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        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Waaree Energies Ltd.</name>
        <lei>335800TCF9YCJG3VRZ10</lei>
        <title>Waaree Energies Ltd. INR10</title>
        <cusip>000000000</cusip>
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          <isin value="INE377N01017"/>
          <ticker value="WAAREEE"/>
          <other otherDesc="SEDOL" value="BSFVC74"/>
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        <balance>201.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Poonawalla Fincorp Ltd</name>
        <lei>335800JFD5CDCM4KVL41</lei>
        <title>Poonawalla Fincorp Ltd INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE511C01022"/>
          <ticker value="POONAWA"/>
          <other otherDesc="SEDOL" value="B084VN3"/>
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        <balance>705.00000000</balance>
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        <valUSD>3524.37000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IIFL Finance Ltd.</name>
        <lei>335800CZ46UJRS34JR78</lei>
        <title>IIFL Finance Ltd. INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE530B01024"/>
          <ticker value="IIFL"/>
          <other otherDesc="SEDOL" value="B0838V7"/>
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        <balance>492.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Tata Communications LTD</name>
        <lei>3358004PBWAYF65RLI81</lei>
        <title>Tata Communications LTD INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE151A01013"/>
          <ticker value="TCOM"/>
          <other otherDesc="SEDOL" value="6114745"/>
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        <balance>249.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Maruti Suzuki India Ltd.</name>
        <lei>335800D27PBEESKKD357</lei>
        <title>Maruti Suzuki India Ltd. INR5</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE585B01010"/>
          <ticker value="MSIL"/>
          <other otherDesc="SEDOL" value="6633712"/>
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        <balance>285.00000000</balance>
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        <pctVal>0.974390217758</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Uti Asset Management Co Ltd.</name>
        <lei>335800IDIB9I5HRFZP97</lei>
        <title>Uti Asset Management Co Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE094J01016"/>
          <ticker value="UTIAM"/>
          <other otherDesc="SEDOL" value="BLF7820"/>
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        <balance>88.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>955.00000000</valUSD>
        <pctVal>0.019993478148</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Dr. Reddy's Laboratories Ltd.</name>
        <lei>335800OVDPY3DVZR2798</lei>
        <title>Dr. Reddy's Laboratories Ltd. INR1 (POST SUBD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE089A01031"/>
          <ticker value="DRRD"/>
          <other otherDesc="SEDOL" value="BQ2KJW4"/>
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        <balance>1329.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CG Power and Industrial Solns Ltd</name>
        <lei>335800KN5UTZKUZN2703</lei>
        <title>CG Power and Industrial Solns Ltd INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE067A01029"/>
          <ticker value="CGPOWER"/>
          <other otherDesc="SEDOL" value="B1B90H9"/>
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        <balance>1516.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dr Agarwal'S Health Care Ltd.</name>
        <lei>335800UD8NPTKDGOWP48</lei>
        <title>Dr Agarwal'S Health Care Ltd. INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE943P01029"/>
          <ticker value="AGARWAL"/>
          <other otherDesc="SEDOL" value="BPBM1Z1"/>
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        <pctVal>0.020997129815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Aptus Value Housing Finance India Limited</name>
        <lei>335800B5FZTE7UR3W714</lei>
        <title>Aptus Value Housing Finance India Limited INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE852O01025"/>
          <ticker value="APTUS"/>
          <other otherDesc="SEDOL" value="BL6L423"/>
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        <balance>572.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Lodha Developers Ltd.</name>
        <lei>254900B5QCN52ETNU557</lei>
        <title>Lodha Developers Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE670K01029"/>
          <ticker value="LODHA"/>
          <other otherDesc="SEDOL" value="BM9G370"/>
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        <balance>595.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
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        <pctVal>0.135313347838</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Titan Co Ltd.</name>
        <lei>549300RO9VJWPK37FE54</lei>
        <title>Titan Co Ltd. INR1</title>
        <cusip>000000000</cusip>
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          <isin value="INE280A01028"/>
          <ticker value="TTAN"/>
          <other otherDesc="SEDOL" value="6139340"/>
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        <balance>893.00000000</balance>
        <units>NS</units>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Aster Dm Healthcare Limited</name>
        <lei>335800TFWMBMRZEICW46</lei>
        <title>Aster Dm Healthcare Limited INR10</title>
        <cusip>000000000</cusip>
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          <isin value="INE914M01019"/>
          <ticker value="ASTERDM"/>
          <other otherDesc="SEDOL" value="BZ2YSF5"/>
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        <balance>478.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Supreme Industries Ltd. (The)</name>
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          <isin value="INE195A01028"/>
          <ticker value="SI"/>
          <other otherDesc="SEDOL" value="6136073"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>SUN Tv Network Ltd</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>ICICI Bank Ltd.</name>
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        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Birlasoft (India) Ltd</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Welspun Living Ltd.</name>
        <lei>335800A8GZ4VWQVNYI40</lei>
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        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LIC Housing Finance Ltd.</name>
        <lei>335800NFSMJ2ZKBCYP06</lei>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NHPC Ltd.</name>
        <lei>3358003ZPPTGWT595J46</lei>
        <title>NHPC Ltd. INR10</title>
        <cusip>000000000</cusip>
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          <other otherDesc="SEDOL" value="B233LP1"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Devyani International Ltd.</name>
        <lei>335800QL2YIWJ1DFK350</lei>
        <title>Devyani International Ltd. INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
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          <ticker value="DEVYANI"/>
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        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>1245.32000000</valUSD>
        <pctVal>0.026071495505</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Niva Bupa Health Insurance Co Ltd.</name>
        <lei>335800YR5ALVTOUNCU55</lei>
        <title>Niva Bupa Health Insurance Co Ltd. INR10.00</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE995S01015"/>
          <ticker value="NIVABUP"/>
          <other otherDesc="SEDOL" value="BZ76S12"/>
        </identifiers>
        <balance>1317.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>1087.03000000</valUSD>
        <pctVal>0.022757602671</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gramophone Co Of India Ltd</name>
        <lei>335800ALELBA1CG1E628</lei>
        <title>Gramophone Co Of India Ltd INR1(POST SUB DIV)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE979A01025"/>
          <ticker value="SARE"/>
          <other otherDesc="SEDOL" value="BLNM4L8"/>
        </identifiers>
        <balance>199.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>728.40000000</valUSD>
        <pctVal>0.015249475898</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mahanagar Gas Ltd</name>
        <lei>3358001GYZI2KS7FHN90</lei>
        <title>Mahanagar Gas Ltd INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE002S01010"/>
          <ticker value="MAHGL"/>
          <other otherDesc="SEDOL" value="BD04046"/>
        </identifiers>
        <balance>121.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>1622.36000000</valUSD>
        <pctVal>0.033965046291</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hyundai Motor India Ltd.</name>
        <lei>335800HWX9HKN9N12M74</lei>
        <title>Hyundai Motor India Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE0V6F01027"/>
          <ticker value="HYUNDAI"/>
          <other otherDesc="SEDOL" value="BR4TRD3"/>
        </identifiers>
        <balance>302.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>7188.15000000</valUSD>
        <pctVal>0.150488083719</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Craftsman Automation Ltd</name>
        <lei>335800Q4QC33YL9M8C65</lei>
        <title>Craftsman Automation Ltd INR100</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE00LO01017"/>
          <ticker value="CRAFTSM"/>
          <other otherDesc="SEDOL" value="BYWFSG2"/>
        </identifiers>
        <balance>26.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>2150.85000000</valUSD>
        <pctVal>0.045029290550</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jsw Infrastructure Ltd</name>
        <lei>3358003E3YFK92C9WX80</lei>
        <title>Jsw Infrastructure Ltd INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE880J01026"/>
          <ticker value="JSWINFR"/>
          <other otherDesc="SEDOL" value="BRJ9HQ1"/>
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        <balance>683.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>1912.90000000</valUSD>
        <pctVal>0.040047669476</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Delhivery Ltd.</name>
        <lei>335800CUQ1SBCH9TTH82</lei>
        <title>Delhivery Ltd. INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE148O01028"/>
          <ticker value="DELHIVE"/>
          <other otherDesc="SEDOL" value="BN7FZ69"/>
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        <balance>1135.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>5407.00000000</valUSD>
        <pctVal>0.113198676804</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VENTIVE HOSPITALITY LTD</name>
        <lei>335800XTC1XEOHYO3207</lei>
        <title>Ventive Hospitality Ltd. INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE781S01027"/>
          <ticker value="VENTIVE"/>
          <other otherDesc="SEDOL" value="BRT7721"/>
        </identifiers>
        <balance>78.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>595.61000000</valUSD>
        <pctVal>0.012469440335</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sundaram Finance Ltd.</name>
        <lei>335800QM6HEH82BEJY45</lei>
        <title>Sundaram Finance Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE660A01013"/>
          <ticker value="SUF"/>
          <other otherDesc="SEDOL" value="B0L4LR4"/>
        </identifiers>
        <balance>146.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>8841.73000000</valUSD>
        <pctVal>0.185106738794</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EID-Parry(India) Ltd</name>
        <lei>3358004ZRHS61EF74X68</lei>
        <title>EID-Parry(India) Ltd INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE126A01031"/>
          <ticker value="EID"/>
          <other otherDesc="SEDOL" value="B083S06"/>
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        <balance>219.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>2082.73000000</valUSD>
        <pctVal>0.043603158894</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Berger Paints India Ltd.</name>
        <lei>335800TNTIBFAWWUZD51</lei>
        <title>Berger Paints India Ltd. INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE463A01038"/>
          <ticker value="BRGR"/>
          <other otherDesc="SEDOL" value="BV8TBJ1"/>
        </identifiers>
        <balance>605.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>3033.10000000</valUSD>
        <pctVal>0.063499705310</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>R R Kabel Ltd .</name>
        <lei>3358009R2X3MLNJQ9B10</lei>
        <title>R R Kabel Ltd . INR5</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE777K01022"/>
          <ticker value="RRKABEL"/>
          <other otherDesc="SEDOL" value="BRJB0F7"/>
        </identifiers>
        <balance>69.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>1185.14000000</valUSD>
        <pctVal>0.024811592348</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ramkrishna Forgins Ltd.</name>
        <lei>335800DCYR2328NWUC07</lei>
        <title>Ramkrishna Forgins Ltd. INR2 POST SUB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE399G01023"/>
          <ticker value="RMKF"/>
          <other otherDesc="SEDOL" value="BP95CX7"/>
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        <balance>221.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>1340.44000000</valUSD>
        <pctVal>0.028062887800</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Shyam Metalics And Energy Ltd.</name>
        <lei>335800JWO762VAY1IE64</lei>
        <title>Shyam Metalics And Energy Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE810G01011"/>
          <ticker value="SHYAMME"/>
          <other otherDesc="SEDOL" value="BP6FHP7"/>
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        <balance>150.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>1418.45000000</valUSD>
        <pctVal>0.029696072334</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Glenmark Pharmaceuticals Ltd.</name>
        <lei>335800WKECZXIIT9GK20</lei>
        <title>Glenmark Pharmaceuticals Ltd. INR1.00</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE935A01035"/>
          <ticker value="GNP"/>
          <other otherDesc="SEDOL" value="6698755"/>
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        <balance>343.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>8055.82000000</valUSD>
        <pctVal>0.168653257735</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Jupiter Wagons Ltd</name>
        <lei>335800PX9J5F9GCI2X33</lei>
        <title>Jupiter Wagons Ltd INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE209L01016"/>
          <ticker value="JWL"/>
          <other otherDesc="SEDOL" value="B44LG20"/>
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        <balance>350.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>1027.96000000</valUSD>
        <pctVal>0.021520938007</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal Bank Ltd.</name>
        <lei>335800J8VWGE2HGWF417</lei>
        <title>Federal Bank Ltd. INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE171A01029"/>
          <ticker value="FB"/>
          <other otherDesc="SEDOL" value="BFT7KB7"/>
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        <balance>5453.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>17972.63000000</valUSD>
        <pctVal>0.376267419029</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dr. Lal PathLabs Ltd.</name>
        <lei>984500E8E9CY102B9718</lei>
        <title>Dr. Lal PathLabs Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE600L01024"/>
          <ticker value="DLPL"/>
          <other otherDesc="SEDOL" value="BYY2W03"/>
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        <balance>162.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>2492.78000000</valUSD>
        <pctVal>0.052187793150</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Motilal Oswal Financial Services Ltd</name>
        <lei>3358004GYYY6FUXX1P93</lei>
        <title>Motilal Oswal Financial Services Ltd INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE338I01027"/>
          <ticker value="MOFS"/>
          <other otherDesc="SEDOL" value="B233M14"/>
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        <balance>373.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>2973.09000000</valUSD>
        <pctVal>0.062243361202</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City Union Bank Limited</name>
        <lei>33580024M7FWA847JI64</lei>
        <title>City Union Bank Limited INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE491A01021"/>
          <ticker value="CUBK"/>
          <other otherDesc="SEDOL" value="6313940"/>
