Nippon India ETF Nifty Midcap 150

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.

Portfolio Turnover Ratio : 45.00%. Category average turnover ratio is 38.95%. 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 : 99.99% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 99.99%

No of Stocks : 149 (Category Avg - 54.64) | Large Cap Investments : 17.15%| Mid Cap Investments : 38.26% | Small Cap Investments : 16.53% | Other : 28.05%

Portfolio Summary (as on 30th Nov,2025)

Particulars	This Scheme	Category
No. of Stocks	149	75.96
Top 5 Stock Weight	10.38%	37.5%
Top 10 Stock Weight	18.29%	54.7%
Top 3 Sector Weight	18.28%	34.87%

Category - Index Funds/ETFs

Particulars	This Scheme	Category
Average mcap (Cr)	16247.43	113940.38
Holdings in large cap stocks	17.15%	50.99%
Holdings in mid cap stocks	38.26%	15.59%
Holdings in small cap stocks	16.53%	8.57%

Category - Index Funds/ETFs

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
BSE Ltd.	Exchange and data platform	869.7	3.10%	0.41%	3.13% (May 2025)	2.12% (Dec 2024)	3.00 L	7.38 k
Hero Motocorp Ltd.	2/3 wheelers	588.1	2.10%	0.19%	2.1% (Nov 2025)	0% (Dec 2024)	95.24 k	2.34 k
Persistent Systems Ltd.	Computers - software & consulting	500.2	1.79%	0.10%	2% (Dec 2024)	1.44% (Sep 2025)	78.73 k	1.96 k
Suzlon Energy Ltd.	Heavy electrical equipment	480.7	1.72%	-0.19%	2.44% (May 2025)	1.72% (Nov 2025)	89.00 L	2.19 L
Coforge Ltd.	Computers - software & consulting	468.2	1.67%	0.09%	1.89% (Dec 2024)	1.48% (Sep 2025)	2.45 L	6.04 k
Federal Bank Ltd.	Private sector bank	465.2	1.66%	0.11%	1.66% (Nov 2025)	1.32% (Sep 2025)	18.04 L	44.42 k
PB Fintech Ltd.	Financial technology (fintech)	450.1	1.61%	0.01%	2.04% (Dec 2024)	1.6% (Oct 2025)	2.47 L	6.10 k
Cummins India Ltd.	Compressors, pumps & diesel engines	444.1	1.59%	0.03%	1.59% (Nov 2025)	1.2% (Apr 2025)	99.16 k	2.43 k
Dixon Technologies (India) Ltd.	Consumer electronics	439.1	1.57%	-0.12%	2.01% (Dec 2024)	1.57% (Nov 2025)	30.08 k	747.00
Indusind Bank Ltd.	Private sector bank	414.9	1.48%	0.09%	1.48% (Nov 2025)	0% (Dec 2024)	4.83 L	11.90 k

- 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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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
BSE Ltd.	Exchange and data platform	3.1	869.7	3.10%	0.41%	3.13% (May 2025)	2.12% (Dec 2024)	3.00 L	7.38 k	Small Cap	16.53
Hero Motocorp Ltd.	2/3 wheelers	2.1	588.1	2.10%	0.19%	2.1% (Nov 2025)	0% (Dec 2024)	95.24 k	2.34 k	Large Cap	17.15
Persistent Systems Ltd.	Computers - software & consulting	5.86	500.2	1.79%	0.10%	2% (Dec 2024)	1.44% (Sep 2025)	78.73 k	1.96 k	Other	28.05
Suzlon Energy Ltd.	Heavy electrical equipment	4.67	480.7	1.72%	-0.19%	2.44% (May 2025)	1.72% (Nov 2025)	89.00 L	2.19 L	Small Cap	16.53
Coforge Ltd.	Computers - software & consulting	5.86	468.2	1.67%	0.09%	1.89% (Dec 2024)	1.48% (Sep 2025)	2.45 L	6.04 k	Other	28.05
