TATA SIP. Investment ka pehla kadam.

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Tata Infrastructure Fund | Tata Equity P/E Fund | Tata Dividend Yield Fund | Tata Pure Equity Fund | Tata Balanced Fund For Private Circulation Only As on 31st August, 2010. Mutual Funds investments are subject to market risks, read the scheme information documents carefully before investing. TATA SIP. Investment ka pehla kadam. Starts from ` 500/- p.m. Start a Tata SIP today in our range of schemes from as low as ` 500/- per month.

Transcript of TATA SIP. Investment ka pehla kadam.

Page 1: TATA SIP. Investment ka pehla kadam.

Tata Infrastructure Fund | Tata Equity P/E Fund | Tata Dividend Yield Fund | Tata Pure Equity Fund | Tata Balanced Fund

For Private Circulation OnlyAs on 31st August, 2010.

Mutual Funds investments are subject to market risks, read the scheme information documents carefully before investing.

TATA SIP. Investment ka pehla kadam.

Starts from ` 500/- p.m.

Start a Tata SIP today in our range of schemes from as low as ` 500/- per month.

Page 2: TATA SIP. Investment ka pehla kadam.

FUND MANAGER SPEAKS

Equity marketConcerns on sustainability of the global economic recovery caused the Indian markets to end the month with marginal gains, even though they were up mid month by as much as 3.3% (as represented by the BSE Sensex). The BSE Sensex ended the month up 0.6% at 17,971 while the S&P CNX Nifty closed up 0.7% at 5402. The month saw a continuation of the recent out performance of small and mid-cap stocks over large cap stocks, reflecting favourable risk appetite of investors towards the Indian equity markets. Sectors like Auto, Banking, Consumer Durables and FMCG outperformed the Sensex, while sectors like Capital Goods, Health Care, IT, Metals, Oil & Gas, Power and Realty underperformed the index. For the month, in cash equities, FIIs were net buyers to the tune of approximately USD 2.5 billion (buyers of USD 3.6 bn in July ‘10), while Domestic Mutual Funds were net sellers of USD 677 million (sellers of USD 942 mn in July ’10).

The Index of Industrial Production (IIP) reported for the month of June ’10 showed a growth of 7.1% YoY , which was lower than May ’10 growth of 11.3% YoY (as per revised estimates) due to a fading base effect and higher than expected moderation of Capital goods growth from 34.2% to 9.7%. On a use basis, the growth was driven by consumption rather than investment, with Consumer Goods showing a growth of 8.3% YoY (May ’10 growth of 7.4%) led primarily by durables production growth of 27.4% YoY (23.7% in May ’10) . GDP numbers for the quarter ended June ’10 of 8.8% YoY (8.6% YoY growth in the previous quarter ended March ’10) reflected strong economic growth momentum. Industry continued to grow at double digit levels of 10.3% YoY (13.3% YoY growth in the previous quarter). Service sector upped its growth to 9.7% YoY from 8.4% YoY growth in the previous quarter. Agriculture growth too was up to 2.8% YoY (0.7% YoY growth in the previous quarter), on the back of improved sugar cane and pulses production. Going ahead, the moderation in Industrial growth due to the higher base kicking in is expected to be compensated by higher agriculture output in light of a good monsoon (summer rains).On the monsoon front, the data released by the Indian Meteorological Department (IMD) shows that cumulative rainfall from 1st June to 25th August ’10 was only 2% below normal. The spatial distribution was good, with 30 out of 36 sub- divisions of the country receiving excess to normal rains, resulting in overall improvement in summer crop sowing area by 10% YoY. Direct tax collections (advance tax) of the April ‘10 to July ’10 quarter rose 15.75% YoY, buoyed by tax collections from the corporates, which reflects well on the momentum in corporate profitability

On the policy front, the Central Government introduced the Direct Tax Code Bill, 2010 in parliament and referred it to a select committee of the parliament for scrutiny. The bill envisages a number of reforms to the Tax regime relating to personal and corporate taxes. Notable is that long term capital gains tax is proposed to remain nil while short term capital gains tax is mooted to be 50% of the tax slab. Another key highlight is the proposed reduction of corporate tax rate to 30% (versus 33.2% now). In another move forward, on 25th August 2010, the lower house of parliament passed the Nuclear Liability Bill, paving the way for opening up of the country’s nuclear energy market to global equipment suppliers, which could potentially be to the tune of USD 150 bn in the coming years. What was also significant was the co-operation between the government and the principal opposition party in passing of the bill, after concerns of the opposition party were addressed through several amendments.

While lower growth in developed economies looks baked in everybody’s expectations, global Purchasing Managers Indices, low global inventory levels and improving capital utilization along with still accommodative monetary policy (which are not in sync with the expectations of double dip recession) are supportive of equities world wide. It may also be noted that globally, investors are underinvested in equities and overweight in sovereign bonds by most historical standards. Contra investing in such cases may just generate better relative returns for investors. In light of these facts, it seems stronger growth in emerging markets will continue to attract inflows of capital to emerging market domestic demand oriented themes. While the consumption theme through consumer non discretionary and discretionary spend has been in play and probably will continue, one could also see investors in these markets play the next derivative of domestic consumption through the infrastructure theme.

In September ‘10, the markets would look at the advance tax numbers for a feel of corporate results to come for the quarter ended September ’10, RBI’s mid-quarter review of monetary policy on Sep. 16th, while global events would continue to influence investor sentiments.

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Debt market

The bearish trend in the bond market continued in the month of August as well, as investors worried about the bench mark status of the most actively traded 10

year paper, 7.80%-2020. In the rush to avoid illiquidity in the bench mark bond, many of the market participants sold it and bought in to the recently issued 8.13%

2022 paper, which resulted in the 10 year bench market yield touching a high of 8.07%. However, towards the end of the month, the choice of auction securities

scheduled for 1st week of September allayed these fears, and this resulted in traders buying back the bench mark bond, leading to the yields softening quite a bit..

Towards the end of the month, the 10 year bench mark yield was trading around 7.93%, off from the month high of 8.07%.

Unlike the bearish trend witnessed in the g-sec market which was largely due to the technical factors explained above, the corporate bond market remained

steady. While the AAA rated 10 year bond traded in the range of 8.75-8.80%, the 5 year AAA rated bonds traded in the range of 8.5-8.55%, more or less unchanged

compared to previous month. As the sovereign yields rose and the corporate yields remained steady resulting in credit spread easing by 10-15 bps.

During the month, the liquidity situation witnessed significant improvement, on the back of government spending. Compared to average deficit of around 46K

witnessed in the previous month, the average liquidity support provided by the Reserve Bank of India for the month of August dropped to 11 K. The liquidity is

expected to remain easy till first half of next month, however, the same may again go in to deficit mode in the second half on account of advance tax outflows. On

the money market front, the 3 month and 1 year Treasury Bills traded in the range of 6.20% and 6.55% respectively, while the 3 month and 1 year CD rates traded in

the range of 7.1% and 7.9% respectively

The inflation as measured by WPI dipped to 9.97% YoY in July from 10.55% in June, leading to optimism that the period of double digit inflation may be behind us.

However, the pattern of significant upward revisions to past data continued in this month as well. The May WPI was revised from 10.16% to 11.14% which suggest

that it may be premature to conclude that inflation has dipped below 10 %.

The IIP growth for June 2010 stood at 7.1%, compared to 11.3% for the month of May 2010. This was significantly lower than the market expectations of 8%-9%.

Though the market was expecting a lower number due to base effect, the lower than the expected growth rate may be pointing to some moderation in the

industrial growth.

The Q1 GDP grew at 8.8% compared to 8.6% in the previous quarter. This number is more or less in line with market expectation. The best performing sectors in Q1

were manufacturing that grew at 12.4% and ‘trade, hotels, transport and communication’ that registered a growth rate of 12.2%. Agriculture marked a positive

growth of 2.8%, industries grew at 10.3% while the services sector grew at 9.7%.

Page 3: TATA SIP. Investment ka pehla kadam.

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TATA INFRASTRUCTURE FUND

Average Net Assets as on 31/08/2010 (` Lacs) : 2,15,686.36 Portfolio as on 31/08/2010Scrip Name % To Net

AssetsIndustrial Capital Goods 17.88Crompton Greaves Ltd 4.48Bharat Heavy Electricals Ltd. 4.42Thermax Limited 2.82Siemens India Ltd 2.25Sterlite Technologies Ltd. 1.27Texmaco Ltd. 1.13AIA Engineering Ltd 0.96Bharat Bijlee Limited 0.51McNally Bharat Engineering Co Ltd 0.04Banks 17.59HDFC Bank Ltd 4.54State Bank Of India 4.13ICICI Bank Ltd 3.82Axis Bank Limited 2.32Bank Of Baroda 2.28Andhra Bank 0.50Finance 10.44Rural Electrification Corp. Ltd. 4.41LIC Housing Finance Ltd 3.83HDFC Limited 2.20Construction Project 9.68Larsen & Toubro Ltd. 3.98Voltas Limited 3.91GMR Infrastructure Ltd 0.99Nagarjuna Construction Co Ltd 0.80Power 9.49Tata Power Company Limited 2.32CESC Limited 2.29NTPC Ltd. 1.85KEC International Ltd 1.59GVK Power & Infrastructure Ltd 0.72Jyoti Structures Ltd. 0.72Petroleum Products 5.48Reliance Industries Ltd. 2.96H.P.C.L. 2.52Oil 4.53Oil & Natu. Gas Co. 4.53Construction 3.89Simplex Infrastructures Ltd. 1.24Mahindra Lifespace Developers Ltd 1.13IVRCL Infrastructures & Project Ltd 1.11Unitech Ltd 0.41Ferrous Metals 3.71Jindal Steel & Power Ltd. 1.95Usha Martin Ltd 1.01Maharashtra Seamless Ltd. 0.75Telecom - Services 3.68Bharti Airtel Ltd. 2.76Tata Communications Ltd 0.92Non - Ferrous Metals 2.99Sterlite Industries (I) Ltd 1.57Hindalco Industries Ltd 1.42Industrial Products 2.94Bharat Forge Ltd 1.43Cummins India Ltd 1.42SKF Bearings India Limited 0.09Transportation 2.43Mundra Port & Special Economic Zone 1.16Container Corporation Of India Ltd. 0.85The Great Eastern Shipping Co.Ltd 0.42Auto 1.74Ashok Leyland 1.74Gas 1.42Gail (India) Ltd. 1.42Cement 0.97Rain Commodities Ltd 0.97Cash, Others 1.14Total Net Assets 100.00

Fund positioning: Invests predominantly in companies with potential of creating long term value from expected investments in infrastructure oriented sectors.

Performance Record - Growth Option

Past Performance of the Scheme may or may not be sustained in future. Returns are given for growth option. Returns <1 yr absolute. Returns > 1 yr CAGR.

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14.71

5.46

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Quantitative Indicators:Scheme BSE Sensex

Average P/E : 24.44 Std. Dev (Annualised) : 34.95 33.51Average P/BV : 4.32 Sharpe Ratio : 0.05 0.04Annual Portfolio Turnover Ratio : 44.77 Portfolio Beta : 1.02 1.00

R Squared : 0.95 1.00

Portfolio turnover has been computed as the ratio of the lower value of average purchase and average sales to theaverage net assets in the past one year (since inception for schemes that have not completed a year)^Risk-free rate based on the last 3 months T-Bill cut-off of 6.02%. Past Performance may or may not be sustained infuture.

