Portfolio Holdings

Top 20 holdings as at 31 May 2024

Holding	Sector	% of Portfolio
Dixon Technologies	Consumer Discretionary	6.1
Federal Bank	Financials - Banks	5.6
Emami	Consumer Staples	5.0
Skipper	Industrials	3.9
IDFC Bank	Financials	3.9
Sona BLW Precision Forgings	Consumer Discretionary	3.7
RBL Bank	Financials - Banks	3.5
IndusInd Bank	Financials - Banks	3.5
Neuland Laboratories	Health Care	3.5
Ramkrishna Forgings	Materials	3.5
PI Industries	Materials	3.4
Affle India	Communication Services	2.8
JK Lakshmi Cement	Materials	2.8
VIP Industries	Consumer Discretionary	2.8
Persistent Systems	IT	2.8
Multi Commodity Exchange	Financials	2.7
Welspun India	Consumer Discretionary	2.7
Balkrishna Industries	Consumer Discretionary	2.6
Kajaria Ceramics	Industrials	2.4
CCL Products India	Consumer Staples	2.4

Portfolio analysis by sector as at 31 May 2024

Sector	No. of Companies	% of Portfolio
Financials	7	22.7
Consumer Discretionary	8	23.1
Industrials	6	12.9
Materials	5	13.9
Consumer Staples	3	9.3
Health Care	3	7.2
IT	1	2.8
Communication Services	1	2.8
Total Equity Investment	34	94.4
Net Cash		5.6
Total Portfolio	34	100.0

Portfolio analysis by market capitalisation size as at 31 May 2024

Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$2bn)	20	48.1
Mid Cap (US$2bn < M/Cap < US$8bn)	12	41.6
Large Cap (M/Cap > US$8bn)	4	4.8
Total Equity Investment	34	94.4
Net Cash		5.6
Total Portfolio	34	100.0

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