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INDEX
MARKET OUTLOOK
Equity 7
Debt 8

EQUITY
Tata Large Cap Fund (Erstwhile known as Tata Pure Equity Fund; renamed w.e.f February 29, 2016) 9
Tata Equity Opportunities Fund 10
Tata Ethical Fund 11
Tata Equity P/E Fund 12
Tata Mid Cap Growth Fund 13
Tata Dividend Yield Fund 14
Tata India Tax Savings Fund (Erstwhile known as Tata Long Term Equity Fund; renamed w.e.f December 21, 2015) 15

Tata Banking & Financial Services Fund 16


Tata Digital India Fund 17
Tata India Consumer Fund 17
Tata India Pharma & Healthcare Fund 18
Tata Resources & Energy Fund 18
Tata Infrastructure Fund 19

HYBRID
Tata Balanced Fund 20
Tata Regular Savings Equity Fund 21

DEBT
Tata Dynamic Bond Fund 22
Tata Income Plus Fund 23
Tata Income Fund 24
Tata Short Term Bond Fund 25
Tata Treasury Manager Fund 26
Tata Floater Fund 27

LIQUID
Tata Money Market Fund 28
Tata Liquid Fund 29

GILT
Tata Gilt Securities Fund 30
Tata Gilt Mid Term Fund 31
Tata Gilt Short Maturity Fund 32

SOLUTIONS
Tata Retirement Savings Fund - Progressive 33
Tata Retirement Savings Fund - Moderate 34
Tata Retirement Savings Fund - Conservative 35
Tata Young Citizens Fund 36
SCHEMES PERFORMANCE 37 - 46
COMPARATIVE PERFORMANCE OF ALL TATA FMP SCHEMES 47 - 49
DIVIDEND / BONUS HISTORY 50 - 52
HOW TO READ FACT SHEET 53

www.tatamutualfund.com TATA MUTUAL FUND 2


RISKOMETER
Name of the Schemes Investment Objective: Regular Fixed Income for Short Term. Riskometer

Tata Liquid Fund Investment in Debt/Money Market instruments/Government Securities.

Tata Money Market Fund Investment in Money Market instruments.

Name of the Schemes Investment Objective: Regular Fixed Income for Short Term. Riskometer
Tata Floater Fund Investment in Debt/Money Market instruments/Government Securities.

Tata Treasury Manager Fund Investment in Debt/Money Market instruments excluding Government Securities.

Tata Short Term Bond Fund Investment Objective: Regular Fixed Income for Short Term.
Investment in Debt/Money market instruments /Government Securities.

Name of the Schemes Investment Objective: Generate Income and/or Capital Appreciation for a Fixed Term

Tata Fixed Maturity Plan - Series 43 - Scheme B

Tata Fixed Maturity Plan - Series 45 - Scheme D

Tata Fixed Maturity Plan - Series 45 - Scheme E

Tata Fixed Maturity Plan - Series 46 - Scheme C

Tata Fixed Maturity Plan - Series 46 - Scheme E

Tata Fixed Maturity Plan - Series 46 - Scheme H

Tata Fixed Maturity Plan - Series 46 - Scheme I


The investment objective of a scheme is to generate income and / or capital appreciation

Tata Fixed Maturity Plan - Series 46 - Scheme L by investing in wide range of Fixed Income Instruments having maturity in line with the
maturity of the scheme. The maturity of all investments shall be equal to or less than the
Tata Fixed Maturity Plan - Series 46 - Scheme O maturity of the scheme.

Tata Fixed Maturity Plan - Series 46 - Scheme P

Tata Fixed Maturity Plan - Series 46 - Scheme S

Tata Fixed Maturity Plan - Series 47 - Scheme A

Tata Fixed Maturity Plan - Series 47 - Scheme I

Tata Fixed Maturity Plan - Series 47 - Scheme M

Tata Fixed Maturity Plan - Series 47 - Scheme N

www.tatamutualfund.com TATA MUTUAL FUND 3


RISKOMETER
Name of the Schemes Investment Objective: Regular Fixed Income for Short Term. Riskometer

Tata Dynamic Bond Fund Investment Objective: Short Term to Medium Capital Appreciation & Regular Income.
Investment in Debt/Money Market instruments/Government securities.

Tata Gilt Mid Term Fund Investment Objective: Medium Term Capital Appreciation.
Investment predominantly in Government Securities (upto 15 years maturity).

Tata Gilt Securities Fund Investment Objective: Long Term Capital Appreciation & Regular Income.
Investment predominantly in Government Securities.

Tata Gilt Securities Short Maturity Investment Objective: Short Term to Medium Capital Appreciation & Regular Income.
Fund Investment predominantly in Government Securities (average maturity upto 6 years).

Tata Income Fund Investment Objective: Long Term Capital Appreciation & Regular Income.
Investment in Debt/Money Market instruments/Government Securities.

Tata Income Plus Fund Investment Objective: Long Term Capital Appreciation & Regular Income.
Investment in Debt/Money Market instruments/Government Securities.

Name of the Schemes Investment Objective: Generate Income and/or Capital Appreciation for a Fixed Term

Tata Fixed Maturity Plan - Series 43 - Scheme A

Tata Fixed Maturity Plan - Series 43 - Scheme C

Tata Fixed Maturity Plan - Series 43 - Scheme D

Tata Fixed Maturity Plan - Series 44 - Scheme A

Tata Fixed Maturity Plan - Series 44 - Scheme B

Tata Fixed Maturity Plan - Series 44 - Scheme D

Tata Fixed Maturity Plan - Series 45 - Scheme A

Tata Fixed Maturity Plan - Series 45 - Scheme C

Tata Fixed Maturity Plan - Series 46 - Scheme A The investment objective of a scheme is to generate income and / or capital appreciation
Tata Fixed Maturity Plan - Series 46 - Scheme B by investing in wide range of Fixed Income Instruments having maturity in line with the

Tata Fixed Maturity Plan - Series 46 - Scheme D maturity of the scheme. The maturity of all investments shall be equal to or less than the
maturity of the scheme.
Tata Fixed Maturity Plan - Series 46 - Scheme K

Tata Fixed Maturity Plan - Series 46 - Scheme M

Tata Fixed Maturity Plan - Series 46 - Scheme N

Tata Fixed Maturity Plan - Series 46 - Scheme Q

Tata Fixed Maturity Plan - Series 46 - Scheme R

Tata Fixed Maturity Plan - Series 46 - Scheme T

Tata Fixed Maturity Plan - Series 47 - Scheme C

Tata Fixed Maturity Plan - Series 47 - Scheme D

Tata Fixed Maturity Plan - Series 47 - Scheme E

Tata Fixed Maturity Plan - Series 47 - Scheme F -


Plan A

Tata Fixed Maturity Plan - Series 47 - Scheme H

Tata Fixed Maturity Plan - Series 47 - Scheme J

www.tatamutualfund.com TATA MUTUAL FUND 4


RISKOMETER
Name of the Schemes Investment Objective: Long Term Capital Appreciation Riskometer
Tata Balanced Fund Investment predominantly in equity & equity related instruments and some portion
(between 25% to 35%) in fixed income instruments.

Tata Dividend Yield Fund Investment (minimum 70%) in equity & equity related instruments/stocks having dividend
yield higher than dividend yield of stocks of BSE SENSEX.

Tata Equity Opportunities Fund Investment in equity and equity related instruments of well researched value and growth
oriented companies across all market capitalization.

Tata Equity P/E Fund Investment (minimum 70%) in equity & equity related instruments of companies whose
rolling P/E is lower than rolling P/E of BSE Sensex.

Tata Ethical Fund Investment in equity and equity related instruments of Shariah Principles compliant
companies and in other instruments allowed under Shariah principles.

Tata Mid Cap Growth Fund Investment predominantly in equity & equity related instruments of growth oriented mid
cap companies.

Tata Large Cap Fund Investment predominantly in equity & equity securities related securities of large cap
(Erstwhile known as Tata Pure Equity Fund; companies.
renamed w.e.f February 29, 2016)

Tata Retirement Savings Fund A predominantly equity oriented savings scheme which provides tool for retirement
- Moderate Plan planning to individual investors.

Tata Regular Savings Equity Fund Predominantly investing in equity and equity related instruments, equity arbitrage
opportunities and debt and money market instruments.

Tata Retirement Savings Fund A predominantly equity oriented savings scheme which provides tool for retirement
- Progresive Plan planning to individual investors.

Tata India Tax Savings Fund An equity linked savings scheme (ELSS) Investing predominantly in Equity & Equity
(Erstwhile known as Tata Long Term Equity
related instruments.
Fund; renamed w.e.f December 21, 2015)

Tata Young Citizens Fund Investment Objective: Long Term Capital Appreciation & Current Income.
Investment in equity & equity related instruments and in fixed income instruments.

Tata Retirement Savings Fund Investment Objective: Long Term Capital Appreciation & Current Income.
- Conservative Plan A predominantly debt oriented savings scheme which provides tool for retirement
planning to individual investors.

Investment objective: Capital appreciation and current income by investing predominantly


Name of the Schemes
in fixed income instruments and some portions in equity/equity related instruments

Tata Dual Advantage Fund - Scheme A Generate income and / or capital appreciation by investing predominantly in portfolio of
fixed income instruments having maturity on or before the date of the maturity of the
scheme. The scheme will invest small portion of the scheme assets in equity/equity
related instrument including derivative instruments.

Tata Dual Advantage Fund - Scheme B Generate income and / or capital appreciation by investing predominantly in portfolio of
fixed income instruments having maturity on or before the date of the maturity of the
Tata Dual Advantage Fund - Scheme C scheme. The scheme will invest small portion (upto 30%) of the scheme assets in
equity/equity related instrument including derivative instruments.

Tata Dual Advantage Fund - Series 2 - Scheme A Generate income and / or capital appreciation by investing predominantly in portfolio of
fixed income instruments having maturity on or before the date of the maturity of the
Tata Dual Advantage Fund - Series 2 - Scheme B scheme. The scheme will invest small portion of the scheme assets in equity/equity
related instrument including derivative instruments.
Tata Dual Advantage Fund - Series 2 - Scheme C

Tata Dual Advantage Fund - Series 3 - Scheme A

www.tatamutualfund.com TATA MUTUAL FUND 5


RISKOMETER
Name of the Schemes Investment Objective: Long Term Capital Appreciation. Riskometer

Tata Banking & Financial Services Primarily focuses on investment in at least 80% of its net assets in equity/equity related
Fund instruments of the companies in the Banking and Financial Services sector in India.

Tata India Consumer Fund Primarily focuses on investment in at least 80% of its net assets in equity/equity related
instruments of the companies in the Consumption Oriented sectors in India.

Tata Digital India Fund Primarily focuses on investment in at least 80% of its net assets in equity/equity related
instruments of the companies in the Information Technology sector in India.

Tata India Pharma & Healthcare Primarily focuses on investment in at least 80% of its net assets in equity/equity related
Fund instruments of the companies in the Pharma & Healthcare sectors in India.

Tata Resources & Energy Fund Primarily focuses on investment in at least 80% of its net assets in equity/equity related
instruments of the companies in the Resources & Energy sectors in India.

Tata Infrastructure Fund Investment Predominantly in equity / equity related instruments of the companies in the
Infrastructure sector in India.

Name of the Schemes Investment objective: Long term capital appreciation by investing in equity/equity
related instruments of companies in the infrastructure sector in India

Tata Infrastructure Tax Saving Fund Generate medium to long term capital gain by investing predominantly in equity / equity
related instruments of the companies in infrastructure and infrastructure related sectors
along with the income tax benefit to its unitholders.

*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

www.tatamutualfund.com TATA MUTUAL FUND 6


MARKET OUTLOOK
Equity market
The Indian equity markets closed positive in the month of July 2016, as both Sensex and Nifty returned ~3.9% and ~4.2% respectively. The increase in the broader market was higher than
the Sensex, as reflected by the performance of the S & P BSE Midcap and S & P BSE 200 index at 8.1% and 5.1% respectively. In terms of sectors; Metals, Oil & Gas, Auto, Banking, Healthcare
and Realty were outperformers whilst IT was the major underperformer. FIIs continued to be buyers in July, with net inflows to the tune of ~USD 1.88 bn. Consequently, FIIs net inflows CYTD
amounts to ~USD 4.78 bn. Domestic MFs were marginal sellers with a net selling of ~USD 5 mn in July, compared to selling of ~USD 12.7 mn. in June.
As on Return in %
Index Name
29-Jul-16 30-Jun-16 31-Jul-15 1 Month 1 Year
Nifty 50 Index 8639 8288 8533 4.2 1.2
S&P BSE Sensex 28052 27000 28115 3.9 -0.2
S&P BSE MID CAP 12661 11717 11273 8.1 12.3
S&P BSE SMALL CAP 12310 11801 11831 4.3 4.1
S&P BSE 200 3692 3514 3589 5.1 2.9
S&P BSE AUTO 21091 19745 19108 6.8 10.4
S&P BSE Bankex 21679 20531 21499 5.6 0.8
S&P BSE Consumer Durable 12405 11973 11086 3.6 11.9
S&P BSE Capital Good 15478 14875 18081 4.1 -14.4
S&P BSE FMCG 8725 8453 8134 3.2 7.3
S&P BSE Health Care 16299 15493 17048 5.2 -4.4
S&P BSE IT 10813 11200 11073 -3.5 -2.3
S&P BSE METAL 9406 8520 8668 10.4 8.5
S&P BSE Oil & Gas 10595 9721 9902 9.0 7.0
S&P BSE Power Index 2077 1996 2065 4.0 0.6
S&P BSE Realty 1607 1533 1387 4.8 15.8

The Macro picture


June-16 May-16
WPI 1.6% 0.8%
CPI 5.8% 5.8%
Index of Industrial Production 1.2% (For May 2016) -1.3% (For April 2016)*
Repo rate 6.50% (as on July 31, 2016) 6.50% (as on June 30, 2016)
Marginal Standing Facility Rate 7.00% (as on July 31, 2016) 7.00% (as on June 30, 2016)
Source: RBI, MOSPI; *Revised downwards from -0.8%

Growth: The IIP Index rose 1.2% YoY in May 2016, lower than the 2.5% growth in May 2015. While consumer durables expanded by a moderate 6.0% YoY in May 2016 (-3.9% in May 2015),
the output of basic goods (+3.9% YoY) and intermediate goods (3.6% YoY) recorded a modest growth. However, the continued contraction in output of capital goods (-12.4% YoY) and
consumer non-durables (-2.2% YoY) weighed upon the growth of industrial production in May 2016.

Inflation: CPI inflation printed at 5.8% YoY in June 2016, broadly in line for May 2016. A rise in inflation for food & beverages (7.4% YoY) that partly originated from perishable items (such as
vegetables), which may display a reversal going forward). Core-CPI inflation (excluding food & beverages and fuel & light) moderated to an eight-month low 4.5% YoY in June 2016 from 4.7%
in May 2016, remaining lower than headline CPI inflation for the tenth consecutive month.

WPI inflation increased to a 20-month high 1.6% YoY in June 2016 from 0.8% in May 2016.

Monsoon: Rainfall trend remains normal with cumulative rainfall tracking long period average. Area under cultivation continues to accelerate and rose to 80mn hectares (mnh) as on July 29
2016 (week ended) a ~6.3% Y-o-Y growth, led by higher area under pulses cultivation. According to India's weather bureau, monsoon covered the whole country as of July 13 two days
ahead of normal schedule. Nearly half of the monsoon season is still to go with the full season usually concluding at the end of September. As of the last data, 83% of the cropped area had
received normal or above-normal rainfall.

Other macro developments: June trade deficit inched up further to USD8.1bn vs USD6.3bn in May. Exports growth turning positive (after 18 consecutive months of contraction) as it rose to
USD22.5bn (+1.8%). Imports also saw a sequential pick-up led by oil imports and non-oil non-gold imports but gold imports remained subdued. Forex reserves with RBI stood at USD 363bn.

Indirect tax collection: For the first three months of FY17 (March 2017 year-end), indirect tax collections (customs, excise and services tax) rose by 30.8% y-o-y, substantially above the 10%
y-o-y full-year budget target. Though they are a partial reflection of growth, they also reflect higher tax rates.

As indirect taxes account for ~50% of the central governments total tax collections, continued buoyancy of indirect taxes should partly offset concerns over the fiscal deficit from the seventh
pay commission wage hikes.

Market Outlook: Indian equity markets performance during the month was supported by continuous FII flows. Expectations of GST getting approved and a normal monsoon further aided to
bullish sentiments. Governments recent decision to increase salaries of central government employees and pensioners is expected to augur well for consumer discretionary demand.

We believe, the medium to long-term performance of the market would be primarily governed by a recovery in earnings growth. It is expected that as public sector capex and urban discretionary
consumption revives, corporate earnings growth should start improving gradually. However, market valuations are currently above long term averages.

Considering improving outlook for earnings growth, strong macro position and presence of long-term structural drivers like demographic advantage, low household debt, and urbanization, the
medium term outlook for Indian equity markets continue to remain positive.

In the near term, reversal of FII flows on account of a global risk off event and higher than long term average valuations may pose a risk of price correction, however, it is important to note that
India is much better placed to handle such an event on account of healthy macro-economic parameters.

We would urge investors to systematically invest in Indian equity markets and use any phase of volatility to their advantage.

Disclaimer: The views expressed are in no way trying to predict the markets or to time them. The views expressed are for information purpose only and do not construe to be any investment, legal or taxation advice.
Please consult your Financial/Investment Adviser before investing. The views expressed may not reflect in the scheme portfolios of Tata Mutual Fund. This note has been prepared using information believed to be
accurate at the time of its use.

www.tatamutualfund.com TATA MUTUAL FUND 7


MARKET OUTLOOK
Debt market
31-Jul-16 30-Jun-16 Change (bps)

10 Year Benchmark Yield (s.a) 7.17% 7.45% -28


10 Year AAA (PSU) (ann) 7.83% 8.22% -39
5 Year AAA ( PSU) (ann) 7.64% 8.05% -41
3 Month T Bill 6.53% 6.65% -12
3 Month CD 6.65% 6.90% -25
12 Month CD 7.30% 7.45% -15
10 Year AAA Spread 0.53% 0.63% -10
5 Year AAA Spread 0.47% 0.52% -5

The bond market turned distinctly bullish during the month, buoyed by various global and domestic factors. The Brexit outcome has turned out to be a crucial game-changer for the bond yields
globally. On one hand, while it has led to growing calls for more aggressive quantitative easing to support growth, on the other, it has considerably dented US Feds efforts to continue hiking
its interest rates. On the domestic front, rumors hinted at a possible tweaking of the Monetary Policy Framework, whereby the target inflation would be reset to a range of 2%-6%, from the
current point figure targets. Shifting of the inflation goalpost to 6% is widely believed to open up further room for monetary easing. Added to this, the systemic liquidity deficit narrowed from an
average level of Rs. 400 billion in June to surplus of Rs. 250 billion in July. Confluence of these factors had a very positive bearing on domestic bond market sentiment with bond yields falling
sharply. For the month, 10 year benchmark yield eased as much as 28 bps, hitting a 3 year low of 7.16%. Tracking the bullish sentiments, the corporate bond yields too turned sharply lower
with spreads compressing. While the 5 year AAA bond yield eased by 41 bps, the 10 Year AAA bond yield eased by around 39bps, the credit spreads compressed by 5 -10 bps. The yields on
the money market instruments at the shorter end too moved lower by 15-25 bps due to improving liquidity conditions.

On the macro economic data released during the period, the CPI inflation came in at 5.8% y-o-y in June unchanged from May, in line with expectations. Food price inflation caused the upward
pressure, while core CPI inflation moderated. Food price inflation rose to 7.8% y-o-y in June, above the 7% mark for a second consecutive month (7.5% in May), led by a sequential rise in the
prices of vegetables, edible oils and cereals. Food prices do tend to rise during the summer months, but adverse weather conditions have hurt crop output much more this year. Core CPI
inflation eased to 4.55% y-o-y in June from 4.67% y-o-y in May. Housing prices declined sequentially (although y-o-y inflation inched up) a quirk that is observed in December and June every
year. Barring housing, all core (ex-petrol, diesel) categories witnessed a moderation in inflation in June. Specifically, education price inflation fell to its lowest level (5.4% y-o-y) since the start
of the series (Jan 2012), while inflation in health services broke below the 5% mark (to 4.7%) for the first time since April 2015. In terms of the trajectory, we expect headline inflation to remain
elevated in the range of 5.5-6.0% until September, moderate between October 2016 and January 2017, owing to base effects, and rise back towards 5.0-5.25% by March 2017. The decision
to hike house rent allowances under the seventh pay commission (review committee report due in October) is a key upside risk in 2017.

Beating market expectations, wholesale inflation quickened to 1.62% from the previous estimate of 0.79% in the month of May. While the jump in food inflation is no surprise, strong sequential
pick up in Fuel and Manufactured products along with statistical base support aided in reverting wholesale prices to levels seen prior to the 17-month long disinflationary stint.

Industrial production (IP) rose 1.2% y-o-y in May, up from a 1.3% contraction in April (revised down from -0.8%), above expectations. On the demand side, capital goods output growth
continued to contract (-12.4% y-o-y) as private sector investment remains elusive, while government capex is yet to gain traction. However, even IP ex-capital goods growth remained weak at
2.9% y-o-y, owing to the continued contraction in the consumer non-durables segment (weak rural demand) and a moderation in consumer durables growth in May. On the supply side,
manufacturing output grew at a meager 0.7% y-o-y, electricity growth slowed (4.7% y-o-y vs 14.6% in April), while mining growth remained lackluster. Overall, the data reflect broad-based
weakness in industrial growth, although with some sequential improvement from April. Going forward, we expect a slight turnaround as the year progresses, supported by higher consumption
demand from the seventh pay commission hikes, an improvement in rural demand because of strong monsoons and a likely pick-up in government capex. That said, weak global demand
suggests that a robust uptick remains elusive

After 18 months of consecutive negative growth, Indias merchandise exports in June grew by 1.3% to USD 225.7 bn, while imports continued to fall by 7.3% to USD 306.9 bn. The
corresponding June trade deficit thereby stood at USD 81.2 bn. Cumulatively, Indias Q1 FY17 trade deficit narrowed to USD 192.3 bn vis-a-vis USD 322.3 bn in Q1 FY16.

Going forward, because of elevated headline inflation, we expect the RBI to stand pat at its next meeting on 9th August. However, we now expect a 25bp repo rate cut to 6.25% in Q4 2016, as
upside risks to inflation from house rent allowance hikes have been deferred, downside risks to growth from Brexit spillover effects have risen and owing to increasing probabilities of a more
neutral-to-dovish RBI governor candidate. In the near term, given the recent sharp rally, we expect the 10 Year benchmark yield to consolidate in a broad range of 7.15%-7.30%.

Disclaimer: The views expressed are in no way trying to predict the markets or to time them. The views expressed are for information purpose only and do not construe to be any investment, legal or taxation advice.
Please consult your Financial/Investment Adviser before investing. The views expressed may not reflect in the scheme portfolios of Tata Mutual Fund. This note has been prepared using information believed to be
accurate at the time of its use.

www.tatamutualfund.com TATA MUTUAL FUND 8


Tata Large Cap Fund (Erstwhile known as Tata Pure Equity Fund; renamed w.e.f February 29, 2016)
(An Open-Ended Equity Scheme)

As on 31st July 2016 PORTFOLIO


INVESTMENT STYLE Company name No. of Market Value % of Company name No. of Market Value % of
Shares Rs. Lakhs Assets Shares Rs. Lakhs Assets
Primarily invests in equity and equity related instruments
of large market cap companies. Equity & Equity Related Total 75208.00 88.54 Oil
INVESTMENT OBJECTIVE Auto Oil & Natural Gas Co. 500000 1099.75 1.29
To provide income distribution and / or medium to long
Tata Motors Ltd. 455000 2288.65 2.69 Pharmaceuticals
term capital gains while at all times emphasising the Maruti Suzuki India Ltd. 48000 2282.50 2.69 Divis Laboratories Ltd. 158680 1903.68 2.24
importance of capital appreciation. Mahindra & Mahindra Ltd. 138000 2024.32 2.38 Glenmark Pharmaceuticals Ltd. 215000 1849.11 2.18
DATE OF ALLOTMENT Tata Motors - DVR 353443 1143.74 1.35 Sun Pharmaceutical Industries Ltd. 175000 1452.06 1.71
May 7, 1998 Banks Lupin Ltd. 55500 966.12 1.14
FUND MANAGER HDFC Bank Ltd. 601344 7496.05 8.83 Glaxosmithkline Pharmaceuticals Ltd. 25900 858.48 1.01
Pradeep Gokhale (Managing Since Jan-12 and overall ICICI Bank Ltd. 1032500 2713.93 3.20 Petroleum Products
experience of 25 years) State Bank Of India 920000 2107.26 2.48 Reliance Industries Ltd. 278500 2828.17 3.33
BENCHMARK Axis Bank Ltd. 380000 2074.99 2.44 Indian Oil Corporation Ltd. 250000 1358.50 1.60
S&P BSE Sensex Indusind Bank Ltd. 128000 1507.84 1.78 Power
NAV Cement Power Grid Corporation Of India Ltd. 1755000 3087.05 3.63
Direct - Growth : 181.80 Ultratech Cement Ltd. 90000 3335.18 3.93 Software
Direct - Dividend : 48.50 Ambuja Cements Ltd. 600000 1626.90 1.92 Infosys Ltd. 361000 3876.96 4.56
Reg - Growth : 174.95
Grasim Industries Ltd. 23000 1123.84 1.32 HCL Technologies Ltd. 396350 2982.53 3.51
Reg - Dividend : 45.15
Construction Project Tata Consultancy Services Ltd. 71400 1869.64 2.20
FUND SIZE Larsen & Toubro Ltd. 94567 1473.35 1.73 Transportation
Rs. 849.40 (Rs. in Cr.) Consumer Non Durables Container Corporation Of India Ltd. 120000 1800.00 2.12
MONTHLY AVERAGE AUM ITC Ltd. 1522500 3843.55 4.53
Rs. 827.98 (Rs. in Cr.) Asian Paints (India) Ltd. 230000 2563.81 3.02 Other Equities^ 4876.31 5.74
TURN OVER United Breweries Ltd. 200000 1624.80 1.91 CBLO 4086.04 4.81
Hindustan Unilever Ltd. 150000 1382.25 1.63 Portfolio Total 84170.35 99.09
Portfolio Turnover (Total) 23.31%
Portfolio Turnover (Equity component only) 22.68% Finance Cash / Net Current Asset 770.03 0.91
EXPENSE RATIO** Housing Development Finance Ltd. 222000 3051.06 3.59 Net Assets 84940.38 100.00
Direct 1.02 Industrial Capital Goods
^ Exposure less than 1% has been clubbed under Other Equities
Regular 2.65 Bharat Electronics Ltd. 195000 2410.30 2.84
**Note: The rates specified are the actual weighted average expenses
charged for the month of Jul 2016 . The above ratio includes the
Siemens Ltd. 92000 1215.23 1.43
Service tax on Investment Management Fees. The above ratio Media & Entertainment
includes, proportionate charge (out of maximum 30 bps on daily
Zee Entertainment Enterprises Ltd. 400000 1986.40 2.34
average net assets allowed) in respect sales beyond T-15 cities
assets, wherever applicable.

VOLATILITY MEASURES FUND BENCHMARK


Std. Dev (Annualised) 14.31 14.80 SIP - If you had invested INR 10000 every month
Sharpe Ratio 0.23 0.14
1 Year 3 Year 5 Year 7 Year 10 Year Since Inception
Portfolio Beta 0.93 1.00
R Squared 0.92 1.00 Total Amount Invested (Rs.) 120,000 360,000 600,000 840,000 1,200,000 2,170,000
Treynor 1.02 0.60
Total Value as on Jun 30, 2016 (Rs.) 125,458 428,052 837,822 1,274,766 2,236,124 16,712,122
Jenson 0.39 NA
Risk-free rate based on the FBIL Overnight MIBOR rate of Returns 8.56% 11.59% 13.33% 11.72% 11.97% 19.70%
6.59% as on Jul 29, 2016 Total Value of B: S&P BSE Sensex 124,455 397,911 760,998 1,128,429 1,864,036 8,032,417
For calculation methodology please refer to Pg 49 B: S&P BSE Sensex 6.97% 6.62% 9.45% 8.30% 8.53% 13.02%
MINIMUM INVESTMENT / (Inception date: 07-May-1998) (First Installment date: 01-Jun-1998)
MULTIPLES FOR NEW INVESTMENT 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 not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been
Rs. 5,000/- and in multiples of Re. 1/- thereafter.
considered.
ADDITIONAL INVESTMENT/ For scheme performance refer pages 37 - 46.
MULTIPLES FOR EXISTING INVESTORS *B: Benchmark
Rs. 1,000/- and multiples of Re. 1/- thereafter. Source: MFI Explorer

LOAD STRUCTURE Top 10 Holdings Equity Sector Allocation


Entry Load : Not Applicable Issuer Name % to NAV Banks 19.49%
HDFC Bank Ltd. 8.83 Consumer Non Durables 11.75%
Exit Load : 1% if redeemed on or before expiry of 365 Auto 11.20%
days from the date of allotment. Infosys Ltd. 4.56 Software 10.28%
ITC Ltd. 4.52 Pharmaceuticals 8.28%
Cement 7.16%
Tata Motors Ltd. 4.04 Petroleum Products 4.93%
Industrial Capital Goods 4.27%
Ultratech Cement Ltd. 3.93 Power 3.63%
Power Grid Corporation Of India Ltd. 3.63 Finance 3.59%
Media & Entertainment 2.44%
HDFC Ltd. 3.59 Transportation 2.12%
Construction Project 1.73%
HCL Technologies Ltd. 3.51 Oil 1.29%
Reliance Industries Ltd. 3.33 Minerals/mining 0.77%
Non - Ferrous Metals 0.72%
ICICI Bank Ltd. 3.20 Telecom - Services 0.62%
Total 43.14 0.00% 5.00% 10.00% 15.00% 20.00% 25.00%

Market Capitalisation wise Exposure NAV Movement


Large Cap 100.00% Tata Large Cap Fund - Reg S&P BSE Sensex
170
Mid Cap 0.00%
154
Small Cap 0.00%
138

Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are
122
top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 106
126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For
calculation purpose, the previous month market capitalisation data have been used. All the figures has
90
been rebased to 100 (Based on internal calculation). Jul-13 Jul-14 Jul-15 Jul-16

www.tatamutualfund.com TATA MUTUAL FUND 9


Tata Equity Opportunities Fund
(An Open-Ended Equity Scheme)

As on 31st July 2016 PORTFOLIO


INVESTMENT STYLE Company name No. of Market Value % of Company name No. of Market Value % of
Primarily focuses on investing in equity and equity related Shares Rs. Lakhs Assets Shares Rs. Lakhs Assets
instruments of well researched value and growth oriented Equity & Equity Related Total 111577.36 89.16 Finance
companies across all market capitalization.
Auto Housing Development Finance Ltd. 212000 2913.62 2.33
INVESTMENT OBJECTIVE Tata Motors Ltd. 705000 3546.15 2.83 Cholamandalam Investment & Finance Co Ltd. 243000 2653.56 2.12
To provide income distribution and / or medium to long Mahindra & Mahindra Ltd. 220000 3227.18 2.58 Multi Commodity Exchange Of Ind Ltd. 240000 2523.84 2.02
term capital gains while at all times emphasizing the
importance of capital appreciation. Maruti Suzuki India Ltd. 66750 3174.10 2.54 Gas
Hero Motocorp Ltd. 50000 1603.23 1.28 Gujarat State Petronet Ltd. 1924999 2563.14 2.05
DATE OF ALLOTMENT
Bajaj Auto Ltd. 50000 1351.00 1.08 Industrial Capital Goods
February 25,1993
Auto Ancillaries Bharat Electronics Ltd. 235272 2908.08 2.32
FUND MANAGER
Amara Raja Batteries Ltd. 170000 1592.82 1.27 Petroleum Products
Rupesh Patel (Managing Since Jun - 13 and overall
experience of 15 years) (Equity) & Pradeep Gokhale Banks Reliance Industries Ltd. 143000 1452.17 1.16
(Managing Since Jun - 13 and overall experience of 25 HDFC Bank Ltd. 660335 8231.41 6.58 Pharmaceuticals
years)
Yes Bank Ltd. 292000 3554.22 2.84 Divi Laboratories Ltd. 197700 2371.81 1.90
BENCHMARK Kotak Mahindra Bank Ltd. 400000 3047.40 2.44 Lupin Ltd. 123000 2141.12 1.71
S&P BSE 200 State Bank Of India 1191300 2728.67 2.18 Sun Pharmaceutical Industries Ltd. 250000 2074.38 1.66
ICICI Bank Ltd. 1035000 2720.50 2.17 Strides Shasun Ltd. 155000 1801.88 1.44
NAV
Axis Bank Ltd. 490000 2675.65 2.14 Sanofi India Ltd. 29170 1331.55 1.06
Direct - Growth : 168.28
Direct - Dividend : 35.91 Cement Glenmark Pharmaceuticals Ltd. 150000 1290.08 1.03
Reg - Growth : 162.39 Ultratech Cement Ltd. 101475 3760.41 3.00 Power
Reg - Dividend : 31.74 The Ramco Cements Ltd. 563100 3079.88 2.46 Power Grid Corporation Of India Ltd. 1870000 3289.33 2.63
FUND SIZE Shree Cement Ltd. 14900 2400.35 1.92 Retailing
Rs.1251.42 (Rs. in Cr.) Construction Aditya Birla Fashion & Retail Ltd. 1360000 1969.96 1.57
KNR Constructions Ltd. 380000 2273.54 1.82 Software
MONTHLY AVERAGE AUM
Kajaria Ceramics Ltd. 150000 1904.03 1.52 Infosys Ltd. 312600 3357.17 2.68
Rs. 1229.41 (Rs. in Cr.)
Construction Project HCL Technologies Ltd. 357000 2686.43 2.15
TURN OVER Sadbhav Engineering Ltd. 3535.43 2.83 Tata Consultancy Services Ltd. 87400 2288.61 1.83
1234437
Portfolio Turnover (Total) 42.04% Techno Electric And Engineering Company Ltd. 325000 2237.63 1.79 Transportation
Portfolio Turnover (Equity component only) 41.92%
Larsen & Toubro Ltd. 124555 1940.57 1.55 Container Corporation Of India Ltd. 149500 2242.50 1.79
EXPENSE RATIO**
Sadbhav Infrastructure Project Ltd. 1456235 1441.67 1.15 Adani Port And Special Economic Zone Ltd. 545000 1264.13 1.01
Direct 1.01 Consumer Non Durables
Regular 2.52
**Note: The rates specified are the actual weighted average expenses ITC Ltd. 1057369 2669.33 2.13 Other Equities^ 6009.01 4.80
charged for the month of Jul 2016. The above ratio includes the Asian Paints (India) Ltd. 190000 2117.93 1.69 CBLO 7498.40 5.99
Service tax on Investment Management Fees. The above ratio Portfolio Total 125084.77 99.95
United Breweries Ltd. 247000 2006.63 1.60
includes, proportionate charge (out of maximum 30 bps on daily
Parag Milk Foods Ltd. 507065 1634.27 1.31 Cash / Net Current Asset 57.70 0.05
average net assets allowed) in respect sales beyond T-15 cities
assets, wherever applicable. Net Assets 125142.47 100.00
VOLATILITY MEASURES FUND BENCHMARK SIP - If you had invested INR 10000 every month ^ Exposure less than 1% has been clubbed under Other Equities
Std. Dev (Annualised) 15.77 15.51
Sharpe Ratio 0.30 0.21 1 Year 3 Year 5 Year 7 Year 10 Year Since Inception
Portfolio Beta 0.98 1.00 Total Amount Invested (Rs.) 120,000 360,000 600,000 840,000 1,200,000 2,800,000
R Squared 0.92 1.00 Total Value as on Jun 30, 2016 (Rs.) 126,487 457,951 925,454 1,412,315 2,403,434 29,180,443
Treynor 1.38 0.93 Returns 10.20% 16.29% 17.38% 14.59% 13.32% 17.72%
Jenson 0.44 NA Total Value of B: S&P BSE 200 126,111 420,345 805,027 1,188,017 1,981,615 14,812,116
B: S&P BSE 200 9.60% 10.34% 11.71% 9.74% 9.69% 12.89%
Risk-free rate based on the FBIL Overnight MIBOR rate of 124,455 397,911 760,998 1,128,429 1,864,036 12,511,144
Total Value of AB: S&P BSE Sensex
6.59% as on Jul 29, 2016
AB: S&P BSE Sensex 6.97% 6.62% 9.45% 8.30% 8.53% 11.67%
For calculation methodology please refer to Pg 49 (Inception date: 25-Feb-1993) (First Installment date: 01-Mar-1993)
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 not taken in to
MINIMUM INVESTMENT/ consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered.
MULTIPLES FOR NEW INVESTMENT For scheme performance refer pages 37 - 46.
*B: Benchmark, AB: Additional Benchmark
Rs. 5,000/- and in multiples of Re. 1/- thereafter.
Source: MFI Explorer
ADDITIONAL INVESTMENT/
MULTIPLES FOR EXISTING INVESTORS Top 10 Holdings Equity Sector Allocation
Rs. 1,000/- and multiples of Re. 1/- thereafter. Issuer Name % to NAV Banks 18.35%
HDFC Bank Ltd. 6.58 Auto 10.31%
Pharmaceuticals 10.31%
LOAD STRUCTURE Ultratech Cement Ltd. 3.00 Construction Project 9.05%
Consumer Non Durables 7.44%
Entry Load : Not Applicable
Yes Bank Ltd. 2.84 Cement 7.38%
Tata Motors Ltd. 2.83 Software 6.66%
Finance 6.47%
Exit Load : 1% if redeemed on or before expiry of 365 Sadbhav Engineering Ltd. 2.83 Construction 3.34%
days from the date of allotment. Industrial Capital Goods 3.16%
Infosys Ltd. 2.68 Transportation 2.80%
Power Grid Corporation Of India Ltd. 2.63 Power 2.63%
Gas 2.05%
Mahindra & Mahindra Ltd. 2.58 Retailing 1.57%
Maruti Suzuki India Ltd. 2.54 Auto Ancillaries 1.27%
Petroleum Products 1.16%
The Ramco Cements Ltd. 2.46 Media & Entertainment 0.02%
Total 30.97 0.00% 5.00% 10.00% 15.00% 20.00%

Market Capitalisation wise Exposure NAV Movement


Large Cap 74.27% Tata Equity Opportunities Fund - Reg S&P BSE 200
190
Mid Cap 19.27% 170
Small Cap 6.46% 150
130
Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are
top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 110
126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For 90
calculation purpose, the previous month market capitalisation data have been used. All the figures has
Jul-13 Jul-14 Jul-15 Jul-16
been rebased to 100 (Based on internal calculation).

www.tatamutualfund.com TATA MUTUAL FUND 10


Tata Ethical Fund
(An Open-Ended Equity Scheme)

As on 31st July 2016 PORTFOLIO


INVESTMENT STYLE Company name No. of Market Value % of Company name No. of Market Value % of
An equity scheme which invests primarily in equities of
Shares Rs. Lakhs Assets Shares Rs. Lakhs Assets
Shariah compliant companies and other instrument if Equity & Equity Related Total 39045.25 76.94 Oil
allowed under Shariah principles. Auto 236500 520.18 1.03
Oil & Natural Gas Co.
INVESTMENT OBJECTIVE Bajaj Auto Ltd. 55000 1486.10 2.93 Pesticides
To provide medium to long- term capital gains by investing Maruti Suzuki India Ltd. 28900 1374.25 2.71 Rallis India Ltd. 292000 654.52 1.29
in Shariah compliant equity and equity related instruments Hero Motocorp Ltd. 30000 961.94 1.90 Petroleum Products
of well-researched value and growth - oriented companies.
Auto Ancillaries Castrol India Ltd. 495000 2186.91 4.31
DATE OF ALLOTMENT WABCO India Ltd. 18200 1157.09 2.28 Pharmaceuticals
May 24,1996 Bosch Ltd. 4100 1024.54 2.02 Divis Laboratories Ltd. 115000 1379.66 2.72
Amara Raja Batteries Ltd. 104849 982.38 1.94 Lupin Ltd. 65000 1131.49 2.23
FUND MANAGER
Cement Sun Pharmaceutical Industries Ltd. 124300 1031.38 2.03
Pradeep Gokhale (Managing Since Jan-12 and overall
experience of 25 years) Ultratech Cement Ltd. 43500 1612.00 3.18 Cipla Ltd. 192469 1016.53 2.00
Ambuja Cements Ltd. 545000 1477.77 2.91 Glenmark Pharmaceuticals Ltd. 82000 705.24 1.39
BENCHMARK
Shree Cement Ltd. 9147 1473.56 2.90 Sanofi India Ltd. 12400 566.04 1.12
Nifty 500 Shariah
Grasim Industries Ltd. 29250 1429.23 2.82 Software
NAV ACC Ltd. 59000 997.07 1.96 Infosys Ltd. 200000 2147.90 4.23
Direct - Growth : 139.06 Consumer Non Durables Tata Consultancy Services Ltd. 61400 1607.79 3.17
Direct - Dividend : 83.61
Hindustan Unilever Ltd. 162000 1492.83 2.94 HCL Technologies Ltd. 146000 1098.65 2.17
Reg - Growth : 134.89
Reg - Dividend : 65.22 Britannia Industries Ltd. 45000 1318.43 2.60 Eclerx Services Ltd. 42093 653.14 1.29
Glaxo Smithkline Con Healthcar Ltd. 20000 1266.14 2.50 Transportation
FUND SIZE
Asian Paints (India) Ltd. 107500 1198.30 2.36 Gujarat Pipavav Port Ltd. 459000 789.71 1.56
Rs. 507.46 (Rs. in Cr.)
Colgate-Palmolive India Ltd. 86100 803.36 1.58
MONTHLY AVERAGE AUM Kansai Nerolac Paints Ltd. 184000 627.26 1.24 Other Equities^ 8228.11 16.21
Rs. 495.09 (Rs. in Cr.) Industrial Capital Goods Portfolio Total 47273.36 93.16
Thermax Ltd. 76196 672.28 1.32 Cash / Net Current Asset 3472.67 6.84
TURN OVER
Alstom T & D India Ltd. 178000 614.46 1.21 Net Assets 50746.03 100.00
Portfolio Turnover (Total) 8.84%
Portfolio Turnover (Equity component only) 8.84% Industrial Products
^ Exposure less than 1% has been clubbed under Other Equities
Cummins India Ltd. 111743 971.33 1.91
EXPENSE RATIO**
Finolex Cables Ltd. 156271 615.79 1.21
Direct 2.14
Regular 2.85
**Note: The rates specified are the actual weighted average expenses
charged for the month of Jul 2016. The above ratio includes the SIP - If you had invested INR 10000 every month
Service tax on Investment Management Fees. The above ratio
includes, proportionate charge (out of maximum 30 bps on daily 1 Year 3 Year 5 Year 7 Year 10 Year Since Inception
average net assets allowed) in respect sales beyond T-15 cities
Total Amount Invested (Rs.) 120,000 360,000 600,000 840,000 1,200,000 2,380,000
assets, wherever applicable.
Total Value as on Jun 30, 2016 (Rs.) 121,760 441,323 908,746 1,432,112 2,511,437 22,252,706
VOLATILITY MEASURES FUND BENCHMARK
Returns 2.74% 13.70% 16.63% 14.98% 14.14% 19.39%
Std. Dev (Annualised) 12.07 12.98
Sharpe Ratio 0.34 0.27 Total Value of B: Nifty 500 Shariah 124,741 432,272 854,984 1,278,656 2,091,075 4,712,811
Portfolio Beta 0.85 1.00 B: Nifty 500 Shariah 7.43% 12.27% 14.15% 11.80% 10.71% 6.43%
R Squared 0.82 1.00
Treynor 1.38 1.00 Total Value of AB: Nifty 50 125,632 406,399 775,087 1,152,291 1,912,085 9,674,297
Jenson 0.32 NA AB: Nifty 50 8.84% 8.04% 10.19% 8.89% 9.01% 12.59%
Risk-free rate based on the FBIL Overnight MIBOR rate of
(Inception date: 24-May-1996) (First Installment date: 01-Sep-1996)
6.59% as on Jul 29, 2016
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
For calculation methodology please refer to Pg 49 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.
MINIMUM INVESTMENT/
For scheme performance refer pages 37 - 46.
MULTIPLES FOR NEW INVESTMENT
*B: Benchmark, AB: Additional Benchmark
Rs. 5,000/- and in multiples of Re. 1/- thereafter. Source: MFI Explorer