SIP ReturnsInvestment Total Value of CompoundedPeriod Investment Investment as on Annualised

August 10, 2010 Return onInvestment (%)

Last 1 year 12000 12901 16.93Last 3 years 36000 45482 16.69Last 5 years 60000 89057 16.31Since Disclosure of1st NAV (20th Jan 2005) 67000 113638 19.04

Past performance may or may not sustained in future. Dividend assumed to bereinvested. Benchmark Returns through SIP route: BSE Sensex Last 1 year 14.52%,last 3 years 16.73%, last 5 years 13.88%, Since Inception 15.35%. Investment of` 1,000 p.m. is assumed to be made on 10th of every month, if not then the nextbusiness day.

Source: www.mutualfundsindia.com

Past Performance of the Scheme may or may not be sustained in future. Returns are given for growth option.

` 100000 invested at inception: Tata Infrastructure Fund Vs BSE Sensex

SnapshotFund Manager : M Venugopal (Equity)

Indicative investment horizon: 5 years and above

Inception Date : December 31, 2004

Average AUM (` lacs) : 2,15,686.36

NAV (as on 31/08/2010)

Dividend : ` 23.05

Growth : ` 35.01

52 week High (G) : ` 35.85 (23-Aug-2010)

52 week Low (G) : ` 28.92 (03-Sept-2009)

Expense Ratio: : 2.50%

(Please refer to page no. 12/13 for AdditionalInformation & page no. 14 for dividend history)

Figures as on 31/08/2010

Tata Infrastructure Fund BSE Sensex

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Page 4: TATA SIP. Investment ka pehla kadam.

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TATA EQUITY P/E FUND

Average Net Assets as on 31/08/2010 (` Lacs) : 66,546.89 Portfolio as on 31/08/2010Scrip Name % To Net

AssetsSoftware 15.42Polaris Software Labs Ltd. 4.46Firstsource Solutions Limited 2.02Patni Computer Systems Ltd. 1.78Mphasis Ltd. 1.69Oracle Financials Services Software 1.29Infosys Technologies Ltd. 1.02HCL Technologies Ltd 1.01Eclerx Services Limited 0.85Persistent Systems Limited 0.69NIIT Technologies Ltd. 0.61Banks 12.32Axis Bank Limited 3.80State Bank Of India 1.46Punjab National Bank 1.34Oriental Bank Of Commerce 1.28Bank Of Baroda 1.03Federal Bank Ltd . 1.03Standard Chartered PLC 0.98United Bank Of India 0.96Karur Vysya Bank Ltd 0.44Auto 7.96Mahindra & Mahindra Ltd. 5.02Hero Honda Motors Ltd 1.90Maruti Suzuki India Ltd. 1.04Non - Ferrous Metals 6.95Hindalco Industries Ltd 5.53Hindustan Zinc Limited 1.42Consumer Non Durable 5.78Balrampur Chini Mills Ltd. 2.79Hindustan Unilever Ltd 1.84Tata Global Beverages Limited 1.15Oil 5.60Oil & Natu. Gas Co. 4.15Oil India Ltd 1.45Power 4.85Power Grid Corporation Of India Ltd 1.08Tata Power Company Limited 1.02NTPC Ltd. 0.95SJVN Limited 0.94CESC Limited 0.86Petroleum Products 4.80H.P.C.L. 2.86Reliance Industries Ltd. 1.94Pharmaceuticals 4.59Cadilla Healthcare Limited 2.57Lupin Ltd 1.48Unichem Laboratories Ltd. 0.54Cement 4.26Grasim Industries Ltd. 2.29Ambuja Cements Ltd 1.13Shree Cement Limited 0.84Fertilizers 3.58Tata Chemicals Ltd 3.58Auto Ancillaries 2.79Exide Industries Ltd 1.79Amara Raja Batteries Ltd 1.00Telecom - Services 2.65Bharti Airtel Ltd. 2.65Minerals/ Mining 2.49Nava Bharat Ventures Ltd 1.53Gujarat Mineral Dev Corp Ltd. 0.96Gas 2.18Gail (India) Ltd. 1.23Gujarat Gas Company Ltd 0.95Construction Project 2.11Voltas Limited 2.11Finance 1.93Motilal Oswal Financial Serv. Ltd 1.02India Infoline Ltd 0.91Construction 1.01Consolidated Const. Consortium Ltd 1.01Ferrous Metals 0.90Ratnamani Metals & Tubes Ltd 0.90Industrial Capital Goods 0.81Sterlite Technologies Ltd. 0.81Media & Entertainment 0.78TV Today Network Limited 0.78Telecom - Equipment & Accessories 0.62HCL Infosystems Ltd. 0.62Transportation 0.51Gujarat Pipavav Port Ltd 0.51Cash, Others 5.11Total Net Assets 100.00

Fund positioning: Invests atleast 70% of its net assets in stocks with rolling P/E ratios less than that of the BSE Sensex.

Quantitative Indicators:Scheme BSE Sensex

Average P/E : 14.95 Std. Dev (Annualised) : 32.08 33.51Average P/BV : 3.66 Sharpe Ratio : 0.11 0.04Annual Portfolio Turnover Ratio : 42.55 Portfolio Beta : 0.90 1.00

R Squared : 0.89 1.00

Portfolio turnover has been computed as the ratio of the lower value of average purchase and average sales to theaverage net assets in the past one year (since inception for schemes that have not completed a year)^Risk-free rate based on the last 3 months T-Bill cut-off of 6.02%. Past Performance may or may not be sustained infuture.

Source: www.mutualfundsindia.com

Past Performance of the Scheme may or may not be sustained in future. Returns are given for growth option.

` 100000 invested at inception: Tata Equity P/E Fund Vs BSE Sensex

SIP ReturnsInvestment Total Value of CompoundedPeriod Investment Investment as on Annualised

August 10, 2010 Return onInvestment (%)

Last 1 year 12000 13007 18.98Last 3 years 36000 52112 27.03Last 5 years 60000 101714 21.92Since Disclosure of1st NAV (30th June 2004) 74000 153655 23.90

Past performance may or may not sustained in future. Dividend assumed to bereinvested. Benchmark Returns through SIP route: BSE Sensex Last 1 year 14.52%,last 3 years 16.73%, last 5 years 13.88% and Since Inception 17.08%. Investment of` 1,000 p.m. is assumed to be made on 10th of every month, if not then the nextbusiness day

SnapshotFund Manager : Sachin Relekar (Equity)

Indicative investment horizon: 3 years and above

Inception Date : June 29, 2004

Average AUM (` lacs) : 66,546.89

NAV (as on 31/08/2010)

Growth : ` 46.73

Dividend Opt. A (5%) : ` 39.46

Dividend Opt. B(10%) : ` 39.92

52 week High (G) : ` 47.98 (23-Aug-2010)

52 week Low (G) : ` 36.56 (02-Sep-2009)

Expense Ratio: : 2.50% (Please refer to page no. 12/13 for AdditionalInformation & page no. 14 for dividend history)

Figures as on 31/08/2010

Performance Record - Growth Option

Past Performance of the Scheme may or may not be sustained in future. Returns are given for growth option. Returns <1 yr absolute. Returns > 1 yr CAGR.

14.28

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28.36

9.38

14.71

5.46

18.14

23.6626.68

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Tata Equity P/E Fund BSE Sensex

Tata Equity P/E Fund BSE Sensex

` 461869 ` 374753

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Page 5: TATA SIP. Investment ka pehla kadam.

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TATA PURE EQUITY FUND

Average Net Assets as on 31/08/2010 (` Lacs) : 63,425.79 Portfolio as on 31/08/2010Scrip Name % To Net

AssetsAuto 9.98Bajaj Auto Limited 3.47Tata Motors Limited 2.88Mahindra & Mahindra Ltd. 2.09Ashok Leyland 1.54Software 9.20Infosys Technologies Ltd. 3.23Wipro Ltd 2.41Mphasis Ltd. 2.28Oracle Financials Services Software 1.28Banks 8.84HDFC Bank Ltd 3.63ICICI Bank Ltd 2.29State Bank Of India 1.87Axis Bank Limited 1.05Finance 8.83Rural Electrification Corp. Ltd. 3.28LIC Housing Finance Ltd 2.92HDFC Limited 2.04India Infoline Ltd 0.59Consumer Non Durable 7.32ITC Ltd 2.63Nestle India Ltd. 1.64P & G Hygiene & Health Care Ltd. 1.33Asian Paints (India) Ltd. 1.10Bata India Ltd 0.62Petroleum Products 7.08H.P.C.L. 3.43Reliance Industries Ltd. 2.67Indian Oil Corp Ltd. 0.98Construction Project 6.64Voltas Limited 2.86Larsen & Toubro Ltd. 2.84Nagarjuna Construction Co Ltd 0.94Pharmaceuticals 5.95Cadilla Healthcare Limited 3.09Lupin Ltd 2.86Industrial Capital Goods 5.86Crompton Greaves Ltd 2.89Bharat Heavy Electricals Ltd. 2.14Sterlite Technologies Ltd. 0.83Oil 4.32Oil & Natu. Gas Co. 4.32Media & Entertainment 3.82Zee Entertainment Enterprises Ltd. 2.24Sun TV Network Ltd. 1.58Industrial Products 3.35SKF Bearings India Limited 2.23Jain Irrigation Systems Ltd. 1.12Transportation 3.11Jet Airways Limited 1.89Mundra Port & Special Economic Zone 1.22Telecom - Services 2.68Bharti Airtel Ltd. 2.68Power 2.33KEC International Ltd 1.69Jyoti Structures Ltd. 0.64Non - Ferrous Metals 2.32Hindalco Industries Ltd 1.19Sterlite Industries (I) Ltd 1.13Auto Ancillaries 2.27Bosch Ltd 1.32Wabco-TVS (India) Ltd 0.95Fertilizers 1.69Chambal Fertilizer & Chemicals Ltd. 1.69Retailing 1.37Pantaloon Retail (India) Ltd. 1.37Gas 1.13Gujarat Gas Company Ltd 1.13Cash, Others 1.91Total Net Assets 100.00

Fund positioning: Focus on long term investment in fundamentally undervalued large cap companies through a process of rigorous research.

SIP ReturnsInvestment Total Value of CompoundedPeriod Investment Investment as on Annualised

August 10, 2010 Return onInvestment (%)

Last 1 year 12000 13416 27.04Last 3 years 36000 50329 24.34Last 5 years 60000 95900 19.43Since Disclosure of1st NAV May 7, 1998 147000 952215 27.90

Past performance may or may not sustained in future. Dividend assumed to bereinvested. Benchmark Returns through SIP route: BSE Sensex Last 1 year 14.52%,last 3 years 16.73% and last 5 years 13.88%, Since Inception 17.82%. Investment of` 1,000 p.m. is assumed to be made on 10th of every month, if not then the nextbusiness day

Quantitative Indicators:Scheme BSE Sensex

Average P/E : 24.15 Std. Dev (Annualised) : 29.55 33.51Average P/BV : 6.27 Sharpe Ratio : 0.09 0.04Annual Portfolio Turnover Ratio : 101.58 Portfolio Beta : 0.85 1.00

R Squared : 0.93 1.00

Portfolio turnover has been computed as the ratio of the lower value of average purchase and average sales to theaverage net assets in the past one year (since inception for schemes that have not completed a year)^Risk-free rate based on the last 3 months T-Bill cut-off of 6.02%. Past Performance may or may not be sustained infuture.

