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 30th June 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 456534.49 97.63 Petroleum Products for individual companies is less than rolling P/E of the S&P Auto Ltd. 1615000 34087.00 7.29 BSE SENSEX stocks. Ltd. 220800 9127.54 1.95 Pharmaceuticals INVESTMENT OBJECTIVE Ltd. 2400000 8150.40 1.74 Alembic Pharmaceuticals Ltd. 1005000 9891.21 2.11 The investment objective of the Scheme is to provide Escorts Ltd. 390484 4764.30 1.02 Dr Reddys Laboratories Ltd. 133800 7256.04 1.55 reasonable and regular income and/or possible capital appreciation to its Unitholder. However, there is no Auto Ancillaries Power assurance or guarantee that the investment objective of the MRF Ltd. 10600 8488.43 1.81 Power Grid Corporation Of Ltd. 7700000 17894.80 3.83 Scheme will be achieved. The scheme does not assure or Banks Company Ltd. 4600000 5616.60 1.20 guarantee any returns. ICICI Bank Ltd. 6000000 37854.00 8.09 Software DATE OF ALLOTMENT HDFC Bank Ltd. 2400000 35949.60 7.69 Ltd. 1955000 30904.64 6.61 June 29, 2004 Ltd. 1700000 12721.10 2.72 HCL Technologies Ltd. 2175000 21391.13 4.57 FUND MANAGER State 2800000 11737.60 2.51 Oracle Financials Services Soft Ltd. 276120 10082.52 2.16 Sonam Udasi (Managing Since 1-Apr-16 and overall Capital Markets Tata Consultancy Services Ltd. 300000 10037.25 2.15 experience of 23 years) Uti Asset Management Company Ltd. 1010000 8621.87 1.84 Ltd. 500000 5477.25 1.17 ASSISTANT FUND MANAGER Cement Ltd. 190000 4940.95 1.06 Amey Sathe (Managing Since 18-Jun-18 and overall ACC Ltd. 700000 14103.60 3.02 Transportation experience of 13 years) Consumer Durables Indian Railway Catering And Tourism 480000 9762.48 2.09 BENCHMARK Greenpanel Industries Ltd. 2800000 6517.00 1.39 Corporation Ltd. S&P BSE Sensex TRI Ltd. 513000 5245.17 1.12 NAV Consumer Non Durables Other Equities^ 18036.16 3.87 ITC Ltd. 25236.15 5.40 Direct - Growth : 189.6779 12450000 Repo 5255.28 1.12 Radico Khaitan Ltd. 1679287 12747.47 2.73 Direct - IDCW (Trigger Option A 5%) : 78.7922 Portfolio Total 461789.77 98.72 Direct - IDCW (Trigger Option B 10%) : 76.8544 3M India Ltd. 30660 7460.05 1.59 Cash / Net Current Asset 5948.28 1.28 Reg - Growth : 175.4193 Ltd. 619000 4669.74 1.00 Reg - IDCW (Trigger Option A 5%) : 73.9962 Entertainment Net Assets 467738.05 100.00 Reg - IDCW (Trigger Option B 10%) : 70.1407 Sun Tv Network Ltd. 1820000 9641.45 2.06 ^ Exposure less than 1% has been clubbed under Other Equities FUND SIZE Finance Rs. 4677.38 (Rs. in Cr.) Housing Development Finance 1027300 25428.24 5.44 MONTHLY AVERAGE AUM Corporation Ltd. Rs. 4729.02 (Rs. in Cr.) Ltd. 350000 5185.78 1.11 TURN OVER Insurance HDFC Life Insurance Co. Ltd. 5490.40 1.17 Portfolio Turnover (Total) 58.38% 800000 Portfolio Turnover (Equity component only) 58.38% ICICI Lombard General Insurance Co. Ltd. 319000 4998.73 1.07 Pesticides EXPENSE RATIO** Rallis India Ltd. 2160000 7017.84 1.50 Direct 0.91 Regular 1.97 **Note: The rates specified are actual month end expenses charged as on Jun 30, 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 2,040,000 Std. Dev (Annualised) 21.81 22.21 Total Value as on Jun 30, 2021 (Rs.) 143,874 471,550 822,387 1,324,478 2,680,181 8,778,756 Sharpe Ratio 0.10 0.18 Returns 39.13% 18.38% 12.58% 12.79% 15.36% 15.40% Portfolio Beta 0.95 1.00 R Squared 0.93 1.00 Total Value of B: S&P BSE Sensex TRI 145,732 496,067 927,725 1,436,282 2,569,272 7,312,397 Treynor 0.69 1.13 B: S&P BSE Sensex TRI 42.33% 22.01% 17.48% 15.06% 14.57% 13.59% Jenson -0.42 NA (Inception date :29-Jun-2004) (First Installment date : 01-Jul-2004) PE 34.28 31.97 ^Risk-free rate based on the FBIL Overnight MIBOR rate of 3.36% as 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 on Jun 30, 2021 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 calculation methodology please refer to Pg 68 For scheme performance refer pages 52-68. *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 32.62% Rs. 1,000/- and multiples of Re. 1/- thereafter. ICICI Bank Ltd. 8.09 IT 17.71% LOAD STRUCTURE HDFC Bank Ltd. 7.69 Consumer Goods 13.23% Reliance Industries Ltd. 7.29 Oil & Gas 8.27% Entry Load : Not Applicable Infosys Ltd. 6.61 Automobile 7.42% Exit Load : 1) On or before expiry of 12 months from the date Power 5.03% of allotment: If the withdrawal amount or switched HDFC Ltd. 5.44 Pharma 3.67% out amount is not more than 12% of the original ITC Ltd. 5.40 Cement & Cement Products 3.02% cost of investment: NIL 2) On or before expiry of 12 months from the date HCL Technologies Ltd. 4.57 Services 2.09% of allotment: If the withdrawal amount or switched Power Grid Corporation Of India Ltd. 3.83 Media, Entertainment & Publication 2.06% out amount is more than 12% of the original cost ACC Ltd. 3.02 Fertilisers & Pesticides 1.50% of investment: 1% Consumer Services 0.99% 3) Redemption after expiry of 12 months from the Radico Khaitan Ltd. 2.73 date of allotment: NIL (w.e.f. 3rd May, 2019) Total 54.67 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

71.73% Tata Equity P/E Fund - Reg - Growth Large Cap 160 S&P BSE Sensex TRI Mid Cap 19.71% 140 120 Small Cap 8.56% 100 80 60 Market Capitalisation is as per list provided by AMFI. Jun-18 Jun-19 Jun-20 Jun-21 www.tatamutualfund.com Mutual Fund investments are subject to market risks, read all scheme related documents carefully TATA MUTUAL FUND 11