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        <balance>1686.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>5245.57000000</valUSD>
        <pctVal>0.109819046252</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Crompton Greaves Consumer Electricals Ltd.</name>
        <lei>335800DIIEEWMH3UDH51</lei>
        <title>Crompton Greaves Consumer Electricals Ltd. INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE299U01018"/>
          <ticker value="CROMPTO"/>
          <other otherDesc="SEDOL" value="BD87BS8"/>
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        <balance>1381.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>3914.11000000</valUSD>
        <pctVal>0.081944159953</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Punjab National Bank</name>
        <lei>335800LE3GBR6I412V82</lei>
        <title>Punjab National Bank INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE160A01022"/>
          <ticker value="PNB"/>
          <other otherDesc="SEDOL" value="BTDV035"/>
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        <balance>7793.00000000</balance>
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      <invstOrSec>
        <name>Happiest Minds Technologies Ltd</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>HDFC Asset Management Co Ltd.</name>
        <lei>3358002FLK8AK8WSEP31</lei>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KPR Mill Ltd</name>
        <lei>335800FO9PJG5CJ1BL81</lei>
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        <cusip>000000000</cusip>
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          <isin value="INE930H01031"/>
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          <other otherDesc="SEDOL" value="BMDP7V5"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ultratech Cement Ltd.</name>
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        <cusip>000000000</cusip>
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          <ticker value="UTCEM"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PG Electroplast Lt</name>
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        <title>PG Electroplast Lt INR1(POST SUBD)</title>
        <cusip>000000000</cusip>
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          <isin value="INE457L01029"/>
          <ticker value="PGEL"/>
          <other otherDesc="SEDOL" value="BRV4VB7"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Gillette India Ltd</name>
        <lei>3358002S2XZDSQKDGX30</lei>
        <title>Gillette India Ltd INR10</title>
        <cusip>000000000</cusip>
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          <isin value="INE322A01010"/>
          <ticker value="GILL"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Endurance Technologies Ltd.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ajanta Pharma Ltd.</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Bajaj Holdings &amp; Investment Ltd</name>
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        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>FSN E-Commerce Ventures Ltd.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Icici Lombard Gen Insurance Co Ltd</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>JSW Energy Ltd</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Sonata Software Ltd.</name>
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        <name>Samvardhana Motherson International ltd</name>
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        <name>JSW Steel Ltd.</name>
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        <assetCat>EC</assetCat>
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        <name>SRF Limited</name>
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        <name>Max Healthcare Institute Ltd.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <name>NBCC (India) Limited</name>
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        <assetCat>EC</assetCat>
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        <name>Reliance Industries Ltd.</name>
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        <name>Axis Bank Ltd.</name>
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        <invCountry>IN</invCountry>
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        <name>Apollo Hospitals Enterprise Ltd.</name>
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        <invCountry>IN</invCountry>
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      <invstOrSec>
        <name>Adani Enterprises Ltd.</name>
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          <ticker value="ADE"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Elecon Engineering</name>
        <lei>335800H65LT1IKZEIF87</lei>
        <title>Elecon Engineering INR1 (POST SUBD)</title>
        <cusip>000000000</cusip>
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          <isin value="INE205B01031"/>
          <ticker value="ELCN"/>
          <other otherDesc="SEDOL" value="BSWYQD0"/>
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        <balance>188.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Leela Palaces Hotels &amp; Resorts Ltd.</name>
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        <title>Leela Palaces Hotels &amp; Resorts Ltd. INR10</title>
        <cusip>000000000</cusip>
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          <isin value="INE0AQ201015"/>
          <ticker value="THELEEL"/>
          <other otherDesc="SEDOL" value="BVJ3TL0"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Dalmia Bharat Ltd.</name>
        <lei>335800Q2I12HTQ7ETZ32</lei>
        <title>Dalmia Bharat Ltd. INR2.00</title>
        <cusip>000000000</cusip>
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          <isin value="INE00R701025"/>
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          <other otherDesc="SEDOL" value="BFN2YR2"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Navin Fluorine International Ltd.</name>
        <lei>335800OVIUAAKYG44C59</lei>
        <title>Navin Fluorine International Ltd. INR2</title>
        <cusip>000000000</cusip>
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          <isin value="INE048G01026"/>
          <ticker value="NFIL"/>
          <other otherDesc="SEDOL" value="BF1BKG2"/>
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        <balance>86.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KEI Industries Ltd</name>
        <lei>335800UDWBC2AWPU7M56</lei>
        <title>KEI Industries Ltd INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE878B01027"/>
          <ticker value="KEII"/>
          <other otherDesc="SEDOL" value="B1L9PJ6"/>
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        <balance>141.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Rainbow Childrens Medicare Ltd.</name>
        <lei>894500O094S259NC7H64</lei>
        <title>Rainbow Childrens Medicare Ltd. INR10</title>
        <cusip>000000000</cusip>
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          <isin value="INE961O01016"/>
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          <other otherDesc="SEDOL" value="BNG3NL5"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sarda Energy And Minerals Limited</name>
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        <title>Sarda Energy And Minerals Limited INR1 (POST SPLIT)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE385C01021"/>
          <ticker value="SEML"/>
          <other otherDesc="SEDOL" value="BRZS5S0"/>
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        <balance>195.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Wipro Ltd.</name>
        <lei>335800IFS1IJHESG8362</lei>
        <title>Wipro Ltd. INR2</title>
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          <isin value="INE075A01022"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bikaji Foods International Ltd.</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Tata Power Co Ltd.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Gland Pharma Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Neuland Laboritie</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Aditya Birla Lifestyle Brands Ltd.</name>
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        <name>NMDC Steel Ltd.</name>
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        <name>ICICI Prudential Life Insurance Co Ltd.</name>
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        <name>Grasim Industries Ltd.</name>
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        <name>Cholamandalam Financial Holdings Ltd.</name>
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        <invCountry>IN</invCountry>
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        <name>Polycab India Limited</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Housing and Urban Development Corporation, Ltd.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Jyothy Labs Limited</name>
        <lei>335800CW6V6ALNNMCH73</lei>
        <title>Jyothy Labs Limited INR1</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Emami Ltd</name>
        <lei>335800CCQHJCDEUS7G90</lei>
        <title>Emami Ltd INR1</title>
        <cusip>000000000</cusip>
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          <ticker value="HMN"/>
          <other otherDesc="SEDOL" value="6741035"/>
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        <balance>418.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Multi Commodity Exchange Of India Ltd.</name>
        <lei>254900BTZEPM27IOAM68</lei>
        <title>Multi Commodity Exchange Of India Ltd. INR2(POST SUBD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE745G01043"/>
          <ticker value="MCX"/>
          <other otherDesc="SEDOL" value="BNBWQ85"/>
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        <balance>575.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kotak Mahindra Bank Ltd.</name>
        <lei>335800E6GTTXKHXE2I75</lei>
        <title>Kotak Mahindra Bank Ltd. INR1(POST SUBD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE237A01036"/>
          <ticker value="KMB"/>
          <other otherDesc="SEDOL" value="BNBX1W7"/>
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        <balance>16065.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UCO Bank</name>
        <lei>549300LJX4CMNFEQEJ54</lei>
        <title>UCO Bank INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE691A01018"/>
          <ticker value="UCO"/>
          <other otherDesc="SEDOL" value="6721792"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PTC Industries Limited</name>
        <lei>335800WHBPFCCRTAAO49</lei>
        <title>PTC Industries Limited INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE596F01018"/>
          <ticker value="PTCIL"/>
          <other otherDesc="SEDOL" value="BWBXV42"/>
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        <balance>13.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Godrej Consumer Products Ltd.</name>
        <lei>335800P4GUWLGZFK2D63</lei>
        <title>Godrej Consumer Products Ltd. INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE102D01028"/>
          <ticker value="GCPL"/>
          <other otherDesc="SEDOL" value="B1BDGY0"/>
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        <balance>851.00000000</balance>
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        <valUSD>11388.60000000</valUSD>
        <pctVal>0.238426937424</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>IPCA Laboratories Ltd.</name>
        <lei>33580069PZ8ZQVCDBC38</lei>
        <title>IPCA Laboratories Ltd. INR1 (POST SUBD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE571A01038"/>
          <ticker value="IPCA"/>
          <other otherDesc="SEDOL" value="BMX7Q69"/>
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        <balance>295.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Swiggy Ltd.</name>
        <lei>335800R11DC3QR7KH186</lei>
        <title>Swiggy Ltd. INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE00H001014"/>
          <ticker value="SWIGGY"/>
          <other otherDesc="SEDOL" value="BSF1LT9"/>
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        <balance>2803.00000000</balance>
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        <valUSD>9296.99000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Triveni Engineering &amp; Industries Ltd</name>
        <lei>335800FKS9LS8OYORP03</lei>
        <title>Triveni Engineering &amp; Industries Ltd INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE256C01024"/>
          <ticker value="TRE"/>
          <other otherDesc="SEDOL" value="B05N274"/>
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        <balance>233.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Muthoot Finance Ltd.</name>
        <lei>335800HAMJMBFL4RRF02</lei>
        <title>Muthoot Finance Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE414G01012"/>
          <ticker value="MUTH"/>
          <other otherDesc="SEDOL" value="B40MFF3"/>
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        <balance>227.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>8367.51000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NMDC Ltd.</name>
        <lei>335800IXHXOHQ7B2HP66</lei>
        <title>NMDC Ltd. INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE584A01023"/>
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          <other otherDesc="SEDOL" value="6148119"/>
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        <balance>7319.00000000</balance>
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        <valUSD>6575.95000000</valUSD>
        <pctVal>0.137671322125</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Elgi Equipment Ltd</name>
        <lei>335800SXTB7FFNWAF558</lei>
        <title>Elgi Equipment Ltd INR1</title>
        <cusip>000000000</cusip>
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          <isin value="INE285A01027"/>
          <ticker value="ELEQ"/>
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        <balance>459.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Anand Rathi Wealth Ltd.</name>
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        <cusip>000000000</cusip>
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          <other otherDesc="SEDOL" value="BP83HF9"/>
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        <balance>81.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>EIH Ltd</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Nuvoco Vistas Corporation Limited</name>
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        <title>Nuvoco Vistas Corporation Limited INR10</title>
        <cusip>000000000</cusip>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Olectra Greentech Ltd</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Deepak Nitrite Limited</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <name>Tech Mahindra Ltd.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <name>Adani Power Limited</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <name>Intellect Design Arena Ltd</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Welspun Corp Ltd</name>
        <lei>335800XKRIPYYRZNRQ31</lei>
        <title>Welspun Corp Ltd INR5</title>
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          <ticker value="WLCO"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Cholamandalam Investment &amp; Finance Co Ltd.</name>
        <lei>3358008DNPV45O4EII52</lei>
        <title>Cholamandalam Investment &amp; Finance Co Ltd. INR2</title>
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          <ticker value="CIFC"/>
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        <payoffProfile>Long</payoffProfile>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Torrent Pharmaceuticals Ltd.</name>
        <lei>335800NA6HK275RIJE13</lei>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Fertilizers &amp; Chem</name>
        <lei>335800ZP3D7KTO7NRR40</lei>
        <title>Fertilizers &amp; Chem INR10</title>
        <cusip>000000000</cusip>
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          <isin value="INE188A01015"/>
          <ticker value="FCT"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hindustan Zinc Ltd.</name>
        <lei>335800LB39TLJ8YTWM98</lei>
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          <ticker value="HZ"/>
          <other otherDesc="SEDOL" value="6139726"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Signatureglobal (India) Ltd.</name>
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          <isin value="INE903U01023"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bls International Services Ltd</name>
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        <cusip>000000000</cusip>
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          <isin value="INE153T01027"/>
