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 Flexi Cap Fund o i L g (An open ended dynamic equity scheme investing across large cap, mid cap, small cap stocks.) h Riskometer Investors understand that their principal As on 30th June 2021 PORTFOLIO will be at Very High Risk

INVESTMENT STYLE Company name No. of Market Value % of Company name No. of Market Value % of Primarily focuses on investing in equity and equity related Shares Rs. Lakhs Assets Shares Rs. Lakhs Assets

instruments of well researched companies across market Equity & Equity Related Total 187154.99 96.56 Leisure Services capitalization. Auto Jubilant Foodworks Ltd. 115000 3542.23 1.83 INVESTMENT OBJECTIVE Ltd. 102000 2724.57 1.41 Easy Trip Planners Ltd. 500000 1970.00 1.02 The investment objective of the Scheme is to generate capital India Ltd. 27000 2029.29 1.05 Pesticides appreciation over medium to long term. However, there is no Auto Ancillaries Astec Lifesciences Ltd. 173000 2327.97 1.20 assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any MRF Ltd. 4750 3803.78 1.96 Bayer Cropscience Ltd. 35000 2025.92 1.05 returns. Banks Petroleum Products DATE OF ALLOTMENT ICICI Bank Ltd. 2361000 14895.55 7.68 Ltd. 650000 13719.23 7.08 September 06,2018 HDFC Bank Ltd. 900000 13481.10 6.95 Pharmaceuticals Ltd. 361000 6158.12 3.18 Dr Reddys Laboratories Ltd. 73200 3969.67 2.05 FUND MANAGER Ltd. 761500 5698.30 2.94 Procter & Gamble Health Ltd. 49400 2741.55 1.41 Sonam Udasi (Managing Since 17-Aug-18 and overall State 700000 2934.40 1.51 Power experience of 23 years) Cement Power Grid Corporation Of India Ltd. 1580000 3671.92 1.89 ASSISTANT FUND MANAGER Ltd. 1720000 5859.18 3.02 Retailing Abhinav Sharma (Managing Since 01-Nov-19 and Consumer Durables (India) Ltd. 69300 3406.61 1.76 overall experience of 14 years) (India) Ltd. 106147 4692.81 2.42 Matrimony.Com Ltd. 281121 2708.46 1.40 Ltd. 207000 3586.28 1.85 Software BENCHMARK Ltd. 312000 3190.04 1.65 Ltd. 556000 8789.25 4.53 S&P BSE 500 TRI Consumer Non Durables Tata Consultancy Services Ltd. 259500 8682.22 4.48 ITC Ltd. HCL Technologies Ltd. NAV 3060000 6202.62 3.20 557000 5478.10 2.83 3M India Ltd. 18340 4462.41 2.30 Oracle Financials Services Soft Ltd. 73200 2672.90 1.38 Direct - IDCW : 15.1971 Ltd. 480000 3621.12 1.87 Birlasoft Ltd. 634000 2533.46 1.31 Direct - Growth : 15.1971 Kansai Nerolac Paints Ltd. 485000 2789.72 Ltd. 83000 2158.42 Regular - IDCW : 14.4401 1.44 1.11 Regular - Growth : 14.4401 . 370000 2114.00 1.09 Other Equities^ 1827.57 0.94 Finance OTHERS FUND SIZE Sbi Cards And Payment Services Ltd. 577500 5604.06 2.89 INVITS Rs. 1938.67 (Rs. in Cr.) Housing Development Finance Corporation Ltd. 79000 1955.45 1.01 Powergrid Infrastructure Investment Trust 733600 831.10 0.43 MONTHLY AVERAGE AUM Industrial Products OTHERS TOTAL 831.10 0.43 Polycab India Ltd. 221000 4364.86 2.25 Rs. 1947.42 (Rs. in Cr.) Grindwell Norton Ltd. 243100 3019.18 1.56 Repo 5461.37 2.82 TURN OVER Ltd. 272025 2072.56 1.07 Portfolio Total 193447.46 99.79 Portfolio Turnover (Total) 78.15% Insurance Cash / Net Current Asset 419.34 0.21 Portfolio Turnover (Equity component only) 78.15% HDFC Life Insurance Co. Ltd. 575000 3946.23 2.04 Net Assets 193866.80 100.00 ICICI Prudential Life Insurance Company Ltd. 525000 3216.68 1.66 EXPENSE RATIO** ^ Exposure less than 