The small cap fund added 22,792 shares of SBI Funds Management and 44,988 shares of Caliber Mining and Logistics in its portfolio in July. Among the other 11 stocks, the fund added the maximum number of shares of Hexaware Technologies. It added around 65.93 lakh shares of this stock in its portfolio.
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This was followed by the addition of 46.26 lakh shares of Bandhan Bank, 41.18 lakh shares of Mangalore Refinery & Petrochemicals, and 18.93 lakh shares of Redington to the portfolio during the period.
Bharat Heavy Electricals, Delhivery, Gabriel India, Jubilant Foodworks, KPIT Technologies, Sonata Software and Sumitomo Chemical India were the other new entrants in the portfolio in July.
The fund made complete exit from four stocks in the said time period. Around 1.49 crore shares of IDFC First Bank, 33.10 lakh shares of Anthem Biosciences, 23.23 lakh shares of HDFC Life Insurance and nearly 1.83 lakh shares of EID Parry (India) were sold out from the portfolio.
The fund also reduced its exposure to seven stocks. Around 78.03 lakh shares of RBL Bank were sold, taking its holding to 4.21 crore shares in July from 4.99 crore shares in the previous month.Around 11 lakh shares of SMS Pharmaceuticals, 7.80 lakh shares of National Building Construction and 6.44 lakh shares of Rishabh Instruments were also reduced from the portfolio. The fund sold 5.23 lakh shares of Sula Vineyards, taking its holding to 27.86 lakh shares.
It also sold nearly 3.21 lakh shares of Man Infraconstruction and 2.99 lakh shares of Apollo Tyres in July.
The fund increased its exposure to 10 stocks in July. It added 87.90 lakh shares of Manappuram Finance, taking its holding to 2.56 crore shares during the period. It also added around 38.55 lakh shares of Welspun Living, 35.49 lakh shares of Sona BLW Precision Forgings and 13.27 lakh shares of Capri Global Capital to the portfolio.
The other stocks where the fund increased its exposure were Adani Enterprises, Aegis Logistics, Alivus Life Sciences, Blackbuck, and Ethos.
The exposure remained unchanged in nearly 76 stocks such as Adani Green Energy, Adani Power, Bharti Airtel, ICICI Bank, Juniper Hotels, Piramal Finance and Welspun Enterprises.
As a percentage of NAV, the fund had the highest allocation in HFCL of around 5.44%, followed by 5.33% in NSE Nifty 25/8/2026 and 4.72% in Adani Enterprises.
In July, the fund had 106 stocks in its portfolio against 97 stocks in the previous month. As of July 31, 2026 the fund had an AUM of Rs 34,069 crore. The performance is benchmarked against Nifty Smallcap250 TRI and is managed by Sandeep Tandon, Ankit Pande, Varun Pattani, Ayusha Kumbhat, Yug Tibrewal, Sameer Kate, Sanjeev Sharma.
The top 10 holdings in the portfolio concentrate 38.50% of the total portfolio and top 20 holdings concentrate 59.65% of the portfolio.
Since inception, the direct plan has delivered a CAGR of 17.65%, while the regular plan has delivered a CAGR of 11.88% (as of July 31, 2026). The fund has 20.62% of its portfolio invested in large caps, 8.81% in mid caps and 65.06% in small caps.
According to the fund house’s monthly release, the scheme is suited to investors with a long-term investment horizon and a high risk appetite. The bulk of the portfolio is invested in high-growth companies with attractive valuations that remain relatively under-owned.
“During the month, we raised equity exposure. Exposure to index futures (+5.33%) and autos (+1.42%) was raised, while healthcare (-1.52%) was reduced,” the fund house said.
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