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          <other otherDesc="SEDOL" value="BZ7PJ72"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Vishal Mega Mart Ltd.</name>
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          <isin value="INE01EA01019"/>
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          <other otherDesc="SEDOL" value="BSSDKB7"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>1</fairValLevel>
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        <name>JBChemicals &amp; Ph</name>
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          <isin value="INE572A01036"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tejas Networks Ltd</name>
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        <title>Tejas Networks Ltd INR10</title>
        <cusip>000000000</cusip>
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          <isin value="INE010J01012"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hfcl Ltd</name>
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        <cusip>000000000</cusip>
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          <isin value="INE548A01028"/>
          <ticker value="HMFC"/>
          <other otherDesc="SEDOL" value="6208411"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sjvn Ltd</name>
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        <cusip>000000000</cusip>
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          <isin value="INE002L01015"/>
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          <other otherDesc="SEDOL" value="B3Y50F6"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Pidilite Industries Ltd.</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ITC Hotels Ltd.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Union Bank of India</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Doms Industries Ltd.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>KEC International</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <name>Motherson Sumi Wiring India Ltd.</name>
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        <assetCat>EC</assetCat>
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        <name>Siemens India Ltd</name>
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        <name>HDFC Bank Ltd.</name>
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        <name>Power Finance Corp Ltd.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Swan Corp Ltd.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Firstsource Solutions Limited</name>
        <lei>335800UFBBNPDIZWQX32</lei>
        <title>Firstsource Solutions Limited INR10</title>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Glaxo Smithkline P</name>
        <lei>3358002TNSC1U2DWNY52</lei>
        <title>Glaxo Smithkline P INR10</title>
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          <isin value="INE159A01016"/>
          <ticker value="GLXO"/>
          <other otherDesc="SEDOL" value="6117982"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sobha Limited</name>
        <lei>3358009VFP3MXXLJDN54</lei>
        <title>Sobha Limited INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE671H01015"/>
          <ticker value="SOBHA"/>
          <other otherDesc="SEDOL" value="B1BL581"/>
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        <balance>95.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>V-Guard Industries Limited</name>
        <lei>335800RBKKI8JBTJ7695</lei>
        <title>V-Guard Industries Limited INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE951I01027"/>
          <ticker value="VGRD"/>
          <other otherDesc="SEDOL" value="BD0F6Q3"/>
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        <balance>393.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DCM Shriram Ltd</name>
        <lei>335800SU1CJ59TE5RJ45</lei>
        <title>DCM Shriram Ltd INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE499A01024"/>
          <ticker value="DCMS"/>
          <other otherDesc="SEDOL" value="B0LR6C3"/>
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        <balance>85.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JK Tyre &amp; Industries Ltd.</name>
        <lei>33580099JDMRD3G39P82</lei>
        <title>JK Tyre &amp; Industries Ltd. INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE573A01042"/>
          <ticker value="JKI"/>
          <other otherDesc="SEDOL" value="BTGN050"/>
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        <balance>262.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Biocon Ltd.</name>
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        <title>Biocon Ltd. INR5</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE376G01013"/>
          <ticker value="BIOS"/>
          <other otherDesc="SEDOL" value="6741251"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INOX Wind Limited</name>
        <lei>335800JZWDBRD7XG2Z98</lei>
        <title>INOX Wind Limited INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE066P01011"/>
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          <other otherDesc="SEDOL" value="BWFGTS7"/>
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        <balance>2046.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>L&amp;T Finance Ltd.</name>
        <lei>335800XGURT7JWGYNB41</lei>
        <title>L&amp;T Finance Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE498L01015"/>
          <ticker value="LTF"/>
          <other otherDesc="SEDOL" value="B5KYHQ1"/>
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        <balance>1873.00000000</balance>
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        <pctVal>0.122387302520</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Vardhman Textiles Ltd</name>
        <lei>335800IFKRZHE2RKM206</lei>
        <title>Vardhman Textiles Ltd INR2.00 (POST SUB DIV)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE825A01020"/>
          <ticker value="VTEX"/>
          <other otherDesc="SEDOL" value="BMFCZG5"/>
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        <balance>227.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nestle India Ltd.</name>
        <lei>3358008SYYY9CPWH5D94</lei>
        <title>Nestle India Ltd. INR1(POST SUB)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE239A01024"/>
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          <other otherDesc="SEDOL" value="BQB8GH3"/>
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        <balance>1553.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PVR INOX Ltd.</name>
        <lei>335800NR78RUVFDE4L48</lei>
        <title>PVR INOX Ltd. INR10</title>
        <cusip>000000000</cusip>
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          <isin value="INE191H01014"/>
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          <other otherDesc="SEDOL" value="B0LX4M7"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tata Chemicals Ltd.</name>
        <lei>335800H6MURUA6FBOW17</lei>
        <title>Tata Chemicals Ltd. INR10</title>
        <cusip>000000000</cusip>
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          <isin value="INE092A01019"/>
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        <balance>335.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UPL Ltd.</name>
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        <title>UPL Ltd. INR2</title>
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        <balance>1204.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Bata India Ltd.</name>
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        <title>Bata India Ltd. INR5</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Aadhar Housing Finance Ltd.</name>
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        <cusip>000000000</cusip>
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          <other otherDesc="SEDOL" value="BSRJP77"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Uno Minda Ltd.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Honeywell Auto Ind</name>
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        <title>Honeywell Auto Ind INR10</title>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Dabur India Ltd.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Maharashtra Scoot</name>
        <lei>335800ROTYSJXSJL9M31</lei>
        <title>Maharashtra Scoot INR10</title>
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          <other otherDesc="SEDOL" value="6567684"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Bharat Electronics Ltd.</name>
        <lei>335800HS8AOTM9W1F335</lei>
        <title>Bharat Electronics Ltd. INR1</title>
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          <ticker value="BHE"/>
          <other otherDesc="SEDOL" value="BF1THH6"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Aditya Birla Fashion &amp; Retail Ltd.</name>
        <lei>335800HSKHHOD8FD3O29</lei>
        <title>Aditya Birla Fashion &amp; Retail Ltd. INR10</title>
        <cusip>000000000</cusip>
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          <ticker value="ABFRL"/>
          <other otherDesc="SEDOL" value="B86PGH3"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bandhan Bank Ltd.</name>
        <lei>335800Q13QAC32IOCH33</lei>
        <title>Bandhan Bank Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE545U01014"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Avenue Supermarts Ltd.</name>
        <lei>335800B2ZPJKOU2ZM776</lei>
        <title>Avenue Supermarts Ltd. INR10</title>
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          <isin value="INE192R01011"/>
          <ticker value="DMART"/>
          <other otherDesc="SEDOL" value="BYW1G33"/>
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        <balance>311.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>CCL Products(Ind)</name>
        <lei>3358004YMWO3ILPLLM24</lei>
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        <cusip>000000000</cusip>
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          <isin value="INE421D01022"/>
          <ticker value="CCLP"/>
          <other otherDesc="SEDOL" value="BD3B130"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Garden Reach Shipbuilders &amp; Engineers Limited</name>
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          <isin value="INE382Z01011"/>
          <ticker value="GRSE"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>3M India Ltd</name>
        <lei>25490097AWWG536G0N08</lei>
        <title>3M India Ltd INR10</title>
        <cusip>000000000</cusip>
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          <isin value="INE470A01017"/>
          <ticker value="3M"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Reliance Power Ltd.</name>
        <lei>335800D1QMGOF93XZU85</lei>
        <title>Reliance Power Ltd. INR10</title>
        <cusip>000000000</cusip>
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          <isin value="INE614G01033"/>
          <ticker value="RPWR"/>
          <other otherDesc="SEDOL" value="B2NP5J9"/>
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        <balance>6070.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sai Lifesciences Ltd.</name>
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        <title>Sai Lifesciences Ltd. INR1</title>
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        <identifiers>
          <isin value="INE570L01029"/>
          <ticker value="SAILIFE"/>
          <other otherDesc="SEDOL" value="BSSDKD9"/>
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        <balance>213.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Maharashtra Seamless Ltd.</name>
        <lei>3358005CN9WUZJFMHV66</lei>
        <title>Maharashtra Seamless Ltd. INR5</title>
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          <isin value="INE271B01025"/>
          <ticker value="MHS"/>
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        <balance>115.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mazagon Dock Shipbuilders Ltd</name>
        <lei>335800UWDDBKMF92JF96</lei>
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        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE249Z01020"/>
          <ticker value="MAZDOCK"/>
          <other otherDesc="SEDOL" value="BS6Y1L9"/>
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        <balance>186.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Astral Ltd</name>
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        <title>Astral Ltd INR1</title>
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          <isin value="INE006I01046"/>
          <ticker value="ASTRA"/>
          <other otherDesc="SEDOL" value="BR2NB24"/>
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        <balance>261.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Carborundum Universal Limited</name>
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          <isin value="INE120A01034"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Mahindra &amp; Mahindra Ltd.</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ceat Ltd</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sagility Ltd.</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Britannia Industries Ltd.</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Authum Inv &amp; Infra Ltd</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HCL Technologies Ltd.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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      <invstOrSec>
        <name>PB Fintech Ltd.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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      <invstOrSec>
        <name>Hitachi Energy India Limited</name>
        <lei>549300ASJQYQLII9F213</lei>
        <title>Hitachi Energy India Limited INR2</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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      <invstOrSec>
        <name>Jio Financial Services Ltd.</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Indian Railway Finance Corp Ltd.</name>
        <lei>335800F2JHSOGXQEBY56</lei>
        <title>Indian Railway Finance Corp Ltd. INR10</title>
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          <ticker value="IRFC"/>
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        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Newgen Software Technologies Limited</name>
        <lei>335800WRTIML8UTR8X82</lei>
        <title>Newgen Software Technologies Limited INR10</title>
        <cusip>000000000</cusip>
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          <ticker value="NEWGEN"/>
          <other otherDesc="SEDOL" value="BG06NL1"/>
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        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>749.34000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Can Fin Homes Ltd.</name>
        <lei>335800EJ9Y3XDP5ZDH81</lei>
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        <cusip>000000000</cusip>
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          <isin value="INE477A01020"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NLC India Limited</name>
        <lei>335800ZUJIL59GOZUW75</lei>
        <title>NLC India Limited INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE589A01014"/>
          <ticker value="NLC"/>
          <other otherDesc="SEDOL" value="6374895"/>
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        <balance>693.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Blue Star Ltd.</name>
        <lei>335800CWJUVEKQ1TE879</lei>
        <title>Blue Star Ltd. INR2</title>
        <cusip>000000000</cusip>
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          <isin value="INE472A01039"/>
          <ticker value="BLSTR"/>
          <other otherDesc="SEDOL" value="B1FDHG5"/>
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        <balance>300.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Indian Railway Catering And Tourism Corporation Limited</name>
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        <title>Indian Railway Catering And Tourism Corporation Limited INR2 (POST SUB/DIV)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE335Y01020"/>
          <ticker value="IRCTC"/>
          <other otherDesc="SEDOL" value="BL6C482"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JK Cements Ltd</name>
        <lei>335800IECEF3EIDGF809</lei>
        <title>JK Cements Ltd INR10</title>
        <cusip>000000000</cusip>
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          <isin value="INE823G01014"/>
          <ticker value="JKCE"/>
          <other otherDesc="SEDOL" value="B0CJ800"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Amber Enterprises India Limited</name>
        <lei>3358009JZU4XT3666G06</lei>
        <title>Amber Enterprises India Limited INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE371P01015"/>
