Tata Equity Savings Fund (An open-ended scheme investing in equity, arbitrage and debt)

As on 31st July 2020 PORTFOLIO % to % to % to NAV Company name Company name INVESTMENT STYLE NAV NAV Derivative Predominantly investing in equity and equity related instruments, Equity & Equity Related Total 68.32 NMDC Ltd. 0.98 Unhedge Positions 35.26 NMDC Ltd.- Future -0.99 equity arbitrage opportunities and debt and money market instruments. Auto Jsw Steel Ltd. 0.98 Mahindra & Mahindra Ltd. 1.41 Jsw Steel Ltd.- Future -0.99 INVESTMENT OBJECTIVE Ltd. 0.52 Upl Ltd. 0.96 The investment objective of the scheme is to provide long term capital Banks Upl Ltd.- Future -0.96 appreciation and income distribution to the investors by predominantly HDFC Bank Ltd. 3.71 Century Textiles & Industries Ltd. 0.93 investing in equity and equity related instruments, equity arbitrage ICICI Bank Ltd. 2.87 Century Textiles & Industries Ltd.- Future -0.93 State 1.36 Upl Ltd. 0.83 opportunities and investments in debt and money market instruments. Ltd. 0.70 Upl Ltd.- Future -0.83 However, there is no assurance or guarantee that the investment Cement Ltd. 0.45 objective of the Scheme will be achieved. The scheme does not assure Ultratech Cement Ltd. 1.02 United Spirits Ltd.- Future -0.45 or guarantee any returns. Construction Project Name of the Instrument Ratings % to Larsen & Toubro Ltd. 1.35 NAV Consumer Durables DATE OF ALLOTMENT Debt Instruments Ltd. 1.41 Non-Convertible Debentures/Bonds/Zcb 10.33 April 27, 2000 Ltd. 0.99 09.75 % Jamnagar Utilities & Power Pvt. Ltd. (Mukesh Ambani Group) CRISIL- AAA 5.77 Consumer Non Durables 06.40 % Nabard CRISIL- AAA 2.14 FUND MANAGER Ltd. 1.84 Edelweiss Rural & Corporate Services Ltd. - Zcb CRISIL AA 1.14 Ltd. 0.71 Sailesh Jain (Managing Since 9-Nov-18 and overall experience of 17 Jm Financial Asset Reconstruction Company Ltd. - Zcb CRISIL- AA- 0.61 Finance years) (for equity portfolio) & Murthy Nagarajan (Managing since Edelweiss Retail Finance Ltd. - Zcb CRISIL AA 0.57 Housing Development Finance Corporation Ltd. 2.02 1-Apr-17 and overall experience of 24 years) (for Debt Portfolio) 08.32 % Ltd. CRISIL- AAA 0.11 Central Depository Services (India) Ltd. 0.72 Margin Deposits 14.36 ICICI Prudential Life Insurance Company Ltd. 0.36 Rbl Bank Ltd. 8.24 BENCHMARK Cholamandalam Investment & Finance Co Ltd. 0.15 HDFC Bank Ltd. 3.08 Industrial Capital Goods NIFTY Equity Savings Index (w.e.f. Jun 3, 2019) Ltd. 3.04 Abb India Ltd. 0.42 NAV Pesticides Upl Ltd. 0.70 Repo 5.56 Monthly Dividend : 13.1916 Pi Industries Ltd. 0.36 Portfolio Total 98.57 Growth : 33.7905 Petroleum Products Cash / Net Current Asset 1.43 Periodic Dividend : 16.2019 Reliance Industries Ltd. 3.85

