Tata Resources & Energy Fund (An open ended equity scheme investing in Resources and Energy Sector)

As on 31st May 2020 PORTFOLIO

INVESTMENT STYLE Company name No. of Market Value % of Company name No. of Market Value % of Primarily focuses on investment in at least 80% of its net Shares Rs. Lakhs Assets Shares Rs. Lakhs Assets assets in equity/equity related instruments of the Equity & Equity Related Total 2862.59 93.75 Non - Ferrous Metals companies in the Resources & Energy sectors in India. Cement Vedanta Ltd. 60000 55.32 1.81 INVESTMENT OBJECTIVE Ultratech Cement Ltd. 6700 261.62 8.57 Ltd. 39000 54.15 1.77 The investment objective of the scheme is to provide ACC Ltd. 9000 114.32 3.74 National Aluminium Co. Ltd. 130000 38.22 1.25 long term capital appreciation by investing atleast 80% of it’s net assets in equity/equity related instruments of Ltd. 400 83.43 2.73 Pesticides the companies in the Resources& Energy sectors in Ltd. 30000 57.47 1.88 Pi Industries Ltd. 6500 100.05 3.28 India.However, there is no assurance or guarantee that the investment objective of the Scheme will be Chemicals Bayer Cropscience Ltd. 1700 91.37 2.99 achieved.The Scheme does not assure or guarantee any Fine Organic Industries Ltd. 4600 89.19 2.92 Upl Ltd. 20000 81.17 2.66 returns. Navin Fluorine International Ltd. 5500 86.11 2.82 Rallis India Ltd. 30000 63.84 2.09 DATE OF ALLOTMENT Ltd. 14000 69.73 2.28 Petroleum Products December 28, 2015 Aarti Industries Ltd. 6800 66.38 2.17 Ltd. 20000 292.88 9.59

FUND MANAGER Basf India Ltd. 4000 43.47 1.42 Corporation Ltd. 59000 202.25 6.62 Satish Chandra Mishra (Managing Since 20-Apr-20 and Ferrous Metals Corporation Ltd. 80000 155.64 5.10 overall experience of 13 years) & Rahul Singh Ltd. 50000 147.60 4.83 Power (Managing Since 20-Apr-20 and overall experience of 23 Jindal Steel & Power Ltd. 60000 72.93 2.39 Torrent Power Ltd. 41000 130.56 4.28 years) Tata Metaliks Ltd. 13500 56.34 1.85 Power Grid Corporation Of India Ltd. 50000 78.78 2.58 BENCHMARK Fertilisers Company Ltd. 160000 58.48 1.92 Nifty Commodities TRI Chambal Fertiliser & Chemicals Ltd. 50000 64.90 2.13 Gas Other Equities^ 1.04 0.03 NAV Ltd. 15000 70.82 2.32 Repo 144.52 4.73 Direct - Dividend : 14.7131 Direct - Growth : 14.7131 Gas Ltd. 28500 68.56 2.25 Portfolio Total 3007.11 98.48 Regular - Dividend : 12.4857 Gujarat State Petronet Ltd. 29000 57.28 1.88 Cash / Net Current Asset 46.32 1.52 Regular - Growth : 13.6260 Minerals/Mining Net Assets 3053.43 100.00

FUND SIZE NMDC Ltd. 60000 48.69 1.59 ^ Exposure less than 1% has been clubbed under Other Equities Rs. 30.53 (Rs. in Cr.)

MONTHLY AVERAGE AUM Rs. 28.97 (Rs. in Cr.)

TURN OVER SIP - If you had invested INR 10000 every month Portfolio Turnover (Total) 97.05% 1 Year 3 Year 5 Year 7 Year 10 Year Since Inception Portfolio Turnover (Equity component only) 97.05% Total Amount Invested (Rs.) 120,000 360,000 NA NA NA 530,000 EXPENSE RATIO** Total Value as on May 31, 2020 (Rs.) 118,074 344,122 NA NA NA 540,615 Direct 1.10 Regular 2.52 Returns -3.00% -2.92% NA NA NA 0.89% **Note: The rates specified are actual month end expenses charged Total Value of B: Nifty Commodities TRI 106,200 292,984 NA NA NA 471,098 as on May 31, 2020. The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, B: Nifty Commodities TRI -20.85% -12.98% NA NA NA -5.22% proportionate charge (out of maximum 30 bps on daily average net NA NA 533,270 assets allowed) in respect sales beyond T-30 cities assets, wherever Total Value of AB: Nifty 50 TRI 105,177 327,748 NA applicable. AB: Nifty 50 TRI -22.33% -6.03% NA NA NA 0.27% VOLATILITY MEASURES^ FUND BENCHMARK (Inception date :28-Dec-2015) (First Installment date : 01-Jan-2016) Std. Dev (Annualised) 21.35 24.25 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 Sharpe Ratio -0.05 -0.09 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 Portfolio Beta 0.84 1.00 R Squared 0.91 1.00 considered. Treynor -0.34 -0.61 For scheme performance refer pages 49 - 61. Jenson 0.22 NA *B: Benchmark, AB: Additional Benchmark ^Risk-free rate based on the FBIL Overnight MIBOR rate of 4.04% as Source: MFI Explorer on May 29, 2020 For calculation methodology please refer to Pg 61 MINIMUM INVESTMENT / Top 10 Holdings Equity Sector Allocation MULTIPLES FOR NEW INVESTMENT Issuer Name % to NAV Oil & Gas 27.75% Rs. 5,000/- and in multiples of Re. 1/- thereafter. Reliance Industries Ltd. 9.59 Ultratech Cement Ltd. 8.57 Cement & Cement Products 16.93% ADDITIONAL INVESTMENT/ Bpcl 6.62 MULTIPLES FOR EXISTING INVESTORS H.p.c.l. 5.10 Metals 15.50% Rs. 1,000/- and in multiples of Re. 1/- thereafter. Tata Steel Ltd. 4.83 Torrent Power Ltd. Fertilisers & Pesticides 13.14% LOAD STRUCTURE 4.28 ACC Ltd. 3.74 Chemicals 11.66% Entry Load : Not Applicable P.i. Industries Ltd. 3.28 Exit Load : 0.25% of NAV if redeemed on or before Bayer Cropscience Ltd. 2.99 Power 8.77% expiry of 3 months from the date of Fine Organic Industries Ltd. 2.92 allotment. Total 51.92 0.00% 6.00% 12.00% 18.00% 24.00% 30.00% Please refer to our Tata Mutual Fund website for fundamental changes, wherever applicable Market Capitalisation wise Exposure NAV Movement

Large Cap 57.08% Tata Resources & Energy Fund - Reg - Growth Nifty Commodities TRI 130 Mid Cap 25.04% 116 Small Cap 17.89% 102 88 74 Market Capitalisation is as per list provided by AMFI. 60 May-17 May-18 May-19 May-20 www.tatamutualfund.com Mutual Fund investments are subject to market risks, read all scheme related documents carefully TATA MUTUAL FUND 25