Arudha Equity Long-Short

• 2026-10 Direct Growth return -0.19%, observed from 2026-09-30 to 2026-10-19 (month to date). [nav]
• Since first published NAV: +3.31% at 2026-10-19. [nav]
• No monthly portfolio captured for 2026-10. Last stored monthly disclosure is 2026-09-30; it is not this month's portfolio.

Interpretation limits

• Holdings provide positioning evidence, not a measured return contribution. Trading, derivatives, flows, fees and valuation changes can also affect NAV.
• A missing stored capture does not establish that the AMC failed to disclose it.

* Since first published NAV. NAV returns are absolute, not annualised. Monthly returns use actual observed boundaries; cumulative returns use the stated baseline and are not a sum of rounded monthly returns.

• 2026-09 Direct Growth return -3.88%, observed from 2026-08-31 to 2026-09-30. [nav]
• Since first published NAV: +3.50% at 2026-09-30. [nav]
• Portfolio captured as of 2026-09-30; 71 position lines; capture partial. Original AMC publication date is not provided by this history source. [portfolio]
• Disclosed long cash equity: +75.93% of assets at 2026-09-30; not net market exposure. [portfolio]
• ICICI Bank Ltd: reported closing weight +4.42% at 2026-09-30. [portfolio]
• HDFC Bank Ltd.: reported closing weight +4.00% at 2026-09-30. [portfolio]
• Bharti Airtel Ltd.: reported closing weight +3.46% at 2026-09-30. [portfolio]
• Mahindra and Mahindra Ltd: reported closing weight +3.06% at 2026-09-30. [portfolio]
• Cipla Ltd.: reported closing weight +2.41% at 2026-09-30. [portfolio]
• Disclosed hedging (reported): The AMC labels these positions as hedging. The disclosure does not measure how much downside they protected. [portfolio]
• Potential covered calls (possible): A sold call appears alongside shares in the same company. Coverage and the capped upside need contract-size and quantity verification. [portfolio]
• Potential protective puts (possible): A purchased put appears alongside shares in the same company. Strike, expiry and sizing determine the protection. [portfolio]
• Portfolio comparison interval: 2026-08-31 to 2026-09-30. This is not necessarily one month. Weight changes do not prove trades. [portfolio] [previous]
• Bajaj Holdings & Investment Ltd: Weight changed; +1.00% to +2.01% across that disclosure interval. [portfolio] [previous]
• TVS Holdings Ltd: Weight changed; +2.93% to +2.09% across that disclosure interval. [portfolio] [previous]
• ICICI Bank Ltd: Weight changed; +5.07% to +4.42% across that disclosure interval. [portfolio] [previous]
• Larsen and Toubro Ltd: Weight changed; +1.54% to +0.91% across that disclosure interval. [portfolio] [previous]
• Great Eastern Shipping Co. Ltd.: Weight changed; +0.95% to +1.54% across that disclosure interval. [portfolio] [previous]

All captured positions · 2026-09-30

Reported weights retain their source basis. Do not add derivative valuations to equity exposure.

Changes between 2026-08-31 and 2026-09-30

Interpretation limits

• Holdings provide positioning evidence, not a measured return contribution. Trading, derivatives, flows, fees and valuation changes can also affect NAV.
• At least one compared capture is partial. Missing rows cannot establish purchases or exits.
• Linked research was published after this month. It is retrospective evidence, not information known during the month.

* Since first published NAV. NAV returns are absolute, not annualised. Monthly returns use actual observed boundaries; cumulative returns use the stated baseline and are not a sum of rounded monthly returns.

