Top 20 holdings as at 30 December 2022
| Holding | Sector | % of Portfolio |
|---|---|---|
| Federal Bank | Financials - Banks | 7.2 |
| IDFC Bank | Financials - Banks | 5.9 |
| IndusInd Bank | Financials - Banks | 5.2 |
| City Union Bank | Financials - Banks | 4.2 |
| Ramkrishna Forgings | Materials | 4.1 |
| Emami | Consumer Staples | 3.7 |
| Persistent Systems | IT | 3.6 |
| PI Industries | Materials | 3.5 |
| JK Lakshmi Cement | Materials | 3.3 |
| Skipper | Industrials | 3.3 |
| Balkrishna Industries | Consumer Discretionary | 3.2 |
| Neuland Laboratories | Health Care | 3.1 |
| Kajaria Ceramics | Industrials | 2.9 |
| Affle India | Communication Services | 2.9 |
| Jyothy Laboratories | Consumer Staples | 2.9 |
| Multi Commodity Exchange | Financials | 2.8 |
| CCL Products India | Consumer Staples | 2.8 |
| Bajaj Electricals | Consumer Discretionary | 2.7 |
| Sagar Cements | Materials | 2.7 |
| Tech Mahindra | IT | 2.5 |
Portfolio analysis by sector as at 30 December 2022
| Sector | No. of Companies | % of Portfolio |
|---|---|---|
| Financials | 6 | 26.3 |
| Materials | 7 | 18.0 |
| Consumer Discretionary | 8 | 16.7 |
| Industrials | 5 | 12.6 |
| Consumer Staples | 3 | 9.3 |
| IT | 3 | 6.9 |
| Health Care | 2 | 3.4 |
| Communication Services | 1 | 2.9 |
| Total Equity Investment | 35 | 96.0 |
| Net Cash | 4.0 | |
| Total Portfolio | 35 | 100.0 |
Portfolio analysis by market capitalisation size as at 30 December 2022
| Market capitalisation size | No. of Companies | % of Portfolio |
|---|---|---|
| Small Cap (M/Cap < US$2bn) | 18 | 46.5 |
| Mid Cap (US$2bn < M/Cap < US$8bn) | 15 | 41.8 |
| Large Cap (M/Cap > US$8bn) | 2 | 7.7 |
| Total Equity Investment | 35 | 96.0 |
| Net Cash | 4.0 | |
| Total Portfolio | 35 | 100.0 |