HDFC Balanced Advantage Fund - Growth - NAV, Mutual Fund Performance & Portfolio

HDFC Balanced Advantage Fund - Growth

Hybrid Balanced Advantage Very High Risk Fund Managers: Gopal Agrawal, Srinivasan Ramamurthy, Arun Agarwal, Nandita Menezes

📓 Notes

-4.43%

1Y Return

-0.80% 1D

Overview Returns Historical Holdings Peer Comparison Fund Managers AMC FAQ

Latest NAV

₹504.23

Fund Size

₹102,534 Cr

Turnover Ratio

11.25

Lock-in Period

Nil

Inception Date

11 Sep 2000

Return Since Inception

16.19%

Fund Type

Open ended scheme

Min. Lumpsum / SIP

₹100 / ₹100

To provide long term capital appreciation / income from a dynamic mix of equity and debt investments.

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NAV Performance

Historical Net Asset Value

-4.43% 1Y Return

≤ 1 year — Absolute; > 1 year — CAGR

Return Calculator

Estimation based on past performance

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Returns and Rankings

Benchmark: NIFTY 50 Hybrid Composite Debt 50:50 Index

Balanced Advantage	1M	3M	6M	9M	1Y	2Y	3Y	4Y	5Y	10Y	ALL
Fund returns	-2.21%	-3.99%	-2.89%	-4.61%	-4.43%	-0.51%	9.37%	12.83%	11.84%	12.84%	16.19%
Category returns	-2.49%	-3.14%	-1.26%	-2.03%	-2.18%	0.76%	7.95%	8.97%	7.52%	9.13%	N/A
Absolute returns	-2.21%	-3.99%	-2.89%	-4.61%	-4.43%	-1.02%	30.86%	62.14%	75%	234.68%	4942.27%
Rank within category	12/21	19/21	17/21	19/20	18/20	16/20	5/18	1/17	1/14	1/7	N/A

≤ 1 year — Absolute; > 1 year — CAGR

Historical Data

Benchmark: NIFTY 50 Hybrid Composite Debt 50:50 Index

Balanced Advantage	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Yearly returns	6.59%	35.42%	-0.78%	6.89%	7.57%	26.36%	18.78%	31.3%	16.71%	7.24%	-5.74%
Q1 returns	-4.91%	13.49%	-6.09%	6.59%	-25.49%	8.72%	4.14%	-0.68%	5.64%	-1.7%	-9.61%
Q2 returns	9.29%	4.53%	0.25%	2.94%	13.4%	9.32%	-2.15%	8.85%	9.3%	6.96%	7.43%
Q3 returns	6.33%	2.06%	2.21%	-6.63%	2.25%	8.22%	8.63%	9.17%	4.32%	-1.69%	-2.71%
Q4 returns	-3.54%	11.84%	3.11%	4.34%	24.51%	-1.76%	7.29%	11.25%	-3.1%	3.75%	-0.22%

Expense Ratio, Exit Load & Tax

Expense Ratio: 1.31% (Inclusive of GST)

Exit Load

Nil upto 15% of Units, For excess Units 1% on or before 1Y and Nil after 1Y

Advanced Ratios

Alpha	0.253917
Beta	0.7138
Sharpe Ratio	0.110046
Sortino Ratio	0.213206

Risk Metrics

R-Squared	0.8484
Tracking Error	1.4889
Downside Risk	13.582
Std. Deviation (Annualised)	9.6431

