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Risk in SIP: Assessment of Risk in SIP Investment

Updated on September 27, 2023 , 54402 views

The risk in SIP varies for different Types of Mutual Funds. investing in Mutual Funds via SIP (Systematic Investment plan) involves Market linked risks, that are certainly higher for Equity Funds than debt and balanced Mutual Funds. The risk in SIP depends on the investment option that is chosen considering the risk profile, risk appetite and liquidity. However, the risk in SIP can be managed and reduced by the fund managers and the fund house.

To calculate the risk in SIP there are various tools available like sip calculator (also known as SIP return calculator).

Risk in SIP: Assessment of SIP Risks

Risk 1: The risk of SIP getting a negative return or price risk

Mutual fund investments are subject to market risks, is a commonly heard term. What this means is that your investment in a SIP can go down and you can end up with a value lower than what you invested depending on how the market behaves.

The risk in SIP is however related to the holding period and usually, the longer the holding period, the lower the risk. With higher holding period the probability of making profit increases. For e.g. have a look below for equity, a longer holding period for equity results in a lowering chance of loss. (The below is an analysis done on the BSE Sensex from 1979 to 2016).

Risk 2: The risk being able to get your money back quickly or liquidity risk

The ability to get your money back quickly depends on the Underlying investments. Usually with mutual funds, this is not an issue, however, there have been periods (such in 2008), when there was an issue in selling securities(Bonds) and that certain mutual funds had to limit withdrawals from some schemes. The equity market is fairly liquid (meaning that buying and selling do not pose an issue). However, if the sale quantity exceeds the numbers of buyers by a large amount, then this will result in an issue, hence making subsequent payouts a problem and hence liquidity risk.

Risk 3: The risk of downgrade of a security or credit risk

When the bond of a particular company/entity undergoes a downgrade by a credit rating agency, its price falls. If the price falls, this impacts the overall value of the Portfolio. This is called credit risk.

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Risk 4: The risk of the company not paying the owners of the bond their due or default risk

When a company defaults on its payments to the bond holders, it’s called Default Risk.

With the investor not getting their money back, this will impact their portfolio, negatively.

Risk 5: The risk of processing your transaction correctly or technology risk

Today, all transactions take place in the electronic mode. With the various touch-points, there is a possibility of a technological failure at various places, at the R & T Agent, the Bank to debit funds etc.

The non-processing of a transaction is also a risk in SIP.

Risk 6: The risk of scheme performance by the portfolio manager or fund management risk

Another risk in SIP is that the chosen scheme may not deliver upto expectations, and performance may be much lower than expected. The Fund Manager may under-deliver on performance, and this will lead to low returns on the SIP investment.

These are the major risks in a SIP, while we can go on and elaborate further risks in SIP like Economy risk etc., most of these risks would fall under one or more of the categories above.

Though there is definitely a risk in SIP, one should always remember that SIP or lump sum, this is just an investment route and NOT the underlying investment. One needs to look at the underlying investment, its risks, and then make a final decision.

*Below is the list of Top SIP's one can evaluate to invest in

1. Nippon India Small Cap Fund

The primary investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related instruments of small cap companies and the secondary objective is to generate consistent returns by investing in debt and money market securities.

Nippon India Small Cap Fund is a Equity - Small Cap fund was launched on 16 Sep 10. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 21% since its launch. Ranked 6 in Small Cap category. Return for 2022 was 6.5% , 2021 was 74.3% and 2020 was 29.2% .

Below is the key information for Nippon India Small Cap Fund

Nippon India Small Cap Fund Growth
Launch Date	16 Sep 10
NAV (22 Aug 23)	₹117.791 ↑ 1.09 (0.93 %)
Net Assets (Cr)	₹34,469 on 31 Jul 23
Category	Equity - Small Cap
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.82
Sharpe Ratio	2.23
Information Ratio	1.58
Alpha Ratio	9.1
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Aug 18	₹10,000
31 Aug 19	₹7,788
31 Aug 20	₹9,023
31 Aug 21	₹17,298
31 Aug 22	₹19,919
31 Aug 23	₹26,938

Nippon India Small Cap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹518,033.
Net Profit of ₹218,033 Invest Now

Returns for Nippon India Small Cap Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23

Duration	Returns
1 Month	3.9%
3 Month	17.9%
6 Month	29.5%
1 Year	36%
3 Year	42.1%
5 Year	21.8%
10 Year
15 Year
Since launch	21%

Historical performance (Yearly) on absolute basis

Year	Returns
2022	6.5%
2021	74.3%
2020	29.2%
2019	-2.5%
2018	-16.7%
2017	63%
2016	5.6%
2015	15.1%
2014	97.6%
2013	11.9%

Fund Manager information for Nippon India Small Cap Fund

Name	Since	Tenure
Samir Rachh	2 Jan 17	6.67 Yr.
Kinjal Desai	25 May 18	5.27 Yr.
Tejas Sheth	1 Feb 23	0.58 Yr.
Akshay Sharma	1 Dec 22	0.75 Yr.

