Portfolio Holdings

Top 20 holdings as at 29 April 2022

Holding	Sector	% of Portfolio
Federal Bank	Finacials - Banks	6.3
Ramkrishna Forgings	Materials	4.8
Emami	Consumer Staples	4.8
IndusInd Bank	Financials - Banks	4.8
Persistent Systems	IT	4.5
IDFC Bank	Financials - Banks	4.0
Affle India	Communication Services	3.7
City Union Bank	Financials - Banks	3.7
Tech Mahindra	IT	3.5
PI Industries	Materials	3.3
Jyothy Laboratories	Consumer Staples	3.1
Balkrishna Industries	Consumer Discretionary	3.1
Sagar Cements	Materials	3.1
Aarti Industries	Materials	3.0
Kajaria Ceramics	Industrials	2.9
Neuland Laboratories	Health Care	2.8
Bajaj Electricals	Consumer Discretionary	2.8
Welspun India	Consumer Discretionary	2.8
Dixon Technologies	Consumer Discretionary	2.6
Multi Commodity Exchange	Financials	2.5

Portfolio analysis by sector as at 29 April 2022

Sector	No. of Companies	% of Portfolio
Financials	5	21.2
Materials	7	19.3
Consumer Discretionary	7	15.9
Consumer Staples	3	10.3
Industrials	4	8.9
IT	2	8.0
Health Care	2	5.0
Communication Services	1	3.7
Energy	1	2.0
Total Equity Investment	32	94.4
Net Cash		5.6
Total Portfolio	32	100.0

Portfolio analysis by market capitalisation size as at 29 April 2022

Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$2bn)	15	39.6
Mid Cap (US$2bn < M/Cap < US$8bn)	14	44.4
Large Cap (M/Cap > US$8bn)	3	10.4
Total Equity Investment	32	94.4
Net Cash		5.6
Total Portfolio	32	100.0

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