Tata Balanced Advantage Fund (An open ended dynamic asset allocation fund.) As on 30th September 2020 PORTFOLIO 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 66.60 Maruti Suzuki India Ltd. 0.30 arbitrage opportunities and debt and money market instruments. Unhedge Positions 43.57 Maruti Suzuki India Ltd.- Future -0.30 INVESTMENT OBJECTIVE Banks Bharat Forge Ltd. 0.25 The investment objective of the Scheme is to provide capital ICICI Bank Ltd. 2.38 Bharat Forge Ltd.- Future -0.25 appreciation and income distribution to the investors by using equity HDFC Bank Ltd. 2.30 Bharat Petroleum Corporation Ltd. 0.16 derivatives strategies, arbitrage opportunities and pure equity investments. However, there is no assurance or guarantee that the State Bank Of India 1.24 Bharat Petroleum Corporation Ltd.- Future -0.16 investment objective of the Scheme will be achieved. The scheme does Cement Sun Pharmaceutical Industries Ltd. 0.16 not assure or guarantee any returns. Ultratech Cement Ltd. 1.11 Sun Pharmaceutical Industries Ltd.- Future -0.16 Consumer Durables Berger Paints India Ltd. 0.15 DATE OF ALLOTMENT Amber Enterprises India Ltd. 1.03 Berger Paints India Ltd.- Future -0.15 January 28,2019 Finance ITC Ltd. 0.11 Housing Development Finance Corporation Ltd. 1.24 ITC Ltd.- Future -0.11 FUND MANAGER Gas NMDC Ltd. 0.08 Rahul Singh (Managing Since 09-Jan-19 and overall experience of 25 Gujarat State Petronet Ltd. 1.14 NMDC Ltd.- Future -0.08 years), Sailesh Jain (Managing Since 09-Jan-19 and overall experience of 17 years), Akhil Mittal (Managing Since 09-Jan-19 and Pesticides Ambuja Cements Ltd. 0.05 overall experience of 19 years) Pi Industries Ltd. 1.17 Ambuja Cements Ltd.- Future -0.05 Petroleum Products Name of the Instrument Ratings % to BENCHMARK Reliance Industries Ltd. 4.43 NAV CRISIL Hybrid 35+65 - Aggressive Index Bharat Petroleum Corporation Ltd. 1.14 Debt Instruments Pharmaceuticals Government Securities 5.75 GOI - 7.68% (15/12/2023)$$ SOV 2.41 NAV Laurus Labs Ltd. 1.03 Power GOI - 5.77% (03/08/2030) SOV 2.19 Direct - Dividend : 11.6472 $$ Tata Power Company Ltd. 1.14 GOI - 6.97% (06/09/2026) SOV 0.47 Direct - Growth : 11.6472 Power Grid Corporation Of India Ltd. 1.01 SDL Maharashtra 8.46% (03/03/2021) SOV 0.45 Regular - Dividend : 11.2982 SDL Odisha 8.48% (24/02/2021) SOV 0.18 Regular - Growth : 11.2982 Software SDL Gujarat 8.51% (17/02/2021) SOV 0.05 Infosys Ltd. 2.94 Non-Convertible Debentures/Bonds/Zcb 16.54 FUND SIZE HCL Technologies Ltd. 1.75 06.44 % Indian Oil Corp Ltd. CRISIL- AAA 2.76 Rs. 1122.72 (Rs. in Cr.) Persistent Systems Ltd. 1.23 05.47 % Power Finance Corporation CRISIL- AAA 2.22 Telecom - Services 06.65 % Motherson Sumi Systems Ltd. IND AAA 1.96 MONTHLY AVERAGE AUM Bharti Airtel Ltd. 2.95 07.20 % HDFC Ltd. CRISIL- AAA 1.85 Rs. 1115.88 (Rs. in Cr.) Other Equities^ 14.34 06.50 % Nabard CRISIL- AAA 0.92 Company name % to % to NAV 07.13 % Nhpc Ltd. ICRA- AAA 0.92 TURN OVER NAV Derivative Sundaram Fin Ltd. - Zcb CRISIL- AAA 0.91 06.67 % HDFC Life Insurance Co. Ltd. CRISIL- AAA 0.89 Portfolio Turnover (Total) 562.33% Hedge Positions 23.03 -23.09 06.59 % Indian Railways Finance Corporation Ltd. CRISIL- AAA 0.55 Portfolio Turnover (Equity component only) 150.19% ICICI Bank Ltd. 2.38 10.21 % Bajaj Finance Ltd. CRISIL- AAA 0.48 -2.39 ICICI Bank Ltd.