ADDITIONAL INVESTMENT/ Top 10 Holdings Equity Sector Allocation


MULTIPLES FOR EXISTING INVESTORS
Issuer Name % to NAV Consumer Non Durables 15.32%
Rs. 1,000/- and multiples of Re. 1/- thereafter. Castrol India Ltd. 4.31 Software 15.27%
Cement 13.77%
Infosys Ltd. 4.23 Pharmaceuticals 11.55%
LOAD STRUCTURE Ultratech Cement Ltd. 3.18 Auto 8.42%
Tata Consultancy Services Ltd. 3.17 Auto Ancillaries 6.80%
Entry Load : Not Applicable Industrial Products 6.52%
Hindustan Unilever Ltd. 2.94 Industrial Capital Goods 4.84%
Exit Load : 1% of the applicable NAV, if redeemed on Bajaj Auto Ltd. 2.93 Petroleum Products 4.31%
or before 365 days from the date of Consumer Durables 2.11%
allotment. (w.e.f. 6th April, 2015)
Ambuja Cements Ltd. 2.91 Transportation 1.56%
Shree Cement Ltd. 2.90 Pesticides 1.29%
Grasim Industries Ltd. 2.82 Oil 1.03%
Healthcare Services 0.38%
Divi Laboratories Ltd. 2.72
Total 32.11 0.00% 5.00% 10.00% 15.00% 20.00%
** Please refer note on Page No. 46
Market Capitalisation wise Exposure NAV Movement
Large Cap 77.79% Tata Ethical Fund - Reg Nifty 500 Shariah
190
Mid Cap 20.17% 170
Small Cap 2.04% 150
130
Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are
top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 110
126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For 90
calculation purpose, the previous month market capitalisation data have been used. All the figures has
Jul-13 Jul-14 Jul-15 Jul-16
been rebased to 100 (Based on internal calculation).

www.tatamutualfund.com TATA MUTUAL FUND 11


Tata Equity P/E Fund
(An Open-Ended Equity Scheme)

As on 31st July 2016 PORTFOLIO


INVESTMENT STYLE Company name No. of Market Value % of Company name No. of Market Value % of
Shares Rs. Lakhs Assets Shares Rs. Lakhs Assets
Primarily invests at least 70% of the net assets in equity
shares whose rolling P/E ratio on past four quarter earnings Equity & Equity Related Total 60418.13 95.52 Non - Ferrous Metals
for individual companies is less than rolling P/E of the S&P Banks Hindustan Zinc Ltd. 400000 815.20 1.29
BSE SENSEX stocks. Yes Bank Ltd. 432000 5258.30 8.31 Oil
INVESTMENT OBJECTIVE City Union Bank Ltd. 1572400 2036.26 3.22 Oil & Natural Gas Co. 845000 1858.58 2.94
To provide reasonable and regular income and/ or possible DCB Bank Ltd. 1000000 1110.00 1.75 Power
capital appreciation to its Unitholder.
Axis Bank Ltd. 200000 1092.10 1.73 Power Grid Corporation Of India Ltd. 3080000 5417.72 8.57
DATE OF ALLOTMENT ICICI Bank Ltd. 300000 788.55 1.25 Services
June 29, 2004 Kotak Mahindra Bank Ltd. 85000 647.57 1.02 Aditya Birla Nuvo Ltd. 150000 2123.63 3.36
FUND MANAGER Cement Software
Sonam Udasi (Managing Since Apr - 16 and overall J K Cement Ltd. 100000 708.30 1.12 HCL Technologies Ltd. 400000 3010.00 4.76
experience of 18 years) Chemicals Mphasis Ltd. 275000 1484.86 2.35
Atul Ltd. 69500 1337.56 2.11 Hexaware Technologies Ltd. 400000 883.20 1.40
BENCHMARK
Construction Telecom - Services
S&P BSE Sensex
KNR Constructions Ltd. 305000 1824.82 2.89 Idea Cellular Ltd. 1500000 1567.50 2.48
NAV Cera Sanitaryware Ltd. 37500 884.81 1.40 Textile Products
Direct - Growth : 100.63 Brigade Enterprises Ltd. 385000 660.08 1.04 K.P.R. Mill Ltd. 61500 680.47 1.08
Direct - Dividend (Trigger Option A 5%) : 51.47 Consumer Durables
Direct - Dividend (Trigger Option B 10%) : 51.88
Reg - Growth : 98.56 Greenply Industries Ltd. 467170 1198.29 1.89 Other Equities^ 2788.36 4.41
Reg - Dividend (Trigger Option A 5%) : 50.22 Finance CBLO 2694.70 4.26
Reg - Dividend (Trigger Option B 10%) : 50.71
Muthoot Finance Ltd. 900000 2968.65 4.69 Portfolio Total 63112.83 99.78
FUND SIZE Bajaj Finserv Ltd. 108000 2937.17 4.64 Cash / Net Current Asset 139.38 0.22
Rs.632.52 (Rs. in Cr.) Max Financial Services Ltd. 210000 1217.79 1.93
Net Assets 63252.21 100.00
Manappuram Finance Ltd. 1300000 1064.70 1.68
MONTHLY AVERAGE AUM ^ Exposure less than 1% has been clubbed under Other Equities
Gas
Rs. 619.68 (Rs. in Cr.)
Gail ( India ) Ltd. 645000 2465.19 3.90
TURN OVER Gujarat State Petronet Ltd. 1200000 1597.80 2.53
Portfolio Turnover (Total) 73.72% Indraprastha Gas Ltd. 200000 1291.50 2.04
Portfolio Turnover (Equity component only) 72.86% Industrial Products
EXPENSE RATIO** Finolex Cables Ltd. 779500 3071.62 4.86
Direct 2.10
Greaves Cotton Ltd. 650000 934.05 1.48
Regular 2.68 Media & Entertainment
**Note: The rates specified are the actual weighted average expenses
Sun TV Network Ltd. 300000 1347.90 2.13
charged for the month of Jul 2016. The above ratio includes the
Service tax on Investment Management Fees. The above ratio Minerals/Mining
includes, proportionate charge (out of maximum 30 bps on daily Coal India Ltd. 1020000 3345.60 5.29
average net assets allowed) in respect sales beyond T-15 cities
assets, wherever applicable.
SIP - If you had invested INR 10000 every month
VOLATILITY MEASURES FUND BENCHMARK
1 Year 3 Year 5 Year 7 Year 10 Year Since Inception
Std. Dev (Annualised) 19.93 14.80
Total Amount Invested (Rs.) 120,000 360,000 600,000 840,000 1,200,000 1,440,000
Sharpe Ratio 0.35 0.14
Portfolio Beta 1.17 1.00 Total Value as on Jun 30, 2016 (Rs.) 132,785 494,406 987,944 1,500,901 2,752,613 4,231,066
R Squared 0.75 1.00 Returns 20.39% 21.76% 20.06% 16.30% 15.85% 16.78%
Treynor 1.71 0.60
Jenson 1.30 NA Total Value of B: S&P BSE Sensex 124,455 397,911 760,998 1,128,429 1,864,036 2,763,748
PE 19.58 20.54 B: S&P BSE Sensex 6.97% 6.62% 9.45% 8.30% 8.53% 10.34%
Risk-free rate based on the FBIL Overnight MIBOR rate of (Inception date: 29-Jun-2004) (First Installment date: 01-Jul-2004)
6.59% as on Jul 29, 2016 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 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 49
For scheme performance refer pages 37-46.
*B: Benchmark
MINIMUM INVESTMENT/
Source: MFI Explorer
MULTIPLES FOR NEW INVESTMENT
Rs. 5,000/- and in multiples of Re. 1/- thereafter. Top 10 Holdings Equity Sector Allocation
Issuer Name % to NAV Banks 17.28%
ADDITIONAL INVESTMENT/ Finance 13.77%
MULTIPLES FOR EXISTING INVESTORS
Power Grid Corporation Of India Ltd. 8.57 Power 8.57%
Yes Bank Ltd. 8.31 Software 8.50%
Gas 8.47%
Rs. 1,000/- and multiples of Re. 1/- thereafter. Coal India Ltd. 5.29 Industrial Products 6.33%
Construction 5.33%
LOAD STRUCTURE Finolex Cables Ltd. 4.86 Minerals/mining 5.29%
Services 3.36%
HCL Technologies Ltd. 4.76 Chemicals 3.05%
Entry Load : Not Applicable Oil 2.94%
Muthoot Finance Ltd. 4.69 Telecom - Services 2.48%
Bajaj Finserv Ltd. Media & Entertainment 2.13%
Exit Load : 1% if redeemed on or before expiry of 365 4.64 Textile Products 2.02%
days from the date of allotment (w.e.f. 6th Gail (india) Ltd. 3.90 Consumer Durables
Non - Ferrous Metals
1.89%
1.29%
April, 2015) Aditya Birla Nuvo Ltd. 3.36 Consumer Non Durables 1.27%
Cement 1.12%
City Union Bank Ltd. 3.22 Retailing 0.44%
Total 51.60 0.00% 5.00% 10.00% 15.00% 20.00%

Market Capitalisation wise Exposure NAV Movement


Large Cap 55.89% Tata Equity P/E Fund - Reg S&P BSE Sensex
240
Mid Cap 40.01%
210
Small Cap 4.10% 180
150
Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are
120
top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between
126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For 90
calculation purpose, the previous month market capitalisation data have been used. All the figures has Jul-13 Jul-14 Jul-15 Jul-16
been rebased to 100 (Based on internal calculation).

www.tatamutualfund.com TATA MUTUAL FUND 12


Tata Mid Cap Growth Fund
(An Open-Ended Equity Scheme)

As on 31st July 2016 PORTFOLIO


INVESTMENT STYLE Company name No. of Market Value % of Company name No. of Market Value % of
An equity scheme with focus towards mid cap stocks.
Shares Rs. Lakhs Assets Shares Rs. Lakhs Assets
Equity & Equity Related Total 52953.40 89.62 Finance
INVESTMENT OBJECTIVE Auto Sundaram Finance Ltd. 75000 1119.00 1.89
To provide income distribution and / or medium to long Eicher Motors Ltd. 5000 1123.29 1.90 Multi Commodity Exchange Of Ind Ltd. 65000 683.54 1.16
term capital gains. Investments would be focused towards Auto Ancillaries Cholamandalam Investment & Finance Co Ltd. 60000 655.20 1.11
mid-cap stocks. WABCO India Ltd. 28000 1780.14 3.01 Gas
DATE OF ALLOTMENT Amara Raja Batteries Ltd. 150000 1405.43 2.38 Gujarat State Petronet Ltd. 750000 998.63 1.69
Exide Industries Ltd. 700000 1251.95 2.12 Hotels, Resort And Other Equities^ Recreational Activities
July 1, 1994
Banks Adlabs Entertainment Ltd. 750000 653.25 1.11
FUND MANAGER Yes Bank Ltd. 200000 2434.40 4.12 Industrial Capital Goods
Rupesh Patel (Managing Since Apr - 16 and overall DCB Bank Ltd. 1200000 1332.00 2.25 Bharat Electronics Ltd. 100000 1236.05 2.09
experience of 15 years) (Equity), Danesh Mistry City Union Bank Ltd. 800000 1036.00 1.75 Industrial Products
(Managing Since Apr - 16 and overall experience of 13 Cement Fag Bearings Ltd. 25000 1020.00 1.73
years) Shree Cement Ltd. 10000 1610.98 2.73 Astral Poly Technik Ltd. 195000 989.63 1.67
BENCHMARK The Ramco Cements Ltd. 200000 1093.90 1.85 AIA Engineering Ltd. 85000 875.71 1.48
Nifty Free Float Midcap 100 J K Cement Ltd. 100000 708.30 1.20 Mahindra Cie Automotive Ltd. 400000 738.40 1.25
Mangalam Cement Ltd. 212829 636.36 1.08 Media & Entertainment
NAV Chemicals Inox Leisure Ltd. 400000 984.00 1.67
Direct - Growth : 110.83 Navin Fluorine International Ltd. 49999 1162.80 1.97 Pesticides
Direct - Dividend : 41.96 Solar Industries India Ltd. 125000 827.38 1.40 Rallis India Ltd. 550000 1232.83 2.09
Direct - Bonus : 101.71# Construction Bayer Cropscience Ltd. 25000 998.19 1.69
Reg - Growth : 107.84 Kajaria Ceramics Ltd. 100000 1269.35 2.15 P.I. Industries Ltd. 100000 752.50 1.27
Reg - Dividend : 35.24 KNR Constructions Ltd. 200000 1196.60 2.03 Pharmaceuticals
Reg - Bonus : 100.38 Cera Sanitaryware Ltd. 40000 943.80 1.60 Glenmark Pharmaceuticals Ltd. 200000 1720.10 2.91
# Direct Plans are available for subscription under all open NBCC India Ltd. 250000 616.50 1.04 Strides Shasun Ltd. 120000 1395.00 2.36
ended schemes of Tata Mutual Fund w.e.f 1st January Brigade Enterprises Ltd. 350000 600.08 1.02 Alkem Laboratories Ltd. 50000 780.20 1.32
2013. Separate NAV will be calculated & published for Construction Project Divis Laboratories Ltd. 60000 719.82 1.22
respective option(s) of the Direct Plan upon initial Sadbhav Engineering Ltd. 500000 1432.00 2.42 Retailing
subscription. Techno Electric And Engineering Company Ltd. 150000 1032.75 1.75 Aditya Birla Fashion & Retail Ltd. 800000 1158.80 1.96
FUND SIZE Sadbhav Infrastructure Project Ltd. 1000000 990.00 1.68 V-Mart Retail Ltd. 150000 730.80 1.24
NCC Ltd. 1000000 816.50 1.38 Services
Rs. 590.87 (Rs. in Cr.) Consumer Durables Aditya Birla Nuvo Ltd. 63000 891.92 1.51
Century Plyboards (India) Ltd. 480000 1128.96 1.91 Software
MONTHLY AVERAGE AUM
Blue Star Ltd. 200000 973.50 1.65 Hexaware Technologies Ltd. 300000 662.40 1.12
Rs. 579.42 (Rs. in Cr.) IFB Industries Ltd. 225000 864.34 1.46
TURN OVER Consumer Non Durables Other Equities^ 4757.30 8.05
United Breweries Ltd. 155000 1259.22 2.13 CBLO 2212.94 3.74
Portfolio Turnover (Total) 38.98%
Kansai Nerolac Paints Ltd. 300000 1022.70 1.73 Portfolio Total 59923.64 101.41
Portfolio Turnover (Equity component only) 38.98%
Parag Milk Foods Ltd. 240500 775.13 1.31 Net Current Liabilities -837.08 -1.41
EXPENSE RATIO** Glaxo Smithkline Con Healthcar Ltd. 10000 633.07 1.07 Net Assets 59086.56 100.00
Direct 2.12 ^ Exposure less than 1% has been clubbed under Other Equities
Regular 2.68
**Note: The rates specified are the actual weighted average expenses
charged for the month of Jul 2016. The above ratio includes the
SIP - If you had invested INR 10000 every month
Service tax on Investment Management Fees. The above ratio 1 Year 3 Year 5 Year 7 Year 10 Year Since Inception
includes, proportionate charge (out of maximum 30 bps on daily Total Amount Invested (Rs.) 120,000 360,000 600,000 840,000 1,200,000 2,640,000
average net assets allowed) in respect sales beyond T-15 cities
assets, wherever applicable.
Total Value as on Jun 30, 2016 (Rs.) 123,326 506,790 1,079,896 1,690,389 2,975,744 14,988,618
VOLATILITY MEASURES FUND BENCHMARK Returns 5.19% 23.55% 23.74% 19.63% 17.30% 17.33%
Total Value of B: Nifty Free Float Midcap 100 127,200 476,328 919,327 1,356,473 2,351,893 12,341,262
Std. Dev (Annualised) 19.30 17.64
Sharpe Ratio 0.41 0.35 B: Nifty Free Float Midcap 100 11.34% 19.08% 17.11% 13.46% 12.91% 15.51%
Portfolio Beta 1.04 1.00 Total Value of AB: Nifty 50 125,632 406,399 775,087 1,152,291 1,912,085 8,741,290
R Squared 0.90 1.00 AB: Nifty 50 8.84% 8.04% 10.19% 8.89% 9.01% 12.22%
Treynor 2.16 1.79 (Inception date: 01-Jul-1994) (First Installment date: 01-Jul-1994)
Jenson 0.38 NA
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
Risk-free rate based on the FBIL Overnight MIBOR rate of
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.
6.59% as on Jul 29, 2016
For scheme performance refer pages 37 - 46
For calculation methodology please refer to Pg 49 *B: Benchmark, AB: Additional Benchmark
Source: MFI Explorer
MINIMUM INVESTMENT/
MULTIPLES FOR NEW INVESTMENT
Top 10 Holdings Equity Sector Allocation
Rs. 5,000/- and in multiples of Re. 1/- thereafter.
Issuer Name % to NAV Pharmaceuticals
Banks
8.68%
8.13%
ADDITIONAL INVESTMENT/ Yes Bank Ltd. 4.12 Construction Project
Construction
8.00%
7.83%
MULTIPLES FOR EXISTING INVESTORS WABCO India Ltd. 3.01 Auto Ancillaries
Consumer Non Durables
7.51%
7.23%
Glenmark Pharmaceuticals Ltd. 2.91 Industrial Products
Cement
6.90%
6.85%
Rs. 1,000/- and multiples of Re. 1/- thereafter.
Shree Cement Ltd. 2.73 Pesticides
Consumer Durables
5.97%
5.02%
LOAD STRUCTURE
Sadbhav Engineering Ltd. 2.42 Chemicals
Finance
4.30%
4.16%
Amara Raja Batteries Ltd. 2.38 Retailing
Industrial Capital Goods 2.09%
3.20%
V
Entry Load : Not Applicable
Strides Shasun Ltd. 2.36 Software
Auto
2.06%
1.90%
Exit Load : 1% if redeemed on or before expiry of 365 DCB Bank Ltd.. 2.25 Transportation
Gas
1.88%
1.69%
days from the date of allotment (w.e.f. 6th Kajaria Ceramics Ltd. 2.15 Media & Entertainment
Services
1.67%
1.51%
April, 2015) United Breweries Ltd. 2.13 Hotels, Resort And Other Recreational 1.11%
Total 26.46 0.00% 5.00% 10.00%

NAV Movement
Tata Mid Cap Growth Fund - Reg - Dividend Nifty Free Float Midcap 100
230
202
174
146
118
90
Jul-13 Jul-14 Jul-15 Jul-16

www.tatamutualfund.com TATA MUTUAL FUND 13


Tata Dividend Yield Fund
(An Open-Ended Equity Scheme)

As on 31st July 2016 PORTFOLIO


INVESTMENT STYLE
No. of Market Value % of No. of Market Value % of
Company name Company name
Shares Rs. Lakhs Assets Shares Rs. Lakhs Assets
Primarily focuses on investing in high dividend yield
stocks. Minimum 70% of the net assets shall be invested in Equity & Equity Related Total 30362.64 96.79 Pharmaceuticals
stocks having dividend yield higher than dividend yield of Auto Strides Shasun Ltd. 137300 1596.11 5.09
S&P BSE SENSEX stocks.
Bajaj Auto Ltd. 45500 1229.41 3.92 Glaxosmithkline Pharmaceuticals Ltd. 20000 662.92 2.11
INVESTMENT OBJECTIVE
Hero Motocorp Ltd. 37000 1186.39 3.78 Pfizer Ltd. 20000 399.07 1.27
To provide income distribution and / or medium to long
Banks Power
term capital gains by investing predominantly in high
dividend yield stocks. HDFC Bank Ltd. 152750 1904.11 6.07 Power Grid Corporation Of India Ltd. 900000 1583.10 5.05
DATE OF ALLOTMENT
ICICI Bank Ltd. 400000 1051.40 3.35 Software
November 22, 2004 Karur Vysa Bank Ltd. 112800 542.96 1.73 Eclerx Services Ltd. 93333 1448.20 4.62
IDFC Ltd. 900000 490.95 1.57 HCL Technologies Ltd. 192000 1444.80 4.61
FUND MANAGER
Cement Infosys Ltd. 120000 1288.74 4.11
Rupesh Patel (Managing Since Jun - 13 and overall
experience of 15 years) Ambuja Cements Ltd. 300000 813.45 2.59 NIIT Technologies Ltd. 140000 630.77 2.01
BENCHMARK
Construction Project Tata Consultancy Services Ltd. 24000 628.45 2.00
Nifty 500
Engineers India Ltd. 300000 680.70 2.17 Oracle Financials Services Soft Ltd. 16000 590.85 1.88
Sadbhav Engineering Ltd. 187665 537.47 1.71 Mphasis Ltd. 100000 539.95 1.72
NAV
Consumer Non Durables Hexaware Technologies Ltd. 230000 507.84 1.62
Direct - Growth : 65.30
Hindustan Unilever Ltd. 100000 921.50 2.94 Telecom - Services
Direct - Dividend : 28.36
Reg - Growth : 63.72 Colgate-Palmolive India Ltd. 84000 783.76 2.50 Tata Communications Ltd. 160000 704.48 2.25
Reg - Dividend : 27.62 CCL Products India Ltd. 300000 778.35 2.48
FUND SIZE ITC Ltd. 244500 617.24 1.97 CBLO 1031.50 3.29
Rs. 313.69 (Rs. in Cr.) MPS Ltd. 67019 452.38 1.44 Portfolio Total 31394.14 100.08
Finance Net Current Liabilities -24.70 -0.08
MONTHLY AVERAGE AUM
Manappuram Finance Ltd. 2750000 2252.25 7.18 Net Assets 31369.44 100.00
Rs. 310.29 (Rs. in Cr.)
Industrial Products ^ Exposure less than 1% has been clubbed under Other Equities
TURN OVER Finolex Industries Ltd. 260000 1222.78 3.90
Portfolio Turnover (Total) 19.05% Cummins India Ltd. 114319 993.72 3.17
Portfolio Turnover (Equity component only) 19.05% Swaraj Engines Ltd. 46500 541.66 1.73
Minerals/Mining
EXPENSE RATIO**
Coal India Ltd. 250000 820.00 2.61
Direct 2.07
Regular 2.70 Oil
**Note: The rates specified are the actual weighted average expenses Oil & Natural Gas Co. 235000 516.88 1.65
charged for the month of Jul 2016. The above ratio includes the
Service tax on Investment Management Fees. The above ratio
includes, proportionate charge (out of maximum 30 bps on daily
average net assets allowed) in respect sales beyond T-15 cities SIP - If you had invested INR 10000 every month
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 1,390,000
Total Value as on Jun 30, 2016 (Rs.) 128,925 458,832 895,079 1,409,167 2,649,242 3,549,777
Std. Dev (Annualised) 14.69 15.79
Sharpe Ratio 0.31 0.22 Returns 14.11% 16.43% 16.02% 14.53% 15.14% 15.24%
Portfolio Beta 0.88 1.00 Total Value of B: Nifty 500 126,376 425,688 817,286 1,204,594 1,996,953 2,624,197
R Squared 0.89 1.00
B: Nifty 500 10.03% 11.21% 12.32% 10.13% 9.84% 10.47%
Treynor 1.50 1.01
Jenson 0.43 NA Total Value of AB: Nifty 50 125,632 406,399 775,087 1,152,291 1,912,085 2,559,156
Dividend Yield 2.77 1.39* AB: Nifty 50 8.84% 8.04% 10.19% 8.89% 9.01% 10.07%
Risk-free rate based on the FBIL Overnight MIBOR rate of (Inception date: 22-Nov-2004) (First Installment date: 01-Dec-2004)
6.59% as on Jul 29, 2016 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
For calculation methodology please refer to Pg 49 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 S&P BSE Sensex For scheme performance refer pages 37-46.
*B: Benchmark, AB: Additional Benchmark
MINIMUM INVESTMENT/ Source: MFI Explorer
MULTIPLES FOR NEW INVESTMENT
Rs. 5,000/- and in multiples of Re. 1/- thereafter. Top 10 Holdings Equity Sector Allocation
Issuer Name % to NAV Software 22.57%
ADDITIONAL INVESTMENT/ Manappuram Finance Ltd. 7.18 Banks 12.72%
MULTIPLES FOR EXISTING INVESTORS Consumer Non Durables 11.33%
HDFC Bank Ltd. 6.07
Industrial Products 8.79%
Rs. 1,000/- and multiples of Re. 1/- thereafter. Strides Shasun Ltd. 5.09 Pharmaceuticals 8.47%
Power Grid Corporation Of India Ltd. 5.05 Auto 7.70%
LOAD STRUCTURE Eclerx Services Ltd. 4.62 Finance 7.18%
HCL Technologies Ltd. 4.61 Power 5.05%
Entry Load : Not Applicable Construction Project V
3.88%
Infosys Ltd. 4.11 Minerals/mining 2.61%
Exit Load : 1% if redeemed on or before expiry of 365 Bajaj Auto Ltd. 3.92 Cement 2.59%
days from the date of allotment.
Finolex Industries Ltd. 3.90 Telecom - Services 2.25%
Hero Motocorp Ltd. 3.78 Oil 1.65%
Total 48.33 0.00% 5.00% 10.00% 15.00% 20.00% 25.00%

Market Capitalisation wise Exposure NAV Movement


Large Cap 56.11% Tata Dividend Yield Fund - Reg Nifty 500
190
Mid Cap 38.83%
170
Small Cap 5.06% 150
130
Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are
top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 110
126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For
90
calculation purpose, the previous month market capitalisation data have been used. All the figures has
been rebased to 100 (Based on internal calculation). Jul-13 Jul-14 Jul-15 Jul-16

www.tatamutualfund.com TATA MUTUAL FUND 14


Tata India Tax Savings Fund (Erstwhile known as Tata Long Term Equity Fund; renamed w.e.f December 21, 2015)
(An Open-Ended Equity Linked Saving Scheme (ELSS) for residents with a lock-in period of 3 years)

As on 31st July 2016 PORTFOLIO


INVESTMENT STYLE Company name No. of Market Value % of Company name No. of Market Value % of
Shares Rs. Lakhs Assets Shares Rs. Lakhs Assets
An equity linked tax savings scheme (ELSS) that aims to
provide medium to long term capital gains along with Equity & Equity Related Total 32141.36 86.56 Sundaram Finance Ltd. 35000 522.20 1.41
income tax benefit under Section 80C of the Income Tax Auto Housing Development Finance Ltd. 35000 481.02 1.30
Act. Mahindra & Mahindra Ltd. 50000 733.45 1.98 Cholamandalam Investment & Finance Co Ltd. 40000 436.80 1.18
INVESTMENT OBJECTIVE Tata Motors Ltd. 111000 558.33 1.50 Multi Commodity Exchange Of Ind Ltd. 36000 378.58 1.02
To provide medium to long term capital gains along with Eicher Motors Ltd. 1690 379.67 1.02 Gas
income tax relief to its Unitholders, while at all times Auto Ancillaries Gujarat State Petronet Ltd. 300000 399.45 1.08
emphasising the importance of capital appreciation. Exide Industries Ltd. 410000 733.29 1.97 Hotels, Resort And Other Equities^ Recreational Activities
DATE OF ALLOTMENT WABCO India Ltd. 9000 572.19 1.54 Wonderla Holidays Ltd. 100000 410.00 1.10
March 31,1996 Banks Industrial Capital Goods
HDFC Bank Ltd. 175000 2181.46 5.88 Bharat Electronics Ltd. 52500 648.93 1.75
FUND MANAGER Yes Bank Ltd. 1217.20 3.28 Industrial Products
100000
Rupesh Patel (Managing Since Apr-15 and overall State Bank Of India 475000 1087.99 2.93 Cummins India Ltd. 70000 608.48 1.64
experience of 15 years) Kotak Mahindra Bank Ltd. 799.94 2.15 Astral Poly Technik Ltd. 100000 507.50 1.37
105000
BENCHMARK Axis Bank Ltd. 130000 709.87 1.91 Timken India Ltd. 71000 426.28 1.15
S&P BSE Sensex DCB Bank Ltd. 580000 643.80 1.73 Media & Entertainment
ICICI Bank Ltd. 192000 504.67 1.36 Inox Leisure Ltd. 200000 492.00 1.33
NAV
Cement Pharmaceuticals
Direct- Dividend : 86.73 732.94 Divis Laboratories Ltd. 55000 659.84
Grasim Industries Ltd. 15000 1.97 1.78
Reg - Dividend : 68.01
Ultratech Cement Ltd. 15000 555.86 1.50 Torrent Pharmaceuticals Ltd. 38500 555.04 1.49
Direct- Growth : 13.92
Reg- Growth : 13.59 The Ramco Cements Ltd. 100000 546.95 1.47 Sun Pharmaceutical Industries Ltd. 62000 514.45 1.39
Chemicals Glenmark Pharmaceuticals Ltd. 54000 464.43 1.25
FUND SIZE Navin Fluorine International Ltd. 20000 465.13 1.25 Strides Shasun Ltd. 38000 441.75 1.19
Rs. 371.31 (Rs. in Cr.) Vinati Organics Ltd. 72500 397.59 1.07 Power
Construction Power Grid Corporation Of India Ltd. 400000 703.60 1.89
MONTHLY AVERAGE AUM
Somany Ceramics Ltd. 147274 889.90 2.40 Retailing
Rs. 356.47 (Rs. in Cr.)
Kajaria Ceramics Ltd. 65000 825.08 2.22 Aditya Birla Fashion & Retail Ltd. 424000 614.16 1.65
TURN OVER KNR Constructions Ltd. 100000 598.30 1.61 Services
Portfolio Turnover (Total) 32.54% Construction Project Aditya Birla Nuvo Ltd. 34500 488.43 1.32
Portfolio Turnover (Equity component only) 32.54% Sadbhav Infrastructure Project Ltd. 388455 384.57 1.04 Software
EXPENSE RATIO** Consumer Durables Infosys Ltd. 89000 955.82 2.57
Blue Star Ltd. 100000 486.75 1.31 HCL Technologies Ltd. 74500 560.61 1.51
Direct 2.03
Regular 2.94 Consumer Non Durables Tata Consultancy Services Ltd. 20000 523.71 1.41
**Note: The rates specified are the actual weighted average expenses Marico Ltd. 260000 738.79 1.99
charged for the month of Jul 2016. The above ratio includes the United Breweries Ltd. 89000 723.04 1.95 Other Equities^ 3989.34 10.74
Service tax on Investment Management Fees. The above ratio CBLO 1185.43 3.19
Asian Paints (India) Ltd. 58000 646.53 1.74
includes, proportionate charge (out of maximum 30 bps on daily
Britannia Industries Ltd. 18000 527.37 1.42 Portfolio Total 37316.13 100.49
average net assets allowed) in respect sales beyond T-15 cities
assets, wherever applicable. Kansai Nerolac Paints Ltd. 140000 477.26 1.29 Net Current Liabilities -184.73 -0.49
Parag Milk Foods Ltd. 133055 428.84 1.15 Net Assets 37131.40 100.00
VOLATILITY MEASURES FUND BENCHMARK
Finance ^ Exposure less than 1% has been clubbed under Other Equities
Std. Dev (Annualised) 15.88 14.80
Ujjivan Financial Services Ltd. 156730 801.52 2.16
Sharpe Ratio 0.34 0.14
Portfolio Beta 0.97 1.00
R Squared 0.81 1.00 SIP - If you had invested INR 10000 every month
Treynor 1.62 0.60 1 Year 3 Year 5 Year 7 Year 10 Year Since Inception
Jenson 0.99 NA
Total Amount Invested (Rs.) 120,000 360,000 600,000 840,000 1,200,000 2,400,000
Risk-free rate based on the FBIL Overnight MIBOR rate of Total Value as on Jun 30, 2016 (Rs.) 130,221 486,668 982,033 1,521,308 2,606,793 26,258,858
6.59% as on Jul 29, 2016
Returns 16.21% 20.62% 19.81% 16.67% 14.84% 20.48%
For calculation methodology please refer to Pg 49 Total Value of B: S&P BSE Sensex 124,455 397,911 760,998 1,128,429 1,864,036 9,735,775
B: S&P BSE Sensex 6.97% 6.62% 9.45% 8.30% 8.53% 12.47%
MINIMUM INVESTMENT/
(Inception date: 31-Mar-1996) (First Installment date: 01-Jul-1996)
MULTIPLES FOR NEW INVESTMENT
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
Rs. 500/- and in multiples of Rs. 500/- 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 37-46.
ADDITIONAL INVESTMENT/ *B: Benchmark
MULTIPLES FOR EXISTING INVESTORS Source: MFI Explorer

Rs. 500/- and multiples of Rs. 500/- thereafter. Top 10 Holdings Equity Sector Allocation
Issuer Name % to NAV Banks 19.24%
LOAD STRUCTURE Consumer Non Durables 9.54%
HDFC Bank Ltd. 5.87 Pharmaceuticals
Finance
8.53%
7.06%
Entry Load : Not Applicable Yes Bank Ltd. 3.28 Construction 6.23%
Industrial Products 6.08%
State Bank Of India 2.93 Cement 5.90%
Exit Load : Nil Software 5.49%
Infosys Ltd. 2.57 Auto
Auto Ancillaries
5.46%
3.52%
Somany Ceramics Ltd. 2.40 Consumer Durables
Chemicals
3.24%
2.32%
Kajaria Ceramics Ltd. 2.22 Hotels, Resort And Other Recreational Activities
Construction Project
2.10%
1.99% V
Ujjivan Financial Services Ltd. 2.16 Power
Industrial Capital Goods
1.89%
1.75%
Kotak Mahindra Bank 2.15 Retailing
Transportation
1.65%
1.58%
Marico Ltd. 1.99 Media & Entertainment
Services
1.33%
1.32%
Mahindra & Mahindra Ltd. 1.98 Gas 1.08%
Total 27.55 0.00% 5.00% 10.00% 15.00% 20.00% 25.00%

Market Capitalisation wise Exposure NAV Movement


Large Cap 60.34% Tata India Tax Savings Fund - Reg - Dividend S&P BSE Sensex
170
Mid Cap 27.58%
154
Small Cap 12.08% 138
122
Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are
top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 106
126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For 90
calculation purpose, the previous month market capitalisation data have been used. All the figures has
been rebased to 100 (Based on internal calculation).
Jul-13 Jul-14 Jul-15 Jul-16

www.tatamutualfund.com TATA MUTUAL FUND 15


Tata Banking & Financial Services Fund
(An Open-Ended Banking & Financial Services Sector Scheme)

INVESTMENT STYLE ADDITIONAL INVESTMENT/ PORTFOLIO As on 31st July 2016


MULTIPLES FOR EXISTING INVESTORS
Primarily focuses on investment in at least 80% of its net assets Company name No. of Market Value % of
in equity/equity related instruments of the companies in the Rs. 1,000/- and in multiples of Re. 1/- thereafter. Shares Rs. Lakhs Assets
Banking and Financial Services sector in India.
EXPENSE RATIO** Equity & Equity Related Total 8168.91 94.22
INVESTMENT OBJECTIVE Banks
Direct 1.36
The investment objective of the scheme is to seek long term Regular 3.19 Yes Bank Ltd. 67300 819.18 9.45
capital appreciation by investing atleast 80% of its net assets in **Note: The rates specified are the actual weighted average expenses charged for
Kotak Mahindra Bank Ltd.
the month of Jul 2016 . The above ratio includes the Service tax on Investment 94900 723.00 8.34
equity/equity related instruments of the companies in the Banking
and Financial Services sector in India. Management Fees. The above ratio includes, proportionate charge (out of maximum DCB Bank Ltd. 465000 516.15 5.95
30 bps on daily average net assets allowed) in respect sales beyond T-15 cities
assets, wherever applicable. State Bank Of India 153700 352.05 4.06
DATE OF ALLOTMENT City Union Bank Ltd. 243600 315.46 3.64
VOLATILITY MEASURES FUND BENCHMARK
December 28, 2015 ICICI Bank Ltd. 77000 202.39 2.33
Std. Dev (Annualised) 24.67 22.99
FUND MANAGER HDFC Bank Ltd. 124700 1554.45 17.93
Sharpe Ratio 0.44 0.19
Sonam Udasi (Managing Since Apr - 16 and overall experience of Portfolio Beta 0.84 1.00 Axis Bank Ltd. 27000 147.43 1.70
18 years) & Pradeep Gokhale (Managing Since Dec-15 and overall R Squared 0.96 1.00 Finance
experience of 25 years) Treynor 3.70 1.26
Housing Development Finance Ltd. 51400 706.42 8.15
Jenson 2.04 NA
Risk-free rate based on the FBIL Overnight MIBOR rate of 6.59% as on Jul
Max Financial Services Ltd. 108000 626.29 7.22
BENCHMARK
29, 2016 Muthoot Finance Ltd. 135000 445.30 5.14
Nifty Financial Services For calculation methodology please refer to Pg 49
Ujjivan Financial Services Ltd. 60000 306.84 3.54
NAV LOAD STRUCTURE Bajaj Finserv Ltd. 11100 301.88 3.48
Direct - Dividend : 12.86 Entry Load : Not Applicable Bajaj Finance Ltd. 2400 248.57 2.87
Direct - Growth : 12.86 Gruh Finance Ltd. 75000 219.98 2.54
Regular - Dividend : 12.73 Exit Load : 1% if redeemed or switch out from the scheme on
or before expiry of 365 days from the date of Bharat Financial Inclusion Ltd. 22000 200.02 2.31
Regular - Growth : 12.73
allotment of units. ICRA Ltd. 5000 184.20 2.12
FUND SIZE Multi Commodity Exchange Of Ind Ltd. 16000 168.26 1.94
Rs. 86.70 (Rs. in Cr.) Cholamandalam Investment & Finance Co Ltd. 12000 131.04 1.51
MONTHLY AVERAGE AUM
Rs. 81.94 (Rs. in Cr.) CBLO 496.76 5.73
Portfolio Total 8665.67 99.95
TURN OVER
Cash / Net Current Asset 4.26 0.05
Portfolio Turnover (Total) NA Net Assets 8669.93 100.00
Portfolio Turnover (Equity component only) NA

MINIMUM INVESTMENT /
MULTIPLES FOR NEW INVESTMENT
Rs. 5,000/- and in multiples of Re. 1/- thereafter.

www.tatamutualfund.com TATA MUTUAL FUND 16


Tata Digital India Fund
(An Open-Ended Information Technology Sector Scheme)

INVESTMENT STYLE MINIMUM INVESTMENT /


Primarily focuses on investment in at least 80% of its net assets in MULTIPLES FOR NEW INVESTMENT PORTFOLIO As on 31st July 2016
equity/equity related instruments of the companies in the Information
Technology sector in India.
Rs. 5,000/- and in multiples of Re. 1/- thereafter. Company name No. of Market Value % of
ADDITIONAL INVESTMENT/ MULTIPLES FOR EXISTING Shares Rs. Lakhs Assets
INVESTMENT OBJECTIVE INVESTORS
Equity & Equity Related Total 4424.95 96.58
The investment objective of the scheme is to seek long term capital
Rs. 1,000/- and in multiples of Re. 1/- thereafter. Software
appreciation by investing atleast 80% of its net assets in equity/equity
related instruments of the companies in Information Technology Sector EXPENSE RATIO** HCL Technologies Ltd. 60000 451.50 9.85
in India.However, there is no assurance or guarantee that the investment
objective of the Scheme will be achieved.The Scheme does not assure Direct 1.36 Mphasis Ltd. 42300 228.40 4.99
or guarantee any returns. Regular 2.98
Oracle Financials Services Soft Ltd. 6000 221.57 4.84
**Note: The rates specified are the actual weighted average expenses charged for the month
DATE OF ALLOTMENT of Jul 2016 . The above ratio includes the Service tax on Investment Management Fees. The Mindtree Ltd. 33000 190.46 4.16
above ratio includes, proportionate charge (out of maximum 30 bps on daily average net
December 28,2015 Persistent Systems Ltd. 27000 185.34 4.05
assets allowed) in respect sales beyond T-15 cities assets, wherever applicable.
Infosys Ltd. 170600 1832.16 39.99
FUND MANAGER VOLATILITY MEASURES FUND BENCHMARK
Tech Mahindra Ltd. 33500 163.04 3.56
Sonam Udasi (Managing Since Apr - 16 and overall experience of 18 Std. Dev (Annualised) 18.09 18.96
years) & Pradeep Gokhale (Managing Since Dec-15 and overall NIIT Technologies Ltd. 30000 135.17 2.95
Sharpe Ratio -0.13 -0.13
experience of 25 years) Portfolio Beta 0.84 1.00 Eclerx Services Ltd. 8400 130.34 2.84
R Squared 0.98 1.00
Tata Consultancy Services Ltd. 26700 699.15 15.26
Treynor -0.79 -0.71
BENCHMARK Jenson -0.07 NA Hexaware Technologies Ltd. 40000 88.32 1.93
S&P BSE IT Risk-free rate based on the FBIL Overnight MIBOR rate of 6.59% as on Jul 29, 2016 Majesco Ltd. 9300 50.33 1.10
For calculation methodology please refer to Pg 49
Info Edge (India) Ltd. 6000 49.17 1.07
NAV
LOAD STRUCTURE
Direct - Dividend : 9.94
Direct - Growth : 9.94 Entry Load : Not Applicable CBLO 256.88 5.61
Regular - Dividend : 9.84 Exit Load : 1% if redeemed or switch out from the scheme on or Portfolio Total 4681.83 102.19
Regular - Growth : 9.84 before expiry of 365 days from the date of allotment of
units. Net Current Liabilities -100.11 -2.19
FUND SIZE Net Assets 4581.72 100.00
Rs.45.82 (Rs. in Cr.)