Source: www.mutualfundsindia.com

Performance Record - Growth Option

Past Performance of the Scheme may or may not be sustained in future. Returns are given for growth option. Dividendsassumed to be reinvested. While calculating returns dividend distribution tax is excluded. Returns < 1 yr absolute.Returns > 1 yr CAGR.

12.07

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Past Performance of the Scheme may or may not be sustained in future. Returns are given for growth option. Dividendsassumed to be reinvested. While calculating returns dividend distribution tax is excluded.

` 100000 invested at inception: Tata Pure Equity Fund Vs BSE Sensex

SnapshotFund Manager : M Venugopal (Equity)

Indicative investment horizon: 3 years and above

Inception Date : May 7, 1998

Average AUM (` lacs) : 63,425.79

NAV (as on 31/08/2010)

Dividend : ` 37.53

Growth : ` 99.78

52 week High (G) : ` 101.91 (23-Aug-2010)

52 week Low (G) : ` 76.40 (03-Sep-2009)

Expense Ratio: : 2.50%(Please refer to page no. 12/13 for AdditionalInformation & page no. 14 for dividend history)

Figures as on 31/08/2010

Tata Pure Equity Fund BSE Sensex` 466805

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Page 6: TATA SIP. Investment ka pehla kadam.

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TATA DIVIDEND YIELD FUND

Average Net Assets as on 31/08/2010 (` Lacs) : 15,639.60 Portfolio as on 31/08/2010Scrip Name % To Net

Assets

Consumer Non Durable 24.15

Hindustan Unilever Ltd 6.74

Glaxo Smithkline Beechem Con Health 5.81

Navneet Publications India Limited 5.13

Nestle India Ltd. 3.85

ITC Ltd 1.55

Balrampur Chini Mills Ltd. 1.07

Software 12.91

Patni Computer Systems Ltd. 2.60

Firstsource Solutions Limited 2.21

Polaris Software Labs Ltd. 2.09

Infosys Technologies Ltd. 1.90

NIIT Technologies Ltd. 1.67

Tata Elxsi India Ltd 1.45

Mphasis Ltd. 0.99

Fertilizers 9.00

Deepak Fert.& Petrochem. Corp Ltd 3.95

Tata Chemicals Ltd 3.78

Chambal Fertilizer & Chemicals Ltd. 1.27

Finance 8.33

Crisil 6.79

India Infoline Ltd 1.54

Banks 6.99

ICICI Bank Ltd 2.18

Central Bank Of India 2.01

State Bank Of India 1.76

Standard Chartered PLC 1.04

Petroleum Products 6.24

Castrol India Ltd 4.66

Indian Oil Corp Ltd. 1.58

Auto 4.96

Hero Honda Motors Ltd 2.85

Ashok Leyland 2.11

Media & Entertainment 3.65

Sun TV Network Ltd. 3.65

Oil 3.41

Oil & Natu. Gas Co. 3.41

Non - Ferrous Metals 3.18

Hindalco Industries Ltd 3.18

Paper 3.05

Tamilnadu Newsprint And Papers Ltd 3.05

Gas 2.64

Gail (India) Ltd. 2.64

Telecom - Equipment & Accessories 2.38

HCL Infosystems Ltd. 2.38

Trading 2.25

3M India Ltd 2.25

Chemicals 2.06

Clariant Chemical 2.06

Industrial Capital Goods 2.02

Thermax Limited 2.02

Pharmaceuticals 1.78

Glaxo Smithkline Pharma 1.78

Cash, Others 1.00

Total Net Assets 100.00

Fund positioning: An open ended equity fund that aims to invest at least 70% of its assets in shares with high dividend yields.

SIP ReturnsInvestment Total Value of CompoundedPeriod Investment Investment as on Annualised

August 10, 2010 Return onInvestment (%)

Last 1 year 12000 13827 35.29Last 3 years 36000 54993 31.24Last 5 years 60000 102205 22.13Since Disclosure of1st NAV (22nd Nov. 1996) 69000 129692 22.13

Past performance may or may not sustained in future. Dividend assumed to bereinvested. Benchmark Returns through SIP route: BSE Sensex Last 1 year 14.52%,last 3 years 16.73% and last 5 years 13.88%, Since Inception 16.22%. Investment of` 1,000 p.m. is assumed to be made on 10th of every month, if not then the nextbusiness day

Quantitative Indicators:

Scheme BSE SensexAverage P/E : 21.70 Dividend Yield (%) : 2.32 1.16Average P/BV : 8.73 Std. Dev (Annualised) : 30.60 33.51Annual Portfolio Turnover Ratio : 38.88 Sharpe Ratio : 0.13 0.04

Portfolio Beta : 0.84 1.00R Squared : 0.85 1.00

Portfolio turnover has been computed as the ratio of the lower value of average purchase and average sales to theaverage net assets in the past one year (since inception for schemes that have not completed a year)^Risk-free rate based on the last 3 months T-Bill cut-off of 6.02%. Past Performance may or may not be sustained infuture.

Performance Record - Growth Option

Past Performance of the Scheme may or may not be sustained in future. Returns are given for growth option. Dividendsassumed to be reinvested. While calculating returns dividend distribution tax is excluded. Returns < 1 yr absolute.Returns > 1 yr CAGR.

Source: www.mutualfundsindia.com

Past Performance of the Scheme may or may not be sustained in future. Returns are given for growth option. Dividendsassumed to be reinvested. While calculating returns dividend distribution tax is excluded.

` 100000 invested at inception: Tata Dividend Yield Fund Vs BSE Sensex

SnapshotFund Manager : Sachin Relekar (Equity)

Indicative investment horizon: 3 years and above

Inception Date : November 22, 2004

Average AUM (` lacs) : 15,639.60

NAV (as on 31/08/2010)

Dividend : ` 20.84

Growth : ` 32.17

52 week High (G) : ` 32.88 (24-Aug-2010)

52 week Low (G) : ` 22.77 (01-Sep-2009)

Expense Ratio: : 2.50% (Please refer to page no. 12/13 for AdditionalInformation & page no. 14 for dividend history)

Figures as on 31/08/2010

Tata Dividend Yield Fund BSE Sensex

0

50000

100000

150000

200000

250000

300000

350000

Dec-

04

Apr-

05

Aug-

05

Dec-

05

Apr-

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Aug-

06

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Dec-

07

Apr-

08

Aug-

08

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Aug-

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Dec-

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Apr-

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10

` 321654 ` 301337

16.5119.23

22.42

9.3814.71

5.46

18.1421.05

40.57

19.77

05

1015202530354045

6 Months 1 Year 3 Years 5 Years Since Inception

Tata Dividend Yield Fund BSE Sensex

Page 7: TATA SIP. Investment ka pehla kadam.

6

TATA EQUITY OPPORTUNITIES FUND

Average Net Assets as on 31/08/2010 (` Lacs) : 43,983.02 Portfolio as on 31/08/2010Scrip Name % To Net

AssetsBanks 15.76State Bank Of India 3.84ICICI Bank Ltd 3.22Oriental Bank Of Commerce 2.70Karnataka Bank Ltd 2.40Andhra Bank 1.39Development Credit Bank Ltd. 1.37IDBI Bank Ltd. 0.84Software 11.13Wipro Ltd 2.77Polaris Software Labs Ltd. 2.58Infosys Technologies Ltd. 2.46Oracle Financials Services Software 1.63Firstsource Solutions Limited 1.03Hinduja Global Solutions Limited 0.66Pharmaceuticals 8.30Lupin Ltd 2.33Divi Laboratories Ltd. 2.04Opto Circuits (India) Ltd 1.48Aurobindo Pharma Ltd. 1.25IPCA Labs 0.61Unichem Laboratories Ltd. 0.59Auto 7.84Tata Motors Limited 2.75Mahindra & Mahindra Ltd. 2.61Bajaj Auto Limited 1.58TVS Motor Company Ltd. 0.90Construction 6.22Sadbhav Engineering Limited 3.92Consolidated Const. Consortium Ltd 2.30Petroleum Products 4.99Indian Oil Corp Ltd. 2.85Castrol India Ltd 2.14Media & Entertainment 4.65Sun TV Network Ltd. 2.88Zee Entertainment Enterprises Ltd. 1.77Oil 4.63Oil & Natu. Gas Co. 3.45Shiv-Vani Oil&Gas Explor Serv.Ltd. 1.18Finance 4.53Rural Electrification Corp. Ltd. 2.66Motilal Oswal Financial Serv. Ltd 1.15GIC Housing Finance Ltd. 0.72Consumer Non Durable 3.48Nestle India Ltd. 1.84Balrampur Chini Mills Ltd. 1.16Jayshree Tea 0.48Auto Ancillaries 3.34Exide Industries Ltd 2.52Motherson Sumi Systems Ltd 0.82Industrial Products 3.15Jain Irrigation Systems Ltd. 3.15Pesticides 3.10Rallis India Limited 3.10Retailing 2.66Pantaloon Retail (India) Ltd. 2.66Construction Project 2.64Larsen & Toubro Ltd. 2.64Industrial Capital Goods 2.49Sterlite Technologies Ltd. 1.19Bharat Bijlee Limited 0.74Bharat Heavy Electricals Ltd. 0.56Ferrous Metals 2.32Usha Martin Ltd 2.32Power 2.16KEC International Ltd 2.16Minerals/ Mining 1.94Nava Bharat Ventures Ltd 1.94Fertilizers 1.75Tata Chemicals Ltd 0.91Deepak Fert.& Petrochem. Corp Ltd 0.84Non - Ferrous Metals 1.73Hindalco Industries Ltd 1.73Paper 0.68Tamilnadu Newsprint And Papers Ltd 0.68Cash, Others 0.51Total Net Assets 100.00

Fund positioning: Focus on capitalising on opportunities offered by equity markets from time to time with a proactive fund management strategy.

Performance Record - Growth Option

Past Performance of the Scheme may or may not be sustained in future. Returns are given for growth option. Returns <1 yr absolute. Returns > 1 yr CAGR.

6.83

17.42

12.799.38

14.71

5.46

18.14

11.19

23.84

9.70

0

5

10

15

20

25

30

6 Months 1 Year 3 Years 5 Years Since Inception

Tata Equity Opportunities Fund BSE Sensex

Quantitative Indicators:Scheme BSE Sensex

Average P/E : 23.33 Std. Dev (Annualised) : 33.62 33.51Average P/BV : 5.31 Sharpe Ratio : 0.05 0.04Annual Portfolio Turnover Ratio : 106.82 Portfolio Beta : 0.94 1.00

R Squared : 0.88 1.00

Portfolio turnover has been computed as the ratio of the lower value of average purchase and average sales to theaverage net assets in the past one year (since inception for schemes that have not completed a year)^Risk-free rate based on the last 3 months T-Bill cut-off of 6.02%. Past Performance may or may not be sustained infuture.