Peer Comparison

Balanced Advantage	1M	3M	6M	9M	1Y	3Y	5Y	10Y	ALL	Fund Size (Cr)	Exp. Ratio	Sharpe	Risk
Aditya Birla Sun Life Balanced Advantage Fund - Growth	-1.94%	-1.79%	0.87%	1.42%	2.08%	9.97%	8.17%	9.4%	9.49%	9,836.35	1.95	0.15	Very High
Baroda BNP Paribas Balanced Advantage Fund - Regular Plan - Growth	-3.21%	-3.85%	-0.7%	-0.62%	-0.38%	9.78%	8.22%	N/A	12.1%	5,162.17	2.05	0.11	Very High
ICICI Prudential Balanced Advantage Fund - Growth	-2.14%	-2.27%	-0.99%	-1.17%	-0.08%	9.63%	9.06%	10.11%	10.8%	71,913.50	1.57	0.14	High
Axis Balanced Advantage Fund - Regular Plan - Growth	-1.51%	-3.06%	-1.51%	-2.52%	-2.11%	9.52%	7.42%	N/A	8.32%	3,651.14	2.15	0.12	Very High
HDFC Balanced Advantage Fund - Growth Current	-2.21%	-3.99%	-2.89%	-4.61%	-4.43%	9.37%	11.84%	12.84%	16.19%	102,534.00	1.31	0.11	Very High
WhiteOak Capital Balanced Advantage Fund - Regular Plan - Growth	-2.15%	-2.25%	0.8%	-0.87%	-1.58%	9.32%	N/A	N/A	10.39%	2,256.34	2.25	0.12	High
Nippon India Balanced Advantage Fund - Growth	-2.5%	-3.34%	-1.06%	-0.98%	-1.76%	8.59%	7.46%	9.23%	14.02%	9,532.23	1.99	0.10	Very High
Mahindra Manulife Balanced Advantage Fund - Regular Plan - Growth	-2.94%	-3.14%	-0.01%	-1.56%	-1.51%	8.5%	N/A	N/A	7.87%	878.76	2.43	0.08	Very High
SBI Balanced Advantage Fund - Regular Plan - Growth	-1.88%	-3.87%	-2.91%	-3.54%	-1.71%	8.17%	8.35%	N/A	8.7%	40,544.60	1.67	0.09	Very High
Bandhan Balanced Advantage Fund - Regular Plan - Growth	-1.83%	-1.95%	0.76%	0.15%	0.63%	7.9%	6.09%	8.25%	7.83%	2,234.66	2.31	0.07	Very High

Holdings (327)

Instrument Type

Domestic Equities

73.42%

Government Securities

6.38%

Cash & Cash Equivalents and Net Assets

1.35%

REITs & InvITs

1.65%

Corporate Debt

16.35%

Certificate of Deposit

0.48%

PTC & Securitized Debt

0.36%

Sector

Banks

18.75%

Petroleum Products

5.17%

Telecom - Services

3.16%

Construction

3.67%

Others

24.92%

Power

2.96%

Consumable Fuels

1.77%

Retailing

2.77%

Pharmaceuticals & Biotechnology

5.61%

IT - Software

4.54%

Automobiles

3.54%

Transport Services

1.29%

Insurance

2.67%

Diversified FMCG

1.41%

Realty

1.67%

Gas

0.91%

Ferrous Metals

1.15%

Electrical Equipment

0.79%

Transport Infrastructure

1.01%

Finance

2.95%

Cement & Cement Products

0.92%

Industrial Manufacturing

1.79%

Aerospace & Defense

1.09%

Agricultural, Commercial & Construction Vehicles

0.74%

Commercial Services & Supplies

0.44%

Food Products

0.47%

Auto Components

1.09%

Oil

0.37%

Beverages

0.30%

Industrial Products

0.27%

Chemicals & Petrochemicals

0.22%

Capital Markets

0.52%

Consumer Durables

0.59%

Leisure Services

0.25%

Entertainment

0.06%

Financial Technology (Fintech)

