Portfolio Holdings

Top 20 holdings as at 31 May 2022

Holding	Sector	% of Portfolio
Federal Bank	Finacials - Banks	6.2
IndusInd Bank	Financials - Banks	4.9
Ramkrishna Forgings	Materials	4.6
Emami	Consumer Staples	4.4
Persistent Systems	IT	4.3
City Union Bank	Financials - Banks	4.0
IDFC Bank	Financials - Banks	4.0
Balkrishna Industries	Consumer Discretionary	3.6
Tech Mahindra	IT	3.5
PI Industries	Materials	3.5
Affle India	Communication Services	3.4
Kajaria Ceramics	Industrials	3.2
Sagar Cements	Materials	3.0
Jyothy Laboratories	Consumer Staples	2.8
Aarti Industries	Materials	2.7
Bajaj Electricals	Consumer Discretionary	2.7
Dixon Technologies	Consumer Discretionary	2.7
Multi Commodity Exchange	Financials	2.6
Neuland Laboratories	Health Care	2.5
Welspun India	Consumer Discretionary	2.4

Portfolio analysis by sector as at 31 May 2022

Sector	No. of Companies	% of Portfolio
Financials	6	22.8
Materials	7	19.2
Consumer Discretionary	7	16.0
Consumer Staples	3	9.5
Industrials	4	9.3
IT	3	8.3
Health Care	2	4.3
Communication Services	1	3.4
Energy	1	2.1
Total Equity Investment	34	94.9
Net Cash		5.1
Total Portfolio	34	100.0

Portfolio analysis by market capitalisation size as at 31 May 2022

Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$2bn)	16	42.4
Mid Cap (US$2bn < M/Cap < US$8bn)	15	42.2
Large Cap (M/Cap > US$8bn)	3	10.4
Total Equity Investment	34	94.9
Net Cash		5.1
Total Portfolio	34	100.0

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