Data below for Nippon India Small Cap Fund as on 31 Jul 23

Equity Sector Allocation

Sector	Value
Industrials	31.69%
Financial Services	14.07%
Basic Materials	12.14%
Consumer Cyclical	12.02%
Technology	8.78%
Consumer Defensive	7.49%
Health Care	6.98%
Communication Services	1.68%
Energy	0.99%
Utility	0.57%
Real Estate	0.24%

Asset Allocation

Asset Class	Value
Cash	2.34%
Equity	97.66%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Tube Investments of India Ltd Ordinary Shares (Industrials) Equity, Since 30 Apr 18 \| TIINDIA	3%	₹948 Cr	3,267,559
HDFC Bank Ltd (Financial Services) Equity, Since 30 Apr 22 \| HDFCBANK	2%	₹664 Cr	4,225,000
Apar Industries Ltd Shs Dematerialised (Industrials) Equity, Since 31 Mar 17 \| APARINDS	2%	₹597 Cr	1,191,538 ↓ -51,427
KPIT Technologies Ltd (Technology) Equity, Since 30 Jun 19 \| KPITTECH	2%	₹559 Cr	4,756,932
CreditAccess Grameen Ltd Ordinary Shares (Financial Services) Equity, Since 31 Jul 19 \| CREDITACC	2%	₹555 Cr	3,922,401
Voltamp Transformers Ltd Shs Dematerialised (Industrials) Equity, Since 30 Sep 16 \| VOLTAMP	1%	₹502 Cr	873,167
Tejas Networks Ltd (Technology) Equity, Since 30 Jun 17 \| TEJASNET	1%	₹502 Cr	5,763,697
Bharat Heavy Electricals Ltd (Industrials) Equity, Since 30 Sep 22 \| 500103	1%	₹440 Cr	36,323,195
ELANTAS Beck India Ltd (Basic Materials) Equity, Since 28 Feb 13 \| 500123	1%	₹439 Cr	614,625
NIIT Learning Systems Ltd (Consumer Defensive) Equity, Since 30 Jun 23 \| -	1%	₹432 Cr	11,320,240 ↑ 11,320,240

2. L&T Emerging Businesses Fund

To generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities, including equity derivatives, in the Indian markets with key theme focus being emerging companies (small cap stocks). The Scheme could also additionally invest in Foreign Securities.

L&T Emerging Businesses Fund is a Equity - Small Cap fund was launched on 12 May 14. It is a fund with High risk and has given a CAGR/Annualized return of 21.2% since its launch. Ranked 2 in Small Cap category. Return for 2022 was 1% , 2021 was 77.4% and 2020 was 15.5% .

Below is the key information for L&T Emerging Businesses Fund

L&T Emerging Businesses Fund Growth
Launch Date	12 May 14
NAV (22 Aug 23)	₹59.5566 ↑ 0.57 (0.97 %)
Net Assets (Cr)	₹10,766 on 31 Jul 23
Category	Equity - Small Cap
AMC	L&T Investment Management Ltd
Rating	☆☆☆☆☆
Risk	High
Expense Ratio	1.84
Sharpe Ratio	2.19
Information Ratio	1.01
Alpha Ratio	7.44
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Aug 18	₹10,000
31 Aug 19	₹7,863
31 Aug 20	₹7,732
31 Aug 21	₹14,721
31 Aug 22	₹17,119
31 Aug 23	₹22,561

L&T Emerging Businesses Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹470,047.
Net Profit of ₹170,047 Invest Now

Returns for L&T Emerging Businesses Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23

Duration	Returns
1 Month	4.9%
3 Month	15.7%
6 Month	25.9%
1 Year	31.5%
3 Year	40.1%
5 Year	17.1%
10 Year
15 Year
Since launch	21.2%

Historical performance (Yearly) on absolute basis

Year	Returns
2022	1%
2021	77.4%
2020	15.5%
2019	-8.1%
2018	-13.7%
2017	66.5%
2016	10.2%
2015	12.3%
2014
2013

Fund Manager information for L&T Emerging Businesses Fund

Name	Since	Tenure
Venugopal Manghat	17 Dec 19	3.71 Yr.
Vihang Naik	17 Dec 19	3.71 Yr.