Source: www.mutualfundsindia.com

Past Performance of the Scheme may or may not be sustained in future. Returns are given for growth option. Dataprovided after takeover by Tata Asset Management Limited from Indian Bank Mutual Fund in the year 2001.

` 100000 invested at inception: Tata Equity Opportunities Fund Vs BSE Sensex

SIP ReturnsInvestment Total Value of CompoundedPeriod Investment Investment as on Annualised

August 10, 2010 Return onInvestment (%)

Last 1 year 12000 12939 17.67Last 3 years 36000 48043 20.79Last 5 years 60000 87474 15.55Since Disclosure of1st NAV 25th Feb 1993 210000 1156212 23.72

Past performance may or may not sustained in future. Dividend assumed to bereinvested. Benchmark Returns through SIP route: BSE Sensex Last 1 year 14.52%,last 3 years 16.73% and last 5 years 13.88%, Since Inception 16.00%. Investment of` 1,000 p.m. is assumed to be made on 10th of every month, if not then the nextbusiness day

SnapshotFund Manager : M Venugopal (Equity)

Indicative investment horizon: 3 years and above

Inception Date : February 25, 1993

Average AUM (` lacs) : 43,983.02

NAV (as on 31/08/2010)

Dividend : ` 22.52

Growth : ` 82.38

52 week High (G) : ` 84.76 (23-Aug-2010)

52 week Low (G) : ` 65.89 (03-Sep-2009)

Expense Ratio: : 2.50%(Please refer to page no. 12/13 for AdditionalInformation & page no. 14 for dividend history)

Figures as on 31/08/2010

0

200000

400000

600000

800000

1000000

Nov-

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Apr-

02

Sep-

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Feb-

03

Jul-0

3

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-05

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9

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10

Tata Equity Opportunities Fund BSE Sensex` 823757 ` 641975

Page 8: TATA SIP. Investment ka pehla kadam.

7

TATA LIFE SCIENCES AND TECHNOLOGY FUND

Average Net Assets as on 31/08/2010 (` Lacs) : 6,261.65 Portfolio as on 31/08/2010

Scrip Name % To Net

Assets

Software 40.34

Patni Computer Systems Ltd. 5.36

Hinduja Global Solutions Limited 4.39

NIIT Technologies Ltd. 4.12

Mphasis Ltd. 4.03

Financial Technologies (I) Ltd 3.98

Infosys Technologies Ltd. 3.97

Oracle Financials Services Software 2.98

Firstsource Solutions Limited 2.83

Polaris Software Labs Ltd. 2.67

Educomp Limited 1.77

Wipro Ltd 1.52

Zensar Technologies Limited 1.47

HCL Technologies Ltd 1.25

Pharmaceuticals 30.96

Cadilla Healthcare Limited 11.00

Lupin Ltd 7.25

Aventis Pharma Limited 6.03

Pfizer Ltd 2.39

Dr. Reddys Labaratories Ltd 2.22

Unichem Laboratories Ltd. 2.07

Consumer Non Durable 13.32

Glaxo Smithkline Beechem Con Health 8.91

Nestle India Ltd. 4.41

Telecom - Equipment & Accessories 5.30

HCL Infosystems Ltd. 3.53

On Mobile Global Limited 1.77

Telecom - Services 4.44

Bharti Airtel Ltd. 2.77

Tulip Telecom Limited 1.67

Industrial Capital Goods 4.17

BEML Ltd. 4.17

Cash, Others 1.47

Total Net Assets 100.00

Fund positioning: Aims to invest in fast growing, intellectual proper ty driven new economy sectors which have the potential of creating long term value.

Quantitative Indicators:Scheme BSE Sensex

Average P/E : 20.66 Std. Dev (Annualised) : 29.52 33.51Average P/BV : 6.58 Sharpe Ratio : 0.07 0.04Annual Portfolio Turnover Ratio : 24.14 Portfolio Beta : 0.72 1.00

R Squared : 0.68 1.00

Portfolio turnover has been computed as the ratio of the lower value of average purchase and average sales to theaverage net assets in the past one year (since inception for schemes that have not completed a year)^Risk-free rate based on the last 3 months T-Bill cut-off of 6.02%. Past Performance may or may not be sustained infuture.

Performance Record - Growth Option

Past Performance of the Scheme may or may not be sustained in future. Returns are given for growth option. Dividendsassumed to be reinvested. While calculating returns dividend distribution tax is excluded. Returns < 1 yr absolute.Returns > 1 yr CAGR.

9.88

17.1619.73

9.38

14.71

5.46

18.14

13.9115.62

6.08

0

5

10

15

20

25

6 Months 1 Year 3 Years 5 Years Since Inception

Tata Life Sciences and Technology Fund BSE Sensex

Source: www.mutualfundsindia.com

Past Performance of the Scheme may or may not be sustained in future. Returns are given for growth option. Dividendsassumed to be reinvested. While calculating returns dividend distribution tax is excluded.

` 100000 invested at inception: Tata Life Sciences & Technology Fund Vs BSE Sensex

SIP ReturnsInvestment Total Value of CompoundedPeriod Investment Investment as on Annualised

August 10, 2010 Return onInvestment (%)

Last 1 year 12000 12547 10.16Last 3 years 36000 54100 29.95Last 5 years 60000 93484 18.35Since Disclosure of1st NAV 23rd July 1999 133000 517070 23.01

Past performance may or may not sustained in future. Dividend assumed to bereinvested. Benchmark Returns through SIP route: BSE Sensex Last 1 year 14.52%,last 3 years 16.73% and last 5 years 13.88%, Since Inception 18.92%. Investment of` 1,000 p.m. is assumed to be made on 10th of every month, if not then the nextbusiness day

SnapshotFund Manager : Sachin Relekar (Equity)

Indicative investment horizon: 5 years and above

Inception Date : July 2, 1999

Average AUM (` lacs) : 6,261.65

NAV (as on 31/08/2010)

Dividend : ` 32.85

Growth : ` 65.35

52 week High (G) : ` 68.41 (12-Jul-2010)

52 week Low (G) : ` 56.00 (02-Sep-2009)

Expense Ratio: : 2.50%(Please refer to page no. 12/13 for AdditionalInformation & page no. 14 for dividend history)

Figures as on 31/08/2010

Tata Life Sciences and Technology Fund BSE Sensex

` 714524 ` 384646

0

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200000

300000

400000

500000

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700000

Aug-

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Feb-

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Aug-

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Feb-

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Aug-

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Aug-

02

Feb-

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Aug-

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Feb-

04

Aug-

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Aug-

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Aug-

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Feb-

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Feb-

08

Aug-

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Feb-

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Aug-

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Feb-

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Aug-

10

Page 9: TATA SIP. Investment ka pehla kadam.

8

TATA BALANCED FUND

Average Net Assets as on 31/08/2010 (` Lacs) : 28,883.50 Equity Portfolio as on 31/08/2010Scrip Name % To Net

AssetsBanks 11.01HDFC Bank Ltd 2.87ICICI Bank Ltd 2.39State Bank Of India 1.93Oriental Bank Of Commerce 1.59Karnataka Bank Ltd 1.36Andhra Bank 0.53Development Credit Bank Ltd. 0.34Industrial Capital Goods 6.84Crompton Greaves Ltd 2.60Bharat Heavy Electricals Ltd. 2.24Sterlite Technologies Ltd. 1.09Bharat Bijlee Limited 0.91Finance 5.89Rural Electrification Corp. Ltd. 2.04GIC Housing Finance Ltd. 2.03LIC Housing Finance Ltd 1.82Pharmaceuticals 5.84Lupin Ltd 2.08Cadilla Healthcare Limited 2.00Opto Circuits (India) Ltd 1.76Auto 5.75Tata Motors Limited 2.75Mahindra & Mahindra Ltd. 2.19Escorts Ltd 0.81Media & Entertainment 4.89Sun TV Network Ltd. 2.18Zee Entertainment Enterprises Ltd. 2.06HT Media Ltd. 0.65Software 4.78Polaris Software Labs Ltd. 1.68Infosys Technologies Ltd. 1.51Oracle Financials Services Software 1.21Wipro Ltd 0.38Construction Project 4.19Larsen & Toubro Ltd. 2.34Voltas Limited 1.85Petroleum Products 3.99H.P.C.L. 2.55Reliance Industries Ltd. 1.44Consumer Non Durable 3.88ITC Ltd 2.16Nestle India Ltd. 1.21Titan Industries Limited 0.51Industrial Products 3.46Fag Bearings (I) Ltd. 1.34Sintex Inds 1.18SKF Bearings India Limited 0.94Oil 2.53Oil & Natu. Gas Co. 2.53Power 2.47KEC International Ltd 1.27CESC Limited 1.20Retailing 1.72Pantaloon Retail (India) Ltd. 1.72Gas 1.61Gujarat State Petronet Ltd. 1.61Pesticides 1.40Rallis India Limited 1.40Non - Ferrous Metals 1.31Hindalco Industries Ltd 1.31Chemicals 1.05Clariant Chemical 1.05Fertilizers 0.70Chambal Fertilizer & Chemicals Ltd. 0.70Minerals/ Mining 0.50Nava Bharat Ventures Ltd 0.50Auto Ancillaries 0.47Motherson Sumi Systems Ltd 0.47Total Equity 74.28

Debt Portfolio as on 31/08/2010Scrip Name Rating % To Net

AssetsIDBI Bank Ltd. A1+ 6.64EXIM LAAA 5.25Union Bank Of India A1+ 5.13Bajaj Auto Finance Ltd LAA+ 1.75Total Debt 18.77Cash, Others 6.95Total Net Assets 100.00

Fund positioning: With 65-75% investment in equities and the rest in debt, the fund is ideal for investors who have some appetite for equity but are hesitant to invest 100% in equities.

Quantitative Indicators:Scheme Crisil BFI

Average P/E : 22.93 Std. Dev (Annualised) : 24.60 22.21Average P/BV : 5.31 Sharpe Ratio : 0.10 0.07Annual Portfolio Turnover Ratio : 126.03 Portfolio Beta : 0.71 1.00

R Squared : 0.91 1.00

Portfolio turnover has been computed as the ratio of the lower value of average purchase and average sales to theaverage net assets in the past one year (since inception for schemes that have not completed a year)^Risk-free rate based on the last 3 months T-Bill cut-off of 6.02%. Past Performance may or may not be sustained in future.

Source: www.mutualfundsindia.com

SIP ReturnsInvestment Total Value of CompoundedPeriod Investment Investment as on Annualised

August 10, 2010 Return onInvestment (%)

Last 1 year 12000 13058 19.98Last 3 years 36000 49260 22.69Last 5 years 60000 93736 18.46Since Disclosure of1st NAV January 5, 1996 176000 937603 20.68

Past performance may or may not sustained in future. Dividend assumed to be reinvested.Benchmark Returns through SIP route: Crisil Balanced Fund Index Last 1 year 11.93%, last3 years 13.68% and last 5 years 12.30% , Since Inception N.A. Investment of ̀1,000 p.m.is assumed to be made on 10th of every month, if not then the next business day

Performance Record - Growth Option

Past Performance of the Scheme may or may not be sustained in future. Returns are given for growth option. Dividendsassumed to be reinvested. While calculating returns dividend distribution tax is excluded. Returns < 1 yr absolute.Returns > 1 yr CAGR. N.A.: No figures are available for other periods.