• 2026-08 Direct Growth return +0.36%, observed from 2026-07-31 to 2026-08-31. [nav]
• Since first published NAV: +7.67% at 2026-08-31. [nav]
• Portfolio captured as of 2026-08-31; 72 position lines; capture parsed. Original AMC publication date is not provided by this history source. [portfolio]
• Disclosed long cash equity: +80.26% of assets at 2026-08-31; not net market exposure. [portfolio]
• ICICI Bank Ltd: reported closing weight +5.07% at 2026-08-31. [portfolio]
• HDFC Bank Ltd.: reported closing weight +4.17% at 2026-08-31. [portfolio]
• Mahindra and Mahindra Ltd: reported closing weight +3.55% at 2026-08-31. [portfolio]
• Bharti Airtel Ltd.: reported closing weight +3.02% at 2026-08-31. [portfolio]
• TVS Holdings Ltd.: reported closing weight +2.93% at 2026-08-31. [portfolio]
• Disclosed hedging (reported): The AMC labels these positions as hedging. The disclosure does not measure how much downside they protected. [portfolio]
• Potential covered calls (possible): A sold call appears alongside shares in the same company. Coverage and the capped upside need contract-size and quantity verification. [portfolio]
• Portfolio comparison interval: 2026-07-31 to 2026-08-31. This is not necessarily one month. Weight changes do not prove trades. [portfolio] [previous]
• Torrent Pharmaceuticals Ltd.: No longer disclosed; +5.78% to not captured across that disclosure interval. [portfolio] [previous]
• EMBASSY OFFICE PARKS REIT: Newly disclosed; not captured to +1.87% across that disclosure interval. [portfolio] [previous]
• CIE Automotive India Ltd.: No longer disclosed; +1.60% to not captured across that disclosure interval. [portfolio] [previous]
• Larsen and Toubro Ltd: Newly disclosed; not captured to +1.54% across that disclosure interval. [portfolio] [previous]
• Coal India Ltd.: Newly disclosed; not captured to +1.45% across that disclosure interval. [portfolio] [previous]

All captured positions · 2026-08-31

Reported weights retain their source basis. Do not add derivative valuations to equity exposure.

Changes between 2026-07-31 and 2026-08-31

Interpretation limits

• Holdings provide positioning evidence, not a measured return contribution. Trading, derivatives, flows, fees and valuation changes can also affect NAV.
• Linked research was published after this month. It is retrospective evidence, not information known during the month.

* Since first published NAV. NAV returns are absolute, not annualised. Monthly returns use actual observed boundaries; cumulative returns use the stated baseline and are not a sum of rounded monthly returns.

• 2026-07 Direct Growth return +2.41%, observed from 2026-06-30 to 2026-07-31. [nav]
• Since first published NAV: +7.29% at 2026-07-31. [nav]
• Portfolio captured as of 2026-07-31; 72 position lines; capture parsed. Original AMC publication date is not provided by this history source. [portfolio]
• Disclosed long cash equity: +80.01% of assets at 2026-07-31; not net market exposure. [portfolio]
• Torrent Pharmaceuticals Ltd.: reported closing weight +5.78% at 2026-07-31. [portfolio]
• HDFC Bank Ltd.: reported closing weight +4.89% at 2026-07-31. [portfolio]
• ICICI Bank Ltd: reported closing weight +4.77% at 2026-07-31. [portfolio]
• Bharti Airtel Ltd.: reported closing weight +3.42% at 2026-07-31. [portfolio]
• Mahindra and Mahindra Ltd: reported closing weight +3.34% at 2026-07-31. [portfolio]
• Disclosed hedging (reported): The AMC labels these positions as hedging. The disclosure does not measure how much downside they protected. [portfolio]
• Cash + short futures (possible): Cash shares and short futures share an underlying. This can indicate arbitrage or a hedge; quantities, contract terms and manager commentary are needed to establish the matched strategy. [portfolio]
• Potential covered calls (possible): A sold call appears alongside shares in the same company. Coverage and the capped upside need contract-size and quantity verification. [portfolio]
• Portfolio comparison interval: 2026-06-30 to 2026-07-31. This is not necessarily one month. Weight changes do not prove trades. [portfolio] [previous]
• Torrent Pharmaceuticals Ltd.: Newly disclosed; not captured to +5.78% across that disclosure interval. [portfolio] [previous]
• Tata Steel Ltd.: No longer disclosed; +3.01% to not captured across that disclosure interval. [portfolio] [previous]
• State Bank of India: Weight changed; +4.27% to +1.91% across that disclosure interval. [portfolio] [previous]
• Apollo Hos Ent Ltd: No longer disclosed; +2.10% to not captured across that disclosure interval. [portfolio] [previous]
• Dr. Lal Path Labs Ltd.: Newly disclosed; not captured to +1.92% across that disclosure interval. [portfolio] [previous]

All captured positions · 2026-07-31

Reported weights retain their source basis. Do not add derivative valuations to equity exposure.

Changes between 2026-06-30 and 2026-07-31

Interpretation limits

• Holdings provide positioning evidence, not a measured return contribution. Trading, derivatives, flows, fees and valuation changes can also affect NAV.

* Since first published NAV. NAV returns are absolute, not annualised. Monthly returns use actual observed boundaries; cumulative returns use the stated baseline and are not a sum of rounded monthly returns.

