (Feb 2025)	0% (Oct 2024)	45.50 k	-0.50 k	Other	15.46
# Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	2.31	93.1	1.27%	0.00%	3.35% (Nov 2024)	0% (Oct 2024)	5.75 k	2.85 k	Large Cap	38.36
# Au Small Finance Bank Ltd.	Other bank	1.21	88.7	1.21%	0.00%	1.09% (Sep 2025)	0% (Oct 2024)	1.01 L	2.00 k	Mid Cap	18.27
# BSE Ltd.	Exchange and data platform	1.91	85.5	1.16%	0.00%	0.82% (Aug 2025)	0% (Oct 2024)	34.50 k	13.13 k	Small Cap	7.59
# Steel Authority Of India Ltd.	Iron & steel products	1.74	80.4	1.09%	0.00%	2.33% (Feb 2025)	0% (Oct 2024)	5.88 L	-0.47 L	Mid Cap	18.27
# National Aluminium Co. Ltd.	Aluminium	3.22	77.3	1.05%	0.00%	1.06% (Sep 2025)	0% (Oct 2024)	3.30 L	0.00	Small Cap	7.59
# Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	2.31	76.7	1.04%	0.00%	5.7% (Nov 2024)	0.37% (Aug 2025)	22.00 k	8.60 k	Large Cap	38.36
# Axis Bank Ltd.	Private sector bank	6.57	75.5	1.03%	0.00%	4.99% (Nov 2024)	0.82% (Jul 2025)	61.25 k	0.00	Large Cap	38.36
# Indus Towers Ltd.	Telecom - infrastructure	1.36	75.4	1.03%	0.00%	1.15% (Aug 2025)	0% (Oct 2024)	2.07 L	35.70 k	Large Cap	38.36
# National Thermal Power Corporation Ltd.	Power generation	1.62	75.3	1.02%	0.00%	2.38% (Mar 2025)	0% (Oct 2024)	2.24 L	10.50 k	Large Cap	38.36
# Crompton Greaves Consumer Electricals Ltd.	Household appliances	1.36	73.3	1.00%	0.00%	1.17% (Sep 2025)	0% (Oct 2024)	2.59 L	-7.20 k	Mid Cap	18.27
# Union Bank Of India	Public sector bank	2.25	72.4	0.98%	0.00%	1.2% (Sep 2025)	0% (Oct 2024)	4.87 L	-0.89 L	Mid Cap	18.27
# Apollo Hospitals Enterprises Ltd.	Hospital	1.39	71.1	0.97%	0.00%	1.21% (Apr 2025)	0% (Oct 2024)	9.25 k	500.00	Mid Cap	18.27
# TVS Motor Company Ltd.	2/3 wheelers	1.6	70	0.95%	0.00%	2.26% (Jan 2025)	0% (Oct 2024)	19.95 k	12.25 k	Mid Cap	18.27
# Indusind Bank Ltd.	Private sector bank	6.57	67.3	0.92%	0.00%	0.88% (Dec 2024)	0% (Oct 2024)	84.70 k	51.80 k	Large Cap	38.36
# Central Depository Services (India) Ltd.	Depositories, clearing houses and other intermediaries	1.02	67.1	0.91%	0.00%	0.48% (Dec 2024)	0% (Oct 2024)	42.28 k	32.78 k	Small Cap	7.59
# InterGlobe Aviation Ltd.	Airline	0.91	66.7	0.91%	0.91%	1.61% (Oct 2024)	0% (Oct 2024)	11.85 k	11.85 k	Large Cap	38.36
# ITC Limited	Diversified fmcg	1.69	66.6	0.91%	0.00%	1.79% (Jan 2025)	0% (Oct 2024)	1.58 L	1.06 L	Large Cap	38.36
# Tata Consultancy Services Ltd.	Computers - software & consulting	5.07	65.3	0.89%	0.00%	5.96% (Oct 2024)	0% (Oct 2024)	21.35 k	-8.05 k	Large Cap	38.36
# Hindustan Zinc Ltd.	Zinc	0.87	64.2	0.87%	0.00%	1.07% (Jun 2025)	0% (Oct 2024)	1.35 L	28.18 k	Large Cap	38.36
# Bajaj Finance Ltd.	Non banking financial company (nbfc)	1.94	63.4	0.86%	0.00%	0.73% (Dec 2024)	0% (Oct 2024)	60.75 k	51.75 k	Other	15.46
# ICICI Bank Ltd.	Private sector bank	6.57	62.2	0.84%	0.00%	1.92% (Mar 2025)	0% (Oct 2024)	46.20 k	28.00 k	Large Cap	38.36
# Federal Bank Ltd.	Private sector bank	6.57	61.5	0.84%	0.00%	1.95% (Feb 2025)	0% (Oct 2024)	2.60 L	-2.10 L	Mid Cap	18.27
# HDFC Life Insurance Company Ltd.	