          <ticker value="AMBER"/>
          <other otherDesc="SEDOL" value="BDDX4S2"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Havells India Ltd.</name>
        <lei>549300U1LOGHTTNT7D47</lei>
        <title>Havells India Ltd. INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE176B01034"/>
          <ticker value="HAVL"/>
          <other otherDesc="SEDOL" value="BQGZWP9"/>
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        <balance>533.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Indian Energy Exchange Ltd</name>
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        <title>Indian Energy Exchange Ltd INR1(POST SUBDIVISION)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE022Q01020"/>
          <ticker value="IEX"/>
          <other otherDesc="SEDOL" value="BGLRNT1"/>
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        <balance>1682.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ce Info Systems Limited</name>
        <lei>984500646EO8AC88C889</lei>
        <title>Ce Info Systems Limited INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE0BV301023"/>
          <ticker value="MAPMYIN"/>
          <other otherDesc="SEDOL" value="BNSMZ69"/>
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        <balance>49.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Brigade Enterprises Ltd.</name>
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        <title>Brigade Enterprises Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE791I01019"/>
          <ticker value="BRGD"/>
          <other otherDesc="SEDOL" value="B29ZGD4"/>
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        <balance>295.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Adani Ports And Special Economic Zone Ltd.</name>
        <lei>335800QOAXP5TM7OYP69</lei>
        <title>Adani Ports And Special Economic Zone Ltd. LIMITED</title>
        <cusip>000000000</cusip>
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          <isin value="INE742F01042"/>
          <ticker value="ADSEZ"/>
          <other otherDesc="SEDOL" value="B28XXH2"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Triveni Turbine Ltd.</name>
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        <title>Triveni Turbine Ltd. INR1</title>
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          <ticker value="TRIV"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Schneider Electric Infrastructure Ltd.</name>
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          <other otherDesc="SEDOL" value="B73XF87"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Granules India Ltd.</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <name>Star Health &amp; Allied Insurance Co Ltd.</name>
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        <assetCat>EC</assetCat>
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        <name>Adani Energy Solutions Ltd.</name>
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        <name>Kirloskar Brothers Limited</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <name>Hindustan Copper Limited</name>
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        <title>Hindustan Copper Limited INR5(DEMAT)</title>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <name>Wockhardt Ltd</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <name>Bank Of Maharashtra</name>
        <lei>3358006F5LXCNN65HW12</lei>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>NTPC Green Energy Ltd.</name>
        <lei>335800AMQJOQ1FL3NH90</lei>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Ashok Leyland Ltd.</name>
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        <name>International Gemmological Institute India Pvt Ltd.</name>
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        <name>AU Small Finance Bank Ltd.</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hexaware Technologies Ltd.</name>
        <lei>335800ZHALNQ1Q2JCP43</lei>
        <title>Hexaware Technologies Ltd. INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE093A01041"/>
          <ticker value="HEXT"/>
          <other otherDesc="SEDOL" value="BQ98501"/>
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        <balance>281.00000000</balance>
        <units>NS</units>
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        <valUSD>1462.51000000</valUSD>
        <pctVal>0.030618493954</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Asian Paints Ltd.</name>
        <lei>335800HEHXGYRUNERD75</lei>
        <title>Asian Paints Ltd. INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE021A01026"/>
          <ticker value="APNT"/>
          <other otherDesc="SEDOL" value="BCRWL65"/>
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        <balance>983.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>25674.88000000</valUSD>
        <pctVal>0.537518484022</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>The Jammu And Kashmir Bank Limited</name>
        <lei>3358003EPKRYNVG21Y80</lei>
        <title>The Jammu And Kashmir Bank Limited INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE168A01041"/>
          <ticker value="JKBK"/>
          <other otherDesc="SEDOL" value="BQQF4T7"/>
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        <balance>1555.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>2074.84000000</valUSD>
        <pctVal>0.043437977174</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Gujarat State Petronet Limited</name>
        <lei>335800J69QRMS7KSSR96</lei>
        <title>Gujarat State Petronet Limited INR10(DEMAT)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE246F01010"/>
          <ticker value="GUJS"/>
          <other otherDesc="SEDOL" value="B0YVBS3"/>
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        <balance>609.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>2040.01000000</valUSD>
        <pctVal>0.042708790950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CreditAccess Grameen Limited</name>
        <lei>335800YHFDVKKBDQMK23</lei>
        <title>CreditAccess Grameen Limited INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE741K01010"/>
          <ticker value="CREDAG"/>
          <other otherDesc="SEDOL" value="BYVKG53"/>
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        <balance>114.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>1585.39000000</valUSD>
        <pctVal>0.033191057928</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Exide Industries Ltd.</name>
        <lei>335800X6SNGIZCBA9V34</lei>
        <title>Exide Industries Ltd. INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE302A01020"/>
          <ticker value="EXID"/>
          <other otherDesc="SEDOL" value="B1D3ZC9"/>
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        <balance>972.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>3571.70000000</valUSD>
        <pctVal>0.074775608274</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SBI Cards &amp; Payment Services Ltd.</name>
        <lei>335800HN4Y9OTCFH4236</lei>
        <title>SBI Cards &amp; Payment Services Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE018E01016"/>
          <ticker value="SBICARD"/>
          <other otherDesc="SEDOL" value="BKPFMG9"/>
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        <balance>634.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>5396.68000000</valUSD>
        <pctVal>0.112982621626</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Capri Global Capital Ltd</name>
        <lei>335800TK9VGT1V3HMK74</lei>
        <title>Capri Global Capital Ltd INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE180C01042"/>
          <ticker value="CGCL"/>
          <other otherDesc="SEDOL" value="BRC7ZW4"/>
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        <balance>820.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>1439.25000000</valUSD>
        <pctVal>0.030131532382</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>InterGlobe Aviation Ltd.</name>
        <lei>33580079R8SLLO23XD19</lei>
        <title>InterGlobe Aviation Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE646L01027"/>
          <ticker value="INDIGO"/>
          <other otherDesc="SEDOL" value="BYYZ7D0"/>
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        <balance>474.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>25150.44000000</valUSD>
        <pctVal>0.526539028860</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>IndiaMART InterMESH Ltd.</name>
        <lei>335800VCSXC76EXLSH68</lei>
        <title>IndiaMART InterMESH Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE933S01016"/>
          <ticker value="INMART"/>
          <other otherDesc="SEDOL" value="BKDX4P8"/>
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        <balance>65.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>1523.25000000</valUSD>
        <pctVal>0.031890121036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OIL India Ltd.</name>
        <lei>335800XXEP14XISP1A16</lei>
        <title>OIL India Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE274J01014"/>
          <ticker value="OINL"/>
          <other otherDesc="SEDOL" value="B409HQ9"/>
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        <balance>1155.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>6143.41000000</valUSD>
        <pctVal>0.128615846692</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Praj Industries Ltd.</name>
        <lei>335800REA5D98T7WI642</lei>
        <title>Praj Industries Ltd. INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE074A01025"/>
          <ticker value="PRJ"/>
          <other otherDesc="SEDOL" value="B0FHS89"/>
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        <balance>266.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>929.63000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Divis Laboratories Ltd.</name>
        <lei>335800C1DHFG1C9T1M03</lei>
        <title>Divis Laboratories Ltd. INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE361B01024"/>
          <ticker value="DIVI"/>
          <other otherDesc="SEDOL" value="6602518"/>
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        <balance>276.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>19441.84000000</valUSD>
        <pctVal>0.407026181365</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bank of India Ltd.</name>
        <lei>21380058KMSRJIL8C294</lei>
        <title>Bank of India Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE084A01016"/>
          <ticker value="BOI"/>
          <other otherDesc="SEDOL" value="6099789"/>
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        <balance>2973.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>5753.11000000</valUSD>
        <pctVal>0.120444690125</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Aegis Vopak Terminals Ltd.</name>
        <lei>33580056EL2XLHYRB780</lei>
        <title>Aegis Vopak Terminals Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE0INX01018"/>
          <ticker value="AEGISVO"/>
          <other otherDesc="SEDOL" value="BSTQV12"/>
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        <balance>296.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>742.05000000</valUSD>
        <pctVal>0.015535246554</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cyient Limited</name>
        <lei>335800MJOXTUJ22Y4T72</lei>
        <title>Cyient Limited INR5</title>
        <cusip>000000000</cusip>
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          <isin value="INE136B01020"/>
          <ticker value="CYL"/>
          <other otherDesc="SEDOL" value="B19HGC2"/>
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        <balance>180.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Persistent Systems Ltd.</name>
        <lei>3358006QYD77Z66S1J89</lei>
        <title>Persistent Systems Ltd. INR5(POST SUBD)</title>
        <cusip>000000000</cusip>
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          <ticker value="PSYS"/>
          <other otherDesc="SEDOL" value="BLC87W9"/>
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        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
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        <pctVal>0.254864507443</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SBFC Finance Ltd.</name>
        <lei>335800DFBB12VIKCJ366</lei>
        <title>SBFC Finance Ltd. INR10</title>
        <cusip>000000000</cusip>
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          <other otherDesc="SEDOL" value="BRBFRW3"/>
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        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Eclerx Services Li</name>
        <lei>335800AL5EIRPWHMSY54</lei>
        <title>Eclerx Services Li INR10</title>
        <cusip>000000000</cusip>
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          <isin value="INE738I01010"/>
          <ticker value="ECLX"/>
          <other otherDesc="SEDOL" value="B29NPW0"/>
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        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>1569.18000000</valUSD>
        <pctVal>0.032851692189</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>IDFC First Bank Ltd.</name>
        <lei>335800SBNAPYVT1D2K13</lei>
        <title>IDFC First Bank Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE092T01019"/>
          <ticker value="IDFCFB"/>
          <other otherDesc="SEDOL" value="BYWZNK1"/>
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        <balance>14701.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>11873.75000000</valUSD>
        <pctVal>0.248583833679</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Action Construction Equipments Ltd.</name>
        <lei>335800E2SPJUKN6OTB20</lei>
        <title>Action Construction Equipments Ltd. INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE731H01025"/>
          <ticker value="ACCE"/>
          <other otherDesc="SEDOL" value="B131PK1"/>
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        <balance>113.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>1098.87000000</valUSD>
        <pctVal>0.023005479929</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cochin Shipyard Limited</name>
        <lei>3358006BM5LULPW8CY42</lei>
        <title>Cochin Shipyard Limited INR5</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE704P01025"/>
          <ticker value="COCHIN"/>
          <other otherDesc="SEDOL" value="BRXJW17"/>
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        <balance>180.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>2951.39000000</valUSD>
        <pctVal>0.061789059133</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Info Edge (India) Ltd.</name>
        <lei>335800MXUVHTBF9DEC78</lei>
        <title>Info Edge (India) Ltd. INR2(POST SUBD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE663F01032"/>
          <ticker value="INFOE"/>
          <other otherDesc="SEDOL" value="BTJVLJ2"/>
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        <balance>856.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>9687.56000000</valUSD>
        <pctVal>0.202814679760</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Amara Raja Energy &amp; Mobility Ltd.</name>
        <lei>335800PV7RRC72PLCG19</lei>
        <title>Amara Raja Energy &amp; Mobility Ltd. INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE885A01032"/>
          <ticker value="ARENM"/>
          <other otherDesc="SEDOL" value="B8BGVX2"/>
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        <balance>260.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>2414.77000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Alembic Pharmaceuticals ltd</name>
        <lei>335800PM173KNG818V30</lei>
        <title>Alembic Pharmaceuticals ltd INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE901L01018"/>
          <ticker value="ALPM"/>
          <other otherDesc="SEDOL" value="B691276"/>
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        <balance>120.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>938.09000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Alok Industries Limited</name>
        <lei>335800HCFXEI9W3SM133</lei>
        <title>Alok Industries Limited INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE270A01029"/>
          <ticker value="ALOK"/>
          <other otherDesc="SEDOL" value="BKV0R07"/>
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        <balance>3500.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>550.14000000</valUSD>
        <pctVal>0.011517499548</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Century Plyboards India Ltd.</name>
        <lei>335800VGFE3IXOJPGY57</lei>
        <title>Century Plyboards India Ltd. INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE348B01021"/>
          <ticker value="CPBI"/>
          <other otherDesc="SEDOL" value="B03KTQ5"/>