- Future (Tier II Bonds - subordinated debt) EXPENSE RATIO** Housing Development Finance Corporation Ltd. 1.69 07.55 % Rec Ltd. CRISIL- AAA 0.47 Direct 0.82 Housing Development Finance Corporation Ltd.- Future -1.70 07.65 % Jamnagar Utilities & Power Pvt. Ltd. CRISIL- AAA 0.46 Regular 2.25 Tata Consultancy Services Ltd. 1.64 (Mukesh Ambani Group) **Note: The rates specified are actual month end expenses charged Tata Consultancy Services Ltd.- Future -1.63 07.00 % HDFC Ltd. CRISIL- AAA 0.46 as on Sep 30, 2020. The above ratio includes the Service tax on Reliance Industries Ltd. 1.38 Investment Management Fees. The above ratio excludes, 06.22 % HDFC Ltd. CRISIL- AAA 0.45 proportionate charge (out of maximum 30 bps on daily average net Reliance Industries Ltd.- Future -1.38 08.39 % Nabard CRISIL- AAA 0.28 assets allowed) in respect sales beyond T-30 cities assets, wherever State Bank Of India. 1.32 08.20 % HDFC Ltd. CRISIL- AAA 0.28 applicable. State Bank Of India.- Future -1.33 07.65 % Indian Railways Finance Corporation Ltd. CRISIL- AAA 0.12 VOLATILITY MEASURES^ FUND BENCHMARK Infosys Ltd. 1.25 07.47 % Power Finance Corporation CRISIL- AAA 0.10 07.35 % Power Finance Corporation CRISIL- AAA 0.09 Std. Dev (Annualised) 13.69 14.01 Infosys Ltd.- Future -1.24 Sharpe Ratio 0.09 0.15 Bharti Airtel Ltd. 0.85 06.90 % Rec Ltd. CRISIL- AAA 0.09 Portfolio Beta 0.81 1.00 Bharti Airtel Ltd.- Future -0.85 08.75 % HDFC Ltd. CRISIL- AAA 0.09 09.84 % Iot Utkal Energy Services Ltd. CRISIL- AAA 0.09 R Squared 0.96 1.00 Divi Laboratories Ltd. 0.84 Treynor 0.44 0.58 (Indan Oil Ltd. Is Both The Off-Taker And Major Divi Laboratories Ltd.- Future -0.84 Jenson -0.11 NA Shareholder Of Sponsor IOT) Sbi Life Insurance Company Ltd. 0.83 ^Risk-free rate based on the FBIL Overnight MIBOR rate of 3.79% as 07.18 % Rec Ltd. CRISIL- AAA 0.05 on Sep 30, 2020 Sbi Life Insurance Company Ltd.- Future -0.84 09.75 % Rec Ltd. CRISIL- AAA 0.04 For calculation methodology please refer to Pg 63 Hindustan Petroleum Corporation Ltd. 0.83 07.73 % Power Finance Corporation CRISIL- AAA 0.02 Hindustan Petroleum Corporation Ltd.- Future -0.83 Money Market Instruments 2.20 Portfolio Macaulay Duration : 1.29 Years Tata Motors Ltd. 0.83 Modified Duration : 1.24 Years HDFC Securities Ltd. - CP CRISIL- A1+ 2.20 Average Maturity : 1.56 Years Tata Motors Ltd.- Future -0.83 Margin Deposits 7.66 HDFC Bank Ltd. 3.91 Gross Yield to Maturity (For Debt Component)* Tata Consumer Products Ltd. 0.81 - Excluding Net Current Assets : 5.19% Tata Consumer Products Ltd.