1% has been clubbed under Other Equities ICICI Lombard General Insurance Co. Ltd. 160000 2507.20 1.29 Direct 0.75 Regular 2.16 SIP - If you had invested INR 10000 every month **Note: The rates specified are actual month end expenses charged as on Jun 30, 2021. The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, 1 Year 3 Year 5 Year 7 Year 10 Year Since Inception proportionate charge (out of maximum 30 bps on daily average net Total Amount Invested (Rs.) 120,000 NA NA NA NA 330,000 assets allowed) in respect sales beyond T-30 cities assets, wherever applicable. Total Value as on Jun 30, 2021 (Rs.) 144,277 NA NA NA NA 441,889 VOLATILITY MEASURES^ FUND BENCHMARK Returns 39.82% NA NA NA NA 21.90% Std. Dev (Annualised) 19.08 23.44 Total Value of B: S&P BSE 500 TRI 153,082 NA NA NA NA 476,032 Sharpe Ratio 0.19 0.19 Portfolio Beta 0.81 1.00 B: S&P BSE 500 TRI 55.20% NA NA NA NA 27.90% R Squared 0.94 1.00 Total Value of AB: S&P BSE Sensex TRI 145,732 NA NA NA NA 452,035 Treynor 1.30 1.26 AB: S&P BSE Sensex TRI 42.33% NA NA NA NA 23.71% Jenson 0.03 NA ^Risk-free rate based on the FBIL Overnight MIBOR rate of 3.36% as (Inception date :06-Sep-2018) (First Installment date : 01-Oct-2018) on Jun 30, 2021 For calculation methodology please refer to Pg 68 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 MINIMUM INVESTMENT / on the 1st day of every month has been considered. MULTIPLES FOR NEW INVESTMENT For scheme performance refer pages 52 - 68. Rs. 5,000/- and in multiples of Re. 1/- thereafter. B: Benchmark Source: MFI Explorer ADDITIONAL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS Top 10 Holdings Equity Sector Allocation Rs. 1,000/- and in multiples of Re. 1/- thereafter. Issuer Name % to NAV Financial Services 31.15% LOAD STRUCTURE ICICI Bank Ltd. 7.68 IT 16.58% Entry Load : Not Applicable Reliance Industries Ltd. 7.08 Consumer Goods 15.81% Exit Load : HDFC Bank Ltd. 6.95 Oil & Gas 7.08% 1) Redemption/Switch-out/SWP/STP on or before expiry of 12 Months Infosys Ltd. 4.53 Consumer Services 6.00% from the date of allotment: If the withdrawal amount or switched out Tata Consultancy Services Ltd. 4.48 Industrial Manufacturing 4.88% amount is not more than 12% of the original cost of investment - NIL Automobile 4.41% ITC Ltd. 3.20 2) Redemption/Switch-out/SWP/STP on or before expiry of 12 Months Pharma 3.46% from the date of allotment: If the withdrawal amount or switched out Kotak Mahindra Bank 3.18 amount is more than 12% of the original cost of investment - 1% Ambuja Cements Ltd. 3.02 Cement & Cement Products 3.02% 3) Redemption/Switch-out/SWP/STP after expiry of 12 Months from Axis Bank Ltd. 2.94 Fertilisers & Pesticides 2.25% the date of allotment - NIL (w.e.f. 03 June, 2019) Sbi Cards & Payment Services Ltd. 2.89 Power 1.89% Please refer to our Tata Mutual Fund website for Total 45.95 0.00% 8.00% 16.00% 24.00% 32.00% 40.00% fundamental changes, wherever applicable

Market Capitalisation wise Exposure NAV Movement Large Cap 73.47% Tata Flexi Cap Fund - Reg - Growth 150 S&P BSE 500 TRI Mid Cap 18.35% 132 Small Cap 8.18% 114 96 78 60 Market Capitalisation is as per list provided by AMFI. Sep-18 Aug-19 Jul-20 Jun-21 www.tatamutualfund.com Mutual Fund investments are subject to market risks, read all scheme related documents carefully TATA MUTUAL FUND 9