Equity scheme

Parag Parikh Arbitrage Fund ( An open ended scheme investing in arbitrage opportunities )

PPFAS Mutual Fund

Portfolio month

Positions

72 matched to listed companies

Net assets

₹2,732 Cr

summed from the positions below

Portfolio as of

July 2026

published monthly under SEBI disclosure

Instrument	Industry / rating	Quantity	Value (₹ Cr)	% to NAV
Kotak Mahindra Bank LimitedKOTAKBANK	Banks	26.7 L	104.21	3.81%
RBL Bank LimitedRBLBANK	Banks	41,275	1.55	0.06%
ICICI Bank LimitedICICIBANK	Banks	11.49 L	164.98	6.04%
Canara BankCANBK	Banks	1.22 Cr	152.02	5.57%
HDFC Bank LimitedHDFCBANK	Banks	19.64 L	146.91	5.38%
Bharti Airtel LimitedBHARTIARTL	Telecom - Services	6.63 L	130.67	4.78%
Reliance Industries LimitedRELIANCE	Petroleum Products	9.66 L	126.27	4.62%
Axis Bank LimitedAXISBANK	Banks	9.87 L	121.34	4.44%
Bharat Heavy Electricals LimitedBHEL	Electrical Equipment	19.9 L	80.98	2.96%
State Bank of IndiaSBIN	Banks	6.44 L	66.11	2.42%
IDFC First Bank LimitedIDFCFIRSTB	Banks	70.4 L	59.61	2.18%
Tata Steel LimitedTATASTEEL	Ferrous Metals	30.97 L	58.74	2.15%
Mahindra & Mahindra LimitedM&M	Automobiles	1.68 L	57.16	2.09%
Bharat Electronics LimitedBEL	Aerospace & Defense	13.81 L	53.56	1.96%
UltraTech Cement LimitedULTRACEMCO	Cement & Cement Products	42,500	50.59	1.85%
Shriram Finance LimitedSHRIRAMFIN	Finance	4.6 L	48.18	1.76%
NMDC LimitedNMDC	Minerals & Mining	55.22 L	46.95	1.72%
Eicher Motors LimitedEICHERMOT	Automobiles	53,600	41.99	1.54%
GMR Airports LimitedGMRAIRPORT	Transport Infrastructure	29.09 L	30.62	1.12%
Punjab National BankPNB	Banks	26.64 L	30.03	1.1%
Bajaj Finance LimitedBAJFINANCE	Finance	2.48 L	28.33	1.04%
Hindustan Aeronautics LimitedHAL	Aerospace & Defense	58,500	27.18	1%
DLF LimitedDLF	Realty	3.86 L	25.43	0.93%
Sun Pharmaceutical Industries LimitedSUNPHARMA	Pharmaceuticals & Biotechnology	1.26 L	25.08	0.92%
Bank of BarodaBANKBARODA	Banks	9.77 L	23.7	0.87%
Grasim Industries LimitedGRASIM	Cement & Cement Products	69,000	21.4	0.78%
Bandhan Bank LimitedBANDHANBNK	Banks	11.56 L	20.12	0.74%
NBCC (India) LimitedNBCC	Construction	20.35 L	19.29	0.71%
Cipla LimitedCIPLA	Pharmaceuticals & Biotechnology	1.16 L	17.16	0.63%
NTPC LimitedNTPC	Power	4.91 L	17.03	0.62%
The Indian Hotels Company LimitedINDHOTEL	Leisure Services	2.16 L	15.95	0.58%
Eternal LimitedETERNAL	Retailing	5.12 L	15.48	0.57%
Biocon LimitedBIOCON	Pharmaceuticals & Biotechnology	3.25 L	13.84	0.51%
Jio Financial Services LimitedJIOFIN	Finance	4.94 L	12.66	0.46%
Glenmark Pharmaceuticals LimitedGLENMARK	Pharmaceuticals & Biotechnology	55,500	12.4	0.45%
Coal India LimitedCOALINDIA	Consumable Fuels	2.74 L	11.35	0.42%
Steel Authority of India LimitedSAIL	Ferrous Metals	6.2 L	10.49	0.38%
Bajaj Finserv LimitedBAJAJFINSV	Finance	51,600	10.47	0.38%
ITC LimitedITC	Diversified FMCG	3.52 L	9.89	0.36%
Aditya Birla Capital LimitedABCAPITAL	Finance	2.33 L	9.4	0.34%
LIC Housing Finance LimitedLICHSGFIN	Finance	1.73 L	9.05	0.33%
Varun Beverages LimitedVBL	Beverages	1.94 L	8.57	0.31%
Hindalco Industries LimitedHINDALCO	Non - Ferrous Metals	83,300	8.12	0.3%
