Portfolio Holdings

Top 20 holdings as at 29 October 2021

Holding	Sector	% of Portfolio
Federal Bank	Finacials - Banks	6.7
Ramkrishna Forgings	Materials	4.8
IndusInd Bank	Financials - Banks	4.7
Emami	Consumer Staples	4.6
Tech Mahindra	IT	4.5
Persistent Systems	IT	4.2
Welspun India	Consumer Discretionary	4.0
PI Industries	Materials	3.7
Kajaria Ceramics	Industrials	3.7
IDFC Bank	Financials - Banks	3.5
Sagar Cements	Materials	3.2
Divi's Laboratories	Health Care	3.0
Balkrishna Industries	Consumer Discretionary	2.9
Neuland Laboratories	Health Care	2.9
Dixon Technologies	Consumer Discretionary	2.9
Aarti Industries	Materials	2.9
Jyothy Laboratories	Consumer Staples	2.7
JK Lakshmi Cement	Materials	2.6
Multi Commodity Exchange	Financials - Diversified	2.6
CCL Products	Consumer Staples	2.6

Portfolio analysis by sector as at 29 October 2021

Sector	No. of Companies	% of Portfolio
Materials	7	20.6
Financials - Banks	4	17.1
Consumer Discretionary	5	13.9
Consumer Staples	4	11.5
Industrials	4	9.2
IT	2	8.6
Health Care	2	5.9
Financials - Diversified	1	2.6
Communication Services	1	2.5
Utilities	1	2.3
Energy	1	1.8
Total Equity Investment	32	96.1
Net Cash		3.9
Total Portfolio	32	100.0

Portfolio analysis by market capitalisation size as at 29 October 2021

Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$2bn)	17	42.3
Mid Cap (US$2bn < M/Cap < US$8bn)	12	41.6
Large Cap (M/Cap > US$8bn)	3	12.2
Total Equity Investment	32	96.1
Net Cash		3.9
Total Portfolio	32	100.0

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