Life insurance	1.3	59.6	0.81%	0.00%	0.97% (May 2025)	0% (Oct 2024)	81.40 k	62.70 k	Large Cap	38.36
# Indian Renewable Energy Development Agency Ltd.	Financial institution	3.37	58.7	0.80%	0.80%	0.1% (Jun 2025)	0% (Oct 2024)	3.86 L	3.86 L	Other	15.46
# Hindustan Unilever Ltd.	Diversified fmcg	1.69	57.7	0.78%	0.00%	1.9% (Nov 2024)	0.31% (Jan 2025)	23.40 k	13.50 k	Large Cap	38.36
# Multi Commodity Exchange Of India Ltd.	Exchange and data platform	1.91	55.5	0.75%	0.00%	1.21% (Mar 2025)	0% (Oct 2024)	6.00 k	2.25 k	Small Cap	7.59
# Solar Industries India Ltd.	Explosives	0.75	55.2	0.75%	0.00%	0.63% (Sep 2025)	0% (Oct 2024)	3.98 k	825.00	Small Cap	7.59
# L&T Finance Holdings Ltd.	Investment company	0.72	53.1	0.72%	0.00%	0.69% (Sep 2025)	0% (Oct 2024)	1.96 L	13.39 k	Mid Cap	18.27
# ICICI Lombard General Insurance Co Ltd.	General insurance	0.7	51.8	0.70%	0.00%	0.79% (Apr 2025)	0% (Oct 2024)	26.00 k	10.40 k	Large Cap	38.36
# Jio Financial Services Ltd.	Non banking financial company (nbfc)	1.94	49.8	0.68%	0.00%	1.48% (Apr 2025)	0% (Oct 2024)	1.62 L	30.55 k	Other	15.46
# Indian Bank	Public sector bank	2.25	48.1	0.65%	0.65%	0.47% (Jul 2025)	0% (Oct 2024)	56.00 k	56.00 k	Mid Cap	18.27
# Polycab India Limited	Cables - electricals	0.82	47.2	0.64%	0.00%	0.33% (Sep 2025)	0% (Oct 2024)	6.13 k	3.13 k	Other	15.46
# LTIMindtree Ltd.	Computers - software & consulting	5.07	46.9	0.64%	0.64%	0.22% (Feb 2025)	0% (Oct 2024)	8.25 k	8.25 k	Mid Cap	18.27
# Delhivery Ltd.	Logistics solution provider	0.63	46.4	0.63%	0.00%	0.8% (Aug 2025)	0% (Oct 2024)	99.60 k	0.00	Other	15.46
# PNB Housing Finance Ltd.	Housing finance company	2.22	44.7	0.61%	0.00%	1.08% (Jun 2025)	0% (Oct 2024)	48.10 k	-2.60 k	Mid Cap	18.27
# Power Finance Corporation Ltd.	Financial institution	3.37	44	0.60%	0.00%	2.1% (Feb 2025)	0% (Oct 2024)	1.09 L	24.70 k	Mid Cap	18.27
# Power Grid Corporation of India Ltd.	Power - transmission	0.58	42.7	0.58%	0.00%	0.8% (Dec 2024)	0% (Oct 2024)	1.48 L	11.40 k	Large Cap	38.36
# HCL Technologies Limited	Computers - software & consulting	5.07	42.6	0.58%	0.00%	2.08% (Jun 2025)	0% (Oct 2024)	27.65 k	-0.18 L	Large Cap	38.36
# Alkem Laboratories Ltd.	Pharmaceuticals	2.04	42	0.57%	0.00%	0.69% (Aug 2025)	0% (Oct 2024)	7.63 k	0.00	Mid Cap	18.27
# HDFC Bank Ltd.	Private sector bank	6.57	41.8	0.57%	0.00%	5.66% (Oct 2024)	0% (Oct 2024)	42.35 k	17.05 k	Other	15.46
# Lupin Ltd.	Pharmaceuticals	2.04	40.9	0.56%	0.00%	1.5% (Nov 2024)	0% (Oct 2024)	20.83 k	-2.55 k	Large Cap	38.36
# Hindustan Petroleum Corporation Ltd.	Refineries & marketing	2.91	39.5	0.54%	0.00%	1.77% (Sep 2025)	0% (Oct 2024)	83.03 k	-1.82 L	Large Cap	38.36
# Angel One Ltd.	Stockbroking & allied	0.53	39.3	0.53%	0.00%	0.9% (Sep 2025)	0% (Oct 2024)	15.75 k	-0.12 L	Other	15.46
# Titan Company Ltd.	