Modera erate tely Mod High to H w te ig o ra h L de o M V e r y w H Tata Balanced Advantage Fund o i L g (An open ended dynamic asset allocation fund.) h Riskometer Investors understand that their principal As on 31st March 2021 PORTFOLIO will be at Moderately High Risk Company name % to Company name % to % to NAV INVESTMENT STYLE NAV NAV Derivative Dynamically investing in equity and equity related instruments, equity Equity & Equity Related Total 66.01 Tata Consultancy Services Ltd. 0.24 arbitrage opportunities and debt and money market instruments. Unhedge Positions 42.44 Tata Consultancy Services Ltd.- Future -0.24 INVESTMENT OBJECTIVE Banks Vedanta Ltd. 0.20 The investment objective of the Scheme is to provide capital ICICI Bank Ltd. 2.74 Vedanta Ltd.- Future -0.20 appreciation and income distribution to the investors by using equity HDFC Bank Ltd. 1.82 Ltd. 0.11 derivatives strategies, arbitrage opportunities and pure equity investments. However, there is no assurance or guarantee that the State Bank Of 1.40 United Spirits Ltd.- Future -0.11 investment objective of the Scheme will be achieved. The scheme does Cement & Cement Products Ltd. 0.08 not assure or guarantee any returns. Ultratech Cement Ltd. 1.08 Hindalco Industries Ltd.- Future -0.08 Construction Project Others 0.42 DATE OF ALLOTMENT Larsen & Toubro Ltd. 1.36 REITS January 28,2019 Finance Brookfield India Real Estate Trust 0.42 Housing Development Finance Corporation Ltd. 1.14 FUND MANAGER Name of the Instrument Ratings % to Petroleum Products NAV Rahul Singh (Managing Since 09-Jan-19 and overall experience of 25 Ltd. 2.20 years), Sailesh Jain (Managing Since 09-Jan-19 and overall Debt Instruments Power experience of 17 years), Akhil Mittal (Managing Since 09-Jan-19 and Government Securities 5.07 overall experience of 19 years) Power Grid Corporation Of India Ltd. 1.27 GOI - 7.16% (20/05/2023) SOV 1.86 Software GOI 8.20% (15/02/2022) SOV 1.15 BENCHMARK Ltd. 2.77 GOI - 7.68% (15/12/2023) SOV 0.71 CRISIL Hybrid 35+65 - Aggressive Index HCL Technologies Ltd. 1.32 GOI - 5.22% (15/06/2025) SOV 0.65 Telecom - Services GOI - 8.13% (21/09/2022) SOV 0.47 NAV Ltd. 1.63 GOI - 6.97% (06/09/2026) SOV 0.23 Other Equities^ 23.69 GOI - 5.77% (03/08/2030) SOV 0.00 Direct - IDCW : 13.6053 Non-Convertible Debentures/Bonds/Zcb 20.23 Direct - Growth : 13.6053 Company name % to % to NAV Regular - IDCW : 13.0855 NAV Derivative 05.00 % Nabard CRISIL- AAA 2.22 06.44 % Indian Oil Corp Ltd. 1.37 Regular - Growth : 13.0855 Hedge Positions 23.57 -23.06 CRISIL- AAA 06.22 % HDFC Ltd. CRISIL- AAA 1.35 Bank Nifty April 2021 Future 0.65 05.69 % Rec Ltd. CRISIL- AAA 1.34 FUND SIZE Ltd. 1.52 08.20 % Power Finance Corporation CRISIL- AAA 1.19 Rs. 2259.89 (Rs. in Cr.) Grasim Industries Ltd.- Future -1.53 06.83 % Power Finance Corporation CRISIL- AAA 1.14 ICICI Bank Ltd. 1.46 06.92 % Rec Ltd. CRISIL- AAA 1.14 MONTHLY AVERAGE AUM ICICI Bank Ltd.- Future -1.47 05.84 % Tata Capital Financial Services Ltd. CRISIL- AAA 1.11 Rs. 2134.47 (Rs. in Cr.) Adani Ports And Special Economic Zone Ltd. 1.27 08.71 % Hdb Financial Services Ltd. CRISIL- AAA 1.11 Adani Ports And Special Economic Zone Ltd.- Future -1.28 06.40 % Embassy Office Parks Reit CRISIL- AAA 1.09 TURN OVER Larsen & Toubro Ltd. 1.09 07.20 % HDFC Ltd. CRISIL- AAA 0.92 Portfolio Turnover (Total) 527.17% Larsen & Toubro Ltd.- Future -1.09 07.70 % Ltd. CRISIL- AAA 0.69 Portfolio Turnover (Equity component only) 122.61% Housing Development Finance Corporation Ltd. 1.07 07.10 % Bajaj Finance Ltd. CRISIL- AAA 0.68 Housing Development Finance Corporation Ltd.- Future -1.08 07.15 % Ltd. ICRA- AA 0.67 EXPENSE RATIO** Infosys Ltd. 1.02 Sundaram Fin Ltd. - Zcb CRISIL- AAA 0.46 07.04 % Power Finance Corporation CRISIL- AAA 0.46 Direct 0.67 Infosys Ltd.- Future -1.03 06.50 % Nabard CRISIL- AAA 0.46 Regular 2.10 Bharti Airtel Ltd. 0.99 06.00 % Bharti Hexacom Ltd. CRISIL- AA 0.43 Bharti Airtel Ltd.- Future -1.00 **Note: The rates specified are actual month end expenses charged 06.65 % Ltd. IND AAA 0.31 as on Mar 31, 2021. The above ratio includes the Service tax on Ltd. 0.98 Investment Management Fees. The above ratio excludes, 06.59 % Indian Railways Finance Corporation Ltd. CRISIL- AAA 0.27 -0.99 proportionate charge (out of maximum 30 bps on daily average net Tata Steel Ltd.