Portfolio Holdings

Top 20 holdings as at 30 April 2026

Holding	Sector	% of Portfolio
Skipper	Industrials	5.9
RBL Bank	Financial Services	5.5
Multi Commodity Exchange	Financial Services	5.0
Federal Bank	Financials - Banks	4.5
Neuland Laboratories	Health Care	3.8
IDFC Bank	Financial - Banks	3.7
City Union Bank	Financials - Banks	3.6
Dixon Technologies	Consumer Discretionary	3.6
Affle India	Digital	3.5
Kajaria Ceramics	Consumer Discretionary	3.5
CCL Products India	Consumer Staples	3.3
Atlanta Electricals	Industrials	3.1
Essel Propack	Consumer Staples	3.1
Emami	Consumer Staples	3.1
Sona BLW Precision Forgings	Auto & Auto Ancillary	2.7
Ramkrishna Forgings	Auto & Auto Ancillary	2.6
Persistent Systems	IT services	2.6
JK Lakshmi Cement	Cement	2.5
Aether Industries	Chemicals	2.5
Coforge	IT Services	2.4

Portfolio analysis by sector as at 30 April 2026

Sector	No. of Companies	% of Portfolio
Auto & Auto Ancilliary	3	7.2
Cement	2	4.4
Chemicals	2	4.8
Consumer Discretionary	3	8.9
Consumer Staples	3	9.5
Digital	2	5.6
Energy	0	0.0
Financials Banks	4	17.3
Financial Services	2	7.0
Health Care	2	5.8
Industrials	6	16.2
IT Services	2	4.9
Metals	0	0.0
Real Estate	0	0.0
Textiles	2	2.9
Utilities	0	0.0
Total Equity Investment	33	94.6
Net Cash	0	5.4
Total Portfolio	33	100.0

Portfolio analysis by Market Capitalisation as at 30 April 2026

Market Capitalisation Size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$3.5bn)	26	70.7
Mid Cap (US$3.5bn < M/Cap < US$10.5bn)	7	24.0
Large Cap (M/Cap > US$10.5bn)	0	0.0
Total Equity Investment	33	94.6
Net Cash	0	5.4
Total Portfolio	33	100.0

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