Portfolio Holdings

Top 20 holdings as at 30 March 2026

Holding	Sector	% of Portfolio
RBL Bank	Financial Services	5.5
Skipper	Industrials	4.8
Federal Bank	Financials - Banks	4.8
Multi Commodity Exchange	Financial Services	4.7
Affle India	Digital	4.2
City Union Bank	Financials - Banks	3.8
IDFC Bank	Financial Banks	3.7
Neuland Laboratories	Health Care	3.6
Dixon Technologies	Consumer Discretionary	3.6
CCL Products India	Consumer Staples	3.6
Persistent Systems	IT services	3.5
Sona BLW Precision Forgings	Auto & Auto Ancillary	3.5
Atlanta Electricals	Industrials	3.3
Essel Propack	Consumer Staples	3.3
Emami	Consumer Staples	3.2
Kajaria Ceramics	Consumer Discretionary	3.2
Aether Industries	Chemicals	3.2
JK Lakshmi Cement	Cement	2.6
Cartrade Technologies	Digital	2.5
Ramkrishna Forgings	Auto & Auto Ancillary	2.4

Portfolio analysis by sector as at 30 March 2026

Sector	No. of Companies	% of Portfolio
Auto & Auto Ancilliary	3	7.9
Cement	2	5.1
Chemicals	2	5.2
Consumer Discretionary	3	8.6
Consumer Staples	4	11.1
Digital	2	5.9
Energy	0	0.0
Financials Banks	4	18.9
Financial Services	2	6.5
Health Care	2	5.4
Industrials	6	14.2
IT Services	2	5.2
Metals	0	0.0
Real Estate	0	0.0
Textiles	2	2.9
Utilities	0	0.0
Total Equity Investment	34	96.5
Net Cash	0	3.5
Total Portfolio	34	100.0

Portfolio analysis by Market Capitalisation as at 30 March 2026

Market Capitalisation Size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$3.5bn)	28	73.8
Mid Cap (US$3.5bn < M/Cap < US$10.5bn)	6	22.7
Large Cap (M/Cap > US$10.5bn)	0	0.0
Total Equity Investment	34	96.5
Net Cash	0	3.5
Total Portfolio	34	100.0

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