Modera erate tely Mod High to H w te ig o ra h L de o M V e r y w H Tata Equity P/E Fund o i L g (An open ended equity scheme following a value investment strategy) h Riskometer Investors understand that their principal As on 28th February 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 invests at least 70% of the net assets in equity Shares Rs. Lakhs Assets Shares Rs. Lakhs Assets shares whose rolling P/E ratio on past four quarter earnings Equity & Equity Related Total 443798.40 97.47 Petroleum Products for individual companies is less than rolling P/E of the S&P Auto Reliance Industries Ltd. 1715000 35771.47 7.86 BSE SENSEX stocks. Escorts Ltd. 697000 9136.97 2.01 Pharmaceuticals INVESTMENT OBJECTIVE Bajaj Auto Ltd. 225800 8577.46 1.88 Alembic Pharmaceuticals Ltd. 1095000 10082.21 2.21 The investment objective of the Scheme is to provide Auto Ancillaries Dr Reddys Laboratories Ltd. 196800 8711.45 1.91 reasonable and regular income and/or possible capital appreciation to its Unitholder. However, there is no MRF Ltd. 12100 10224.28 2.25 Cipla Ltd. 850000 6689.93 1.47 assurance or guarantee that the investment objective of the Exide Industries Ltd. 3300000 6689.10 1.47 Power Scheme will be achieved. The scheme does not assure or Ceat Ltd. 408700 6516.31 1.43 Power Grid Corporation Of India Ltd. 6000000 12858.00 2.82 guarantee any returns. Banks Services DATE OF ALLOTMENT HDFC Bank Ltd. 2484000 38114.50 8.37 Indian Railway Catering And Tourism 630000 11085.80 2.43 June 29, 2004 ICICI Bank Ltd. 6180000 36940.95 8.11 Corporation Ltd. FUND MANAGER Axis Bank Ltd. 2150000 15583.20 3.42 Software Sonam Udasi (Managing Since 1-Apr-16 and overall State Bank Of India 2800000 10924.20 2.40 Infosys Ltd. 2295000 28763.24 6.32 experience of 23 years) Cement HCL Technologies Ltd. 1955000 17779.75 3.91 ASSISTANT FUND MANAGER ACC Ltd. 800000 13865.60 3.05 Oracle Financials Services Soft Ltd. 304000 9252.54 2.03 Amey Sathe (Managing Since 18-Jun-18 and overall Commercial Services Wipro Ltd. 1540000 6318.62 1.39 experience of 13 years) 3M India Ltd. 30660 7000.52 1.54 Telecom - Services BENCHMARK Consumer Durables Indus Towers Ltd. 1850000 4769.30 1.05 S&P BSE Sensex TRI Voltas Ltd. 513000 5223.11 1.15 NAV Consumer Non Durables Other Equities^ 12053.79 2.65 Direct - Growth : 175.6743 ITC Ltd. 12250000 24971.63 5.48 Treps 7997.90 1.76 Direct - Dividend (Trigger Option A 5%) : 73.8505 Radico Khaitan Ltd. 1679287 9566.06 2.10 Repo 7252.55 1.59 Direct - Dividend (Trigger Option B 10%) : 71.1791 Jubilant Foodworks Ltd. 5001.48 1.10 167000 Portfolio Total 459048.85 100.82 Reg - Growth : 163.0567 Tata Consumer Products Ltd. 810000 4934.12 1.08 Net Current Liabilities -3745.33 -0.82 Reg - Dividend (Trigger Option A 5%) : 69.6691 Finance Reg - Dividend (Trigger Option B 10%) : 65.2027 Net Assets 455303.52 100.00 Housing Development Finance 1038000 26358.97 5.79 FUND SIZE Corporation Ltd. ^ Exposure less than 1% has been clubbed under Other Equities Rs. 4553.04 (Rs. in Cr.) Muthoot Finance Ltd. 640000 8318.08 1.83 MONTHLY AVERAGE AUM HDFC Life Insurance Co. Ltd. 800000 5605.20 1.23 Rs. 4683.80 (Rs. in Cr.) Gas TURN OVER Petronet Lng Ltd. 3960000 10103.94 2.22 Media & Entertainment Portfolio Turnover (Total) 63.06% Portfolio Turnover (Equity component only) 63.06% Sun Tv Network Ltd. 1820000 8976.24 1.97 Pesticides EXPENSE RATIO** Rallis India Ltd. 2750000 7030.38 1.54 Direct 0.80 Regular 1.97 **Note: The rates specified are actual month end expenses charged as on Feb 28, 2021. The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net SIP - If you had invested INR 10000 every month assets allowed) in respect sales beyond T-30 cities assets, wherever applicable. 