Federal Bank Ltd.	Private sector bank	5.79	465.2	1.66%	0.11%	1.66% (Nov 2025)	1.32% (Sep 2025)	18.04 L	44.42 k	Mid Cap	38.26
PB Fintech Ltd.	Financial technology (fintech)	2.88	450.1	1.61%	0.01%	2.04% (Dec 2024)	1.6% (Oct 2025)	2.47 L	6.10 k	Other	28.05
Cummins India Ltd.	Compressors, pumps & diesel engines	1.59	444.1	1.59%	0.03%	1.59% (Nov 2025)	1.2% (Apr 2025)	99.16 k	2.43 k	Mid Cap	38.26
Dixon Technologies (India) Ltd.	Consumer electronics	1.57	439.1	1.57%	-0.12%	2.01% (Dec 2024)	1.57% (Nov 2025)	30.08 k	747.00	Other	28.05
Indusind Bank Ltd.	Private sector bank	5.79	414.9	1.48%	0.09%	1.48% (Nov 2025)	0% (Dec 2024)	4.83 L	11.90 k	Large Cap	17.15
HDFC Asset Management Co. Ltd.	Asset management company	1.42	398.7	1.42%	-0.03%	1.62% (Jul 2025)	1.22% (Jan 2025)	1.49 L	76.44 k	Large Cap	17.15
Au Small Finance Bank Ltd.	Other bank	1.41	394.5	1.41%	0.10%	1.41% (Nov 2025)	0.92% (Dec 2024)	4.13 L	10.17 k	Mid Cap	38.26
Indus Towers Ltd.	Telecom - infrastructure	1.39	388.9	1.39%	0.11%	1.65% (Apr 2025)	1.24% (Dec 2024)	9.70 L	23.89 k	Large Cap	17.15
Lupin Ltd.	Pharmaceuticals	6.63	369.6	1.32%	0.06%	1.66% (Dec 2024)	1.26% (Oct 2025)	1.78 L	4.37 k	Large Cap	17.15
IDFC First Bank Ltd.	Private sector bank	5.79	369.1	1.32%	-0.12%	1.44% (Oct 2025)	1.08% (Mar 2025)	46.06 L	-1.27 L	Mid Cap	38.26
- One 97 Communications Ltd.	Financial technology (fintech)	2.88	356	1.27%	0.00%	1.27% (Oct 2025)	0.82% (Jan 2025)	2.70 L	6.64 k	Other	28.05
Fortis Healthcare Ltd.	Hospital	1.53	351.4	1.25%	-0.17%	1.42% (Oct 2025)	1.04% (Jan 2025)	3.82 L	9.42 k	Other	28.05
Ashok Leyland Ltd.	Commercial vehicles	1.18	332	1.18%	0.10%	1.18% (Nov 2025)	0.92% (Dec 2024)	20.99 L	51.71 k	Mid Cap	38.26
Yes Bank	Private sector bank	5.79	331.3	1.18%	-0.01%	1.19% (Oct 2025)	1.01% (Mar 2025)	1.45 Cr	3.56 L	Other	28.05
Max Financial Services Ltd.	Life insurance	2.53	329.1	1.17%	0.09%	1.23% (Aug 2025)	0.84% (Dec 2024)	1.93 L	4.76 k	Mid Cap	38.26
Hindustan Petroleum Corporation Ltd.	Refineries & marketing	1.15	322.4	1.15%	-0.07%	1.22% (Oct 2025)	0.98% (Feb 2025)	7.05 L	17.35 k	Large Cap	17.15
UPL Ltd.	Pesticides & agrochemicals	1.85	316.5	1.13%	0.04%	1.13% (Nov 2025)	0.74% (Dec 2024)	4.17 L	10.27 k	Large Cap	17.15
SRF Ltd.	Specialty chemicals	1.76	311.8	1.11%	-0.02%	1.41% (Feb 2025)	0.95% (Dec 2024)	1.07 L	2.62 k	Mid Cap	38.26
Muthoot Finance Pvt. Ltd.	Non banking financial company (nbfc)	3.23	294.6	1.05%	0.14%	1.05% (Nov 2025)	0.67% (Dec 2024)	78.69 k	1.95 k	Mid Cap	38.26
GMR Airports Ltd.	Airport & airport services	1.01	283.7	1.01%	0.12%	1.01% (Nov 2025)	0.81% (Jan 2025)	26.18 L	64.48 k	Small Cap	16.53
Bharat Forge Ltd.	Castings & forgings	1.39	280.5	1.00%	0.06%	1% (Nov 2025)	0.86% (Aug 2025)	1.96 L	4.82 k	Mid Cap	38.26
Marico Ltd.	Personal care	2.86	278.6	0.99%	-0.02%	1.15% (Apr 2025)	0.99% (Dec 2024)	3.88 L	9.56 k	Large Cap	17.15
Polycab India Limited	Cables - electricals	1.65	275.5	0.98%	-0.05%	1.07% (Dec 2024)	0.83% (Mar 2025)	36.89 k	914.00	Other	28.05