Data below for L&T Emerging Businesses Fund as on 31 Jul 23

Equity Sector Allocation

Sector	Value
Industrials	38.61%
Basic Materials	15.76%
Consumer Cyclical	14.81%
Technology	8.9%
Financial Services	6.45%
Real Estate	5.71%
Consumer Defensive	3.71%
Health Care	3.53%
Energy	1.13%

Asset Allocation

Asset Class	Value
Cash	1.39%
Equity	98.61%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Apar Industries Ltd (Industrials) Equity, Since 31 Mar 17 \| APARINDS	3%	₹379 Cr	756,017 ↓ -65,000
K.P.R. Mill Ltd (Consumer Cyclical) Equity, Since 28 Feb 15 \| KPRMILL	3%	₹377 Cr	4,981,639
KEI Industries Ltd (Industrials) Equity, Since 31 Jan 20 \| KEI	3%	₹295 Cr	1,090,358 ↓ -158,330
Cera Sanitaryware Ltd (Industrials) Equity, Since 31 Mar 19 \| CERA	3%	₹289 Cr	304,220 ↓ -5,000
APL Apollo Tubes Ltd (Basic Materials) Equity, Since 31 Oct 20 \| APLAPOLLO	2%	₹266 Cr	1,588,905
EIH Ltd (Consumer Cyclical) Equity, Since 31 May 17 \| 500840	2%	₹265 Cr	10,664,200
KPIT Technologies Ltd (Technology) Equity, Since 30 Sep 21 \| KPITTECH	2%	₹257 Cr	2,188,200
Sonata Software Ltd (Technology) Equity, Since 31 Jul 18 \| SONATSOFTW	2%	₹256 Cr	2,448,245
Carborundum Universal Ltd (Industrials) Equity, Since 31 Jul 16 \| CARBORUNIV	2%	₹244 Cr	2,149,700 ↓ -100,000
Mahindra Lifespace Developers Ltd (Real Estate) Equity, Since 31 Jul 21 \| MAHLIFE	2%	₹241 Cr	4,242,200

3. HDFC Small Cap Fund

To provide long-term capital appreciation by investing predominantly in Small-Cap and Mid-Cap companies.

HDFC Small Cap Fund is a Equity - Small Cap fund was launched on 3 Apr 08. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 16.3% since its launch. Ranked 9 in Small Cap category. Return for 2022 was 4.6% , 2021 was 64.9% and 2020 was 20.2% .

Below is the key information for HDFC Small Cap Fund

HDFC Small Cap Fund Growth
Launch Date	3 Apr 08
NAV (22 Aug 23)	₹101.791 ↑ 0.68 (0.67 %)
Net Assets (Cr)	₹21,067 on 31 Jul 23
Category	Equity - Small Cap
AMC	HDFC Asset Management Company Limited
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.82
Sharpe Ratio	2.77
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	300
Exit Load	0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Aug 18	₹10,000
31 Aug 19	₹8,112
31 Aug 20	₹8,105
31 Aug 21	₹15,033
31 Aug 22	₹16,360
31 Aug 23	₹22,517

HDFC Small Cap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹470,047.
Net Profit of ₹170,047 Invest Now

Returns for HDFC Small Cap Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23

Duration	Returns
1 Month	3.5%
3 Month	16.4%
6 Month	28.1%
1 Year	39.6%
3 Year	38.9%
5 Year	17.7%
10 Year
15 Year
Since launch	16.3%

Historical performance (Yearly) on absolute basis

Year	Returns
2022	4.6%
2021	64.9%
2020	20.2%
2019	-9.5%
2018	-8.1%
2017	60.8%
2016	5.4%
2015	6.4%
2014	51.5%
2013	7.5%

Fund Manager information for HDFC Small Cap Fund

Name	Since	Tenure
Chirag Setalvad	28 Jun 14	9.18 Yr.
Dhruv Muchhal	22 Jun 23	0.19 Yr.