0.04%

Personal Products

0.03%

Fertilizers & Agrochemicals

0.07%

Agricultural Food & Other Products

0.02%

Healthcare Services

0.01%

Paper, Forest & Jute Products

0.01%

Printing & Publication

0.00%

Name	Sector	Instrument	Assets %
ICICI Bank Ltd.	Banks	Domestic Equities	5.06%
HDFC Bank Ltd.	Banks	Domestic Equities	4.32%
Reliance Industries Ltd.	Petroleum Products	Domestic Equities	3.64%
State Bank Of India	Banks	Domestic Equities	3.28%
Bharti Airtel Ltd.	Telecom - Services	Domestic Equities	3.05%
Axis Bank Ltd.	Banks	Domestic Equities	2.65%
Larsen & Toubro Ltd.	Construction	Domestic Equities	2.52%
7.18% GOI MAT 140833		Government Securities	2.04%
NTPC Ltd.	Power	Domestic Equities	2.00%
Coal India Ltd.	Consumable Fuels	Domestic Equities	1.77%
Eternal Ltd.	Retailing	Domestic Equities	1.68%
Kotak Mahindra Bank Ltd.	Banks	Domestic Equities	1.58%
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals & Biotechnology	Domestic Equities	1.55%
Infosys Ltd.	IT - Software	Domestic Equities	1.45%
Maruti Suzuki India Ltd.	Automobiles	Domestic Equities	1.42%
HCL Technologies Ltd.	IT - Software	Domestic Equities	1.21%
Net Current Assets		Cash & Cash Equivalents and Net Assets	1.18%
Interglobe Aviation Ltd.	Transport Services	Domestic Equities	1.18%
Life Insurance Corporation of India	Insurance	Domestic Equities	1.17%
Lupin Ltd.	Pharmaceuticals & Biotechnology	Domestic Equities	1.13%
ITC Ltd.	Diversified FMCG	Domestic Equities	1.10%
Tata Consultancy Services Ltd.	IT - Software	Domestic Equities	1.08%
SBI Life Insurance Company Ltd.	Insurance	Domestic Equities	0.88%
Embassy Office Parks REIT	Realty	REITs & InvITs	0.83%
Mahindra & Mahindra Ltd.	Automobiles	Domestic Equities	0.82%
GAIL (India) Ltd.	Gas	Domestic Equities	0.82%
Divi's Laboratories Ltd.	Pharmaceuticals & Biotechnology	Domestic Equities	0.81%
Hyundai Motor India Ltd.	Automobiles	Domestic Equities	0.79%
7.34% GOI MAT 220464		Government Securities	0.74%
Tata Steel Ltd.	Ferrous Metals	Domestic Equities	0.68%
Bank Of Baroda	Banks	Domestic Equities	0.67%
Apar Industries Ltd.	Electrical Equipment	Domestic Equities	0.64%
7.57% LIC Housing Finance Ltd.^		Corporate Debt	0.63%
Bharat Petroleum Corporation Ltd.	Petroleum Products	Domestic Equities	0.61%
Hindustan Petroleum Corporation Ltd.	Petroleum Products	Domestic Equities	0.60%
JSW Infrastructure Ltd.	Transport Infrastructure	Domestic Equities	0.59%
Power Finance Corporation Ltd.	Finance	Domestic Equities	0.59%
7.33% State Bank of India (Tier 2 - Basel III)^		Corporate Debt	0.58%
IndusInd Bank Ltd.	Banks	Domestic Equities	0.57%
Ultratech Cement Ltd.	Cement & Cement Products	Domestic Equities	0.56%
6.9% GOI MAT 150465		Government Securities	0.55%
Brookfield India Real Estate Trust REIT	Realty	REITs & InvITs	0.51%
7.96% Pipeline Infrastructure Pvt. Ltd.^		Corporate Debt	0.50%
REC Ltd.	Finance	Domestic Equities	0.50%
7.42% State Bank of India (Tier 2 - Basel III)^		Corporate Debt	0.49%
AU Small Finance Bank Ltd.	Banks	Domestic Equities	0.48%
7.1% GOI MAT 080434		Government Securities	0.48%
Ipca Laboratories Ltd.	Pharmaceuticals & Biotechnology	Domestic Equities	0.47%
Jindal Steel Ltd.	Ferrous Metals	Domestic Equities	0.47%
Dynamatic Technologies Ltd.	Industrial Manufacturing	Domestic Equities	0.46%
Hindustan Aeronautics Ltd.	Aerospace & Defense	Domestic Equities	0.45%
Aurobindo Pharma Ltd.	Pharmaceuticals & Biotechnology	Domestic Equities	0.44%
Canara HSBC Life Insurance Company Ltd.	Insurance	Domestic Equities	0.43%