Gems, jewellery and watches	0.63	38	0.52%	0.00%	5.31% (Oct 2024)	0% (Oct 2024)	10.15 k	8.05 k	Large Cap	38.36
# Eicher Motors Ltd.	2/3 wheelers	1.6	36.8	0.50%	0.00%	0.57% (Sep 2025)	0% (Oct 2024)	5.25 k	-0.18 k	Other	15.46
# Phoenix Mills Ltd.	Residential, commercial projects	1.16	36.5	0.50%	0.00%	1.25% (Jun 2025)	0% (Oct 2024)	21.70 k	-4.55 k	Small Cap	7.59
# KPIT Technologies Ltd.	Computers - software & consulting	5.07	36.4	0.49%	0.00%	0.79% (Jun 2025)	0% (Oct 2024)	31.20 k	3.60 k	Other	15.46
# Max Financial Services Ltd.	Life insurance	1.3	35.9	0.49%	0.00%	0.63% (Aug 2025)	0% (Oct 2024)	23.20 k	0.00	Mid Cap	18.27
# NHPC Ltd.	Power generation	1.62	35.8	0.49%	0.00%	0.83% (Mar 2025)	0% (Oct 2024)	4.22 L	3.33 L	Mid Cap	18.27
# Divis Laboratories Ltd.	Pharmaceuticals	2.04	35	0.48%	0.48%	0.74% (Nov 2024)	0% (Oct 2024)	5.20 k	5.20 k	Large Cap	38.36
# APL Apollo Tubes Ltd.	Iron & steel products	1.74	33.9	0.46%	0.00%	0.49% (Aug 2025)	0% (Oct 2024)	18.90 k	0.00	Other	15.46
# Prestige Estates Projects Ltd.	Residential, commercial projects	1.16	32.2	0.44%	0.00%	0.73% (Apr 2025)	0% (Oct 2024)	18.45 k	900.00	Mid Cap	18.27
# NCC Ltd.	Civil construction	1.12	32.1	0.44%	0.00%	0.47% (Apr 2025)	0% (Oct 2024)	1.51 L	5.40 k	Small Cap	7.59
# NMDC LTD	Industrial minerals	0.43	31.7	0.43%	0.00%	0.49% (Jul 2025)	0% (Oct 2024)	4.19 L	27.00 k	Mid Cap	18.27
# Varun Beverages Ltd.	Other beverages	0.43	31.3	0.43%	0.43%	0.23% (Jul 2025)	0% (Oct 2024)	66.63 k	66.63 k	Other	15.46
# Oil & Natural Gas Corporation Ltd.	Oil exploration & production	0.69	29.9	0.41%	0.00%	1.61% (Mar 2025)	0% (Oct 2024)	1.17 L	-1.78 L	Large Cap	38.36
# Muthoot Finance Pvt. Ltd.	Non banking financial company (nbfc)	1.94	29.7	0.40%	0.00%	1.06% (Jul 2025)	0% (Oct 2024)	9.35 k	-0.83 k	Mid Cap	18.27
# Avenue Supermarts Ltd.	Diversified retail	0.4	29.3	0.40%	0.40%	0.12% (Apr 2025)	0% (Oct 2024)	7.05 k	7.05 k	Large Cap	38.36
# Larsen & Toubro Ltd.	Civil construction	1.12	28.9	0.39%	0.00%	3.56% (Oct 2024)	0.17% (Mar 2025)	7.18 k	1.58 k	Large Cap	38.36
# Canara Bank	Public sector bank	2.25	28.7	0.39%	0.00%	0.51% (Sep 2025)	0% (Oct 2024)	2.09 L	-0.68 L	Other	15.46
# Max Healthcare Institute Ltd.	Hospital	1.39	27.7	0.38%	0.00%	0.47% (Aug 2025)	0% (Oct 2024)	24.15 k	-1.05 k	Other	15.46
# Blue Star Ltd.	Household appliances	1.36	26.5	0.36%	0.36%	0% (Nov 2025)	0% (Nov 2025)	13.65 k	13.65 k	Small Cap	7.59
# Sona BLW Precision Forgings Ltd.	Auto components & equipments	0.35	24.8	0.34%	0.00%	0.95% (Jan 2025)	0% (Oct 2024)	52.50 k	-0.26 L	Other	15.46
# Petronet LNG Ltd.	Lpg/cng/png/lng supplier	0.33	24.3	0.33%	0.00%	0.36% (Sep 2025)	0% (Oct 2024)	86.40 k	0.00	Large Cap	38.36
# HFCL Ltd.	Telecom - infrastructure	1.36	24.2	0.33%	0.00%	0.3% (Aug 2025)	0% (Oct 2024)	3.29 L	77.40 k	Small Cap	7.59
# Havells India Ltd.	Consumer electronics	0.34	23.9	0.32%	0.00%	0.36% (Sep 2025)	0% (Oct 2024)	16.00 k	0.00	Large Cap	38.36
# Indian Hotels Company Limited	Hotels & resorts	0.32	23.7	0.32%	0.00%	0.7% (Apr 2025)	0% (Oct 2024)	32.00 k	14.00 k	Mid Cap	18.27
# Suzlon Energy Ltd.	