- Future 10.21 % Bajaj Finance Ltd. CRISIL- AAA 0.24 assets allowed) in respect sales beyond T-30 cities assets, wherever ITC Ltd. 0.92 applicable. 07.55 % Rec Ltd. CRISIL- AAA 0.23 ITC Ltd.- Future -0.93 07.65 % Jamnagar Utilities & Power Pvt. Ltd. CRISIL- AAA 0.23 VOLATILITY MEASURES^ FUND BENCHMARK State .- Future 0.89 (Mukesh Ambani Group) Std. Dev (Annualised) 12.70 14.65 .- Future -0.89 07.00 % HDFC Ltd. CRISIL- AAA 0.23 Sharpe Ratio 0.22 0.22 Ltd. 0.83 07.13 % Nhpc Ltd. ICRA- AAA 0.23 Portfolio Beta 0.81 1.00 Tech Mahindra Ltd.- Future -0.84 05.32 % National Housing Bank CRISIL- AAA 0.22 R Squared 0.96 1.00 Ltd. 0.79 08.39 % Nabard CRISIL- AAA 0.13 Treynor 1.00 0.90 Tata Motors Ltd.- Future -0.80 08.20 % HDFC Ltd. CRISIL- AAA 0.13 Jenson 0.07 NA (India) Ltd. 0.77 07.47 % Power Finance Corporation CRISIL- AAA 0.05 ^Risk-free rate based on the FBIL Overnight MIBOR rate of 3.5% as Asian Paints (India) Ltd.- Future -0.77 07.35 % Power Finance Corporation CRISIL- AAA 0.05 on Mar 31, 2021 07.18 % Rec Ltd. CRISIL- AAA 0.02 For calculation methodology please refer to Pg 66 Company Ltd. 0.72 Tata Power Company Ltd.- Future -0.73 09.75 % Rec Ltd. CRISIL- AAA 0.02 07.73 % Power Finance Corporation CRISIL- AAA 0.01 Portfolio Macaulay Duration : 1.53 Years Dr Reddys Laboratories Ltd. 0.68 Modified Duration : 1.47 Years Money Market Instruments 6.54 Dr Reddys Laboratories Ltd.- Future -0.68 Average Maturity : 1.64 Years Treasury Bill 182 Days (13/05/2021) SOVRN SOV 1.10 Ltd. 0.66 Gross Yield to Maturity (For Debt Component)* Reliance Industries Ltd. - CP CRISIL- A1+ 1.10 - Including Net Current Assets : 3.91% Tata Consumer Products Ltd.- Future -0.67 Ltd. - CD CRISIL- A1+ 1.07 * Computed on the invested amount for debt portfolio. ACC Ltd. 0.61 Can Fin Homes Ltd. - CP ICRA- A1+ 0.66 ACC Ltd.- Future -0.62 Total stock in Portfolio 71 Treasury Bill 364 Days (12/08/2021) SOVRN SOV 0.66 Divi Laboratories Ltd. 0.55 Treasury Bill 364 Days (26/08/2021) SOVRN SOV 0.65 MINIMUM INVESTMENT/ Divi Laboratories Ltd.- Future -0.55 Treasury Bill 364 Days (22/07/2021) SOVRN SOV 0.44 MULTIPLES FOR NEW INVESTMENT Ltd. 0.52 Treasury Bill 364 Days (27/01/2022) SOVRN SOV 0.43 Birla Group Holdings Private Ltd. - CP (A Key Promoter CRISIL- A1+ 0.22 Rs. 5,000/- and in multiples of Re. 1/- thereafter. Wipro Ltd.- Future -0.52 India Ltd. 0.50 Group Company Of Promoters Holding ADDITIONAL INVESTMENT/ Maruti Suzuki India Ltd.- Future -0.51 Stakes In Companies Like Hindalco, Grasim, ABFRL, And MULTIPLES FOR EXISTING INVESTORS Sun Pharmaceutical Industries Ltd. 0.50 Aditya Birla Capital Ltd.) Treasury Bill 364 Days (19/08/2021) SOVRN SOV 0.22 Rs. 1,000/- and in multiples of Re. 1/- thereafter. Sun Pharmaceutical Industries Ltd.- Future -0.50 Margin Money Deposit 6.74 Mahindra & Mahindra Ltd. 0.48 HDFC Bank Ltd. 0.82 LOAD STRUCTURE Mahindra & Mahindra Ltd.- Future -0.48 0.09 Entry Load : Not Applicable Corporation Ltd. 0.47 Ltd. 0.35 Exit Load : Bharat Petroleum Corporation Ltd.- Future -0.47 Variable Margin 5.49 1) Redemption/Switch-out/SWP/STP on orbefore expiry of 365 days NTPC Ltd. 0.46 from the date of allotment: If the withdrawal amount or switched out NTPC Ltd.- Future -0.46 Repo 2.82 amount is not than 12% of the original cost of investment - Sbi Life Insurance Company Ltd. 0.38 Portfolio Total 107.84 NIL. Sbi Life Insurance Company Ltd.- Future -0.38 2) Redemption/Switch-out/SWP/STP on or before expiry of 365 days Net Current Liabilities -7.84 Corporation Ltd. 0.34 from the date of allotment: If the withdrawal amount or switched out Net Assets 100.00 amount is more than 12% of the original cost of investment - 1%. Hindustan Petroleum Corporation Ltd.- Future -0.35 3) Redemption / Switch-out/SWP/STP after expiry of 365 days from Lupin Ltd. 0.34 ^Exposure less than 1% has been clubbed under Other Equities the date of allotment - NIL. (w.e.f. 03 June, 2019) Lupin Ltd.- Future -0.34 Please refer to our Tata Mutual Fund website for Ltd. 0.34 fundamental changes, wherever applicable Titan Company Ltd.- Future -0.34 India Ltd. 0.31 Dabur India Ltd.- Future -0.31 Ltd. 0.30 Bajaj Auto Ltd.- Future -0.30 L&T Finance Holdings Ltd. 0.27 L&T Finance Holdings Ltd.- Future -0.27 Ltd. 0.26 Hindustan Unilever Ltd.- Future -0.26