MONTHLY AVERAGE AUM


Rs. 46.52 (Rs. in Cr.)

TURN OVER
Portfolio Turnover (Total) NA
Portfolio Turnover (Equity component only) NA

Tata India Consumer Fund


(An Open-Ended Consumption Oriented Sector Scheme)

INVESTMENT STYLE ADDITIONAL INVESTMENT/


PORTFOLIO As on 31st July 2016
Primarily focuses on investment in at least 80% of its net assets in MULTIPLES FOR EXISTING INVESTORS Company name No. of Market Value % of
equity/equity related instruments of the companies in the Consumption
Oriented sectors in India.
Rs. 1,000/- and in multiples of Re. 1/- thereafter. Shares Rs. Lakhs Assets
INVESTMENT OBJECTIVE EXPENSE RATIO** Equity & Equity Related Total 7205.38 92.59
Auto
Direct 1.39
The investment objective of the scheme is to seek long term capital Bajaj Auto Ltd. 17400 470.15 6.04
appreciation by investing atleast 80% of its assets in equity/equity Regular 3.13
Maruti Suzuki India Ltd. 6300 299.58 3.85
related instruments of the companies in the Consumption Oriented **Note: The rates specified are the actual weighted average expenses charged for the month
Mahindra & Mahindra Ltd. 20000 293.38 3.77
sectors in India.However, there is no assurance or guarantee that the of Jul 2016 . The above ratio includes the Service tax on Investment Management Fees. The
above ratio includes, proportionate charge (out of maximum 30 bps on daily average net Eicher Motors Ltd. 600 134.79 1.73
investment objective of the Scheme will be achieved.The Scheme does
assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. Auto Ancillaries
not assure or guarantee any returns.
WABCO India Ltd. 3000 190.73 2.45
DATE OF ALLOTMENT VOLATILITY MEASURES FUND BENCHMARK Consumer Durables
Std. Dev (Annualised) 19.39 14.87 Blue Star Ltd. 50000 243.38 3.13
December 28, 2015
Sharpe Ratio 0.15 0.15 Century Plyboards (India) Ltd. 101000 237.55 3.05
FUND MANAGER Titan Company Ltd. 50000 209.53 2.69
Portfolio Beta 0.94 1.00
Greenply Industries Ltd. 80000 205.20 2.64
Sonam Udasi (Managing Since Apr - 16 and overall experience of 18 R Squared 0.84 1.00
IFB Industries Ltd. 50000 192.08 2.47
years) & Rupesh Patel (Managing Since Dec-15 and overall experience Treynor 0.87 0.65
Consumer Non Durables
of 25 years) Jenson 0.21 NA
Hindustan Unilever Ltd. 43700 402.70 5.17
Risk-free rate based on the FBIL Overnight MIBOR rate of 6.59% as on Jul 29, 2016 United Breweries Ltd. 49050 398.48 5.12
BENCHMARK For calculation methodology please refer to Pg 49 Marico Ltd. 136000 386.44 4.97
Nifty India Consumption Heritage Foods Ltd. 50000 318.35 4.09
LOAD STRUCTURE Asian Paints (India) Ltd. 25000 278.68 3.58
NAV Entry Load : Not Applicable
Glaxo Smithkline Con Healthcar Ltd. 4100 259.56 3.34
Berger Paints India Ltd. 81200 193.01 2.48
Direct - Dividend : 11.12
Exit Load : 1% if redeemed or switch out from the scheme on or Godrej Consumer Products Ltd. 9800 155.95 2.00
Direct - Growth : 11.12
Regular - Dividend : 11.01 before expiry of 365 days from the date of allotment of ITC Ltd. 322500 814.15 10.46
Regular - Growth : 11.01 units. United Spirits Ltd. 6000 147.22 1.89
Parag Milk Foods Ltd. 28015 90.29 1.16
FUND SIZE Media & Entertainment
Rs. 77.82 (Rs. in Cr.) Zee Entertainment Enterprises Ltd. 108000 536.33 6.89
Inox Leisure Ltd. 80000 196.80 2.53
MONTHLY AVERAGE AUM Retailing
Rs. 74.79 (Rs. in Cr.) V-Mart Retail Ltd. 20600 100.36 1.29
Textile Products
TURN OVER Raymond Ltd. 50000 229.40 2.95
Portfolio Turnover (Total) K.P.R. Mill Ltd. 20000 221.29 2.84
NA
Portfolio Turnover (Equity component only) NA
CBLO 558.73 7.18
MINIMUM INVESTMENT /
Portfolio Total 7764.11 99.77
MULTIPLES FOR NEW INVESTMENT Cash / Net Current Asset 17.70 0.23
Rs. 5,000/- and in multiples of Re. 1/- thereafter. Net Assets 7781.81 100.00

www.tatamutualfund.com TATA MUTUAL FUND 17


Tata India Pharma & Healthcare Fund
(An Open-Ended India Pharma & Healthcare Services Sector Scheme)

INVESTMENT STYLE ADDITIONAL INVESTMENT/


Primarily focuses on investment in at least 80% of its net assets in MULTIPLES FOR EXISTING INVESTORS PORTFOLIO As on 31st July 2016
equity/equity related instruments of the companies in the Pharma & Rs. 1,000/- and in multiples of Re. 1/- thereafter.
Healthcare sectors in India. Company name No. of Market Value % of
EXPENSE RATIO** Shares Rs. Lakhs Assets
INVESTMENT OBJECTIVE
The investment objective of the scheme is to seek long term capital Direct 1.42 Equity & Equity Related Total 8239.18 96.28
appreciation by investing atleast 80% of its net assets in equity/equity Regular 3.07 Pharmaceuticals
related instruments of the companies in the pharma & healthcare sectors
in India.However, there is no assurance or guarantee that the investment
**Note: The rates specified are the actual weighted average expenses charged for the month Strides Shasun Ltd. 65000 755.63 8.83
of Jul 2016. The above ratio includes the Service tax on Investment Management Fees. The
objective of the Scheme will be achieved.The Scheme does not assure above ratio includes, proportionate charge (out of maximum 30 bps on daily average net Divis Laboratories Ltd. 62500 749.81 8.76
or guarantee any returns. assets allowed) in respect sales beyond T-15 cities assets, wherever applicable.
Torrent Pharmaceuticals Ltd. 40500 583.87 6.82
DATE OF ALLOTMENT VOLATILITY MEASURES FUND BENCHMARK Glenmark Pharmaceuticals Ltd. 67000 576.23 6.73
December 28, 2015 Sanofi India Ltd.
Std. Dev (Annualised) 14.17 18.50 11000 502.13 5.87
FUND MANAGER Sharpe Ratio -0.12 -0.15 Sun Pharmaceutical Industries Ltd. 335000 2779.66 32.48
Sonam Udasi (Managing Since Apr - 16 and overall experience of 18 Portfolio Beta 1.11 1.00 Alkem Laboratories Ltd. 20500 319.88 3.74
years) & Rupesh Patel (Managing Since Dec-15 and overall experience R Squared 0.88 1.00
of 25 years) Pfizer Ltd. 16000 319.26 3.73
Treynor -0.46 -0.81
Jenson 0.39 NA Sequent Scientific Ltd. 161000 207.29 2.42
BENCHMARK Risk-free rate based on the FBIL Overnight MIBOR rate of 6.59% as on Jul 29, 2016 Lupin Ltd. 74000 1288.16 15.05
Nifty Pharma For calculation methodology please refer to Pg 49 Natco Pharma Ltd. 25000 157.26 1.84
NAV
LOAD STRUCTURE
Direct - Growth : 10.11 CBLO 352.83 4.12
Entry Load : Not Applicable
Direct - Dividend : 10.11 Portfolio Total 8592.01 100.40
Reg - Growth : 10.01
Exit Load : 1% if redeemed or switch out from the scheme on or Net Current Liabilities -34.27 -0.40
Reg - Dividend : 10.01 before expiry of 365 days from the date of allotment of Net Assets 8557.74 100.00
FUND SIZE units.

Rs. 85.58 (Rs. in Cr.)

MONTHLY AVERAGE AUM


Rs. 82.97 (Rs. in Cr.)
TURN OVER
Portfolio Turnover (Total) NA
Portfolio Turnover (Equity component only) NA

MINIMUM INVESTMENT /
MULTIPLES FOR NEW INVESTMENT
Rs. 5,000/- and in multiples of Re. 1/- thereafter.

Tata Resources & Energy Fund


(An Open-Ended Resources & Energy Sector Scheme)

PORTFOLIO As on 31st July 2016


INVESTMENT STYLE ADDITIONAL INVESTMENT/
Primarily focuses on investment in at least 80% of its net assets in MULTIPLES FOR EXISTING INVESTORS Company name No. of Market Value % of
equity/equity related instruments of the companies in the Resources & Rs. 1,000/- and in multiples of Re. 1/- thereafter. Shares Rs. Lakhs Assets
Energy sectors in India.
Equity & Equity Related Total 2413.44 92.55
EXPENSE RATIO**
INVESTMENT OBJECTIVE Cement
Direct 1.39
The investment objective of the scheme is to seek long term capital Grasim Industries Ltd. 4000 195.45 7.49
Regular 3.09
appreciation by investing atleast 80% of its net assets in equity/equity Shree Cement Ltd. 520 83.77 3.21
**Note: The rates specified are the actual weighted average expenses charged for the month
related instruments of the companies in the Resources & Energy sectors Ambuja Cements Ltd. 25000 67.79 2.60
of Jul 2016. The above ratio includes the Service tax on Investment Management Fees. The
in India.However, there is no assurance or guarantee that the investment above ratio includes, proportionate charge (out of maximum 30 bps on daily average net Ultratech Cement Ltd. 7300 270.52 10.37
objective of the Scheme will be achieved.The Scheme does not assure assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. Chemicals
or guarantee any returns.
Navin Fluorine International Ltd. 3700 86.05 3.30
DATE OF ALLOTMENT VOLATILITY MEASURES FUND BENCHMARK
Pidilite Industries Ltd. 11000 80.49 3.09
December 28, 2015 Std. Dev (Annualised) 17.95 22.25
Vinati Organics Ltd. 10000 54.84 2.10
Sharpe Ratio 0.44 0.38
FUND MANAGER Gas
Portfolio Beta 0.71 1.00
Gail ( India ) Ltd. 19800 75.68 2.90
Sonam Udasi (Managing Since Apr - 16 and overall experience of 18 R Squared 0.94 1.00
years) & Rupesh Patel (Managing Since Dec-15 and overall experience Gujarat State Petronet Ltd. 42800 56.99 2.19
Treynor 3.21 2.40
of 25 years) Minerals/Mining
Jenson 0.57 NA
Risk-free rate based on the FBIL Overnight MIBOR rate of 6.59% as on Jul 29, 2016
Coal India Ltd. 70800 232.22 8.91
For calculation methodology please refer to Pg 49 Non - Ferrous Metals
BENCHMARK
Vedanta Ltd. 64800 106.66 4.09
Nifty Commodities LOAD STRUCTURE Hindustan Zinc Ltd. 41000 83.56 3.20
NAV Entry Load : Not Applicable Oil
Direct - Growth : 12.22 Oil & Natural Gas Co. 85200 187.40 7.19
Exit Load : 1% of the applicable NAV, if redeemed or switch out Pesticides
Direct - Dividend : 12.22
from the scheme on or before expiry of 365 days from
Reg - Growth : 12.10 Bayer Cropscience Ltd. 2800 111.80 4.29
the date of allotment of units.
Reg - Dividend : 12.10 Monsanto India Ltd. 2500 58.81 2.26
FUND SIZE Petroleum Products
Reliance Industries Ltd. 20400 207.16 7.94
Rs. 26.08 (Rs. in Cr.)
Castrol India Ltd. 23800 105.15 4.03
MONTHLY AVERAGE AUM Bharat Petroleum Corporation Ltd. 7100 42.07 1.61
Rs. 26.18 (Rs. in Cr.) Power
Power Grid Corporation Of India Ltd. 145000 255.06 9.78
TURN OVER
NTPC Ltd. 32800 51.97 1.99
Portfolio Turnover (Total) NA
Portfolio Turnover (Equity component only) NA
Other Equities^ 32.42 1.24
MINIMUM INVESTMENT / CBLO 39.98 1.53
MULTIPLES FOR NEW INVESTMENT Portfolio Total 2485.84 95.32
Cash / Net Current Asset 121.94 4.68
Rs. 5,000/- and in multiples of Re. 1/- thereafter.
Net Assets 2607.78 100.00

www.tatamutualfund.com TATA MUTUAL FUND 18


Tata Infrastructure Fund
(An Open-Ended Equity Scheme)

As on 31st July 2016

PORTFOLIO
INVESTMENT STYLE
Primarily focuses on equity / equity related instruments of Company name No. of Market Value % of Company name No. of Market Value % of
the companies in the Infrastructure sector in India. Shares Rs. Lakhs Assets Shares Rs. Lakhs Assets
INVESTMENT OBJECTIVE Equity & Equity Related Total 63063.59 93.86 Industrial Capital Goods
Auto Bharat Electronics Ltd. 156000 1928.24 2.87
To provide income distribution and / or medium to long
term capital gains by investing predominantly in equity / Eicher Motors Ltd. 4000 898.63 1.34 Abb India Ltd. 89000 1121.80 1.67
equity related instruments of the companies in the Banks Thermax Ltd. 100000 882.30 1.31
infrastructure sector. HDFC Bank Ltd. 306000 3814.44 5.68 Suzlon Energy Ltd. 4000000 698.00 1.04
Yes Bank Ltd. 250000 3043.00 4.53 Industrial Products
DATE OF ALLOTMENT
ICICI Bank Ltd. 650000 1708.53 2.54 Astral Poly Technik Ltd. 550000 2791.25 4.15
December 31, 2004
Axis Bank Ltd. 239000 1305.06 1.94 Cummins India Ltd. 240000 2086.20 3.11
FUND MANAGER Cement Aia Engineering Ltd. 129900 1338.29 1.99
Rupesh Patel (Managing Since Jan - 14 and overall Ultratech Cement Ltd. 100000 3705.75 5.52 Timken India Ltd. 185000 1110.74 1.65
experience of 15 years) (Equity) Shree Cement Ltd. 20000 3221.95 4.80 Finolex Cables Ltd. 275000 1083.64 1.61
The Ramco Cements Ltd. 450000 2461.28 3.66 Fag Bearings Ltd. 23018 939.13 1.40
BENCHMARK
JK Lakshmi Cement Ltd. 300000 1276.65 1.90 Ador Welding Ltd. 244549 697.82 1.04
Nifty 500 J K Cement Ltd. 151930 1076.12 1.60 Grindwell Norton Ltd. 200000 681.30 1.01
NAV Construction Media & Entertainment
Direct - Growth : 47.33 Kajaria Ceramics Ltd. 200000 2538.70 3.78 Inox Leisure Ltd. 400000 984.00 1.46
Direct - Dividend : 29.01 KNR Constructions Ltd. 375000 2243.63 3.34 Power
Reg - Growth : 46.51 NBCC India Ltd. 600000 1479.60 2.20 Power Grid Corporation Of India Ltd. 1100000 1934.90 2.88
Reg - Dividend : 26.15 Construction Project Kalpataru Power Transmission Ltd. 335000 907.01 1.35
FUND SIZE Sadbhav Engineering Ltd. 1185000 3393.84 5.05 Transportation
NCC Ltd. 1950000 1592.18 2.37 Container Corporation Of India Ltd. 50000 750.00 1.12
Rs. 671.88 (Rs. in Cr.)
Larsen & Toubro Ltd. 99500 1550.21 2.31
MONTHLY AVERAGE AUM Techno Electric And Engineering Company Ltd. 200000 1377.00 2.05 Other Equities^ 2707.08 4.03
Rs. 662.05 (Rs. in Cr.) Sadbhav Infrastructure Project Ltd. 1080925 1070.12 1.59 CBLO 1691.19 2.52
TURN OVER Engineers India Ltd. 320000 726.08 1.08 Portfolio Total 67461.86 100.41
Consumer Non Durables Net Current Liabilities -273.57 -0.41
Portfolio Turnover (Total) 14.77%
Asian Paints (India) Ltd. 200000 2229.40 3.32
Portfolio Turnover (Equity component only) 14.77% Net Assets 67188.29 100.00
Finance
^ Exposure less than 1% has been clubbed under Other Equities
EXPENSE RATIO** Sundaram Finance Ltd. 54000 805.68 1.20
Gas
Direct 2.04
Regular 2.53 Gujarat State Petronet Ltd. 1210000 1611.12 2.40
**Note: The rates specified are the actual weighted average expenses
charged for the month of Jul 2016. The above ratio includes the
Service tax on Investment Management Fees. The above ratio SIP - If you had invested INR 10000 every month
includes, proportionate charge (out of maximum 30 bps on daily
1 Year 3 Year 5 Year 7 Year 10 Year Since Inception
average net assets allowed) in respect sales beyond T-15 cities
assets, wherever applicable. Total Amount Invested (Rs.) 120,000 360,000 600,000 840,000 1,200,000 1,370,000
VOLATILITY MEASURES FUND BENCHMARK Total Value as on Jun 30, 2016 (Rs.) 128,112 465,113 847,522 1,171,463 1,823,831 2,381,666
Std. Dev (Annualised) 22.20 15.79 Returns 12.81% 17.39% 13.80% 9.35% 8.12% 9.29%
Sharpe Ratio 0.24 0.22 Total Value of B: Nifty 500 126,376 425,688 817,286 1,204,594 1,996,953 2,544,064
Portfolio Beta 1.33 1.00
B: Nifty 500 10.02% 11.21% 12.32% 10.13% 9.84% 10.36%
R Squared 0.90 1.00
Treynor 1.15 1.01 Total Value of AB: Nifty 50 125,632 406,399 775,087 1,152,291 1,912,085 2,477,731
Jenson 0.19 NA AB: Nifty 50 8.84% 8.04% 10.19% 8.89% 9.01% 9.93%
Risk-free rate based on the FBIL Overnight MIBOR rate of (Inception date: 31-Dec-2004) (First Installment date: 01-Feb-2005)
6.59% as on Jul 29, 2016
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
For calculation methodology please refer to Pg 49 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 37-46.
MINIMUM INVESTMENT/ *B: Benchmark, AB: Additional Benchmark
MULTIPLES FOR NEW INVESTMENT Source: MFI Explorer
Rs. 5,000/- and in multiples of Re. 1/- thereafter.
Top 10 Holdings Equity Sector Allocation
ADDITIONAL INVESTMENT/ Issuer Name % to NAV Cement 17.48%
MULTIPLES FOR EXISTING INVESTORS HDFC Bank Ltd. 5.68 Industrial Products 17.18%
Ultratech Cement Ltd. 5.52 Banks 14.69%
Rs. 1,000/- and multiples of Re. 1/- thereafter. Construction Project 14.45%
Sadbhav Engineering Ltd. 5.05 Construction 10.24%
LOAD STRUCTURE Shree Cement Ltd. 4.80 Industrial Capital Goods 6.89%
Power 4.23%
Entry Load : Not Applicable
Yes Bank Ltd. 4.53 Consumer Non Durables 3.32%
Astral Poly Technik Ltd. 4.15 Gas 2.40%
V
Exit Load : 1% if redeemed on or before expiry of 365 Kajaria Ceramics Ltd. 3.78 Transportation 2.03%
days from the date of allotment. Media & Entertainment 1.46%
The Ramco Cements Ltd. 3.66 Auto 1.34%
Knr Construction 3.34 Finance 1.20%
Chemicals 0.99%
Asian Paints (india) Ltd. 3.32
Total 43.83 0.00% 5.00% 10.00% 15.00% 20.00%

Market Capitalisation wise Exposure NAV Movement


Large Cap 45.50%
Tata Infrastructure Fund - Reg Nifty 500
Mid Cap 43.75% 200
176
Small Cap 10.75%
152
Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are
128
top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 104
126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For 80
calculation purpose, the previous month market capitalisation data have been used. All the figures has
been rebased to 100 (Based on internal calculation). Jul-13 Jul-14 Jul-15 Jul-16

www.tatamutualfund.com TATA MUTUAL FUND 19


Tata Balanced Fund
(An Open-Ended Balanced Scheme)

As on 31st July 2016 PORTFOLIO


INVESTMENT STYLE Market Value % of Name of the Instrument Ratings Market Value % to
Company Name No. of Shares
Rs. Lakhs Assets Rs. Lakhs NAV
Invests 65% to 75% investment in Equity & equity related
instruments & 25% to 35% in debt & money market Equity & Equity Related Total 476125.72 72.37 GOI - 7.61% (09/05/2030) SOV 12495.98 1.90
instruments. For taxation purpose, it is treated as an equity Auto GOI - 7.88% (19/03/2030) SOV 8949.65 1.36
scheme. (Monthly Income is not assured and is subject to Mahindra & Mahindra Ltd. 700000 10268.30 1.56 GOI - 7.59% (20/03/2029) SOV 8728.23 1.33
availability of distributable surplus.). Tata Motors Ltd. 1750000 8802.50 1.34 GOI - 7.59% (11/01/2026) SOV 6687.85 1.02
Banks GOI - 8.15% (24/11/2026) SOV 5297.00 0.81
INVESTMENT OBJECTIVE HDFC Bank Ltd. 2000000 24931.00 3.79 GOI - 8.28% (21/09/2027) SOV 4271.20 0.65
To provide income distribution and / or medium to long Yes Bank Ltd. 1300000 15823.60 2.41 GOI - 8.24% (15/02/2027) SOV 2872.80 0.44
term capital gains while at all times emphasising the Kotak Mahindra Bank Ltd. 1500000 11427.75 1.74 GOI - 8.17% (01/12/2044) SOV 2725.00 0.41
importance of capital appreciation. State Bank Of India 4000000 9162.00 1.39 GOI - 7.72% (25/05/2025) SOV 2580.13 0.39
Axis Bank Ltd. 1500000 8190.75 1.24 GOI - 8.13% (22/06/2045) SOV 2286.90 0.35
DATE OF ALLOTMENT
Cement GOI - 8.40% (28/07/2024) SOV 1603.95 0.24
October 8, 1995 Shree Cement Ltd. 65000 10471.34 1.59 SDL Karnataka 8.40% (27/03/2018) SOV 331.31 0.05
Ultratech Cement Ltd. 200000 7411.50 1.13 SDL Tamilnadu 8.14% (27/05/2025) SOV 49.96 0.01
FUND MANAGER
Construction Non-Convertible Debentures/Bonds/ZCB 17967.51 2.73
Pradeep Gokhale (Managing Since Apr - 16 and overall Kajaria Ceramics Ltd. 600000 7616.10 1.16 08.39 % HDFC Ltd. CRISIL- AAA 6039.48 0.92
experience of 25 years) (Equity) & Akhil Mittal (Managing Construction Project 09.35 % Piramal Enterprises Ltd. ICRA- AA 3018.22 0.46
since July-15 and overall experience of 14 years) (Debt) Sadbhav Engineering Ltd. 2500000 7160.00 1.09 08.90 % Reliance Jio Infocomm Ltd. CARE- AAA 2571.22 0.39
Consumer Non Durables 08.18 % EXIM CRISIL- AAA 2568.84 0.39
BENCHMARK
Asian Paints (India) Ltd. 1000000 11147.00 1.69 09.58 % Indiabulls Housing Finance Ltd. CARE- AAA 1513.66 0.23
CRISIL Balanced Fund - Aggressive Index Hindustan Unilever Ltd. 800000 7372.00 1.12 09.36 % Power Finance Corporation CRISIL- AAA 534.72 0.08
NAV Finance 08.70 % Power Finance Corporation CRISIL- AAA 517.54 0.08
Housing Development Finance Ltd. 740000 10170.19 1.55 08.72 % Nabha Power Ltd. ICRA- AAA(SO) 404.69 0.06
Direct - Growth : 186.42 Media & Entertainment IL&FS Ltd. - ZCB ICRA- AAA 178.66 0.03
Direct - Dividend : 79.41 Zee Entertainment Enterprises Ltd. 2500000 12415.00 1.89 09.27 % Talwandi Sabo Power Ltd. CRISIL- AA-(so) 176.73 0.03
Direct - Monthly Dividend : 69.69 Petroleum Products 08.71 % Mahindra & Mahindra Financial Services Ltd. IND AAA 130.76 0.02
Reg - Growth 183.03 Indian Oil Corporation Ltd. 1500000 8151.00 1.24 08.77 % LIC Housing Finance Ltd. CRISIL- AAA 90.23 0.01
:
Reg - Dividend 77.64 Pharmaceuticals 09.45 % State Bank Of India CRISIL- AAA 81.09 0.01
Reg - Monthly Dividend : 68.18 Sun Pharmaceutical Industries Ltd. 1500000 12446.25 1.89 08.67 % IDFC Bank Ltd. ICRA- AAA 51.18 0.01
FUND SIZE Glenmark Pharmaceuticals Ltd. 1200000 10320.60 1.57 09.32 % Power Finance Corporation CRISIL- AAA 50.96 0.01
Strides Shasun Ltd. 600000 6975.00 1.06 09.30 % Blue Dart Express Ltd. ICRA- AA 19.62 0.00
Rs.6579.36 (Rs. in Cr.) Power 09.40 % Blue Dart Express Ltd. ICRA- AA 11.32 0.00
MONTHLY AVERAGE AUM Power Grid Corporation Of India Ltd. 8000000 14072.00 2.14 09.50 % Blue Dart Express Ltd. ICRA- AA 8.59 0.00
Retailing
Rs. 6409.24 (Rs. in Cr.) Aditya Birla Fashion & Retail Ltd. 6000000 8691.00 1.32 CBLO 39193.16 5.96
TURN OVER Services Portfolio Total 654981.44 99.55
Aditya Birla Nuvo Ltd. 600000 8494.50 1.29 Cash / Net Current Asset 2954.32 0.45
Portfolio Turnover (Total) 187.15% Software Net Assets 657935.76 100.00
Portfolio Turnover (Equity component only) 26.77% Infosys Ltd. 1400000 15035.30 2.29 ^ Exposure less than 1% has been clubbed under Other Equities
HCL Technologies Ltd. 1600000 12040.00 1.83
EXPENSE RATIO**
Tata Consultancy Services Ltd. 300000 7855.65 1.19
Direct 1.96 Other Equities^ 209675.39 31.87
Regular 2.20
**Note: The rates specified are the actual weighted average expenses Name of the Instrument Ratings Market Value % to
charged for the month of Jul 2016. The above ratio includes the Rs. Lakhs NAV
Service tax on Investment Management Fees. The above ratio
Money Market Instruments 7273.49 1.11
includes, proportionate charge (out of maximum 30 bps on daily
Hindustan Zinc Ltd. - CP CRISIL- A1+ 4919.65 0.75
average net assets allowed) in respect sales beyond T-15 cities
ICICI Bank Ltd. - CD ICRA- A1+ 2353.84 0.36
assets, wherever applicable.
Debt Instruments
VOLATILITY MEASURES FUND BENCHMARK Government Securities 114421.56 17.39
Std. Dev (Annualised) 13.02 10.58 GOI - 7.35% (22/06/2024) SOV 19883.66 3.02
Sharpe Ratio 0.37 0.14 GOI - 8.08% (02/08/2022) SOV 18801.00 2.86
GOI - 7.68% (15/12/2023) SOV 16856.94 2.56
Portfolio Beta 1.04 1.00
R Squared 0.82 1.00
Treynor 1.33 0.42 SIP - If you had invested INR 10000 every month
Jenson 0.95 NA 1 Year 3 Year 5 Year 7 Year 10 Year Since Inception
Risk-free rate based on the FBIL Overnight MIBOR rate of Total Amount Invested (Rs.) 120,000 360,000 600,000 840,000 1,200,000 2,450,000
6.59% as on Jul 29, 2016 Total Value as on Jun 30, 2016 (Rs.) 125,548 462,630 941,060 1,492,353 2,722,015 21,249,965
Returns 8.71% 17.01% 18.06% 16.13% 15.64% 18.20%
For calculation methodology please refer to Pg 49
Total Value of B: CRISIL Balanced Fund - Aggressive Index 125,965 412,549 774,900 1,163,295 1,930,164 7,985,461
Modified Duration : 4.46 Years
Average Maturity : 6.82 Years B: CRISIL Balanced Fund - Aggressive Index 9.37% 9.06% 10.18% 9.15% 9.19% 10.42%
(Inception date: 08-Oct-1995) (First Installment date: 01-Feb-1996)
Gross Yield to Maturity (For Debt Component)
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 not taken in to
i. Including NCA* : 6.80%
ii. Excluding NCA* : consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered.
7.01%
*NCA - Net Current Assets For scheme performance refer pages 37-46.
*B: Benchmark
MINIMUM INVESTMENT/ Source: MFI Explorer
MULTIPLES FOR NEW INVESTMENT
Rs. 5,000/- and in multiples of Re. 1/- thereafter. Top 10 Holdings Equity Sector Allocation
Banks 12.38%
ADDITIONAL INVESTMENT/ Issuer Name % to NAV Pharmaceuticals 6.87%
Consumer Non Durables 6.18%
MULTIPLES FOR EXISTING INVESTORS HDFC Bank Ltd. 3.79 Software
Finance 5.01%
6.15%
Yes Bank Ltd. 2.41 Cement 4.45%
Auto 3.94%
Rs. 1,000/- and multiples of Re. 1/- thereafter. Construction Project 3.04%
Infosys Ltd. 2.29 Media & Entertainment
Construction
2.45%
2.44%
Power Grid Corporation Of India Ltd. 2.14 Power 2.14%
LOAD STRUCTURE Petroleum Products
Industrial Products
2.01%
1.78%
Zee Entertainment Enterprises Ltd. 1.89 Auto Ancillaries
Chemicals
1.69%
1.64%
Entry Load : Not Applicable Sun Pharmaceutical Industries Ltd. 1.89 Consumer Durables
Retailing
1.43%
1.32%
V
Services 1.29%
HCL Technologies Ltd. 1.83 Industrial Capital Goods 1.25%
Exit Load : 1% if redeemed on or before expiry of 365 Kotak Mahindra Bank 1.74
Pesticides
Gas
1.18%
0.81%
days from the date of allotment (w.e.f. 6th Transportation 0.74%
Asian Paints (india) Ltd. 1.69 Minerals/mining 0.70%
Textile Products 0.60%
April, 2015) Shree Cement Ltd. 1.59
Telecom - Services
Non - Ferrous Metals
0.48%
0.40%
Total 21.26 0.00% 5.00% 10.00% 15.00%

Market Capitalisation wise Exposure NAV Movement


Large Cap 68.39% 200
Tata Balanced Fund - Reg CRISIL Balanced Fund - Aggressive Index
Mid Cap 26.10% 178
Small Cap 5.51% 156
Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are 134
top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 112
126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For 90
calculation purpose, the previous month market capitalisation data have been used. All the figures has
Jul-13 Jul-14 Jul-15 Jul-16
been rebased to 100 (Based on internal calculation).

www.tatamutualfund.com TATA MUTUAL FUND 20


Tata Regular Savings Equity Fund
(An Open-Ended Equity Scheme)

As on 31st July 2016 PORTFOLIO


Company name % to Company name % to
INVESTMENT STYLE NAV NAV
Predominantly investing in equity and equity related instruments, Equity & Equity Related Total 71.25 Services
equity arbitrage opportunities and debt and money market
Unhedge Positions 35.23 Aditya Birla Nuvo Ltd. 1.01
instruments.
Auto Ancillaries Software
INVESTMENT OBJECTIVE Bosch Ltd. 1.48 HCL Technologies Ltd. 1.79
The investment objective of the scheme is to provide long term Motherson Sumi Systems Ltd. 0.43 Company name % to % to NAV
capital appreciation and income distribution to the investors by Banks NAV Derivative
predominantly investing in equity and equity related instruments, Hedge Positions 36.02 -36.23
Yes Bank Ltd. 4.54
equity arbitrage opportunities and investments in debt and money
HDFC Bank Ltd. 1.43 Reliance Industries Ltd. 8.56
market instruments. However, there is no assurance or guarantee
that the investment objective of the Scheme will be achieved. The Kotak Mahindra Bank Ltd. 1.36 Reliance Industries Ltd. - Futures -8.61
scheme does not assure or guarantee any returns. Cement HDFC Bank Ltd. 7.54
Ultratech Cement Ltd. 2.20 HDFC Bank Ltd. - Futures -7.58
DATE OF ALLOTMENT
Grasim Industries Ltd. 2.15 Housing Development Finance Ltd. 5.06
April 27, 2000 -5.09
J K Cement Ltd. 0.63 Housing Development Finance Ltd. - Futures
FUND MANAGER Construction Project Hindustan Petroleum Corporation Ltd. 4.82
Sonam Udasi (Managing Since Apr - 16 and overall experience of NCC Ltd. 1.45 Hindustan Petroleum Corporation Ltd. - Futures -4.84
18 years)(for equity portfolio) & Akhil Mittal (Managing Since Jul - Sadbhav Engineering Ltd. 0.68 Aurobindo Pharma Ltd. 4.41
15 and overall experience of 14 years) (for Arbitrage strategies and Consumer Durables Aurobindo Pharma Ltd. - Futures -4.44
Debt Portfolio) Adani Port And Special Economic Zone Ltd. 1.72
Century Plyboards (India) Ltd. 0.56
BENCHMARK IFB Industries Ltd. 0.46 Adani Port And Special Economic Zone Ltd. - Futures -1.73
Nifty 50 Index (35%),Crisil Liquid Fund Index (30%), Crisil Short Consumer Non Durables Upl Ltd. 1.69
Term Bond Fund Index (35%) ITC Ltd. 0.90 Upl Ltd. - Futures -1.69
United Breweries Ltd. 0.67 Rural Electrification Corp. Ltd. 1.21
NAV
Marico Ltd. 0.46 Rural Electrification Corp. Ltd. - Futures -1.21
Monthly Dividend : 14.52 Infosys Ltd. 1.02
P & G Hygiene & Health Care Ltd. 0.39
Growth : 28.68
Finance Infosys Ltd. - Futures -1.03
Quarterly Dividend : 14.55
Direct - Growth : 29.63 Max Financial Services Ltd. 1.79 Name of the Instrument Ratings % to
Direct - Monthly Dividend : 14.78 Muthoot Finance Ltd. 1.49 NAV
Direct - Quarterly Dividend : 15.21 Bajaj Finserv Ltd. 1.39 Debt Instruments
Housing Development Finance Ltd. 0.82 Government Securities 6.11
FUND SIZE
Gas GOI - 7.68% (15/12/2023) SOV 6.11
Rs. 84.28 (Rs. in Cr.) Non-Convertible Debentures/Bonds 13.06
Gail ( India ) Ltd. 1.59
MONTHLY AVERAGE AUM Industrial Products 09.02 % Rural Electrification Corp. Ltd. CRISIL- AAA 6.16
Rs. 82.59 (Rs. in Cr.) Finolex Cables Ltd. 0.65 08.49 % NHPC Ltd. ICRA- AAA 4.85
Fag Bearings Ltd. 0.48 09.11 % Power Finance Corporation CRISIL- AAA 1.20
TURN OVER
Pharmaceuticals 09.40 % Rural Electrification Corp. Ltd. CRISIL- AAA 0.85
Portfolio Turnover (Total) 541.72% Sun Pharmaceutical Industries Ltd. 0.98 Margin Deposits 6.81
Portfolio Turnover (Equity component only) 55.08% HDFC Bank Ltd. 4.69
Divi Laboratories Ltd. 0.71
EXPENSE RATIO** Strides Shasun Ltd. 0.66 Cash (Placed As Margin Money ) 2.12
Direct 1.14 Sanofi India Ltd. 0.54
Regular 2.07 Power
**Note: The rates specified are the actual weighted average expenses Power Grid Corporation Of India Ltd. 1.57 CBLO 2.15
charged for the month of Jul 2016. The above ratio includes the PORTFOLIO TOTAL 99.38
Service tax on Investment Management Fees. The above ratio includes,
CASH / NET CURRENT ASSET 0.62
proportionate charge (out of maximum 30 bps on daily average net
assets allowed) in respect sales beyond T-15 cities assets, wherever NET ASSETS 100.00
applicable.

