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 31st July 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 185889.49 93.44 Leisure Services capitalization. Auto Jubilant Foodworks Ltd. 115000 4341.42 2.18 INVESTMENT OBJECTIVE Ltd. 102000 2580.86 1.30 Easy Trip Planners Ltd. 500000 2045.50 1.03 The investment objective of the Scheme is to generate capital Auto Ancillaries Pesticides appreciation over medium to long term. However, there is no MRF Ltd. 4750 3795.60 1.91 Astec Lifesciences Ltd. 173000 2401.59 1.21 assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any Banks Bayer Cropscience Ltd. 34921 2017.88 1.01 returns. ICICI Bank Ltd. 2200000 15015.00 7.55 Petroleum Products DATE OF ALLOTMENT HDFC Bank Ltd. 560000 7988.12 4.02 Ltd. 565000 11499.45 5.78 September 06,2018 Ltd. 761500 5398.27 2.71 Pharmaceuticals Ltd. 225000 3723.30 1.87 Dr Reddys Laboratories Ltd. 73200 3448.60 1.73 FUND MANAGER State 700000 3022.60 1.52 Procter & Gamble Health Ltd. 49400 2646.56 1.33 Sonam Udasi (Managing Since 17-Aug-18 and overall Cement Power experience of 24 years) Ltd. 1720000 7071.78 3.55 Power Grid Corporation Of India Ltd. 2106667 3605.56 1.81 ASSISTANT FUND MANAGER Consumer Durables Retailing Abhinav Sharma (Managing Since 01-Nov-19 and (India) Ltd. 99147 4267.88 2.15 (India) Ltd. 69300 3613.86 1.82 overall experience of 15 years) Ltd. 207000 3549.12 1.78 Zomato Ltd. 2447297 3267.14 1.64 Ltd. 312000 3304.70 1.66 Matrimony.Com Ltd. 281121 3241.04 1.63 BENCHMARK Greenpanel Industries Ltd. 965000 2437.59 1.23 Avenue Supermarts Ltd. 59000 2065.47 1.04 S&P BSE 500 TRI Crompton Greaves Consumer Electricals Ltd. 430000 2094.53 1.05 Software Consumer Non Durables Ltd. NAV 556000 8954.38 4.50 ITC Ltd. 3060000 6271.47 3.15 Tata Consultancy Services Ltd. 259500 8219.53 4.13 Direct - IDCW : 15.5829 3M India Ltd. 18340 4522.81 2.27 HCL Technologies Ltd. 557000 5708.97 2.87 Direct - Growth : 15.5829 Ltd. 480000 3630.00 Oracle Financials Services Soft Ltd. 73200 3158.91 Regular - IDCW : 14.7895 1.82 1.59 Regular - Growth : 14.7895 Kansai Nerolac Paints Ltd. 485000 3035.86 1.53 Birlasoft Ltd. 659000 2646.87 1.33 . 370000 2020.39 1.02 Larsen & Toubro Infotech Ltd. 44889 2102.76 1.06 FUND SIZE Finance Ltd. 71000 2034.29 1.02 Rs. 1989.29 (Rs. in Cr.) Sbi Cards And Payment Services Ltd. 577500 5987.23 3.01 MONTHLY AVERAGE AUM Industrial Products Other Equities^ 520.88 0.26 Polycab India Ltd. 215400 3986.30 2.00 Rs. 1965.64 (Rs. in Cr.) Repo 13815.43 6.94 Grindwell Norton Ltd. 243100 3043.86 1.53 Portfolio Total 199704.92 100.39 TURN OVER Ltd. 272025 2099.08 1.06 Net Current Liabilities -776.31 -0.39 Portfolio Turnover (Total) 76.18% Insurance Net Assets 198928.61 100.00 Portfolio Turnover (Equity component only) 76.18% HDFC Life Insurance Co. Ltd. 575000 3818.29 1.92 ICICI Prudential Life Insurance Company Ltd. 525000 3322.99 1.67 ^ Exposure less than 1% has been clubbed under Other Equities EXPENSE RATIO** ICICI Lombard General Insurance Co. Ltd. 160000 2361.20 1.19 Direct 0.76 Regular 2.17 SIP - If you had invested INR 10000 every month **Note: The rates specified are actual month end expenses charged as on Jul 31, 2021. The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, borrowing 1 Year 3 Year 5 Year 7 Year 10 Year Since Inception cost, wherever applicable. Total Amount Invested (Rs.) 120,000 NA NA NA NA 340,000 VOLATILITY MEASURES^ FUND BENCHMARK Total Value as on Jul 31, 2021 (Rs.) 143,194 NA NA NA NA 462,809 Std. Dev (Annualised) 18.80 23.09 Returns 38.06% NA NA NA NA 22.49% Sharpe Ratio 0.20 0.19 Portfolio Beta 0.81 1.00 Total Value of B: S&P BSE 500 TRI 149,313 NA NA NA NA 493,457 R Squared 0.94 1.00 B: S&P BSE 500 TRI 48.69% NA NA NA NA 27.50% Treynor 1.33 1.25 Jenson 0.07 NA Total Value of AB: S&P BSE Sensex TRI 141,244 NA NA NA NA 463,726 ^Risk-free rate based on the FBIL Overnight MIBOR rate of 3.40% as AB: S&P BSE Sensex TRI 34.72% NA NA NA NA 22.64% on Jul 30, 2021 For calculation methodology please refer to Pg 68 (Inception date :06-Sep-2018) (First Installment date : 01-Oct-2018) Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized. Income Distribution cum capital MINIMUM INVESTMENT / MULTIPLES FOR NEW INVESTMENT 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. Rs. 5,000/- and in multiples of Re. 1/- thereafter. For scheme performance refer pages 53 - 68. ADDITIONAL INVESTMENT/ B: Benchmark MULTIPLES FOR EXISTING INVESTORS Source: MFI Explorer Rs. 1,000/- and in multiples of Re. 1/- thereafter. Top 10 Holdings Equity Sector Allocation LOAD STRUCTURE Issuer Name % to NAV Financial Services 25.72% Entry Load : Not Applicable ICICI Bank Ltd. 7.55 Consumer Goods 17.66% Exit Load : Reliance Industries Ltd. 5.78 IT 16.50% 1) Redemption/Switch-out/SWP/STP on or before expiry of 12 Months Infosys Ltd. 4.50 Consumer Services 7.69% from the date of allotment: If the withdrawal amount or switched out Tata Consultancy Services Ltd. 4.13 Oil & Gas 5.78% amount is not more than 12% of the original cost of investment - NIL Industrial Manufacturing 4.59% 2) Redemption/Switch-out/SWP/STP on or before expiry of 12 Months HDFC Bank Ltd. 4.02 Cement & Cement Products 3.55% from the date of allotment: If the withdrawal amount or switched out Ambuja Cements Ltd. 3.55 amount is more than 12% of the original cost of investment - 1% Automobile 3.21% 3) Redemption/Switch-out/SWP/STP after expiry of 12 Months from ITC Ltd. 3.15 Pharma 3.06% the date of allotment - NIL (w.e.f. 03 June, 2019) Sbi Cards & Payment Services Ltd. 3.01 Fertilisers & Pesticides 2.22% HCL Technologies Ltd. 2.87 Power 1.81% Please refer to our Tata Mutual Fund website for Media & Entertainment 1.64% fundamental changes, wherever applicable Axis Bank Ltd. 2.71 Total 41.27 0.00% 6.00% 12.00% 18.00% 24.00% 30.00%

Market Capitalisation wise Exposure NAV Movement Large Cap 70.24% Tata Flexi Cap Fund - Reg - Growth 150 S&P BSE 500 TRI Mid Cap 19.55% 132 Small Cap 10.21% 114 96 78 60 Market Capitalisation is as per list provided by AMFI. Sep-18 Aug-19 Aug-20 Jul-21 www.tatamutualfund.com Mutual Fund investments are subject to market risks, read all scheme related documents carefully TATA MUTUAL FUND 9