Bharat Heavy Electricals Ltd.	Heavy electrical equipment	4.67	274.3	0.98%	0.07%	0.98% (Nov 2025)	0% (Dec 2024)	9.43 L	23.23 k	Mid Cap	38.26
FSN E-Commerce Ventures Ltd.	E-retail/ e-commerce	1.8	267.7	0.96%	0.06%	0.96% (Nov 2025)	0.65% (Dec 2024)	10.01 L	24.67 k	Other	28.05
GE T&D India Ltd.	Heavy electrical equipment	4.67	262.1	0.94%	-0.06%	1.02% (Sep 2025)	0% (Dec 2024)	90.97 k	2.24 k	Small Cap	16.53
Aurobindo Pharma Ltd.	Pharmaceuticals	6.63	251.7	0.90%	0.05%	1.09% (Dec 2024)	0.84% (Sep 2025)	2.05 L	5.05 k	Large Cap	17.15
Sundaram Finance Limited	Non banking financial company (nbfc)	3.23	238.9	0.85%	0.01%	1.11% (Apr 2025)	0.84% (Dec 2024)	50.51 k	1.24 k	Mid Cap	38.26
Phoenix Mills Ltd.	Residential, commercial projects	2.93	237.8	0.85%	0.02%	1.01% (Feb 2025)	0.78% (Jul 2025)	1.37 L	3.38 k	Small Cap	16.53
Swiggy Ltd.	E-retail/ e-commerce	1.8	235.8	0.84%	-0.09%	1% (Sep 2025)	0% (Dec 2024)	6.23 L	15.36 k	Other	28.05
- Mphasis Ltd.	Computers - software & consulting	5.86	234.9	0.84%	0.00%	1.01% (Jan 2025)	0.84% (Nov 2025)	83.55 k	2.06 k	Mid Cap	38.26
Alkem Laboratories Ltd.	Pharmaceuticals	6.63	234.9	0.84%	0.02%	0.88% (Dec 2024)	0.73% (Jun 2025)	41.31 k	1.01 k	Mid Cap	38.26
Godrej Properties Ltd.	Residential, commercial projects	2.93	233.1	0.83%	-0.08%	1.23% (Dec 2024)	0.82% (Sep 2025)	1.10 L	2.71 k	Mid Cap	38.26
Voltas Limited	Household appliances	1.42	229.9	0.82%	-0.02%	1.2% (Dec 2024)	0.82% (Jun 2025)	1.67 L	4.12 k	Mid Cap	38.26
APL Apollo Tubes Ltd.	Iron & steel products	1.98	228.8	0.82%	-0.04%	0.94% (May 2025)	0.82% (Jul 2025)	1.33 L	3.28 k	Other	28.05
MRF Ltd.	Tyres & rubber products	1.73	227.1	0.81%	-0.04%	0.85% (Oct 2025)	0.73% (Mar 2025)	1.49 k	31.00	Mid Cap	38.26
- Indian Bank	Public sector bank	2.5	225.7	0.81%	0.00%	0.81% (Nov 2025)	0.55% (Dec 2024)	2.59 L	6.38 k	Mid Cap	38.26
Dabur India Ltd.	Personal care	2.86	223.9	0.80%	0.04%	0.81% (Sep 2025)	0% (Dec 2024)	4.33 L	10.65 k	Large Cap	17.15
Waaree Energies Ltd.	Other electrical equipment	1.49	220.6	0.79%	-0.07%	0.88% (Sep 2025)	0% (Dec 2024)	69.55 k	1.71 k	Other	28.05
Tube Investments Of India Ltd.	Auto components & equipments	3.09	218.2	0.78%	-0.08%	1.12% (Dec 2024)	0.78% (Nov 2025)	78.35 k	1.94 k	Small Cap	16.53
Union Bank Of India	Public sector bank	2.5	217.3	0.78%	0.02%	0.82% (May 2025)	0% (Dec 2024)	14.18 L	34.92 k	Mid Cap	38.26
Glenmark Pharmaceuticals Ltd.	Pharmaceuticals	6.63	215.1	0.77%	0.01%	0.91% (Jul 2025)	0% (Dec 2024)	1.10 L	2.72 k	Mid Cap	38.26
Colgate - Palmolive (India) Limited	Personal care	2.86	209.6	0.75%	-0.04%	1.16% (Jan 2025)	0.75% (Nov 2025)	96.64 k	2.38 k	Large Cap	17.15
Vishal Mega Mart Ltd.	Diversified retail	0.75	208.8	0.75%	-0.06%	0.87% (Sep 2025)	0% (Dec 2024)	15.38 L	37.87 k	Other	28.05
Prestige Estates Projects Ltd.	Residential, commercial projects	2.93	207.6	0.74%	-0.04%	0.84% (Dec 2024)	0.64% (Mar 2025)	1.24 L	3.05 k	Mid Cap	38.26