Cholamandalam Investment and Finance Company Ltd.	Finance	Domestic Equities	0.43%
8.2% Torrent Power Ltd.^		Corporate Debt	0.42%
Techno Electric & Engineering Company Ltd.	Construction	Domestic Equities	0.42%
7.18% GOI MAT 240737		Government Securities	0.42%
BEML Ltd.	Agricultural, Commercial & Construction Vehicles	Domestic Equities	0.42%
Bajaj Auto Ltd.	Automobiles	Domestic Equities	0.40%
Kaynes Technology India Ltd.	Industrial Manufacturing	Domestic Equities	0.39%
Wework India Management Ltd.	Commercial Services & Supplies	Domestic Equities	0.39%
7.42% Small Industries Development Bank^		Corporate Debt	0.39%
Britannia Industries Ltd.	Food Products	Domestic Equities	0.38%
6.9% REC Limited.^		Corporate Debt	0.38%
Gujarat Pipavav Port Ltd.	Transport Infrastructure	Domestic Equities	0.37%
Vishal Mega Mart Ltd.	Retailing	Domestic Equities	0.37%
7.83% Small Industries Development Bank^		Corporate Debt	0.37%
Apollo Tyres Ltd.	Auto Components	Domestic Equities	0.36%
Bharat Forge Ltd.	Auto Components	Domestic Equities	0.35%
7.8% HDFC Bank Ltd.£^		Corporate Debt	0.34%
Bajaj Finserv Ltd.	Finance	Domestic Equities	0.34%
Five-Star Business Finance Ltd.	Finance	Domestic Equities	0.34%
Titagarh Rail Systems Ltd.	Industrial Manufacturing	Domestic Equities	0.34%
7.44% Indian Railways Finance Corp. Ltd.^		Corporate Debt	0.33%
7.27% Gujarat SDL ISD 171225 MAT 171234^		Government Securities	0.33%
7.29% Housing and Urban Development Corporation Ltd.^		Corporate Debt	0.33%
7.55% Bajaj Finance Ltd.^		Corporate Debt	0.32%
Hindustan Unilever Ltd.	Diversified FMCG	Domestic Equities	0.31%
Savita Oil Technologies Ltd.	Petroleum Products	Domestic Equities	0.31%
POWERGRID Infrastructure Investment Trust.	Power	REITs & InvITs	0.31%
Bosch Ltd.	Auto Components	Domestic Equities	0.30%
Ambuja Cements Ltd.	Cement & Cement Products	Domestic Equities	0.30%
8.45% Muthoot Finance Ltd.^		Corporate Debt	0.29%
7.82% Bajaj Finance Ltd.^		Corporate Debt	0.29%
7.22% UltraTech Cement Limited^		Corporate Debt	0.29%
Oil & Natural Gas Corporation Ltd.	Oil	Domestic Equities	0.29%
7.75% HDFC Bank Ltd.£^		Corporate Debt	0.28%
Alkem Laboratories Ltd.	Pharmaceuticals & Biotechnology	Domestic Equities	0.28%
Rubicon Research Ltd.	Pharmaceuticals & Biotechnology	Domestic Equities	0.28%
United Spirits Ltd.	Beverages	Domestic Equities	0.28%
7.9% Jamnagar Utilities & Power Pvt. Limited^		Corporate Debt	0.28%
Mishra Dhatu Nigam Ltd.	Aerospace & Defense	Domestic Equities	0.28%
Mphasis Ltd.	IT - Software	Domestic Equities	0.27%
Kalpataru Projects International Ltd.	Construction	Domestic Equities	0.26%
Hexaware Technologies Ltd.	IT - Software	Domestic Equities	0.26%
Tega Industries Ltd.	Industrial Manufacturing	Domestic Equities	0.25%
7.988% HDB Financial Services Ltd.^		Corporate Debt	0.24%
7.73% LIC Housing Finance Ltd.		Corporate Debt	0.24%
7.53% National Bank for Agri & Rural Dev.		Corporate Debt	0.24%
7.66% Bajaj Housing Finance Ltd.^		Corporate Debt	0.24%
Bank of Baroda^		Certificate of Deposit	0.24%
7.75% Bank of Baroda (Tier 2 - Basel III)^		Corporate Debt	0.24%
7.57% Bajaj Finance Ltd.^		Corporate Debt	0.24%
Aavas Financiers Ltd.	Finance	Domestic Equities	0.24%
7.89% Bajaj Housing Finance Ltd.^		Corporate Debt	0.24%
7.34% Punjab National Bank^		Corporate Debt	0.24%
Bharat Dynamics Ltd.	Aerospace & Defense	Domestic Equities	0.23%
LMW Ltd.	Industrial Manufacturing	Domestic Equities	0.23%