VOLATILITY MEASURES FUND BENCHMARK


Std. Dev (Annualised) 5.00 5.67
Sharpe Ratio 0.74 1.00
Portfolio Beta 0.72 1.00
R Squared 0.17 0.22
Treynor -0.04 NA
Jenson
Modified Duration : 0.94 Years
Average Maturity : 1.18 Years
Gross Yield to Maturity (For Debt Component)
SIP - If you had invested INR 10000 every month
i. Including NCA* 1 Year 3 Year 5 Year 7 Year 10 Year Since Inception
: 2.89%
ii. Excluding NCA* Total Amount Invested (Rs.) 120,000 360,000 600,000 840,000 1,200,000 1,940,000
: 7.23%
*NCA - Net Current Assets Total Value as on Jun 30, 2016 (Rs.) 124,556 395,606 711,274 1,058,355 1,662,196 3,424,918
Risk-free rate based on the FBIL Overnight MIBOR rate of 6.59% as Returns 7.13% 6.23% 6.75% 6.50% 6.35% 6.66%
on Jul 29, 2016 Total Value of B: Nifty 50 Index (35%),Crisil Liquid Fund Index (30%), 125,620 410,906 763,848 1,156,538 1,903,810 4,567,590
For calculation methodology please refer Pg 49 Crisil Short Term Bond Fund Index (35%)
Total stock in Portfolio : 30 B: Nifty 50 Index (35%),Crisil Liquid Fund Index (30%), 8.82% 8.80% 9.60% 8.99% 8.93% 9.83%
Crisil Short Term Bond Fund Index (35%)
MINIMUM INVESTMENT/ (Inception date: 27-Apr-2000) (First Installment date: 01-May-2000)
MULTIPLES FOR NEW INVESTMENT
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 not taken in to
Growth Option: Rs 5,000/- and in multiple of Re.1/- thereafter 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 37-46.
Dividend Option : Rs 5,000/- and in multiple of Re.1/- thereafter
*B: Benchmark
ADDITIONAL INVESTMENT/ Source: MFI Explorer
MULTIPLES FOR EXISTING INVESTORS

Rs. 1,000/- and multiples of Re. 1/- thereafter. Top 10 Holdings Equity Sector Allocation
LOAD STRUCTURE Issuer Name % to NAV Banks 7.32%
Yes Bank Ltd. 4.54 Finance 5.48%
Entry Load : Not Applicable Cement 4.97%
Ultratech Cement Ltd. 2.20
Pharmaceuticals 2.90%
Exit Load : 1% of the applicable NAV, if redeemed on or Grasim Industries Ltd. 2.15 Consumer Non Durables 2.42%
before expiry of 365 days from the date of Max Financial Services Ltd. 1.79 Construction Project 2.13%
allotment HCL Technologies Ltd. 1.79 Auto Ancillaries 1.91%
Gail ( India ) Ltd. 1.59 Software 1.79%
Gas 1.59%
Power Grid Corporation Of India Ltd. 1.57
Power 1.57%
Muthoot Finance Ltd. 1.49 Industrial Products 1.14%
Bosch Ltd. 1.48 Consumer Durables 1.01%
NCC Ltd. 1.45 Services 1.01%
Total 20.03 0.00% 2.00% 4.00% 6.00% 8.00%

Market Capitalisation wise Exposure Note


The scheme was earlier known as Tata Monthly Income Fund, effective from 27 July, 2015 the Scheme will be known as Tata
Large Cap 73.36% Regular Savings Equity Fund. Due to change in type of scheme, investment objective, investment pattern and investment
Mid Cap 25.33% strategy, past performance of the scheme may not be used for prediction of future performance of the scheme.
Returns are given for monthly income option. While calculating returns, dividend distribution tax has been taken care of. The
Small Cap 1.30% returns given above are for Individual and HUF category. Date of Allotment: 27 April, 2000.
Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are Top 10 Holdings Equity, Sector Allocation and Market Capitalisation wise Exposure represents the unhedged equity positions
top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between only.
126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For Erstwhile Tata Monthly Income Fund with Asset Allocation of Debt-Equity (90%-10%) restructured as Tata Regular Savings
calculation purpose, the previous month market capitalisation data have been used. All the figures has Equity Fund w.e.f. 27 July, 2015 with Asset Allocation of Debt-Equity (35%-65%). The impact of the same is visible in the
Portfolio turnover.
been rebased to 100 (Based on internal calculation).

www.tatamutualfund.com TATA MUTUAL FUND 21


Tata Dynamic Bond Fund [ICRA]AAAmfs rating by ICRA$
(An Open-Ended Debt Scheme)

As on 31st July 2016 PORTFOLIO


Name of the Instrument Ratings Market Value % to Name of the Instrument Ratings Market Value % to
INVESTMENT STYLE
Rs. Lakhs NAV Rs. Lakhs NAV
Aims to create a liquid portfolio of good quality debt as
well as Money Market Instruments so as to provide Debt Instruments
reasonable returns and liquidity. Government Securities 98362.32 87.06 CBLO 8031.14 7.11
INVESTMENT OBJECTIVE GOI - 7.68% (15/12/2023) SOV 31911.40 28.24 Portfolio Total 114766.88 101.58
To provide reasonable returns and high level of liquidity GOI - 7.35% (22/06/2024) SOV 20208.00 17.89 Net Current Liabilities -1778.50 -1.58
by investing in debt instruments including bonds,
GOI - 7.16% (20/05/2023) SOV 13500.00 11.95
debentures and Government securities; and money Net Assets 112988.38 100.00
market instruments such as treasury bills, commercial GOI - 7.59% (20/03/2029) SOV 11295.35 10.00
papers, certificates of deposit, including repos in GOI - 7.72% (25/05/2025) SOV 10836.53 9.59
permitted securities of different maturities, as permitted
by regulation so as to spread the risk across different GOI - 8.08% (02/08/2022) SOV 5222.50 4.62
kinds of issuers in the debt markets. GOI - 8.15% (24/11/2026) SOV 4767.30 4.22
DATE OF ALLOTMENT GOI - 7.59% (11/01/2026) SOV 514.45 0.46
September 03,2003 GOI - 7.72% (26/10/2055) SOV 106.79 0.09
Non-Convertible Debentures/Bonds 8373.42 7.41
FUND MANAGER
Akhil Mittal (Managing Since Jun-14 and overall
09.25 % Reliance Jio Infocomm Ltd. CRISIL- AAA 6816.80 6.03
experience of 14 years) 08.18 % EXIM CRISIL- AAA 1027.54 0.91
09.70 % L&T Infra Debt Fund Ltd. CRISIL- AAA 529.08 0.47
BENCHMARK
I-Sec Composite Index
NAV
Direct - Growth : 24.92
Direct - Dividend : 16.10
Reg - Growth : 24.05
Reg - Dividend : 15.21
FUND SIZE
Rs.1129.88 (Rs. in Cr.)
MONTHLY AVERAGE AUM
Rs. 1116.49 (Rs. in Cr.)
EXPENSE RATIO**
Direct 0.59
Regular 1.64
**Note: The rates specified are the actual weighted average expenses
charged for the month of Jul 2016. The above ratio includes the
Service tax on Investment Management Fees. The above ratio SIP - If you had invested INR 10000 every month
includes, proportionate charge (out of maximum 30 bps on daily
average net assets allowed) in respect sales beyond T-15 cities 1 Year 3 Year 5 Year 7 Year 10 Year Since Inception
assets, wherever applicable.
Total Amount Invested (Rs.) 120,000 360,000 600,000 840,000 1,200,000 1,530,000
VOLATILITY MEASURES FUND BENCHMARK
Total Value as on Jun 30, 2016 (Rs.) 124,893 412,940 761,857 1,158,713 1,820,746 2,541,987
Std. Dev (Annualised) 2.65 2.92
Portfolio Beta 0.95 1.00 Returns 7.68% 9.13% 9.50% 9.05% 8.09% 7.62%
R Squared 0.86 1.00
Total Value of B: I-Sec Composite Index 126,747 422,884 771,086 1,173,208 1,906,552 2,697,774
Treynor 0.35 0.35
Jenson -0.01 NA B: I-Sec Composite Index 10.63% 10.76% 9.98% 9.39% 8.96% 8.49%
Modified Duration : 5.59 Years Total Value of AB: Crisil 10 Yr Gilt Index 126,013 415,667 738,696 1,094,344 1,718,989 2,366,335
Average Maturity : 7.80 Years
AB: Crisil 10 Yr Gilt Index 9.46% 9.58% 8.26% 7.44% 6.99% 6.58%
Gross Yield to Maturity (For Debt Component)
i. Including NCA*
(Inception date: 03-Sep-2003) (First Installment date: 01-Oct-2003)
: 7.12%
ii. Excluding NCA* : 7.21% 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
*NCA - Net Current Assets 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.
Risk-free rate based on the FBIL Overnight MIBOR rate of For scheme performance refer pages 37-46.
6.59% as on Jul 29, 2016 *B: Benchmark, AB: Additional Benchmark
For calculation methodology please refer Pg 49 Source: MFI Explorer
MINIMUM INVESTMENT/
MULTIPLES FOR NEW INVESTMENT
Composition by Ratings Instrument Wise Composition
Rs. 5,000/- and in multiples of Re. 1/- thereafter.
5.53% 7.41% 5.53% 7.41%
ADDITIONAL INVESTMENT/
MULTIPLES FOR EXISTING INVESTORS NCD - Non Convertible Deb
A1+ / AAA
Rs. 1,000/- and multiples of Re. 1/- thereafter.
Government Securities
SOV
LOAD STRUCTURE
Cash & Cash Equivalents Cash & Cash Equivalents
Entry Load : Not Applicable

Exit Load : 0.50% of NAV if redeemed on or before


expiry of 180 days from the date of 87.06% 87.06%
allotment.
Maturity Ladder NAV Movement
-1.57% Tata Dynamic Bond Fund - Reg I-Sec Composite Index
Cash & Others 140
Abv 10 Yrs 14.31% 130
7 - 10 Yrs 63.12%
120
3 - 7 Yrs 17.04%
110
1 - 3 Yrs 0.00%
100
0 - 1 Yrs 7.11%
90
-4.00% 6.00% 16.00% 26.00% 36.00% 46.00% 56.00% 66.00% Jul-13 Jul-14 Jul-15 Jul-16

www.tatamutualfund.com TATA MUTUAL FUND 22


Tata Income Plus Fund
(An Open-Ended Debt Scheme)

As on 31st July 2016 PORTFOLIO


INVESTMENT STYLE Name of the Instrument Ratings Market Value % to Name of the Instrument Ratings Market Value % to
Rs. Lakhs NAV Rs. Lakhs NAV
Aims to invest in longer duration paper in the favourable
interest rate scenario. However the average portfolio Debt Instruments
maturity is subject to internal cap.
Government Securities 6122.73 58.92 CBLO 535.74 5.16
INVESTMENT OBJECTIVE GOI - 7.68% (15/12/2023) SOV 2058.80 19.81 Portfolio Total 10260.39 98.75
To provide income distribution and / or medium to long GOI - 7.35% (22/06/2024) SOV 2020.80 19.45 Cash / Net Current Asset 130.80 1.25
term capital gains while at all times emphasising the
GOI - 7.16% (20/05/2023) SOV 1000.00 9.62 Net Assets 10391.19 100.00
importance of safety and capital appreciation.
GOI - 8.15% (24/11/2026) SOV 529.70 5.10
DATE OF ALLOTMENT
GOI - 7.59% (20/03/2029) SOV 513.43 4.94
November 11, 2002
Non-Convertible Debentures/Bonds 3601.92 34.66
FUND MANAGER 09.00 % Aditya Birla Nuvo Ltd. ICRA- AA+ 1038.05 9.99
Akhil Mittal (Managing Since Jun-14 and overall
08.35 % Petronet Lng Ltd. ICRA- AA+ 1007.73 9.70
experience of 14 years)
09.25 % Reliance Jio CRISIL- AAA 524.37 5.05
BENCHMARK
Infocomm Ltd.
Crisil Composite Bond Fund Index
08.70 % Power Finance CRISIL- AAA 517.54 4.98
NAV
Corporation
Direct - Growth : 25.19
08.30 % Rural Electrification CRISIL- AAA 514.23 4.95
Direct - Bonus : 13.25
Reg - Growth : 24.23 Corp. Ltd.
Reg - Dividend : 12.79

FUND SIZE
Rs.103.91 (Rs. in Cr.)

MONTHLY AVERAGE AUM


Rs. 103.51 (Rs. in Cr.)

EXPENSE RATIO**
Direct 0.58
Regular 1.77
**Note: The rates specified are the actual weighted average expenses
charged for the month of Jul 2016. The above ratio includes the
Service tax on Investment Management Fees. The above ratio
includes, proportionate charge (out of maximum 30 bps on daily
average net assets allowed) in respect sales beyond T-15 cities
assets, wherever applicable. SIP - If you had invested INR 10000 every month
VOLATILITY MEASURES FUND BENCHMARK 1 Year 3 Year 5 Year 7 Year 10 Year Since Inception
Std. Dev (Annualised) 2.54 2.57 Total Amount Invested (Rs.) 120,000 360,000 600,000 840,000 1,200,000 1,620,000
Portfolio Beta 1.12 1.00
R Squared 0.91 1.00 Total Value as on Jun 30, 2016 (Rs.) 124,742 408,052 742,879 1,126,240 1,776,059 2,665,916
Treynor 0.21 0.32 Returns 7.44% 8.32% 8.49% 8.25% 7.61% 7.06%
Jenson -0.13 NA
Total Value of B: Crisil Composite Bond Fund Index 126,153 420,182 760,637 1,150,126 1,832,727 2,747,384
Modified Duration : 4.86 Years
Average Maturity : 6.68 Years B: Crisil Composite Bond Fund Index 9.68% 10.32% 9.43% 8.84% 8.21% 7.47%
Gross Yield to Maturity (For Debt Component) Total Value of AB: Crisil 10 Yr Gilt Index 126,013 415,667 738,696 1,094,344 1,718,989 2,554,024
i. Including NCA* : 7.31% AB: Crisil 10 Yr Gilt Index 9.46% 9.58% 8.26% 7.44% 6.99% 6.47%
ii. Excluding NCA* : 7.40%
*NCA - Net Current Assets (Inception date: 11-Nov-2002) (First Installment date: 01-Jan-2003)

Risk-free rate based on the FBIL Overnight MIBOR rate of 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
6.59% as on Jul 29, 2016 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
For calculation methodology please refer Pg 49 every month has been considered.
For scheme performance refer pages 37-46.
MINIMUM INVESTMENT/
MULTIPLES FOR NEW INVESTMENT *B: Benchmark, AB: Additional Benchmark
Rs. 5,000/- and in multiples of Re. 1/- thereafter. Source: MFI Explorer
ADDITIONAL INVESTMENT/
MULTIPLES FOR EXISTING INVESTORS Composition by Ratings Instrument Wise Composition
Rs. 1,000/- and multiples of Re. 1/- thereafter. 6.41%
14.98% 6.42%
LOAD STRUCTURE A1+ / AAA NCD - Non Convertible Deb
Entry Load : Not Applicable 34.66%
AA+ / AA
Exit Load : 1% of NAV if redeemed on or before Government Securities
expiry of 365 days from the date of 19.69%
allotment. SOV
Cash & Cash Equivalents
58.92% Cash & Cash Equivalents 58.92%

Maturity Ladder NAV Movement


Tata Income Plus Fund - Reg Crisil Composite Bond Fund Index
Cash & Others 1.26%
140
Abv 10 Yrs 10.04%
130
7 - 10 Yrs 49.26%
120
3 - 7 Yrs 24.59%
110
1 - 3 Yrs 9.70%
100
0 - 1 Yrs 5.16%
90
0.00% 10.00% 20.00% 30.00% 40.00% 50.00% Jul-13 Jul-14 Jul-15 Jul-16

www.tatamutualfund.com TATA MUTUAL FUND 23


Tata Income Fund [ICRA]AAAmfs rating by ICRA$
(An Open-Ended Debt Scheme)

As on 31st July 2016 PORTFOLIO


INVESTMENT STYLE Name of the Instrument Ratings Market Value % to Name of the Instrument Ratings Market Value % to
An income scheme with exposure to rated debt Rs. Lakhs NAV Rs. Lakhs NAV
instruments with medium to long term maturity. Debt Instruments
INVESTMENT OBJECTIVE Government Securities 19652.47 87.16 CBLO 497.76 2.21
To provide income distribution and / or medium to long GOI - 7.68% (15/12/2023) SOV 6691.10 29.67 Portfolio Total 21902.22 97.14
term capital gains while at all times emphasising the
GOI - 7.35% (22/06/2024) SOV 3536.40 15.68 Cash / Net Current Asset 646.10 2.86
importance of safety and capital appreciation.
GOI - 7.72% (25/05/2025) SOV 2580.13 11.44
DATE OF ALLOTMENT Net Assets 22548.32 100.00
GOI - 7.59% (20/03/2029) SOV 2567.13 11.38
April 28, 1997
GOI - 7.16% (20/05/2023) SOV 2500.00 11.09
FUND MANAGER
GOI - 8.15% (24/11/2026) SOV 529.70 2.35
Akhil Mittal (Managing Since Jun-14 and overall
experience of 14 years) SDL Tamilnadu 8.56% (23/01/2023) SOV 522.63 2.32
SDL Gujarat 8.15% (26/11/2025) SOV 436.68 1.94
BENCHMARK
Crisil Composite Bond Fund Index
GOI - 7.88% (19/03/2030) SOV 238.59 1.06
SDL Karnataka 8.05% (25/02/2025) SOV 50.11 0.22
NAV
Non-Convertible Debentures/Bonds 1751.99 7.77
Direct - Growth : 48.98
Direct - Half Yearly Dividend : 13.20 09.84 % IOT Utkal Energy CRISIL- AAA(so) 713.38 3.16
Direct - Quarterly Dividend : 11.50 Services Ltd.
Direct - Bonus : 15.10 09.25 % Reliance Jio 524.37
CRISIL- AAA 2.33
Reg - Growth : 47.91
Reg - Half Yearly Dividend : 12.87 Infocomm Ltd.
Reg - Quarterly Dividend : 11.37 08.90 % Reliance Jio CARE- AAA 514.24 2.28
Reg- Periodic Dividend : 27.77
Reg - Bonus : 14.65
Infocomm Ltd.

FUND SIZE
Rs. 225.48 (Rs. in Cr.)
MONTHLY AVERAGE AUM
Rs. 223.72 (Rs. in Cr.)
EXPENSE RATIO**
Direct 1.01
Regular 1.89
The rates specified are the actual weighted average expenses charged
for the month of Jul 2016. The above ratio includes the Service tax on
Investment Management Fees. The above ratio includes,
proportionate charge (out of maximum 30 bps on daily average net
assets allowed) in respect sales beyond T-15 cities assets, wherever
SIP - If you had invested INR 10000 every month
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 2,270,000
Std. Dev (Annualised) 2.58 2.57
Portfolio Beta 1.14 1.00 Total Value as on Jun 30, 2016 (Rs.) 124,858 410,699 751,043 1,136,467 1,773,743 4,792,751
R Squared 0.89 1.00 Returns 7.62% 8.76% 8.92% 8.50% 7.59% 7.35%
Treynor 0.23 0.32
Jenson -0.10 NA Total Value of B: Crisil Composite Bond Fund Index 126,153 420,182 760,637 1,150,126 1,832,727 4,429,651
Modified Duration : 5.56 Years B: Crisil Composite Bond Fund Index 9.68% 10.32% 9.43% 8.84% 8.21% 6.61%
Average Maturity : 7.73 Years Total Value of AB: Crisil 10 Yr Gilt Index 126,013 415,667 738,696 1,094,344 1,718,989 4,374,723
Gross Yield to Maturity (For Debt Component)
AB: Crisil 10 Yr Gilt Index 9.46% 9.58% 8.26% 7.44% 6.99% 6.49%
i. Including NCA* : 7.04%
ii. Excluding NCA* : 7.25% (Inception date: 28-Apr-1997) (First Installment date: 01-Aug-1997)
*NCA - Net Current Assets
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
Risk-free rate based on the FBIL Overnight MIBOR rate of 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
6.59% as on Jul 29, 2016 every month has been considered.
For scheme performance refer pages 37-46.
For calculation methodology please refer Pg 49
*B: Benchmark, AB: Additional Benchmark
MINIMUM INVESTMENT/ Source: MFI Explorer
MULTIPLES FOR NEW INVESTMENT
Half Yearly Dividend Plan, Periodic Dividend Plan,
Growth Plan, Bonus Plan: Rs. 5,000/- and in multiples Composition by Ratings Instrument Wise Composition
of Re. 1/- thereafter. Quarterly Dividend Plan: Rs.
5.07% 7.77% 5.07% 7.77%
10,000/- and in multiples of Re. 1/- thereafter. 4.48%
NCD - Non Convertible Deb
ADDITIONAL INVESTMENT/
A1+ / AAA
MULTIPLES FOR EXISTING INVESTORS
Government Securities
Rs. 1,000/- and multiples of Re. 1/- thereafter.
SOV
LOAD STRUCTURE State Development Loans

Entry Load : Not Applicable Cash & Cash Equivalents


Cash & Cash Equivalents
Exit Load : 1% if redeemed before expiry of 365 days
from the date of allotment(w.e.f. 1st July, 87.16% 82.68%
2014)
Maturity Ladder NAV Movement

Cash & Others 2.87% Tata Income Fund - Reg Crisil Composite Bond Fund Index
140
Abv 10 Yrs 14.79%
130
7 - 10 Yrs 61.29%
120
3 - 7 Yrs 17.34%
110
1 - 3 Yrs 1.51%
100
0 - 1 Yrs 2.21%
90
0.00% 14.00% 28.00% 42.00% 56.00% 70.00% Jul-13 Jul-14 Jul-15 Jul-16

www.tatamutualfund.com TATA MUTUAL FUND 24


Tata Short Term Bond Fund [ICRA]AAAmfs rating by ICRA$
(An Open-Ended Debt Scheme)

As on 31st July 2016 PORTFOLIO


INVESTMENT STYLE Name of the Instrument Ratings Market Value % to Name of the Instrument Ratings Market Value % to
Rs. Lakhs NAV Rs. Lakhs NAV
A debt scheme that invests in short term debt
instruments having high level of liquidity. Debt Instruments 08.18 % LIC Housing Finance Ltd. CRISIL- AAA 2504.89 0.48
Government Securities 101797.18 19.46 09.84 % IOT Utkal Energy Services Ltd. CRISIL- AAA(so) 2150.61 0.41
INVESTMENT OBJECTIVE GOI - 8.08% (02/08/2022) SOV 57447.50 10.98 09.35 % LIC Housing Finance Ltd. CRISIL- AAA 2064.31 0.39
GOI - 7.68% (15/12/2023) SOV 19629.01 3.75 07.85 % NABARD CRISIL- AAA 2020.97 0.39
To create a liquid portfolio of debt as well as Money
GOI - 7.16% (20/05/2023) SOV 14500.00 2.77 09.70 % L&T Infra Debt Fund Ltd. CRISIL- AAA 1587.23 0.30
Market Instruments so as to provide reasonable returns
GOI - 7.35% (22/06/2024) SOV 7578.00 1.45 08.15 % Power Grid Corporation Of India Ltd. CRISIL- AAA 1530.30 0.29
and liquidity to the Unitholders.
GOI - 7.72% (25/05/2025) SOV 2580.13 0.49 09.22 % LIC Housing Finance Ltd. CRISIL- AAA 1009.61 0.19
GOI - 8.27% (09/06/2020) SOV 62.54 0.01 Kotak Mahindra Investments Ltd. - Zcb CRISIL- AAA 598.80 0.11
DATE OF ALLOTMENT
Non-Convertible Debentures/Bonds/ZCB 307661.08 58.81 09.45 % HDFC Ltd. CRISIL- AAA 517.69 0.10
August 8, 2002 08.05 % NABARD CRISIL- AAA 30143.25 5.76 09.25 % HDFC Ltd. CRISIL- AAA 508.26 0.10
08.33 % EXIM CRISIL- AAA 20132.12 3.85 09.30 % HDFC Ltd. CRISIL- AAA 280.00 0.05
FUND MANAGER 08.28 % Rural Electrification Corp. Ltd. CRISIL- AAA 17602.80 3.37 HDFC Ltd. - ZCB ICRA- AAA 214.23 0.04
Akhil Mittal (Managing Since Jun-14 and overall 08.55 % Reliance Jio Infocomm Ltd. CRISIL- AAA 12670.26 2.42 09.85 % Rural Electrification Corp. Ltd. CRISIL- AAA 205.51 0.04
experience of 14 years) 08.70 % LIC Housing Finance Ltd. CARE- AAA 12641.15 2.42 09.69 % LIC Housing Finance Ltd. CRISIL- AAA 192.07 0.04
08.90 % Reliance Jio Infocomm Ltd. CARE- AAA 11827.61 2.26 09.06 % HDB Financial Services Ltd. CRISIL- AAA 150.65 0.03
BENCHMARK 09.25 % Reliance Jio Infocomm Ltd. CRISIL- AAA 10487.39 2.00 08.12 % Power Finance Corporation CRISIL- AAA 30.16 0.01
Crisil Short Term Bond Fund Index 08.35 % Nabha Power Ltd. ICRA- AAA(so) 10103.51 1.93 09.05 % Rural Electrification Corp. Ltd. ICRA- AAA 10.04 0.00
07.95 % Power Finance Corporation CRISIL- AAA 10098.27 1.93 Money Market Instruments 91274.60 17.45
NAV 08.80 % Tata Capital Financial Services Ltd. CRISIL- AA+ 10097.72 1.93 HDFC Ltd. - CP ICRA- A1+ 11716.33 2.24
07.88 % Power Finance Corporation CRISIL- AAA 10056.25 1.92 Daimler Financial Services India Private Ltd. - CP IND A1+ 9713.17 1.86
Direct - Growth : 29.79
07.83 % EXIM CRISIL- AAA 10035.05 1.92 EXIM - CP CRISIL- A1+ 9572.30 1.83
Direct - Dividend : 14.77
08.70 % Citicorp Finance Ltd. CRISIL- AAA 10012.84 1.91 ICICI Bank Ltd. - CD ICRA- A1+ 7074.66 1.35
Reg - Growth : 29.08
08.73 % LIC Housing Finance Ltd. CRISIL- AAA 8666.91 1.66 Axis Bank Ltd. - CD CRISIL- A1+ 4961.24 0.95
Reg - Dividend : 14.43 0.95
08.24 % National Housing Bank CRISIL- AAA 7541.30 1.44 Vijaya Bank - CD CARE- A1+ 4943.56
FUND SIZE 08.67 % Kotak Mahindra Investments Ltd. CRISIL- AAA 7529.81 1.44 Axis Bank Ltd. - CD CRISIL- A1+ 4880.06 0.93
01.43 % HDFC Ltd. CRISIL- AAA 7212.78 1.38 Andhra Bank - CD CARE- A1+ 4805.32 0.92
Rs. 5231.03 (Rs. in Cr.) 09.15 % Ultratech Cement Ltd. CRISIL- AAA 6618.06 1.27 Andhra Bank - CD CARE- A1+ 4799.21 0.92
08.36 % Power Finance Corporation CRISIL- AAA 6136.85 1.17 Corporation Bank - CD CRISIL- A1+ 4796.57 0.92
MONTHLY AVERAGE AUM
09.65 % HDFC Ltd. CRISIL- AAA 5163.75 0.99 DBS Bank Ltd. - CD CRISIL- A1+ 4702.53 0.90
Rs. 5253.86 (Rs. in Cr.) 08.17 % Power Finance Corporation CRISIL- AAA 5062.08 0.97 Daimler Financial Services India Private Ltd. - CP IND A1+ 4682.68 0.90
07.90 % NABARD CRISIL- AAA 5048.52 0.97 Daimler Financial Services India Private Ltd. - CP IND A1+ 4617.95 0.88
EXPENSE RATIO** 0.47
08.58 % HDB Financial Services Ltd. CRISIL- AAA 5032.49 0.96 HDFC Ltd. - CP ICRA- A1+ 2440.70
Direct 0.25 08.35 % LIC Housing Finance Ltd. CRISIL- AAA 5029.03 0.96 Corporation Bank - CD CRISIL- A1+ 2402.97 0.46
Regular 1.08 08.38 % HDFC Ltd. CRISIL- AAA 5022.82 0.96 Axis Bank Ltd. - CD CRISIL- A1+ 2396.27 0.46
08.40 % Tata Motors Ltd. CRISIL- AA 4551.18 0.87 Axis Bank Ltd. - CD CRISIL- A1+ 2384.83 0.46
**Note: The rates specified are the actual weighted average
09.10 % Tata Motors Finance Ltd. CRISIL- AA 3673.05 0.70 Canara Bank - CD CRISIL- A1+ 384.25 0.07
expenses charged for the month of Jul 2016. The above
08.50 % Power Finance Corporation CRISIL- AAA 3547.30 0.68
ratio includes the Service tax on Investment Management
08.38 % LIC Housing Finance Ltd. CRISIL- AAA 3520.62 0.67 CBLO 9144.60 1.75
Fees .The above ratio includes, proportionate charge (out
08.80 % Kotak Mahindra Investments Ltd. CRISIL- AAA 3519.15 0.67 Portfolio Total 509877.45 97.47
of maximum 30 bps on daily average net assets allowed)
09.35 % Nabha Power Ltd. ICRA- AAA(so) 2957.28 0.57 Cash / Net Current Asset 13225.15 2.53
in respect sales beyond T-15 cities assets, wherever
09.65 % LIC Housing Finance Ltd. CRISIL- AAA 2586.52 0.49 Net Assets 523102.60 100.00
applicable.
09.40 % HDFC Ltd. CRISIL- AAA 2583.71 0.49
09.50 % IDFC Bank Ltd. ICRA- AAA 2578.61 0.49
VOLATILITY MEASURES FUND BENCHMARK
08.60 % HDFC Ltd. CRISIL- AAA 2524.83 0.48
Std. Dev (Annualised) 1.15 1.03 08.32 % Nabha Power Ltd. ICRA- AAA(so) 2523.66 0.48
Portfolio Beta 1.11 1.00 08.30 % Nabha Power Ltd. ICRA- AAA(SO) 2523.36 0.48
R Squared 0.94 1.00 07.80 % NABARD CRISIL- AAA 2513.04 0.48
Treynor 0.21 0.26 08.30 % LIC Housing Finance Ltd. CRISIL- AAA 2510.82 0.48
Jenson -0.05 NA
Modified Duration : 2.01 Years SIP - If you had invested INR 10000 every month
Average Maturity : 2.79 Years
1 Year 3 Year 5 Year 7 Year 10 Year Since Inception
Gross Yield to Maturity (For Debt Component)
Total Amount Invested (Rs.) 120,000 360,000 600,000 840,000 1,200,000 1,660,000
i. Including NCA* : 7.24% 125,164 411,232 753,778 1,150,422 1,874,077 3,042,393
Total Value as on Jun 30, 2016 (Rs.)
ii. Excluding NCA* : 7.46%
Returns 8.11% 8.85% 9.07% 8.84% 8.63% 8.31%
*NCA - Net Current Assets
Total Value of B: Crisil Short Term Bond Fund Index 125,654 413,626 755,309 1,148,098 1,854,263 2,940,509
Risk-free rate based on the FBIL Overnight MIBOR rate of B: Crisil Short Term Bond Fund Index 8.89% 9.25% 9.15% 8.79% 8.43% 7.86%
6.59% as on Jul 29, 2016 Total Value of AB: Crisil 1 Yr T-Bill Index 124,684 405,894 728,308 1,088,608 1,701,421 2,628,703
For calculation methodology please refer Pg 49 AB: Crisil 1 Yr T-Bill Index 7.35% 7.96% 7.69% 7.30% 6.79% 6.37%
(Inception date: 08-Aug-2002) (First Installment date: 01-Sep-2002)
MINIMUM INVESTMENT/ 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 not taken in to
MULTIPLES FOR NEW INVESTMENT consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered.
Rs. 5,000/- and in multiples of Re. 1/- thereafter. For scheme performance refer pages 37-46.
*B: Benchmark, AB: Additional Benchmark
ADDITIONAL INVESTMENT/ Source: MFI Explorer
MULTIPLES FOR EXISTING INVESTORS
Composition by Ratings Instrument Wise Composition
Rs. 1,000/- and multiples of Re. 1/- thereafter.
4.28% 4.27% NCD - Non Convertible Deb
LOAD STRUCTURE 9.28%
19.46% A1+ / AAA
Entry Load : Not Applicable Government Securities
8.17%
Exit Load : 0.50% of NAV if redeemed on or before AA+ / AA 0.16% Zero Coupon Bonds
expiry of 30 days from the date of 3.50%
allotment. With effect from 01 August, SOV Commercial Papers
2016, exit load is nil. 58.66%
Cash & Cash Equivalents 19.46%
Certificate Of Deposit
72.76%
Cash & Cash Equivalents

Maturity Ladder NAV Movement


Cash & Others 2.53% Tata Short Term Bond Fund - Reg Crisil Short Term Bond Fund Index
140
Abv 10 Yrs 0.00%
132
7 - 10 Yrs 7.70%
124
3 - 7 Yrs 22.49%
116
1 - 3 Yrs 41.63%
108
0 - 1 Yrs 25.65%
100
0.00% 10.00% 20.00% 30.00% 40.00% 50.00% Jul-13 Jul-14 Jul-15 Jul-16

www.tatamutualfund.com TATA MUTUAL FUND 25


Tata Treasury Manager Fund [ICRA]AAAmfs rating by ICRA$
(An Open-Ended Debt Scheme)

As on 31st July 2016 PORTFOLIO


INVESTMENT STYLE Name of the Instrument Ratings Market Value % to Name of the Instrument Ratings Market Value % to
A debt scheme which aims is to generate reasonable Rs. Lakhs NAV Rs. Lakhs NAV
returns alongwith liquidity by investing predominantly in Debt Instruments
a portfolio of money market and other short term debt
instruments.
Non-Convertible Debentures/Bonds 12622.11 29.17 CBLO 1757.16 4.10
08.84 % Power Grid Corporation CRISIL- AAA 2542.82 5.88
INVESTMENT OBJECTIVE Portfolio Total 42447.54 98.13
Of India Ltd.
To generate reasonable returns alongwith liquidity by
investing predominantly in a portfolio of money market 08.55 % Reliance Jio Infocomm Ltd. CRISIL- AAA 2534.05 5.86 Cash / Net Current Asset 825.81 1.87
and other short term debt instruments. 08.28 % Rural Electrification Corp. Ltd. CRISIL- AAA 2514.69 5.81 Net Assets 43273.35 100.00
DATE OF ALLOTMENT 09.10 % Tata Motors Finance Ltd. CRISIL- AA 2508.92 5.80
July 13, 2007 09.35 % Piramal Enterprises Ltd. ICRA- AA 1509.11 3.49
FUND MANAGER 09.32 % Tata Power Company Ltd. CRISIL- AA- 1012.52 2.34
Amit Somani (Managing Since May-14 and overall Money Market Instruments 27218.27 62.90
experience of 14 years)
Hindustan Zinc Ltd. - CP CRISIL- A1+ 2459.82 5.68
BENCHMARK HDFC Ltd. - CP ICRA- A1+ 2440.70 5.64
Crisil Short Term Bond Fund Index L & T Infrastucture Finance Co Ltd. - CP ICRA- A1+ 2403.90 5.56
Corporation Bank - CD CRISIL- A1+ 2402.97 5.55
NAV
Canara Bank - CD CRISIL- A1+ 2401.90 5.55
Direct - Growth : 2093.41
Direct - Monthly Dividend 1002.05 IL & FS Financial Ser Ltd. - CP ICRA- A1+ 2399.93 5.55
:
Direct - Weekly Dividend : 1012.44 J.M. Financial Products Ltd. - CP ICRA- A1+ 2375.88 5.49
Direct - Daily Dividend 1008.51
: DBS Bank Ltd. - CD CRISIL- A1+ 2352.60 5.44
Reg - Growth 2046.09
Reg - Monthly Dividend : 1002.01 ICICI Bank Ltd. - CD ICRA- A1+ 2343.29 5.42
Reg - Weekly Dividend : 1011.47 Andhra Bank - CD CARE- A1+ 2340.62 5.41
Reg - Daily Dividend : 1008.48
Axis Bank Ltd. - CD CRISIL- A1+ 2335.34 5.40
FUND SIZE EXIM - CD CRISIL- A1+ 961.32 2.22
Rs. 432.73 (Rs. in Cr.) Fixed Deposit 850.00 1.96
MONTHLY AVERAGE AUM Bandhan Bank 850.00 1.96
Rs.415.84 (Rs. in Cr.)
EXPENSE RATIO**
Direct 0.30
Regular 1.00
**Note: The rates specified are the actual weighted average expenses
charged for the month of Jul 2016. The above ratio includes the SIP - If you had invested INR 10000 every month
Service tax on Investment Management Fees. The above ratio
includes, proportionate charge (out of maximum 30 bps on daily 1 Year 3 Year 5 Year 7 Year 10 Year Since Inception
average net assets allowed) in respect sales beyond T-15 cities
assets, wherever applicable. Total Amount Invested (Rs.) 120,000 360,000 600,000 840,000 NA 1,070,000
VOLATILITY MEASURES FUND BENCHMARK Total Value as on Jun 30, 2016 (Rs.) 125,099 408,491 744,432 1,137,314 NA 1,567,516
Std. Dev (Annualised) 0.77 1.03 Returns 8.00% 8.40% 8.57% 8.52% NA 8.35%
Portfolio Beta 0.77 1.00 Total Value of B: Crisil Short Term Bond Fund Index 125,654 413,635 755,321 1,148,110 NA 1,580,370
R Squared 0.83 1.00 B: Crisil Short Term Bond Fund Index 8.89% 9.25% 9.15% 8.79% NA 8.52%
Treynor 0.23 0.28
Jenson -0.04 NA Total Value of AB: Crisil 1 Yr T-Bill Index 124,684 405,900 728,326 1,088,626 NA 1,467,601
Modified Duration : 0.73 Years AB: Crisil 1 Yr T-Bill Index 7.35% 7.96% 7.69% 7.30% NA 6.93%
Average Maturity : 0.78 Years (Inception date: 13-Jul-2007) (First Installment date: 01-Aug-2007)
Gross Yield to Maturity (For Debt Component) 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
i. Including NCA* : 7.39% 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
ii. Excluding NCA* : 7.46% month has been considered.
*NCA - Net Current Assets For scheme performance refer pages 37-46.
Risk-free rate based on the FBIL Overnight MIBOR rate of *B: Benchmark, AB: Additional Benchmark
6.59% as on Jul 29, 2016 Source: MFI Explorer
For calculation methodology please refer Pg 49

MINIMUM INVESTMENT/ Composition by Ratings Instrument Wise Composition


MULTIPLES FOR NEW INVESTMENT
7.93% 7.93%
Rs. 5,000/- and in multiples of Re. 1/- thereafter. 2.34%
NCD - Non Convertible Deb
9.29% A1+ / AAA 29.17%
ADDITIONAL INVESTMENT/
MULTIPLES FOR EXISTING INVESTORS Commercial Papers
AA+ / AA
Rs. 1,000/- and multiples of Re. 1/- thereafter. 34.98%
LOAD STRUCTURE AA- Certificate Of Deposit

Entry Load : Not Applicable Cash & Cash Equivalents


Cash & Cash Equivalents
Exit Load : Nil 80.44% 27.92%

Maturity Ladder NAV Movement


Cash & Others 1.91% Tata Treasury Manager Fund - Reg Crisil Short Term Bond Fund Index
Abv 5 Yrs 0.00% 140
3 - 5 Yrs 0.00%
132
2 - 3 Yrs 0.00%
1 - 2 Yrs 19.87% 124
6 - 12 Mths 60.87%
116
3 - 6 Mths 5.64%
1 - 3 Mths 7.65% 108
0 - 1 Mths 4.06% 100
0.00% 14.00% 28.00% 42.00% 56.00% 70.00% Jul-13 Jul-14 Jul-15 Jul-16

www.tatamutualfund.com TATA MUTUAL FUND 26


Tata Floater Fund [ICRA]AAAmfs rating by ICRA$
(An Open-Ended Debt Scheme)

As on 31st July 2016 PORTFOLIO


INVESTMENT STYLE Name of the Instrument Ratings Market Value % to Name of the Instrument Ratings Market Value % to
A debt scheme investing in good quality floating rate Rs. Lakhs NAV Rs. Lakhs NAV
debt instruments, money market instruments and in Debt Instruments Bank Of Maharashtra - CD CRISIL- A1+ 9588.85 2.41
fixed rate debt instruments, which can also be swapped Non-Convertible Debentures/Bonds 125626.26 31.60 Piramal Enterprises Ltd. - CP ICRA- A1+ 9557.70 2.40
for floating Rate Returns. 07.83 % EXIM Andhra Bank - CD
CRISIL- AAA 15052.58 3.79 CARE- A1+ 7198.82 1.81
INVESTMENT OBJECTIVE 08.80 % Tata Capital Financial Services Ltd. CRISIL- AA+ 10097.72 2.54 DBS Bank Ltd. - CD CRISIL- A1+ 7057.79 1.78
To generate stable returns with a low interest rate risk 08.99 % Credila Financial Services Pvt Ltd. CRISIL- AA+ 10036.24 2.52 Piramal Enterprises Ltd. - CP ICRA- A1+ 4958.19 1.25
strategy by creating a portfolio that is predominantly 09.35 % Piramal Enterprises Ltd. ICRA- AA 9557.69 2.40 J.M. Financial Products Ltd. - CP ICRA- A1+ 4941.82 1.24
invested in good quality floating rate debt instruments, 08.35 % Nabha Power Ltd. ICRA- AAA(so) 7578.19 1.91 Axis Bank Ltd. - CD CRISIL- A1+ 4887.06 1.23
money market instruments and in fixed rate debt 09.13 % Cholamandalam Invt & Fin Co Ltd. ICRA- AA 7549.10 1.90 HDFC Ltd. - CP ICRA- A1+ 4881.40 1.23
instruments which can also be swapped for floating rate 08.91 % Power Finance Corporation CRISIL- AAA 6100.93 1.53 Kotak Mahindra Investments Ltd. - CP CRISIL- A1+ 4867.59 1.22
returns.
08.55 % Reliance Jio Infocomm Ltd. CRISIL- AAA 5068.11 1.27 IDBI Bank Ltd. - CD CRISIL- A1+ 4825.80 1.21
DATE OF ALLOTMENT 09.33 % Power Finance Corporation CRISIL- AAA 5050.75 1.27 IDBI Bank Ltd. - CD CRISIL- A1+ 4824.91 1.21
September 6, 2005 08.57 % HDFC Ltd. CRISIL- AAA 5041.03 1.27 IDBI Bank Ltd. - CD CRISIL- A1+ 4818.73 1.21
08.38 % HDFC Ltd. CRISIL- AAA 5034.91 1.27 NABARD - CD CRISIL- A1+ 4817.79 1.21
FUND MANAGER
09.25 % Tata Motors Finance Ltd. CRISIL- AA 5032.46 1.27 Corporation Bank - CD CRISIL- A1+ 4806.87 1.21
Akhil Mittal (Managing Since Jun-14 and overall experience 08.28 % Rural Electrification Corp. Ltd. CRISIL- AAA 5029.37 1.26 Corporation Bank - CD CRISIL- A1+ 4805.93 1.21
of 14 years) 09.15 % Tata Clean Tech Capital Ltd. CRISIL- AA+ 5025.18 1.26 Corporation Bank - CD CRISIL- A1+ 4791.09 1.20
BENCHMARK 09.10 % Tata Motors Finance Ltd. CRISIL- AA 3512.48 0.88 J.M. Financial Products Ltd. - CP CRISIL- A1+ 4766.22 1.20
09.06 % Rural Electrification Corp. Ltd. CRISIL- AAA 3259.28 0.82 DBS Bank Ltd. - CD CRISIL- A1+ 4702.53 1.18
Crisil Liquid Fund Index
09.32 % Tata Power Company Ltd. CRISIL- AA- 2733.79 0.69 HDFC Ltd. - CP ICRA- A1+ 4686.53 1.18
NAV Daimler Financial Services India Private Ltd. - CP IND A1+ 4682.68 1.18
09.25 % Rural Electrification Corp. Ltd. CRISIL- AAA 2548.27 0.64
Direct - Growth : 2356.32 09.11 % Power Finance Corporation CRISIL- AAA 2537.58 0.64 Axis Bank Ltd. - CD CRISIL- A1+ 4679.38 1.18
Direct - Dividend : 1494.73 08.30 % LIC Housing Finance Ltd. Daimler Financial Services India Private Ltd. - CP IND A1+ 4617.95 1.16
CRISIL- AAA 2510.82 0.63
Direct - Weekly Div : 1008.93 Ford Credit India Pvt. Ltd. - CP IND A1+ 2440.21 0.61
09.11 % L&t Housing Finance Ltd. CARE- AA+ 2505.51 0.63
Direct - Daily Dividend 1003.53 Small Indust Devlop Bank Of India - CP CARE- A1+ 2432.58 0.61
: 09.18 % Steel Authority Of India Ltd. IND AA 2022.32 0.51
Reg - Growth 2343.89
: Ford Credit India Pvt. Ltd. - CP IND A1+ 2425.71 0.61
Reg - Dividend 1487.12 08.90 % Power Finance Corporation CRISIL- AAA 1525.62 0.38
: Corporation Bank - CD CRISIL- A1+ 2406.16 0.61
Reg - Weekly Div 1008.91 09.28 % Power Finance Corporation CRISIL- AAA 1024.09 0.26
Reg - Daily Dividend : 1003.53 J.M. Financial Products Ltd. - CP CRISIL- A1+ 2398.52 0.60
09.70 % Kotak Mahindra Prime Ltd. CRISIL- AAA 90.95 0.02
Axis Bank Ltd. - CD CRISIL- A1+ 2396.27 0.60
FUND SIZE 09.30 % Power Finance Corporation CRISIL- AAA 50.96 0.01
J.M. Financial Products Ltd. - CP ICRA- A1+ 2379.55 0.60
08.35 % Power Finance Corporation CRISIL- AAA 50.33 0.01
Rs. 3976.05 (Rs. in Cr.) ICICI Bank Ltd. - CD ICRA- A1+ 2358.22 0.59
Money Market Instruments 259858.42 65.36
Axis Bank Ltd. - CD CRISIL- A1+ 2349.39 0.59
MONTHLY AVERAGE AUM Hindustan Zinc Ltd. - CP CRISIL- A1+ 22138.40 5.57
Rs. 3752.28 (Rs. in Cr.) Small Indust Devlop Bank Of India - CD CARE- A1+ 19121.82 4.81
IL & FS Financial Ser Ltd. - CP ICRA- A1+ 14399.60 3.62 CBLO 6183.03 1.56
EXPENSE RATIO** Portfolio Total 391667.71 98.51
Andhra Bank - CD CARE- A1+ 14043.72 3.53
Direct 0.15 Canara Bank - CD Cash / Net Current Asset 5937.41 1.49
CRISIL- A1+ 9926.56 2.50
Regular 0.35
**Note: The rates specified are the actual weighted average expenses
Vijaya Bank - CD CARE- A1+ 9887.12 2.49 Net Assets 397605.12 100.00
charged for the month of Jul 2016. The above ratio includes the Axis Bank Ltd. - CD CRISIL- A1+ 9760.11 2.45
Service tax on Investment Management Fees. The above ratio IDBI Bank Ltd. - CD CRISIL- A1+ 9614.56 2.42
includes, proportionate charge (out of maximum 30 bps on daily Axis Bank Ltd. - CD CRISIL- A1+ 9614.29 2.42
average net assets allowed) in respect sales beyond T-15 cities
assets, wherever applicable.
VOLATILITY MEASURES FUND BENCHMARK SIP - If you had invested INR 10000 every month
1 Year 3 Year 5 Year 7 Year 10 Year Since Inception
Std. Dev (Annualised) 0.53 0.47
Portfolio Beta 1.08 1.00 Total Amount Invested (Rs.) 120,000 360,000 600,000 840,000 1,200,000 1,290,000
R Squared 0.88 1.00 Total Value as on Jun 30, 2016 (Rs.) 125,324 410,566 751,626 1,151,839 1,867,170 2,071,966
Treynor 0.18 0.19 Returns 8.36% 8.74% 8.96% 8.88% 8.56% 8.50%
Jenson -0.01 NA Total Value of B: Crisil Liquid Fund Index 125,059 408,583 744,571 1,131,774 1,809,213 2,000,834
Modified Duration : 8.65 Months B: Crisil Liquid Fund Index 7.94% 8.41% 8.58% 8.39% 7.96% 7.89%
Average Maturity : 10.17 Months Total Value of AB: Crisil 1 Yr T-Bill Index 124,684 405,900 728,326 1,088,626 1,701,441 1,870,710
Gross Yield to Maturity (For Debt Component) AB: Crisil 1 Yr T-Bill Index 7.35% 7.96% 7.69% 7.30% 6.79% 6.71%
i. Including NCA* : 7.31% (Inception date: 06-Sep-2005) (First Installment date: 01-Oct-2005)
ii. Excluding NCA* : 7.41% 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
*NCA - Net Current Assets not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered.
Risk-free rate based on the FBIL Overnight MIBOR rate of For scheme performance refer pages 37 - 46.
*B: Benchmark, AB: Additional Benchmark
6.59% as on Jul 29, 2016 Source: MFI Explorer
For calculation methodology please refer Pg 49
Composition by Ratings Instrument Wise Composition
MINIMUM INVESTMENT/
MULTIPLES FOR NEW INVESTMENT 0.69% 3.04% 3.04%
13.92% A1+ / AAA
Rs. 5,000/- and in multiples of Re. 1/- thereafter. NCD - Non Convertible Deb
31.60%
ADDITIONAL INVESTMENT/ AA+ / AA
Commercial Papers
MULTIPLES FOR EXISTING INVESTORS
41.07%
AA-
Rs. 1,000/- and multiples of Re. 1/- thereafter.
Certificate Of Deposit
LOAD STRUCTURE Cash & Cash Equivalents
Entry Load : Not Applicable Cash & Cash Equivalents
82.35%
24.29%
Exit Load : NIL