Coromandel International Ltd.	Fertilizers	0.88	206.4	0.74%	0.07%	0.9% (Jul 2025)	0.65% (Dec 2024)	86.63 k	2.13 k	Mid Cap	38.26
Hitachi Energy India Ltd.	Heavy electrical equipment	4.67	205.7	0.73%	0.13%	0.73% (Nov 2025)	0.41% (Feb 2025)	9.33 k	236.00	Other	28.05
Pi Industries Ltd.	Pesticides & agrochemicals	1.85	201.8	0.72%	-0.05%	0.97% (Jul 2025)	0.72% (Nov 2025)	59.44 k	1.47 k	Mid Cap	38.26
Vodafone Idea Ltd.	Telecom - cellular & fixed line services	1.28	201.8	0.72%	0.08%	0.73% (Jan 2025)	0.52% (Aug 2025)	2.03 Cr	4.99 L	Large Cap	17.15
Aditya Birla Capital Ltd.	Life insurance	2.53	200.8	0.72%	0.06%	0.72% (Nov 2025)	0.37% (Dec 2024)	5.61 L	13.82 k	Mid Cap	38.26
360 ONE WAM Ltd.	Other financial services	0.99	200.3	0.71%	0.05%	0.73% (Jun 2025)	0% (Dec 2024)	1.69 L	4.17 k	Other	28.05
SBI Cards and Payment Services Ltd.	Non banking financial company (nbfc)	3.23	193.6	0.69%	-0.01%	0.88% (Feb 2025)	0.58% (Dec 2024)	2.20 L	5.42 k	Other	28.05
KEI Industries Ltd.	Cables - electricals	1.65	187.5	0.67%	0.01%	0.8% (Dec 2024)	0.57% (Mar 2025)	45.24 k	1.11 k	Small Cap	16.53
NMDC LTD	Industrial minerals	0.67	187.5	0.67%	-0.03%	0.76% (Mar 2025)	0.66% (Jun 2025)	25.36 L	62.46 k	Mid Cap	38.26
L&T Finance Holdings Ltd.	Investment company	0.92	186.9	0.67%	0.08%	0.67% (Nov 2025)	0.32% (Dec 2024)	5.98 L	14.73 k	Mid Cap	38.26
Mankind Pharma Ltd.	Pharmaceuticals	6.63	186.8	0.67%	-0.05%	0.88% (Dec 2024)	0.67% (Nov 2025)	82.97 k	2.04 k	Other	28.05
Torrent Power Ltd.	Integrated power utilities	0.65	183.5	0.65%	-0.02%	0.9% (Mar 2025)	0.65% (Nov 2025)	1.40 L	3.44 k	Mid Cap	38.26
Jindal Stainless Ltd.	Iron & steel products	1.98	181.7	0.65%	0.01%	0.72% (Aug 2025)	0.58% (Apr 2025)	2.36 L	5.80 k	Small Cap	16.53
Mahindra & Mahindra Financial Services Ltd.	Non banking financial company (nbfc)	3.23	180.5	0.64%	0.09%	0.64% (Nov 2025)	0.45% (May 2025)	4.85 L	11.95 k	Mid Cap	38.26
ICICI Prudential Life Insurance Co Ltd.	Life insurance	2.53	178.4	0.64%	0.02%	0.65% (Sep 2025)	0% (Dec 2024)	2.88 L	7.09 k	Large Cap	17.15
NHPC Ltd.	Power generation	1.23	178.2	0.64%	-0.07%	0.83% (Apr 2025)	0% (Dec 2024)	23.21 L	57.18 k	Mid Cap	38.26
Page Industries Ltd.	Garments & apparels	0.63	177.2	0.63%	-0.06%	0.88% (Feb 2025)	0.63% (Nov 2025)	4.62 k	117.00	Mid Cap	38.26
J.K. Cement Ltd.	Cement & cement products	1.35	176.8	0.63%	-0.06%	0.85% (Aug 2025)	0.56% (Dec 2024)	30.71 k	764.00	Small Cap	16.53
Biocon Ltd.	Pharmaceuticals	6.63	175.6	0.63%	0.04%	0.66% (Jul 2025)	0.44% (Apr 2025)	4.41 L	10.85 k	Mid Cap	38.26
- Jubilant Foodworks Ltd.	Restaurants	0.62	172.8	0.62%	0.00%	0.84% (Jan 2025)	0.62% (Nov 2025)	2.87 L	7.07 k	Other	28.05
UNO Minda Ltd.	Auto components & equipments	3.09	172.2	0.61%	0.02%	0.67% (Aug 2025)	0.49% (Apr 2025)	1.32 L	3.24 k	Small Cap	16.53
National Aluminium Co. Ltd.	Aluminium	0.61	171.1	0.61%	0.05%	0.61% (Nov 2025)	0% (Dec 2024)	6.58 L	16.21 k	Small Cap	16.53
Sona BLW Precision Forgings Ltd.	Auto components & equipments	3.09	168.3	0.60%	0.04%	0.78% (Dec 2024)	0.51% (Sep 2025)	3.29 L	8.10 k	Other	28.05