J Kumar Infraprojects Ltd.	Construction	Domestic Equities	0.22%
India Universal Trust AL2 (Originator - HDFC Bank Limited)£^		PTC & Securitized Debt	0.22%
7.35% National Housing Bank^		Corporate Debt	0.21%
Time Technoplast Ltd.	Industrial Products	Domestic Equities	0.21%
NHPC Ltd.	Power	Domestic Equities	0.21%
PCBL Chemical Ltd.	Chemicals & Petrochemicals	Domestic Equities	0.20%
Trent Ltd.	Retailing	Domestic Equities	0.20%
Glenmark Pharmaceuticals Ltd.	Pharmaceuticals & Biotechnology	Domestic Equities	0.20%
Godrej Properties Ltd.	Realty	Domestic Equities	0.20%
Billionbrains Garage Ventures Ltd.	Capital Markets	Domestic Equities	0.20%
Entero Healthcare Solutions Ltd.	Retailing	Domestic Equities	0.20%
9.1% Cholamandalam Investment & Finance Co. Ltd.^		Corporate Debt	0.20%
7.59% National Housing Bank^		Corporate Debt	0.20%
7.57% Indian Railways Finance Corp. Ltd.^		Corporate Debt	0.19%
7.24% Sundaram Finance Ltd.^		Corporate Debt	0.19%
7.81% State Bank of India (Tier 2 - Basel III)^		Corporate Debt	0.19%
7.8% Mahanagar Telephone Nigam Ltd.^		Corporate Debt	0.19%
7.4% National Bank for Agri & Rural Dev.^		Corporate Debt	0.19%
7.65% LIC Housing Finance Ltd.^		Corporate Debt	0.19%
Tech Mahindra Ltd.	IT - Software	Domestic Equities	0.18%
7.22% Madhya Pradesh SDL ISD 060825 Mat 060843^		Government Securities	0.18%
Cohance Lifesciences Ltd.	Pharmaceuticals & Biotechnology	Domestic Equities	0.18%
TREPS - Tri-party Repo		Cash & Cash Equivalents and Net Assets	0.17%
8.88% Cholamandalam Investment & Finance Co. Ltd.^		Corporate Debt	0.17%
CESC Ltd.	Power	Domestic Equities	0.17%
7.39% Indian Railways Finance Corp. Ltd.^		Corporate Debt	0.17%
Ashoka Buildcon Ltd.	Construction	Domestic Equities	0.17%
Tata Motors Ltd.	Agricultural, Commercial & Construction Vehicles	Domestic Equities	0.16%
Ashok Leyland Ltd.	Agricultural, Commercial & Construction Vehicles	Domestic Equities	0.16%
7.8% National Bank for Agri & Rural Dev.		Corporate Debt	0.16%
7.35% REC Limited.^		Corporate Debt	0.16%
7.22% Madhya Pradesh ISD 060825 MAT 060848^		Government Securities	0.15%
7.835% LIC Housing Finance Ltd.^		Corporate Debt	0.15%
Asian Paints Ltd.	Consumer Durables	Domestic Equities	0.15%
Crompton Greaves Consumer Electricals Ltd.	Consumer Durables	Domestic Equities	0.15%
7.79% Small Industries Development Bank		Corporate Debt	0.15%
8.42% Muthoot Finance Ltd.^		Corporate Debt	0.15%
7.62% National Bank for Agri & Rural Dev.^		Corporate Debt	0.15%
7.66% LIC Housing Finance Ltd.^		Corporate Debt	0.15%
Indian Railways Finance Corp. Ltd.^		Corporate Debt	0.14%
HDFC Life Insurance Company Ltd.	Insurance	Domestic Equities	0.14%
Yes Bank Ltd.^		Certificate of Deposit	0.14%
CG Power and Industrial Solutions Ltd.	Electrical Equipment	Domestic Equities	0.14%
7.12% Power Grid Corporation of India Ltd.^		Corporate Debt	0.14%
Cipla Ltd.	Pharmaceuticals & Biotechnology	Domestic Equities	0.14%
Garden Reach Shipbuilders & Engineers Ltd.	Aerospace & Defense	Domestic Equities	0.14%
7.28% Indian Railways Finance Corp. Ltd.^		Corporate Debt	0.13%
Shriram Finance Ltd.	Finance	Domestic Equities	0.13%
DLF Ltd.	Realty	Domestic Equities	0.13%
7.45% Sundaram Finance Ltd.^		Corporate Debt	0.13%
Bandhan Bank Ltd.	Banks	Domestic Equities	0.13%
7.8% TATA Capital Housing Finance Ltd.^		Corporate Debt	0.13%
Whirlpool Of India Ltd.	Consumer Durables	Domestic Equities	0.12%
India Universal Trust AL2 (Originator - HDFC Bank Limited)£^		PTC & Securitized Debt	0.12%