Heavy electrical equipment	0.56	23.7	0.32%	0.32%	0.03% (Aug 2025)	0% (Oct 2024)	4.00 L	4.00 L	Small Cap	7.59
# Indian Oil Corporation Ltd.	Refineries & marketing	2.91	23.5	0.32%	0.00%	0.72% (May 2025)	0% (Oct 2024)	1.41 L	0.00	Large Cap	38.36
# Titagarh Rail Systems Ltd.	Railway wagons	0.31	22.5	0.31%	0.00%	0.47% (Sep 2025)	0% (Oct 2024)	25.38 k	-0.10 L	Small Cap	7.59
# Mazagon Dock Shipbuilders Ltd.	Ship building & allied services	0.29	21.5	0.29%	0.00%	0.34% (Sep 2025)	0% (Oct 2024)	7.88 k	-0.35 k	Other	15.46
# Indian Railway Finance Corporation Ltd.	Financial institution	3.37	21.5	0.29%	0.00%	0.28% (Sep 2025)	0% (Oct 2024)	1.74 L	21.25 k	Other	15.46
# NBCC (India) Ltd.	Civil construction	1.12	21.4	0.29%	0.00%	0.58% (Apr 2025)	0% (Oct 2024)	1.82 L	0.00	Mid Cap	18.27
# Supreme Industries Ltd.	Plastic products - industrial	0.29	21.4	0.29%	0.00%	0.3% (Jan 2025)	0% (Oct 2024)	5.60 k	4.90 k	Mid Cap	18.27
# Oil India Ltd.	Oil exploration & production	0.69	20.6	0.28%	0.00%	0.35% (Sep 2025)	0% (Oct 2024)	47.60 k	-8.40 k	Mid Cap	18.27
# Mphasis Ltd.	Computers - software & consulting	5.07	20.5	0.28%	0.00%	0.79% (Feb 2025)	0% (Oct 2024)	7.43 k	-0.83 k	Mid Cap	18.27
# Housing & Urban Development Corporation Ltd.	Financial institution	3.37	20.4	0.28%	0.00%	0.42% (Jun 2025)	0% (Oct 2024)	86.03 k	-0.11 L	Small Cap	7.59
# SRF Ltd.	Specialty chemicals	0.25	18.2	0.25%	0.00%	0.82% (Nov 2024)	0% (Oct 2024)	6.20 k	0.00	Mid Cap	18.27
# Inox Wind Ltd.	Heavy electrical equipment	0.56	17.8	0.24%	0.24%	0.13% (Apr 2025)	0% (Oct 2024)	1.15 L	1.15 L	Small Cap	7.59
# Marico Ltd.	Personal care	0.23	17.3	0.23%	0.00%	0.81% (Nov 2024)	0% (Oct 2024)	24.00 k	-0.20 L	Large Cap	38.36
# One 97 Communications Ltd.	Financial technology (fintech)	0.43	17	0.23%	0.00%	0.61% (Jul 2025)	0% (Oct 2024)	13.05 k	-0.15 L	Other	15.46
# Aurobindo Pharma Ltd.	Pharmaceuticals	2.04	16.9	0.23%	0.23%	0.42% (Jan 2025)	0% (Oct 2024)	14.85 k	14.85 k	Large Cap	38.36
# Asian Paints (india) Ltd.	Paints	0.22	16.3	0.22%	0.00%	0.39% (May 2025)	0% (Oct 2024)	6.50 k	-1.50 k	Large Cap	38.36
# Lodha Developers Ltd.	Residential, commercial projects	1.16	16.2	0.22%	0.00%	0.56% (May 2025)	0% (Oct 2024)	13.50 k	0.00	Other	15.46
# Nestle India Ltd.	Packaged foods	0.21	15.3	0.21%	0.00%	0.71% (Jun 2025)	0% (Oct 2024)	12.00 k	0.00	Other	15.46
# PB Fintech Ltd.	Financial technology (fintech)	0.43	14.4	0.20%	0.00%	0.74% (Jun 2025)	0% (Oct 2024)	8.05 k	-0.13 L	Other	15.46
# Persistent Systems Ltd.	Computers - software & consulting	5.07	14.2	0.19%	0.19%	0.43% (Mar 2025)	0% (Oct 2024)	2.40 k	2.40 k	Other	15.46
# Tata Steel Ltd.	Iron & steel products	1.74	14.1	0.19%	0.19%	0.22% (Apr 2025)	0% (Oct 2024)	77.00 k	77.00 k	Other	15.46
# Tech Mahindra Ltd.	Computers - software & consulting	5.07	13.7	0.19%	0.19%	0.56% (Apr 2025)	0% (Oct 2024)	9.60 k	9.60 k	Large Cap	38.36
# KEI Industries Ltd.	