11.91

18.59 17.45

N.A.

7.43

12.60

8.14

14.11

24.53

10.69

0

5

10

15

20

25

30

6 Months 1 Year 3 Years 5 Years Since Inception

Tata Balanced Fund Crisil Balanced Fund Index

Past Performance of the Scheme may or may not be sustained in future. Returns are given for growth option. Dividendsassumed to be reinvested. While calculating returns dividend distribution tax is excluded. Starting date taken as 1st April2002 as benchmark data is unavailable before this period.

` 100000 invested on 1st April 2002: Tata Balanced Fund Vs Crisil Balanced Fund Index

SnapshotFund Manager : M Venugopal (Equity)

Indicative investment horizon: 3 years and above

Inception Date : October 08, 1995

Average AUM (` lacs) : 28,883.50

NAV (as on 31/08/2010)

Dividend : ` 50.88

Monthly Dividend : ` 50.78

Growth : ` 80.67

52 week High (G) : ` 82.44 (23-Aug-2010)

52 week Low (G) : ` 64.17 (03-Sep-2009)

Expense Ratio: : 2.50%

(Please refer to page no. 12/13 for Additional Information & page no. 14 for dividend history)

Figures as on 31/08/2010

Equity Debt

0

100000

200000

300000

400000

500000

600000

Apr-

02

Sep-

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Feb-

03

Jul-0

3

Dec-

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May

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Oct-0

4

Mar

-05

Aug-

05

Jan-

06

Jun-

06

Nov-

06

Apr-

07

Sep-

07

Feb-

08

Jul-0

8

Dec-

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May

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Oct-0

9

Mar

-10

Aug-

10

Tata Balanced Fund Crisil Balanced Fund Index` 638586 ` 337417

Page 10: TATA SIP. Investment ka pehla kadam.

9

Equity Portfolio as on 31/08/2010

Scrip Name % To Net

AssetsIndustrial Capital Goods 3.20Sterlite Technologies Ltd. 1.83McNally Bharat Engineering Co Ltd 0.78Bharat Bijlee Limited 0.59Banks 2.39ICICI Bank Ltd 1.37State Bank Of India 1.02Petroleum Products 2.16Reliance Industries Ltd. 1.39H.P.C.L. 0.77Finance 1.18GIC Housing Finance Ltd. 0.62Rural Electrification Corp. Ltd. 0.56Fertilizers 1.16Deepak Fert.& Petrochem. Corp Ltd 1.16Industrial Products 1.11SKF Bearings India Limited 1.11Telecom - Services 1.08Bharti Airtel Ltd. 1.08Chemicals 1.07Clariant Chemical 1.07Software 0.90Polaris Software Labs Ltd. 0.90Pharmaceuticals 0.80Opto Circuits (India) Ltd 0.80Paper 0.68Tamilnadu Newsprint And Papers Ltd 0.68Power 0.63GVK Power & Infrastructure Ltd 0.63Oil 0.59Oil & Natu. Gas Co. 0.59Auto 0.46Mahindra & Mahindra Ltd. 0.46Construction 0.43Unitech Ltd 0.43Non - Ferrous Metals 0.37Hindalco Industries Ltd 0.37Construction Project 0.36Nagarjuna Construction Co Ltd 0.36Media & Entertainment 0.35Sun TV Network Ltd. 0.35Total Equity 18.92

Debt Portfolio as on 31/08/2010

Scrip Name Rating % To Net

AssetsCP/CD 21.47ICICI Bank Ltd A1+ 10.65IDBI Bank Ltd. A1+ 7.28Axis Bank Limited P1+ 3.54NCD/FRN 24.02Steel Authority Of India Ltd. AAA 6.23Power Finance Corporation AAA 3.93Indian Railway Finance Corp AAA 3.66LIC Housing Finance Ltd AAA 3.62Reliance Industries Ltd. AAA 6.58ZCB 7.41HDFC Limited AAA 7.41Government Securities 14.95GOI - 7.80% (03/05/2020) SOV 14.95Total Debt 67.85Cash, Others 13.23Total Net Assets 100.00

Fund positioning: An open ended Income fund which seeks to generate returns through investments in high quality debt and equity (up to 20%) (Monthly Income is notassured and is subject to availability of distributable surplus.)

Quantitative Indicators:Scheme Benchmark Scheme Benchmark

Std. Dev (Annualised) : 7.88 6.28 Sharpe Ratio : 0.05 0.07

Portfolio Beta : 1.77 1.00 R Squared : 1.00 1.00

^Risk-free rate based on the last 3 months T-Bill cut-off of 6.02%. Past Performance may or may not be sustained infuture.

Source: www.mutualfundsindia.com

Maturity Profile:

Average Maturity : 3.79 Years

Gross Yield to Maturity (For Debt Component) : 6.04%

Performance Record - Growth Option

Past Performance of the Scheme may or may not be sustained in future. Returns are given for growth option. Dividendsassumed to be reinvested. While calculating returns dividend distribution tax is excluded. Returns < 1 yr absolute.Returns > 1 yr CAGR. N.A.: No figures are available for other periods.

7.39 7.12 7.18

3.92

7.40 7.327.94

7.30

9.55

5.44

0

2

4

6

8

10

12

6 Months 1 Year 3 Years 5 Years Since InceptionTata MIP Plus Fund Crisil MIP Blended Index

Maturity Profile

16.61%

14.18%

3.62%

42.76%

0% 5% 10% 15% 20% 25% 30% 35% 40% 45%

Below 6 Months

Between 6 To 12 Months

Between 1 To 3 Years

Above 3 Years

Average Net Assets as on 31/08/2010 (` Lacs) : 13,052.13

SnapshotFund Manager : Raju Sharma (Debt) & M Venugopal (Equity)

Indicative investment horizon: 5 years and above

Inception Date : March 19, 2004

Average AUM (` lacs) : 13,052.13

NAV (as on 31/08/2010)

Growth : ` 15.7236

Monthly Dividend : ` 11.4062

Quarterly Dividend: ` 11.4438

52 week High (G) : ` 15.8221 (23-Aug-2010)

52 week Low (G) : ` 14.2444 (03-Sept-2009)

Expense Ratio : 2.00%(Please refer to page no. 12/13 for AdditionalInformation & page no. 14 for dividend history)

Figures as on 31/08/2010

Fund manager comment :

The 1st Quarter GDP for FY11 has come in at 8.8%, compared to8.6% in the previous quarter, which reflects the continued growthmomentum in the economy. Monsoon has also been quite good duringthe year, which will fur ther boost the overall GDP growth. Reflectingthe buoyant growth scenario, the stock market has been on a roll,with FIIs investing aggressively in the Indian market. Due to highinflation and the consequent RBI action on rate front, the long termsrates are at high levels. However, off late the pressure of inflationappears to be easing a bit, with July WPI coming at 9.97%. We expectthe inflation to ease substantially by the 3rd Quarter. With majority ofthe borrowing programme getting completed in the first half (63%),we expect the supply dynamics to have a positive impact on the longterm yields. This augurs well for the bond market going forward. Insuch a scenario, the hybrid fund offers an excellent investmentopportunity.

TATA MIP PLUS FUND

Equity Debt

Page 11: TATA SIP. Investment ka pehla kadam.

10

TATA LIQUID FUND

Average Net Assets as on 31/08/2010 (` Lacs) : 3,89,108.60

Fund positioning: To generate steady income through investments in short dated papers and maintain high liquidity of the portfolio.

Debt Portfolio as on 31/08/2010

Scrip Name Rating % to NAV Asset

CD & CP 60.40

Bank Of Baroda A1+ 7.26

Union Bank Of India P1+ 3.94

Central Bank Of India PR1+ 3.10

Corporation Bank P1+ 2.58

Dena Bank P1+ 2.52

Allahabad Bank A1+ 2.37

Canara Bank P1+ 2.17

State Bank Of Patiala P1+ 2.08

State Bank Of Indore Ltd P1+ 2.08

Punjab & Sindh Bank A1+ 2.07

Indian Bank F1+ 2.06

HDFC Bank Ltd PR1+ 2.05

Punjab National Bank PR1+ 2.05

Oriental Bank Of Commerce P1+ 1.94

Allahabad Bank P1+ 1.04

State Bank Of Hyderabad P1+ 1.04

ICICI Bank Ltd A1+ 1.04

Andhra Bank PR1+ 1.04

Syndicate Bank P1+ 1.04

Syndicate Bank A1+ 1.03

State Bank Of Mysore A1+ 1.03

Canara Bank A1+ 1.03

Indusind Bank Ltd P1+ 0.52

Blue Star Limited PR1+ 0.72

HDFC Limited A1+ 3.12

India Infoline Ltd A1+ 2.07

Religare Finvest Limited A1+ 1.02

Bajaj Auto Finance Ltd P1+ 0.52

IDBI Homefinance Ltd A1+ 0.51

Kotak Mahindra Prime Ltd P1+ 0.10

United Phosphorus Ltd. PR1+ 2.06

Rashtriya Ispat Nigam Limited A1+ 2.06

Raymond Ltd. PR1+ 1.14

NCD/FRN 1.58

Power Finance Corporation AAA 1.16

Kesoram Industries Limited PR1+ 0.42

Cash, Others 38.02

Total Net Assets 100.00Quantitative Indicators: (HIP - Growth)

Scheme Benchmark Scheme Benchmark

Std. Dev (Annualised) : 0.60 0.74 Sharpe Ratio : 0.13 -0.01

Portfolio Beta : 0.66 1.00 R Squared : 0.68 1.00

^Risk-free rate based on the last 3 months T-Bill cut-off of 6.02%. Past Performance may or may not be sustained in future.

Source: www.mutualfundsindia.com

Maturity Profile:Average Maturity : 0.74 Months

Gross Yield to Maturity (For Debt Component) : 5.65%

SnapshotFund Manager : Raju Sharma (Debt)

Indicative investment horizon: Upto 1 month

Inception Date : RIP - August 30, 1998,HIP - February 26, 2003,SHIP - May 22, 2003

Average AUM (` lacs) : 3,89,108.60

NAV (as on 31/08/2010)

RIP - Growth : ` 2154.6241

RIP - Dividend (Fortnightly) : ` 1144.9739

HIP - Growth : ` 1558.4060

SHIP - Growth : ` 1735.4683

52 week High(RIP-G) : ` 2154.6241 (31-Aug-2010)

52 week Low(RIP-G) : ` 2069.2036 (01-Sep-2009)

Expense Ratio (HIP) : 0.55% (Please refer to page no. 12/13 for AdditionalInformation)

Figures as on 31/08/2010

Rating Profile

Fund manager comment :

The liquidity situation has improved substantially compared to previous month. However, by midSeptember, there could be pressure on liquidity on account of advance tax outflows. The short termmoney market rates are currently at elevated levels, which is quite attractive from investmentperspective. We are looking to invest at the current levels and also to add on upticks.

Performance Record - Growth Option

Past Performance may or may not be sustained in future. Returns < 1 yr absolute. Returns > 1 yr CAGR.