Maturity Ladder NAV Movement


Cash & Others 1.49% Tata Floater Fund - Reg Crisil Liquid Fund Index
Abv 5 Yrs 0.00% 140
3 - 5 Yrs 0.00%
2 - 3 Yrs 132
9.50%
1 - 2 Yrs 15.22% 124
6 - 12 Mths 51.22%
116
3 - 6 Mths 7.97%
1 - 3 Mths 13.04% 108
0 - 1 Mths 1.56%
100
0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% Jul-13 Jul-14 Jul-15 Jul-16

www.tatamutualfund.com TATA MUTUAL FUND 27


Tata Money Market Fund [ICRA]A1+mfs rating by ICRA$
(An Open-Ended Debt Scheme)

As on 31st July 2016 PORTFOLIO


INVESTMENT STYLE Name of the Instrument Ratings Market Value % to Name of the Instrument Ratings Market Value % to
A money market scheme (liquid fund category) that Rs. Lakhs NAV Rs. Lakhs NAV
invests 100% of its net assets in Money market Debt Instruments Vijaya Bank - CD CARE- A1+ 7415.34 0.94
securities. Money Market Instruments 726291.86 91.64 Daimler Financial Services India Private Ltd. - CP IND A1+ 7414.62 0.94
INVESTMENT OBJECTIVE EXIM - CP CRISIL- A1+ 52462.10 6.62 STCI Finance Ltd. - CP CRISIL- A1+ 5969.46 0.75
To create a highly liquid portfolio of money market Treasury Bill 91 Days (08/09/2016) SOV 35252.81 4.45 L & T Infrastucture Finance Co Ltd. - CP ICRA- A1+ 5459.12 0.69
instruments so as to provide reasonable returns and The Bank Of Tokyo-Mitsubishi Ufj Ltd. - CD IND A1+ 30782.28 3.88 Fedbank Financial Services Ltd. - CP CRISIL- A1+ 4990.90 0.63
high liquidity to the unitholders.
India Infoline Housing Finance Ltd. - CP CRISIL- A1+ 29564.85 3.73 Housing & Urban Development CARE- A1+ 4973.97 0.63
DATE OF ALLOTMENT Treasury Bill 91 Days (11/08/2016) SOV 27448.82 3.46 Corporation Ltd. - CP
September 01,2004
Treasury Bill 91 Days (22/09/2016) SOV 27248.16 3.44 Vijaya Bank - CD CARE- A1+ 4972.89 0.63
Punjab & Sind Bank - CD ICRA- A1+ 24855.24 3.14 TVS Credit Services Ltd. - CP ICRA- A1+ 4967.05 0.63
FUND MANAGER Indiabulls Housing Finance Ltd. - CP CRISIL- A1+ 24843.52 3.13 Corporation Bank - CD CRISIL- A1+ 4962.62 0.63
Amit Somani (Managing Since Oct-13 and overall Treasury Bill 182 Days (08/09/2016) SOV 24833.25 3.13 Chennai Petroleum Corporation Ltd. - CP CRISIL- A1+ 4956.60 0.63
experience of 14 years)
Treasury Bill 91 Days (29/09/2016) SOV 22940.85 2.89 Reliance Jio Infocomm Ltd. - CP CARE- A1+ 4954.97 0.63
BENCHMARK The South Indian Bank Ltd. - CD CRISIL- A1+ 19983.99 2.52 Deepak Fert.& Petrochem. Corp Ltd. - CP ICRA- A1+ 4948.32 0.62
Crisil Liquid Fund Index Andhra Bank - CD CARE- A1+ 19914.97 2.51 Sadbhav Engineering Ltd. - CP CARE- A1+ 4937.72 0.62
NAV Kotak Mahindra Bank - CD CRISIL- A1+ 19914.49 2.51 JM Financial Asset Reconstruction CRISIL- A1+ 4916.00 0.62
Direct - Growth : 2450.17 Manappuram Finance Ltd. - CP CRISIL- A1+ 19900.19 2.51 Co. Pvt. Ltd. - CP
Direct - Daily Dividend : 1001.52 Indiabulls Housing Finance Ltd. - CP CRISIL- A1+ 19877.19 2.51 Treasury Bill 91 Days (01/09/2016) SOV 4475.27 0.56
Reg - Growth : 2442.46 Aditya Birla Fashion & Retail Ltd. - CP CRISIL- A1+ 17468.98 2.20 Infina Finance Pvt Ltd. - CP CRISIL- A1+ 3975.91 0.50
Reg - Daily Dividend : 1001.52
Piramal Enterprises Ltd. - CP ICRA- A1+ 14920.34 1.88 JM Financial Asset Reconstruction ICRA- A1+ 3972.47 0.50
FUND SIZE IDFC Bank Ltd. - CD ICRA- A1+ 14913.02 1.88 Co. Pvt. Ltd. - CP
Rs. 7925.35 (Rs. in Cr.) IDFC Bank Ltd. - CD ICRA- A1+ 14898.57 1.88 JM Financial Asset Reconstruction Co. ICRA- A1+ 3471.52 0.44
Piramal Enterprises Ltd. - CP ICRA- A1+ 14898.26 1.88 Pvt. Ltd. - CP
MONTHLY AVERAGE AUM
Industrial And Commercial Bank Of CRISIL- A1+ 14886.80 1.88 Treasury Bill 91 Days (15/09/2016) SOV 2976.17 0.38
Rs. 9082.14 (Rs. in Cr.)
China Ltd. - CD Yes Bank Ltd. - CD ICRA- A1+ 2492.62 0.31
EXPENSE RATIO** IL & FS Securities Services Ltd. - CP ICRA- A1+ 14861.64 1.88 Small Indust Devlop Bank Of India - CP CARE- A1+ 2485.82 0.31
Direct 0.09 Deepak Fert.& Petrochem. Corp Ltd. - CP ICRA- A1+ 12365.89 1.56 IDFC Bank Ltd. - CD ICRA- A1+ 2477.48 0.31
Regular 0.14
Treasury Bill 91 Days (18/08/2016) SOV 10367.83 1.31 Hindustan Zinc Ltd. - CP CRISIL- A1+ 2476.03 0.31
**Note: The rates specified are the actual weighted average expenses
charged for the month of Jul 2016. The above ratio includes the IL & FS Financial Ser Ltd. - CP CARE- A1+ 9961.13 1.26 Dena Bank - CD CRISIL- A1+ 1498.92 0.19
Service tax on Investment Management Fees. The above ratio Century Textiles & Industries Ltd. - CP CRISIL- A1+ 9941.22 1.25 Treasury Bill 91 Days (04/08/2016) SOV 17.99 0.00
includes, proportionate charge (out of maximum 30 bps on daily Corporation Bank - CD CRISIL- A1+ 9931.15 1.25 Fixed Deposit 90500.00 11.42
average net assets allowed) in respect sales beyond T-15 cities
assets, wherever applicable.
Corporation Bank - CD CRISIL- A1+ 9918.17 1.25 Punjab And Sindh Bank 12500.00 1.58
Manappuram Finance Ltd. - CP CRISIL- A1+ 9908.06 1.25 Indusind Bank Ltd. 46000.00 5.80
VOLATILITY MEASURES FUND BENCHMARK
Muthoot Finance Ltd. - CP CRISIL- A1+ 9852.22 1.24 RBL Bank Ltd. 30000.00 3.79
Std. Dev (Annualised) 0.27 0.47
HT Media Ltd. - CP CRISIL- A1+ 8869.56 1.12 Bandhan Bank 2000.00 0.25
Portfolio Beta 0.48 1.00
R Squared 0.67 1.00 Dena Bank - CD CRISIL- A1+ 7457.75 0.94
CBLO 1726.17 0.22
Treynor 0.36 0.17 ONGC Mangalore Petrochemicals Ltd. - CP ICRA- A1+ 7447.76 0.94 Portfolio Total 818518.03 103.28
Jenson 0.09 NA Kotak Mahindra Prime Ltd. - CP CRISIL- A1+ 7441.02 0.94 Net Current Liabilities -25983.29 -3.28
Modified Duration : 1.23 Months Net Assets 792534.74 100.00
SIP - If you had invested INR 10000 every month
Average Maturity : 1.23 Months
Gross Yield to Maturity (For Debt Component) 1 Year 3 Year 5 Year 7 Year 10 Year Since Inception
i. Including NCA* : Total Amount Invested (Rs.) 120,000 360,000 600,000 840,000 1,200,000 1,410,000
7.33%
ii. Excluding NCA* : 7.33% Total Value as on Jun 30, 2016 (Rs.) 125,175 409,206 748,887 1,145,460 1,850,023 2,335,628
*NCA - Net Current Assets Returns 8.10% 8.50% 8.80% 8.72% 8.39% 8.24%
Total Value of B: Crisil Liquid Fund Index 125,069 408,650 744,699 1,131,950 1,809,525 2,267,475
Risk-free rate based on the FBIL Overnight MIBOR rate of B: Crisil Liquid Fund Index 7.93% 8.41% 8.58% 8.38% 7.96% 7.77%
6.59% as on Jul 29, 2016 Total Value of AB: Crisil 1 Yr T-Bill Index 124,715 405,955 728,448 1,088,786 1,701,741 2,106,218
For calculation methodology please refer to Pg 49 AB: Crisil 1 Yr T-Bill Index 7.37% 7.96% 7.69% 7.30% 6.79% 6.60%
(Inception date: 01-Sep-2004) (First Installment date: 01-Oct-2004)
MINIMUM INVESTMENT/ 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 not taken in to
MULTIPLES FOR NEW INVESTMENT 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 37-46.
Rs. 5,000/- and in multiples of Re. 1/- thereafter. *B: Benchmark, AB: Additional Benchmark
Source: MFI Explorer
ADDITIONAL INVESTMENT/
MULTIPLES FOR EXISTING INVESTORS Composition by Ratings Instrument Wise Composition
Rs. 1,000/- and multiples of Re. 1/- thereafter. 8.36% 8.35%
19.63%
LOAD STRUCTURE Treasury Bills
A1+ / AAA
Entry Load : Not Applicable 19.63%
Commercial Papers
SOV 26.66%
Exit Load : Nil
Certificate Of Deposit
Cash & Cash Equivalents

Cash & Cash Equivalents


72.01%
45.36%

Maturity Ladder NAV Movement


-3.28% Tata Money Market Fund - Reg Crisil Liquid Fund Index
Cash & Others 130
2 - 3 Mths 7.90% 124
1 - 2 Mths 61.33% 118
Abv 15 - 30 Days 17.44%
112
Abv 7 - 15 Days 6.30%
106
1 - 7 Days 10.31%
100
-6.00% 10.00% 26.00% 42.00% 58.00% 74.00% Jul-13 Jul-14 Jul-15 Jul-16

www.tatamutualfund.com TATA MUTUAL FUND 28


Tata Liquid Fund [ICRA]A1+mfs rating by ICRA$
(An Open-Ended Liquid Scheme)

As on 31st July 2016 PORTFOLIO


INVESTMENT STYLE Name of the Instrument Ratings Market Value % to Name of the Instrument Ratings Market Value % to
A high liquidity income scheme that aims to generate Rs. Lakhs NAV Rs. Lakhs NAV
reasonable returns. Debt Instruments Axis Bank Ltd. - CD CRISIL- A1+ 7459.59 2.21
INVESTMENT OBJECTIVE Money Market Instruments 342394.18 101.50 IDFC Bank Ltd. - CD ICRA- A1+ 7456.51 2.21
To create a highly liquid portfolio of good quality debt as Treasury Bill 91 Days (01/09/2016) SOV 34837.26 10.33 Deepak Fert.& Petrochem. ICRA- A1+ 7422.48 2.20
well as money market instruments so as to provide NABARD - CP CRISIL- A1+ 29831.34 8.84 Corp Ltd. - CP
reasonable returns and high liquidity to the unitholders.
Vijaya Bank - CD CARE- A1+ 19904.46 5.90 India Infoline Housing Finance Ltd. - CP CRISIL- A1+ 7411.49 2.20
DATE OF ALLOTMENT Small Indust Devlop Bank Of India - CP CARE- A1+ 15000.00 4.45 Kotak Mahindra Bank - CD CRISIL- A1+ 4991.86 1.48
May 22, 2003 Dena Bank - CD CRISIL- A1+ 14915.49 4.42 Piramal Enterprises Ltd. - CP ICRA- A1+ 4985.67 1.48
FUND MANAGER Indiabulls Housing Finance Ltd. - CP CRISIL- A1+ 14906.11 4.42 Piramal Enterprises Ltd. - CP ICRA- A1+ 4973.45 1.47
Amit Somani (Managing Since Oct-13 and overall Treasury Bill 182 Days (08/09/2016) SOV 14403.29 4.27 Indiabulls Housing Finance Ltd. - CP CRISIL- A1+ 4969.30 1.47
experience of 14 years) The Bank Of Tokyo-Mitsubishi IND A1+ 13901.67 4.12 Birla Tmt Holdings Pvt Ltd. - CP CRISIL- A1+ 4968.23 1.47
BENCHMARK Ufj Ltd. - CD Piramal Enterprises Ltd. - CP ICRA- A1+ 4966.09 1.47
Crisil Liquid Fund Index Guj Narmada Valley Fer. & ICRA- A1+ 12462.79 3.69 IL&FS Securities Services Ltd. - CP ICRA- A1+ 4953.88 1.47
Chem. Ltd. - CP Treasury Bill 91 Days (22/09/2016) SOV 2628.21 0.78
NAV
Century Textiles & Industries CRISIL- A1+ 9997.98 2.96 Reliance Jio Infocomm Ltd. - CP CARE- A1+ 2500.00 0.74
Direct - Growth : 2868.99
Direct - Monthly Dividend : 1000.79 Ltd. - CP Corporation Bank - CD CRISIL- A1+ 2481.31 0.74
Direct - Weekly Dividend : 1001.67 Yes Bank Ltd. - CD ICRA- A1+ 9970.49 2.96 Kotak Mahindra Prime Ltd. - CP CRISIL- A1+ 2480.34 0.74
Direct - Daily Dividend : 1114.52
Dena Bank - CD CRISIL- A1+ 9965.98 2.95 Vijaya Bank - CD CARE- A1+ 2471.78 0.73
Reg - Growth : 2861.10
Reg - Monthly Dividend : 1000.78 Industrial And Commercial Bank CRISIL- A1+ 9945.13 2.95 Treasury Bill 91 Days (20/10/2016) SOV 3.45 0.00
Reg - Weekly Dividend : 1001.66 Of China Ltd. - CD Fixed Deposit 29000.00 8.60
Reg - Daily Dividend : 1114.52
Century Textiles & CRISIL- A1+ 9941.22 2.95 Bandhan Bank 2000.00 0.59
FUND SIZE Industries Ltd. - CP Punjab And Sindh Bank 12500.00 3.71
Rs. 3373.40 (Rs. in Cr.) India Infoline Housing CRISIL- A1+ 9935.72 2.95 Indusind Bank Ltd. 4500.00 1.33
MONTHLY AVERAGE AUM Finance Ltd. - CP RBL Bank Ltd. 10000.00 2.96
Rs. 4276.25 (Rs. in Cr.) IL&FS Securities Services Ltd. - CP ICRA- A1+ 9933.10 2.94
EXPENSE RATIO** L & T Infrastucture Finance ICRA- A1+ 9925.68 2.94 CBLO 132.94 0.04
Direct 0.09 Co Ltd. - CP Portfolio Total 371527.12 110.14
Regular 0.14 Oriental Bank Of Commerce - CD CRISIL- A1+ 7994.33 2.37 Net Current Liabilities -34187.04 -10.14
**Note: The rates specified are the actual weighted average expenses
Aditya Birla Fashion & Retail Ltd. - CP CRISIL- A1+ 7498.50 2.22 Net Assets 337340.08 100.00
charged for the month of Jul 2016. The above ratio includes the
Service tax on Investment Management Fees. The above ratio
includes, proportionate charge (out of maximum 30 bps on daily SIP - If you had invested INR 10000 every month
average net assets allowed) in respect sales beyond T-15 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 1,570,000
Std. Dev (Annualised) 0.25 0.47 Total Value as on Jun 30, 2016 (Rs.) 125,150 408,873 747,393 1,143,152 1,844,133 2,722,228
Portfolio Beta 0.44 1.00
Returns 8.06% 8.45% 8.72% 8.66% 8.32% 8.02%
R Squared 0.69 1.00
Treynor 0.36 0.17 Total Value of B: Crisil Liquid Fund Index 125,069 408,650 744,699 1,131,950 1,809,525 2,639,871
Jenson 0.09 NA
B: Crisil Liquid Fund Index 7.93% 8.41% 8.58% 8.38% 7.96% 7.59%
Modified Duration : 1.07 Months
Average Maturity : 1.07 Months Total Value of AB: Crisil 1 Yr T-Bill Index 124,715 405,955 728,448 1,088,786 1,701,741 2,434,107
Gross Yield to Maturity (For Debt Component) AB: Crisil 1 Yr T-Bill Index 7.37% 7.96% 7.69% 7.30% 6.79% 6.44%
i. Including NCA* : 7.43% (Inception date: 22-May-2003) (First Installment date: 01-Jun-2003)
ii. Excluding NCA* : 7.43%
*NCA - Net Current Assets 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
Risk-free rate based on the FBIL Overnight MIBOR rate of 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
6.59% as on Jul 29, 2016 every month has been considered.
For scheme performance refer pages 37-46.
For calculation methodology please refer to Pg 49
*B: Benchmark, AB: Additional Benchmark
MINIMUM INVESTMENT/
Source: MFI Explorer
MULTIPLES FOR NEW INVESTMENT
Composition by Ratings Instrument Wise Composition
Rs. 5,000/- and in multiples of Re. 1/- thereafter.
-1.50% -1.50%
ADDITIONAL INVESTMENT/ 15.38% 15.38%
MULTIPLES FOR EXISTING INVESTORS Treasury Bills
33.04%
A1+ / AAA
Rs. 1,000/- and multiples of Re. 1/- thereafter.
Commercial Papers
LOAD STRUCTURE SOV
Entry Load : Not Applicable Certificate Of Deposit
Exit Load : Ni l Cash & Cash Equivalents
Cash & Cash Equivalents

86.12% 53.08%

Maturity Ladder NAV Movement


Tata Liquid Fund - Reg Crisil Liquid Fund Index
Cash & Others -10.13% 130
2 - 3 Mths 3.52% 124
1 - 2 Mths 61.35% 118
Abv 15 - 30 Days 31.00% 112
Abv 7 - 15 Days 1.48% 106
1 - 7 Days 12.78% 100
-20.00% 10.00% 40.00% 70.00% Jul-13 Jul-14 Jul-15 Jul-16

www.tatamutualfund.com TATA MUTUAL FUND 29


Tata Gilt Securities Fund
(An Open-Ended Debt Scheme investing predominantly in Government Securities)

As on 31st July 2016


PORTFOLIO
INVESTMENT STYLE Name of the Instrument Ratings Market Value % to Name of the Instrument Ratings Market Value % to
Rs. Lakhs NAV Rs. Lakhs NAV
A debt scheme that invests in Government securities to
generate reasonable returns emphasising the Debt Instruments
importance of captial preservation. Government Securities 8265.12 96.67 CBLO 150.93 1.77
INVESTMENT OBJECTIVE GOI - 8.15% (24/11/2026) SOV 1589.10 18.59 Portfolio Total 8416.05 98.44
To generate risk-free return and thus provide medium to GOI - 7.88% (19/03/2030) SOV 1579.35 18.47
long term capital gains and income distribution to its
Cash / Net Current Asset 133.78 1.56
GOI - 7.59% (20/03/2029) SOV 1540.28 18.02
Unitholders, while at all times emphasising the Net Assets 8549.83 100.00
importance of capital preservation. GOI - 7.35% (22/06/2024) SOV 1515.60 17.73
DATE OF ALLOTMENT GOI - 7.68% (15/12/2023) SOV 1029.40 12.04
September 6, 1999 GOI - 7.16% (20/05/2023) SOV 1000.00 11.70
GOI - 10.70% (22/04/2020) SOV 11.39 0.13
FUND MANAGER
Akhil Mittal (Managing Since Jun-14 and overall
experience of 14 years)
BENCHMARK
I-Sec Composite Index
NAV
Direct - Growth : 47.01
Direct - Dividend : 14.43
Reg -Growth : 45.65
Reg -Dividend : 13.96

FUND SIZE
Rs. 85.50 (Rs. in Cr.)

MONTHLY AVERAGE AUM


Rs. 84.82 (Rs. in Cr.)

EXPENSE RATIO**
Direct 0.59
Regular 1.28
**Note: The rates specified are the actual weighted average expenses
charged for the month of Jul 2016. The above ratio includes the
Service tax on Investment Management Fees. The above ratio
includes, proportionate charge (out of maximum 30 bps on daily
average net assets allowed) in respect sales beyond T-15 cities SIP - If you had invested INR 10000 every month
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 2,010,000
Std. Dev (Annualised) 3.85 2.92
Portfolio Beta 1.24 1.00 Total Value as on Jun 30, 2016 (Rs.) 125,082 415,737 761,618 1,149,745 1,800,271 3,982,590
R Squared 0.89 1.00
Treynor 0.27 0.35 Returns 7.98% 9.59% 9.49% 8.83% 7.87% 7.66%
Jenson -0.10 NA Total Value of B: I-Sec Composite Index 126,747 422,884 771,086 1,173,208 1,906,552 4,104,679
Modified Duration : 6.57 Years B: I-Sec Composite Index 10.63% 10.76% 9.98% 9.39% 8.96% 7.98%
Average Maturity : 9.81 Years
Total Value of AB: Crisil 10 Yr Gilt Index 126,013 415,667 738,696 1,094,344 1,718,989 3,622,819
Gross Yield to Maturity (For Debt Component)
i. Including NCA* : 7.09% AB: Crisil 10 Yr Gilt Index 9.46% 9.58% 8.26% 7.44% 6.99% 6.64%
ii. Excluding NCA* : 7.20% (Inception date: 06-Sep-1999) (First Installment date: 01-Oct-1999)
*NCA - Net Current Assets
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
Risk-free rate based on the FBIL Overnight MIBOR rate of
6.59% as on Jul 29, 2016
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 49
For scheme performance refer pages 37-46.
MINIMUM INVESTMENT/ *B: Benchmark, AB: Additional Benchmark
MULTIPLES FOR NEW INVESTMENT Source: MFI Explorer
Rs. 5,000/- and in multiples of Re. 1/- thereafter.

ADDITIONAL INVESTMENT/ Composition by Ratings Instrument Wise Composition


MULTIPLES FOR EXISTING INVESTORS
3.33% 3.33%
Rs. 1,000/- and multiples of Re. 1/- thereafter.

LOAD STRUCTURE
SOV
Entry Load : Not Applicable Government Securities

Exit Load : 0.50% of NAV if redeemed on or before


Cash & Cash Equivalents Cash & Cash Equivalents
expiry of 180 days from the date of
allotment.

96.67% 96.67%

Maturity Ladder NAV Movement


Cash & Others Tata Gilt Securities Fund - Reg I-Sec Composite Index
1.56%
140
Abv 10 Yrs 55.07%
130
7 - 10 Yrs 29.77%
120
3 - 7 Yrs 11.83%
110
1 - 3 Yrs 0.00%
100
0 - 1 Yrs 1.77%
90
0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% Jul-13 Apr-14 Jan-15 Oct-15 Jul-16

www.tatamutualfund.com TATA MUTUAL FUND 30


Tata Gilt Mid Term Fund
(An Open-Ended Debt Scheme investing predominantly in Government Securities)

As on 31st July 2016


PORTFOLIO
INVESTMENT STYLE Name of the Instrument Ratings Market Value % to Name of the Instrument Ratings Market Value % to
Rs. Lakhs NAV Rs. Lakhs NAV
A debt scheme that invests in Government securities to
generate returns. Under normal circumstances the Debt Instruments
average portfolio maturity shall not exceed 15 years. Government Securities 21663.97 95.76 CBLO 526.75 2.33
INVESTMENT OBJECTIVE GOI - 7.16% (20/05/2023) SOV 6000.00 26.52 Portfolio Total 22190.72 98.09
To provide reasonable returns and high liquidity to the GOI - 8.28% (21/09/2027) SOV 4271.20 18.88
Unitholders by investing predominantly in Government
Cash / Net Current Asset 431.89 1.91
GOI - 8.35% (14/05/2022) SOV 4220.58 18.66
Securities having residual maturity upto 15 years. Net Assets 22622.61 100.00
However, there can be no assurance that the investment GOI - 8.24% (15/02/2027) SOV 4096.40 18.11
objective of the scheme will be realized. GOI - 7.68% (15/12/2023) SOV 1029.40 4.55
DATE OF ALLOTMENT SDL Maharashtra 8.94% (23/07/2024) SOV 537.12 2.37
June 24, 2010 SDL Tamilnadu 8.27% (13/01/2026) SOV 520.02 2.30
FUND MANAGER SDL Tamilnadu 8.13% (14/01/2025) SOV 514.32 2.27
Akhil Mittal (Managing Since Jun-14 and overall SDL Tamilnadu 8.06% (25/02/2025) SOV 318.02 1.41
experience of 14 years) SDL Maharashtra 8.44% (26/11/2024) SOV 156.91 0.69
BENCHMARK
I-Sec Composite Index
NAV
Direct - Growth : 17.75
Direct - Dividend : 16.61#
Direct - Quarterly Dividend : 15.28#
Reg - Growth : 17.27
Reg - Dividend : 16.38
Reg - Quarterly Dividend : 15.01
# Direct Plans are available for subscription under all
open ended schemes of Tata Mutual Fund w.e.f 1st
January 2013. Separate NAV will be calculated &
published for respective option(s) of the Direct Plan
upon initial subscription.
FUND SIZE
Rs. 226.23 (Rs. in Cr.)
MONTHLY AVERAGE AUM
Rs. 223.50 (Rs. in Cr.)
EXPENSE RATIO**
Direct 0.38 SIP - If you had invested INR 10000 every month
Regular 1.50
1 Year 3 Year 5 Year 7 Year 10 Year Since Inception
**Note: The rates specified are the actual weighted average expenses
charged for the month of Jul 2016. The above ratio includes the Total Amount Invested (Rs.) 120,000 360,000 600,000 NA NA 720,000
Service tax on Investment Management Fees. The above ratio
includes, proportionate charge (out of maximum 30 bps on daily
Total Value as on Jun 30, 2016 (Rs.) 126,246 421,150 779,244 NA NA 978,418
average net assets allowed) in respect sales beyond T-15 cities Returns 9.83% 10.48% 10.41% NA NA 10.12%
assets, wherever applicable.
Total Value of B: I-Sec Composite Index 126,747 422,884 771,086 NA NA 966,975
VOLATILITY MEASURES FUND BENCHMARK
B: I-Sec Composite Index 10.63% 10.76% 9.98% NA NA 9.73%
Std. Dev (Annualised) 2.93 2.92
Portfolio Beta 1.14 1.00 Total Value of AB: Crisil 10 Yr Gilt Index 126,013 415,667 738,696 NA NA 913,844
R Squared 0.94 1.00
Treynor 0.35 0.35
AB: Crisil 10 Yr Gilt Index 9.46% 9.58% 8.26% NA NA 7.86%
Jenson 0.00 NA (Inception date: 24-Jun-2010) (First Installment date: 01-Jul-2010)
Modified Duration : 5.63 Years 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
Average Maturity : 8.02 Years 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
Gross Yield to Maturity (For Debt Component) every month has been considered.
i. Including NCA* : 7.12% For scheme performance refer pages 37-46.
ii. Excluding NCA* : 7.25% *B: Benchmark, AB: Additional Benchmark
*NCA - Net Current Assets
Source: MFI Explorer
Risk-free rate based on the FBIL Overnight MIBOR rate of
6.59% as on Jul 29, 2016
Composition by Ratings Instrument Wise Composition
For calculation methodology please refer to Pg 49
MINIMUM INVESTMENT/ 4.24% 4.23%
MULTIPLES FOR NEW INVESTMENT
9.05%

Rs. 5,000/- and in multiples of Re. 1/- thereafter. Government Securities


SOV
ADDITIONAL INVESTMENT/
State Development Loans
MULTIPLES FOR EXISTING INVESTORS
Rs. 1,000/- and multiples of Re. 1/- thereafter. Cash & Cash Equivalents
Cash & Cash Equivalents
LOAD STRUCTURE
Entry Load : Not Applicable
Exit Load : NIL 95.76% 86.72%

Maturity Ladder NAV Movement


Tata Gilt Mid Term Fund - Reg I-Sec Composite Index
Cash & Others 1.91%
110
Abv 10 Yrs 36.99%
102
7 - 10 Yrs 13.60%
94
3 - 7 Yrs 45.18%
86
1 - 3 Yrs 0.00%
78
0 - 1 Yrs 2.33%
70
0.00% 10.00% 20.00% 30.00% 40.00% 50.00% Jul-13 Jul-14 Jul-15 Jul-16

www.tatamutualfund.com TATA MUTUAL FUND 31


Tata Gilt Short Maturity Fund
(An Open-Ended Debt Scheme investing predominantly in Government Securities)

As on 31st July 2016


PORTFOLIO
INVESTMENT STYLE Name of the Instrument Ratings Market Value % to Name of the Instrument Ratings Market Value % to
Rs. Lakhs NAV Rs. Lakhs NAV
A debt scheme that invests in Government securities to
generate reasonable returns emphasising the Debt Instruments
importance of captial preservation. Government Securities 2300.05 83.87 CBLO 400.81 14.62
INVESTMENT OBJECTIVE GOI - 8.12%(10/12/2020) SOV 519.80 18.96 Portfolio Total 2700.86 98.49
To generate risk-free return and thus providemedium to GOI - 7.68% (15/12/2023) SOV 514.70 18.77 Cash / Net Current Asset 41.41 1.51
long term capital gains and income distribution to its GOI - 7.80% (03/05/2020) SOV 512.50 18.69 Net Assets 2742.27 100.00
Unitholders, while at all times emphasising the 507.60
GOI - 7.83% (11/04/2018) SOV 18.51
importance of capital preservation.
GOI - 7.49% (16/04/2017) SOV 243.05 8.86
DATE OF ALLOTMENT 2.40 0.09
GOI - 6.90% (13/07/2019) SOV
April 3, 2003
FUND MANAGER
Akhil Mittal (Managing Since Jun-14 and overall
experience of 14 years)

BENCHMARK
I-Sec Composite Index

NAV
Direct - Growth : 24.76
Direct - Dividend : NA
Reg - Growth : 24.25
Reg - Dividend : 12.15

FUND SIZE
Rs. 27.42 (Rs. in Cr.)

MONTHLY AVERAGE AUM


Rs. 27.03 (Rs. in Cr.)

EXPENSE RATIO**
Direct 0.22
Regular 0.64
**Note: The rates specified are the actual weighted average expenses
charged for the month of Jul 2016. The above ratio includes the
Service tax on Investment Management Fees. The above ratio
includes, proportionate charge (out of maximum 30 bps on daily
average net assets allowed) in respect sales beyond T-15 cities
SIP - If you had invested INR 10000 every month
assets, wherever applicable.

VOLATILITY MEASURES FUND BENCHMARK 1 Year 3 Year 5 Year 7 Year 10 Year Since Inception

Std. Dev (Annualised) 1.47 2.92 Total Amount Invested (Rs.) 120,000 360,000 600,000 840,000 1,200,000 1,580,000
Portfolio Beta 0.50 1.00 Total Value as on Jun 30, 2016 (Rs.) 125,394 411,873 748,941 1,131,950 1,802,047 2,636,663
R Squared 0.74 1.00
Treynor 0.51 0.35 Returns 8.47% 8.96% 8.81% 8.39% 7.89% 7.44%
Jenson 0.08 NA Total Value of B: I-Sec Composite Index 126,747 422,884 771,086 1,173,208 1,906,552 2,825,676
Modified Duration : 2.67 Years
B: I-Sec Composite Index 10.63% 10.76% 9.98% 9.39% 8.96% 8.41%
Average Maturity : 3.30 Years
Gross Yield to Maturity (For Debt Component) Total Value of AB: Crisil 10 Yr Gilt Index 126,013 415,667 738,696 1,094,344 1,718,989 2,468,321
i. Including NCA* : 6.73% AB: Crisil 10 Yr Gilt Index 9.46% 9.58% 8.26% 7.44% 6.99% 6.51%
ii. Excluding NCA* : 6.83%
*NCA - Net Current Assets
(Inception date: 03-Apr-2003) (First Installment date: 01-May-2003)
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
Risk-free rate based on the FBIL Overnight MIBOR rate of
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
6.59% as on Jul 29, 2016
every month has been considered.
For calculation methodology please refer to Pg 49
For scheme performance refer pages 37 - 46.
MINIMUM INVESTMENT / *B: Benchmark, AB: Additional Benchmark
MULTIPLES FOR NEW INVESTMENT Source: MFI Explorer
Rs. 5,000/- and in multiples of Re. 1/- thereafter.
Composition by Ratings Instrument Wise Composition
ADDITIONAL INVESTMENT/
MULTIPLES FOR EXISTING INVESTORS 16.13% 16.13%
Rs. 1,000/- and multiples of Re. 1/- thereafter.

LOAD STRUCTURE SOV


Government Securities
ENTRY LOAD : Not Applicable

EXIT LOAD : Nil Cash & Cash Equivalents


Cash & Cash Equivalents

83.87% 83.87%

Maturity Ladder NAV Movement


Cash & Others 1.51% Tata G S S M F - Reg I-Sec Composite Index
140
Abv 10 Yrs 0.00%
130
7 - 10 Yrs 18.77%
120
3 - 7 Yrs 37.64%
110
1 - 3 Yrs 18.60%
100
0 - 1 Yrs 23.48%
90
0.00% 10.00% 20.00% 30.00% 40.00% Jul-13 Jul-14 Jul-15 Jul-16

www.tatamutualfund.com TATA MUTUAL FUND 32


Tata Retirement Savings Fund - Progressive
(An Open-Ended Equity Scheme)

As on 31st July 2016 PORTFOLIO


INVESTMENT STYLE
Company name No. of Market Value % of Company name No. of Market Value % of
Shares Rs. Lakhs Assets Shares Rs. Lakhs Assets
A Fund that aims to provide an investment tool for
retirement planning to suit the risk profile of the investor. Equity & Equity Related Total 13067.41 87.76 Industrial Products
INVESTMENT OBJECTIVE Auto Finolex Cables Ltd. 129000 508.32 3.41
To provide a financial planning tool for long term Eicher Motors Ltd. 825 185.34 1.24 Astral Poly Technik Ltd. 49000 248.68 1.67
financial security for investors based on their retirement Mahindra & Mahindra Ltd. 10815 158.65 1.07 Fag Bearings Ltd. 4000 163.20 1.10
planning goals. However, there can be no assurance Auto Ancillaries Media & Entertainment
that the investment objective of the fund will be realized, Motherson Sumi Systems Ltd. 92000 304.01 2.04 Inox Leisure Ltd. 75000 184.50 1.24
as actual market movements may be at variance with
anticipated trends. WABCO India Ltd. 2500 158.94 1.07 Pharmaceuticals
Banks Sun Pharmaceutical Industries Ltd. 43500 360.94 2.42
DATE OF ALLOTMENT
HDFC Bank Ltd. 69000 860.12 5.78 Divis Laboratories Ltd. 20000 239.94 1.61
November 1, 2011 Yes Bank Ltd. 68500 833.78 5.60 Torrent Pharmaceuticals Ltd. 16000 230.66 1.55
FUND MANAGER Kotak Mahindra Bank Ltd. 48000 365.69 2.46 Sequent Scientific Ltd. 124610 160.44 1.08
Sonam Udasi (Managing Since Apr - 16 and overall DCB Bank Ltd. 215000 238.65 1.60 Lupin Ltd. 9200 160.15 1.08
experience of 18 years) (Equity) & Akhil Mittal
Cement Power
(Managing Since Jul-15 and overall experience of 14
years) (Debt) Grasim Industries Ltd. 7026 343.31 2.31 Power Grid Corporation Of India Ltd. 108000 189.97 1.28
Shree Cement Ltd. 2000 322.20 2.16 Services
BENCHMARK Chemicals Aditya Birla Nuvo Ltd. 16500 233.60 1.57
S&P BSE Sensex Navin Fluorine International Ltd. 9810 228.15 1.53 Software
NAV Construction Infosys Ltd. 29560 317.46 2.13
Direct - Growth : 22.49 Kajaria Ceramics Ltd. 23700 300.84 2.02 Tata Consultancy Services Ltd. 10915 285.81 1.92
Reg - Growth : 21.16 Construction Project HCL Technologies Ltd. 31300 235.53 1.58
FUND SIZE Sadbhav Engineering Ltd. 80000 229.12 1.54 Textile Products
Rs.148.89 (Rs. in Cr.) Consumer Durables Raymond Ltd. 58000 266.10 1.79
Century Plyboards (India) Ltd. 205000 482.16 3.24 Transportation
MONTHLY AVERAGE AUM
Consumer Non Durables Container Corporation Of India Ltd. 19000 285.00 1.91
Rs. 142.55 (Rs. in Cr.) ITC Ltd. 344500 869.69 5.84
TURN OVER United Breweries Ltd. 48000 389.95 2.62 Other Equities^ 1581.30 10.62
Portfolio Turnover (Total) 59.43% Marico Ltd. 76500 217.37 1.46 CBLO 284.86 1.91
Portfolio Turnover (Equity component only) 59.43% Asian Paints (India) Ltd. 14000 156.06 1.05 Portfolio Total 14933.57 100.30
EXPENSE RATIO** Berger Paints India Ltd. 64400 153.08 1.03 Net Current Liabilities -44.45 -0.30
Direct 1.56 Finance Net Assets 14889.12 100.00
Regular 3.05 Max Financial Services Ltd. 94000 545.11 3.66
^ Exposure less than 1% has been clubbed under Other Equities
**Note: The rates specified are the actual weighted average expenses Muthoot Finance Ltd. 127000 418.91 2.81
charged for the month of Jul 2016. The above ratio includes the Bajaj Finserv Ltd. 13500 367.15 2.47
Service tax on Investment Management Fees. The above ratio
Housing Development Finance Ltd. 18805 258.45 1.74
includes, proportionate charge (out of maximum 30 bps on daily
average net assets allowed) in respect sales beyond T-15 cities Sundaram Finance Ltd. 12150 181.28 1.22
assets, wherever applicable. Multi Commodity Exchange Of Ind Ltd. 15000 157.74 1.06
VOLATILITY MEASURES FUND BENCHMARK Gas
Gail ( India ) Ltd. 71000 271.36 1.82
Std. Dev (Annualised) 16.59 14.80
Sharpe Ratio 0.28 0.14 SIP - If you had invested INR 10000 every month
Portfolio Beta 1.02 1.00
1 Year 3 Year 5 Year 7 Year 10 Year Since Inception
R Squared 0.83 1.00
Total Amount Invested (Rs.) 120,000 360,000 NA NA NA 550,000
Treynor 1.30 0.60
Total Value as on Jun 30, 2016 (Rs.) 128,551 464,063 NA NA NA 806,744
Jenson 0.72 NA
Risk-free rate based on the FBIL Overnight MIBOR rate of Returns 13.51% 17.23% NA NA NA 16.81%
6.59% as on Jul 29, 2016 Total Value of B: S&P BSE Sensex 124,455 397,911 NA NA NA 683,487
For calculation methodology please refer to Pg 49 B: S&P BSE Sensex 6.97% 6.62% NA NA NA 9.44%
(Inception date: 01-Nov-2011) (First Installment date: 01-Dec-2011)
MINIMUM INVESTMENT/
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
MULTIPLES FOR NEW INVESTMENT
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.
Rs. 5,000/- and in multiples of Re. 1/- thereafter. For scheme performance refer pages 37 - 46.
*B: Benchmark
ADDITIONAL INVESTMENT/
Source: MFI Explorer
MULTIPLES FOR EXISTING INVESTORS
Rs. 1,000/- and in multiples of Re. 1/- thereafter.
Top 10 Holdings Equity Sector Allocation
LOAD STRUCTURE
Issuer Name % to NAV Banks 15.44%
Entry Load : Not Applicable Finance 12.95%
ITC Ltd. 5.84 Consumer Non Durables 12.93%
Exit Load : (A) If redeemed/switched-out on or after Pharmaceuticals 7.74%
HDFC Bank Ltd. 5.78 Cement 7.26%
attainment of retirement age i.e. 60 years of age - Industrial Products 7.07%
Nil. (B) In case of Auto switch-out of units on Yes Bank Ltd. 5.60 Software 5.63%
Consumer Durables 3.88%
occurrence of Auto-switch trigger event - Nil. (C) Max Financial Services Ltd. 3.66 Auto 3.25%
For Redemption or switch-out of units in other Construction Project 3.15%
Finolex Cables Ltd. 3.41 Auto Ancillaries 3.11%
cases (i.e. switch out other than auto switch-out Media & Entertainment 2.21%
on trigger event & redemption/ switch-out before Century Plyboards (india) Ltd. 3.24 Construction 2.02%
Transportation 1.91%
the attainment of retirement age i.e. 60years) Muthoot Finance Ltd. 2.81 Gas 1.82%
following exit load will be applicable:(i) If redeemed Textile Products 1.79%
United Breweries Ltd. 2.62 Services 1.57%
/ Switched out on or before expiry of 3 Years from Chemicals 1.53%
the date of allotment - 3% of the applicable NAV. Bajaj Finserv Ltd. 2.47 Power 1.28%
Minerals/mining 0.97%
(ii)If redeemed / Switched out after 3 Years from Kotak Mahindra Bank 2.46 Hotels, Resort And Other Recreational 0.87%
the date of allotment - 1 % of the applicable NAV. Total 37.89 0.00% 5.00% 10.00% 15.00% 20.00%