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        <balance>130.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>1050.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Prestige Estate Projects Ltd.</name>
        <lei>335800HHEBP52VZLTU94</lei>
        <title>Prestige Estate Projects Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE811K01011"/>
          <ticker value="PEPL"/>
          <other otherDesc="SEDOL" value="B4T3LF9"/>
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        <balance>357.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
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        <pctVal>0.114439528584</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bosch Ltd.</name>
        <lei>3358008TVK7S8BSVVW82</lei>
        <title>Bosch Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE323A01026"/>
          <ticker value="BOS"/>
          <other otherDesc="SEDOL" value="B01NFV3"/>
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        <balance>18.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>7206.83000000</valUSD>
        <pctVal>0.150879160339</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ksb Ltd</name>
        <lei>335800FDYJZZ3VY9TD41</lei>
        <title>Ksb Ltd INR2 (POST SUBD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE999A01023"/>
          <ticker value="KSB"/>
          <other otherDesc="SEDOL" value="BNG2BF2"/>
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        <balance>167.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>1413.90000000</valUSD>
        <pctVal>0.029600815449</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Godrej Properties Ltd.</name>
        <lei>335800KM3Y5NZWXOE183</lei>
        <title>Godrej Properties Ltd. INR5</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE484J01027"/>
          <ticker value="GPL"/>
          <other otherDesc="SEDOL" value="BGQL729"/>
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        <balance>319.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>6069.60000000</valUSD>
        <pctVal>0.127070591590</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HBL Engineering Ltd.</name>
        <lei>335800TCS594SBXTZH80</lei>
        <title>HBL Engineering Ltd. INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE292B01021"/>
          <ticker value="HBLENGI"/>
          <other otherDesc="SEDOL" value="B03D005"/>
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        <balance>238.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>1791.35000000</valUSD>
        <pctVal>0.037502949823</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Eternal Ltd.</name>
        <lei>335800T4VOF9ETHF8W59</lei>
        <title>Eternal Ltd. INR1.00</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE758T01015"/>
          <ticker value="ETERNAL"/>
          <other otherDesc="SEDOL" value="BL6P210"/>
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        <balance>15500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>41963.15000000</valUSD>
        <pctVal>0.878522850849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bajaj Finserv Ltd</name>
        <lei>3358001EH4I4IDMGQ326</lei>
        <title>Bajaj Finserv Ltd INR1 (POST SUB)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE918I01026"/>
          <ticker value="BJFIN"/>
          <other otherDesc="SEDOL" value="BMTWGK2"/>
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        <balance>1237.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>27104.17000000</valUSD>
        <pctVal>0.567441498036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Jyoti Cnc Automation Ltd.</name>
        <lei>335800QTPXPMUX9DFI48</lei>
        <title>Jyoti Cnc Automation Ltd. INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE980O01024"/>
          <ticker value="JYOTICN"/>
          <other otherDesc="SEDOL" value="BRXJDQ9"/>
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        <balance>182.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>1641.33000000</valUSD>
        <pctVal>0.034362194229</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Lemon Tree Hotels Limited</name>
        <lei>335800QFBWIUBBCRJN72</lei>
        <title>Lemon Tree Hotels Limited INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE970X01018"/>
          <ticker value="LEMONTR"/>
          <other otherDesc="SEDOL" value="BF2LSQ7"/>
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        <balance>1073.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
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        <pctVal>0.028067493627</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PCBL Chemical Ltd.</name>
        <lei>335800I8VXFCCF21IB24</lei>
        <title>PCBL Chemical Ltd. INR1 (POST SUB)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE602A01031"/>
          <ticker value="PCBL"/>
          <other otherDesc="SEDOL" value="BNHWKG5"/>
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        <balance>375.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
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        <pctVal>0.026699772237</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Concord Biotech Ltd.</name>
        <lei>335800FBIZZTLAXLXZ73</lei>
        <title>Concord Biotech Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE338H01029"/>
          <ticker value="CONCORD"/>
          <other otherDesc="SEDOL" value="BQ7YLD6"/>
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        <balance>70.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
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        <pctVal>0.019662067929</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Brainbees Solutions Ltd.</name>
        <lei>984500FBE5B11U0E8846</lei>
        <title>Brainbees Solutions Ltd. INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE02RE01045"/>
          <ticker value="FIRSTCR"/>
          <other otherDesc="SEDOL" value="BSWT6T1"/>
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        <balance>471.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
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        <pctVal>0.023563413115</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Reliance Infrastructure Ltd.</name>
        <lei>3358004TN6DP229EDA32</lei>
        <title>Reliance Infrastructure Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE036A01016"/>
          <ticker value="RELI"/>
          <other otherDesc="SEDOL" value="6099853"/>
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        <balance>610.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>606.00000000</valUSD>
        <pctVal>0.012686961003</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NTPC Ltd.</name>
        <lei>335800Q4TRGJXNLVMB81</lei>
        <title>NTPC Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE733E01010"/>
          <ticker value="NTPC"/>
          <other otherDesc="SEDOL" value="B037HF1"/>
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        <balance>10248.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>43019.04000000</valUSD>
        <pctVal>0.900628519584</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Procter &amp; Gamble Hygiene &amp; Health Care Limited</name>
        <lei>335800NLDWOEI66HEE70</lei>
        <title>Procter &amp; Gamble Hygiene &amp; Health Care Limited INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE179A01014"/>
          <ticker value="PG"/>
          <other otherDesc="SEDOL" value="6135995"/>
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        <balance>20.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>2495.38000000</valUSD>
        <pctVal>0.052242225656</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Afcons Infrastructure Limited</name>
        <lei>335800OKAQF4E62NHB43</lei>
        <title>Afcons Infrastructure Limited INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE101I01011"/>
          <ticker value="AFCONS"/>
          <other otherDesc="SEDOL" value="BQPFYZ4"/>
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        <balance>318.00000000</balance>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Great Eastern Shipping Co Ltd</name>
        <lei>335800GJP7MSMX3Z3727</lei>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Adani Green Energy Ltd.</name>
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        <title>Adani Green Energy Ltd. INR10</title>
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          <isin value="INE364U01010"/>
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          <other otherDesc="SEDOL" value="BD6H7M6"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tube Investments Of India Ltd.</name>
        <lei>335800Z8CKZ11SGVKE64</lei>
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          <isin value="INE974X01010"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Radico Khaitan Ltd</name>
        <lei>335800P7T5DW332M7E19</lei>
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        <cusip>000000000</cusip>
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          <isin value="INE944F01028"/>
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          <other otherDesc="SEDOL" value="B0VY3T0"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Eris Lifesciences Ltd</name>
        <lei>33580023SPXBP9PCKQ56</lei>
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        <cusip>000000000</cusip>
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          <isin value="INE406M01024"/>
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          <other otherDesc="SEDOL" value="BYXKYT1"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bajaj Finance Ltd.</name>
        <lei>335800YTEXC3DO4Z6F68</lei>
        <title>Bajaj Finance Ltd. INR1(POST SUBD)</title>
        <cusip>000000000</cusip>
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          <isin value="INE296A01032"/>
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          <other otherDesc="SEDOL" value="BTFGH15"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Piramal Pharma Limited</name>
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        <cusip>000000000</cusip>
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          <isin value="INE0DK501011"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Five Star Business Finance Ltd</name>
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        <cusip>000000000</cusip>
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          <isin value="INE128S01021"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tata Investment</name>
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        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE672A01026"/>
          <ticker value="TATAINV"/>
          <other otherDesc="SEDOL" value="BW2FS57"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Jubilant FoodWorks Ltd.</name>
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          <isin value="INE797F01020"/>
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          <other otherDesc="SEDOL" value="BNVYT93"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Chalet Hotels Limited</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Petronet LNG Ltd.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Linde India Ltd</name>
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        <assetCat>EC</assetCat>
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        <name>Bharat Petroleum Corp Ltd.</name>
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        <name>Redington Ltd.</name>
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        <assetCat>EC</assetCat>
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        <name>Tata Consultancy Services Ltd.</name>
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        <name>Tata Motors Passenger Vehicles Ltd.</name>
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        <name>Vijaya Diagnostic Centre Ltd.</name>
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        <name>Beml Ltd</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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      <invstOrSec>
        <name>Mankind Pharma Ltd.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>TATA Consumer Products Ltd.</name>
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        <title>TATA Consumer Products Ltd. INR1(100%DEMAT)</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Hero Motocorp Ltd.</name>
        <lei>335800Q49FBMZJTRLK49</lei>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Dixon Technologies (India) Pvt Ltd</name>
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          <isin value="INE935N01020"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Deepak Fertilisers and Petrochemicals Corp Ltd</name>
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        <title>Deepak Fertilisers and Petrochemicals Corp Ltd INR10</title>
        <cusip>000000000</cusip>
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          <isin value="INE501A01019"/>
          <ticker value="DFPC"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Escorts Kubota Ltd.</name>
        <lei>335800FPEJC7WFBUBF07</lei>
        <title>Escorts Kubota Ltd. INR10</title>
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          <isin value="INE042A01014"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Mahindra &amp; Mahindra Financial Services Ltd.</name>
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          <isin value="INE774D01024"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Trident Ltd.</name>
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        <title>Trident Ltd. INR1 (POST SUB/DIV)</title>
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          <isin value="INE064C01022"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GE Vernova T&amp;D India Ltd.</name>
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        <title>GE Vernova T&amp;D India Ltd. INR2</title>
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          <isin value="INE200A01026"/>
          <ticker value="GVTD"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Central Bank of India</name>
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        <title>Central Bank of India INR10</title>
        <cusip>000000000</cusip>
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          <isin value="INE483A01010"/>
          <ticker value="CBOI"/>
          <other otherDesc="SEDOL" value="B236VP0"/>
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        <balance>2627.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Minda Corp Ltd</name>
        <lei>335800VFUI1QAYGOYK17</lei>
        <title>Minda Corp Ltd INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE842C01021"/>
          <ticker value="MDA"/>
          <other otherDesc="SEDOL" value="BV7KKK9"/>
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        <balance>176.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Reliance Industries Ltd.</name>
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        <title>Reliance Industries Ltd. INR10(100%DEMAT)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE002A01018"/>
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          <other otherDesc="SEDOL" value="6099626"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Premier Energies Ltd.</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ola Electric Mobility Ltd.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Sona BLW Precision Forgings Ltd.</name>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Steel Authority of India Ltd.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Godawari Power And Ispat Limited</name>
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        <invCountry>IN</invCountry>
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        <name>Patanjali Foods Ltd.</name>
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        <name>Sundram Fastners Limited</name>
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        <invCountry>IN</invCountry>
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        <name>Shipping Cp India</name>
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        <invCountry>IN</invCountry>
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        <name>Metropolis Healthcare Ltd</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Transformers And R</name>
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        <title>Transformers And R INR1</title>
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          <ticker value="TARIL"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Siemens Energy India Ltd.</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CESC Limited</name>
        <lei>3358009RW8LFOENISG12</lei>
        <title>CESC Limited INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE486A01021"/>
          <ticker value="CESC"/>
          <other otherDesc="SEDOL" value="BNVXB61"/>
