Modera erate tely Mod High to e H w at ig o er h L d o M V e r y w H Tata Multi Asset Opportunities Fund o i L g (An Open Ended Scheme investing in equity, debt & exchange traded commodity derivatives) h Riskometer Investors understand that their principal As on 31st March 2021 PORTFOLIO will be at Very High Risk Company name No. of Market Value % of Company name % to % to NAV INVESTMENT STYLE Shares Rs. Lakhs Assets NAV Derivative Fund invests in a mix of equity and equity related instruments, Fixed Equity & Equity Related Total 65.02 Wipro Ltd. 0.47 Income and Commodities & Exchange traded Commodity derivatives. Unhedge Positions 61.59 Wipro Ltd.- Future -0.48 INVESTMENT OBJECTIVE Auto Name of the Instrument % to % to NAV Mahindra & Mahindra Ltd. 1.36 The investment objective of the scheme is to generate long term capital Banks NAV Derivative appreciation. However, there is no assurance or guarantee that the ICICI Bank Ltd. 3.46 Commodity & Exchange Traded Commodity Derivatives 21.06 -11.78 investment objective of the Scheme will be achieved. The scheme does HDFC Bank Ltd. 2.71 Commodities Physical not assure or guarantee any returns. State Bank Of India 1.47 Gold Mini (100 Grams) Commodity 3.09 DATE OF ALLOTMENT Axis Bank Ltd. 1.17 Silver Mini (5 Kgs) Commodity 7.46 Cement & Cement Products Listed On Commodity Exchanges (Quantity In Lots) March 04, 2020 Ultratech Cement Ltd. 1.92 Cotton Seed Oil Cake Akola (10 Mt 100 Qtls) Comm April 2021 Future 0.08 Construction Project Cotton Seed Oil Cake Akola (10 Mt 100 Qtls) Comm April 2021 Future 0.57 FUND MANAGER Larsen & Toubro Ltd. 1.62 Cotton Seed Oil Cake Akola (10 Mt 100 Qtls) Comm May 2021 Future -0.58 Rahul Singh (Equity) (Managing Since 12-Mar-20 and overall Ferrous Metals Cotton 29Mm (25 Bales 170 Kg Each) Comm April 2021 Future 1.73 experience of 25 years), Sailesh Jain (Equity Arbitrage) (Managing Jindal Steel & Power Ltd. 1.11 Cotton 29Mm (25 Bales 170 Kg Each) Comm April 2021 Future 0.33 Since 12-Mar-20 and overall experience of 17 years), Murthy Finance Cotton 29Mm (25 Bales 170 Kg Each) Comm May 2021 Future -0.34 Nagarajan (Fixed Income) (Managing Since 12-Mar-20 and overall Housing Development Finance Corporation Ltd. 1.90 Gold (1 Kg-1000 Gms) Commodity June 2021 Future 3.55 experience of 24 years) and Aurobinda Prasad Gayan (Commodities) Industrial Products Gold Mini (100 Grams) Commodity June 2021 Future 2.09 (Managing Since 12-Mar-20 and overall experience of 15 years) Cummins India Ltd. 1.24 Gold Mini (100 Grams) Commodity May 2021 Future -2.08 Non - Ferrous Metals Gold Mini (100 Grams) Commodity May 2021 Future -1.01 BENCHMARK National Aluminium Co. Ltd. 1.16 Guar Seed10 Jodhpur (10 Mt 100 Qtls) Commodity April 2021 Future 0.03 65% S&P BSE 200 TRI + 15% CRISIL Short Term Bond Fund Index Petroleum Products Bullion Mcx Index April 2021 Future 0.81 + 20% iCOMDEX Composite Index Reliance Industries Ltd. 3.29 Nickel (1500 Kgs) Commodity April 2021 Future 0.14 Pharmaceuticals Nickel (1500 Kgs) Commodity April 2021 Future 0.14 NAV Dr Reddys