Tata Equity P/E Reg Gr Category Suggested Horizon Equity - Value Fund 3 Years and above

Investment Objective Trailing Returns Investment Growth To provide reasonable and regular income and/ or Period Inv Bmk1 Time Period: 12/1/2014 to 11/30/2019 possible capital appreciation to its Unitholder. 3 months 8.03 9.31 170.0

6 months 1.12 0.09 160.0 1 Year 6.61 7.73 150.0 2 Years 0.56 3.54 3 Years 10.64 11.50 140.0 5 Years 10.11 7.24 130.0 Manager Biography Drawdown 120.0 Sonam Udasi since 4/1/2016 Time Period: 12/1/2016 to 11/30/2019 110.0 Operations Inv Bmk1 100.0

Inception Date 6/29/2004 Max Drawdown -13.07 -12.40 90.0 Max Drawdown # of Periods 2.00 2.00 80.0 Minimum Initial 5,000 2015 2017 2019 Max Drawdown Peak Date 9/1/2018 9/1/2018 Annual Report Net Expense Ratio 1.95 Max Drawdown Valley Date 10/31/2018 10/31/2018 Tata Equity P/E Reg Gr IISL Nifty 500 PR INR

Turnover Ratio % 42.93 Leading Detractors Leading Contributors Time Period: 12/1/2018 to 11/30/2019 Time Period: 12/1/2018 to 11/30/2019 NAV (Mo-End) 138.15 Rescaled Rescaled Return Contribution Return Contribution Weight Weight

Mahindra & Mahindra Ltd 3.20 -31.96 -1.34 Risk Reward Ltd 7.35 33.58 2.58

Std Dev 13.36 ITC Ltd 5.55 -12.13 -0.82 ICICI Bank Ltd 4.07 42.68 1.96

Alpha -1.65 Ltd 1.31 -31.19 -0.75 Housing Development Finance Corp Ltd 10.03 16.58 1.58 Sharpe Ratio 0.57 Future Retail Ltd 1.29 -35.56 -0.58 Muthoot Finance Ltd 2.67 53.01 1.19 Treynor Ratio 7.54 Mahindra & Mahindra Financial Services Ltd 2.04 -20.34 -0.47 HDFC Bank Ltd 5.44 20.81 1.14 R-Squared 88.58 Returns Asset Allocation Calculation Benchmark: IISL Nifty 500 PR INR Portfolio Date: 11/30/2019 80.0 69.5 % 60.0 39.4 Stock 98.4 40.0 35.9 37.8 Bond 0.0 20.0 16.2 7.0 Cash 1.6 5.4 3.8 0.3 0.0 Other 0.0 -0.7 -7.1 -3.4 Total 100.0 -20.0

Return YTD 2018 2017 2016 2015 2014

Market Capitalization Tata Equity P/E Reg Gr IISL Nifty 500 PR INR Portfolio Date: 11/30/2019 % Sector Allocation Portfolio Holdings Giant 51.7 Portfolio Date: 11/30/2019 Portfolio Date: 11/30/2019 Large 24.0 Basic Materials % 4.49 % Mid 20.7 Consumer Cyclical % 12.70 Housing Development Finance Corp Ltd 9.9 Reliance Industries Ltd 9.3 Small 3.7 Financial Services % 46.77 HDFC Bank Ltd 6.9 Micro 0.0 Real Estate % 0.00 ICICI Bank Ltd 6.9 Total 100.0 Consumer Defensive % 7.80 ITC Ltd 6.7 Healthcare % 2.09 Larsen & Toubro Ltd 4.5 Past performance is not a guarantee of future returns. The value of Utilities % 2.02 Ltd 3.1 investments may fall as well as rise and investors may not get back Communication Services % 1.94 Corp Ltd 2.8 the full amount invested. Any decision to invest should be based on a Ltd 2.8 Energy % 12.22 full reading of the offer document. In case of any discrepancy MRF Ltd 2.7 between this sheet and the offer document in force, the offer Industrials % 7.95 Other 44.5 document shall prevail. Technology % 2.03 Total 100.0

Portfolio Date: 11/30/2019