Cables - electricals	0.82	13.4	0.18%	0.00%	0.52% (Dec 2024)	0% (Oct 2024)	3.33 k	-1.75 k	Small Cap	7.59
# Bank Of India	Public sector bank	2.25	12.4	0.17%	0.00%	0.17% (Aug 2025)	0% (Oct 2024)	88.40 k	0.00	Mid Cap	18.27
# Bharat Dynamics Ltd.	Aerospace & defense	0.15	10.9	0.15%	0.00%	0.21% (Aug 2025)	0% (Oct 2024)	7.15 k	325.00	Other	15.46
# Hero Motocorp Ltd.	2/3 wheelers	1.6	10.8	0.15%	0.15%	0.82% (Dec 2024)	0% (Oct 2024)	1.95 k	1.95 k	Large Cap	38.36
# FSN E-Commerce Ventures Ltd.	E-retail/ e-commerce	2.21	10.1	0.14%	0.14%	0.08% (Jul 2025)	0% (Oct 2024)	40.63 k	40.63 k	Other	15.46
# Indian Railway Catering and Tourism Corporation Ltd.	Tour, travel related services	0.12	8.8	0.12%	0.12%	1.27% (Feb 2025)	0% (Oct 2024)	12.25 k	12.25 k	Other	15.46
# Wipro Ltd.	Computers - software & consulting	5.07	8.7	0.12%	0.12%	1.83% (Oct 2024)	0% (Oct 2024)	36.00 k	36.00 k	Large Cap	38.36
# J S W Energy Ltd.	Power generation	1.62	8.4	0.11%	0.00%	0.55% (Jul 2025)	0% (Oct 2024)	16.00 k	-6.00 k	Mid Cap	18.27
# Computer Age Management Services Pvt Ltd.	Depositories, clearing houses and other intermediaries	1.02	8.3	0.11%	0.00%	0.52% (May 2025)	0% (Oct 2024)	2.10 k	-4.65 k	Other	15.46
# Patanjali Foods Ltd.	Edible oil	0.11	8.1	0.11%	0.00%	0.32% (May 2025)	0% (Oct 2024)	13.50 k	0.00	Other	15.46
# Glenmark Pharmaceuticals Ltd.	Pharmaceuticals	2.04	7.8	0.11%	0.00%	0.12% (Sep 2025)	0% (Oct 2024)	4.13 k	0.00	Mid Cap	18.27
# Kalyan Jewellers India Ltd.	Gems, jewellery and watches	0.63	7.8	0.11%	0.11%	0.42% (May 2025)	0% (Oct 2024)	15.28 k	15.28 k	Other	15.46
# Piramal Pharma Ltd.	Pharmaceuticals	2.04	7	0.09%	0.09%	0.24% (Jul 2025)	0% (Oct 2024)	35.00 k	35.00 k	Other	15.46
# Bharat Petroleum Corporation Ltd.	Refineries & marketing	2.91	5.6	0.08%	0.00%	0.77% (Sep 2025)	0% (Oct 2024)	15.80 k	-1.34 L	Large Cap	38.36
# Trent Limited	Speciality retail	0.08	5.6	0.08%	0.00%	0.24% (Apr 2025)	0% (Oct 2024)	1.20 k	-1.40 k	Mid Cap	18.27
# State Bank Of India	Public sector bank	2.25	4.2	0.06%	0.06%	1.96% (Oct 2024)	0% (Oct 2024)	4.50 k	4.50 k	Large Cap	38.36
# Fortis Healthcare Ltd.	Hospital	1.39	3.2	0.04%	0.00%	0.41% (Jul 2025)	0% (Oct 2024)	3.10 k	-0.19 L	Other	15.46
# Ultratech Cement Ltd.	Cement & cement products	2	2.4	0.03%	0.00%	0.79% (Jan 2025)	0% (Oct 2024)	200.00	-0.15 k	Large Cap	38.36
# Dixon Technologies (India) Ltd.	Consumer electronics	0.34	1.6	0.02%	0.00%	0.19% (May 2025)	0% (Oct 2024)	100.00	0.00	Other	15.46
# Tube Investments Of India Ltd.	Auto components & equipments	0.35	0.6	0.01%	0.01%	0% (Nov 2025)	0% (Nov 2025)	200.00	200.00	Small Cap	7.59
Edelweiss Securities Pvt. Ltd.	Stockbroking & allied	0.53	29.8	0.00%	-0.45%	-	-	-	-	Other	15.46
Coal India Ltd.	Coal		62.7	0.00%	-0.94%	-	-	-	-	Large Cap	38.36
Britannia Industries Ltd.	Packaged foods	0.21	14.2	0.00%	-0.21%	-	-	-	-	Large Cap	38.36
Oberoi Realty Ltd.	Residential, commercial projects	1.16	16.6	0.00%	-0.25%	-	-	-	-	Mid Cap	18.27