Laboratories Ltd. 1.23 Nickel (1500 Kgs) Commodity May 2021 Future -0.14 Power Rape Mustard Seed Jaipur (10 Mt -100 Qtls) Commodity June 2021 Future 0.12 Direct - IDCW : 13.5556 Power Grid Corporation Of India Ltd. 1.32 Rape Mustard Seed Jaipur (10 Mt -100 Qtls) Commodity June 2021 Future 0.13 Direct - Growth : 13.5556 Tata Power Company Ltd. 1.32 Rape Mustard Seed Jaipur (10 Mt -100 Qtls) Commodity May 2021 Future -0.13 Regular - IDCW : 13.2768 Kec International Ltd. 1.06 Silver (30 K Commodity May 2021 Future 0.77 Regular - Growth : 13.2768 Software Silver Mini (5 Kgs) Commodity April 2021 Future -4.96 Infosys Ltd. 3.47 FUND SIZE Silver Mini (5 Kgs) Commodity June 2021 Future -2.54 HCL Technologies Ltd. 1.72 Ratings Market Value % to Rs. 645.54 (Rs. in Cr.) Tata Consultancy Services Ltd. 1.01 Name of the Instrument Telecom - Services Rs. Lakhs NAV MONTHLY AVERAGE AUM Bharti Airtel Ltd. 2.46 Government Securities 4100.78 6.35 Rs. 620.36 (Rs. in Cr.) Other Equities^ 25.60 GOI - 7.32% (28/01/2024) SOV 2124.46 3.29 Company name % to % to NAV GOI - 7.27% (08/04/2026) SOV 1899.89 2.94 TURN OVER GOI - 5.77% (03/08/2030) SOV 76.43 0.12 NAV Derivative Portfolio Turnover (Total) 404.22% Non-Convertible Debentures/Bonds 839.75 1.30 Portfolio Turnover (Equity component only) 76.14% Hedge Positions 3.43 -3.45 08.50 % Nabard CRISIL- AAA 531.01 0.82 Bharti Airtel Ltd. 0.13 06.40 % Nabard CRISIL- AAA 308.74 0.48 EXPENSE RATIO** Bharti Airtel Ltd.- Future -0.13 Margin Money Deposit 1028.09 1.59 Direct 0.86 Hindustan Unilever Ltd. 0.16 HDFC Bank Ltd. 199.00 0.31 Hindustan Unilever Ltd.- Future -0.16 Regular 2.53 Variable Margin 829.09 1.28 Housing Development Finance Corporation Ltd. 0.48 **Note: The rates specified are actual month end expenses charged Housing Development Finance Corporation Ltd.- Future -0.48 as on Mar 31, 2021. The above ratio includes the Service tax on ICICI Bank Ltd. 0.16 Repo 13.96 Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net ICICI Bank Ltd.- Future -0.16 Portfolio Total 109.29 assets allowed) in respect sales beyond T-30 cities assets, wherever Infosys Ltd. 0.76 Cash / Net Current Liabilities -9.29 applicable. Infosys Ltd.- Future -0.77 Net Assets 100.00 Lupin Ltd. 0.30 VOLATILITY MEASURES^ FUND BENCHMARK Lupin Ltd.- Future -0.30 ^Exposure less than 1% has been clubbed under Other Equities Std. Dev (Annualised) 11.17 16.06 Tata Consultancy Services Ltd. 0.78 Sharpe Ratio 0.96 0.75 Tata Consultancy Services Ltd.- Future -0.79 Portfolio Beta 0.82 1.00 Ultratech Cement Ltd. 0.19 R Squared 0.87 1.00 Ultratech Cement Ltd.- Future -0.19 Treynor 3.71 3.44 Jenson 0.22 NA SIP - If you had invested INR 10000 every month Portfolio Macauley Duration : 1.75 Years 6 Months 1 Year 3 Year 5 Year 7 Year 10 Year Since Inception Modified Duration : 1.70 Years Average Maturity : 2.01 Years Total Amount Invested (Rs.) 120,000 NA NA NA NA NA 120,000 Gross Yield to Maturity (For Debt Component)* Total Value as on Mar 31, 2021 (Rs.) 146,314 NA NA NA NA NA 146,314 - Including Net Current Assets : 