Tata Ethical Fund (An open ended equity scheme following Shariah principles)

As on 30th June 2020 PORTFOLIO

No. of Market Value % of No. of Market Value % of INVESTMENT STYLE Company name Company name An equity scheme which invests primarily in equities of Shares Rs. Lakhs Assets Shares Rs. Lakhs Assets

Shariah compliant companies and other instrument if Equity & Equity Related Total 49401.57 90.21 Oil allowed under Shariah principles. Auto Oil & Natural Gas Co. 925000 752.49 1.37 INVESTMENT OBJECTIVE Hero Motocorp Ltd. 31300 797.20 1.46 Pesticides To provide medium to long- term capital gains by investing Auto Ancillaries Rallis India Ltd. 502000 1366.95 2.50 in Shariah compliant equity and equity related instruments Wabco India Ltd. 15800 1087.06 1.99 Petroleum Products of well-researched value and growth - oriented companies. Sundram Fasteners Ltd. 267000 999.38 1.83 Corporation Ltd. 435000 1626.90 2.97

Tata Ethical Fund aims to generate medium to long term Amara Raja Batteries Ltd. 116849 759.99 1.39 Ltd. 505000 634.79 1.16 capital growth by investing in equity and equity related Cement Pharmaceuticals instruments of shariah compliant companies. Ltd. 3800 875.94 1.60 Alkem Laboratories Ltd. 83000 1965.69 3.59 DATE OF ALLOTMENT Commercial Services Ltd. 93750 1569.75 2.87 May 24,1996 3M India Ltd. 4500 845.79 1.54 Lupin Ltd. 145000 1322.11 2.41 Consumer Durables Software FUND MANAGER Ltd. 113000 1073.33 1.96 Tata Consultancy Services Ltd. 265000 5517.70 10.08 Ennette Fernandes (Managing Since 20-Apr-20 and overall Bata India Ltd. 80000 1044.96 1.91 Ltd. 627000 4614.41 8.43 experience of 10 years) & Rupesh Patel (Managing Since Consumer Non Durables HCL Technologies Ltd. 310000 1726.24 3.15 20-Apr-20 and overall experience of 18 years) Ltd. 158000 3444.40 6.29 Ltd. 150000 815.10 1.49 Ltd. 420000 1627.29 2.97 Tata Elxsi Ltd. 86000 771.68 1.41 BENCHMARK Nestle India Ltd. 7000 1202.21 2.20 Nifty 500 Shariah TRI Akzo Nobel India Ltd. 65000 1192.23 2.18 Other Equities^ 3013.03 5.50 (India) Ltd. 64000 1079.97 1.97 Portfolio Total 49401.57 90.21 NAV Gas Cash / Net Current Asset 5359.55 9.79 Direct - Growth : 164.7897 Ltd. 380000 1680.74 3.07 Net Assets 54761.12 100.00 Direct - Dividend : 90.4862 Petronet Lng Ltd. 540000 1393.47 2.54 Reg - Growth : 153.4400 Industrial Capital Goods ^ Exposure less than 1% has been clubbed under Other Equities Reg - Dividend : 62.6315 Ltd. 93000 1019.88 1.86 Thermax Ltd. 81696 616.76 1.13 FUND SIZE Industrial Products Rs. 547.61 (Rs. in Cr.) Carborundum Universal Ltd. 370000 1029.90 1.88 Astral Poly Technik Ltd. 76000 725.46 1.32 MONTHLY AVERAGE AUM Supreme Industries Ltd. 55000 620.24 1.13 Rs. 537.01 (Rs. in Cr.) India Ltd. 150000 588.53 1.07 TURN OVER

Portfolio Turnover (Total) 40.45% Portfolio Turnover (Equity component only) 40.45% SIP - If you had invested INR 10000 every month EXPENSE RATIO** 1 Year 3 Year 5 Year 7 Year 10 Year Since Inception Direct 1.35 Regular 2.51 Total Amount Invested (Rs.) 120,000 360,000 600,000 840,000 1,200,000 2,860,000 **Note: The rates specified are actual month end expenses charged Total Value as on Jun 30, 2020 (Rs.) 120,537 357,108 639,431 1,018,234 1,851,371 27,965,797 as on June 30, 2020. The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, Returns 0.83% -0.52% 2.51% 5.42% 8.40% 16.19% proportionate charge (out of maximum 30 bps on daily average net Total Value of B: Nifty 500 Shariah TRI 123,599 365,318 690,309 1,125,093 2,034,057 3,408,278 assets allowed) in respect sales beyond T-30 cities assets, wherever applicable. B: Nifty 500 Shariah TRI 5.63% 0.96% 5.55% 8.22% 10.18% 10.38% VOLATILITY MEASURES^ FUND BENCHMARK Total Value of AB: Nifty 50 TRI 115,000 351,928 665,038 1,041,500 1,791,685 15,693,386 Std. Dev (Annualised) 16.52 17.10 AB: Nifty 50 TRI -7.67% -1.47% 4.07% 6.05% 7.78% 12.40% Sharpe Ratio 0.01 0.03 (Inception date :24-May-1996) (First Installment date : 01-Sep-1996) Portfolio Beta 0.95 1.00 R Squared 0.96 1.00 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 Treynor 0.04 0.15 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 Jenson -0.10 NA month has been considered. ^Risk-free rate based on the FBIL Overnight MIBOR rate For scheme performance refer pages 49 - 61. of 3.89% as on Jun 30, 2020 *B: Benchmark, AB: Additional Benchmark For calculation methodology please refer to Pg 61 Source: MFI Explorer MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT Rs. 5,000/- and in multiples of Re. 1/- thereafter. Top 10 Holdings Equity Sector Allocation Issuer Name % to NAV ADDITIONAL INVESTMENT/ IT 24.55% MULTIPLES FOR EXISTING INVESTORS Tata Consultancy Services Ltd. 10.08 Consumer Goods 20.96% Rs. 1,000/- and multiples of Re. 1/- thereafter. Infosys Ltd. 8.43 Hindustan Unilever Ltd. 6.29 Oil & Gas 11.12% LOAD STRUCTURE Alkem Laboratories Ltd. 3.59 Industrial Manufacturing 9.90% Entry Load : Not Applicable HCL Technologies Ltd. 3.15 Pharma 8.87% Indraprastha Gas Ltd. 3.07 Automobile 6.65% Exit Load : 1% of the applicable NAV, if redeemed on or before 365 days from the date of Bpcl 2.97 Fertilisers & Pesticides 3.32% allotment. (w.e.f. 6th April, 2015) Tata Consumer Products Ltd. 2.97 Cement & Cement Products 3.30% Ipca Labs 2.87 Services 1.54% Please refer to our Tata Mutual Fund website for Petronet Lng Ltd. 2.54 fundamental changes, wherever applicable Total 45.96 0.00% 6.00% 12.00% 18.00% 24.00% 30.00%

Market Capitalisation wise Exposure NAV Movement Tata Ethical Fund - Reg - Growth Nifty 500 Shariah TRI Large Cap 66.94% 130 Mid Cap 25.82% 120 110 Small Cap 7.25% 100 90

Market Capitalisation is as per list provided by AMFI. 80 Jun-17 Jun-18 Jun-19 Jun-20 www.tatamutualfund.com Mutual Fund investments are subject to market risks, read all scheme related documents carefully TATA MUTUAL FUND 20