- Future -0.81 Rbl Bank Ltd. 0.67 * Computed on the invested amount for debt portfolio. Adani Ports And Special Economic Zone Ltd. 0.79 Bank Of Baroda 0.17 Federal Bank Ltd. 1.15 Total stock in Portfolio 58 Adani Ports And Special Economic Zone Ltd.- Future -0.80 Larsen & Toubro Ltd. 0.77 VARIABLE MARGIN 1.75 MINIMUM INVESTMENT/ Larsen & Toubro Ltd.- Future -0.77 Mutual Fund Units 0.58 Tata Medium Term Fund 0.58 MULTIPLES FOR NEW INVESTMENT Lupin Ltd. 0.71 Rs. 5,000/- and in multiples of Re. 1/- thereafter. Lupin Ltd.- Future -0.71 Vedanta Ltd. 0.61 Repo 2.99 ADDITIONAL INVESTMENT/ Vedanta Ltd.- Future -0.61 Portfolio Total 102.32 MULTIPLES FOR EXISTING INVESTORS NTPC Ltd. 0.56 Net Current Liabilities -2.32 Rs. 1,000/- and in multiples of Re. 1/- thereafter. NTPC Ltd.- Future -0.56 Net Assets 100.00 Mahindra & Mahindra Ltd. 0.55 ^Exposure less than 1% has been clubbed under Other Equities LOAD STRUCTURE Mahindra & Mahindra Ltd.- Future -0.56 Entry Load : Not Applicable Tech Mahindra Ltd. 0.53 Exit Load : Tech Mahindra Ltd.- Future -0.54 1) Redemption/Switch-out/SWP/STP on orbefore expiry of 365 days Upl Ltd. 0.44 from the date of allotment: If the withdrawal amount or switched out Upl Ltd.- Future -0.44 amount is not more than 12% of the original cost of investment - Grasim Industries Ltd. 0.44 NIL. Grasim Industries Ltd.- Future -0.44 2) Redemption/Switch-out/SWP/STP on or before expiry of 365 days from the date of allotment: If the withdrawal amount or switched out Power Grid Corporation Of India Ltd. 0.38 amount is more than 12% of the original cost of investment - 1%. Power Grid Corporation Of India Ltd.- Future -0.38 3) Redemption / Switch-out/SWP/STP after expiry of 365 days from ACC Ltd. 0.36 the date of allotment - NIL. (w.e.f. 03 June, 2019) ACC Ltd.- Future -0.36 Please refer to our Tata Mutual Fund website for Ultratech Cement Ltd. 0.33 fundamental changes, wherever applicable Ultratech Cement Ltd.- Future -0.33 Hindustan Unilever Ltd. 0.33 Hindustan Unilever Ltd.- Future -0.33 United Spirits Ltd. 0.31 United Spirits Ltd.- Future -0.31 www.tatamutualfund.com Mutual Fund investments are subject to market risks, read all scheme related documents carefully TATA MUTUAL FUND 30 Tata Balanced Advantage Fund (An open ended dynamic asset allocation fund.) 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 200,000 Total Value as on Sep 30, 2020 (Rs.) 128,867 NA NA NA NA 216,942 Returns 14.01% NA NA NA NA 9.64% Total Value of B: CRISIL Hybrid 35+65 - Aggressive Index 128,286 NA NA NA NA 215,350 B: CRISIL Hybrid 35+65 - Aggressive Index 13.08% NA NA NA NA 8.74% Total Value of AB: S&P BSE Sensex TRI 126,145 NA NA NA NA 207,831 AB: S&P BSE Sensex TRI 9.65% NA NA NA NA 4.47% (Inception date :28-Jan-2019) (First Installment date : 01-Feb-2019) Past performance may or may not be sustained in the future.