www.tatamutualfund.com Mutual Fund investments are subject to market risks, read all scheme related documents carefully TATA MUTUAL FUND 30 Modera erate tely Mod High to H w te ig o ra h L de o M V e r y w H Tata Balanced Advantage Fund o i L g (An open ended dynamic asset allocation fund.) h Riskometer Investors understand that their principal will be at Moderately High Risk

SIP - If you had invested INR 10000 every month

1 Year 3 Year 5 Year 7 Year 10 Year Since Inception Total Amount Invested (Rs.) 120,000 NA NA NA NA 260,000 Total Value as on Mar 31, 2021 (Rs.) 140,329 NA NA NA NA 315,883 Returns 33.05% NA NA NA NA 18.38% Total Value of B: CRISIL Hybrid 35+65 - Aggressive Index 145,615 NA NA NA NA 326,491 B: CRISIL Hybrid 35+65 - Aggressive Index 42.08% NA NA NA NA 21.71% Total Value of AB: S&P BSE Sensex TRI 155,784 NA NA NA NA 338,228 AB: S&P BSE Sensex TRI 59.94% NA NA NA NA 25.33% (Inception date :28-Jan-2019) (First Installment date : 01-Feb-2019) Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized. Income Distribution cum capital 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. For scheme performance refer pages 50 - 65. *B: Benchmark Source: MFI Explorer

Top 10 Holdings Equity Sector Allocation

Issuer Name % to NAV Financial Services 13.72% Infosys Ltd. 2.77 IT 8.90% Consumer Goods 7.53% ICICI Bank Ltd. 2.74 Pharma 5.42% Reliance Industries Ltd. 2.20 Power 4.42% V HDFC Bank Ltd. 1.82 Oil & Gas 4.33% Construction 4.06% Bharti Airtel Ltd. 1.63 Cement & Cement Products 3.83% State Bank Of India 1.40 Automobile 3.39% Metals 2.69% Larsen & Toubro Ltd. 1.36 Telecom 2.63% HCL Technologies Ltd. 1.32 Industrial Manufacturing 1.81% Services Power Grid Corporation Of India Ltd. 1.27 1.27% Fertilisers & Pesticides 1.24% Housing Development Finance Corporation Ltd. 1.14 Healthcare Services 0.55%

Total 17.68 0.00% 4.00% 8.00% 12.00% 16.00%

Market Capitalisation wise Exposure (Equity component only) NAV Movement

Large Cap Tata Balanced Advantage Fund - Reg - Growth 72.56% 150 CRISIL Hybrid 35+65 - Aggressive Index 136 Mid Cap 21.20% 122

108 Small Cap 6.25% 94

80 Market Capitalisation is as per list provided by AMFI. Jan-19 Oct-19 Jul-20 Mar-21

www.tatamutualfund.com Mutual Fund investments are subject to market risks, read all scheme related documents carefully TATA MUTUAL FUND 31