3.91% Returns 43.29% NA NA NA NA NA 43.29% * Computed on the invested amount for debt portfolio. Total Value of B: 65% S&P BSE 200 TRI + 15% CRISIL Short Term 147,516 NA NA NA NA NA 147,516 Total stock in Portfolio 67 Bond Fund Index + 20% iCOMDEX Composite Index ^Risk-free rate based on the FBIL Overnight MIBOR rate of 3.5% as B: 65% S&P BSE 200 TRI + 15% CRISIL Short Term Bond Fund 45.38% NA NA NA NA NA 45.38% on Mar 31, 2021 For calculation methodology please refer to Pg 66 Index + 20% iCOMDEX Composite Index Total Value of AB: S&P BSE Sensex TRI 155,784 NA NA NA NA NA 155,784 MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT AB: S&P BSE Sensex TRI 59.94% NA NA NA NA NA 59.94% (Inception date :04-Mar-2020) (First Installment date : 01-Apr-2020) Growth option: Rs 5,000/- and in multiple of Re.1/- thereafter IDCW (payout): Rs 5,000/- and in multiple of Re.1/- thereafter Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized. Income Distribution cum capital withdrawals are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. ADDITIONAL INVESTMENT/ For scheme performance refer pages 50 - 65. MULTIPLES FOR EXISTING INVESTORS *B: Benchmark Rs.1000/-& in multiples of Re.1/-thereafter. Source: MFI Explorer LOAD STRUCTURE Top 10 Holdings Equity Sector Allocation Entry Load : Not Applicable Financial Services 13.98% Issuer Name % to NAV IT 9.68% Exit Load : Infosys Ltd. 4.23 Oil & Gas 5.13% • Exit Load is Nil, if the withdrawal amount or switched out amount is Consumer Goods 4.98% ICICI Bank Ltd. 3.62 Pharma 4.30% not more than 12% of the original cost of investment on or before Power 4.21% expiry of 365 days from the date of allotment. Reliance Industries Ltd. 3.29 Metals 3.01% Cement & Cement Products 2.89% • Exit load is 1% of the applicable NAV if the withdrawal amount or HDFC Bank Ltd. 2.71 Industrial Manufacturing 2.78% switched out amount is more than 12% of the original cost of Bharti Airtel Ltd. 2.59 Construction 2.71% Telecom 2.59% investment on or before expiry of 365 days from the date of HDFC Ltd. 2.38 Healthcare Services 1.92% V allotment. Automobile 1.78% Ultratech Cement Ltd. 2.11 Fertilisers & Pesticides 1.61% • No Exit load will be charged for redemption or switch out after expiry Tata Consultancy Services Ltd. 1.79 Services 1.54% of 365 days from the date of allotment Chemicals 0.77% HCL Technologies Ltd. 1.72 Textiles 0.59% Please refer to our Tata Mutual Fund website for Larsen & Toubro Ltd. 1.62 Consumer Services 0.55% fundamental changes, wherever applicable Total 26.06 0.00% 4.00% 8.00% 12.00% 16.00%

Market Capitalisation wise Exposure NAV Movement Tata Multi Asset Opportunities Fund - Reg - Growth Large Cap 65.16% 150 65% S&P BSE 200 TRI + 15% CRISIL Short Term Bond Fund Index + 20%iCOMDEX Composite Index Mid Cap 26.70% 136 122 Small Cap 8.15% 108 94

Market Capitalisation is as per list provided by AMFI. 80 Mar-20 Jul-20 Nov-20 Mar-21 www.tatamutualfund.com Mutual Fund investments are subject to market risks, read all scheme related documents carefully TATA MUTUAL FUND 34