0.431.24

2.35

4.24

6.47 6.646.08

3.80

6.16 6.235.60

0.491.33

2.33

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

1 Month 3 Month 6 Months 1 Year 3 Years 5 Years SinceInception

Tata Liquid Fund (HIP) Crisil Liquid Fund Index

Maturity Profile

98.86%

1.02%

0.00%

0.00%

0% 20% 40% 60% 80% 100% 120%

Below 3 Months

Between 3 To 6 Months

Above 1 year

Between 6 To 12 Months

Page 12: TATA SIP. Investment ka pehla kadam.

11

TATA FLOATER FUND

Fund positioning: An open ended debt scheme investing in good quality floating rate debt instruments, money market instruments and in fixed rate debt instruments, which canalso be swapped for floating Rate Returns.

Maturity Profile:

Average Maturity : 1.56 Months

Gross Yield to Maturity (For Debt Component) : 6.13%

Debt Portfolio as on 31/08/2010

Scrip Name Rating % to NAV

CD & CP 84.87

Bank Of Baroda A1+ 10.45

Central Bank Of India PR1+ 6.86

Allahabad Bank A1+ 5.58

Canara Bank A1+ 5.54

IDBI Bank Ltd. A1+ 5.24

Punjab National Bank PR1+ 4.06

Karur Vysya Bank Ltd A1+ 3.71

Canara Bank P1+ 2.98

HDFC Bank Ltd PR1+ 2.96

Jammu And Kashmir Bank P1+ 2.95

Union Bank Of India P1+ 2.27

Corporation Bank P1+ 1.77

State Bank Of Patiala A1+ 1.50

Andhra Bank PR1+ 1.27

ICICI Bank Ltd A1+ 1.18

State Bank Of Hyderabad A1+ 1.12

Andhra Bank P1+ 1.12

State Bank Of Mysore A1+ 1.11

Federal Bank Ltd . P1+ 1.04

South Indian Bank Ltd PR1+ 0.89

UCO Bank P1+ 0.75

State Bank Of Bikaner & Jaipur P1+ 0.74

Syndicate Bank P1+ 0.75

Karnataka Bank Ltd A1+ 0.74

Axis Bank Limited P1+ 0.51

Dena Bank P1+ 0.43

State Bank Of Patiala P1+ 0.37

State Bank Of Travancore P1+ 0.37

Punjab & Sindh Bank A1+ 0.37

Utkal Alumina International Ltd PR1+ 0.74

Small Indust Devlop Bank Of India PR1+ 1.50

EXIM A1+ 0.75

Blue Star Limited PR1+ 0.37

Aditya Birla Nuvo Ltd A1+ 0.74

Jindal Steel & Power Ltd. A1+ 0.75

Religare Finvest Limited A1+ 1.51

HDFC Limited A1+ 1.49

Aditya Birla Finance Ltd A1+ 1.11

Rural Electrification Corp. Ltd. PR1+ 1.11

Kotak Mahindra Investments Ltd A1+ 1.04

Kotak Mahindra Prime Ltd P1+ 1.04

J.M. Financial Products Pvt.Ltd P1+ 0.89

STCI Primary Dealer Ltd A1+ 0.75

IDBI Homefinance Ltd A1+ 0.74

Gruh Finance Limited P1+ 0.37

Bajaj Auto Finance Ltd P1+ 0.22

Indian Oil Corp Ltd. P1+ 0.75

H.P.C.L. P1+ 0.37

NCD/FRN 3.69

Union Bank Of India AAA 0.75

Sundaram Fin Ltd LAA+ 2.27

Power Finance Corporation AAA 0.37

HDFC Limited AAA 0.30

ICICI Bank Ltd AAA 0.00

Securitised Debt 1.51

Petronet Lng Ltd F1+ 1.50

Indian Retail Abs Trust 83 LAAA 0.01

Cash, Others 9.93

Total Net Assets 100.00

Quantitative Indicators:Scheme Benchmark Scheme Benchmark

Std. Dev (Annualised) : 0.55 0.74 Sharpe Ratio : 0.47 -0.01

Portfolio Beta : 0.68 1.00 R Squared : 1.00 1.00

^Risk-free rate based on the last 3 months T-Bill cut-off of 6.02%. Past Performance may or may not be sustained in future.

Fund manager comment :

The liquidity conditions have improved in the month of August compared to previous month. Theaverage net LAF borrowing which was in the order of 46K during the previous month has came downto 11K during this month. However, the liquidity may get strained during the second half of September2010, on account of tax outflows. The money market rates are currently at elevated levels which mayremain so for some more time till the liquidity situation returns to surplus mode. Having said, that,the current levels are an excellent investment opportunity. We have positioned our funds accordingly,to profit from the prevailing high rates, as major portion of our fund will get repriced in the currentquarter, thereby increasing the overall portfolio return.

Source: www.mutualfundsindia.com

Maturity Profile

96.24%

2.39%

0.76%

0.00%

0% 20% 40% 60% 80% 100% 120%

Below 6 Months

Between 1 To 3 Years

Above 3 Years

Between 6 To 12 Months

Performance Record - Growth Option

Past Performance may or may not be sustained in future. Returns < 1 yr absolute. Returns > 1 yr CAGR.

0.48

1.39

2.64

4.98

7.14 7.04

3.80

6.16 6.23

0.491.33

2.33

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

1 Month 3 Month 6 Months 1 Year 3 Years Since Inception

Tata Floater Fund Crisil Liquid Fund Index

Average Net Assets as on 31/08/2010 (` Lacs) : 5,55,657.76

SnapshotFund Manager : Raju Sharma (Debt)

Indicative investment horizon: 3 months and above

Inception Date : September 06, 2005

Average AUM (` lacs) : 5,55,657.76

NAV (as on 31/08/2010)

Dividend Daily : ` 10.0356

Dividend Weekly : ` 10.0807

Growth : ` 14.0385

52 week High (G) : ` 14.0385 (31-Aug-2010)

52 week Low (G) : ` 13.3733 (01-Sept-2009)

Expense Ratio: : 0.15% (Please refer to page no. 12/13 for AdditionalInformation)

Figures as on 31/08/2010

Rating Profile

Page 13: TATA SIP. Investment ka pehla kadam.

12

SCHEMES AT A GLANCE

ParticularsTata Equity OpportunitiesFund (TEOF)

Tata Pure Equity Fund(TPEF)

Tata Dividend Yield Fund(TDYF)

Tata Equity P/E Fund(TEPEF)

Date of InitialAllotment

February 25, 1993 May 7, 1998 November 22, 2004 June 29, 2004

Nature & Structureof Scheme

An open ended equity fundfocused on capitalising onopportunities offered by theequity markets from time totime with a proactive fundmanagement strategy and anaim to book profits once thetarget appreciation in priceshas been obtained.

An open ended equity fundwith a medium terminvestment philosophy and isfocused on buying intofundamentally undervaluedcompanies through a processof rigorous research

Tata Dividend Yield Fund(TDYF) is an open endedequity fund that aims to investat least 70% of its assets inshares with high dividendyields.

An open ended equity scheme.The fund aims to identifyundervalued companieswhose rolling P/E ratio are lessthan that of the BSE sensex

Investment

Objective

To provide income distributionand / or medium to long termcapital gains while at all timesemphasising the importanceof capital appreciation.

To provide income distributionand / or medium to long termcapital gains while at all timesemphasising the importanceof capital appreciation.

The investment objective ofthe scheme is to provideincome distribution and / ormedium to long termcapital gains by investingpredominantly in highdividend yield stocks.

The investment objective of thescheme will be to providereasonable and regular incomealong with possible capitalappreciation to its Unitholder.

Entry Load

(including SIP)

Nil Nil Nil Nil

Exit Load

(including SIP)

1%. of the applicable NAV ifredeemed on or before expiryof 365 days from the date ofallotment.

1%. of the applicable NAV ifredeemed on or before expiryof 365 days from the date ofallotment.

1% of the applicable NAV, ifredeemed on or before expiryof 365 days from the date ofallotment.

1%. of the applicable NAV ifredeemed on or before expiryof 365 days from the date ofallotment.

Investment Plans /Options

Dividend Option and GrowthOption

Dividend Option and GrowthOption

Dividend & Growth Dividend Option andGrowth Option

Minimum

Investment

For fresh investment:` 5000/- and in multiples of` 1/- thereafter.

For fresh investment:` 5000/- and in multiples of` 1/- thereafter.

For fresh investment:` 5000/- and in multiples of` 1/- thereafter.

For fresh investment:` 5000/- and in multiples of` 1/- thereafter.

Minimum AdditionalInvestment

` 1000/- and in multiples of` 1/- thereafter.

` 1000/- and in multiples of` 1/- thereafter.

` 1000/- and in multiples of` 1/- thereafter.

` 1000/- and in multiples of` 1/- thereafter.

NAV Determination All Business Days All Business Days All Business Days All Business Days

Average Assets

under managementas on 31st August,2010 (` in lacs)

63,425.79 15,639.60 66,546.8943,983.02

Tata InfrastructureFund (TISF)

December 31, 2004

An open ended equity fundthat invests atleast 70% of itsassets in equity / equity relatedinstrument of companies ininfrastructure sector.

To provide income distribution and/ or medium to long term capitalgains by investing predominantlyin equity/equity relatedinstruments of the companies inthe infrastructure sector.

Nil

1%. of the applicable NAV ifredeemed on or before expiryof 365 days from the date ofallotment.

Dividend Option andGrowth Option

Under each option minimuminvestment ` 5,000/- and inmultiples of `1/- thereafter.

` 1000/- and in multiples of` 1/- thereafter

All Business Days

2,15,686.36

Page 14: TATA SIP. Investment ka pehla kadam.

13

SCHEMES AT A GLANCE

ParticularsTata Balanced Fund(TBF)

Tata Liquid Fund(TLF)

Tata Floater Fund(TFF)

Tata MIP Plus Fund(TMPF)(An open ended fund. MonthlyIncome is not assured and is subjectto availability of distributablesurplus)

Date of InitialAllotment

October 8, 1995 August 30, 1998 September 06, 2005 March 19, 2004

Nature & Structureof Scheme

An open ended balanced fundwith an aim to provide abalanced exposure to bothequities and debt and havinga buy-sell discipline to changethe asset allocation dynamicsin tune with market conditions

An open ended liquid schemeaimed at generating reasonablereturns and provide high liquiditywith orientation towards capitalpreservation with investmentsprimarily in short term fixedincome and money marketinstruments issued by highlyrated borrowers.

An open ended debt schemeinvesting in good quality floatingrate debt instruments, moneymarket instruments and in fixedrate debt instruments, whichcan also be swapped forfloating rate returns.

An open-ended fund. MonthlyIncome is not assured and issubject to the availabilty ofdistributable surplus.

InvestmentObjective

To provide income distributionand / or medium to long termcapital gains while at all timesemphasising the importanceof capital appreciation.

To create a highly liquidportfolio of good quality debtas well as money marketinstruments so as to providereasonable returns and highliquidity to the Unitholders.

To generate stable returns with alow interest rate risk strategy bycreating a por tfolio that ispredominantly invested in goodquality floating rate debtinstruments, money marketinstruments and in fixed rate debtinstruments, which can also beswapped for floating rate returns.

The investment objective of theScheme is to providereasonable and regular incomealong with possiblecapital appreciation to itsUnitholder.

