Portfolio Holdings

Top 20 holdings as at 30 August 2022

Holding	Sector	% of Portfolio
Federal Bank	Financials - Banks	6.7
IDFC Bank	Financials - Banks	5.4
IndusInd Bank	Financials - Banks	5.2
Ramkrishna Forgings	Materials	4.9
City Union Bank	Financials - Banks	4.6
Emami	Consumer Staples	4.5
PI Industries	Materials	3.8
Affle India	Communication Services	3.8
Persistent Systems	IT	3.5
Kajaria Ceramics	Industrials	3.1
Bajaj Electricals	Consumer Discretionary	3.0
Jyothy Laboratories	Consumer Staples	2.9
Tech Mahindra	IT	2.8
Sona BLW Precision Forgings	Consumer Discretionary	2.8
Balkrishna Industries	Consumer Discretionary	2.8
CCL Products India	Consumer Staples	2.7
Aarti Industries	Materials	2.6
Neuland Laboratories	Health Care	2.6
Sagar Cements	Materials	2.6
Dixon Technologies	Consumer Discretionary	2.5

Portfolio analysis by sector as at 30 August 2022

Sector	No. of Companies	% of Portfolio
Financials	6	25.1
Materials	7	18.9
Consumer Discretionary	7	16.1
Consumer Staples	3	10.1
Industrials	4	9.3
IT	3	7.2
Health Care	2	4.2
Communication Services	1	3.8
Total Equity Investment	33	94.6
Net Cash		5.4
Total Portfolio	33	100.0

Portfolio analysis by market capitalisation size as at 30 August 2022

Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$2bn)	14	37.5
Mid Cap (US$2bn < M/Cap < US$8bn)	15	46.4
Large Cap (M/Cap > US$8bn)	4	10.7
Total Equity Investment	33	94.6
Net Cash		5.4
Total Portfolio	33	100.0

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