HDFC Asset Management Co. Ltd.	Asset management company		5.8	0.00%	-0.09%	-	-	-	-	Large Cap	38.36
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	2.04	6.7	0.00%	-0.10%	-	-	-	-	Large Cap	38.36
Kaynes Technology India Private Ltd.	Industrial products		27.5	0.00%	-0.41%	-	-	-	-	Other	15.46
Siemens Ltd.	Heavy electrical equipment	0.56	14.9	0.00%	-0.22%	-	-	-	-	Large Cap	38.36
Shree Cement Ltd.	Cement & cement products	2	11.7	0.00%	-0.18%	-	-	-	-	Large Cap	38.36
ICICI Prudential Life Insurance Co Ltd.	Life insurance	1.3	1.1	0.00%	-0.02%	-	-	-	-	Large Cap	38.36
SBI Life Insurance Co Ltd.	Life insurance	1.3	28.9	0.00%	-0.43%	-	-	-	-	Large Cap	38.36
Mankind Pharma Ltd.	Pharmaceuticals	2.04	36.7	0.00%	-0.55%	-	-	-	-	Other	15.46
360 ONE WAM Ltd.	Other financial services		0.5	0.00%	-0.01%	-	-	-	-	Other	15.46
Info Edge (India) Ltd.	Internet & catalogue retail		6.4	0.00%	-0.10%	-	-	-	-	Other	15.46
Oracle Financial Services Software Limited	Software products		20.2	0.00%	-0.30%	-	-	-	-	Mid Cap	18.27
Indraprastha Gas Ltd.	Lpg/cng/png/lng supplier	0.33	33.8	0.00%	-0.51%	-	-	-	-	Mid Cap	18.27
Infosys Ltd.	Computers - software & consulting	5.07	11.5	0.00%	-0.17%	-	-	-	-	Large Cap	38.36

- 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
# Inox Wind Ltd.	Heavy electrical equipment	17.8	0.24%	0.24%	0.13% (Apr 2025)	0% (Oct 2024)	1.15 L	114520
# Varun Beverages Ltd.	Other beverages	31.3	0.43%	0.43%	0.23% (Jul 2025)	0% (Oct 2024)	66.63 k	66625
# FSN E-Commerce Ventures Ltd.	E-retail/ e-commerce	10.1	0.14%	0.14%	0.08% (Jul 2025)	0% (Oct 2024)	40.63 k	40625
# Hero Motocorp Ltd.	2/3 wheelers	10.8	0.15%	0.15%	0.82% (Dec 2024)	0% (Oct 2024)	1.95 k	1950
# InterGlobe Aviation Ltd.	Airline	66.7	0.91%	0.91%	1.61% (Oct 2024)	0% (Oct 2024)	11.85 k	11850
# Tech Mahindra Ltd.	Computers - software & consulting	13.7	0.19%	0.19%	0.56% (Apr 2025)	0% (Oct 2024)	9.60 k	9600
# Persistent Systems Ltd.	Computers - software & consulting	14.2	0.19%	0.19%	0.43% (Mar 2025)	0% (Oct 2024)	2.40 k	2400
# Kalyan Jewellers India Ltd.	Gems, jewellery and watches	7.8	0.11%	0.11%	0.42% (May 2025)	0% (Oct 2024)	15.28 k	15275
# Suzlon Energy Ltd.	Heavy electrical equipment	23.7	0.32%	0.32%	0.03% (Aug 2025)	0% (Oct 2024)	4.00 L	400000
# Bond - Bajaj Housing Finance Ltd.	Housing finance company	20.1	0.27%	0.27%	0% (Nov 2025)	0% (Nov 2025)	20.00	20
# Wipro Ltd.	Computers - software & consulting	8.7	0.12%	0.12%	1.83% (Oct 2024)	0% (Oct 2024)	36.00 k	36000
# LTIMindtree Ltd.	Computers - software & consulting	46.9	0.64%	0.64%	0.22% (Feb 2025)	0% (Oct 2024)	8.25 k	8250
# Tata Steel Ltd.	Iron & steel products	14.1	0.19%	0.19%	0.22% (Apr 2025)	0% (Oct 2024)	77.00 k	77000
# Tube Investments Of India Ltd.	Auto components & equipments	0.6	0.01%	0.01%	0% (Nov 2025)	0% (Nov 2025)	200.00	200
# Indian Renewable Energy Development Agency Ltd.	