Market Capitalisation wise Exposure NAV Movement


Large Cap 62.45% Tata Retirement Savings Fund - Progressive Plan - Reg
S&P BSE Sensex
Mid Cap 34.01% 190
Small Cap 3.54% 170
150
Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are top 130
125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 126 110
to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For calculation 90
purpose, the previous month market capitalisation data have been used. All the figures has been rebased
to 100 (Based on internal calculation). Jul-13 Jul-14 Jul-15 Jul-16

www.tatamutualfund.com TATA MUTUAL FUND 33


Tata Retirement Savings Fund - Moderate
(An Open-Ended Equity Scheme)

As on 31st July 2016 PORTFOLIO


INVESTMENT STYLE Company name No. of Market Value % of Company name No. of Market Value % of
A Fund that aims to provide an investment tool for Shares Rs. Lakhs Assets Shares Rs. Lakhs Assets
retirement planning to suit the risk profile of the investor.
Equity & Equity Related Total 3683.19 63.35 Industrial Products
INVESTMENT OBJECTIVE Auto Finolex Cables Ltd. 42500 167.47 2.88
To provide a financial planning tool for long term Eicher Motors Ltd. 64.03 1.10 Timken India Ltd. 12000 72.05
285 1.24
financial security for investors based on their retirement
planning goals. However, there can be no assurance Auto Ancillaries Pharmaceuticals
that the investment objective of the fund will be realized, Motherson Sumi Systems Ltd. 35000 115.66 1.99 Sun Pharmaceutical Industries Ltd. 21450 177.98 3.06
as actual market movements may be at variance with
anticipated trends.
Banks Torrent Pharmaceuticals Ltd. 4800 69.20 1.19
Yes Bank Ltd. 22000 267.78 4.61 Pesticides
DATE OF ALLOTMENT
HDFC Bank Ltd. 19850 247.44 4.26 Bayer Cropscience Ltd. 1500 59.89 1.03
November 1, 2011
Kotak Mahindra Bank Ltd. 15200 115.80 1.99 Power
FUND MANAGER
DCB Bank Ltd. 67400 74.81 1.29 Power Grid Corporation Of India Ltd. 52000 91.47 1.57
Sonam Udasi (Managing Since Apr - 16 and overall
experience of 18 years) (Equity) & Akhil Mittal Cement Services
(Managing Since Jul-15 and overall experience of 14 Grasim Industries Ltd. 2340 114.34 1.97 Aditya Birla Nuvo Ltd. 5000 70.79 1.22
years) (Debt)
The Ramco Cements Ltd. 16000 87.51 1.51 Software
BENCHMARK Shree Cement Ltd. 500 80.55 1.39 Infosys Ltd. 9900 106.32 1.83
CRISIL Balanced Fund - Aggressive Index Ultratech Cement Ltd. 2000 74.12 1.27 Tata Consultancy Services Ltd. 3330 87.20 1.50
NAV Construction HCL Technologies Ltd. 9500 71.49 1.23
Direct - Growth : 23.70
Kajaria Ceramics Ltd. 5000 63.47 1.09 Textile Products
Reg - Growth : 22.52
Cera Sanitaryware Ltd. 2500 58.99 1.01 Raymond Ltd. 18700 85.80 1.48
FUND SIZE
Consumer Durables Transportation
Rs. 58.14 (Rs. in Cr.)
Century Plyboards (India) Ltd. 68000 159.94 2.75 Container Corporation Of India Ltd. 6000 90.00 1.55
MONTHLY AVERAGE AUM Consumer Non Durables Other Equities^ 901.91 15.51
Rs. 55.75 (Rs. in Cr.) ITC Ltd. 114000 287.79 4.95 Company name Ratings Market Value % of
TURN OVER United Breweries Ltd. 15000 121.86 2.10 Rs. Lakhs Assets
Portfolio Turnover (Total) 41.09% Marico Ltd. 25500 72.46 1.25 Debt Instruments
Portfolio Turnover (Equity component only) 41.09% Government Securities 534.65 9.20
Finance
EXPENSE RATIO** Max Financial Services Ltd. 31000 179.77 3.09 GOI - 8.40% (28/07/2024) SOV 534.65 9.20
Direct 1.82 Muthoot Finance Ltd. 42000 138.54 2.38
Regular 3.18
Bajaj Finserv Ltd. 4300 116.94 2.01 CBLO 629.70 10.83
**Note: The rates specified are the actual weighted average
expenses charged for the month of Jul 2016. The above Gas Portfolio Total 5749.45 98.89
ratio includes the Service tax on Investment Management Gail ( India ) Ltd. 24000 91.73 1.58 Cash / Net Current Asset 64.11 1.11
Fees .The above ratio includes, proportionate charge (out Net Assets 5813.56 100.00
of maximum 30 bps on daily average net assets allowed)
in respect sales beyond T-15 cities assets, wherever ^ Exposure less than 1% has been clubbed under Other Equities
applicable.
VOLATILITY MEASURES FUND BENCHMARK
Std. Dev (Annualised) 13.62 10.58 SIP - If you had invested INR 10000 every month
Sharpe Ratio 0.37 0.14 1 Year 3 Year 5 Year 7 Year 10 Year Since Inception
Portfolio Beta 1.07 1.00
R Squared 0.83 1.00 Total Amount Invested (Rs.) 120,000 360,000 NA NA NA 550,000
Treynor 1.33 0.42 Total Value as on Jun 30, 2016 (Rs.) 127,707 477,866 NA NA NA 846,320
Jenson 0.97 NA Returns 12.15% 19.31% NA NA NA 18.97%
Risk-free rate based on the FBIL Overnight MIBOR rate of
Total Value of B: CRISIL Balanced Fund - Aggressive Index 125,965 412,549 NA NA NA 695,758
6.59% as on Jul 29, 2016
B: CRISIL Balanced Fund - Aggressive Index 9.37% 9.06% NA NA NA 10.22%
For calculation methodology please refer to Pg 49
(Inception date: 01-Nov-2011) (First Installment date: 01-Dec-2011)
MINIMUM INVESTMENT/
MULTIPLES FOR NEW INVESTMENT 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 not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered.
Rs. 5,000/- and in multiples of Re. 1/- thereafter.
For scheme performance refer pages 37 - 46.
ADDITIONAL INVESTMENT/ *B: 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 Banks 12.14%
Consumer Non Durables 11.12%
Exit Load : (A) If redeemed/switched-out on or after ITC Ltd. 4.95 Finance 9.45%
Cement 7.33%
attainment of retirement age i.e. 60 years of age - Yes Bank Ltd. 4.61 Industrial Products 5.80%
Pharmaceuticals 5.65%
Nil. (B) In case of Auto switch-out of units on HDFC Bank Ltd. 4.26 Software 4.56%
occurrence of Auto-switch trigger event - Nil. (C) Consumer Durables 3.48%
For Redemption or switch-out of units in other Max Financial Services Ltd. 3.09 Auto Ancillaries 2.65%
Construction 2.11%
cases (i.e. switch out other than auto switch-out Sun Pharmaceutical Industries Ltd. 3.06 Auto 1.89%
Construction Project 1.84%
on trigger event & redemption/ switch-out before Finolex Cables Ltd. 2.88 Gas 1.58%
the attainment of retirement age i.e. 60 years) Power 1.57%
following exit load will be applicable: (i) If Century Plyboards (india) Ltd. 2.75 Transportation
Textile Products
1.55%
1.48%
redeemed / Switched out on or before expiry of 3 Muthoot Finance Ltd. 2.38 Services
Pesticides
1.22%
1.03%
Years from the date of allotment - 3% of the United Breweries Ltd. 2.10 Minerals/mining
Media & Entertainment
0.85%
0.81%
applicable NAV. (ii)If redeemed / Switched out after
3 Years from the date of allotment - 1% of the Bajaj Finserv Ltd. 2.01 Hotels, Resort And Other Recreational Activities 0.78%
applicable NAV. Total 32.09 0.00% 5.00% 10.00% 15.00%

Market Capitalisation wise Exposure NAV Movement


Large Cap 63.32% Tata Retirement Savings Fund - Moderate Plan - Reg
CRISIL Balanced Fund - Aggressive Index
Mid Cap 33.87% 200
Small Cap 2.81% 178
156
Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are top 134
125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 126 112
to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For calculation 90
purpose, the previous month market capitalisation data have been used. All the figures has been rebased
to 100 (Based on internal calculation). Jul-13 Jul-14 Jul-15 Jul-16

www.tatamutualfund.com TATA MUTUAL FUND 34


Tata Retirement Savings Fund - Conservative
(An Open-Ended Debt Scheme)

As on 31st July 2016 PORTFOLIO


INVESTMENT STYLE Company name No. of Market Value % of Name of the Instrument Ratings Market Value % of
A Fund that aims to provide an investment tool for Shares Rs. Lakhs Assets Rs. Lakhs Assets
retirement planning to suit the risk profile of the investor. Equity & Equity Related Total 747.55 8.96 Debt Instruments
INVESTMENT OBJECTIVE Banks Government Securities 4389.37 52.60
To provide a financial planning tool for long term HDFC Bank Ltd. 15360 191.47 2.29 GOI - 8.24% 15/02/2027 SOV 1649.20 19.76
financial security for investors based on their retirement Yes Bank Ltd. 126.59 1.52 GOI - 8.60% (02/06/2028) SOV 547.25 6.56
10400
planning goals. However, there can be no assurance
that the investment objective of the fund will be realized, Consumer Durables GOI - 8.40% (28/07/2024) SOV 534.65 6.41
as actual market movements may be at variance with Century Plyboards (India) Ltd. 37000 87.02 1.04 GOI - 7.68% (15/12/2023). SOV 514.70 6.17
anticipated trends.
Consumer Non Durables GOI - 7.35% (22/06/2024) SOV 505.20 6.05
DATE OF ALLOTMENT ITC Ltd. 150.71 1.81 366.12
59700 SDL Maharashtra 8.44% (26/11/2024) SOV 4.39
November 01, 2011
Finance GOI - 8.13% (22/06/2045) SOV 272.25 3.26
FUND MANAGER Max Financial Services Ltd. 17100 99.16 1.19 Non-Convertible Debentures/Bonds 1033.89 12.39
Sonam Udasi (Managing Since Apr - 16 and overall Industrial Products 09.95 % Food Corporation CRISIL- AAA(SO) 549.58 6.59
experience of 18 years) (Equity) & Akhil Mittal
(Managing Since Jul-15 and overall experience of 14 Finolex Cables Ltd. 23500 92.60 1.11 Of India Ltd.
years) (Debt) Other Equities^ 1787.54 21.42 11.25 % Power Finance CRISIL- AAA 484.31 5.80
BENCHMARK Corporation
Crisil MIP Blended Index
NAV CBLO 253.88 3.04
Direct - Growth : 17.16 Portfolio Total 8212.23 98.41
Reg - Growth : 16.44 Cash / Net Current Asset 132.71 1.59
FUND SIZE Net Assets 8344.94 100.00
Rs. 83.45 (Rs. in Cr.) ^ Exposure less than 1% has been clubbed under Other Equities
MONTHLY AVERAGE AUM
Rs. 82.7 (Rs. in Cr.)
EXPENSE RATIO**
Direct 0.91
Regular 2.30
**Note: The rates specified are the actual weighted average expenses
charged for the month of Jul 2016. The above ratio includes the
Service tax on Investment Management Fees .The above ratio includes,
proportionate charge (out of maximum 30 bps on daily average net
assets allowed) in respect sales beyond T-15 cities assets, wherever
applicable. SIP - If you had invested INR 10000 every month
VOLATILITY MEASURES FUND BENCHMARK 1 Year 3 Year 5 Year 7 Year 10 Year Since Inception
Std. Dev (Annualised) 5.72 4.05 Total Amount Invested (Rs.) 120,000 360,000 NA NA NA 550,000
Sharpe Ratio 0.31 0.31
Portfolio Beta 1.29 1.00 Total Value as on Jun 30, 2016 (Rs.) 126,330 423,591 NA NA NA 704,611
R Squared 0.77 1.00 Returns 9.97% 10.87% NA NA NA 10.79%
Treynor 0.40 0.36
Jenson 0.04 NA Total Value of B: Crisil MIP Blended Index 126,144 418,826 NA NA NA 688,286
Modified Duration : 5.67 Years B: Crisil MIP Blended Index 9.67% 10.10% NA NA NA 9.75%
Average Maturity : 8.79 Years Total Value of AB: Crisil 10 Yr Gilt Index 126,013 415,667 NA 666,770
NA NA
Gross Yield to Maturity (For Debt Component)
AB: Crisil 10 Yr Gilt Index 9.46% 9.58% NA NA NA 8.36%
i. Including NCA* : 7.15%
ii. Excluding NCA* : 7.31% (Inception date: 01-Nov-2011) (First Installment date: 01-Dec-2011)
*NCA - Net Current Assets
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
Risk-free rate based on the FBIL Overnight MIBOR rate of
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
6.59% as on Jul 29, 2016
has been considered.
For calculation methodology please refer to Pg 49 For scheme performance refer pages 37 - 46
MINIMUM INVESTMENT/ *B: Benchmark, AB: Additional Benchmark
MULTIPLES FOR NEW INVESTMENT Source: MFI Explorer
Rs. 5,000/- and in multiples of Re. 1/- thereafter.
ADDITIONAL INVESTMENT/
MULTIPLES FOR EXISTING INVESTORS Top 10 Holdings Equity Sector Allocation
Rs. 1,000/- and multiples of Re. 1/- thereafter. Issuer Name % to NAV Banks 5.02%
HDFC Bank Ltd. 2.29 Finance
Consumer Non Durables
3.41%
2.97%
LOAD STRUCTURE ITC Ltd. 1.81 Cement 2.95%
Pharmaceuticals 2.61%
Entry Load : Not Applicable Yes Bank Ltd. 1.52 Industrial Products 2.08%
Software 1.70%
Consumer Durables 1.31%
Max Financial Services Ltd. 1.19 Auto Ancillaries 1.12%
Exit Load : (A) For Redemption or switch out of units before Pesticides 0.96%
the attainment of retirement i.e. 60 years: (i) If Finolex Cables Ltd. 1.11 Power 0.88%
Auto 0.83%
redeemed on or before expiry of 3 years from the Century Plyboards (india) Ltd. 1.04 Construction 0.82%
date of allotment - 3%. (ii) If redeemed after 3 years Construction Project 0.74%
Bayer Cropscience Ltd. 0.96 Gas 0.60%
from the date of allotment - 1%. (B) For Services 0.59%
Redemption or switch out of units on or after Muthoot Finance Ltd. 0.93 Textile Products 0.56%
Transportation 0.31%
attainment of retirement age i.e. 60 years: NIL (C) Shree Cement Ltd. 0.89 Minerals/mining 0.31%
In case of Auto switch-out of units on occurrence Hotels, Resort And Other Recreational Activities 0.31%
Power Grid Corporation Of India Ltd. 0.88 Media & Entertainment 0.30%
of Auto-switch trigger event : NIL.
Total 12.62 0.00% 5.00% 10.00%

Market Capitalisation wise Exposure NAV Movement


Large Cap 65.00% Tata Retirement Savings Fund - Reg - Conservative Plan
150 Crisil MIP Blended Index
Mid Cap 33.12%
138
Small Cap 1.88%
126
114
Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are
top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 102
126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For 90
calculation purpose, the previous month market capitalisation data have been used. All the figures has Jul-13 Jul-14 Jul-15 Jul-16
been rebased to 100 (Based on internal calculation).

www.tatamutualfund.com TATA MUTUAL FUND 35


Tata Young Citizens Fund
(An Open-Ended Balanced Scheme)

As on 31st July 2016 PORTFOLIO


INVESTMENT STYLE Company name No. of Shares Market Value % of Company name No. of Shares Market Value % of
A balanced scheme that aims to invest its debt portion in Rs. Lakhs Assets Rs. Lakhs Assets
quality debt papers / government securities of long term Equity & Equity Related Total 9609.20 45.57 Software
maturity. While equity portfolio invests in high quality
companies to create long term wealth for the investor. Auto Ancillaries HCL Technologies Ltd. 54000 406.35 1.93
INVESTMENT OBJECTIVE WABCO India Ltd. 11500 731.13 3.47 Tata Consultancy Services Ltd. 11000 288.04 1.37
To provide long term capital growth along with steady Banks Textile Products
capital appreciation to its unitholders, while at all times HDFC Bank Ltd. 62100 774.11 3.67 Raymond Ltd. 55000 252.34 1.20
emphasising the importance of capital preservation.
Yes Bank Ltd. 36000 438.19 2.08 Page Industries Ltd. 1750 250.56 1.19
DATE OF ALLOTMENT
Cement Transportation
October 14, 1995
Grasim Industries Ltd. 8500 415.33 1.97 Container Corporation Of India Ltd. 32000 480.00 2.28
FUND MANAGER Construction Other Equities^ 1109.59 5.26
Akhil Mittal (Managing Since Jul-15 and overall experience
Kajaria Ceramics Ltd. 30000 380.81 1.81 Name of the Instrument Ratings Market Value % to
of 14 years) (Debt) & Sonam Udasi (Managing Since Apr -
16 and overall experience of 18 years) (Equity) Construction Project Rs. Lakhs NAV
BENCHMARK Sadbhav Engineering Ltd. 120000 343.68 1.63 Debt Instruments
CRISIL Balanced Fund - Aggressive Index Consumer Non Durables Government Securities 7188.99 34.09
NAV ITC Ltd. 128250 323.77 1.54 GOI - 7.68% (15/12/2023) SOV 2264.68 10.74
Direct : 23.24 Asian Paints (India) Ltd. 29000 323.26 1.53 GOI - 8.28% (21/09/2027) SOV 1601.70 7.60
Reg : 22.41 GOI - 7.35% (22/06/2024) SOV 1515.60 7.19
Finance
FUND SIZE Bajaj Finserv Ltd. 22500 611.91 2.90 GOI - 8.24% (15/02/2027) SOV 957.60 4.54
Rs. 210.87 (Rs. in Cr.) Housing Development Finance Ltd. 30000 412.31 1.96 GOI - 8.15% (24/11/2026) SOV 529.70 2.51
MONTHLY AVERAGE AUM Multi Commodity Exchange Of Ind Ltd. 28000 294.45 1.40 GOI - 8.13% (22/06/2045) SOV 163.35 0.77
Rs. 206.94 (Rs. in Cr.) Gas GOI - 8.27% (09/06/2020) SOV 156.36 0.74
TURN OVER Gail ( India ) Ltd. 65000 248.43 1.18 Non-Convertible Debentures/Bonds 2291.01 10.86
Portfolio Turnover (Total) 117.74% Hotels, Resort And Other Equities^ Recreational Activities 09.25 % Reliance Jio Infocomm Ltd. CRISIL- AAA 1048.74 4.97
Portfolio Turnover (Equity component only) 21.32% Wonderla Holidays Ltd. 369.00 1.75 09.20 % State Bank Of Travancore ICRA- AAA 560.25 2.66
90000
EXPENSE RATIO** Industrial Products 08.87 % EXIM CRISIL- AAA 529.04 2.51
Direct 1.52 Finolex Industries Ltd. 564.36 2.68 08.49 % NHPC Ltd. ICRA- AAA 102.28 0.49
120000
Regular 2.72
**Note: The rates specified are the actual weighted average expenses Finolex Cables Ltd. 135000 531.97 2.52 09.67 % Rural Electrification Corp. Ltd. ICRA- AAA 50.70 0.24
charged for the month of Jul 2016 . The above ratio includes the Astral Poly Technik Ltd. 87500 444.06 2.11
Service tax on Investment Management Fees .The above ratio includes,
proportionate charge (out of maximum 30 bps on daily average net Pharmaceuticals CBLO 704.66 3.34
assets allowed) in respect sales beyond T-15 cities assets, wherever
applicable. Sun Pharmaceutical Industries Ltd. 30000 248.93 1.18 Portfolio Total 20903.45 99.13
VOLATILITY MEASURES FUND BENCHMARK Lupin Ltd. 14000 243.71 1.16 Cash / Net Current Asset 183.48 0.87
Std. Dev (Annualised) 8.40 10.58 Strides Shasun Ltd. 20000 232.50 1.10 Net Assets 21086.93 100.00
Sharpe Ratio 0.28 0.14 ^ Exposure less than 1% has been clubbed under Other Equities
Portfolio Beta 0.67 1.00
R Squared 0.84 1.00
Treynor 1.00 0.42
Jenson 0.39 NA SIP - If you had invested INR 10000 every month
Modified Duration : 5.25 Years
Average Maturity : 7.70 Years 1 Year 3 Year 5 Year 7 Year 10 Year Since Inception
Gross Yield to Maturity (For Debt Component) Total Amount Invested (Rs.) 120,000 360,000 600,000 840,000 1,200,000 2,450,000
i. Including NCA* : 7.16% Total Value as on Jun 30, 2016 (Rs.) 124,070 425,087 805,412 1,235,365 2,077,338 10,898,293
ii. Excluding NCA* : 7.29%
*NCA - Net Current Assets
Returns 6.37% 11.11% 11.73% 10.84% 10.58% 12.94%
Risk-free rate based on the FBIL Overnight MIBOR rate of 6.59% as Total Value of B: CRISIL Balanced Fund - Aggressive Index 125,965 412,549 774,900 1,163,295 1,930,164 7,985,461
on Jul 29, 2016 B: CRISIL Balanced Fund - Aggressive Index 9.37% 9.06% 10.18% 9.15% 9.19% 10.42%
For calculation methodology please refer to Pg 49 (Inception date: 14-Oct-1995) (First Installment date: 01-Feb-1996)
MINIMUM INVESTMENT/ 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
MUL TIPLES FOR NEW INVESTMENT 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.
Rs. 500/- and in multiples of Rs. 500/- thereafter. For scheme performance refer pages 37 - 46.
ADDITIONAL INVESTMENT/ *B: Benchmark
MUL TIPLES FOR EXISTING INVESTORS Source: MFI Explorer
Rs. 500/- and in multiples of Rs. 500/- thereafter.
LOAD STRUCTURE Top 10 Holdings Equity Sector Allocation
Entry Load : Not Applicable Issuer Name % to NAV
Industrial Products 7.30%
HDFC Bank Ltd. 3.67 Finance 6.97%
Exit Load : Compulsory Lock-in Option: 3% if redeemed on or
before expiry of 3 years from the date of allotment. WABCO India Ltd. 3.47 Consumer Non Durables 6.40%
Banks 5.75%
(This load will be applicable when the lock-in
period expires before 3 years from the date of
Bajaj Finserv Ltd. 2.90 Auto Ancillaries 4.03%
allotment). Anytime Exit Option: If child attains Finolex Industries Ltd. 2.68 Pharmaceuticals 3.44%
majority after 7 years from the date of allotment: If Software 3.29%
redeemed on or before expiry of 3 years from the Finolex Cables Ltd. 2.52 Textile Products 2.38%
date of allotment: 3% If redeemed after 3 years but Container Corporation Of India Ltd. 2.28 Transportation 2.28%
on or before 7 years from the date of allotment: 2% Cement 1.97%
If redeemed after 7 years but before child attains Astral Poly Technik Ltd. 2.11 Construction 1.81%
majority: 1% No load after the child attains majority Hotels, Resort And Other Recreational 1.75%
If child attains majority before 7 years from the
Yes Bank Ltd. 2.08 Construction Project 1.63%
date of allotment: If redeemed on or before expiry Grasim Industries Ltd. 1.97 Gas 1.18%
of 3 years from the date of allotment: 3% If Consumer Durables 0.66%
redeemed after 3 years but on or before 7 years HDFC Ltd. 1.96
from the date of allotment: 2% If redeemed after 7 Total 25.64 0.00% 5.00% 10.00%
years: Nil.

Market Capitalisation wise Exposure NAV Movement


Large Cap 55.23% Tata Young Citizens Fund - Reg
Mid Cap 43.47% 160 CRISIL Balanced Fund - Aggressive Index
146
Small Cap 1.30%
132
118
Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are
top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 104
126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For 90
calculation purpose, the previous month market capitalisation data have been used. All the figures has Jul-13 Jul-14 Jul-15 Jul-16
been rebased to 100 (Based on internal calculation).

www.tatamutualfund.com TATA MUTUAL FUND 36


SCHEME PERFORMANCE
Tata Large Cap Fund (TPEF) - Regular - Growth Tata Ethical Fund (TEF) - Regular - Growth
NAV as at Jun 30, 2016: (Rs.) 166.47 NAV as at Jun 30, 2016: (Rs.) 129.44
Fund Manager: Pradeep Gokhale Fund Manager: Pradeep Gokhale
NAV Per Unit Fund S&P BSE NAV Per Fund NIFTY 500 NIFTY
(Rs.) SENSEX Unit (Rs.) Shariah 50
Discrete 12 months performance Discrete 12 months performance
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 164.06 1.47% -2.81% Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 129.10 0.26% 1.39% -0.96%
Jun 30, 2014 to Jun 30, 2015 140.88 16.45% 9.31% Jun 30, 2014 to Jun 30, 2015 103.52 24.71% 18.59% 9.95%
Jun 30, 2013 to Jun 30, 2014 106.00 32.91% 31.03% Jun 30, 2013 to Jun 30, 2014 73.95 39.99% 36.75% 30.28%
Compounded Annualised Growth Rate Performance Compounded Annualised Growth Rate Performance
Last 2 years (June 30, 2014 to June 30, 2016) 140.88 8.69% 3.07% Last 2 years (June 30, 2014 to June 30, 2016) 103.52 11.81% 9.64% 4.34%
Last 3 years (June 30, 2013 to June 30, 2016) 106.00 16.19% 11.62% Last 3 years (June 30, 2013 to June 30, 2016) 73.95 20.46% 17.98% 12.33%
Last 5 years (June 30, 2011 to June 30, 2016) 97.22 11.34% 7.45% Last 5 years (June 30, 2011 to June 30, 2016) 65.78 14.48% 11.18% 7.96%
Last 10 years (June 30, 2006 to June 30, 2016) 49.10 12.98% 9.78% Last 10 years (June 30, 2006 to June 30, 2016) 35.77 13.71% NA 10.22%
Last 15 years (June 30, 2001 to June 30, 2016) 9.97 20.62% 14.67% Last 15 years (June 30, 2001 to June 30, 2016) 6.79 21.70% NA 14.34%
Since inception till Jun 30, 2016 10 21.91% 10.98% Since inception till Jun 30, 2016 10 16.87% NA 10.64%
Current Value of Standard Investment of Rs. 10000 Current Value of Standard Investment of Rs. 10000
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,147 9,719 Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,026 10,139 9,904
Jun 30, 2014 to Jun 30, 2015 11,645 10,931 Jun 30, 2014 to Jun 30, 2015 12,471 11,859 10,995
Jun 30, 2013 to Jun 30, 2014 13,291 13,103 Jun 30, 2013 to Jun 30, 2014 13,999 13,675 13,028
Last 2 years 11,816 10,624 Last 2 years 12,505 12,024 10,888
Last 3 years 15,692 13,911 Last 3 years 17,488 16,429 14,178
Last 5 years 17,120 14,329 Last 5 years 19,678 16,998 14,672
Last 10 years 33,920 25,443 Last 10 years 36,178 NA 26,482
Last 15 years 166,796 78,055 Last 15 years 190,676 NA 74,750
Since inception ( 7 . 5 . 1998 ) 365,268 66,331 Since inception ( 24 . 5 . 1996 ) 230,067 NA 76,436

Tata Equity Opportunities Fund (TEOF) - Regular - Growth Tata Equity P/E Fund (TEPEF) - Regular - Growth
NAV as at Jun 30, 2016: (Rs.) 154.91 NAV as at Jun 30, 2016: (Rs.) 93.29
Fund Manager: Rupesh Patel & Pradeep Gokhale Fund Manager: Sonam Udasi
S&P NAV Per Unit Fund S&P BSE
NAV Per Fund S&P BSE BSE (Rs.) SENSEX
Unit (Rs.) 200 SENSEX
Discrete 12 months performance
Discrete 12 months performance Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 86.89 7.36% -2.81%
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 147.59 4.96% 0.41% -2.81% Jun 30, 2014 to Jun 30, 2015 74.28 16.97% 9.31%
Jun 30, 2014 to Jun 30, 2015 120.63 22.34% 12.01% 9.31% Jun 30, 2013 to Jun 30, 2014 43.98 68.91% 31.03%
Jun 30, 2013 to Jun 30, 2014 86.64 39.24% 34.45% 31.03% Compounded Annualised Growth Rate Performance
Compounded Annualised Growth Rate Performance Last 2 years (June 30, 2014 to June 30, 2016) 74.28 12.05% 3.07%
Last 2 years (June 30, 2014 to June 30, 2016) 120.63 13.30% 6.04% 3.07% Last 3 years (June 30, 2013 to June 30, 2016) 43.98 28.40% 11.62%
Last 3 years (June 30, 2013 to June 30, 2016) 86.64 21.31% 14.73% 11.62% Last 5 years (June 30, 2011 to June 30, 2016) 46.82 14.76% 7.45%
Last 5 years (June 30, 2011 to June 30, 2016) 79.52 14.25% 8.70% 7.45% Last 10 years (June 30, 2006 to June 30, 2016) 19.66 16.83% 9.78%
Last 10 years (June 30, 2006 to June 30, 2016) 45.42 13.04% 10.69% 9.78% Last 15 years (June 30, 2001 to June 30, 2016) NA NA 14.67%
Last 15 years (June 30, 2001 to June 30, 2016) 8.49 21.33% 16.45% 14.67% Since inception till Jun 30, 2016 10 20.43% 15.38%
Since inception till Jun 30, 2016 10 12.45% 11.02% 10.19% Current Value of Standard Investment of Rs. 10000
Current Value of Standard Investment of Rs. 10000 Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,736 9,719
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,496 10,041 9,719 Jun 30, 2014 to Jun 30, 2015 11,697 10,931
Jun 30, 2014 to Jun 30, 2015 12,234 11,201 10,931 Jun 30, 2013 to Jun 30, 2014 16,891 13,103
Jun 30, 2013 to Jun 30, 2014 13,924 13,445 13,103 Last 2 years 12,559 10,624
Last 2 years 12,841 11,246 10,624 Last 3 years 21,183 13,911
Last 3 years 17,861 15,107 13,911 Last 5 years 19,920 14,329
Last 5 years 19,480 15,183 14,329 Last 10 years 47,435 25,443
Last 10 years 34,100 27,634 25,443 Last 15 years NA 78,055
Last 15 years 182,157 98,360 78,055 Since inception ( 29 . 6 . 2004 ) 93,262 55,751
Since inception ( 25 . 2 . 1993 ) 155,009 114,954 96,471

www.tatamutualfund.com TATA MUTUAL FUND 37


SCHEME PERFORMANCE
Tata Mid Cap Growth Fund (TMCGF) - Regular - Dividend Tata Infrastructure Fund (TISF) - Regular - Growth
NAV as at Jun 30, 2016: (Rs.) 33.42 NAV as at Jun 30, 2016: (Rs.) 44.14
Fund Manager: Rupesh Patel, Danesh Mistry Fund Manager: Rupesh Patel
NAV Per Fund Nifty NAV Per Fund NIFTY NIFTY
Unit (Rs.) Free Float NIFTY Unit (Rs.) 500 50
Midcap 100 50 Discrete 12 months performance
Discrete 12 months performance Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 42.99 2.66% 1.21% -0.96%
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 35.48 1.13% 6.20% -0.96% Jun 30, 2014 to Jun 30, 2015 36.44 17.99% 11.71% 9.95%
Jun 30, 2014 to Jun 30, 2015 28.41 35.62% 17.24% 9.95% Jun 30, 2013 to Jun 30, 2014 25.69 41.81% 36.87% 30.28%
Jun 30, 2013 to Jun 30, 2014 17.97 66.57% 51.13% 30.28% Compounded Annualised Growth Rate Performance
Compounded Annualised Growth Rate Performance Last 2 years (June 30, 2014 to June 30, 2016) 36.44 10.05% 6.32% 4.34%
Last 2 years (June 30, 2014 to June 30, 2016) 28.41 17.09% 11.57% 4.34% Last 3 years (June 30, 2013 to June 30, 2016) 25.69 19.70% 15.62% 12.33%
Last 3 years (June 30, 2013 to June 30, 2016) 17.97 31.61% 23.39% 12.33% Last 5 years (June 30, 2011 to June 30, 2016) 31.80 6.77% 9.06% 7.96%
Last 5 years (June 30, 2011 to June 30, 2016) 17.14 19.07% 11.61% 7.96% Last 10 years (June 30, 2006 to June 30, 2016) 17.68 9.57% 10.53% 10.22%
Last 10 years (June 30, 2006 to June 30, 2016) 22.92 15.80% 13.34% 10.22% Last 15 years (June 30, 2001 to June 30, 2016) NA NA 16.27% 14.34%
Last 15 years (June 30, 2001 to June 30, 2016) NA NA 20.89% 14.34% Since inception till Jun 30, 2016 10 13.78% 12.48% 12.77%
Since inception till Jun 30, 2016 10 12.11% NA 8.93% Current Value of Standard Investment of Rs. 10000
Current Value of Standard Investment of Rs. 10000 Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,266 10,121 9,904
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,113 10,620 9,904 Jun 30, 2014 to Jun 30, 2015 11,799 11,171 10,995
Jun 30, 2014 to Jun 30, 2015 13,562 11,724 10,995 Jun 30, 2013 to Jun 30, 2014 14,181 13,687 13,028
Jun 30, 2013 to Jun 30, 2014 16,657 15,113 13,028 Last 2 years 12,114 11,306 10,888
Last 2 years 13,716 12,452 10,888 Last 3 years 17,159 15,462 14,178
Last 3 years 22,813 18,797 14,178 Last 5 years 13,880 15,436 14,672
Last 5 years 23,957 17,329 14,672 Last 10 years 24,960 27,237 26,482
Last 10 years 43,412 35,017 26,482 Last 15 years NA 96,103 74,750
Last 15 years NA 172,489 74,750 Since inception ( 31 . 12 . 2004 ) 44,156 38,688 39,851
Since inception ( 1 . 7 . 1994 ) 123,839 NA 65,729

Tata Dividend Yield Fund (TDYF) - Regular - Growth Tata India Tax Savings Fund (TITSF) Regular - Dividend
NAV as at Jun 30, 2016: (Rs.) 61.67 NAV as at Jun 30, 2016: (Rs.) 64.63
Fund Manager: Rupesh Patel Fund Manager: Rupesh Patel
NAV Per Unit Fund S&P BSE
NAV Per Fund NIFTY NIFTY (Rs.) SENSEX
Unit (Rs.) 500 50
Discrete 12 months performance
Discrete 12 months performance Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 68.12 11.12% -2.81%
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 57.85 6.61% 1.21% -0.96% Jun 30, 2014 to Jun 30, 2015 59.66 23.95% 9.31%
Jun 30, 2014 to Jun 30, 2015 48.89 18.32% 11.71% 9.95% Jun 30, 2013 to Jun 30, 2014 44.97 38.37% 31.03%
Jun 30, 2013 to Jun 30, 2014 34.73 40.78% 36.87% 30.28% Compounded Annualised Growth Rate Performance
Compounded Annualised Growth Rate Performance Last 2 years (June 30, 2014 to June 30, 2016) 59.66 17.33% 3.07%
Last 2 years (June 30, 2014 to June 30, 2016) 48.89 12.29% 6.32% 4.34% Last 3 years (June 30, 2013 to June 30, 2016) 44.97 23.91% 11.62%
Last 3 years (June 30, 2013 to June 30, 2016) 34.73 21.03% 15.62% 12.33% Last 5 years (June 30, 2011 to June 30, 2016) 46.98 15.42% 7.45%
Last 5 years (June 30, 2011 to June 30, 2016) 33.90 12.70% 9.06% 7.96% Last 10 years (June 30, 2006 to June 30, 2016) 34.36 13.46% 9.78%
Last 10 years (June 30, 2006 to June 30, 2016) 14.32 15.71% 10.53% 10.22% Last 15 years (June 30, 2001 to June 30, 2016) 9.87 20.82% 14.67%
Last 15 years (June 30, 2001 to June 30, 2016) NA NA 16.27% 14.34% Since inception till Jun 30, 2016 10 20.00% 10.82%
Since inception till Jun 30, 2016 10 16.96% 13.59% 13.66% Current Value of Standard Investment of Rs. 10000
Current Value of Standard Investment of Rs. 10000 Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 11,112 9,719
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,661 10,121 9,904 Jun 30, 2014 to Jun 30, 2015 12,395 10,931
Jun 30, 2014 to Jun 30, 2015 11,832 11,171 10,995 Jun 30, 2013 to Jun 30, 2014 13,837 13,103
Jun 30, 2013 to Jun 30, 2014 14,078 13,687 13,028 Last 2 years 13,772 10,624
Last 2 years 12,613 11,306 10,888 Last 3 years 19,036 13,911
Last 3 years 17,738 15,462 14,178 Last 5 years 20,500 14,329
Last 5 years 18,193 15,436 14,672 Last 10 years 35,390 25,443
Last 10 years 43,075 27,237 26,482 Last 15 years 170,996 78,055
Last 15 years NA 96,103 74,750 Since inception ( 31 . 3 . 1996 ) 402,207 80,186
Since inception ( 22 . 11 . 2004 ) 61,657 43,909 44,224

www.tatamutualfund.com TATA MUTUAL FUND 38


SCHEME PERFORMANCE
Tata Balanced Fund (TBF) - Regular - Growth Tata Regular Savings Equity Fund - Other than Individual & HUF - Regular - Monthly Income Option
NAV as at Jun 30, 2016: (Rs.) 174.39 (Earlier Known as Tata Monthly Income Fund) $
Fund Manager: Akhil Mittal (Debt), Pradeep Gokhale (Equity) NAV as at Jun 30, 2016: (Rs.) 14.08
Fund Manager: Sonam Udasi (for equity portfolio), Akhil Mittal (for Arbitrage strategies and Debt Portfolio)
NAV Per Fund Crisil Balanced
Unit (Rs.) Fund Index Nifty 50 Index
NAV Per Fund (35%),Crisil Liquid
Discrete 12 months performance Unit (Rs.) Fund Index (30%),
Crisil Short Term
Jun 30, 2015 to Jun 30, 2016(Last 1 year) 167.91 3.86% 3.12% Bond Fund Index
(35%)
Jun 30, 2014 to Jun 30, 2015 134.44 24.89% 10.58%
Jun 30, 2013 to Jun 30, 2014 96.01 40.02% 21.01% Discrete 12 months performance
Compounded Annualised Growth Rate Performance Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 13.75 2.74% 5.39%
Last 2 years (June 30, 2014 to June 30, 2016) 134.44 13.87% 6.77% Jun 30, 2014 to Jun 30, 2015 13.08 9.50% 9.70%
Last 3 years (June 30, 2013 to June 30, 2016) 96.01 21.95% 11.31% Jun 30, 2013 to Jun 30, 2014 12.96 5.39% 16.54%
Last 5 years (June 30, 2011 to June 30, 2016) 84.35 15.62% 8.65% Compounded Annualised Growth Rate Performance
Last 10 years (June 30, 2006 to June 30, 2016) 40.22 15.79% 9.89% Last 2 years (June 30, 2014 to June 30, 2016) 13.08 6.22% 7.51%
Last 15 years (June 30, 2001 to June 30, 2016) 12.59 19.68% NA Last 3 years (June 30, 2013 to June 30, 2016) 12.96 6.00% 10.43%
Since inception till Jun 30, 2016 10 16.50% NA Last 5 years (June 30, 2011 to June 30, 2016) 11.96 7.17% 8.88%
Current Value of Standard Investment of Rs. 10000 Last 10 years (June 30, 2006 to June 30, 2016) 11.45 6.31% 9.38%
Jun 30, 2015 to Jun 30, 2016(Last 1 year) 10,386 10,312 Last 15 years (June 30, 2001 to June 30, 2016) 10.54 7.16% NA
Jun 30, 2014 to Jun 30, 2015 12,489 11,058 Since inception till Jun 30, 2016 10 7.06% NA
Jun 30, 2013 to Jun 30, 2014 14,002 12,101 Current Value of Standard Investment of Rs. 10000
Last 2 years 12,971 11,402 Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,274 10,539
Last 3 years 18,146 13,795 Jun 30, 2014 to Jun 30, 2015 10,950 10,970
Last 5 years 20,678 15,148 Jun 30, 2013 to Jun 30, 2014 10,539 11,654
Last 10 years 43,374 25,699 Last 2 years 11,285 11,561
Last 15 years 148,314 NA Last 3 years 11,912 13,470
Since inception ( 8 . 10 . 1995 ) 237,556 NA Last 5 years 14,143 15,309
Last 10 years 18,448 24,530
Last 15 years 28,237 NA
Since inception ( 27 . 4 . 2000 ) 30,174 NA