• 2026-06 Direct Growth return +2.15%, observed from 2026-05-31 to 2026-06-30. [nav]
• Since first published NAV: +4.76% at 2026-06-30. [nav]
• Portfolio captured as of 2026-06-30; 58 position lines; capture parsed. Original AMC publication date is not provided by this history source. [portfolio]
• Disclosed long cash equity: +77.85% of assets at 2026-06-30; not net market exposure. [portfolio]
• ICICI Bank Ltd: reported closing weight +5.56% at 2026-06-30. [portfolio]
• HDFC Bank Ltd.: reported closing weight +4.45% at 2026-06-30. [portfolio]
• State Bank of India: reported closing weight +4.27% at 2026-06-30. [portfolio]
• Mahindra and Mahindra Ltd: reported closing weight +3.67% at 2026-06-30. [portfolio]
• Bharti Airtel Ltd.: reported closing weight +3.28% at 2026-06-30. [portfolio]
• Disclosed hedging (reported): The AMC labels these positions as hedging. The disclosure does not measure how much downside they protected. [portfolio]
• Cash + short futures (possible): Cash shares and short futures share an underlying. This can indicate arbitrage or a hedge; quantities, contract terms and manager commentary are needed to establish the matched strategy. [portfolio]
• Portfolio comparison interval: 2026-05-31 to 2026-06-30. This is not necessarily one month. Weight changes do not prove trades. [portfolio] [previous]
• Power Finance Corporation Limited: Newly disclosed; not captured to +2.94% across that disclosure interval. [portfolio] [previous]
• Cipla Ltd.: Newly disclosed; not captured to +2.45% across that disclosure interval. [portfolio] [previous]
• TVS Holdings Ltd.: Newly disclosed; not captured to +2.45% across that disclosure interval. [portfolio] [previous]
• TVS Motor Company Ltd: No longer disclosed; +2.40% to not captured across that disclosure interval. [portfolio] [previous]
• REC Ltd.: No longer disclosed; +2.10% to not captured across that disclosure interval. [portfolio] [previous]

All captured positions · 2026-06-30

Reported weights retain their source basis. Do not add derivative valuations to equity exposure.

Changes between 2026-05-31 and 2026-06-30

Interpretation limits

• Holdings provide positioning evidence, not a measured return contribution. Trading, derivatives, flows, fees and valuation changes can also affect NAV.

* Since first published NAV. NAV returns are absolute, not annualised. Monthly returns use actual observed boundaries; cumulative returns use the stated baseline and are not a sum of rounded monthly returns.

• 2026-05 Direct Growth return -0.85%, observed from 2026-04-30 to 2026-05-31. [nav]
• Since first published NAV: +2.55% at 2026-05-31. [nav]
• Portfolio captured as of 2026-05-31; 54 position lines; capture parsed. Original AMC publication date is not provided by this history source. [portfolio]
• Disclosed long cash equity: +74.12% of assets at 2026-05-31; not net market exposure. [portfolio]
• ICICI Bank Ltd: reported closing weight +5.57% at 2026-05-31. [portfolio]
• State Bank of India: reported closing weight +4.23% at 2026-05-31. [portfolio]
• Tata Steel Ltd.: reported closing weight +3.76% at 2026-05-31. [portfolio]
• HDFC Bank Ltd.: reported closing weight +3.48% at 2026-05-31. [portfolio]
• Bharti Airtel Ltd.: reported closing weight +3.39% at 2026-05-31. [portfolio]
• Disclosed hedging (reported): The AMC labels these positions as hedging. The disclosure does not measure how much downside they protected. [portfolio]
• Cash + short futures (possible): Cash shares and short futures share an underlying. This can indicate arbitrage or a hedge; quantities, contract terms and manager commentary are needed to establish the matched strategy. [portfolio]
• Portfolio comparison interval: 2026-04-30 to 2026-05-31. This is not necessarily one month. Weight changes do not prove trades. [portfolio] [previous]
• Tata Steel Ltd.: Newly disclosed; not captured to +3.76% across that disclosure interval. [portfolio] [previous]
• REC Ltd.: Newly disclosed; not captured to +2.10% across that disclosure interval. [portfolio] [previous]
• Coal India Ltd.: Weight changed; +1.67% to +0.04% across that disclosure interval. [portfolio] [previous]
• Sagility India Ltd.: Newly disclosed; not captured to +1.57% across that disclosure interval. [portfolio] [previous]
• CANARA ROBECO AMC LTD: Newly disclosed; not captured to +1.09% across that disclosure interval. [portfolio] [previous]

All captured positions · 2026-05-31

Reported weights retain their source basis. Do not add derivative valuations to equity exposure.