Financial institution	58.7	0.80%	0.80%	0.1% (Jun 2025)	0% (Oct 2024)	3.86 L	386400
# Divis Laboratories Ltd.	Pharmaceuticals	35	0.48%	0.48%	0.74% (Nov 2024)	0% (Oct 2024)	5.20 k	5200
# State Bank Of India	Public sector bank	4.2	0.06%	0.06%	1.96% (Oct 2024)	0% (Oct 2024)	4.50 k	4500
# Indian Bank	Public sector bank	48.1	0.65%	0.65%	0.47% (Jul 2025)	0% (Oct 2024)	56.00 k	56000
# Indian Railway Catering and Tourism Corporation Ltd.	Tour, travel related services	8.8	0.12%	0.12%	1.27% (Feb 2025)	0% (Oct 2024)	12.25 k	12250
# Piramal Pharma Ltd.	Pharmaceuticals	7	0.09%	0.09%	0.24% (Jul 2025)	0% (Oct 2024)	35.00 k	35000
# Blue Star Ltd.	Household appliances	26.5	0.36%	0.36%	0% (Nov 2025)	0% (Nov 2025)	13.65 k	13650
# Avenue Supermarts Ltd.	Diversified retail	29.3	0.40%	0.40%	0.12% (Apr 2025)	0% (Oct 2024)	7.05 k	7050
# Aurobindo Pharma Ltd.	Pharmaceuticals	16.9	0.23%	0.23%	0.42% (Jan 2025)	0% (Oct 2024)	14.85 k	14850

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	1M Change in Qty
Edelweiss Securities Pvt. Ltd.	Stockbroking & allied	29.8	0.00%	-0.45%	0.45% (Sep 2025)	0% (Oct 2024)	-4725
Coal India Ltd.	Coal	62.7	0.00%	-0.94%	1.44% (Jan 2025)	0% (Oct 2024)	-160650
Britannia Industries Ltd.	Packaged foods	14.2	0.00%	-0.21%	0.59% (Apr 2025)	0% (Oct 2024)	-2375
Oberoi Realty Ltd.	Residential, commercial projects	16.6	0.00%	-0.25%	0.63% (Aug 2025)	0% (Oct 2024)	-10500
HDFC Asset Management Co. Ltd.	Asset management company	5.8	0.00%	-0.09%	0.09% (Sep 2025)	0% (Oct 2024)	-1050
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	6.7	0.00%	-0.10%	2.82% (Dec 2024)	0% (Oct 2024)	-4200
Kaynes Technology India Private Ltd.	Industrial products	27.5	0.00%	-0.41%	0.41% (Aug 2025)	0% (Oct 2024)	-3900
Siemens Ltd.	Heavy electrical equipment	14.9	0.00%	-0.22%	0.22% (Sep 2025)	0% (Oct 2024)	-4750
Shree Cement Ltd.	Cement & cement products	11.7	0.00%	-0.18%	0.37% (Mar 2025)	0% (Oct 2024)	-400
ICICI Prudential Life Insurance Co Ltd.	Life insurance	1.1	0.00%	-0.02%	0.87% (Apr 2025)	0% (Oct 2024)	-1850
SBI Life Insurance Co Ltd.	Life insurance	28.9	0.00%	-0.43%	1.46% (Apr 2025)	0% (Oct 2024)	-16125
Mankind Pharma Ltd.	Pharmaceuticals	36.7	0.00%	-0.55%	0.55% (Sep 2025)	0% (Oct 2024)	-15075
360 ONE WAM Ltd.	Other financial services	0.5	0.00%	-0.01%	0.17% (Jun 2025)	0% (Oct 2024)	-500
Info Edge (India) Ltd.	Internet & catalogue retail	6.4	0.00%	-0.10%	0.11% (Aug 2025)	0% (Oct 2024)	-4875
Oracle Financial Services Software Limited	Software products	20.2	0.00%	-0.30%	0.84% (Feb 2025)	0% (Oct 2024)	-2400
Indraprastha Gas Ltd.	Lpg/cng/png/lng supplier	33.8	0.00%	-0.51%	0.51% (Sep 2025)	0% (Oct 2024)	-162250
Infosys Ltd.	Computers - software & consulting	11.5	0.00%	-0.17%	1.81% (Apr 2025)	0% (Oct 2024)	-8000

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
Reliance Industries Ltd.	1.97%	2.08%	3.03%	3.59%	2.94%	3.41%	2.44%	4.50%	3.38%	4.52%	7.06%	7.63%	8.43%
Vodafone Idea Ltd.	4.16%	4.16%	2.73%	3.14%	3.16%	2.99%	2.92%	2.80%	2.35%	3.75%	1.23%	0.55%	-
