Portfolio analysis by sector as at 31 December 2020
| Sector | No. of Companies | % of Portfolio |
|---|---|---|
| Materials | 7 | 20.1 |
| Financials - Banks | 4 | 17.3 |
| Consumer Staples | 4 | 14.6 |
| Industrials | 4 | 10.5 |
| Consumer Discretionary | 4 | 10.4 |
| IT | 3 | 6.8 |
| Health Care | 2 | 6.6 |
| Utilities | 1 | 3.7 |
| Financials - Diversified | 1 | 3.1 |
| Energy | 1 | 2.6 |
| Financials - Insurance | 1 | 2.2 |
| Real Estate | 1 | 0.1 |
| Total Equity Investment | 33 | 98.0 |
| Net Cash | 2.0 | |
| Total Portfolio | 33 | 100.0 |
Top 20 holdings as at 31 December 2020
| Holding | Sector | % of Portfolio |
|---|---|---|
| Federal Bank | Finacials - Banks | 6.0 |
| Emami | Consumer Staples | 5.4 |
| IndusInd Bank | Financials - Banks | 5.4 |
| PI Industries | Materials | 4.8 |
| Tech Mahindra | IT | 4.3 |
| Divi's Laboratories | Health Care | 4.1 |
| Gujarat Gas | Utilities | 3.7 |
| Kajaria Ceramics | Industrials | 3.5 |
| City Union Bank | Financials - Banks | 3.4 |
| Jyothy Laboratories | Consumer Staples | 3.3 |
| Bajaj Consumer Care | Consumer Discretionary | 3.2 |
| JK Lakshmi Cement | Materials | 3.1 |
| Balkrishna Industries | Consumer Discretionary | 3.1 |
| Skipper | Industrials | 3.1 |
| Multi Commodity Exchange | Financials - Diversified Financials | 3.1 |
| Ramkrishna Forgings | Materials | 3.0 |
| Welspun India | Consumer Discretionary | 2.9 |
| Aarti Industries | Materials | 2.7 |
| Aegis Logistics | Energy | 2.6 |
| CCL Products | Consumer Staples | 2.6 |
Portfolio analysis by market capitalisation size as at 31 December 2020
| Market capitalisation size | No. of Companies | % of Portfolio |
|---|---|---|
| Small Cap (M/Cap < US$1bn) | 13 | 30.5 |
| Mid Cap (US$1bn < M/Cap < US$7bn) | 16 | 51.6 |
| Large Cap (M/Cap > US$7bn) | 4 | 15.9 |
| Total Equity Investment | 33 | 98.0 |
| Net Cash | 2.0 | |
| Total Portfolio | 33 | 100.0 |