Portfolio Holdings

Top 20 holdings as at 29 July 2022

Holding	Sector	% of Portfolio
Federal Bank	Finacials - Banks	6.5
IndusInd Bank	Financials - Banks	5.2
Ramkrishna Forgings	Materials	4.6
Emami	Consumer Staples	4.5
IDFC Bank	Financials - Banks	4.4
City Union Bank	Financials - Banks	4.3
Persistent Systems	IT	3.9
PI Industries	Materials	3.7
Kajaria Ceramics	Industrials	3.4
Balkrishna Industries	Consumer Discretionary	3.3
Affle India	Communication Services	3.3
Tech Mahindra	IT	3.0
Bajaj Electricals	Consumer Discretionary	2.9
Neuland Laboratories	Health Care	2.8
Jyothy Laboratories	Consumer Staples	2.8
CCL Products India	Consumer Staples	2.7
Aarti Industries	Materials	2.6
Multi Commodity Exchange	Financials	2.5
Dixon Technologies	Consumer Discretionary	2.4
Welspun India	Consumer Discretionary	2.4

Portfolio analysis by sector as at 29 July 2022

Sector	No. of Companies	% of Portfolio
Financials	6	24.0
Materials	7	18.5
Consumer Discretionary	7	15.5
Consumer Staples	3	10.0
Industrials	4	9.6
IT	3	7.8
Health Care	2	4.7
Communication Services	1	3.3
Total Equity Investment	33	93.2
Net Cash		6.8
Total Portfolio	33	100.0

Portfolio analysis by market capitalisation size as at 29 July 2022

Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$2bn)	15	40.6
Mid Cap (US$2bn < M/Cap < US$8bn)	15	42.7
Large Cap (M/Cap > US$8bn)	3	10.0
Total Equity Investment	33	93.2
Net Cash		6.8
Total Portfolio	33	100.0

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