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        <balance>1335.00000000</balance>
        <units>NS</units>
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        <valUSD>2320.72000000</valUSD>
        <pctVal>0.048585617391</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Suzlon Energy Ltd.</name>
        <lei>724500ZW9AZP283ZN723</lei>
        <title>Suzlon Energy Ltd. INR2.00</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE040H01021"/>
          <ticker value="SUEL"/>
          <other otherDesc="SEDOL" value="B0DX8R8"/>
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        <balance>26467.00000000</balance>
        <units>NS</units>
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        <valUSD>12413.65000000</valUSD>
        <pctVal>0.259886952896</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tata Elxsi Ltd.</name>
        <lei>335800OWLDKWXSI48N33</lei>
        <title>Tata Elxsi Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE670A01012"/>
          <ticker value="TELX"/>
          <other otherDesc="SEDOL" value="6211204"/>
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        <balance>82.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>4067.72000000</valUSD>
        <pctVal>0.085160074276</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KWALITY WALLS (INDIA) LTD</name>
        <lei>3358004HTUS7E8UHI349</lei>
        <title>Kwality Walls India Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE2KCE01013"/>
          <ticker value="2543741D"/>
          <other otherDesc="SEDOL" value="BVMVC90"/>
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        <balance>1924.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>552.40000000</valUSD>
        <pctVal>0.011564813957</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Akzo Nobel India Ltd.</name>
        <lei>335800Z6FCJYII12VJ88</lei>
        <title>Akzo Nobel India Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE133A01011"/>
          <ticker value="AKZO"/>
          <other otherDesc="SEDOL" value="6124896"/>
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        <balance>26.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>838.88000000</valUSD>
        <pctVal>0.017562438690</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kalpataru Projects International Ltd.</name>
        <lei>3358005ZIDG7MGP6TY07</lei>
        <title>Kalpataru Projects International Ltd. INR2 DEMATERIALISED</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE220B01022"/>
          <ticker value="KPIL"/>
          <other otherDesc="SEDOL" value="B02N266"/>
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        <balance>241.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>3285.08000000</valUSD>
        <pctVal>0.068775052560</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Alkem Laboratories Ltd.</name>
        <lei>335800GCAE5WIF4PSG69</lei>
        <title>Alkem Laboratories Ltd. INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE540L01014"/>
          <ticker value="ALKEM"/>
          <other otherDesc="SEDOL" value="BYY2WB4"/>
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        <balance>127.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>7872.57000000</valUSD>
        <pctVal>0.164816812844</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Canara Bank</name>
        <lei>335800E4RH82Z8XC3C30</lei>
        <title>Canara Bank INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE476A01022"/>
          <ticker value="CBK"/>
          <other otherDesc="SEDOL" value="BS5WYP9"/>
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        <balance>7534.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>13032.25000000</valUSD>
        <pctVal>0.272837702197</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Choice International Ltd</name>
        <lei>3358007AEUMRQKOAIW39</lei>
        <title>Choice International Ltd SHSDEMATERIALISED</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE102B01014"/>
          <ticker value="CFIS"/>
          <other otherDesc="SEDOL" value="B03G3R2"/>
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        <balance>170.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>1376.89000000</valUSD>
        <pctVal>0.028825989662</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Timken India Ltd.</name>
        <lei>335800VYJD6YXMCODK97</lei>
        <title>Timken India Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE325A01013"/>
          <ticker value="TMKN"/>
          <other otherDesc="SEDOL" value="6143857"/>
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        <balance>76.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>2901.20000000</valUSD>
        <pctVal>0.060738302412</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TBO Tek Ltd.</name>
        <lei>3358006X42UDL4UIOH37</lei>
        <title>TBO Tek Ltd. INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE673O01025"/>
          <ticker value="TBOTEK"/>
          <other otherDesc="SEDOL" value="BPWCC13"/>
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        <balance>71.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>956.64000000</valUSD>
        <pctVal>0.020027812498</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Finolex Cables Ltd.</name>
        <lei>335800KAEKSMUCIH3795</lei>
        <title>Finolex Cables Ltd. INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE235A01022"/>
          <ticker value="FNXC"/>
          <other otherDesc="SEDOL" value="B1LDTB8"/>
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        <balance>161.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>1616.97000000</valUSD>
        <pctVal>0.033852203519</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Blue Dart Express Ltd.</name>
        <lei>3358003QNMHXM1CHC382</lei>
        <title>Blue Dart Express Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE233B01017"/>
          <ticker value="BDE"/>
          <other otherDesc="SEDOL" value="6098601"/>
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        <balance>15.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>936.92000000</valUSD>
        <pctVal>0.019614962876</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cera Sanitaryware Limited</name>
        <lei>3358005VXVFADN756K07</lei>
        <title>Cera Sanitaryware Limited INR5</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE739E01017"/>
          <ticker value="CRS"/>
          <other otherDesc="SEDOL" value="B02N2W2"/>
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        <balance>15.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>805.66000000</valUSD>
        <pctVal>0.016866958748</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Gujarat Fluorochemicals Ltd.</name>
        <lei>335800AQPB19VEXI8M93</lei>
        <title>Gujarat Fluorochemicals Ltd. INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE09N301011"/>
          <ticker value="FLUOROC"/>
          <other otherDesc="SEDOL" value="BK10P03"/>
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        <balance>87.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>3331.06000000</valUSD>
        <pctVal>0.069737670493</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cohance Lifesciences Ltd.</name>
        <lei>335800QWT92US4D7HR32</lei>
        <title>Cohance Lifesciences Ltd. INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE03QK01018"/>
          <ticker value="COHANCE"/>
          <other otherDesc="SEDOL" value="BKTQQK0"/>
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        <balance>271.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>923.28000000</valUSD>
        <pctVal>0.019329401575</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Zensar Technologies Ltd.</name>
        <lei>335800SK9CAQHM1TJC97</lei>
        <title>Zensar Technologies Ltd. INR2(POST SUB-DIVISION)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE520A01027"/>
          <ticker value="ZENT"/>
          <other otherDesc="SEDOL" value="BFYZ6V8"/>
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        <balance>242.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>1502.25000000</valUSD>
        <pctVal>0.031450473872</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Indusind Bank Ltd.</name>
        <lei>335800JDVJ8HSXG9G512</lei>
        <title>Indusind Bank Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE095A01012"/>
          <ticker value="IIB"/>
          <other otherDesc="SEDOL" value="6100454"/>
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        <balance>1446.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>15206.83000000</valUSD>
        <pctVal>0.318363794042</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Larsen &amp; Toubro Ltd.</name>
        <lei>3358003FR3JIC5FRXA90</lei>
        <title>Larsen &amp; Toubro Ltd. INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE018A01030"/>
          <ticker value="LT"/>
          <other otherDesc="SEDOL" value="B0166K8"/>
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        <balance>2578.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>121234.47000000</valUSD>
        <pctVal>2.538113850024</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Crisil Ltd</name>
        <lei>335800XLQ1LWF1M6KM87</lei>
        <title>Crisil Ltd INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE007A01025"/>
          <ticker value="CRISIL"/>
          <other otherDesc="SEDOL" value="B45Z353"/>
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        <balance>52.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>2501.45000000</valUSD>
        <pctVal>0.052369304622</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Karur Vysya Bank Ltd.</name>
        <lei>335800GFMDHTPWI6JP97</lei>
        <title>Karur Vysya Bank Ltd. INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE036D01028"/>
          <ticker value="KVB"/>
          <other otherDesc="SEDOL" value="BZ7PLF4"/>
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        <balance>2246.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>8053.15000000</valUSD>
        <pctVal>0.168597359738</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bank of Baroda</name>
        <lei>549300CQ6M9Q0TJEZR23</lei>
        <title>Bank of Baroda INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE028A01039"/>
          <ticker value="BOB"/>
          <other otherDesc="SEDOL" value="BVF87C6"/>
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        <balance>4106.00000000</balance>
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      <invstOrSec>
        <name>Anant Raj Ltd</name>
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      <invstOrSec>
        <name>Finolex Industries Ltd.</name>
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        <name>IRB Infrastructure Developers Ltd.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nava Ltd.</name>
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      <invstOrSec>
        <name>Blue Jet Healthcare Ltd.</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Balkrishna Industries Ltd.</name>
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        <name>Himadri Speciality Chemical Limited</name>
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        <name>Ambuja Cements Ltd.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Onesource Speciality Pharma Ltd.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>ZEE Entertainment Enterprises Ltd.</name>
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        <assetCat>EC</assetCat>
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        <name>Sbi Life Insurance Co Ltd.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Max Financial Services Limited</name>
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        <name>Hindustan Aeronautics Limited</name>
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        <invCountry>IN</invCountry>
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        <name>Whirlpool Of India Ltd.</name>
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        <name>Netweb Technologies India Ltd.</name>
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        <name>Sumitomo Chemical India Ltd</name>
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        <name>L&amp;T Technology Services Ltd.</name>
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        <name>REC Ltd.</name>
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        <name>Coforge Limited</name>
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        <name>Bajaj Housing Finance Ltd.</name>
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        <invCountry>IN</invCountry>
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        <name>JBM Auto Ltd</name>
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        <invCountry>IN</invCountry>
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      <invstOrSec>
        <name>Mphasis Ltd.</name>
        <lei>335800NSYTIQLQKUYP62</lei>
        <title>Mphasis Ltd. INR10</title>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Oil &amp; Natural Gas Corp Ltd.</name>
        <lei>335800FPDZ9MRSNO7N41</lei>
        <title>Oil &amp; Natural Gas Corp Ltd. INR5</title>
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          <isin value="INE213A01029"/>
          <ticker value="ONGC"/>
          <other otherDesc="SEDOL" value="6139362"/>
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        <balance>8469.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Global Heath Ltd.</name>
        <lei>335800TEDV7GWBKTVO07</lei>
        <title>Global Heath Ltd. INR2</title>
        <cusip>000000000</cusip>
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          <isin value="INE474Q01031"/>
          <ticker value="MEDANTA"/>
          <other otherDesc="SEDOL" value="BN960L0"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Caplin Point Labor</name>
        <lei>33580043U3LXMROY5J69</lei>
        <title>Caplin Point Labor INR2</title>
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          <isin value="INE475E01026"/>
          <ticker value="CLPL"/>
          <other otherDesc="SEDOL" value="BYNJC27"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bharti Hexacom Ltd.</name>
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        <cusip>000000000</cusip>
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          <isin value="INE343G01021"/>
          <ticker value="BHARTIH"/>
          <other otherDesc="SEDOL" value="BMDR2V6"/>
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        <balance>159.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ircon International Limited</name>
        <lei>335800MHXEWYPXT69Y41</lei>
        <title>Ircon International Limited INR2 (POST SUBD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE962Y01021"/>
          <ticker value="IRCON"/>
          <other otherDesc="SEDOL" value="BM7SZX8"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Laurus Labs Ltd</name>
        <lei>335800S8HO8QRYP3VQ26</lei>
        <title>Laurus Labs Ltd INR2 (POST SUBD)</title>
        <cusip>000000000</cusip>
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          <isin value="INE947Q01028"/>
          <ticker value="LAURUS"/>
          <other otherDesc="SEDOL" value="BMZ1CH2"/>
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        <balance>880.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bharat Forge Ltd.</name>
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        <title>Bharat Forge Ltd. INR2</title>
        <cusip>000000000</cusip>
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          <isin value="INE465A01025"/>
          <ticker value="BHFC"/>
          <other otherDesc="SEDOL" value="B0C1DM3"/>
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        <balance>566.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Container Corporation of India Ltd.</name>
        <lei>335800T2XH4HLGGQSJ32</lei>
        <title>Container Corporation of India Ltd. INR5(POST SUBD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE111A01025"/>
          <ticker value="CCRI"/>
          <other otherDesc="SEDOL" value="BG0ZVG9"/>
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        <balance>734.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Mmtc Ltd.</name>
        <lei>335800OT5N4ZWVDI6W86</lei>
        <title>Mmtc Ltd. INR1</title>
        <cusip>000000000</cusip>
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          <isin value="INE123F01029"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>United Breweries Ltd.</name>
        <lei>335800ADAMN6EW1GCZ31</lei>
        <title>United Breweries Ltd. INR1</title>
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          <ticker value="UBBL"/>
          <other otherDesc="SEDOL" value="B1683V6"/>
