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 Savings Fund o i L g (An open-ended scheme investing in equity, arbitrage and debt) h Riskometer Investors understand that their principal As on 31st December 2020 PORTFOLIO will be at Moderate Risk % to % to % to NAV Company name Company name INVESTMENT STYLE NAV NAV Derivative Predominantly investing in equity and equity related instruments, Equity & Equity Related Total 67.36 Reliance Industries Ltd. 2.19 equity arbitrage opportunities and debt and money market instruments. Unhedge Positions 35.00 Reliance Industries Ltd.- Future -2.20 Auto Tata Consultancy Services Ltd. 1.99 INVESTMENT OBJECTIVE Mahindra & Mahindra Ltd. 0.60 Tata Consultancy Services Ltd.- Future -2.00 The investment objective of the scheme is to provide long term capital Maruti Suzuki India Ltd. 0.46 Dabur India Ltd. 1.33 appreciation and income distribution to the investors by predominantly Banks Dabur India Ltd.- Future -1.34 investing in equity and equity related instruments, equity arbitrage HDFC Bank Ltd. 4.85 Ambuja Cements Ltd. 1.02 opportunities and investments in debt and money market instruments. ICICI Bank Ltd. 4.06 Ambuja Cements Ltd.- Future -1.02 However, there is no assurance or guarantee that the investment Kotak Mahindra Bank Ltd. 0.80 Tech Mahindra Ltd. 0.86 objective of the Scheme will be achieved. The scheme does not assure State Bank Of India 0.66 Tech Mahindra Ltd.- Future -0.86 or guarantee any returns. Cement HCL Technologies Ltd. 0.84 Ultratech Cement Ltd. 0.94 HCL Technologies Ltd.- Future -0.83 DATE OF ALLOTMENT ACC Ltd. 0.43 Bajaj Auto Ltd. 0.54 April 27, 2000 Construction Project Bajaj Auto Ltd.- Future -0.55 Larsen & Toubro Ltd. 0.95 ITC Ltd. 0.21 FUND MANAGER Consumer Durables ITC Ltd.- Future -0.21 Titan Company Ltd. 0.66 HDFC Bank Ltd. 0.08 Sailesh Jain (Managing Since 9-Nov-18 and overall experience of 17 Voltas Ltd. 0.59 HDFC Bank Ltd.- Future -0.08 years) (for equity portfolio) & Murthy Nagarajan (Managing since 1-Apr-17 and overall experience of 24 years) (for Debt Portfolio) Consumer Non Durables Name of the Instrument Ratings % to Hindustan Unilever Ltd. 1.25 NAV BENCHMARK Tata Consumer Products Ltd. 0.61 Debt Instruments Ferrous Metals NIFTY Equity Savings Index (w.e.f. Jun 3, 2019) Government Securities 8.80 Jindal Steel & Power Ltd. 0.48 GOI - 7.37% (16/04/2023) SOV 3.38 Finance NAV GOI - 5.09% (13/04/2022) SOV 3.21 Housing Development Finance Corporation Ltd. 2.96 GOI - 6.84% (19/12/2022) SOV 2.22 Monthly Dividend : 14.2538 Cholamandalam Investment & Finance Co Ltd. 0.29 Non-Convertible Debentures/Bonds/Zcb 10.81 Growth : 37.1365 Petroleum Products Periodic Dividend : 17.8023 09.75 % Jamnagar Utilities & Power Pvt. Ltd. CRISIL- AAA 5.96 Reliance Industries Ltd. 3.10 Direct - Growth : 40.2260 (Mukesh Ambani Group) Reliance Industries Ltd. (Partly Paidup) (Rights 02062020) 0.24 06.40 % Nabard CRISIL- AAA 2.19 Direct - Monthly Dividend : 16.3194 Pharmaceuticals Direct - Periodic Dividend : 19.6890 Edelweiss Rural & Corporate Services Ltd. - Zcb CRISIL AA 1.26 Divi Laboratories Ltd. 0.93 Jm Financial Asset Reconstruction Company Ltd. - Zcb CRISIL- AA- 0.66 FUND SIZE Sun Pharmaceutical Industries Ltd. 0.34 Edelweiss Retail Finance Ltd. - Zcb CRISIL AA 0.63 Power 08.32 % Reliance Industries Ltd. CRISIL- AA 0.11 Rs. 95.15 (Rs. in Cr.) Torrent Power Ltd. 0.53 Margin Deposits 12.15 NTPC Ltd. 0.39 MONTHLY AVERAGE AUM HDFC Bank Ltd. 3.14 Power Grid Corporation Of India Ltd. 0.30 Federal Bank Ltd. 1.05 Rs. 94.64 (Rs. in Cr.) Software Variable Margin 7.96 Infosys Ltd. 3.38 TURN OVER Tata Consultancy Services Ltd. 2.63 Treps 8.55 Telecom - Services Portfolio Turnover (Total) 851.97% 107.68 Portfolio Turnover (Equity component only) 244.50% Bharti Airtel Ltd. 2.14 Portfolio Total Transportation Cash / Net Current Asset /Liablities -7.68 EXPENSE RATIO** Adani Ports And Special Economic Zone Ltd. 0.46 Net Assets 100.00 Direct 1.20 Company name % to % to NAV Regular 2.31 NAV Derivative **Note: The rates specified are actual month end expenses charged as Hedge Positions 32.36 -32.47 on Dec 31, 2020. The above ratio includes the Service tax on Divi Laboratories Ltd. 5.73 Investment Management Fees. The above ratio excludes, proportionate Divi Laboratories Ltd.