Changes between 2026-04-30 and 2026-05-31

Interpretation limits

• Holdings provide positioning evidence, not a measured return contribution. Trading, derivatives, flows, fees and valuation changes can also affect NAV.

* Since first published NAV. NAV returns are absolute, not annualised. Monthly returns use actual observed boundaries; cumulative returns use the stated baseline and are not a sum of rounded monthly returns.

• 2026-04 Direct Growth return +3.42%, observed from 2026-03-31 to 2026-04-30. [nav]
• Since first published NAV: +3.43% at 2026-04-30. [nav]
• Portfolio captured as of 2026-04-30; 45 position lines; capture parsed. Original AMC publication date is not provided by this history source. [portfolio]
• Disclosed long cash equity: +65.97% of assets at 2026-04-30; not net market exposure. [portfolio]
• ICICI Bank Ltd: reported closing weight +4.95% at 2026-04-30. [portfolio]
• State Bank of India: reported closing weight +4.63% at 2026-04-30. [portfolio]
• HDFC Bank Ltd.: reported closing weight +3.80% at 2026-04-30. [portfolio]
• Bharti Airtel Ltd.: reported closing weight +3.40% at 2026-04-30. [portfolio]
• Mahindra and Mahindra Ltd: reported closing weight +3.05% at 2026-04-30. [portfolio]
• Disclosed hedging (reported): The AMC labels these positions as hedging. The disclosure does not measure how much downside they protected. [portfolio]
• Potential covered calls (possible): A sold call appears alongside shares in the same company. Coverage and the capped upside need contract-size and quantity verification. [portfolio]
• Portfolio comparison interval: 2026-03-31 to 2026-04-30. This is not necessarily one month. Weight changes do not prove trades. [portfolio] [previous]
• Indus Towers Ltd.: Newly disclosed; not captured to +2.39% across that disclosure interval. [portfolio] [previous]
• TVS Motor Company Ltd: Newly disclosed; not captured to +2.11% across that disclosure interval. [portfolio] [previous]
• JSW Steel Ltd.: No longer disclosed; +2.09% to not captured across that disclosure interval. [portfolio] [previous]
• Apollo Hospitals Enterprise Ltd.: Newly disclosed; not captured to +2.00% across that disclosure interval. [portfolio] [previous]
• Coal India Ltd.: Newly disclosed; not captured to +1.67% across that disclosure interval. [portfolio] [previous]

All captured positions · 2026-04-30

Reported weights retain their source basis. Do not add derivative valuations to equity exposure.

Changes between 2026-03-31 and 2026-04-30

Interpretation limits

• Holdings provide positioning evidence, not a measured return contribution. Trading, derivatives, flows, fees and valuation changes can also affect NAV.

* Since first published NAV. NAV returns are absolute, not annualised. Monthly returns use actual observed boundaries; cumulative returns use the stated baseline and are not a sum of rounded monthly returns.

• 2026-03 Direct Growth return +0.01%, observed from 2026-03-30 to 2026-03-31 (partial first month). [nav]
• Since first published NAV: +0.01% at 2026-03-31. [nav]
• Portfolio captured as of 2026-03-31; 29 position lines; capture parsed. Original AMC publication date is not provided by this history source. [portfolio]
• Disclosed long cash equity: +60.10% of assets at 2026-03-31; not net market exposure. [portfolio]
• ICICI Bank Ltd: reported closing weight +5.10% at 2026-03-31. [portfolio]
• State Bank of India: reported closing weight +3.66% at 2026-03-31. [portfolio]
• HDFC Bank Ltd.: reported closing weight +3.64% at 2026-03-31. [portfolio]
• Bharti Airtel Ltd.: reported closing weight +3.48% at 2026-03-31. [portfolio]
• SBI Life Insurance Company Ltd.: reported closing weight +3.41% at 2026-03-31. [portfolio]

All captured positions · 2026-03-31

Reported weights retain their source basis. Do not add derivative valuations to equity exposure.

Interpretation limits

• Holdings provide positioning evidence, not a measured return contribution. Trading, derivatives, flows, fees and valuation changes can also affect NAV.

* Since first published NAV. NAV returns are absolute, not annualised. Monthly returns use actual observed boundaries; cumulative returns use the stated baseline and are not a sum of rounded monthly returns.