Blue Star Ltd.	Household appliances	1.42	168.1	0.60%	-0.07%	0.88% (Mar 2025)	0% (Dec 2024)	95.20 k	2.35 k	Small Cap	16.53
Oil India Ltd.	Oil exploration & production	0.59	165.4	0.59%	-0.04%	0.71% (Jan 2025)	0.59% (Nov 2025)	4.00 L	9.86 k	Mid Cap	38.26
Supreme Industries Ltd.	Plastic products - industrial	1.03	160.7	0.57%	-0.08%	0.89% (Dec 2024)	0.57% (Nov 2025)	47.38 k	1.16 k	Mid Cap	38.26
Tata Communications Ltd.	Telecom - cellular & fixed line services	1.28	156.4	0.56%	-0.03%	0.6% (Jan 2025)	0.53% (Aug 2025)	86.18 k	2.12 k	Mid Cap	38.26
Indian Railway Catering and Tourism Corporation Ltd.	Tour, travel related services	0.54	152	0.54%	-0.04%	0.7% (Mar 2025)	0% (Dec 2024)	2.21 L	5.45 k	Other	28.05
Petronet LNG Ltd.	Lpg/cng/png/lng supplier	1.34	149.5	0.53%	-0.03%	0.76% (Dec 2024)	0.53% (Nov 2025)	5.50 L	13.55 k	Large Cap	17.15
Ipca Laboratories Ltd.	Pharmaceuticals	6.63	148.2	0.53%	0.06%	0.67% (Dec 2024)	0.47% (Oct 2025)	1.02 L	2.52 k	Other	28.05
KPIT Technologies Ltd.	Computers - software & consulting	5.86	146.8	0.52%	0.01%	0.72% (Jan 2025)	0.5% (Sep 2025)	1.20 L	2.95 k	Other	28.05
Steel Authority Of India Ltd.	Iron & steel products	1.98	143.1	0.51%	-0.02%	0.54% (May 2025)	0.48% (Dec 2024)	10.61 L	26.13 k	Mid Cap	38.26
ITC Hotels Ltd	Hotels & resorts	0.51	142.7	0.51%	-0.03%	0.59% (Sep 2025)	0% (Dec 2024)	6.84 L	16.83 k	Other	28.05
Kalyan Jewellers India Ltd.	Gems, jewellery and watches	0.51	142.6	0.51%	-0.01%	0.86% (Dec 2024)	0.49% (Sep 2025)	2.82 L	6.95 k	Other	28.05
Oberoi Realty Ltd.	Residential, commercial projects	2.93	142.3	0.51%	-0.05%	0.8% (Dec 2024)	0.51% (Nov 2025)	86.37 k	2.13 k	Mid Cap	38.26
Patanjali Foods Ltd.	Edible oil	0.73	141.8	0.51%	-0.03%	0.67% (Feb 2025)	0.5% (Jun 2025)	2.50 L	6.14 k	Other	28.05
Oracle Financial Services Software Limited	Software products	0.5	141.2	0.50%	-0.04%	0.88% (Dec 2024)	0.5% (Nov 2025)	17.41 k	438.00	Mid Cap	38.26
Balkrishna Industries Ltd.	Tyres & rubber products	1.73	135.6	0.48%	-0.01%	0.73% (Feb 2025)	0.48% (Nov 2025)	58.75 k	1.45 k	Mid Cap	38.26
Rail Vikas Nigam Ltd.	Civil construction	0.7	135	0.48%	-0.02%	0.84% (Jan 2025)	0.48% (Nov 2025)	4.17 L	10.26 k	Other	28.05
Tata Elxsi Ltd.	Computers - software & consulting	5.86	131.2	0.47%	-0.03%	0.69% (Jan 2025)	0.47% (Nov 2025)	25.44 k	625.00	Small Cap	16.53
Bank Of India	Public sector bank	2.5	131.2	0.47%	0.02%	0.47% (Nov 2025)	0.36% (Dec 2024)	8.92 L	21.96 k	Mid Cap	38.26
Astral Ltd.	Plastic products - industrial	1.03	130.1	0.46%	-0.01%	0.6% (Dec 2024)	0.46% (Nov 2025)	90.32 k	2.22 k	Mid Cap	38.26
Container Corporation Of India Ltd.	Logistics solution provider	0.46	129.3	0.46%	-0.04%	0.67% (Jan 2025)	0.46% (Nov 2025)	2.53 L	6.22 k	Large Cap	17.15
Exide Industries Ltd.	Auto components & equipments	3.09	125.2	0.45%	-0.01%	0.56% (Dec 2024)	0.45% (Nov 2025)	3.34 L	8.23 k	Mid Cap	38.26