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        <balance>154.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Gujarat Mineral Development Corp.</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hindustan Unilever Ltd.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Zydus Lifesciences Ltd.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Kajaria Ceramics Ltd.</name>
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        <invCountry>IN</invCountry>
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        <name>Apar Industries Ltd.</name>
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        <name>Tata Steel Ltd.</name>
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        <invCountry>IN</invCountry>
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        <name>MRF Ltd.</name>
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        <invCountry>IN</invCountry>
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        <name>DWS GOVERNMENT MONEY MARKET SERIES INSTITUTIONAL SHARES</name>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Rail Vikas Nigam Limited</name>
        <lei>8945004J7EIKTCOWI620</lei>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cipla Ltd.</name>
        <lei>335800KMJJYEDDK82Q34</lei>
        <title>Cipla Ltd. INR2</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Jubilant Ingrevia Limited</name>
        <lei>335800TH97UX82XBKJ30</lei>
        <title>Jubilant Ingrevia Limited INR1</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DLF Ltd.</name>
        <lei>335800PJLUEOB8914F48</lei>
        <title>DLF Ltd. INR2</title>
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          <isin value="INE271C01023"/>
          <ticker value="DLFU"/>
          <other otherDesc="SEDOL" value="B1YLCV0"/>
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        <balance>1419.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Aditya Birla Sun Life AMC Ltd.</name>
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        <title>Aditya Birla Sun Life AMC Ltd. INR5.00</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE404A01024"/>
          <ticker value="ABSLAMC"/>
          <other otherDesc="SEDOL" value="BN4M488"/>
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        <balance>153.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Rhi Magnesita India Ltd</name>
        <lei>529900FVDEOVQTYATK48</lei>
        <title>Rhi Magnesita India Ltd INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE743M01012"/>
          <ticker value="RHIM"/>
          <other otherDesc="SEDOL" value="B71PG48"/>
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        <balance>175.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lupin Ltd.</name>
        <lei>335800HHXTESDEE2FC65</lei>
        <title>Lupin Ltd. INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE326A01037"/>
          <ticker value="LPC"/>
          <other otherDesc="SEDOL" value="6143761"/>
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        <balance>534.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Apollo Tyres Limited</name>
        <lei>335800W2PJ4XBSHQYC34</lei>
        <title>Apollo Tyres Limited INR1.00</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE438A01022"/>
          <ticker value="APTY"/>
          <other otherDesc="SEDOL" value="6168902"/>
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        <balance>694.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Home First Finance Company India Limited</name>
        <lei>335800LHIN24IFBBN535</lei>
        <title>Home First Finance Company India Limited INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE481N01025"/>
          <ticker value="HOMEFIR"/>
          <other otherDesc="SEDOL" value="BMH4TB2"/>
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        <balance>167.00000000</balance>
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        <pctVal>0.041623909235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HEG Limited</name>
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        <title>HEG Limited INR2(POST SUBD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE545A01024"/>
          <ticker value="HEG"/>
          <other otherDesc="SEDOL" value="BMCCWJ0"/>
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        <balance>179.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>360 One Wam Ltd.</name>
        <lei>335800DDYMCDBO5OLL32</lei>
        <title>360 One Wam Ltd. INR1(POST SUBD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE466L01038"/>
          <ticker value="360ONE"/>
          <other otherDesc="SEDOL" value="BQKRHR8"/>
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        <balance>527.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ather Energy Ltd.</name>
        <lei>335800SZ7EUDQVUICH52</lei>
        <title>Ather Energy Ltd. INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE0LEZ01016"/>
          <ticker value="ATHEREN"/>
          <other otherDesc="SEDOL" value="BSVGYV1"/>
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        <balance>246.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>1922.28000000</valUSD>
        <pctVal>0.040244045209</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Thermax Ltd.</name>
        <lei>33580013S142QYY9TR81</lei>
        <title>Thermax Ltd. INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE152A01029"/>
          <ticker value="TMX"/>
          <other otherDesc="SEDOL" value="B10SSP1"/>
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        <balance>98.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>3358.51000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kalyan Jewellers India Ltd.</name>
        <lei>335800EP35CO1QHM9P33</lei>
        <title>Kalyan Jewellers India Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE303R01014"/>
          <ticker value="KALYANK"/>
          <other otherDesc="SEDOL" value="BMYLJB6"/>
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        <balance>817.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>3682.85000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Aarti Industries Limited</name>
        <lei>335800JBE5SD89NHB831</lei>
        <title>Aarti Industries Limited INR5</title>
        <cusip>000000000</cusip>
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          <isin value="INE769A01020"/>
          <ticker value="ARTO"/>
          <other otherDesc="SEDOL" value="B0VX289"/>
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        <balance>439.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>One 97 Communications Ltd.</name>
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        <title>One 97 Communications Ltd. INR1</title>
        <cusip>000000000</cusip>
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          <isin value="INE982J01020"/>
          <ticker value="PAYTM"/>
          <other otherDesc="SEDOL" value="BNTYXL5"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ABB India Ltd.</name>
        <lei>5493001BUNB8WEF9JI21</lei>
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        <cusip>000000000</cusip>
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          <other otherDesc="SEDOL" value="B1Y9QS9"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Chambal Fertilisers and Chemicals Ltd.</name>
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          <ticker value="CHMB"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Syngene International Ltd</name>
        <lei>335800FFAWRC77Z2EY68</lei>
        <title>Syngene International Ltd INR10</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Central Depository Services (India) Limited</name>
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        <title>Central Depository Services (India) Limited INR10</title>
        <cusip>000000000</cusip>
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          <ticker value="CDSL"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>iShares Trust</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>iShares Trust MSCI INDIA ETF</title>
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          <isin value="US46429B5984"/>
          <ticker value="INDA"/>
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        <curCd>USD</curCd>
        <valUSD>3920.25000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Torrent Power Limited</name>
        <lei>335800DJYYJQGAH3OX89</lei>
        <title>Torrent Power Limited INR10</title>
        <cusip>000000000</cusip>
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          <isin value="INE813H01021"/>
          <ticker value="TPW"/>
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        <pctVal>0.145266331552</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LTM Ltd.</name>
        <lei>335800DY1I1WFHVV6T22</lei>
        <title>LTM Ltd. INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE214T01019"/>
          <ticker value="LTM"/>
          <other otherDesc="SEDOL" value="BD6F8V6"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Emcure Pharmaceuticals Ltd.</name>
        <lei>335800WYB6OIBY9EOZ42</lei>
        <title>Emcure Pharmaceuticals Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE168P01015"/>
          <ticker value="EMCURE"/>
          <other otherDesc="SEDOL" value="BRSCRT4"/>
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        <balance>69.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>1103.91000000</valUSD>
        <pctVal>0.023110995248</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      </invstOrSec>
      <invstOrSec>
        <name>JM Financial Ltd.</name>
        <lei>254900XWK81ULQY0IE29</lei>
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          <isin value="INE780C01023"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Eicher Motors Ltd.</name>
        <lei>25490059S64CN2OY7239</lei>
        <title>Eicher Motors Ltd. INR1</title>
        <cusip>000000000</cusip>
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          <isin value="INE066A01021"/>
          <ticker value="EIM"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>IFCI Ltd.</name>
        <lei>3358007NRXJW5PA61H06</lei>
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        <cusip>000000000</cusip>
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          <isin value="INE039A01010"/>
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          <other otherDesc="SEDOL" value="6121983"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ZF Commercial Vehicle Control Systems India Ltd.</name>
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        <cusip>000000000</cusip>
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          <isin value="INE342J01019"/>
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          <other otherDesc="SEDOL" value="B3DGKJ4"/>
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        <balance>16.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Varun Beverages Ltd.</name>
        <lei>33580058NWEMWBDNMD48</lei>
        <title>Varun Beverages Ltd. INR2(POST SUBD)</title>
        <cusip>000000000</cusip>
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          <isin value="INE200M01039"/>
          <ticker value="VBL"/>
          <other otherDesc="SEDOL" value="BQB80M6"/>
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        <balance>2966.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Indraprastha Gas Ltd.</name>
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        <cusip>000000000</cusip>
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          <isin value="INE203G01027"/>
          <ticker value="IGL"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Life Insurance Corp. Of India</name>
        <lei>21380068NOA8WMH89Z35</lei>
        <title>Life Insurance Corp. Of India INR10</title>
        <cusip>000000000</cusip>
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          <isin value="INE0J1Y01017"/>
          <ticker value="LICI"/>
          <other otherDesc="SEDOL" value="BK81WW0"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Aegis Logistics Ltd.</name>
        <lei>335800R6OF8UV8J3G994</lei>
        <title>Aegis Logistics Ltd. INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE208C01025"/>
          <ticker value="AEGISLO"/>
          <other otherDesc="SEDOL" value="BYZ5JH7"/>
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        <balance>267.00000000</balance>
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        <pctVal>0.042300128443</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Vedant Fashions Ltd.</name>
        <lei>335800EPS7Z6EH9QKD16</lei>
        <title>Vedant Fashions Ltd. INR1.00</title>
        <cusip>000000000</cusip>
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          <isin value="INE825V01034"/>
          <ticker value="MANYAVA"/>
          <other otherDesc="SEDOL" value="BP0BFK2"/>
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        <balance>148.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Oracle Fin Service</name>
        <lei>3358008SYNPKSPNMTJ57</lei>
        <title>Oracle Fin Service INR5</title>
        <cusip>000000000</cusip>
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          <isin value="INE881D01027"/>
          <ticker value="OFSS"/>
          <other otherDesc="SEDOL" value="6528443"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Power Grid Corporation of India Ltd.</name>
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        <cusip>000000000</cusip>
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          <other otherDesc="SEDOL" value="B233HS6"/>
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        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Castrol India Ltd.</name>
        <lei>335800KCNMKXQFPJ5Q28</lei>
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        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Trent Ltd.</name>
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        <title>Trent Ltd. INR1</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Vodafone Idea Ltd.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Bombay Burmah Trading Corporation Ltd.(The)</name>
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          <ticker value="BBTC"/>
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        <invCountry>IN</invCountry>
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        <name>Rites Limited</name>
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        <name>Page Industries Ltd.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <name>Bayer Cropscience Ltd.</name>
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          <ticker value="BYRCS"/>
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        <invCountry>IN</invCountry>
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        <name>NCC Limited</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Cummins India Ltd.</name>
        <lei>3358002PR6NKJRU4YS77</lei>
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          <ticker value="KKC"/>
          <other otherDesc="SEDOL" value="6294863"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Shriram Finance Ltd.</name>
        <lei>335800TM2YO24B76XL26</lei>
        <title>Shriram Finance Ltd. INR2 (POST SUBD)</title>
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          <ticker value="SHFL"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Infosys Ltd.</name>
        <lei>335800TYLGG93MM7PR89</lei>
        <title>Infosys Ltd. INR5</title>
        <cusip>000000000</cusip>
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      <invstOrSec>
        <name>THE Ramco Cements Limited</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>HDFC Life Insurance Co Ltd.</name>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Go Digit General Insurance Ltd.</name>
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        <assetCat>EC</assetCat>
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        <name>PNB Housing Finance Ltd.</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <name>Coal India Ltd.</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <name>Sammaan Capital Ltd.</name>
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        <assetCat>EC</assetCat>
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        <name>Sun Pharmaceutical Industries Ltd.</name>
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        <assetCat>EC</assetCat>
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        <name>Hindalco Industries Ltd.</name>
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        <assetCat>EC</assetCat>
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        <name>India Cements Limited</name>
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        <assetCat>EC</assetCat>
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        <assetCat>EC</assetCat>
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        <name>General Insurance Corp Of India</name>