Tata Regular Savings Equity Fund - Individual & HUF - Regular - Monthly Income Option Tata Dynamic Bond Fund (TDBF) - Regular - Growth
(Earlier Known as Tata Monthly Income Fund) $ $1 NAV as at Jun 30, 2016: (Rs.) 23.46
NAV as at Jun 30, 2016: (Rs.) 14.08 Fund Manager: Akhil Mittal
Fund Manager: Sonam Udasi (for equity portfolio), Akhil Mittal (for Arbitrage strategies and Debt Portfolio)
I-Sec
NAV Per Fund Nifty 50 Index NAV Per Composite Crisil 10 Yr
(35%),Crisil Liquid
Unit (Rs.) Fund Index (30%),
Unit (Rs.) Fund Index Gilt Index
Crisil Short Term
Bond Fund Index Discrete 12 months performance
(35%)
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 21.60 8.61% 10.81% 10.03%
Discrete 12 months performance Jun 30, 2014 to Jun 30, 2015 19.55 10.51% 11.70% 11.76%
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 13.75 2.77% 5.39% Jun 30, 2013 to Jun 30, 2014 18.11 7.95% 4.11% -2.47%
Jun 30, 2014 to Jun 30, 2015 13.08 9.81% 9.70% Compounded Annualised Growth Rate Performance
Jun 30, 2013 to Jun 30, 2014 12.96 5.59% 16.54% Last 2 years (June 30, 2014 to June 30, 2016) 19.55 9.54% 11.24% 10.88%
Compounded Annualised Growth Rate Performance Last 3 years (June 30, 2013 to June 30, 2016) 18.11 8.99% 8.80% 6.23%
Last 2 years (June 30, 2014 to June 30, 2016) 13.08 6.22% 7.51% Last 5 years (June 30, 2011 to June 30, 2016) 15.01 9.33% 9.63% 7.56%
Last 3 years (June 30, 2013 to June 30, 2016) 12.96 6.00% 10.43% Last 10 years (June 30, 2006 to June 30, 2016) 11.53 7.36% 8.77% 7.08%
Last 5 years (June 30, 2011 to June 30, 2016) 11.96 7.17% 8.88% Last 15 years (June 30, 2001 to June 30, 2016) NA NA NA NA
Last 10 years (June 30, 2006 to June 30, 2016) 11.45 6.31% 9.38% Since inception till Jun 30, 2016 10 6.87% 7.36% 5.41%
Last 15 years (June 30, 2001 to June 30, 2016) 10.54 7.16% NA Current Value of Standard Investment of Rs. 10000
Since inception till Jun 30, 2016 10 7.32% NA Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,861 11,081 11,003
Current Value of Standard Investment of Rs. 10000 Jun 30, 2014 to Jun 30, 2015 11,051 11,170 11,176
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,277 10,539 Jun 30, 2013 to Jun 30, 2014 10,795 10,411 9,753
Jun 30, 2014 to Jun 30, 2015 10,981 10,970 Last 2 years 12,002 12,378 12,298
Jun 30, 2013 to Jun 30, 2014 10,559 11,654 Last 3 years 12,950 12,882 11,990
Last 2 years 11,285 11,561 Last 5 years 15,628 15,844 14,402
Last 3 years 11,912 13,470 Last 10 years 20,355 23,195 19,830
Last 5 years 14,143 15,309 Last 15 years NA NA NA
Last 10 years 18,448 24,530 Since inception ( 3 . 9 . 2003 ) 23,459 24,877 19,663
Last 15 years 28,237 NA
Since inception ( 27 . 4 . 2000 ) 31,377 NA

$
The scheme was earlier known as Tata Monthly Income Fund, effective from 27 July, 2015 the Scheme will be known as Tata Regular Savings Equity Fund. Due to change in type of scheme, investment objective,
investment pattern and investment strategy, past performance of the scheme may not be used for prediction of future performance of the scheme.
Returns are given for monthly income option. While calculating returns, dividend distribution tax has been taken care of. The returns given above are for Individual and HUF category. Date of Allotment: 27 April, 2000.
$1

www.tatamutualfund.com TATA MUTUAL FUND 39


SCHEME PERFORMANCE
Tata Income Plus Fund (TIPF) - Regular - Growth Tata Short Term Bond Fund (TSTBF) - Regular - Growth
NAV as at Jun 30, 2016: (Rs.) 23.69 NAV as at Jun 30, 2016: (Rs.) 28.72
Fund Manager: Akhil Mittal Fund Manager: Akhil Mittal
Crisil Crisil Crisil Short Crisil
NAV Per Composite Bond 10 Yr Term 1 Yr
Unit (Rs.) Fund Fund Index Gilt Index NAV Per Bond Fund T-Bill
Unit (Rs.) Fund Index Index
Discrete 12 months performance
Discrete 12 months performance
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 21.93 8.00% 10.19% 10.03%
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 26.48 8.45% 8.94% 7.67%
Jun 30, 2014 to Jun 30, 2015 20.07 9.26% 11.10% 11.76%
Jun 30, 2014 to Jun 30, 2015 24.25 9.22% 9.56% 8.54%
Jun 30, 2013 to Jun 30, 2014 18.98 5.78% 4.60% -2.47%
Jun 30, 2013 to Jun 30, 2014 22.25 8.99% 8.81% 5.93%
Compounded Annualised Growth Rate Performance
Compounded Annualised Growth Rate Performance
Last 2 years (June 30, 2014 to June 30, 2016) 20.07 8.62% 10.63% 10.88%
Last 2 years (June 30, 2014 to June 30, 2016) 24.25 8.82% 9.24% 8.10%
Last 3 years (June 30, 2013 to June 30, 2016) 18.98 7.65% 8.57% 6.23%
Last 3 years (June 30, 2013 to June 30, 2016) 22.25 8.86% 9.08% 7.36%
Last 5 years (June 30, 2011 to June 30, 2016) 15.69 8.58% 9.02% 7.56%
Last 5 years (June 30, 2011 to June 30, 2016) 18.50 9.18% 9.07% 7.60%
Last 10 years (June 30, 2006 to June 30, 2016) 12.05 6.98% 7.50% 7.08%
Last 10 years (June 30, 2006 to June 30, 2016) 12.60 8.58% 8.06% 6.30%
Last 15 years (June 30, 2001 to June 30, 2016) NA NA NA NA
Last 15 years (June 30, 2001 to June 30, 2016) NA NA NA 6.09%
Since inception till Jun 30, 2016 10 6.52% 6.70% 6.19%
Since inception till Jun 30, 2016 10 7.88% 7.13% 5.91%
Current Value of Standard Investment of Rs. 10000
Current Value of Standard Investment of Rs. 10000
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,800 11,019 11,003
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,845 10,894 10,767
Jun 30, 2014 to Jun 30, 2015 10,926 11,110 11,176
Jun 30, 2014 to Jun 30, 2015 10,922 10,956 10,854
Jun 30, 2013 to Jun 30, 2014 10,578 10,460 9,753
Jun 30, 2013 to Jun 30, 2014 10,899 10,881 10,593
Last 2 years 11,801 12,242 12,298
Last 2 years 11,844 11,936 11,688
Last 3 years 12,478 12,800 11,990
Last 3 years 12,903 12,982 12,377
Last 5 years 15,099 15,408 14,402
Last 5 years 15,521 15,443 14,429
Last 10 years 19,646 20,623 19,830
Last 10 years 22,792 21,723 18,431
Last 15 years NA NA NA
Last 15 years NA NA 24,288
Since inception ( 11 . 11 . 2002 ) 23,674 24,225 22,692
Since inception ( 8 . 8 . 2002 ) 28,709 26,055 22,219

Tata Income Fund (TIF) - Regular - Growth Tata Treasury Manager Fund (TTMF) - Regular - Growth
NAV as at Jun 30, 2016: (Rs.) 46.77 NAV as at Jun 30, 2016: (Rs.) 2029.10
Fund Manager: Akhil Mittal Fund Manager: Amit Somani
Crisil NAV Per Fund Crisil Short Crisil 1 Yr
Composite Unit (Rs.) Term Bond T-Bill
NAV Per Bond Fund Crisil 10 Yr Fund Index Index
Unit (Rs.) Fund Index Gilt Index
Discrete 12 months performance
Discrete 12 months performance
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 1878.20 8.03% 8.94% 7.67%
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 43.05 8.63% 10.19% 10.03%
Jun 30, 2014 to Jun 30, 2015 1728.63 8.65% 9.56% 8.54%
Jun 30, 2014 to Jun 30, 2015 39.16 9.94% 11.10% 11.76%
Jun 30, 2013 to Jun 30, 2014 1586.50 8.96% 8.81% 5.93%
Jun 30, 2013 to Jun 30, 2014 37.16 5.37% 4.60% -2.47%
Compounded Annualised Growth Rate Performance
Compounded Annualised Growth Rate Performance
Last 2 years (June 30, 2014 to June 30, 2016) 1728.63 8.33% 9.24% 8.10%
Last 2 years (June 30, 2014 to June 30, 2016) 39.16 9.27% 10.63% 10.88%
Last 3 years (June 30, 2013 to June 30, 2016) 1586.50 8.52% 9.08% 7.36%
Last 3 years (June 30, 2013 to June 30, 2016) 37.16 7.94% 8.57% 6.23%
Last 5 years (June 30, 2011 to June 30, 2016) 1331.86 8.77% 9.07% 7.60%
Last 5 years (June 30, 2011 to June 30, 2016) 30.40 8.99% 9.02% 7.56%
Last 10 years (June 30, 2006 to June 30, 2016) NA NA 8.06% 6.30%
Last 10 years (June 30, 2006 to June 30, 2016) 24.11 6.84% 7.50% 7.08%
Last 15 years (June 30, 2001 to June 30, 2016) NA NA NA 6.09%
Last 15 years (June 30, 2001 to June 30, 2016) 17.01 6.97% NA NA
Since inception till Jun 30, 2016 1000 8.21% 8.15% 6.33%
Since inception till Jun 30, 2016 10 8.37% NA NA
Current Value of Standard Investment of Rs. 10000
Current Value of Standard Investment of Rs. 10000
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,803 10,894 10,767
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,863 11,019 11,003
Jun 30, 2014 to Jun 30, 2015 10,865 10,956 10,854
Jun 30, 2014 to Jun 30, 2015 10,994 11,110 11,176
Jun 30, 2013 to Jun 30, 2014 10,896 10,881 10,593
Jun 30, 2013 to Jun 30, 2014 10,537 10,460 9,753
Last 2 years 11,738 11,936 11,688
Last 2 years 11,943 12,242 12,298
Last 3 years 12,783 12,982 12,377
Last 3 years 12,579 12,800 11,990
Last 5 years 15,232 15,443 14,429
Last 5 years 15,386 15,408 14,402
Last 10 years NA 21,723 18,431
Last 10 years 19,390 20,623 19,830
Last 15 years NA NA 24,288
Last 15 years 27,495 NA NA
Since inception ( 13 . 7 . 2007 ) 20,299 20,198 17,345
Since inception ( 28 . 4 . 1997 ) 46,749 NA NA

www.tatamutualfund.com TATA MUTUAL FUND 40


SCHEME PERFORMANCE
Tata Floater Fund (TFF) - Regular - Growth Tata Liquid Fund (TLF) - Regular - Growth
NAV as at Jun 30, 2016: (Rs.) 2324.50 NAV as at Jun 30, 2016: (Rs.) 2843.59
Fund Manager: Akhil Mittal Fund Manager: Amit Somani
NAV Per Fund Crisil Liquid Crisil 1 Yr NAV Per Fund Crisil Liquid Crisil 1 Yr
Unit (Rs.) Fund Index T-Bill Index Unit (Rs.) Fund Index T-Bill Index
Discrete 12 months performance Discrete 12 months performance
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 2144.65 8.39% 7.90% 7.67% Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 2631.76 8.05% 7.90% 7.67%
Jun 30, 2014 to Jun 30, 2015 1968.77 8.93% 8.77% 8.54% Jun 30, 2014 to Jun 30, 2015 2419.31 8.78% 8.77% 8.54%
Jun 30, 2013 to Jun 30, 2014 1796.42 9.59% 9.68% 5.93% Jun 30, 2013 to Jun 30, 2014 2211.67 9.39% 9.64% 5.89%
Compounded Annualised Growth Rate Performance Compounded Annualised Growth Rate Performance
Last 2 years (June 30, 2014 to June 30, 2016) 1968.77 8.65% 8.32% 8.10% Last 2 years (June 30, 2014 to June 30, 2016) 2419.31 8.40% 8.32% 8.10%
Last 3 years (June 30, 2013 to June 30, 2016) 1796.42 8.94% 8.76% 7.36% Last 3 years (June 30, 2013 to June 30, 2016) 2211.67 8.73% 8.76% 7.36%
Last 5 years (June 30, 2011 to June 30, 2016) 1499.46 9.15% 8.62% 7.60% Last 5 years (June 30, 2011 to June 30, 2016) 1849.25 8.98% 8.62% 7.60%
Last 10 years (June 30, 2006 to June 30, 2016) 1045.49 8.31% 7.59% 6.30% Last 10 years (June 30, 2006 to June 30, 2016) 1307.73 8.07% 7.59% 6.30%
Last 15 years (June 30, 2001 to June 30, 2016) NA NA NA 6.09% Last 15 years (June 30, 2001 to June 30, 2016) NA NA NA 6.09%
Since inception till Jun 30, 2016 1000 8.11% 7.43% 6.16% Since inception till Jun 30, 2016 1000 7.43% 6.87% 5.86%
Current Value of Standard Investment of Rs. 10000 Current Value of Standard Investment of Rs. 10000
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,839 10,790 10,767 Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,805 10,790 10,767
Jun 30, 2014 to Jun 30, 2015 10,893 10,877 10,854 Jun 30, 2014 to Jun 30, 2015 10,878 10,877 10,854
Jun 30, 2013 to Jun 30, 2014 10,959 10,968 10,593 Jun 30, 2013 to Jun 30, 2014 10,939 10,964 10,589
Last 2 years 11,807 11,736 11,688 Last 2 years 11,753 11,736 11,688
Last 3 years 12,932 12,868 12,377 Last 3 years 12,857 12,868 12,377
Last 5 years 15,500 15,127 14,429 Last 5 years 15,379 15,127 14,429
Last 10 years 22,232 20,796 18,431 Last 10 years 21,743 20,796 18,431
Last 15 years NA NA 24,288 Last 15 years NA NA 24,288
Since inception ( 6 . 9 . 2005 ) 23,254 21,719 19,096 Since inception ( 22 . 5 . 2003 ) 25,603 23,907 21,107

Tata Money Market Fund (TMMF) - Regular - Growth Tata Gilt Securities Fund (TGSF) - Regular - Growth
NAV as at Jun 30, 2016: (Rs.) 2427.36 NAV as at Jun 30, 2016: (Rs.) 44.33
Fund Manager: Amit Somani Fund Manager: Akhil Mittal
NAV Per Fund Crisil Liquid Crisil 1 Yr I-Sec
Unit (Rs.) Fund Index T-Bill Index NAV Per Composite Crisil 10 Yr
Unit (Rs.) Fund Index Gilt Index
Discrete 12 months performance
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 2246.05 8.07% 7.90% 7.67% Discrete 12 months performance
Jun 30, 2014 to Jun 30, 2015 2063.57 8.84% 8.77% 8.54% Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 40.93 8.29% 10.81% 10.03%
Jun 30, 2013 to Jun 30, 2014 1883.15 9.58% 9.64% 5.89% Jun 30, 2014 to Jun 30, 2015 36.41 12.44% 11.70% 11.76%
Compounded Annualised Growth Rate Performance Jun 30, 2013 to Jun 30, 2014 35.08 3.79% 4.11% -2.47%
Last 2 years (June 30, 2014 to June 30, 2016) 2063.57 8.45% 8.32% 8.10% Compounded Annualised Growth Rate Performance
Last 3 years (June 30, 2013 to June 30, 2016) 1883.15 8.82% 8.76% 7.36% Last 2 years (June 30, 2014 to June 30, 2016) 36.41 10.33% 11.24% 10.88%
Last 5 years (June 30, 2011 to June 30, 2016) 1572.33 9.06% 8.62% 7.60% Last 3 years (June 30, 2013 to June 30, 2016) 35.08 8.09% 8.80% 6.23%
Last 10 years (June 30, 2006 to June 30, 2016) 1107.81 8.15% 7.59% 6.30% Last 5 years (June 30, 2011 to June 30, 2016) 28.47 9.25% 9.63% 7.56%
Last 15 years (June 30, 2001 to June 30, 2016) NA NA NA 6.09% Last 10 years (June 30, 2006 to June 30, 2016) 22.19 7.16% 8.77% 7.08%
Since inception till Jun 30, 2016 1000 7.78% 7.18% 6.05% Last 15 years (June 30, 2001 to June 30, 2016) 13.46 8.26% NA NA
Current Value of Standard Investment of Rs. 10000 Since inception till Jun 30, 2016 10 9.25% NA NA
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,807 10,790 10,767 Current Value of Standard Investment of Rs. 10000
Jun 30, 2014 to Jun 30, 2015 10,884 10,877 10,854 Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,829 11,081 11,003
Jun 30, 2013 to Jun 30, 2014 10,958 10,964 10,589 Jun 30, 2014 to Jun 30, 2015 11,244 11,170 11,176
Last 2 years 11,764 11,736 11,688 Jun 30, 2013 to Jun 30, 2014 10,379 10,411 9,753
Last 3 years 12,889 12,868 12,377 Last 2 years 12,176 12,378 12,298
Last 5 years 15,436 15,127 14,429 Last 3 years 12,631 12,882 11,990
Last 10 years 21,905 20,796 18,431 Last 5 years 15,571 15,844 14,402
Last 15 years NA NA 24,288 Last 10 years 19,979 23,195 19,830
Since inception ( 1 . 9 . 2004 ) 24,272 22,720 20,042 Last 15 years 32,915 NA NA
Since inception ( 6 . 9 . 1999 ) 44,313 NA NA

www.tatamutualfund.com TATA MUTUAL FUND 41


SCHEME PERFORMANCE
Tata Gilt Mid Term Fund (TGMTF) - Regular - Growth Tata Gilt Short Maturity Fund (TGSMF) - Regular - Growth
NAV as at Jun 30, 2016: (Rs.) 16.86 NAV as at Jun 30, 2016: (Rs.) 23.93
Fund Manager: Akhil Mittal Fund Manager: Akhil Mittal
I-Sec I-Sec
NAV Per Composite Crisil 10 Yr NAV Per Composite Crisil 10 Yr
Unit (Rs.) Fund Index Gilt Index Unit (Rs.) Fund Index Gilt Index
Discrete 12 months performance Discrete 12 months performance
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 15.32 10.00% 10.81% 10.03% Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 22.00 8.74% 10.81% 10.03%
Jun 30, 2014 to Jun 30, 2015 13.66 12.14% 11.70% 11.76% Jun 30, 2014 to Jun 30, 2015 20.12 9.34% 11.70% 11.76%
Jun 30, 2013 to Jun 30, 2014 12.80 6.76% 4.11% -2.47% Jun 30, 2013 to Jun 30, 2014 18.71 7.54% 4.11% -2.47%
Compounded Annualised Growth Rate Performance Compounded Annualised Growth Rate Performance
Last 2 years (June 30, 2014 to June 30, 2016) 13.66 11.05% 11.24% 10.88% Last 2 years (June 30, 2014 to June 30, 2016) 20.12 9.03% 11.24% 10.88%
Last 3 years (June 30, 2013 to June 30, 2016) 12.80 9.58% 8.80% 6.23% Last 3 years (June 30, 2013 to June 30, 2016) 18.71 8.51% 8.80% 6.23%
Last 5 years (June 30, 2011 to June 30, 2016) 10.36 10.21% 9.63% 7.56% Last 5 years (June 30, 2011 to June 30, 2016) 15.69 8.79% 9.63% 7.56%
Last 10 years (June 30, 2006 to June 30, 2016) NA NA 8.77% 7.08% Last 10 years (June 30, 2006 to June 30, 2016) 11.60 7.50% 8.77% 7.08%
Last 15 years (June 30, 2001 to June 30, 2016) NA NA NA NA Last 15 years (June 30, 2001 to June 30, 2016) NA NA NA NA
Since inception till Jun 30, 2016 10 9.06% 8.81% 6.60% Since inception till Jun 30, 2016 10 6.80% 7.68% 5.80%
Current Value of Standard Investment of Rs. 10000 Current Value of Standard Investment of Rs. 10000
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 11,000 11,081 11,003 Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,874 11,081 11,003
Jun 30, 2014 to Jun 30, 2015 11,214 11,170 11,176 Jun 30, 2014 to Jun 30, 2015 10,934 11,170 11,176
Jun 30, 2013 to Jun 30, 2014 10,676 10,411 9,753 Jun 30, 2013 to Jun 30, 2014 10,754 10,411 9,753
Last 2 years 12,336 12,378 12,298 Last 2 years 11,890 12,378 12,298
Last 3 years 13,161 12,882 11,990 Last 3 years 12,779 12,882 11,990
Last 5 years 16,268 15,844 14,402 Last 5 years 15,246 15,844 14,402
Last 10 years NA 23,195 19,830 Last 10 years 20,623 23,195 19,830
Last 15 years NA NA NA Last 15 years NA NA NA
Since inception ( 24 . 6 . 2010 ) 16,858 16,627 14,694 Since inception ( 3 . 4 . 2003 ) 23,913 26,660 21,110

Tata Retirement Savings Fund - Progressive (TRSFP) - Regular - Growth Tata Retirement Savings Fund - Moderate (TRSFM) - Regular - Growth
NAV as at Jun 30, 2016: (Rs.) 19.91 NAV as at Jun 30, 2016: (Rs.) 21.39
Fund Manager: Sonam Udasi (Equity), Akhil Mittal (Debt) Fund Manager: Sonam Udasi (Equity), Akhil Mittal (Debt)

NAV Per S&P BSE CRISIL


Unit (Rs.) Fund Sensex NAV Per Fund Balanced Fund
Unit (Rs.) - Aggressive
Discrete 12 months performance
Index
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 18.51 7.60% -2.81%
Jun 30, 2014 to Jun 30, 2015 15.28 21.13% 9.31% Discrete 12 months performance
Jun 30, 2013 to Jun 30, 2014 11.41 33.93% 31.03% Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 20.52 4.23% 3.12%
Compounded Annualised Growth Rate Performance Jun 30, 2014 to Jun 30, 2015 15.54 32.02% 10.58%
Last 2 years (June 30, 2014 to June 30, 2016) 15.28 14.15% 3.07% Jun 30, 2013 to Jun 30, 2014 11.54 34.72% 21.01%
Last 3 years (June 30, 2013 to June 30, 2016) 11.41 20.34% 11.62% Compounded Annualised Growth Rate Performance
Last 5 years (June 30, 2011 to June 30, 2016) NA NA 7.45% Last 2 years (June 30, 2014 to June 30, 2016) 15.54 17.28% 6.77%
Last 10 years (June 30, 2006 to June 30, 2016) NA NA 9.78% Last 3 years (June 30, 2013 to June 30, 2016) 11.54 22.78% 11.31%
Last 15 years (June 30, 2001 to June 30, 2016) NA NA 14.67% Last 5 years (June 30, 2011 to June 30, 2016) NA NA 8.65%
Since inception till Jun 30, 2016 10 15.91% 9.77% Last 10 years (June 30, 2006 to June 30, 2016) NA NA 9.89%
Current Value of Standard Investment of Rs. 10000 Last 15 years (June 30, 2001 to June 30, 2016) NA NA NA
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,760 9,719 Since inception till Jun 30, 2016 10 17.70% 10.18%
Jun 30, 2014 to Jun 30, 2015 12,113 10,931 Current Value of Standard Investment of Rs. 10000
Jun 30, 2013 to Jun 30, 2014 13,393 13,103 Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,423 10,312
Last 2 years 13,035 10,624 Jun 30, 2014 to Jun 30, 2015 13,202 11,058
Last 3 years 17,436 13,911 Jun 30, 2013 to Jun 30, 2014 13,472 12,101
Last 5 years NA 14,329 Last 2 years 13,761 11,402
Last 10 years NA 25,443 Last 3 years 18,519 13,795
Last 15 years NA 78,055 Last 5 years NA 15,148
Since inception ( 1 . 11 . 2011 ) 19,915 15,449 Last 10 years NA 25,699
Last 15 years NA NA
Since inception ( 1 . 11 . 2011 ) 21,391 15,720

www.tatamutualfund.com TATA MUTUAL FUND 42


SCHEME PERFORMANCE
Tata Retirement Savings Fund - Conservative (TRSFC) - Regular - Growth Tata Young Citizens Fund (TYCF) - Regular - Growth
NAV as at Jun 30, 2016: (Rs.) 15.84 NAV as at Jun 30, 2016: (Rs.) 21.57
Fund Manager: Sonam Udasi (Equity), Akhil Mittal (Debt) Fund Manager: Sonam Udasi (Equity) & Akhil Mittal (Debt)
NAV Per Fund Crisil MIP Crisil 10 Yr NAV Per Fund CRISIL
Unit (Rs.) Blended Index Gilt Index Unit (Rs.) Balanced Fund
- Aggressive Index
Discrete 12 months performance
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 14.92 6.21% 8.63% 10.03% Discrete 12 months performance
Jun 30, 2014 to Jun 30, 2015 13.02 14.59% 11.05% 11.76% Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 20.86 3.42% 3.12%
Jun 30, 2013 to Jun 30, 2014 11.31 15.15% 8.28% -2.47% Jun 30, 2014 to Jun 30, 2015 17.50 19.18% 10.58%
Compounded Annualised Growth Rate Performance Jun 30, 2013 to Jun 30, 2014 14.91 17.39% 21.01%
Last 2 years (June 30, 2014 to June 30, 2016) 13.02 10.31% 9.82% 10.88% Compounded Annualised Growth Rate Performance
Last 3 years (June 30, 2013 to June 30, 2016) 11.31 11.87% 9.29% 6.23% Last 2 years (June 30, 2014 to June 30, 2016) 17.50 11.00% 6.77%
Last 5 years (June 30, 2011 to June 30, 2016) NA NA 9.04% 7.56% Last 3 years (June 30, 2013 to June 30, 2016) 14.91 13.06% 11.31%
Last 10 years (June 30, 2006 to June 30, 2016) NA NA 8.30% 7.08% Last 5 years (June 30, 2011 to June 30, 2016) 15.49 10.79% 8.65%
Last 15 years (June 30, 2001 to June 30, 2016) NA NA NA NA Last 10 years (June 30, 2006 to June 30, 2016) 19.10 10.47% 9.89%
Since inception till Jun 30, 2016 10 10.37% 9.52% 8.39% Last 15 years (June 30, 2001 to June 30, 2016) 9.71 13.47% NA
Current Value of Standard Investment of Rs. 10000 Since inception till Jun 30, 2016 10 13.15% NA
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,621 10,863 11,003 Current Value of Standard Investment of Rs. 10000
Jun 30, 2014 to Jun 30, 2015 11,459 11,105 11,176 Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,342 10,312
Jun 30, 2013 to Jun 30, 2014 11,515 10,828 9,753 Jun 30, 2014 to Jun 30, 2015 11,918 11,058
Last 2 years 12,172 12,063 12,298 Jun 30, 2013 to Jun 30, 2014 11,739 12,101
Last 3 years 14,005 13,057 11,990 Last 2 years 12,324 11,402
Last 5 years NA 15,422 14,402 Last 3 years 14,457 13,795
Last 10 years NA 22,211 19,830 Last 5 years 16,701 15,148
Last 15 years NA NA (so) Last 10 years 27,089 25,699
Since inception ( 1 . 11 . 2011 ) 15,847 15,285 14,563 Last 15 years 66,653 NA
Since inception ( 14 . 10 . 1995 ) 129,433 NA

Tata Index Fund (TIFS) - Sensex - Regular - Growth Tata Infrastructure Tax Saving Fund (TITSF) - Regular - Growth
NAV as at Jun 30, 2016: (Rs.) 65.65 NAV as at Jun 30, 2016: (Rs.) 20.65
Fund Manager: Sonam Udasi Fund Manager: Rupesh Patel

NAV Per S&P NAV Per Fund CNX 500 Nifty


Fund Unit (Rs.) Index 50
Unit (Rs.) BSE Sensex
Discrete 12 months performance Discrete 12 months performance
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 67.16 -2.26% -2.81% Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 20.40 1.22% 1.21% -0.96%
Jun 30, 2014 to Jun 30, 2015 61.55 9.12% 9.31% Jun 30, 2014 to Jun 30, 2015 17.75 14.91% 11.71% 9.95%
Jun 30, 2013 to Jun 30, 2014 47.25 30.26% 31.03% Jun 30, 2013 to Jun 30, 2014 12.82 38.46% 36.87% 30.28%
Compounded Annualised Growth Rate Performance Compounded Annualised Growth Rate Performance
Last 2 years (June 30, 2014 to June 30, 2016) 61.55 3.27% 3.07% Last 2 years (June 30, 2014 to June 30, 2016) 17.75 7.84% 6.32% 4.34%
Last 3 years (June 30, 2013 to June 30, 2016) 47.25 11.55% 11.62% Last 3 years (June 30, 2013 to June 30, 2016) 12.82 17.17% 15.62% 12.33%
Last 5 years (June 30, 2011 to June 30, 2016) 45.84 7.44% 7.45% Last 5 years (June 30, 2011 to June 30, 2016) 15.25 6.24% 9.06% 7.96%
Last 10 years (June 30, 2006 to June 30, 2016) 27.25 9.18% 9.78% Last 10 years (June 30, 2006 to June 30, 2016) NA NA 10.53% 10.22%
Last 15 years (June 30, 2001 to June 30, 2016) NA NA 14.67% Last 15 years (June 30, 2001 to June 30, 2016) NA NA 16.27% 14.34%
Since inception till Jun 30, 2016 10 16.49% 17.10% Since inception till Jun 30, 2016 10 10.50% 16.82% 15.15%
Current Value of Standard Investment of Rs. 10000 Current Value of Standard Investment of Rs. 10000
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 9,774 9,719 Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,122 10,121 9,904
Jun 30, 2014 to Jun 30, 2015 10,912 10,931 Jun 30, 2014 to Jun 30, 2015 11,491 11,171 10,995
Jun 30, 2013 to Jun 30, 2014 13,026 13,103 Jun 30, 2013 to Jun 30, 2014 13,846 13,687 13,028
Last 2 years 10,666 10,624 Last 2 years 11,632 11,306 10,888
Last 3 years 13,885 13,911 Last 3 years 16,093 15,462 14,178
Last 5 years 14,322 14,329 Last 5 years 13,539 15,436 14,672
Last 10 years 24,085 25,443 Last 10 years NA 27,237 26,482
Last 15 years NA 78,055 Last 15 years NA 96,103 74,750
Since inception ( 25 . 2 . 2003 ) 76,768 82,313 Since inception ( 30 . 3 . 2009 ) 20,640 30,903 27,837

www.tatamutualfund.com TATA MUTUAL FUND 43


SCHEME PERFORMANCE
Tata Index Fund (TIFN) - Nifty - Regular - Growth Tata Dual Advantage Fund - Scheme A - Growth
NAV as at Jun 30, 2016: (Rs.) 49.40 NAV as at Jun 30, 2016: (Rs.) 13.30
Fund Manager: Sonam Udasi Fund Manager: Amit Somani (Debt) & Sonam Udasi (Equity)
NAV Per Fund Nifty Crisil MIP Crisil
Unit (Rs.) 50 NAV Per Blended 10 Yr
Discrete 12 months performance Unit (Rs.) Fund Index Gilt Index
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 49.73 -0.67% -0.96% Discrete 12 months performance
Jun 30, 2014 to Jun 30, 2015 45.33 9.70% 9.95% Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 13.53 -1.74% 8.63% 10.03%
Jun 30, 2013 to Jun 30, 2014 35.03 29.41% 30.28% Jun 30, 2014 to Jun 30, 2015 12.52 8.06% 11.05% 11.76%
Compounded Annualised Growth Rate Performance Jun 30, 2013 to Jun 30, 2014 NA NA NA NA
Last 2 years (June 30, 2014 to June 30, 2016) 45.33 4.38% 4.34% Compounded Annualised Growth Rate Performance
Last 3 years (June 30, 2013 to June 30, 2016) 35.03 12.10% 12.33% Last 2 years (June 30, 2014 to June 30, 2016) 12.52 3.04% 9.82% 10.88%
Last 5 years (June 30, 2011 to June 30, 2016) 33.66 7.97% 7.96% Last 3 years (June 30, 2013 to June 30, 2016) NA NA 9.29% 6.23%
Last 10 years (June 30, 2006 to June 30, 2016) 19.63 9.66% 10.22% Last 5 years (June 30, 2011 to June 30, 2016) NA NA 9.04% 7.56%
Last 15 years (June 30, 2001 to June 30, 2016) NA NA 14.34% Last 10 years (June 30, 2006 to June 30, 2016) NA NA 8.30% 7.08%
Since inception till Jun 30, 2016 10 16.88% 16.69% Last 15 years (June 30, 2001 to June 30, 2016) NA NA NA NA
Current Value of Standard Investment of Rs. 10000 Since inception till Jun 30, 2016 10 10.00% 9.36% 6.36%
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 9,933 9,904 Current Value of Standard Investment of Rs. 10000
Jun 30, 2014 to Jun 30, 2015 10,970 10,995 Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 9,826 10,863 11,003
Jun 30, 2013 to Jun 30, 2014 12,941 13,028 Jun 30, 2014 to Jun 30, 2015 10,806 11,105 11,176
Last 2 years 10,896 10,888 Jun 30, 2013 to Jun 30, 2014 NA NA NA
Last 3 years 14,091 14,178 Last 2 years 10,618 12,063 12,298
Last 5 years 14,679 14,672 Last 3 years NA 13,057 11,990
Last 10 years 25,166 26,482 Last 5 years NA 15,422 14,402
Last 15 years NA 74,750 Last 10 years NA 22,211 19,830
Since inception ( 25 . 2 . 2003 ) 80,272 78,547 Last 15 years NA NA NA
Since inception ( 5 . 7 . 2013 ) 13,296 13,066 12,024

Tata Dual Advantage Fund - Scheme B - Growth Tata Dual Advantage Fund - Scheme C - Growth
NAV as at Jun 30, 2016: (Rs.) 12.33 NAV as at Jun 30, 2016: (Rs.) 11.73
Fund Manager: Amit Somani (Debt) & Sonam Udasi (Equity) Fund Manager: Amit Somani (Debt) & Sonam Udasi (Equity)
Crisil MIP Crisil Crisil MIP Crisil
NAV Per Fund NAV Per Fund
Blended 10 Yr Gilt Blended 10 Yr Gilt
Unit (Rs.) Index Unit (Rs.) Index
Index Index
Discrete 12 months performance Discrete 12 months performance
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 11.70 5.36% 8.63% 10.03% Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10.98 6.82% 8.63% 10.03%
Jun 30, 2014 to Jun 30, 2015 10.65 9.91% 11.05% 11.76% Jun 30, 2014 to Jun 30, 2015 10.01 9.67% 11.05% 11.76%
Jun 30, 2013 to Jun 30, 2014 NA NA NA NA Jun 30, 2013 to Jun 30, 2014 NA NA NA NA
Compounded Annualised Growth Rate Performance Compounded Annualised Growth Rate Performance
Last 2 years (June 30, 2014 to June 30, 2016) 10.65 7.60% 9.82% 10.88% Last 2 years (June 30, 2014 to June 30, 2016) 10.01 8.23% 9.82% 10.88%
Last 3 years (June 30, 2013 to June 30, 2016) NA NA 9.29% 6.23% Last 3 years (June 30, 2013 to June 30, 2016) NA NA 9.29% 6.23%
Last 5 years (June 30, 2011 to June 30, 2016) NA NA 9.04% 7.56% Last 5 years (June 30, 2011 to June 30, 2016) NA NA 9.04% 7.56%
Last 10 years (June 30, 2006 to June 30, 2016) NA NA 8.30% 7.08% Last 10 years (June 30, 2006 to June 30, 2016) NA NA 8.30% 7.08%
Last 15 years (June 30, 2001 to June 30, 2016) NA NA NA NA Last 15 years (June 30, 2001 to June 30, 2016) NA NA NA NA
Since inception till Jun 30, 2016 10 9.44% 11.64% 10.74% Since inception till Jun 30, 2016 10 8.26% 9.93% 10.88%
Current Value of Standard Investment of Rs. 10000 Current Value of Standard Investment of Rs. 10000
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,536 10,863 11,003 Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,682 10,863 11,003
Jun 30, 2014 to Jun 30, 2015 10,991 11,105 11,176 Jun 30, 2014 to Jun 30, 2015 10,967 11,105 11,176
Jun 30, 2013 to Jun 30, 2014 NA NA NA Jun 30, 2013 to Jun 30, 2014 NA NA NA
Last 2 years 11,580 12,063 12,298 Last 2 years 11,716 12,063 12,298
Last 3 years NA 13,057 11,990 Last 3 years NA 13,057 11,990
Last 5 years NA 15,422 14,402 Last 5 years NA 15,422 14,402
Last 10 years NA 22,211 19,830 Last 10 years NA 22,211 19,830
Last 15 years NA NA NA Last 15 years NA NA NA
Since inception ( 6 . 3 . 2014 ) 12,328 12,911 12,671 Since inception ( 27 . 6 . 2014 ) 11,730 12,097 12,308

www.tatamutualfund.com TATA MUTUAL FUND 44


SCHEME PERFORMANCE
Tata Dual Advantage Fund - Series 2 - Scheme A - Growth Tata Dual Advantage Fund - Series 2 - Scheme B - Growth
NAV as at Jun 30, 2016: (Rs.) 11.66 NAV as at Jun 30, 2016: (Rs.) 11.08
Fund Manager: Amit Somani (Debt) & Sonam Udasi (Equity) Fund Manager: Amit Somani (Debt) & Sonam Udasi (Equity)
Crisil MIP Crisil Crisil MIP Crisil
NAV Per Fund NAV Per Fund
Blended 10 Yr Gilt Blended 10 Yr Gilt
Unit (Rs.) Index Unit (Rs.) Index
Index Index
Discrete 12 months performance Discrete 12 months performance
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10.88 7.22% 8.63% 10.03% Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10.41 6.52% 8.63% 10.03%
Jun 30, 2014 to Jun 30, 2015 NA NA NA NA Jun 30, 2014 to Jun 30, 2015 NA NA NA NA
Jun 30, 2013 to Jun 30, 2014 NA NA NA NA Jun 30, 2013 to Jun 30, 2014 NA NA NA NA
Compounded Annualised Growth Rate Performance Compounded Annualised Growth Rate Performance
Last 2 years (June 30, 2014 to June 30, 2016) NA NA 9.82% 10.88% Last 2 years (June 30, 2014 to June 30, 2016) NA NA 9.82% 10.88%
Last 3 years (June 30, 2013 to June 30, 2016) NA NA 9.29% 6.23% Last 3 years (June 30, 2013 to June 30, 2016) NA NA 9.29% 6.23%
Last 5 years (June 30, 2011 to June 30, 2016) NA NA 9.04% 7.56% Last 5 years (June 30, 2011 to June 30, 2016) NA NA 9.04% 7.56%
Last 10 years (June 30, 2006 to June 30, 2016) NA NA 8.30% 7.08% Last 10 years (June 30, 2006 to June 30, 2016) NA NA 8.30% 7.08%
Last 15 years (June 30, 2001 to June 30, 2016) NA NA NA NA Last 15 years (June 30, 2001 to June 30, 2016) NA NA NA NA
Since inception till Jun 30, 2016 10 8.90% 9.54% 11.01% Since inception till Jun 30, 2016 10 6.77% 7.56% 8.95%
Current Value of Standard Investment of Rs. 10000 Current Value of Standard Investment of Rs. 10000
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,722 10,863 11,003 Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,652 10,863 11,003
Jun 30, 2014 to Jun 30, 2015 NA NA NA Jun 30, 2014 to Jun 30, 2015 NA NA NA
Jun 30, 2013 to Jun 30, 2014 NA NA NA Jun 30, 2013 to Jun 30, 2014 NA NA NA
Last 2 years NA 12,063 12,298 Last 2 years NA 12,063 12,298
Last 3 years NA 13,057 11,990 Last 3 years NA 13,057 11,990
Last 5 years NA 15,422 14,402 Last 5 years NA 15,422 14,402
Last 10 years NA 22,211 19,830 Last 10 years NA 22,211 19,830
Last 15 years NA NA NA Last 15 years NA NA NA
Since inception ( 11 . 9 . 2014 ) 11,661 11,785 12,072 Since inception ( 4 . 12 . 2014 ) 11,085 11,214 11,443

Tata Dual Advantage Fund - Series 2 - Scheme C - Growth Tata Dual Advantage Fund - Series 3 - Scheme A - Growth
NAV as at Jun 30, 2016: (Rs.) 10.99 NAV as at Jun 30, 2016: (Rs.) 10.79
Fund Manager: Amit Somani (Debt) & Sonam Udasi (Equity) Fund Manager: Amit Somani (Debt) & Sonam Udasi (Equity)
Crisil MIP Crisil Crisil MIP Crisil
NAV Per Fund NAV Per Fund
Blended 10 Yr Gilt Blended 10 Yr Gilt
Unit (Rs.) Index Unit (Rs.) Index
Index Index
Discrete 12 months performance Discrete 12 months performance
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10.23 7.45% 8.63% 10.03% Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10.11 6.74% 8.63% 10.03%
Jun 30, 2014 to Jun 30, 2015 NA NA NA NA Jun 30, 2014 to Jun 30, 2015 NA (SO) (SO) (SO)
Jun 30, 2013 to Jun 30, 2014 NA NA NA NA Jun 30, 2013 to Jun 30, 2014 NA (SO) (SO) (SO)
Compounded Annualised Growth Rate Performance Compounded Annualised Growth Rate Performance
Last 2 years (June 30, 2014 to June 30, 2016) NA NA 9.82% 10.88% Last 2 years (June 30, 2014 to June 30, 2016) NA NA 9.82% 10.88%
Last 3 years (June 30, 2013 to June 30, 2016) NA NA 9.29% 6.23% Last 3 years (June 30, 2013 to June 30, 2016) NA NA 9.29% 6.23%
Last 5 years (June 30, 2011 to June 30, 2016) NA NA 9.04% 7.56% Last 5 years (June 30, 2011 to June 30, 2016) NA NA 9.04% 7.56%
Last 10 years (June 30, 2006 to June 30, 2016) NA NA 8.30% 7.08% Last 10 years (June 30, 2006 to June 30, 2016) NA NA 8.30% 7.08%
Last 15 years (June 30, 2001 to June 30, 2016) NA NA NA NA Last 15 years (June 30, 2001 to June 30, 2016) NA NA NA NA
Since inception till Jun 30, 2016 10 6.99% 6.80% 7.77% Since inception till Jun 30, 2016 10 6.22% 7.59% 8.25%
Current Value of Standard Investment of Rs. 10000 Current Value of Standard Investment of Rs. 10000
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,745 10,863 11,003 Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,674 10,863 11,003
Jun 30, 2014 to Jun 30, 2015 NA NA NA Jun 30, 2014 to Jun 30, 2015 (SO) (SO) (SO)
Jun 30, 2013 to Jun 30, 2014 NA NA NA Jun 30, 2013 to Jun 30, 2014 (SO) (SO) (SO)
Last 2 years NA 12,063 12,298 Last 2 years (SO) 12,063 12,298
Last 3 years NA 13,057 11,990 Last 3 years (SO) 13,057 11,990
Last 5 years NA 15,422 14,402 Last 5 years (SO) 15,422 14,402
Last 10 years NA 22,211 19,830 Last 10 years (SO) 22,211 19,830
Last 15 years NA NA NA Last 15 years (SO) (SO) (SO)
Since inception ( 5 . 2 . 2015 ) 10,992 10,965 11,104 Since inception ( 26 . 3 . 2015 ) 10,794 10,970 11,056

www.tatamutualfund.com TATA MUTUAL FUND 45


SCHEME PERFORMANCE
Tata Offshore India Infrastructure Fund Tata Offshore India Opportunities Fund
NAV as at Jun 30, 2016: (Rs.) 23.20 NAV as at Jun 30, 2016: (Rs.) 41.43
Fund Manager: Rupesh Patel Fund Manager: Rupesh Patel and Danesh Mistry

NAV Per Fund S&P BSE NAV Per Fund S&P BSE
Unit (Rs.) Sensex Unit (Rs.) Sensex

Discrete 12 months performance Discrete 12 months performance


Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 22.22 4.41% -2.81% Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 39.97 3.65% -2.81%
Jun 30, 2014 to Jun 30, 2015 18.28 21.55% 9.31% Jun 30, 2014 to Jun 30, 2015 33.35 19.85% 9.31%
Jun 30, 2013 to Jun 30, 2014 12.62 44.85% 31.03% Jun 30, 2013 to Jun 30, 2014 24.80 34.48% 31.03%
Compounded Annualised Growth Rate Performance Compounded Annualised Growth Rate Performance
Last 2 years (June 30, 2014 to June 30, 2016) 18.28 12.64% 3.07% Last 2 years (June 30, 2014 to June 30, 2016) 33.35 11.44% 6.39%
Last 3 years (June 30, 2013 to June 30, 2016) 12.62 22.43% 11.62% Last 3 years (June 30, 2013 to June 30, 2016) 24.80 18.60% 10.36%
Last 5 years (June 30, 2011 to June 30, 2016) 14.26 10.21% 7.45% Last 5 years (June 30, 2011 to June 30, 2016) 23.47 12.02% 5.43%
Last 10 years (June 30, 2006 to June 30, 2016) NA NA 9.78% Last 10 years (June 30, 2006 to June 30, 2016) 12.84 12.42% 8.42%
Last 15 years (June 30, 2001 to June 30, 2016) NA NA 14.67% Last 15 years (June 30, 2001 to June 30, 2016) NA NA 13.87%
Since inception till Jun 30, 2016 10 11.21% 8.02% Since inception till Jun 30, 2016 10 13.88% 12.35%
Current Value of Standard Investment of Rs. 10000 Current Value of Standard Investment of Rs. 10000
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,441 9,719 Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,365 9,719
Jun 30, 2014 to Jun 30, 2015 12,155 10,931 Jun 30, 2014 to Jun 30, 2015 11,985 10,931
Jun 30, 2013 to Jun 30, 2014 14,485 13,103 Jun 30, 2013 to Jun 30, 2014 13,448 13,103
Last 2 years 12,691 10,624 Last 2 years 12,423 11,321
Last 3 years 18,363 13,912 Last 3 years 16,690 13,445
Last 5 years 16,269 14,327 Last 5 years 17,652 13,030
Last 10 years (SO) 25,449 Last 10 years 32,266 22,459
Last 15 years (SO) 78,078 Last 15 years (SO) 70,268
Since inception ( 1 . 8 . 2008 ) 23,200 18,421 Since inception ( 26 . 7 . 2005 ) 41,430 35,748

Tata Offshore India Sharia Fund


NAV as at Jun 30, 2016: (Rs.) 19.21
Fund Manager: Pradeep Gokhale

NAV Per Fund Nifty 50 Nifty


Unit (Rs.) Shariah 50

Discrete 12 months performance


Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 19.13 0.42% -1.06% -0.96%
Jun 30, 2014 to Jun 30, 2015 15.40 24.22% 11.53% 9.95%
Jun 30, 2013 to Jun 30, 2014 10.75 43.26% 31.50% 30.28%
Compounded Annualised Growth Rate Performance
Last 2 years (June 30, 2014 to June 30, 2016) 15.40 11.67% 5.04% 4.34%
Last 3 years (June 30, 2013 to June 30, 2016) 10.75 21.29% 13.17% 12.33%
Last 5 years (June 30, 2011 to June 30, 2016) 9.76 14.49% 8.54% 7.96%
Last 10 years (June 30, 2006 to June 30, 2016) NA NA NA 10.22%
Last 15 years (June 30, 2001 to June 30, 2016) NA NA NA 14.34%
Since inception till Jun 30, 2016 10 12.04% 5.80% 5.30%
Current Value of Standard Investment of Rs. 10000
Jun 30, 2015 to Jun 30, 2016 (Last 1 year) 10,042 9,894 9,904
Jun 30, 2014 to Jun 30, 2015 12,422 11,153 10,995
Jun 30, 2013 to Jun 30, 2014 14,326 13,150 13,028
Last 2 years 12,474 11,034 10,889
Last 3 years 17,851 14,500 14,177
Last 5 years 19,682 15,068 14,675
Last 10 years (SO) (SO) 26,494
Last 15 years (SO) (SO) 74,779
Since inception ( 4 . 10 . 2010 ) 19,210 13,826 13,455

Past performance may or may not be sustained in future. Absolute returns is computed on investment is of Rs 10,000. For computation of since inception returns the allotment NAV has been taken as Rs.10.00
(Except for TLF, TFF, TTMF, TLMF, TMMF & TFRLTF where NAV is taken as Rs. 1,000). *All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Load is not
considered for computation of returns. While calculating returns dividend distribution tax is excluded. In case, the start/end date of the concerned period is non-business date, the benchmark value of the previous
date is considered for computation of returns. N/A - Not Available. Schemes in existence for less than 1 year, performance details for the same are not provided. Schemes in existence for more than 1 year
performance provided for as many 12 months period as possible, for the period ended June 30, 2016. Mutual Fund Investments are subject to market risks, read all Scheme related documents carefully.

