Portfolio Holdings

Top 20 holdings as at 28 February 2026

Holding	Sector	% of Portfolio
RBL Bank	Financial Services	5.6
Federal Bank	Financials - Banks	5.1
Skipper	Industrials	4.9
Multi Commodity Exchange	Financial Services	4.4
IDFC Bank	Financial Banks	4.2
City Union Bank	Financials - Banks	4.1
CCL Products India	Consumer Staples	4.0
Affle	Digital	3.7
Sona BLW Precision Forgings	Auto & Auto Ancillary	3.5
Neuland Laboratories	Health Care	3.5
Emami	Consumer Staples	3.5
Dixon Technologies	Consumer Discretionary	3.2
Essel Propack	Consumer Staples	3.2
Persistent Systems	IT services	3.2
JK Lakshmi Cement	Cement	3.0
Kajaria Ceramics	Consumer Discretionary	3.0
Aether Industries	Chemicals	2.7
Atlanta Electricals	Industrials	2.6
Ramkrishna Forgings	Auto & Auto Ancillary	2.6
PI Industries	Chemicals	2.4

Portfolio analysis by sector as at 28 February 2026

Sector	No. of Companies	% of Portfolio
Auto & Auto Ancilliary	3	7.9
Cement	2	5.1
Chemicals	2	5.2
Consumer Discretionary	3	8.6
Consumer Staples	4	11.1
Digital	2	5.9
Energy	0	0.0
Financials Banks	4	18.9
Financial Services	2	6.5
Health Care	2	5.4
Industrials	6	14.2
IT Services	2	5.2
Metals	0	0.0
Real Estate	0	0.0
Textiles	2	2.9
Utilities	0	0.0
Total Equity Investment	34	96.9
Net Cash	0	3.1
Total Portfolio	34	100.0

Portfolio analysis by Market Capitalisation* as at 28 February 2026

Market Capitalisation Size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$3.5bn)	27	72.4
Mid Cap (US$3.5bn < M/Cap < US$10.5bn)	7	24.5
Large Cap (M/Cap > US$10.5bn)	0	0.0
Total Equity Investment	34	96.9
Net Cash	0	31.
Total Portfolio	34	100.0

*Further information on our Market Capitalisation Reclassification review can be found here

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