Dr. Reddy's Laboratories Ltd.	Pharmaceuticals & Biotechnology	Domestic Equities	0.12%
7.09% GOI MAT 050854		Government Securities	0.12%
7.37% Housing and Urban Development Corporation Ltd.^		Corporate Debt	0.12%
Aditya Birla Sun Life AMC Ltd.	Capital Markets	Domestic Equities	0.12%
7.5% Bajaj Housing Finance Ltd.^		Corporate Debt	0.12%
7.43% Jamnagar Utilities & Power Pvt. Limited		Corporate Debt	0.11%
7.96% Pipeline Infrastructure Pvt. Ltd.^		Corporate Debt	0.11%
LG Electronics India Ltd.	Consumer Durables	Domestic Equities	0.11%
Info Edge (India) Ltd.	Retailing	Domestic Equities	0.11%
Gujarat Industries Power Company Ltd.	Power	Domestic Equities	0.11%
Tata Motors Passenger Vehicles Ltd.	Automobiles	Domestic Equities	0.11%
7.96% REC Limited.^		Corporate Debt	0.11%
Avenue Supermarts Ltd.	Retailing	Domestic Equities	0.11%
SBI Cards And Payment Services Ltd.	Finance	Domestic Equities	0.11%
JIO Financial Services Ltd.	Finance	Domestic Equities	0.11%
7.38% Power Finance Corporation Ltd.^		Corporate Debt	0.10%
Blue Dart Express Ltd.	Transport Services	Domestic Equities	0.10%
8.75% LIC Housing Finance Ltd.^		Corporate Debt	0.10%
8.1929% Kotak Mahindra Investments Ltd.^		Corporate Debt	0.10%
7.79% Small Industries Development Bank		Corporate Debt	0.10%
7.59% National Housing Bank^		Corporate Debt	0.10%
Swiggy Ltd.	Retailing	Domestic Equities	0.10%
8.02% Cholamandalam Investment & Finance Co. Ltd.^		Corporate Debt	0.10%
6.4% LIC Housing Finance Ltd.^		Corporate Debt	0.10%
7.75% LIC Housing Finance Ltd.^		Corporate Debt	0.10%
7.87% LIC Housing Finance Ltd.^		Corporate Debt	0.10%
7.34% Tata Capital Ltd.^		Corporate Debt	0.10%
7.7% LIC Housing Finance Ltd.^		Corporate Debt	0.10%
7.61% Small Industries Development Bank^		Corporate Debt	0.10%
8.08% Bajaj Finance Ltd.^		Corporate Debt	0.10%
7.37% Indian Railways Finance Corp. Ltd.^		Corporate Debt	0.10%
6.92% Power Finance Corporation Ltd.^		Corporate Debt	0.10%
7.44% National Bank for Agri & Rural Dev.		Corporate Debt	0.10%
7.51% National Housing Bank^		Corporate Debt	0.10%
7.44% Power Finance Corporation Ltd.^		Corporate Debt	0.10%
6.94% GOI MAT 110536		Government Securities	0.10%
6.64% Housing and Urban Development Corporation Ltd.^		Corporate Debt	0.10%
Union Bank of India		Certificate of Deposit	0.10%
7.63% Andhra Pradesh SDL ISD 030925 MAT 030937^		Government Securities	0.10%
JSW Energy Ltd.	Power	Domestic Equities	0.10%
7.37% National Bank for Agri & Rural Dev.^		Corporate Debt	0.09%
Texmaco Rail & Engineering Ltd.	Industrial Manufacturing	Domestic Equities	0.09%
7.7% Bajaj Finance Ltd.^		Corporate Debt	0.09%
Milky Mist Dairy Food Ltd.	Food Products	Domestic Equities	0.09%
7.48% Madhya Pradesh MAT 011045^		Government Securities	0.09%
Indraprastha Gas Ltd.	Gas	Domestic Equities	0.09%
Jubilant FoodWorks Ltd.	Leisure Services	Domestic Equities	0.09%
6.99% Madhya Pradesh SDL Mat 171141^		Government Securities	0.09%
UTI Asset Management Company Ltd.	Capital Markets	Domestic Equities	0.09%
7.07% Gujarat SDL ISD 240925 MAT 261133^		Government Securities	0.09%
Aegis Vopak Terminals Ltd.	Oil	Domestic Equities	0.08%
Tenneco Clean Air India Ltd.	Auto Components	Domestic Equities	0.08%
7.53% REC Limited.^		Corporate Debt	0.08%
7.48% Andhra Pradesh SDL ISD 030925 MAT 030933^		Government Securities	0.08%
7.26% GOI MAT 220832		Government Securities	0.07%
7.49% Indian Railways Finance Corp. Ltd.^		Corporate Debt	0.07%
7.46% Indian Railways Finance Corp. Ltd.^		Corporate Debt	0.07%
