This document summarizes the portfolio holdings of the IDFC Focused Equity Fund as of January 31, 2021. The top 15 equity holdings make up 83.79% of the total fund, with the largest allocations to Bharti Airtel Limited (11.18%), ICICI Bank Limited (8.21%), and Infosys Limited (8.04%). The portfolio has a focus on companies in the banking, software, telecom services, and chemicals industries. A disclaimer is provided noting that past performance is not indicative of future results and investors should read all documents carefully.