N/A - data are not available for the period

www.tatamutualfund.com TATA MUTUAL FUND 46


Comparative Performance of all Tata FMP schemes
Returns on investment of Rs 10,000 as on June 30, 2016

June 30, 2015 to June 30, 2016 June 30, 2014 to June 30, 2015 June 30, 2013 to June 30, 2014 Since Inception
Inception
Fund / Benchmark
Absolute returns Returns (%) Absolute returns Returns (%) Absolute returns Returns (%) CAGR returns Returns (%) Date
in Rs. in Rs. in Rs. in Rs.

Tata FMP - Series 43 - Scheme A - Reg - Growth 10,792 7.92 10983 9.83 NA NA 12,927 9.27 8-Aug-13
Scheme Benchmark (Crisil Short Term Bond Fund Index) 10,894 8.94 10956 9.56 NA NA 13,061 9.66
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,460 7.89

Tata FMP - Series 43 - Scheme B - Reg - Growth 10,671 6.71 10945 9.45 NA NA 12,967 9.49 19-Aug-13
Scheme Benchmark (Crisil Short Term Bond Fund Index) 10,894 8.94 10956 9.56 NA NA 13,155 10.04
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 13,372 10.67

Tata FMP - Series 43 - Scheme C - Reg - Growth 10,803 8.03 10974 9.74 NA NA 12,971 9.52 21-Aug-13
Scheme Benchmark (Crisil Short Term Bond Fund Index) 10,894 8.94 10956 9.56 NA NA 13,079 9.84
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,661 8.60

Tata FMP - Series 43 - Scheme D - Reg - Growth 10,833 8.33 10963 9.63 NA NA 12,948 9.52 28-Aug-13
Scheme Benchmark (Crisil Short Term Bond Fund Index) 10,894 8.94 10956 9.56 NA NA 13,110 10.00
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 13,110 10.00

Tata FMP - Series 44 - Scheme A - Reg - Growth 10,824 8.24 10977 9.77 NA NA 12,857 9.39 12-Sep-13
Scheme Benchmark (Crisil Short Term Bond Fund Index) 10,894 8.94 10956 9.56 NA NA 12,953 9.68
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,677 8.84

Tata FMP - Series 44 - Scheme B - Reg - Growth 10,823 8.23 10971 9.71 NA NA 12,767 9.19 20-Sep-13
Scheme Benchmark (Crisil Short Term Bond Fund Index) 10,894 8.94 10956 9.56 NA NA 12,887 9.56
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,718 9.04

Tata FMP - Series 44 - Scheme D - Reg - Growth 10,887 8.87 10777 7.77 NA NA 12,528 8.60 7-Oct-13
Scheme Benchmark (Crisil Composite Bond Fund Index) 11,019 10.19 11110 11.10 NA NA 13,240 10.82
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,756 9.32

Tata FMP - Series 45 - Scheme A - Reg - Growth 10,830 8.30 10918 9.18 NA NA 12,549 8.76 17-Oct-13
Scheme Benchmark (Crisil Short Term Bond Fund Index) 10,894 8.94 10956 9.56 NA NA 12,753 9.41
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,659 9.11

Tata FMP - Series 45 - Scheme C - Reg - Growth 10,840 8.40 10874 8.74 NA NA 12,455 8.79 22-Nov-13
Scheme Benchmark (Crisil Short Term Bond Fund Index) 10,894 8.94 10956 9.56 NA NA 12,668 9.50
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,959 10.46

Tata FMP - Series 45 - Scheme D - Reg - Growth 10,861 8.61 10852 8.52 NA NA 12,306 8.76 10-Jan-14
Scheme Benchmark (Crisil Short Term Bond Fund Index) 10,894 8.94 10956 9.56 NA NA 12,503 9.46
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,813 10.55

Tata FMP - Series 45 - Scheme E - Reg - Growth 10,834 8.34 10840 8.40 NA NA 12,217 8.71 6-Feb-14
Scheme Benchmark (Crisil Short Term Bond Fund Index) 10,894 8.94 10956 9.56 NA NA 12,428 9.49
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,702 10.49

Tata FMP - Series 46 - Scheme A - Reg - Growth 10,858 8.58 10849 8.49 NA NA 12,408 8.75 4-Dec-13
Scheme Benchmark (Crisil Short Term Bond Fund Index) 10,894 8.94 10956 9.56 NA NA 12,618 9.46
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,914 10.45

Tata FMP - Series 46 - Scheme B - Reg - Growth 10,849 8.49 10891 8.91 NA NA 12,423 8.87 11-Dec-13
Scheme Benchmark (Crisil Short Term Bond Fund Index) 10,894 8.94 10956 9.56 NA NA 12,602 9.48
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,964 10.70

Tata FMP - Series 46 - Scheme C - Reg - Growth 10,852 8.52 10854 8.54 NA NA 12,366 8.74 18-Dec-13
Scheme Benchmark (Crisil Short Term Bond Fund Index) 10,894 8.94 10956 9.56 NA NA 12,577 9.47
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,903 10.58

Tata FMP - Series 46 - Scheme D - Reg - Growth 10,868 8.68 10763 7.63 NA NA 12,266 8.47 26-Dec-13
Scheme Benchmark (Crisil Composite Bond Fund Index) 11,019 10.19 11110 11.10 NA NA 13,071 11.25
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,965 10.89

Tata FMP - Series 46 - Scheme E - Reg - Growth 10,822 8.22 10953 9.53 NA NA 12,498 9.25 23-Dec-13
Scheme Benchmark (Crisil Short Term Bond Fund Index) 10,894 8.94 10956 9.56 NA NA 12,562 9.47
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,914 10.68

www.tatamutualfund.com TATA MUTUAL FUND 47


Comparative Performance of all Tata FMP schemes
Returns on investment of Rs 10,000 as on June 30, 2016

June 30, 2015 to June 30, 2016 June 30, 2014 to June 30, 2015 June 30, 2013 to June 30, 2014 Since Inception
Inception
Fund / Benchmark
Absolute returns Returns (%) Absolute returns Returns (%) Absolute returns Returns (%) CAGR returns Returns (%) Date
in Rs. in Rs. in Rs. in Rs.

Tata FMP - Series 46 - Scheme H - Reg - Growth 10,814 8.14 10902 9.02 NA NA 12,250 8.68 22-Jan-14
Scheme Benchmark (Crisil Short Term Bond Fund Index) 10,894 8.94 10956 9.56 NA NA 12,455 9.42
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,655 10.14

Tata FMP - Series 46 - Scheme I - Reg - Growth 10,874 8.74 10847 8.47 NA NA 12,288 8.89 29-Jan-14
Scheme Benchmark (Crisil Short Term Bond Fund Index) 10,894 8.94 10956 9.56 NA NA 12,452 9.49
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,768 10.63

Tata FMP - Series 46 - Scheme K - Reg - Growth 10,867 8.67 10759 7.59 NA NA 12,171 8.53 5-Feb-14
Scheme Benchmark (Crisil Composite Bond Fund Index) 11,019 10.19 11110 11.10 NA NA 12,888 11.15
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,697 10.46

Tata FMP - Series 46 - Scheme L - Reg - Growth 10,828 8.28 10835 8.35 NA NA 12,197 8.70 12-Feb-14
Scheme Benchmark (Crisil Short Term Bond Fund Index) 10,894 8.94 10956 9.56 NA NA 12,417 9.52
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,757 10.77

Tata FMP - Series 46 - Scheme M - Reg - Growth 10,885 8.85 10773 7.73 NA NA 12,162 8.65 20-Feb-14
Scheme Benchmark (Crisil Composite Bond Fund Index) 11,019 10.19 11110 11.10 NA NA 12,903 11.41
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,715 10.72

Tata FMP - Series 46 - Scheme N - Reg - Growth 10,882 8.82 10769 7.69 NA NA 12,110 8.61 7-Mar-14
Scheme Benchmark (Crisil Composite Bond Fund Index) 11,019 10.19 11110 11.10 NA NA 12,856 11.45
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,683 10.80

Tata FMP - Series 46 - Scheme O - Reg - Growth 10,827 8.27 10827 8.27 NA NA 12,150 8.67 26-Feb-14
Scheme Benchmark (Crisil Short Term Bond Fund Index) 10,894 8.94 10956 9.56 NA NA 12,385 9.56
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,802 11.12

Tata FMP - Series 46 - Scheme P - Reg - Growth 10,846 8.46 10846 8.46 NA NA 12,193 8.91 5-Mar-14
Scheme Benchmark (Crisil Short Term Bond Fund Index) 10,894 8.94 10956 9.56 NA NA 12,358 9.54
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,714 10.89

Tata FMP - Series 46 - Scheme Q - Reg - Growth 10,885 8.85 10761 7.61 NA NA 12,076 8.53 12-Mar-14
Scheme Benchmark (Crisil Composite Bond Fund Index) 11,019 10.19 11110 11.10 NA NA 12,798 11.30
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,592 10.52

Tata FMP - Series 46 - Scheme R - Reg - Growth 10,886 8.86 10770 7.70 NA NA 12,054 8.53 20-Mar-14
Scheme Benchmark (Crisil Composite Bond Fund Index) 11,019 10.19 11110 11.10 NA NA 12,776 11.33
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,650 10.85

Tata FMP - Series 46 - Scheme S - Reg - Growth 10,839 8.39 10856 8.56 NA NA 12,139 8.80 14-Mar-14
Scheme Benchmark (Crisil Short Term Bond Fund Index) 10,894 8.94 10956 9.56 NA NA 12,309 9.46
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,645 10.75

Tata FMP - Series 46 - Scheme T - Reg - Growth 10,885 8.85 10772 7.72 NA NA 12,151 8.65 24-Feb-14
Scheme Benchmark (Crisil Composite Bond Fund Index) 11,019 10.19 11110 11.10 NA NA 12,915 11.51
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,782 11.02

Tata FMP - Series 47 - Scheme A - Reg - Growth 10,811 8.11 10848 8.48 NA NA 12,049 8.52 21-Mar-14
Scheme Benchmark (Crisil Short Term Bond Fund Index) 10,894 8.94 10956 9.56 NA NA 12,273 9.40
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,628 10.78

Tata FMP - Series 47 - Scheme C - Reg - Growth 10,884 8.84 10790 7.90 NA NA 12,033 8.51 26-Mar-14
Scheme Benchmark (Crisil Composite Bond Fund Index) 11,019 10.19 11110 11.10 NA NA 12,725 11.22
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,603 10.75

Tata FMP - Series 47 - Scheme D - Reg - Growth 10,886 8.86 10766 7.66 NA NA 12,027 8.51 28-Mar-14
Scheme Benchmark (Crisil Composite Bond Fund Index) 11,019 10.19 11110 11.10 NA NA 12,714 11.21
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,614 10.82

Tata FMP - Series 47 - Scheme E - Reg - Growth 10,881 8.81 10791 7.91 NA NA 12,002 8.55 10-Apr-14
Scheme Benchmark (Crisil Composite Bond Fund Index) 11,019 10.19 11110 11.10 NA NA 12,778 11.65
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,732 11.47

www.tatamutualfund.com TATA MUTUAL FUND 48


Comparative Performance of all Tata FMP schemes
Returns on investment of Rs 10,000 as on June 30, 2016

June 30, 2015 to June 30, 2016 June 30, 2014 to June 30, 2015 June 30, 2013 to June 30, 2014 Since Inception
Inception
Fund / Benchmark
Absolute returns Returns (%) Absolute returns Returns (%) Absolute returns Returns (%) CAGR returns Returns (%) Date
in Rs. in Rs. in Rs. in Rs.

Tata FMP - Series 47 - Scheme F - Plan A - Growth 10,901 9.01 10790 7.90 NA NA 12,000 8.62 17-Apr-14
Scheme Benchmark (Crisil Composite Bond Fund Index) 11,019 10.19 11110 11.10 NA NA 12,686 11.39
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,593 11.02

Tata FMP - Series 47 - Scheme H - Reg - Growth 10,883 8.83 10832 8.32 NA NA 11,987 8.71 30-Apr-14
Scheme Benchmark (Crisil Composite Bond Fund Index) 11,019 10.19 11110 11.10 NA NA 12,578 11.15
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,537 10.98

Tata FMP - Series 47 - Scheme I - Reg - Growth 10,868 8.68 10886 8.86 NA NA 12,002 8.75 28-Apr-14
Scheme Benchmark (Crisil Short Term Bond Fund Index) 10,894 8.94 10956 9.56 NA NA 12,154 9.38
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,561 11.05

Tata FMP - Series 47 - Scheme J - Reg - Growth 10,887 8.87 10793 7.93 NA NA 12,018 8.55 4-Apr-14
Scheme Benchmark (Crisil Composite Bond Fund Index) 11,019 10.19 11110 11.10 NA NA 12,807 11.67
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,801 11.65

Tata FMP - Series 47 - Scheme M - Reg - Growth 10,858 8.58 10878 8.78 NA NA 11,929 8.71 21-May-14
Scheme Benchmark (Crisil Short Term Bond Fund Index) 10,894 8.94 10956 9.56 NA NA 12,055 9.25
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,428 10.84

Tata FMP - Series 47 - Scheme N - Reg - Growth 10,870 8.70 10882 8.82 NA NA 11,900 8.75 4-Jun-14
Scheme Benchmark (Crisil Composite Bond Fund Index) 11,019 10.19 11110 11.10 NA NA 12,280 10.41
Crisil 10 Yr Gilt Index 11,003 10.03 11176 11.76 NA NA 12,252 10.29

Past performance may or may not be sustained in future. Absolute returns is computed on investment is of Rs 10,000. For computation of since inception returns
the allotment NAV has been taken as Rs. 10.00. All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Load is not
considered for computation of returns. While calculating returns dividend distribution tax is excluded. In case, the start/end date of the concerned period is
non-business date, the benchmark value of the previous date is considered for computation of returns. NA - Not Available. Schemes in existence for less than 1
year, performance details for the same are not provided. Schemes in existence for more than 1 year performance provided for as many 12 months period as possible,
for the period ended June 30, 2016. Mutual Fund Investments are subject to market risks, read all Scheme related documents carefully.

Past performance may or may not be sustained in future.


$IWHUSD\PHQWRIGLYLGHQGWKH1$9ZLOOIDOOWRWKHH[WHQWRIGLYLGHQGSD\RXWDQGVWDWXWRUy levy, if any. (Unit face value - ` 10/-).
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The Std. Dev., Sharpe Ratio, Jensens Alpha, Treynor, Portfolio Beta & R-squared are based on one month return calculated using last 3 years data.
Price/Earning Ratio, Price/Book Value Ratio, are based on the historical earnings and accounting numbers, and have been computed only for the invested portion of the portfolio.
Portfolio turnover has been computed as the ratio of the lower value of average purchase and average sales to the average net assets in the past one year (For schemes that have not completed one year, since
inception is considered)
Cash & Cash Equivalents includes CBLO, REPO, Fixed Deposits and Cash & Bank Balance.

$-ICRAs mutual fund rating methodology is based on evaluating the inherent credit quality of the funds portfolio. As a measure of the credit quality of a debt funds assets. ICRA uses the concept of credit
scores. These scores are based on ICRAs estimates of credit risk associated with each exposure of the portfolio taking into account its maturity. To quantify the credit risk scores, ICRA uses its database
of historical default rates for various rating categories for various maturity buckets. The credit risk ratings incorporate ICRAs assessment of a debt funds published investment objectives and policies, its
management characteristics, and the creditworthiness of its investment portfolio. ICRA reviews relevant fund information on an ongoing basis to support its published rating opinions. If the portfolio credit
score meets the benchmark of the assigned rating during the review, the rating is retained. In an event that the benchmark credit score is breached, ICRA gives a months time to the debt fund manager to
bring the portfolio credit score within the benchmark credit score. If the debt fund manager is able to reduce the portfolio credit score within the benchmark credit score, the rating is retained. If the portfolio
still continues to breach the benchmark credit score, the rating is revised to reflect the change in credit quality.

Note : Media & Entertainment Sector includes stock of Navneet Education Ltd. which is approved by our Sharia advisors Dar-ul-Sharia. This Company is in the business of Publication of education related
books & Stationery items.

www.tatamutualfund.com TATA MUTUAL FUND 49


DIVIDEND / BONUS HISTORY
Tata Equity P/E Fund Tata Large Cap Fund
(Before 30th September 2009) 'DWHRI'HFODUDWLRQRIGLYLGHQG 'LYLGHQGSX ` RQFace 9DOXHRI` 10
'DWHRI'HFODUDWLRQRIGLYLGHQG 'LYLGHQGSX ` RQFace 9DOXHRI` 10 Reg. 5HJ1$9 Direct 'LUHFW1$9
Reg. 5HJ1$9 Direct 'LUHFW1$9 15-06-1999 1.60 14.3931
23-09-2004 0.50 11.4449 30-12-1999 10.00 24.813
25-03-2008 0.50 31.1969 19-07-2000 2.00 14.2437
30-09-2003 2.50 16.1903
(After Split under Dividend Option w.e.f. 1st Oct. 2009 - Dividend Trigger Option A (5%))
03-12-2003 1.50 17.5102
26-11-2009 1.80 39.8535 07-01-2004 2.00 17.7633
15-01-2010 1.50 41.2148 25-03-2004 1.50 15.1738
27-08-2010 1.50 41.0426 02-12-2004 2.00 17.3620
03-09-2010 1.00 40.4276 27-04-2005 1.50 16.7626
11-10-2010 1.75 43.0925 17-01-2006 1.00 21.9085
10-01-2011 1.75 38.1627 01-06-2007 3.00 31.5816
13-04-2011 1.50 36.9789 17-04-2009 2.00 22.9656
11-07-2011 1.50 34.3724 09-07-2010 2.00 38.2936
08-11-2011 1.25 30.7136
02-03-2012 2.50 35.7849
20-01-2012 1.00 27.9373
22-02-2013 3.00 37.1119 3.00 37.1342
16-04-2012 1.00 29.1452
27-01-2014 2.00 36.7714 2.00 37.0296
11-07-2012 1.00 27.3998
19-01-2015 4.00 49.5911 4.00 50.2921
12-10-2012 0.40 28.6604
18-03-2016 3.35 42.6650 2.15 44.1396
11-01-2013 0.50 29.9969 0.50 30.0014
28-05-2013 0.50 27.0385 0.50 27.0932
30-09-2013 0.25 24.9834 0.25 25.1002
24-10-2013 0.32 26.5125 0.32 26.6491 7DWD,QGLD7D[6DYLQJV)XQG
10-01-2014 0.35 27.7315 0.35 27.9225 'DWHRI'HFODUDWLRQRIGLYLGHQG 'LYLGHQGSX ` RQFace 9DOXHRI` 10
09-04-2014 0.35 31.1352 0.35 31.4055
11-07-2014 0.40 38.2980 0.40 38.2980 Reg. 5HJ1$9 Direct 'LUHFW1$9
16-10-2014 0.50 40.4649 0.50 40.9834 15-06-1999 2.00 16.891
12-01-2015 0.50 46.1162 0.50 46.7900 14-01-2000 2.00 41.492
17-04-2015 0.60 47.3644 0.60 48.1532 10-12-2003 1.00 23.977
11-07-2016 0.60 48.8502 0.60 50.0432
20-10-2005 10.10 40.1923
(After Split under Dividend Option w.e.f. 1st Oct. 2009 - Dividend Trigger Option B (10%)) 14-12-2007 3.00 63.7228
15-01-2010 3.00 43.1703 04-09-2009 3.00 44.4002
27-08-2010 1.50 41.5023 22-01-2010 5.00 46.981
11-10-2010 3.50 44.6825 23-12-2011 2.00 41.0711
13-04-2011 3.00 38.5898 08-02-2012 1.50 43.2445
02-02-2012 2.25 32.1223 03-12-2012 1.50 47.4439
16-04-2012 2.00 30.795 23-12-2013 2.00 48.7181 2.00 48.9612
30-08-2012 1.00 28.1294 19-12-2014 2.75 68.6750
12-10-2012 0.80 29.3619 06-02-2015 2.85 70.7073
28-01-2013 0.80 30.1694 0.80 30.1773 26-02-2016 9.00 61.8351 2.00 69.0096
09-04-2014 0.75 32.8529 0.75 33.1223
29-05-2014 0.80 37.3611 0.80 37.7099 Bonus History
11-07-2014 0.95 39.0904 0.95 39.4969 Bonus Units in March 2000 01:01
20-10-2014 0.95 41.1091 0.95 41.6410
12-01-2015 1.00 46.6071 1.00 45.9176
01-08-2016 4.75 51.1904 4.60 52.3714
TDWD(WKLFDOFund
TDWD'LYLGHQGYLHOGFund 'DWHRI'HFODUDWLRQRIGLYLGHQG 'LYLGHQGSX ` RQFace 9DOXHRI` 10
'DWHRI'HFODUDWLRQRIGLYLGHQG 'LYLGHQGSX ` RQFace 9DOXHRI` 10 Reg. 5HJ1$9 Direct 'LUHFW1$9
Reg. 5HJ1$9 Direct 'LUHFW1$9 09-08-1999 1.00 13.3985
07-02-2005 0.40 11.0776 07-03-2000 2.50 29.7093
20-12-2005 1.00 14.2886 23-01-2004 1.50 16.6602
21-07-2006 1.00 11.9191 17-11-2006 2.50 41.8432
14-12-2007 1.00 23.8872 20-07-2007 2.00 49.3941
03-07-2009 1.50 16.2605 21-09-2007 4.00 49.7288
23-07-2010 2.00 22.4296 31-07-2009 2.00 36.707
31-12-2010 1.50 22.8224 22-10-2010 5.00 50.5873
18-03-2011 1.00 18.8054 26-04-2012 2.00 40.1006
27-07-2011 1.00 19.9549 07-12-2012 1.00 44.877
09-03-2012 1.00 18.6141 21-03-2014 3.00 52.6136
31-01-2013 1.00 19.4567 1.00 19.4666 05-12-2014 5.50 68.5591
27-02-2015 2.25 29.1279 2.25 29.5709 30-12-2015 4.75 66.8382
22-01-2016 1.00 24.4357 1.00 24.9806 Bonus History
Bonus Units in March 2000 01:02

Past performance may or may not be sustained in future.


$IWHUSD\PHQWRIGLYLGHQGWKH1$9ZLOOIDOOWRWKHH[WHQWRIGLYLGHQGSD\RXWDQGVWDWXWRU\OHYy, if any 8QLWIDFHYDOXH` 
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www.tatamutualfund.com TATA MUTUAL FUND 50


DIVIDEND / BONUS HISTORY
Tata Balanced Fund
Dividend Option Monthly Dividend Option
Date of Declaration of dividend Dividend p.u. (`) on Face Value of ` 10 Date of Declaration of dividend Dividend p.u. (`) on Face Value of ` 10
Reg. Reg. NAV Direct Direct NAV Reg. Reg. NAV Direct Direct NAV
15-07-1999 1.25 12.9027 05-02-2014 0.2000 45.4166 0.2000 45.8404
03-04-2000 2.50 20.0062 05-03-2014 0.2000 47.378 0.2000 47.8459
09-09-2003 1.25 19.0084 03-04-2014 0.2500 49.2444 0.2500 49.7425
11-03-2004 1.50 22.6691 05-05-2014 0.2500 49.7024 0.2500 50.2374
12-01-2005 3.00 24.7554 04-06-2014 0.3000 55.8113 0.3000 56.4367
01-12-2006 4.00 40.5078 03-07-2014 0.3000 59.4105 0.3000 60.1184
13-07-2007 2.00 42.7533 05-08-2014 0.3000 58.7937 0.3000 59.5357
07-12-2007 1.00 52.4219 03-09-2014 0.3500 61.4845 0.3500 62.2848
24-04-2009 1.00 32.5227 30-09-2014 0.3000 61.7928 0.3000 62.6254
19-03-2010 3.00 50.937 03-11-2014 0.3000 63.5735 0.3000 64.4604
03-12-2014 0.3000 66.8698 0.3000 67.8294
15-02-2012 3.00 53.6877
05-01-2015 0.3000 67.0058 0.3000 68.0013
05-03-2013 5.50 56.8898 5.50 56.9342
04-02-2015 0.3000 69.8159 0.3000 70.8848
21-03-2014 3.25 58.7461 3.25 59.2767
03-03-2015 0.4700 72.6460 0.4700 73.7830
13-02-2015 8.60 87.0819 8.60 88.3172
01-04-2015 0.4800 71.5057 0.4800 72.6615
08-03-2016 5.75 67.0250 5.75 68.4819
05-05-2015 0.4600 68.9951 0.4600 70.1440
03-06-2015 0.4600 67.6390 0.4600 68.7928
Tata Balanced Fund 03-07-2015 0.4500 69.1757 0.4500 70.4013
Monthly Dividend Option 05-08-2015 0.4600 70.7089 0.4600 71.9936
03-09-2015 0.4600 66.6045 0.4600 67.8400
Date of Declaration of dividend Dividend p.u. (`) on Face Value of ` 10 01-10-2015 0.4400 67.1021 0.4400 68.3604
Reg. Reg. NAV Direct Direct NAV 03-11-2015 0.4500 66.6877 0.4500 67.9696
09-12-2015 0.4300 64.1480 0.4300 65.4071
13-08-2010 0.1000 51.3412
04-01-2016 0.4100 65.5624 0.4100 66.8673
13-09-2010 0.5173 53.1638
03-02-2016 0.3900 61.7757 0.3900 63.0275
08-10-2010 0.5329 53.9529
01-03-2016 0.3900 59.3893 0.3900 60.6055
12-11-2010 0.5482 54.0193 04-04-2016 0.4100 62.7495 0.4100 64.0581
10-12-2010 0.5300 50.8391 03-05-2016 0.4200 62.8585 0.4200 64.1921
14-01-2011 0.5135 49.1985 02-06-2016 0.4200 64.4614 0.4200 65.8509
11-02-2011 0.4804 46.2226 04-07-2016 0.4000 65.9106 0.4000 67.3557
11-03-2011 0.4697 46.6244 04-08-2016 0.4200 67.8544 0.4200 69.3683
08-04-2011 0.4835 48.8005
13-05-2011 0.4705 47.9953 Tata Infrastructure Fund
10-06-2011 0.4770 47.4998 Date of Declaration of dividend Dividend p.u. (`) on Face Value of ` 10
08-07-2011 0.4795 48.1593
Reg. Reg. NAV Direct Direct NAV
12-08-2011 0.8000 45.5027
09-09-2011 0.8000 44.5255 07-07-2005 0.45 11.423
14-10-2011 0.2500 43.641 10-11-2006 1.50 22.04
11-11-2011 0.3000 43.7191 09-03-2007 2.00 19.0546
09-12-2011 0.3000 41.6013 14-09-2007 2.00 24.0726
13-01-2012 0.3000 41.4199 11-03-2008 1.00 24.6787
10-02-2012 0.3000 44.1551 25-09-2009 1.00 30.9984
09-03-2012 0.3000 44.3462 23-03-2010 0.60 22.2871
13-04-2012 0.3000 43.9782 09-03-2015 2.30 29.9675
11-03-2016 1.75 21.3804 1.75 25.2637
11-05-2012 0.3000 42.2765
08-06-2012 0.3000 42.6831 Tata Equity Opportunities Fund (Data provided since 2005)
13-07-2012 0.3000 44.1681
10-08-2012 0.3000 44.5514 Date of Declaration of dividend Dividend p.u. (`) on Face Value of ` 10
14-09-2012 0.3000 45.7662 Reg. Reg. NAV Direct Direct NAV
12-10-2012 0.3500 46.8467
11-05-2005 1.00 15.8183
09-11-2012 0.3500 46.6436
29-11-2005 1.00 20.135
14-12-2012 0.3500 47.8167
20-03-2006 5.00 25.2299
14-01-2013 0.3500 48.4127 0.3500 48.4404
12-04-2006 1.00 21.129
08-02-2013 0.3500 46.4548 0.3500 46.4936
05-05-2006 1.00 21.4375
05-03-2013 0.3500 45.3818 0.3500 45.4322
29-06-2007 1.00 23.3049
03-04-2013 0.3500 44.7321 0.3500 44.7321
30-11-2007 1.00 31.1517
03-05-2013 0.3500 45.7388 0.3500 45.8346
26-06-2009 1.50 18.9974
05-06-2013 0.3500 46.1426 0.3500 46.2644
26-03-2010 2.00 24.1747
03-07-2013 0.3500 44.5114 0.3500 44.6494
22-06-2010 0.50 22.0757
05-08-2013 0.3500 42.8851 0.3500 43.0735
30-09-2010 1.00 23.9899
04-09-2013 0.2500 41.9112 0.2500 42.1607
31-12-2010 0.50 22.491
03-10-2013 0.2500 44.5623 0.2500 44.8567
23-03-2012 1.00 19.9545
05-11-2013 0.2300 46.0275 0.2300 46.3088 07-03-2014 1.20 24.0588 1.20 24.2062
04-12-2013 0.2000 45.7847 0.2000 46.0823 30-01-2015 2.75 34.9030 2.75 35.4231
06-01-2014 0.2500 47.1149 0.2500 47.5278 12-02-2016 2.35 27.7400

Past performance may or may not be sustained in future.


After payment of dividend the NAV will fall to the extent of dividend payout and statutory levy, if any. (Unit face value - ` 10/-).
Pursuant to allotment of bonus units, the NAV of the scheme would fall in proportion to the bonus units allotted & as a result the total value of units held by investor would remain the same.

www.tatamutualfund.com TATA MUTUAL FUND 51


DIVIDEND / BONUS HISTORY
Tata Mid Cap Growth Fund (Earlier Tata Growth Fund)
Date of Declaration of dividend Dividend p.u. (`) on Face Value of ` 10 Monthly Dividend Option
Reg. Reg. NAV Direct Direct NAV Date of Declaration of dividend Dividend p.u. (`) on Face Value of ` 10
16-09-2004 0.80 13.9211 Reg. Reg. NAV Direct Direct NAV
25-08-2006 2.00 24.5465
23-03-2007 10.00 26.731 15-12-2011 0.0434 11.97
16-11-2007 2.00 25.2763 16-01-2012 0.0463 12.0356
21-12-2007 3.00 23.5461 15-02-2012 0.0434 12.286
14-05-2010 2.00 18.4055 15-03-2012 0.042 12.1817
28-11-2013 1.00 19.358 1.00 19.4794 16-04-2012 0.0463 12.2263
21-11-2014 2.75 34.7881 15-05-2012 0.042 12.1879
30-12-2015 2.50 36.3854 0.25 40.4505 15-06-2012 0.0449 12.2437
16-07-2012 0.0449 12.3192
Tata Regular Savings Equity Fund (Data provided since 2008) 16-08-2012 0.0449 12.398
(Earlier known as Tata Monthly Income Fund) 17-09-2012 0.0463 12.5021
15-10-2012 0.0405 12.6204
Monthly Dividend Option
15-11-2012 0.0449 12.6205
Date of Declaration of dividend Dividend p.u. (`) on Face Value of ` 10 17-12-2012 0.0463 12.7493
Reg. Reg. NAV Direct Direct NAV 15-01-2013 0.056 12.9512
14-02-2013 0.058 12.8569
16-01-2008 0.0468 12.1955
14-03-2013 0.0541 12.8211
14-02-2008 0.0452 11.9962
15-04-2013 0.0523 12.8013
17-03-2008 0.0499 11.873
15-05-2013 0.0576 13.1695
15-04-2008 0.0452 11.8911
14-06-2013 0.0513 13.0571
15-05-2008 0.0468 11.9193
15-07-2013 0.0529 12.9694
16-06-2008 0.0499 11.7853
16-08-2013 0.0546 12.4066
18-08-2008 0.0515 11.6523
16-09-2013 0.0529 12.5641
15-09-2008 0.0336 11.6441
15-10-2013 0.0496 12.7097
14-10-2008 0.0348 11.4095
29-10-2008 0.0187 11.2901 15-01-2014 0.0513 12.7377
14-11-2008 0.0230 11.3999 13-02-2014 0.0496 12.5511
15-12-2008 0.0595 12.004 12-03-2014 0.0461 12.6694
15-01-2009 0.0595 12.0284 15-04-2014 0.0581 12.6933
16-02-2009 0.0384 11.8638 15-05-2014 0.0513 12.8391
16-03-2009 0.0336 11.924 12-06-2014 0.0478 13.1413 0.0478 13.1430
15-07-2014 0.0563 13.0827 0.0563 13.094
15-04-2009 0.0432 12.3101
12-08-2014 0.0478 13.0602 0.0478 13.0792
14-05-2009 0.0418 12.2781
15-09-2014 0.0581 13.2548 0.0581 13.2813
15-06-2009 0.0614 12.4446
16-10-2014 0.0509 13.2927 0.0509 13.3304
16-07-2009 0.0447 12.4387 0.0446 13.5226
13-11-2014 0.0446 13.5704
14-08-2009 0.0557 12.3974 14-01-2015 0.0478 13.8422 0.0478 13.9058
15-09-2009 0.0614 12.4156 12-02-2015 0.0462 14.0271 0.0462 14.1014
14-10-2009 0.0418 12.3478 12-03-2015 0.0446 14.0421 0.0446 14.1261
16-11-2009 0.0475 12.4267 15-04-2015 0.0541 14.0413 0.0541 14.1222
15-12-2009 0.0418 12.396 14-05-2015 0.0459 13.8441 0.0459 13.9343
15-01-2010 0.0447 12.4878 12-06-2015 0.0459 13.6730 0.0459 13.7673
15-02-2010 0.0447 12.3171 15-07-2015 0.0522 13.8253 0.0522 13.9281
15-03-2010 0.0403 12.2809
15-04-2010 0.0448 12.3349
14-05-2010 0.0419 12.3266
15-06-2010 0.0462 12.3229
15-07-2010 0.0505 12.3348 Tata Young Citizens Fund
16-08-2010 0.0462 12.272 Bonus History
15-09-2010 0.0433 12.3329 Bonus Units in March 1999 01:03
14-10-2010 0.0419 12.305 Bonus Units in March 2000 01:02
15-11-2010 0.0400 12.3094 Bonus Units in Nov 2003 01:04
15-12-2010 0.0433 12.1697 Bonus Units in Nov 2007 01:02
17-01-2011 0.0400 12.1335 Bonus Units in Nov 2010 01:03
15-02-2011 0.0419 12.0581 Bonus Units in Nov 2011 01:05
15-03-2011 0.0337 11.996
15-04-2011 0.0598 12.1026
16-05-2011 0.0449 11.9725
16-06-2011 0.0434 11.913
15-07-2011 0.0434 12.0924
16-08-2011 0.0463 12.0332
15-09-2011 0.058 12.0023
17-10-2011 0.0463 11.9024
15-11-2011 0.042 11.8737

Past performance may or may not be sustained in future.


$IWHUSD\PHQWRIGLYLGHQGWKH1$9ZLOOIDOOWRWKHH[WHQWRIGLYLGHQGSD\RXWDQGVWDWXWRUy levy, if any. (Unit face value - ` 10/-).
3XUVXDQWWRDOORWPHQWRIERQXVXQLWVWKH1$9RIWKHVFKHPHZRXOGIDOOLQSURSRUtion to the bonus units allotted & as a result the total value of units held by investor would remain the same.

www.tatamutualfund.com TATA MUTUAL FUND 52


HOW TO READ FACT SHEET

Exit Load
Exit Load is charged at the time an investor redeems the units of a mutual fund. The exit load is
reduced from the prevailing NAV at the time of redemption. The investor will receive redemption
proceeds at net value of NAV less Exit Load. For instance if the NAV is Rs. 100 and the exit load
is 1%, the investor will receive Rs. 99.

www.tatamutualfund.com TATA MUTUAL FUND 53


R-Squared:
R-squared measures the relationship between a portfolio and its benchmark. It is simply a
measure of the correlation of the portfolio's returns to the benchmark's returns.

Treynor Ratio:
Treynor Ratio is a measurement of efficiency utilizing the relationship between annualized
risk-adjusted return and risk. Unlike Sharpe Ratio, Treynor Ratio utilizes "market" risk (beta)
instead of total risk (standard deviation).

Jensen Alpha:
A measure of the difference between a fund's actual returns and its expected performance,
given its level of risk as measured by beta. Jensens Alpha is equivalent to the alpha derived
from regressing the series or portfolios returns in excess of the risk free rate against the market
return in excess of the risk free rate.

www.tatamutualfund.com TATA MUTUAL FUND 54


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