JSW Steel LimitedJSWSTEEL	Ferrous Metals	58,050	7.37	0.27%
Zydus Lifesciences LimitedZYDUSLIFE	Pharmaceuticals & Biotechnology	58,500	6.59	0.24%
Tata Power Company LimitedTATAPOWER	Power	1.65 L	6.29	0.23%
Oil & Natural Gas Corporation LimitedONGC	Oil	2.5 L	6.06	0.22%
One 97 Communications LimitedPAYTM	Financial Technology (Fintech)	41,325	5.55	0.2%
Indus Towers LimitedINDUSTOWER	Telecom - Services	1.36 L	5.32	0.19%
Dabur India LimitedDABUR	Personal Products	1.25 L	5.27	0.19%
Crompton Greaves Consumer Electricals LimitedCROMPTON	Consumer Durables	1.98 L	5.15	0.19%
Inox Wind LimitedINOXWIND	Electrical Equipment	4.03 L	3.15	0.12%
PNB Housing Finance LimitedPNBHOUSING	Finance	25,350	2.67	0.1%
Godrej Properties LimitedGODREJPROP	Realty	11,050	2.33	0.09%
Larsen & Toubro LimitedLT	Construction	5,775	2.27	0.08%
Divi's Laboratories LimitedDIVISLAB	Pharmaceuticals & Biotechnology	2,500	2.01	0.07%
GAIL (India) LimitedGAIL	Gas	92,300	1.67	0.06%
Tata Consumer Products LimitedTATACONSUM	Agricultural Food & other Products	14,850	1.61	0.06%
Tata Motors Passenger Vehicles LimitedTMPV	Automobiles	46,400	1.58	0.06%
Hindustan Unilever LimitedHINDUNILVR	Diversified FMCG	7,500	1.58	0.06%
Yes Bank LimitedYESBANK	Banks	6.84 L	1.56	0.06%
Indian Oil Corporation LimitedIOC	Petroleum Products	97,500	1.37	0.05%
Asian Paints LimitedASIANPAINT	Consumer Durables	3,750	1.03	0.04%
Hindustan Petroleum Corporation LimitedHINDPETRO	Petroleum Products	26,325	1.03	0.04%
Havells India LimitedHAVELLS	Consumer Durables	7,500	0.95	0.03%
Power Grid Corporation of India LimitedPOWERGRID	Power	24,700	0.7	0.03%
AU Small Finance Bank LimitedAUBANK	Banks	5,000	0.52	0.02%
SBI Life Insurance Company LimitedSBILIFE	Insurance	2,625	0.49	0.02%
TVS Motor Company LimitedTVSMOTOR	Automobiles	875	0.38	0.01%
The Federal Bank LimitedFEDERALBNK	Banks	7,500	0.27	0.01%
HDFC Life Insurance Company LimitedHDFCLIFE	Insurance	2,200	0.12	—
Cholamandalam Investment and Finance Company LtdCHOLAFIN	Finance	625	0.12	—
Canara Bank (08/12/2026)	CRISIL A1+	1,000	48.82	1.79%
HDFC Bank Limited (21/12/2026)	CRISIL A1+	1,000	48.69	1.78%
Canara Bank (08/01/2027)	CRISIL A1+	1,000	48.53	1.78%
Indian Bank (12/01/2027)	CRISIL A1+	1,000	48.5	1.78%
National Bank For Agriculture and Rural Development (27/01/2027)	CRISIL A1+	1,000	48.34	1.77%
Small Industries Dev Bank of India (26/02/2027)	CRISIL A1+	1,000	48.06	1.76%
Small Industries Dev Bank of India (11/06/2027)	CRISIL A1+	1,000	47.09	1.72%
HDFC Bank Limited (11/09/2026)	CRISIL A1+	500	24.82	0.91%
Bank of Baroda (25/11/2026)	IND A1+	500	24.47	0.9%
364 Days Tbill (MD 15/01/2027)	Sovereign	10 L	9.75	0.36%
Parag Parikh Liquid Fund- Direct Plan- Growth	—	18.69 L	291.37	10.67%
TRP_030826	—	—	28.89	1.06%
Net Receivables / (Payables)	—	—	-5.58	-0.2%

Percentages are the AMC’s own filed figures. Rows without a ticker are instruments outside the listed equity universe — government securities, money-market paper, TREPS and net receivables — and are kept so the portfolio still totals 100%.