Adani Total Gas Ltd.	Lpg/cng/png/lng supplier	1.34	123.5	0.44%	-0.03%	0.55% (May 2025)	0% (Dec 2024)	2.04 L	5.01 k	Mid Cap	38.26
Apollo Tyres Limited	Tyres & rubber products	1.73	122.1	0.44%	0.01%	0.52% (Dec 2024)	0.4% (Jun 2025)	2.38 L	5.85 k	Mid Cap	38.26
LIC Housing Finance Ltd.	Housing finance company	0.43	121.2	0.43%	-0.03%	0.56% (Jan 2025)	0.43% (Nov 2025)	2.21 L	5.43 k	Mid Cap	38.26
Berger Paints India Ltd.	Paints	0.42	118	0.42%	0.01%	0.48% (Feb 2025)	0.37% (Dec 2024)	2.09 L	5.15 k	Large Cap	17.15
Dalmia Bharat Ltd.	Cement & cement products	1.35	117.5	0.42%	-0.02%	0.56% (Aug 2025)	0.41% (Dec 2024)	58.45 k	1.44 k	Mid Cap	38.26
Lloyds Metals And Energy Ltd.	Sponge iron	0.42	117.4	0.42%	-0.03%	0.57% (Jun 2025)	0.42% (Nov 2025)	96.16 k	2.37 k	Small Cap	16.53
Abbott India Ltd.	Pharmaceuticals	6.63	115.1	0.41%	0.01%	0.55% (Feb 2025)	0.4% (Oct 2025)	3.83 k	95.00	Mid Cap	38.26
Schaeffler India Ltd.	Auto components & equipments	3.09	115.1	0.41%	-0.02%	0.49% (May 2025)	0.4% (Dec 2024)	29.52 k	736.00	Other	28.05
Apar Industries Ltd.	Other electrical equipment	1.49	113.5	0.41%	0.02%	0.42% (Jul 2025)	0% (Dec 2024)	12.40 k	311.00	Small Cap	16.53
AIA Engineering Ltd.	Castings & forgings	1.39	110	0.39%	0.05%	0.45% (Jan 2025)	0.33% (Sep 2025)	28.49 k	704.00	Mid Cap	38.26
Motilal Oswal Financial Services Ltd.	Stockbroking & allied	0.39	108.7	0.39%	-0.01%	0.4% (Oct 2025)	0% (Dec 2024)	1.13 L	2.79 k	Small Cap	16.53
Cochin Shipyard Ltd.	Ship building & allied services	0.37	103.5	0.37%	-0.03%	0.48% (Jun 2025)	0.37% (Feb 2025)	62.11 k	1.53 k	Other	28.05
Indraprastha Gas Ltd.	Lpg/cng/png/lng supplier	1.34	102.6	0.37%	-0.03%	0.46% (Feb 2025)	0.37% (Nov 2025)	5.15 L	12.68 k	Mid Cap	38.26
Gujarat Fluorochemicals Ltd.	Specialty chemicals	1.76	102.6	0.37%	-0.04%	0.52% (Mar 2025)	0.37% (Nov 2025)	29.97 k	749.00	Other	28.05
- Bharat Dynamics Ltd.	Aerospace & defense	0.37	102.4	0.37%	0.00%	0.53% (May 2025)	0.3% (Dec 2024)	67.63 k	1.67 k	Other	28.05
Bharti Hexacom Ltd.	Telecom - equipment & accessories	0.35	97.6	0.35%	-0.02%	0.4% (May 2025)	0.32% (Jan 2025)	55.19 k	1.36 k	Other	28.05
- Escorts Ltd.	Tractors	0.33	93	0.33%	0.00%	0.37% (Jan 2025)	0.3% (Jun 2025)	24.36 k	601.00	Small Cap	16.53
Linde India Ltd.	Industrial gases	0.33	92	0.33%	-0.01%	0.45% (May 2025)	0.33% (Nov 2025)	15.43 k	393.00	Small Cap	16.53
Syngene International Ltd.	Healthcare research, analytics & technology	0.32	90.2	0.32%	-0.01%	0.45% (Dec 2024)	0.32% (Nov 2025)	1.39 L	3.43 k	Mid Cap	38.26
L&T Technology Services Ltd.	It enabled services	0.32	89.7	0.32%	0.02%	0.47% (Jan 2025)	0.3% (Oct 2025)	20.20 k	491.00	Mid Cap	38.26
United Breweries Ltd.	Breweries & distilleries	0.32	89.6	0.32%	-0.02%	0.51% (Feb 2025)	0.32% (Nov 2025)	52.99 k	1.31 k	Large Cap	17.15
Procter & Gamble Hygiene & Health Care Ltd.	Personal care	2.86	88.5	0.32%	-0.01%	0.45% (Feb 2025)	0% (Dec 2024)	6.93 k	180.00	Large Cap	17.15
Housing & Urban Development Corporation Ltd.	Financial institution	0.61	88.1	0.31%	-0.01%	0.36% (Jan 2025)	0.29% (Feb 2025)	3.68 L	9.07 k	Small Cap	16.53