Bharti Airtel Ltd.	3.71%	3.50%	3.75%	2.78%	2.71%	2.83%	2.69%	3.32%	3.06%	0.97%	1.43%	2.02%	0.54%
Grasim Industries Limited	1.97%	1.36%	1.56%	1.24%	0.85%	1.42%	1.98%	1.38%	1.06%	1.94%	4.29%	5.21%	6.38%
Axis Bank Ltd.	1.03%	1.04%	1.11%	0.82%	0.87%	0.89%	1.33%	1.20%	1.77%	3.09%	3.23%	4.99%	4.68%
Rural Electrification Corporation Limited	1.40%	2.07%	2.47%	2.89%	1.97%	1.84%	0.47%	0.45%	0.91%	2.01%	1.51%	2.23%	4.44%
Tata Consultancy Services Ltd.	0.89%	1.28%	1.10%	1.06%	1.72%	1.47%	2.34%	1.32%	1.23%	2.53%	-	1.45%	5.96%
Mahindra & Mahindra Ltd.	1.04%	0.69%	0.37%	0.75%	0.62%	0.90%	0.72%	0.85%	0.77%	2.34%	3.62%	5.70%	5.41%
Eternal Ltd.	2.07%	2.06%	1.48%	2.18%	1.78%	1.12%	0.98%	-	-	-	-	-	-
Zomato Ltd.	-	-	-	-	-	-	-	-	0.96%	0.79%	-	-	-
Coforge Ltd.	1.69%	1.44%	0.87%	1.85%	3.18%	1.71%	1.43%	0.81%	1.45%	1.14%	-	-	-
Hindalco Industries Ltd.	2.17%	1.78%	1.38%	0.59%	0.67%	1.06%	1.13%	1.51%	1.45%	0.69%	1.66%	0.41%	5.44%
Sammaan Capital Ltd.	1.61%	1.33%	-	-	-	-	-	-	-	-	-	-	-
Sun Pharmaceutical Industries Ltd.	-	0.10%	0.25%	0.91%	1.11%	1.15%	1.81%	1.27%	0.99%	2.55%	2.82%	2.65%	-
HDFC Bank Ltd.	0.57%	0.36%	-	-	0.96%	2.15%	1.77%	1.02%	1.08%	0.72%	0.32%	0.37%	5.66%
National Thermal Power Corporation Ltd.	1.02%	1.09%	0.99%	1.03%	0.86%	1.65%	2.10%	2.38%	2.12%	0.52%	1.77%	0.73%	-

No of Debt Holding 17 (Category Avg - 8.76) | Modified Duration 0.24 Years (Category Avg - 0.40)| Yield to Maturity 5.86% (Category Avg - 6.02%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	0.00%	0.67%
CD	1.98%	1.68%
T-Bills	4.63%	1.78%
CP	0.00%	1.10%
NCD & Bonds	3.27%	2.22%
PTC	0.00%	0.02%

Category - Arbitrage Fund

Security Type	% Weight	Category Average
Government Backed	4.63%	2.45%
Low Risk	5.25%	5.02%
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 - Arbitrage Fund

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

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	100.12	1.36%	100.00
Bond - T-Bill	T-Bills	Other			51.43	0.70%	5.20 L
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	50.40	0.69%	500.00
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	50.14	0.68%	50.00
Bond - T-Bill	T-Bills	Other			49.80	0.68%	5.00 L
Bond - T-Bill	T-Bills	Other			49.65	0.67%	5.00 L
Bond - T-Bill	T-Bills	Other			49.55	0.67%	5.00 L
Bond - HDFC Bank Ltd.	CD	Private sector bank	PR1+	CARE	49.22	0.67%	100.00
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	48.30	0.66%	100.00
Bond - T-Bill	T-Bills	Other			48.26	0.66%	5.00 L
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	47.64	0.65%	100.00
Bond - T-Bill	T-Bills	Other			32.67	0.44%	3.30 L
Bond - T-Bill	T-Bills	Other			19.88	0.27%	2.00 L
Bond - T-Bill	T-Bills	Other			19.86	0.27%	2.00 L
Bond - T-Bill	T-Bills	Other			19.76	0.27%	2.00 L
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	20.12	0.27%	200.00
Bond - Bajaj Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	20.11	0.27%	20.00