Tata Quant Fund (An Open Ended Equity Scheme following quant based investing theme)

As on 30th April 2020 PORTFOLIO INVESTMENT STYLE Primarily focuses on investing in equity and equity related Company name No. of Market Value % of Company name No. of Market Value % of instruments following quant based investing theme. Shares Rs. Lakhs Assets Shares Rs. Lakhs Assets INVESTMENT OBJECTIVE Equity & Equity Related Total 9279.38 93.43 Hotels Resorts And Other Recreational Activities The investment objective of the scheme is to generate Auto Indian Hotels Co. Ltd. 384423 307.15 3.09 medium to long-term capital appreciation by investing in Hero Motocorp Ltd. 16135 349.60 3.52 Industrial Products equity and equity related instruments selected based on a Mahindra & Mahindra Ltd. 90534 331.94 3.34 Ltd. 124190 384.00 3.87 quantitative model (Quant Model). India Ltd. 5981 320.51 3.23 Pesticides However, there is no assurance or guarantee that the Auto Ancillaries Upl Ltd. 73210 307.52 3.10 investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns. Ltd. 317251 305.51 3.08 Pharmaceuticals Endurance Technologies Ltd. 42776 289.66 2.92 Syngene International Ltd. 99272 319.76 3.22 DATE OF ALLOTMENT Banks Software January 22, 2020 Indusind Bank Ltd. 77603 363.30 3.66 Ltd. 39144 285.22 2.87 FUND MANAGER Ltd. 660813 322.48 3.25 Transportation Sailesh Jain (Managing Since 28-Jan-20 and overall Ltd. 121647 319.14 3.21 Adani Ports And Special Economic Zone Ltd. 97787 283.68 2.86 experience of 15 years) Ltd. 213103 307.61 3.10 HDFC Bank Ltd. 29030 290.82 2.93 Repo 682.02 6.87 BENCHMARK Cement Portfolio Total 9961.40 100.30 S&P BSE 200 TRI ACC Ltd. 29227 344.62 3.47 Net Current Liabilities -29.77 -0.30 NAV The Ltd. 54048 298.72 3.01 Net Assets 9931.63 100.00 Direct - Dividend : 7.9877 Ltd. 163441 280.55 2.82 ^ Exposure less than 1% has been clubbed under Other Equities Direct - Growth : 7.9877 Construction Regular - Dividend : 7.9357 Oberoi Realty Ltd. 98673 339.93 3.42 Regular - Growth : 7.9357 Construction Project FUND SIZE Larsen & Toubro Ltd. 31399 281.82 2.84 Consumer Durables Rs. 99.32 (Rs. in Cr.) Ltd. 51896 321.13 3.23 MONTHLY AVERAGE AUM Consumer Non Durables Rs. 89.07 (Rs. in Cr.) Ltd. 49825 333.60 3.36 United Breweries Ltd. 26261 246.49 2.48 TURN OVER . 85620 226.51 2.28 Portfolio Turnover (Total) 89.95% Ferrous Metals Portfolio Turnover (Equity component only) 89.95% Jsw Steel Ltd. 167310 302.25 3.04 EXPENSE RATIO** Finance Direct 0.89 Bajaj Holdings & Investment Ltd. 16250 331.14 3.33 Regular 2.68 Mahindra And Mahindra Financial Services Ltd. 191624 318.00 3.20 **Note: The rates specified are actual month end expenses charged Cholamandalam Investment & Finance Co Ltd. 178807 285.11 2.87 as on Apr 30, 2020. The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, Ltd. 5517 281.61 2.84 proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-30 cities assets, wherever applicable. SIP - If you had invested INR 10000 every month VOLATILITY MEASURES^ FUND BENCHMARK 1 Year 3 Year 5 Year 7 Year 10 Year Since Inception Std. Dev (Annualised) 68.88 54.62 Total Amount Invested (Rs.) NA NA NA NA NA 30,000 Sharpe Ratio -0.33 -0.34 Total Value as on Apr 30, 2020 (Rs.) NA NA NA NA NA 28,682 Portfolio Beta 1.04 1.00 R Squared 0.99 1.00 Returns NA NA NA NA NA -24.59% Treynor -6.24 -5.30 Total Value of B: S&P BSE 200 TRI NA NA NA NA NA 29,165 Jenson -0.97 NA B: S&P BSE 200 TRI NA NA NA NA NA -16.22% ^Risk-free rate based on the FBIL Overnight MIBOR rate (Inception date :22-Jan-2020) (First Installment date : 01-Feb-2020) of 4.41% as on Apr 30, 2020 For calculation methodology please refer to Pg 61 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. MINIMUM INVESTMENT/ For scheme performance refer pages 49-61. MULTIPLES FOR NEW INVESTMENT *B: Benchmark, AB: Additional Benchmark

Growth option: Rs 5,000/- and in multiple of Re.1/- Source: MFI Explorer thereafter Dividend (payout): Rs 5,000/- and in multiple of Re.1/- thereafter Top 10 Holdings Equity Sector Allocation

ADDITIONAL INVESTMENT/ Issuer Name % to NAV Financial Services 28.39% MULTIPLES FOR EXISTING INVESTORS Bharat Forge Ltd. 3.87 Automobile 16.08% Indusind Bank Ltd. 3.66 Consumer Goods 11.35% Rs.1000/-& in multiples of Re.1/-thereafter. Hero Motocorp Ltd. 3.52 Cement & Cement Products 9.30% LOAD STRUCTURE ACC Ltd. 3.47 Construction 6.26% Services 5.95% Entry Load : Not Applicable Oberoi Realty Ltd. 3.42 Varun Beverages Ltd. 3.36 Industrial Manufacturing 3.87% Exit Load : 1% of the applicable NAV, if Mahindra & Mahindra Ltd. 3.34 Pharma 3.22% redeemed/switched out on or before Fertilisers & Pesticides 3.10% Bajaj Holdings & Investment Ltd. 3.33 expiry of 365 days from the date of Federal Bank Ltd. 3.25 Metals 3.04% allotment. IT Maruti Suzuki India Ltd. 3.23 2.87% Please refer to our Tata Mutual Fund website for Total 34.45 0.00% 6.00% 12.00% 18.00% 24.00% 30.00% fundamental changes, wherever applicable

Market Capitalisation wise Exposure NAV Movement Tata Quant Fund - Reg - Growth S&P BSE 200 TRI Large Cap 49.95% 110 100 Mid Cap 50.05% 90 Small Cap 0.00% 80 70 60 Market Capitalisation is as per list provided by AMFI. Jan-20 Feb-20 Mar-20 Apr-20

www.tatamutualfund.com Mutual Fund investments are subject to market risks, read all scheme related documents carefully TATA MUTUAL FUND 27