- Future -5.75 charge (out of maximum 30 bps on daily average net assets allowed) Maruti Suzuki India Ltd. 5.47 in respect sales beyond T-30 cities assets, wherever applicable. Maruti Suzuki India Ltd.- Future -5.49 VOLATILITY MEASURES^ FUND BENCHMARK Adani Ports And Special Economic Zone Ltd. 4.83 Adani Ports And Special Economic Zone Ltd.- Future -4.85 Std. Dev (Annualised) 7.56 7.93 Hindustan Petroleum Corporation Ltd. 2.78 Sharpe Ratio 0.10 0.24 Hindustan Petroleum Corporation Ltd.- Future -2.79 Portfolio Beta 0.89 1.00 Sbi Life Insurance Company Ltd. 2.28 R Squared 0.93 1.00 Sbi Life Insurance Company Ltd.- Future -2.29 Treynor 0.23 0.54 Tata Chemicals Ltd. 2.21 Jenson -0.27 NA Tata Chemicals Ltd.- Future -2.22 Portfolio Macaulay Duration : 0.65 Years Modified Duration : 0.62 Years Average Maturity : 0.71 Years SIP - If you had invested INR 10000 every month Gross Yield to Maturity (For Debt Component)* : 5.52% 1 Year 3 Year 5 Year 7 Year 10 Year Since Inception - Excluding Net Current Assets Total Amount Invested (Rs.) 120,000 360,000 600,000 840,000 1,200,000 2,480,000 * Computed on the invested amount for debt portfolio. Total Value as on Dec 31, 2020 (Rs.) 132,978 409,626 715,427 1,060,812 1,689,258 5,174,818 ^Risk-free rate based on the FBIL Overnight MIBOR rate of 3.51% Returns 20.64% 8.56% 6.97% 6.56% 6.65% 6.60% as on Dec 31, 2020 Total Value of B: NIFTY Equity Savings Index 134,872 426,691 773,481 1,177,743 1,973,883 4,109,915 For calculation methodology please refer Pg 64 B: NIFTY Equity Savings Index 23.75% 11.34% 10.09% 9.49% 9.61% 9.21% Total stock in Portfolio : 35 Total Value of AB: Nifty 50 TRI 156,424 466,820 871,088 1,339,690 2,351,816 13,802,339 MINIMUM INVESTMENT/ AB: Nifty 50 TRI 60.66% 17.61% 14.89% 13.10% 12.91% 14.53% MULTIPLES FOR NEW INVESTMENT (Inception date :27-Apr-2000) (First Installment date : 01-May-2000) Growth Option: Rs 5,000/- and in multiple of Re.1/- thereafter 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 Dividend Option : Rs 5,000/- and in multiple of Re.1/- thereafter 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 49-64. ADDITIONAL INVESTMENT/ *B: Benchmark; AB: Additional Benchmark MULTIPLES FOR EXISTING INVESTORS Source: MFI Explorer Rs. 1,000/- and multiples of Re. 1/- thereafter.

LOAD STRUCTURE Top 10 Holdings Equity Sector Allocation Entry Load : Not Applicable Issuer Name % to NAV Financial Services 15.97% HDFC Bank Ltd. 4.85 IT 9.69% Exit Load : Oil & Gas 8.32% 1) Redemption/Switch-out/SWP/STP on or before expiry of 90 days ICICI Bank Ltd. 4.06 Automobile 7.07% from the date of allotment: If the withdrawal amount or switched out Infosys Ltd. 3.38 amount is not more than 12% of the original cost of investment - NIL Pharma 7.00% 2) Redemption/Switch-out/SWP/STP on or before expiry of 90 days Reliance Industries Ltd. 3.10 Services 5.29% from the date of allotment: If the withdrawal amount or switched out Housing Development Finance Corporation Ltd. 2.96 Consumer Goods 4.65% amount is more than 12% of the original cost of investment - 0.25% Tata Consultancy Services Ltd. 2.63 Cement & Cement Products 2.39% 3) Redemption/Switch-out/SWP/STP after expiry of 90 days from the Chemicals 2.21% date of allotment - NIL Bharti Airtel Ltd. 2.14 Telecom 2.14% (w.e.f. 03 June, 2019) Hindustan Unilever Ltd. 1.25 Power 1.22% Larsen & Toubro Ltd. 0.95 Construction 0.95% Please refer to our Tata Mutual Fund website for Metals 0.48% fundamental changes, wherever applicable Ultratech Cement Ltd. 0.94 Total 26.25 0.00% 4.00% 8.00% 12.00% 16.00% 20.00%

Market Capitalisation wise Exposure (Equity component only) NAV Movement Large Cap 93.38% Tata Equity Savings Fund - Reg - Mthly Dividend 130 NIFTY Equity Savings Index 122 Mid Cap 6.62% 114 Small Cap 0.00% 106 98 90 Market Capitalisation is as per list provided by AMFI. Dec-17 Dec-18 Dec-19 Dec-20 www.tatamutualfund.com Mutual Fund investments are subject to market risks, read all scheme related documents carefully TATA MUTUAL FUND 29