1 Year 3 Year 5 Year 7 Year 10 Year Since Inception VOLATILITY MEASURES^ FUND BENCHMARK Total Amount Invested (Rs.) 120,000 360,000 600,000 840,000 1,200,000 2,000,000 Std. Dev (Annualised) 22.26 22.33 Total Value as on Feb 28, 2021 (Rs.) 153,850 446,209 804,885 1,305,134 2,590,068 8,121,010 Sharpe Ratio 0.06 0.16 Returns 57.39% 14.54% 11.74% 12.40% 14.73% 15.15% Portfolio Beta 0.95 1.00 R Squared 0.92 1.00 Total Value of B: S&P BSE Sensex TRI 157,657 481,847 907,381 1,393,724 2,472,898 6,769,675 Treynor 0.39 1.04 B: S&P BSE Sensex TRI 64.31% 20.00% 16.62% 14.24% 13.87% 13.30% Jenson -0.62 NA (Inception date :29-Jun-2004) (First Installment date : 01-Jul-2004) PE 35.30 33.86 ^Risk-free rate based on the FBIL Overnight MIBOR rate of 3.47% as 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. on Feb 26, 2021 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. For calculation methodology please refer to Pg 66 For scheme performance refer pages 50-65. *B: Benchmark MINIMUM INVESTMENT/ Source: MFI Explorer MULTIPLES FOR NEW INVESTMENT Rs. 5,000/- and in multiples of Re. 1/- thereafter. ADDITIONAL INVESTMENT/ Top 10 Holdings Equity Sector Allocation MULTIPLES FOR EXISTING INVESTORS Issuer Name % to NAV Financial Services 32.15% Rs. 1,000/- and multiples of Re. 1/- thereafter. HDFC Bank Ltd. 8.37 IT 14.62% LOAD STRUCTURE ICICI Bank Ltd. 8.11 Consumer Goods 10.92% Reliance Industries Ltd. 7.86 Oil & Gas 10.08% Entry Load : Not Applicable Infosys Ltd. 6.32 Automobile 9.04% Exit Load : 1) On or before expiry of 12 months from the date Pharma 5.60% of allotment: If the withdrawal amount or switched HDFC Ltd. 5.79 Services 4.64% out amount is not more than 12% of the original ITC Ltd. 5.48 Cement & Cement Products cost of investment: NIL 3.05% 2) On or before expiry of 12 months from the date HCL Technologies Ltd. 3.91 Power 2.82% of allotment: If the withdrawal amount or switched Axis Bank Ltd. 3.42 Media & Entertainment 1.97% out amount is more than 12% of the original cost ACC Ltd. 3.05 Fertilisers & Pesticides 1.54% of investment: 1% Telecom 1.05% 3) Redemption after expiry of 12 months from the Power Grid Corporation Of India Ltd. 2.82 date of allotment: NIL (w.e.f. 3rd May, 2019) Total 55.13 0.00% 8.00% 16.00% 24.00% 32.00% 40.00% Please refer to our Tata Mutual Fund website for fundamental changes, wherever applicable Market Capitalisation wise Exposure NAV Movement

73.16% Tata Equity P/E Fund - Reg - Growth Large Cap 160 S&P BSE Sensex TRI Mid Cap 21.63% 140 120 Small Cap 5.21% 100 80 60 Market Capitalisation is as per list provided by AMFI. Feb-18 Feb-19 Feb-20 Feb-21 www.tatamutualfund.com Mutual Fund investments are subject to market risks, read all scheme related documents carefully TATA MUTUAL FUND 11