K.P.R. Mill Ltd.	Other textile products	0.31	88.1	0.31%	-0.01%	0.33% (Sep 2025)	0.28% (Feb 2025)	81.62 k	2.03 k	Other	28.05
- General Insurance Corporation of India	General insurance	0.42	87.9	0.31%	0.00%	0.41% (Mar 2025)	0.31% (Nov 2025)	2.27 L	5.59 k	Large Cap	17.15
Godfrey Phillips India Ltd.	Cigarettes & tobacco products	0.31	85.8	0.31%	-0.02%	0.38% (Sep 2025)	0% (Dec 2024)	29.87 k	746.00	Small Cap	16.53
Tata Technologies Ltd.	Computers - software & consulting	5.86	85.5	0.31%	-0.01%	0.4% (Dec 2024)	0.29% (Aug 2025)	1.26 L	3.10 k	Other	28.05
Associated Cement Companies Ltd.	Cement & cement products	1.35	85.1	0.30%	-0.01%	0.43% (Feb 2025)	0.3% (Nov 2025)	45.96 k	1.13 k	Mid Cap	38.26
Indian Renewable Energy Development Agency Ltd.	Financial institution	0.61	83.4	0.30%	-0.02%	0.42% (Dec 2024)	0.3% (Nov 2025)	5.84 L	14.38 k	Other	28.05
Thermax Ltd.	Heavy electrical equipment	4.67	83	0.30%	-0.03%	0.47% (Jan 2025)	0.3% (Nov 2025)	28.43 k	702.00	Mid Cap	38.26
Premier Energies Ltd.	Other electrical equipment	1.49	81.8	0.29%	-0.04%	0.33% (Oct 2025)	0% (Dec 2024)	83.84 k	2.07 k	Other	28.05
CRISIL Ltd.	Other financial services	0.99	79.1	0.28%	-0.04%	0.47% (Dec 2024)	0.28% (Nov 2025)	17.89 k	456.00	Mid Cap	38.26
- Ajanta Pharma Limited	Pharmaceuticals	6.63	79.1	0.28%	0.00%	0.36% (Dec 2024)	0.28% (Nov 2025)	30.90 k	774.00	Small Cap	16.53
Deepak Nitrite Ltd.	Specialty chemicals	1.76	78.6	0.28%	-0.04%	0.5% (Jan 2025)	0.28% (Nov 2025)	50.41 k	1.24 k	Small Cap	16.53
GlaxoSmithKline Pharmaceuticals Ltd.	Pharmaceuticals	6.63	78.1	0.28%	-0.01%	0.39% (May 2025)	0.25% (Jan 2025)	30.38 k	755.00	Mid Cap	38.26
Global Health Ltd.	Hospital	1.53	77.2	0.28%	-0.01%	0.34% (Aug 2025)	0.26% (Dec 2024)	61.92 k	1.52 k	Other	28.05
Hexaware Technologies Ltd.	Computers - software & consulting	5.86	73.7	0.26%	0.02%	0.26% (Nov 2025)	0% (Dec 2024)	97.37 k	2.40 k	Other	28.05
3M India Ltd.	Diversified	0.26	72.3	0.26%	0.04%	0.27% (Jan 2025)	0.22% (Jun 2025)	2.07 k	47.00	Mid Cap	38.26
Tata Investment Corporation Ltd.	Investment company	0.92	71.1	0.25%	-0.03%	0.37% (Sep 2025)	0.24% (Apr 2025)	95.38 k	2.35 k	Other	28.05
Endurance Technologies Ltd.	Auto components & equipments	3.09	68.4	0.24%	-0.03%	0.29% (Aug 2025)	0.2% (Apr 2025)	25.87 k	642.00	Mid Cap	38.26
Bank of Maharashtra	Public sector bank	2.5	67.6	0.24%	-0.01%	0.25% (Oct 2025)	0.23% (Mar 2025)	11.54 L	28.44 k	Small Cap	16.53
NTPC Green Energy Ltd.	Power generation	1.23	64.7	0.23%	-0.02%	0.28% (Aug 2025)	0% (Dec 2024)	6.82 L	16.79 k	Other	28.05
JSW Infrastructure Ltd.	Engineering, designing, construction	0.23	63.9	0.23%	-0.02%	0.28% (Mar 2025)	0.23% (Jul 2025)	2.36 L	5.82 k	Other	28.05
Adani Wilmar Ltd.	Edible oil	0.73	62.7	0.22%	-0.02%	0.27% (Mar 2025)	0.13% (Jan 2025)	2.42 L	5.96 k	Other	28.05
IRB Infrastructure Developers Ltd.	Civil construction	0.7	62.5	0.22%	-0.02%	0.35% (Jan 2025)	0.22% (Nov 2025)	14.56 L	35.85 k	Other	28.05