Data below for HDFC Small Cap Fund as on 31 Jul 23

Equity Sector Allocation

Sector	Value
Industrials	27.08%
Consumer Cyclical	20.56%
Financial Services	12.05%
Technology	11.29%
Health Care	10.59%
Basic Materials	6.28%
Consumer Defensive	3.33%
Communication Services	2.42%

Asset Allocation

Asset Class	Value
Cash	6.39%
Equity	93.61%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Sonata Software Ltd Shs Dematerialised (Technology) Equity, Since 31 Oct 17 \| SONATSOFTW	4%	₹979 Cr	9,367,459 ↑ 258,130
Bank of Baroda (Financial Services) Equity, Since 31 Mar 19 \| 532134	4%	₹802 Cr	42,828,792 ↑ 1,000,000
Firstsource Solutions Ltd Shs Dematerialised (Technology) Equity, Since 31 Mar 18 \| FSL	4%	₹801 Cr	49,076,294 ↑ 248,734
Bajaj Electricals Ltd (Consumer Cyclical) Equity, Since 31 Mar 19 \| BAJAJELEC	3%	₹644 Cr	5,545,822
IDFC Ltd (Financial Services) Equity, Since 31 Oct 21 \| IDFC	3%	₹628 Cr	51,571,544
Aster DM Healthcare Ltd Ordinary Shares (Healthcare) Equity, Since 30 Jun 19 \| ASTERDM	2%	₹553 Cr	16,680,886
eClerx Services Ltd (Technology) Equity, Since 31 Mar 18 \| ECLERX	2%	₹549 Cr	3,382,112 ↑ 147,220
SKF India Ltd Shs Dematerialised (Industrials) Equity, Since 31 Jul 14 \| SKFINDIA	2%	₹544 Cr	1,044,491 ↑ 2,166
KEI Industries Ltd (Industrials) Equity, Since 30 Sep 17 \| KEI	2%	₹521 Cr	1,926,026 ↓ -50,000
Power Mech Projects Ltd (Industrials) Equity, Since 31 Aug 15 \| POWERMECH	2%	₹513 Cr	1,215,078 ↓ -3,577

4. ICICI Prudential Infrastructure Fund

To generate capital appreciation and income distribution to unit holders by investing predominantly in equity/equity related securities of the companies belonging to the infrastructure development and balance in debt securities and money market instruments.

ICICI Prudential Infrastructure Fund is a Equity - Sectoral fund was launched on 31 Aug 05. It is a fund with High risk and has given a CAGR/Annualized return of 14.9% since its launch. Ranked 27 in Sectoral category. Return for 2022 was 28.8% , 2021 was 50.1% and 2020 was 3.6% .

Below is the key information for ICICI Prudential Infrastructure Fund

ICICI Prudential Infrastructure Fund Growth
Launch Date	31 Aug 05
NAV (22 Aug 23)	₹120.77 ↑ 0.55 (0.46 %)
Net Assets (Cr)	₹2,917 on 31 Jul 23
Category	Equity - Sectoral
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆☆
Risk	High
Expense Ratio	2.22
Sharpe Ratio	2.71
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Aug 18	₹10,000
31 Aug 19	₹9,033
31 Aug 20	₹8,472
31 Aug 21	₹14,496
31 Aug 22	₹17,743
31 Aug 23	₹23,558

ICICI Prudential Infrastructure Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹493,520.
Net Profit of ₹193,520 Invest Now

Returns for ICICI Prudential Infrastructure Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23

Duration	Returns
1 Month	3%
3 Month	13.6%
6 Month	21.6%
1 Year	36.5%
3 Year	38.7%
5 Year	19.1%
10 Year
15 Year
Since launch	14.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2022	28.8%
2021	50.1%
2020	3.6%
2019	2.6%
2018	-14%
2017	40.8%
2016	2%
2015	-3.4%
2014	56.2%
2013	-5%

Fund Manager information for ICICI Prudential Infrastructure Fund

Name	Since	Tenure
Ihab Dalwai	3 Jun 17	6.25 Yr.
Sharmila D’mello	30 Jun 22	1.17 Yr.

Data below for ICICI Prudential Infrastructure Fund as on 31 Jul 23

Equity Sector Allocation

Sector	Value

Asset Allocation

Asset Class	Value
Cash	3.44%
Equity	95.36%
Debt	1.21%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
NTPC Ltd (Utilities) Equity, Since 29 Feb 16 \| 532555	9%	₹278 Cr	12,600,000
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Nov 09 \| LT	6%	₹176 Cr	649,833 ↑ 20,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 Dec 16 \| ICICIBANK	5%	₹142 Cr	1,480,000 ↑ 200,000
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Apr 16 \| BHARTIARTL	4%	₹130 Cr	1,520,601 ↑ 17,242
Oil & Natural Gas Corp Ltd (Energy) Equity, Since 30 Jun 17 \| 500312	4%	₹124 Cr	7,145,300
Kalpataru Projects International Ltd (Industrials) Equity, Since 30 Sep 06 \| KPIL	4%	₹122 Cr	1,841,962
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jan 22 \| HDFCBANK	4%	₹117 Cr	744,300
NCC Ltd (Industrials) Equity, Since 31 Aug 21 \| NCC	4%	₹107 Cr	6,300,000
Tata Steel Ltd (Basic Materials) Equity, Since 31 Jan 20 \| TATASTEEL	2%	₹72 Cr	5,831,751 ↑ 1,500,000
Axis Bank Ltd (Financial Services) Equity, Since 31 Dec 20 \| 532215	2%	₹60 Cr	620,000

5. Franklin India Smaller Companies Fund

The Fund seeks to provide long-term capital appreciation by investing in mid and small cap companies.