7.22% Small Industries Development Bank		Corporate Debt	0.07%
7.4% Power Finance Corporation Ltd.^		Corporate Debt	0.07%
7.55% L&T Metro Rail (Hyderabad) Ltd		Corporate Debt	0.07%
Nuvoco Vistas Corporation Ltd.	Cement & Cement Products	Domestic Equities	0.07%
Home First Finance Company India Ltd.	Finance	Domestic Equities	0.07%
ITC Hotels Ltd.	Leisure Services	Domestic Equities	0.07%
7.29% Rajasthan SDL ISD 191125 Mat 191137^		Government Securities	0.07%
7.62% Andhra Pradesh SDL ISD 030925 MAT 030936^		Government Securities	0.06%
Ceigall India Ltd.	Construction	Domestic Equities	0.06%
Zee Entertainment Enterprises Ltd.	Entertainment	Domestic Equities	0.06%
Torrent Power Ltd.	Power	Domestic Equities	0.06%
7.48% Andhra Pradesh SDL ISD 030925 MAT 030934^		Government Securities	0.06%
Vodafone Idea Ltd.	Telecom - Services	Domestic Equities	0.06%
6.83% HDFC Bank Ltd.£^		Corporate Debt	0.06%
7.75% Bharti Telecom Limited^		Corporate Debt	0.06%
Westlife Foodworld Ltd	Leisure Services	Domestic Equities	0.05%
Housing & Urban Development Corporation Ltd.	Finance	Domestic Equities	0.05%
Elevate Campuses Ltd.	Commercial Services & Supplies	Domestic Equities	0.05%
7.3% GOI MAT 190653		Government Securities	0.05%
Persistent Systems Ltd.	IT - Software	Domestic Equities	0.05%
360 One Wam Ltd.	Capital Markets	Domestic Equities	0.05%
7.39% TAMIL NADU SDL - Mat 150734^		Government Securities	0.05%
7.83% National Bank for Agri & Rural Dev.^		Corporate Debt	0.05%
7.63% Grasim Industries Ltd.^		Corporate Debt	0.05%
7.9% LIC Housing Finance Ltd.^		Corporate Debt	0.05%
7.5% Grasim Industries Ltd.^		Corporate Debt	0.05%
7.3% Power Grid Corporation of India Ltd.^		Corporate Debt	0.05%
7.64% Gujarat SDL ISD 170124 MAT 170133^		Government Securities	0.05%
7.7% HDFC Bank Ltd.£^		Corporate Debt	0.05%
7.45% Indian Railways Finance Corp. Ltd.^		Corporate Debt	0.05%
7.25% Indian Oil Corporation Ltd.^		Corporate Debt	0.05%
7.48% Small Industries Development Bank^		Corporate Debt	0.05%
7.34% Small Industries Development Bank^		Corporate Debt	0.05%
7.8% HDFC Bank Ltd.£^		Corporate Debt	0.05%
7.85% Bharti Telecom Limited		Corporate Debt	0.05%
Bharti Hexacom Ltd.	Telecom - Services	Domestic Equities	0.05%
7.72% Bihar SDL - MAT 250241^		Government Securities	0.05%
6.9% Housing and Urban Development Corporation Ltd.^		Corporate Debt	0.05%
7.20% Maharashtra SDL MAT 231036^		Government Securities	0.05%
6.8% National Housing Bank^		Corporate Debt	0.05%
7.63% Gujarat SDL ISD 240124 Mat 240133^		Government Securities	0.04%
ICICI Prudential Asset Management Company Ltd.	Capital Markets	Domestic Equities	0.04%
Voltas Ltd.	Consumer Durables	Domestic Equities	0.04%
7.67% Haryana SDL MAT 250241^		Government Securities	0.04%
Adani Ports and Special Economic Zone Ltd.	Transport Infrastructure	Domestic Equities	0.04%
Devyani International Ltd.	Leisure Services	Domestic Equities	0.04%
PB Fintech Ltd.	Financial Technology (Fintech)	Domestic Equities	0.04%
7.64% % Gujarat SDL ISD 170124 Mat 170134^		Government Securities	0.04%
7.7% National Bank for Agri & Rural Dev.		Corporate Debt	0.04%
7.58% LIC Housing Finance Ltd.^		Corporate Debt	0.04%
RHI Magnesita India Ltd.	Industrial Products	Domestic Equities	0.04%
8.7% REC Limited.^		Corporate Debt	0.03%
7.63% Gujarat SDL - MAT 100637^		Government Securities	0.03%
Colgate-Palmolive (India) Ltd.	Personal Products	Domestic Equities	0.03%
7.4% HDFC Bank Ltd.£^		Corporate Debt	0.03%
6.79% GOI MAT 071034		Government Securities	0.03%