NLC India Ltd.	Power generation	1.23	58.2	0.21%	-0.02%	0.26% (Sep 2025)	0.21% (Nov 2025)	2.39 L	5.89 k	Small Cap	16.53
Honeywell Automation India Ltd.	Industrial products	0.2	57.3	0.20%	-0.01%	0.28% (Jan 2025)	0.2% (Nov 2025)	1.62 k	35.00	Mid Cap	38.26
Gujarat Gas Ltd.	Gas transmission/marketing	0.18	50.1	0.18%	-0.01%	0.26% (Jan 2025)	0.18% (Nov 2025)	1.27 L	3.12 k	Other	28.05
- IDBI Bank Ltd.	Private sector bank	5.79	41.3	0.15%	0.00%	0.15% (Nov 2025)	0% (Dec 2024)	4.11 L	10.14 k	Mid Cap	38.26
SJVN Ltd.	Power generation	1.23	40.9	0.15%	-0.02%	0.22% (Jan 2025)	0.15% (Nov 2025)	5.25 L	12.93 k	Small Cap	16.53
Fertilisers and Chemicals Travancore Ltd.	Fertilizers	0.88	40.1	0.14%	-0.01%	0.18% (Jan 2025)	0% (Dec 2024)	45.71 k	1.13 k	Small Cap	16.53
Godrej Industries Ltd	Animal feed	0.12	34.2	0.12%	-0.01%	0.24% (Feb 2025)	0.12% (Nov 2025)	32.51 k	818.00	Mid Cap	38.26
The New India Assurance Company Ltd.	General insurance	0.42	30.1	0.11%	-0.01%	0.14% (Jul 2025)	0.11% (Nov 2025)	1.77 L	4.35 k	Mid Cap	38.26
- Indian Overseas Bank	Public sector bank	2.5	29.6	0.11%	0.00%	0.11% (Oct 2025)	0% (Dec 2024)	7.64 L	18.81 k	Mid Cap	38.26
UCO Bank	Public sector bank	2.5	25.7	0.09%	-0.01%	0.1% (Oct 2025)	0% (Dec 2024)	8.35 L	20.57 k	Small Cap	16.53

- 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
No new entrants in the portfolio in the last month.

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
No complete exits in the portfolio in the last month.

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
BSE Ltd.	3.10%	2.69%	2.32%	2.48%	2.79%	3.09%	3.13%	2.64%	2.36%	2.19%	2.24%	2.12%	1.90%
Max Healthcare Institute Ltd.	-	-	-	2.50%	2.62%	2.60%	2.41%	2.50%	2.59%	2.53%	2.46%	2.45%	2.18%
Indian Hotels Company Limited	-	-	-	-	-	-	-	-	-	2.20%	2.10%	2.26%	2.09%
Suzlon Energy Ltd.	1.72%	1.91%	1.86%	1.96%	2.07%	2.21%	2.44%	2.05%	2.14%	2.06%	2.10%	2.16%	2.24%
Hero Motocorp Ltd.	2.10%	1.91%	1.98%	-	-	-	-	-	-	-	-	-	-
Dixon Technologies (India) Ltd.	1.57%	1.69%	1.86%	1.89%	1.85%	1.60%	1.63%	1.94%	1.62%	1.86%	1.78%	2.01%	1.79%
Persistent Systems Ltd.	1.79%	1.69%	1.44%	1.66%	1.56%	1.78%	1.73%	1.73%	1.87%	1.95%	1.98%	2.00%	1.88%
PB Fintech Ltd.	1.61%	1.60%	1.60%	1.71%	1.70%	1.66%	1.68%	1.65%	1.67%	1.69%	1.78%	2.04%	1.80%
Coforge Ltd.	1.67%	1.58%	1.48%	1.67%	1.64%	1.76%	1.64%	1.49%	1.72%	1.71%	1.72%	1.89%	1.73%
Federal Bank Ltd.	1.66%	1.55%	1.32%	1.37%	1.40%	1.43%	1.43%	1.48%	1.50%	1.52%	1.43%	1.43%	1.55%
Lupin Ltd.	1.32%	1.26%	1.29%	1.33%	1.32%	1.29%	1.36%	1.55%	1.56%	1.60%	1.56%	1.66%	1.48%
Indusind Bank Ltd.	1.48%	1.39%	1.35%	-	-	-	-	-	-	-	-	-	-
HDFC Asset Management Co. Ltd.	1.42%	1.45%	1.57%	1.61%	1.62%	1.45%	1.40%	1.36%	1.29%	1.28%	1.22%	1.25%	1.28%
Indus Towers Ltd.	1.39%	1.28%	1.26%	1.30%	1.36%	1.53%	1.46%	1.65%	1.40%	1.40%	1.34%	1.24%	1.30%
Cummins India Ltd.	1.59%	1.56%	1.48%	1.50%	1.36%	1.26%	1.27%	1.20%	1.31%	1.28%	1.23%	1.30%	1.42%