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        <name>INVENTURUS KNOWLEDGE SOLUTIONS LTD</name>
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        <name>Bajaj Auto Ltd.</name>
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        <name>Oberoi Realty Ltd.</name>
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        <name>Kaynes Technology India Private Limited</name>
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        <name>Godrej Agrovet Ltd.</name>
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        <name>Aditya Birla Real Estate Ltd.</name>
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        <name>ITC Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Affle 3I Ltd.</name>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Adani Total Gas Ltd.</name>
        <lei>335800XLXJ32DBM6H567</lei>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bse Limited</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Indian Renewable Energy Development Agency Ltd.</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Mangalore Refinery And Petrochemicals Limited</name>
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        <assetCat>EC</assetCat>
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        <name>TATA TELESERVICES (MAHARASHTRA) LTD</name>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Astrezeneca Pharma</name>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Gail India Ltd.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>The New India Assurance Company Ltd</name>
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        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Balrampur Chini Mi</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nuvama Wealth Management Ltd.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Indegene Ltd.</name>
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        <name>Basf India Limited</name>
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        <name>Natco Pharma Limited</name>
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        <name>Railtel Corporation Of India Ltd</name>
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        <name>Indian Tel Ind(Iti</name>
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        <name>Jaiprakash Power Ventures Ltd.</name>
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        <name>Alkyl Amines</name>
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        <name>Schaeffler India Ltd</name>
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        <name>Indian Oil Corp Ltd.</name>
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        <invCountry>IN</invCountry>
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        <name>Poly Medicure Ltd</name>
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        <invCountry>IN</invCountry>
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      <invstOrSec>
        <name>Syrma SGS Technology Ltd.</name>
        <lei>335800ZBB8PM892U4J75</lei>
        <title>Syrma SGS Technology Ltd. INR10</title>
        <cusip>000000000</cusip>
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          <isin value="INE0DYJ01015"/>
          <ticker value="SYRMA"/>
          <other otherDesc="SEDOL" value="BPH2MZ2"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Coromandel International Ltd</name>
        <lei>335800U73K3HJSQKT249</lei>
        <title>Coromandel International Ltd INR1</title>
        <cusip>000000000</cusip>
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          <isin value="INE169A01031"/>
          <ticker value="CRIN"/>
          <other otherDesc="SEDOL" value="B0VDZN5"/>
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        <balance>250.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>United Spirits Ltd.</name>
        <lei>3358004YFWQVX2EZDE82</lei>
        <title>United Spirits Ltd. INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE854D01024"/>
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          <other otherDesc="SEDOL" value="BYWFSB7"/>
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        <balance>657.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LT Foods Ltd</name>
        <lei>3358008WEECK49DUO516</lei>
        <title>LT Foods Ltd INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE818H01020"/>
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          <other otherDesc="SEDOL" value="BD7Y7L5"/>
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        <balance>293.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Asahi India Glass Ltd.</name>
        <lei>3358007HF9GBFAD6EH12</lei>
        <title>Asahi India Glass Ltd. INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE439A01020"/>
          <ticker value="AISG"/>
          <other otherDesc="SEDOL" value="6548333"/>
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        <balance>248.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Gujarat Gas Ltd.</name>
        <lei>335800BGVH85CIFRKY95</lei>
        <title>Gujarat Gas Ltd. INR2 (POST SUBD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE844O01030"/>
          <ticker value="GUJGA"/>
          <other otherDesc="SEDOL" value="BGS92Z9"/>
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        <balance>365.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KPIT Technologies Limited</name>
        <lei>3358009MOTWWU66WMV49</lei>
        <title>KPIT Technologies Limited INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE04I401011"/>
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          <other otherDesc="SEDOL" value="BFMX0X4"/>
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        <balance>383.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kfin Technologies Ltd.</name>
        <lei>335800GNCGJJ76Z17N17</lei>
        <title>Kfin Technologies Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE138Y01010"/>
          <ticker value="KFINTEC"/>
          <other otherDesc="SEDOL" value="BMD3139"/>
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        <balance>324.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
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        <pctVal>0.071330868071</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>APL Apollo Tubes Ltd.</name>
        <lei>335800ZU4GXSB7Q4IU95</lei>
        <title>APL Apollo Tubes Ltd. INR2.00 POST SUB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE702C01027"/>
          <ticker value="APAT"/>
          <other otherDesc="SEDOL" value="BNDTGN9"/>
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        <balance>384.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>9431.98000000</valUSD>
        <pctVal>0.197463964424</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Honasa Consumer Ltd.</name>
        <lei>2549004POI9PD5S9GC46</lei>
        <title>Honasa Consumer Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE0J5401028"/>
          <ticker value="HONASA"/>
          <other otherDesc="SEDOL" value="BSCC0R6"/>
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        <balance>335.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
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        <pctVal>0.023358453795</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Aurobindo Pharma Ltd.</name>
        <lei>335800G4T2A353RDGM23</lei>
        <title>Aurobindo Pharma Ltd. INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE406A01037"/>
          <ticker value="ARBP"/>
          <other otherDesc="SEDOL" value="6702634"/>
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        <balance>592.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>7941.38000000</valUSD>
        <pctVal>0.166257390050</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State Bank of India</name>
        <lei>5493001JZ37UBBZF6L49</lei>
        <title>State Bank of India INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE062A01020"/>
          <ticker value="SBIN"/>
          <other otherDesc="SEDOL" value="BSQCB24"/>
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        <balance>8932.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Acc Limited</name>
        <lei>335800569A6H12LH4677</lei>
        <title>Acc Limited INR10</title>
        <cusip>000000000</cusip>
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          <isin value="INE012A01025"/>
          <ticker value="ACC"/>
          <other otherDesc="SEDOL" value="6155915"/>
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        <balance>135.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Techno Electric &amp; Engineering Co Ltd.</name>
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          <other otherDesc="SEDOL" value="BDFFZP0"/>
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        <balance>107.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Jindal Stainless Ltd.</name>
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        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Abbott India Ltd</name>
        <lei>5493008KZ9E3HFRN6T46</lei>
        <title>Abbott India Ltd INR10</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Vedanta Ltd.</name>
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        <title>Vedanta Ltd. INR1</title>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Usha Martin Ltd.</name>
        <lei>33580037BPBHOK655A23</lei>
        <title>Usha Martin Ltd. INR1</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Rashtriya Chemicals And Fertilizers Limited</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>National Aluminum</name>
        <lei>335800OM1V78CX7SSC72</lei>
        <title>National Aluminum INR5</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AIA Engeneering Limited</name>
        <lei>3358009DFG4JFX1O8H85</lei>
        <title>AIA Engeneering Limited INR2</title>
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          <ticker value="AIAE"/>
          <other otherDesc="SEDOL" value="B0QDXM5"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Narayana Hrudayalaya Limited</name>
        <lei>3358005539O9QRRIAM19</lei>
        <title>Narayana Hrudayalaya Limited INR10</title>
        <cusip>000000000</cusip>
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          <isin value="INE410P01011"/>
          <ticker value="NARH"/>
          <other otherDesc="SEDOL" value="BD0CSH9"/>
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        <payoffProfile>Long</payoffProfile>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Valor Estate Ltd.</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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      <invstOrSec>
        <name>Jubilant Pharmova Limited</name>
        <lei>335800C6LDKWF4HQH833</lei>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nippon Life India Asset Management Limited</name>
        <lei>335800ZQXV958RZSRU89</lei>
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          <isin value="INE298J01013"/>
          <ticker value="NAM"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Indian Hotels Co Ltd. (The)</name>
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          <isin value="INE053A01029"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Aavas Financiers Limited</name>
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        <cusip>000000000</cusip>
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          <isin value="INE216P01012"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Computer Age Management Services Ltd</name>
        <lei>33580012MDHMBHWN5Z06</lei>
        <title>Computer Age Management Services Ltd INR2(POST SUBD)</title>
        <cusip>000000000</cusip>
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          <isin value="INE596I01020"/>
          <ticker value="CAMS"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AWL Agri Business Ltd.</name>
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          <isin value="INE699H01024"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Phoenix Mills Ltd.</name>
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        <cusip>000000000</cusip>
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          <isin value="INE211B01039"/>
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          <other otherDesc="SEDOL" value="B0SXY97"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sapphire Foods India Ltd.</name>
        <lei>335800Y2BJLU8A79CD84</lei>
        <title>Sapphire Foods India Ltd. INR2(POST SUBD)</title>
        <cusip>000000000</cusip>
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          <isin value="INE806T01020"/>
          <ticker value="SAPPHIR"/>
          <other otherDesc="SEDOL" value="BLD9GD5"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Aditya Birla Capital Ltd.</name>
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        <cusip>000000000</cusip>
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          <isin value="INE674K01013"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Campus Activewear Ltd</name>
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        <title>Campus Activewear Ltd INR5</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Clean Science &amp; Technology Ltd.</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Jindal Saw Ltd</name>
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        <cusip>000000000</cusip>
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          <other otherDesc="SEDOL" value="BPSRBX7"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Data Patterns India Limited</name>
        <lei>894500IFAYOMBFJ0QB53</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Atul Ltd.</name>
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        <title>Atul Ltd. INR10</title>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <name>PI Industries Ltd.</name>
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        <invCountry>IN</invCountry>
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        <name>Colgate-Palmolive (India) Ltd.</name>
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        <invCountry>IN</invCountry>
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        <name>Krishna Institute of Medical Sciences Ltd.</name>
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        <name>Kirloskar Oil Engi</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <name>Marico Ltd.</name>
        <lei>3358003SFDQFGJPC5O84</lei>
        <title>Marico Ltd. INR1</title>
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          <ticker value="MRCO"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Voltas Ltd.</name>
        <lei>335800VVTQSSZ7NV7F51</lei>
        <title>Voltas Ltd. INR1</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Indian Overseas Bank</name>
        <lei>335800QFIPQ9AFX1CS84</lei>
        <title>Indian Overseas Bank INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE565A01014"/>
          <ticker value="IOB"/>
          <other otherDesc="SEDOL" value="6689953"/>
        </identifiers>
        <balance>2692.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>1078.56000000</valUSD>
        <pctVal>0.022580278315</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hindustan Petroleum Corp Ltd.</name>
        <lei>335800DWLXIP7HFFY564</lei>
        <title>Hindustan Petroleum Corp Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE094A01015"/>
          <ticker value="HPCL"/>
          <other otherDesc="SEDOL" value="6100476"/>
        </identifiers>
        <balance>2126.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>10253.03000000</valUSD>
        <pctVal>0.214653121737</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shree Cement Ltd.</name>
        <lei>335800W6FNBDUZ89L830</lei>
        <title>Shree Cement Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE070A01015"/>
          <ticker value="SRCM"/>
          <other otherDesc="SEDOL" value="6100357"/>
        </identifiers>
        <balance>30.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>8598.40000000</valUSD>
        <pctVal>0.180012484304</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Latent View Analytics Ltd</name>
        <lei>335800DH59WJEXU4X131</lei>
        <title>Latent View Analytics Ltd INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE0I7C01011"/>
          <ticker value="LATENTV"/>
          <other otherDesc="SEDOL" value="BPG97T3"/>
        </identifiers>
        <balance>211.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>782.06000000</valUSD>
        <pctVal>0.016372879079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-04-29</ncom:dateSigned>
      <ncom:nameOfApplicant>DBX ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Diane Kenneally</ncom:signature>
      <ncom:signerName>Diane Kenneally</ncom:signerName>
      <ncom:title>Treasurer and Chief Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