Entry Load

(including SIP)

Nil Nil Nil Nil

Exit Load

(including SIP)

1%. of the applicable NAV ifredeemed on or before expiryof 365 days from the date ofallotment.

Nil Nil 1% of the applicable NAV, ifredeemed on or before expiry of365 days from the date ofallotment

Investment Plans /

Options

Dividend Option, MonthlyDividend Option and GrowthOption

Regular Income Plan(RIP):Offers Daily/For tnightlyDividends & Growth Option.High Investment Plan (HIP):Offers Daily / Weekly /Monthly Dividends & GrowthOption Super High InvestmentPlan (SHIP) :Offers Daily /Weekly / Monthly Dividendsand Growth Option.

Growth and DividendOption.

Growth Option and DividendOption (payout / re-investment). Dividend Optionhas three sub options i.eMonthlyDividend Option, Quar terlyDividend Option, Half YearlyDividend Option

MinimumInvestment

For fresh investment:` 5000/- and in multiples of` 1/- thereafter.

RIP: ` 10,000/- and inmultiples of ` 1/- thereafter.HIP: ` 10 lakhs and inmultiples of ` 1/- thereafter.SHIP: ` 1 crores and inmultiples of ` 1/- thereafter.

Minimum Application` 10,000 and in multiples of`1 thereafter

Monthly Dividend Option :` 25000/- and in multiples of` 1/- thereafter.Quar tely :` 10000/- and inmultiples of ` 1/- thereafter.Growth Option :` 5000/- andin multiples of ` 1/- thereafter.

Minimum Additional

Investment

` 1000/- and in multiples of` 1/- thereafter.

RIP: ` 10,000/- and inmultiples of ` 1/- thereafter.HIP: ` 1 lac and in multiples of` 1/- thereafter. SHIP: ` 1 lacand in multiples of ` 1/-thereafter.

`1,000/- and in multiples of` 1/-.

Monthly Dividend Option :` 5000/- and in multiples of` 1/- thereafter.Quar terly & Growth Option:` 1000/- and in multiples of` 1/- thereafter.

NAV Determination All Business Days All Days All Business Days All Business Days

Average Assets

under managementas on 31st August,2010 (` in lacs)

28,883.50 3,89,108.60 5,55,657.76 13,052.13

Tata Life Sciences &Technology Fund (TLSTF)

July 2, 1999

An open ended equity schemewhich aims to invest in fastgrowing, intellectual propertydriven new economy sectorswhich have the potential ofcreating long term value.

To provide income distributionand / or medium to long termcapital gains while at all timesemphasising the importance ofcapital appreciation.

Nil

1%. of the applicable NAV ifredeemed on or before expiryof 365 days from the date ofallotment.

Dividend Option and GrowthOption

For fresh investment: ` 5000/-and in multiples of ̀ 1/-thereafter.

` 1000/- and in multiples of` 1/- thereafter.

All Business Days

6,261.65

The cut-off timing for acceptance of subscription / repurchase / switch requests for all schemes (*except Tata Liquid Fund) Upto 3 p.m. closing NAV of the day of receipt of application; after 3 p.m. closing NAV of next

business day.

Tata Liquid Fund: Subscription: For applications received upto 12.00 noon on a day and funds are available for utilization on the same day the closing NAV of the day immediately preceding the day of receipt of

application. Applications received after 12.00 noon on a day and funds are available for utilization on the same day the closing NAV of the day immediately preceding the next business day. Re-purchase: Upto 3.00

pm the closing NAV of the day immediately preceding the next business day. After 3.00 pm the closing NAV of the next business day. Switches: Valid applications for “switch out” shall be treated as redemption

and for “switch in” shall be treated as purchases & relevant NAV shall be applicable accordingly. *Classified under liquid fund category.

Page 15: TATA SIP. Investment ka pehla kadam.

14

TATA INFRASTRUCTURE FUND

Dividend per unit (`) NAV (`) (Date of Declaration of dividend)

0.45 11.4230 (07/07/2005)1.50 22.0400 (10/11/2006)2.00 19.0546 (09/03/2007)2.00 24.0726 (14/09/2007)1.00 24.6787 (11/03/2008)1.00 30.9984 (25/09/2009)0.60 22.2871 (23/03/2010)

Past performance may or may not be sustained in future. After payment of dividend the NAV will fall tothe extent of dividend payout and statutory levy, if any. (Unit face value - ` 10/-).

TATA EQUITY P/E FUND(Before 30th September 2009)

Dividend per unit (`) NAV (`) (Date of Declaration of dividend)

0.5 11.4449 (23/09/2004)0.5 31.1969 (25/03/2008)

(After Split under Dividend Option w.e.f. 1st October 2009 - Dividend Trigger Option A (5%))

Dividend per unit value (`) NAV (`) (Date of Declaration of dividend)

1.8 39.8535 (26/11/2009)1.5 41.2148 (15/01/2010)1.5 41.0426 (27/08/2010)

(After Split under Dividend Option w.e.f. 1st October 2009 - Dividend Trigger Option B (10%))

Dividend per unit value (`) NAV (`) (Date of Declaration of dividend)

3.0 43.1703 (15/01/2010)1.5 41.5023 (27/08/2010)

Past performance may or may not be sustained in future. After payment of dividend the NAV will fall tothe extent of dividend payout and statutory levy, if any. (Unit face value - ` 10/-).

TATA PURE EQUITY FUNDDividend per unit value (`) NAV (`) (Date of Declaration of dividend)

2.00 17.7633 (07/01/2004)1.50 15.1738 (25/03/2004)2.00 17.3620 (02/12/2004)1.50 16.7626 (27/04/2005)1.00 21.9085 (17/01/2006)3.00 31.5816 (01/06/2007)2.00 22.9656 (17/04/2009)2.00 38.2936 (09/07/2010)

Past performance may or may not be sustained in future. After payment of dividend the NAV will fall tothe extent of dividend payout and statutory levy, if any. (Unit face value - ` 10/-).

TATA EQUITY OPPORTUNITIES FUND

Dividend per unit value (`) NAV (`) (Date of Declaration of dividend)

1.00 15.8183 (11/05/2005)1.00 20.1350 (29/11/2005)5.00 25.2299 (20/03/2006)1.00 21.1290 (12/04/2006)1.00 21.4375 (05/05/2006)1.00 23.3049 (29/06/2007)1.00 31.1517 (30/11/2007)1.50 18.9974 (26/06/2009)2.00 24.1747(26/03/2010)0.50 22.0757 (22/06/2010)

Past performance may or may not be sustained in future. After payment of dividend the NAV will fall tothe extent of dividend payout and statutory levy, if any. (Unit face value - ` 10/-).

TATA LIFE SCIENCES AND TECHNOLOGY FUND

Dividend per unit value (`) NAV (`) (Date of Declaration of dividend)

2.50 20.8978 (31/03/2000)1.80 14.6227 (04/11/2003)2.50 39.6040 (24/11/2006)2.50 38.9969 (27/04/2007)4.00 37.2647 (25/05/2007)5.00 35.0657 (06/07/2007)2.00 24.9302 (10/07/2009)2.00 24.9302 (10/07/2009)2.00 35.4318 (20/08/2010)

Past performance may or may not be sustained in future. After payment of dividend the NAV will fall tothe extent of dividend payout and statutory levy, if any. (Unit face value - ` 10/-).

DIVIDEND HISTORY

• The Std. Dev., Sharpe Ratio, 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.

• The standard deviation is used to measure the volatility of returns.

• Sharpe Ratio is the measure of the risk-adjusted performance. It is calculated by subtracting the risk-free rate from the average rate of return for a portfolio and dividing the result by the standard deviation ofthe portfolio returns.

• Beta is the measure of the portfolio's volatility to its respective benchmark.

• R-squared is a measurement of how closely a portfolio's performance correlates with the performance of benchmark index.

Notes and Data in the Fact Sheet

TATA DIVIDEND YIELD FUND

Dividend per unit value (`) NAV (`) (Date of Declaration of dividend)

0.40 11.0776 (07/02/2005)1.00 14.2886 (20/12/2005)1.00 11.9191 (21/07/2006)1.00 23.8872 (14/12/2007)1.50 16.2605 (03/07/2009)2.00 22.4296 (23/07/2010)

Past performance may or may not be sustained in future. After payment of dividend the NAV will fall tothe extent of dividend payout and statutory levy, if any. (Unit face value - ` 10/-).

TATA BALANCED FUND

Dividend per unit value (`) NAV (`) (Date of Declaration of dividend)

1.25 19.0084 (09/09/2003)1.50 22.6691 (11/03/2004)3.00 24.7554 (12/01/2005)4.00 40.5078 (01/12/2006)2.00 42.7533 (13/07/2007)1.00 52.4219 (07/12/2007)1.00 32.5227 (24/04/2009)3.00 50.9370 (19/03/2010)

Past performance may or may not be sustained in future. After payment of dividend the NAV will fall tothe extent of dividend payout and statutory levy, if any. (Unit face value - ` 10/-).

TATA MIP PLUS FUND

Dividend per unit value (`) NAV (`) (Date of Declaration of dividend)

0.0577 10.5485 (16/01/2007)0.0540 10.4797 (15/02/2007)0.0471 10.1816 (15/03/2007)0.0475 10.3526 (17/04/2007)0.0403 10.3882 (15/05/2007)0.0432 10.4751 (14/06/2007)0.0461 10.7390 (16/07/2007)0.0484 10.7390 (16/08/2007)0.0452 10.6700 (14/09/2007)0.0499 10.9981 (16/10/2007)0.0468 11.1391 (16/11/2007)0.0499 11.2801 (17/12/2007)0.0468 11.3933 (16/01/2008)0.0452 10.9610 (14/02/2008)0.0499 10.5319 (17/03/2008)0.0452 10.5667 (15/04/2008)0.0468 10.6638 (15/05/2008)0.0499 10.4105 (17/06/2008)0.0515 10.3218 (18/08/2008)0.0336 10.1044 (15/09/2008)0.0372 10.0786 (15/01/2009)0.0432 10.5420 (15/04/2009)0.0418 10.6248 (14/05/2009)0.0614 11.0176 (15/06/2009)0.0447 10.9508 (16/07/2009)0.0557 11.0222 (14/08/2009)0.0614 11.0463 (15/09/2009)0.0418 11.0579 (14/10/2009)0.0475 11.1949 (16/11/2009)0.0418 11.1808 (15/12/2009)0.0447 11.2875 (15/01/2010)0.0447 11.1795 (15/02/2010)0.0403 11.1771 (15/03/2010)0.0448 11.2696 (15/04/2010)0.0419 11.3233 (14/05/2010)0.0462 11.3319 (15/06/2010)0.0578 11.5313 (15/07/2010)0.0616 11.5208 (16/08/2010)

Past performance may or may not be sustained in future. After payment of dividend the NAV will fallto the extent of dividend payout and statutory levy, if any. (Unit face value - ` 10/-).

Page 16: TATA SIP. Investment ka pehla kadam.