Direct - Growth : 36.4298 Reliance Industries Ltd. (Partly Paidup) (Rights 02062020) 0.25 Net Assets 100.00 Direct - Monthly Dividend : 15.0053 Pharmaceuticals Direct - Periodic Dividend : 17.7293 Divi Laboratories Ltd. 0.92 Sun Pharmaceutical Industries Ltd. 0.30 Power FUND SIZE Ltd. 0.54 Rs. 97.07 (Rs. in Cr.) NTPC Ltd. 0.47 Power Grid Corporation Of India Ltd. 0.28 MONTHLY AVERAGE AUM Software Ltd. 2.55 Rs. 97.45 (Rs. in Cr.) Tata Consultancy Services Ltd. 2.06 Telecom - Services TURN OVER Ltd. 1.44 Portfolio Turnover (Total) 790.60% Company name % to % to NAV NAV Derivative Portfolio Turnover (Equity component only) 230.29% Hedge Positions 33.06 -33.18 EXPENSE RATIO** Divi Laboratories Ltd. 5.39 Divi Laboratories Ltd.- Future -5.41 Direct 1.19 Corporation Ltd. 4.55 Regular 2.30 Hindustan Petroleum Corporation Ltd.- Future -4.57 **Note: The rates specified are actual month end expenses charged as Adani Ports And Special Economic Zone Ltd. 3.00 on Jul 31, 2020. The above ratio includes the Service tax on Adani Ports And Special Economic Zone Ltd.- Future -3.02 Housing Development Finance Corporation Ltd. 2.64 Investment Management Fees. The above ratio excludes, proportionate Housing Development Finance Corporation Ltd.- Future -2.66 charge (out of maximum 30 bps on daily average net assets allowed) Sbi Life Insurance Company Ltd. 2.40 in respect sales beyond T-30 cities assets, wherever applicable. Sbi Life Insurance Company Ltd.- Future -2.41 Hindustan Unilever Ltd. 1.84 VOLATILITY MEASURES^ FUND BENCHMARK Hindustan Unilever Ltd.- Future -1.85 Std. Dev (Annualised) 7.06 7.57 Lupin Ltd. 1.79 Lupin Ltd.- Future Sharpe Ratio -0.02 0.20 -1.78 Bharti Airtel Ltd. 1.69 Portfolio Beta 0.86 1.00 Bharti Airtel Ltd.- Future -1.69 R Squared 0.90 1.00 ICICI Bank Ltd. 1.62 Treynor -0.05 0.43 ICICI Bank Ltd.- Future -1.63 Jenson -0.41 NA Tata Consultancy Services Ltd. 1.55 Tata Consultancy Services Ltd.- Future -1.56 Portfolio Macaulay Duration : 0.51 Years Power Finance Corporation Ltd. 1.45 Modified Duration : 0.49 Years Power Finance Corporation Ltd.- Future -1.45 Average Maturity : 0.59 Years Gross Yield to Maturity (For Debt Component)* : 6.79% - Excluding Net Current Assets SIP - If you had invested INR 10000 every month * Computed on the invested amount for debt portfolio. 1 Year 3 Year 5 Year 7 Year 10 Year Since Inception ^Risk-free rate based on the FBIL Overnight MIBOR rate of 3.86% as on Jul 31, 2020 Total Amount Invested (Rs.) 120,000 360,000 600,000 840,000 1,200,000 2,430,000 Total Value as on Jul 31, 2020 (Rs.) 123,037 378,594 664,972 990,119 1,574,967 4,660,796 For calculation methodology please refer Pg 63 Returns 4.74% 3.30% 4.06% 4.63% 5.31% 6.01% Total stock in Portfolio : 37 Total Value of B: NIFTY Equity Savings Index 125,571 397,587 723,536 1,108,871 1,847,147 3,674,295 B: NIFTY Equity Savings Index 8.74% 6.56% 7.42% 7.81% 8.36% 8.48% MINIMUM INVESTMENT/ Total Value of AB: Nifty 50 TRI 125,030 377,674 712,892 1,111,443 1,915,373 10,840,561 MULTIPLES FOR NEW INVESTMENT AB: Nifty 50 TRI 7.88% 3.14% 6.83% 7.87% 9.04% 13.07% Growth Option: Rs 5,000/- and in multiple of Re.1/- thereafter (Inception date :27-Apr-2000) (First Installment date : 01-May-2000) Dividend Option : 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. Dividends 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 49-63. MULTIPLES FOR EXISTING INVESTORS *B: Benchmark; AB: Additional Benchmark Source: MFI Explorer Rs. 1,000/- and multiples of Re. 1/- thereafter.

LOAD STRUCTURE Top 10 Holdings Equity Sector Allocation Entry Load : Not Applicable Issuer Name % to NAV Financial Services 20.01% Oil & Gas 8.65% Exit Load : Reliance Industries Ltd. 3.85 Pharma 8.39% 1) Redemption/Switch-out/SWP/STP on or before expiry of 90 days HDFC Bank Ltd. 3.71 Consumer Goods 7.24% from the date of allotment: If the withdrawal amount or switched out ICICI Bank Ltd. 2.87 It 6.16% amount is not more than 12% of the original cost of investment - NIL Telecom 3.13% 2) Redemption/Switch-out/SWP/STP on or before expiry of 90 days Infosys Ltd. 2.55 Services 3.00% from the date of allotment: If the withdrawal amount or switched out Tata Consultancy Services Ltd. 2.06 Fertilisers & Pesticides 2.86% Metals 1.96% amount is more than 12% of the original cost of investment - 0.25% Housing Development Finance Corporation Ltd. 3) Redemption/Switch-out/SWP/STP after expiry of 90 days from the 2.02 Automobile 1.92% date of allotment - NIL Hindustan Unilever Ltd. 1.84 Construction 1.35% (w.e.f. 03 June, 2019) Power 1.28% Bharti Airtel Ltd. 1.44 Cement & Cement Products 1.02% Please refer to our Tata Mutual Fund website for Titan Company Ltd. 1.41 Paper 0.93% Mahindra & Mahindra Ltd. 1.41 Industrial Manufacturing 0.42% fundamental changes, wherever applicable Total 23.16 0.00% 4.00% 8.00% 12.00% 16.00% 20.00% 24.00%

Market Capitalisation wise Exposure (Equity component only) NAV Movement Large Cap Tata Equity Savings Fund - Reg - Mthly Dividend 90.99% 130 NIFTY Equity Savings Index Mid Cap 6.97% 122 114 Small Cap 2.04% 106 98 90 Market Capitalisation is as per list provided by AMFI. Jul-17 Jul-18 Jul-19 Jul-20 www.tatamutualfund.com Mutual Fund investments are subject to market risks, read all scheme related documents carefully TATA MUTUAL FUND 29