Portfolio Holdings

Top 20 holdings as at 30 September 2021

Holding	Sector	% of Portfolio
Federal Bank	Finacials - Banks	5.8
Emami	Consumer Staples	4.9
Welspun India	Consumer Discretionary	4.9
Ramkrishna Forgings	Materials	4.8
IndusInd Bank	Financials - Banks	4.6
Tech Mahindra	IT	4.2
Persistent Systems	IT	3.9
PI Industries	Materials	3.9
Kajaria Ceramics	Industrials	3.6
Sagar Cements	Materials	3.4
IDFC Bank	Financials - Banks	3.4
Balkrishna Industries	Consumer Discretionary	3.0
Jyothy Laboratories	Consumer Staples	2.9
Divi's Laboratories	Health Care	2.8
Aarti Industries	Materials	2.8
Neuland Laboratories	Health Care	2.7
Dixon Technologies	Consumer Discretionary	2.7
JK Lakshmi Cement	Materials	2.6
CCL Products	Consumer Staples	2.6
Multi Commodity Exchange	Financials - Diversified	2.5

Portfolio analysis by sector as at 30 September 2021

Sector	No. of Companies	% of Portfolio
Materials	7	20.9
Financials - Banks	4	15.8
Consumer Discretionary	5	14.6
Consumer Staples	4	12.3
Industrials	4	9.4
IT	2	8.1
Health Care	2	5.5
Financials - Diversified	1	2.5
Communication Services	1	2.5
Utilities	1	2.4
Energy	1	1.9
Total Equity Investment	32	96.0
Net Cash		4.0
Total Portfolio	32	100.0

Portfolio analysis by market capitalisation size as at 30 September 2021

Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$1bn)	9	24.2
Mid Cap (US$1bn < M/Cap < US$7bn)	20	60.1
Large Cap (M/Cap > US$7bn)	3	11.6
Total Equity Investment	32	96.0
Net Cash		4.0
Total Portfolio	32	100.0

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