7.48% Uttar Pradesh SDL ISD 200324 Mat 200336^		Government Securities	0.03%
Ramco Systems Ltd.	IT - Software	Domestic Equities	0.03%
SBI Funds Management Ltd.	Capital Markets	Domestic Equities	0.03%
7.63% Gujarat SDL ISD 240124 Mat 240134^		Government Securities	0.03%
7.1% HDFC Bank Ltd.£^		Corporate Debt	0.03%
Medi Assist Healthcare Services Ltd.	Insurance	Domestic Equities	0.03%
Chambal Fertilisers and Chemicals Ltd.	Fertilizers & Agrochemicals	Domestic Equities	0.02%
9.02% Muthoot Finance Ltd.		Corporate Debt	0.02%
7.75% Indian Railways Finance Corp. Ltd.^		Corporate Debt	0.02%
7.64% National Bank for Agri & Rural Dev.^		Corporate Debt	0.02%
7.32% Axis Finance Ltd.^		Corporate Debt	0.02%
HEG Advanced Materials Ltd.	Industrial Products	Domestic Equities	0.02%
TruAlt Bioenergy Ltd.	Agricultural Food & Other Products	Domestic Equities	0.02%
Coromandel International Ltd.	Fertilizers & Agrochemicals	Domestic Equities	0.02%
Aditya Infotech Ltd.	Industrial Manufacturing	Domestic Equities	0.02%
7.23% GOI MAT 150439		Government Securities	0.02%
7.45% Maharashtra ISD 220324 Mat 220339^		Government Securities	0.02%
BEML Land Assets Ltd.	Finance	Domestic Equities	0.02%
Sansar Trust July 2023 II (Originator - Shriram Finance Limited)^		PTC & Securitized Debt	0.02%
GOI STRIPS - Mat 170628^		Government Securities	0.02%
Varun Beverages Ltd.	Beverages	Domestic Equities	0.02%
L&T Finance Ltd.	Finance	Domestic Equities	0.02%
Bajaj Housing Finance Ltd.	Finance	Domestic Equities	0.02%
Fusion Finance Ltd.	Finance	Domestic Equities	0.02%
Emcure Pharmaceuticals Ltd.	Pharmaceuticals & Biotechnology	Domestic Equities	0.02%
Paradeep Phosphates Ltd.	Fertilizers & Agrochemicals	Domestic Equities	0.01%
Tata Chemicals Ltd.	Chemicals & Petrochemicals	Domestic Equities	0.01%
Rites Ltd.	Construction	Domestic Equities	0.01%
Shiprocket Ltd.	Transport Services	Domestic Equities	0.01%
Star Health and Allied Insurance Company Ltd.	Insurance	Domestic Equities	0.01%
Union Bank Of India	Banks	Domestic Equities	0.01%
JNK India Ltd.	Industrial Manufacturing	Domestic Equities	0.01%
Campus Activewear Ltd.	Consumer Durables	Domestic Equities	0.01%
7.63% Maharashtra SDL Mat 310135^		Government Securities	0.01%
UPL Ltd.	Fertilizers & Agrochemicals	Domestic Equities	0.01%
Aster DM Quality Care Ltd.	Healthcare Services	Domestic Equities	0.01%
Raajmarg Infra Investment Trust	Transport Infrastructure	REITs & InvITs	0.01%
Tamil Nadu Newsprint & Papers Ltd.	Paper, Forest & Jute Products	Domestic Equities	0.01%
6.99% GOI MAT 151251^		Government Securities	0.00%
7.17% GOI MAT 170430		Government Securities	0.00%
6.67% GOI MAT 171250		Government Securities	0.00%
Kwality Wall's (India) Ltd.	Food Products	Domestic Equities	0.00%
Blue Star Ltd.	Consumer Durables	Domestic Equities	0.00%
7.25% GOI MAT 120663		Government Securities	0.00%
7.47% Chhattisgarh SDL ISD 200324 MAT 200334^		Government Securities	0.00%
S Chand And Company Ltd.	Printing & Publication	Domestic Equities	0.00%
CMR Green Technologies Ltd.	Industrial Products	Domestic Equities	0.00%
7.26% GOI MAT 060233		Government Securities	0.00%
Tata Consumer Products Ltd.	Agricultural Food & Other Products	Domestic Equities	0.00%
Indus Towers Ltd.	Telecom - Services	Domestic Equities	0.00%
MEP Infrastructure Developers Ltd.	Transport Infrastructure	Domestic Equities	0.00%
AGS Transact Technologies Ltd.	Financial Technology (Fintech)	Domestic Equities	0.00%
Total			100.00%