Franklin India Smaller Companies Fund is a Equity - Small Cap fund was launched on 13 Jan 06. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 15.2% since its launch. Ranked 11 in Small Cap category. Return for 2022 was 3.6% , 2021 was 56.4% and 2020 was 18.7% .

Below is the key information for Franklin India Smaller Companies Fund

Franklin India Smaller Companies Fund Growth
Launch Date	13 Jan 06
NAV (22 Aug 23)	₹120.688 ↑ 0.60 (0.50 %)
Net Assets (Cr)	₹9,104 on 31 Jul 23
Category	Equity - Small Cap
AMC	Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.89
Sharpe Ratio	2.73
Information Ratio	0.42
Alpha Ratio	13.46
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Aug 18	₹10,000
31 Aug 19	₹8,066
31 Aug 20	₹7,929
31 Aug 21	₹14,425
31 Aug 22	₹15,661
31 Aug 23	₹21,546

Franklin India Smaller Companies Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579 Invest Now

Returns for Franklin India Smaller Companies Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23

Duration	Returns
1 Month	3.5%
3 Month	15.4%
6 Month	26%
1 Year	37.2%
3 Year	37.8%
5 Year	15.8%
10 Year
15 Year
Since launch	15.2%

Historical performance (Yearly) on absolute basis

Year	Returns
2022	3.6%
2021	56.4%
2020	18.7%
2019	-5%
2018	-17.4%
2017	43.5%
2016	10.2%
2015	9.6%
2014	89.9%
2013	13.2%

Fund Manager information for Franklin India Smaller Companies Fund

Name	Since	Tenure
R. Janakiraman	1 Feb 11	12.59 Yr.
Sandeep Manam	18 Oct 21	1.87 Yr.
Akhil Kalluri	8 Sep 22	0.98 Yr.

Data below for Franklin India Smaller Companies Fund as on 31 Jul 23

Equity Sector Allocation

Sector	Value
Industrials	27.29%
Financial Services	18.34%
Consumer Cyclical	13.28%
Basic Materials	7.96%
Technology	6.11%
Health Care	5.99%
Consumer Defensive	5.5%
Real Estate	5%
Communication Services	1.38%
Energy	0.38%

Asset Allocation

Asset Class	Value
Cash	7.51%
Equity	92.31%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Equitas Small Finance Bank Ltd Ordinary Shares (Financial Services) Equity, Since 31 Oct 20 \| EQUITASBNK	5%	₹435 Cr	48,064,081
Brigade Enterprises Ltd (Real Estate) Equity, Since 30 Jun 14 \| 532929	4%	₹349 Cr	5,893,691
Deepak Nitrite Ltd (Basic Materials) Equity, Since 31 Jan 16 \| DEEPAKNTR	3%	₹308 Cr	1,387,967
Kalyan Jewellers India Ltd (Consumer Cyclical) Equity, Since 31 May 22 \| KALYANKJIL	3%	₹294 Cr	11,664,895 ↓ -2,000,000
Jyothy Labs Ltd (Consumer Defensive) Equity, Since 31 Dec 15 \| 532926	3%	₹248 Cr	7,113,765 ↓ -250,000
J.B. Chemicals & Pharmaceuticals Ltd Shs Dematerialised (Healthcare) Equity, Since 30 Jun 14 \| JBCHEPHARM	2%	₹230 Cr	831,988 ↓ -50,000
KPIT Technologies Ltd (Technology) Equity, Since 31 Aug 20 \| KPITTECH	2%	₹220 Cr	1,872,610
ICICI Bank Ltd (Financial Services) Equity, Since 28 Feb 21 \| ICICIBANK	2%	₹217 Cr	2,259,945
Karur Vysya Bank Ltd (Financial Services) Equity, Since 31 Oct 12 \| 590003	2%	₹208 Cr	17,148,917
Carborundum Universal Ltd (Industrials) Equity, Since 31 Dec 14 \| CARBORUNIV	2%	₹206 Cr	1,812,883

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.