Disclosures: Cash and others includes Bank Balances, Receivables, Residual holdings, etc. Statutory Details: Constitution: Tata Mutual Fund has been set up as a

trust under the Indian Trusts Act, 1882. Sponsors and Settlors: Tata Sons Ltd., Tata Investment Corporation Ltd. Risk Factors: l All investments in Mutual Fund and

securities investments are subject to market risks and there can be no assurance and no guarantee that the schemes will achieve their objectives. l As with any

investment in stocks, shares and securities the NAV of the units under the schemes can go up or down, depending upon the factors and forces affecting the

capital market. l Past performance of the previous Schemes, the Sponsors or its Group affiliates is not indicative of and does not guarantee the future performance of

the Schemes. l Tata Balanced Fund, Tata Dividend Yield Fund, Tata Pure Equity Fund, Tata Liquid Fund, Tata MIP Plus Fund, Tata Equity Opportunities Fund, Tata

Life Sciences & Technology Fund, Tata Equity P/E Fund, Tata Infrastructure Fund, Tata Floater Fund, are only the names of the Schemes and do not in any

manner indicate either the quality of the Schemes, its future prospects or the returns.l The sponsors are not responsible or liable for any loss resulting from the

operations of the scheme beyond the initial contribution of Rs.1 lac made by them towards setting up the Mutual Fund. l Investment in fixed income securities are

subject to interest rate risk, credit risk and liquidity risk. l Pursuant to allotment of bonus units the NAV of the schemes would fall in proportion to the bonus allotted and

as a result the total value of units held by the investor would remain same. l Tata Infrastructure Fund - The scheme being sector specific will be affected by risks

associated with the Infrastructure Sector. l Tata Life Sciences & Technology Fund - The scheme being sector specific will be affected by risks associated with the Life

Sciences & Technology Sector. l Tata Floater Fund - Investment in floating rate debt instrument is subject to Basis Risk and Spread Risk. l In case of downward

movement of interest rates floating rate debt instruments will give a lower return than fixed rate debt instruments. l Monthly income is not assured and is subject to the

availability of distributable surplus. l For scheme specific risk factors and other details please read the scheme information document carefully before investing.

Investment Manager: TATA ASSET MANAGEMENT LTD. Trustee: TATA TRUSTEE COMPANY LTD.

E-mail: [email protected] Website: www.tatamutualfund.com

Computer Age Management Services (P) Ltd: Contact : 1-800-425-2267

BRANCH CONTACT DETAILSfree at : 1800-209-0101 SMS: ‘TMF’ to 57575

West Zone: Mumbai: Tata Asset Management Ltd., Mulla House, Ground Floor, 51, M.G. Road, Near Flora Fountain, Mumbai - 400 001. Tel.: 022-66315191/92/93, Fax: 022- 66315194. Borivali: Ground Floor, Shop No. 8, Victor Park, Behind Indryani Saree Shop, Chandarvarkar Road, Borivali (West), Mumbai - 400 092. Tel.: 022-65278852.Ahmedabad: 402, ‘Megha House’, Mithakhali - Law Garden Road, Netaji Marg, Ahmedabad - 380 006. Tel.: 079- 6541 8989/ 6544 7799. Fax: 079-2646 6080. Pune: Tata Asset Management Ltd., Office No 33, 3rd Floor, Yashwant, Opp Lane No. 9, Prabhat Road, Pune – 411 004. Tel.: 020-41204949, Telefax:- 41204953. Surat: 421, Jolly Plaza, Near Collector Office, Next to G.P. College, Athwa Gate, Surat - 395 001. Tel.: 0261-6554418 / 19, Fax: 0261-2470326. Vadodara: 202- 203 Madhav Complex, RC Dutt Road,GEB Circle, Alkapuri, Vadodara - 390 007. Tel.: 0265-6641888/2356114, Fax: 0265-6641999. Rajkot: Arhant Plaza , 201, 2nd Floor, Subhas Road, Near Moti Taki, Rajkot - 360001. Tel.: 0281-6624848/6544949. Indore: G-25, City Centre, 507 M.G. Road, Indore - 452 001. Tel.: 0731-4201806, Fax 0731-4201807. Bhopal: Tata Asset Management Ltd., MF-12, Block-A, Mansarovar Complex, Near Habibganj Railway Station, Bhopal - 462 016. Tel.: 0755- 2574198/3050438. Nashik: 5, Samriddhi Residency, Opp Hotel City Pride, Tilakwadi, Nashik - 422 002. Tel.: 0253-6605138 / 0253-6510315, Fax: 0253-2579098. Goa: Tata Asset Mangement Ltd, FO-4, 1st Floor, Indraprastha, Above Dena Bank, Dr Shirgaonkar Road, Panjim. Goa-403001. Tel.: 0832 - 6451135/36/2422135, Fax: 0832-2422135. Jabalpur: TATA Asset Management Ltd., Office No. 4, 1178 , Napier Town, Home Sciences College Road, Jabalpur - 482 001(M.P.). Tel.: 0761-4074263. Nagpur: "Mile Stone", 1st Floor, Near Lokmat Square, Wardha Road, Ramdaspeth, Nagpur - 440 010, Tel.: 0712-663 0245 / 650 2885.

East Zone: Bhubaneswar: Janpath Tower, Room-208, 2nd Flr, Ashok Nagar, Bhubaneswar - 751009. Tel.: 0674-2533818. Dhanbad: 4th flr, Room No-409, Shriram Plaza, Bank More, Dhanbad - 826 001. Tel.: 9234302478/0326-2300304. Durgapur: A 206, 1st Flr, Kamdhenu Bengal Shristi Complex, City Centre, Durgapur - 713 216. Tel.: 9932241935.Guwahati: 109, 1st Flr, Orion Tower, Christian Basti, G S Road, Guwahati - 781 005 (Assam). Tel.: 0361-2343084. Kolkata: Tata Centre, 1st Floor, 43, J L Nehru Road, Kolkata - 700 071. Tel.: 033-22883413/5, 22881534. Fax: 033-22881535. Jamshedpur: C/o Mithila Motors Ltd, 1st Floor, Bistupur, Jamshedpur - 831 001. Tel.: 0657-2756021/22/23/30. Raipur: 331 & 332, 3rd Flr, Lalganga Shopping Mall, G E Road, Raipur - 492 001 (Chhattisgarh). Tel.: 0771-2543354. Ranchi: Shop No. 23 A, Second Floor, A.C. Market, Main Road, Ranchi. Jharkhand 834001. Tel.: 0651-2330704/2330226. Patna: 605, 6th Flr, Ashiana Hariniwas, New Dak Bunglow Chowk, Patna - 800 001. Tel.: 0612-2206497/6450120.Bhilai: Shop No.145, Ground Floor, Chauhan Estate, Near HDFC Bank, Bhilai - 490 001. Tel.: 0788-2295625.

North Zone: Agra: G-12, Block No.19/4, Vimal Tower, Sanjay Place, Agra - 282 002. Tel.:- 0562-2525195. Allahabad: 43/1, S P Marg, 1st Floor, Opp. MAK Tower, Civil Lines, Allahabad (UP) - 211 001. Tel. :- 0532-6451122. Amritsar: Mezzanine floor, S.C.O – 25, B Block, District Shopping Complex, Ranjit Avenue, Amritsar – 143 001. Tel.: 98140 82808. Chandigarh: Cabin No.3-4-5, 1st Floor, Meeting Point, SCO - 487/488, Sector- 35C, Chandigarh - 160 022. Tel.: 0172 - 5087322 /6450322/2605320, Fax: 0172 - 2603770. Dehradun: Shop No. 19, Ground Floor,Shree Radha Palace, 78, Rajpur Road, Dehradun-248001, Uttarakhand. Tel.: 0135-6450877. Jaipur: 233, 2nd Floor, Ganpati Plaza, M I Road, Jaipur - 302 001. Tel.: 0141 - 5105177 / 78 / 2389387 / 6539009, Fax: 5105178. Kanpur: 4th floor, Office no. 412 - 413, KAN Chambers, 14 / 113, Civil Lines, Kanpur - 208 001. Tel.: 0512 - 2306066, Fax: 0512 - 2306065. Delhi: 7th Floor, No. E - H, Vandana building, 11, Tolstoy Marg, Connaught Place, New Delhi 110 001. Tel.: 011-66324111/102/103/104/105, Fax: 011-66303202. Lucknow: Office No.2, Saran Chambers-I, 1st Floor, 5,Park Road, Lucknow - 226 001. Tel.: 0522-6452432/4001731, Fax: 0522-2235386. Ludhiana: Cabin No. 201, 2nd. Floor, SCO 18, Opp Ludhiana Stock Exchange, Feroze Gandhi Market, Ludhiana - 141 001. Tel.: 0161 - 5089667/6503366, Fax: 0161-2413498. Moradabad: Tata Asset Management Ltd., Ground floor, Near Hotel Rajmahal, Civil Lines, Moradabad – 244 001, Tel.: 0591 - 2410667, 6535002. Jodhpur: Ground Floor, Jaya Enclave , 79/4, Opp IDBI Bank, 1st A Road, Sardarpura, Jodhpur - 342 001. Tel.: 0291-6450555/2631257, Fax: 0291-2631257. Udaipur: Office No - 4, 2nd Floor, Madhav Appartment, Opp GPO, Chetak Circle, Udaipur - 313 001. Tel.: 0294 - 6450979/ 2429371, Fax: 0294-2429371. Varanasi : D-64/127, C-H Arihant Complex, Sigra, Varanasi - 221010 Tel .: 0542 - 6544655. Jalandhar : 2nd Floor, Above ING Vyasya Bank, Namdev Chowk, Jalandhar 144 001 Tel.: 0181-5001024/25.

South Zone: Bangalore: 4/6, Millers Road, High Grounds, Bangalore – 560 052. Tel.: 080-66561313 / 65335986 / 65335987, Fax: 080-22370512. Calicut: C-8 & 9, Friends Commercial Complex, Near Federal Towers,Arayadathu Palam, Mavoor Road, Calicut - 673016. Tel.: 0495-6450508. Chennai: TATA Asset Management Ltd, Riaz Garden, 3rd Floor, No:29, Kodambakkam High Road, Near Palmgrove Hotel, Nungambakkam, Chennai - 600 034. Tel.: 044-64541868/69/78. Fax: 044-43546313. Cochin: 2nd Floor, Ajay Vihar, JOS Junction, M. G. Road, Cochin - 682 016. Tel.: 0484 - 2377580, 6533107, 6467813/14/15/16. Fax: 0484 - 237 7581. Coimbatore: Tulsi Chambers, 195 F, Ground Floor, West T V Swamy Road, R S Puram, Coimbatore – 641002. Tel.: 0422 - 6502133/44, 4365635, Fax: 2546585. Hyderabad: 3rd floor, Block B, R R Estate, G.S MALL, Somajiguda, Hyderabad-82. Tel.: 040-65961237/38 & 65548290, Fax: 040-66363187. Hubli: 15 & 16, 2nd floor, Eureka Junction, Travellers Bangalow Road, Above ICICI Bank, Hubli - 580 029. Tel.: 0836-6450342 Fax: 4251510. Kottayam: C S I Ascention Square, Collectrorate P. O., Kottayam - 686 002. Tel.: 9447559230. Mangalore: Tata Asset Management Ltd., Essel Towers, 1st Floor, Bunts Hostel Circle, Above UTI Bank, Mangalore - 575 003. Tel.: 0824-6450308. Madurai: A - 1st Floor, A.R. Plaza, No:16/17,North Veli Street, Madurai-625001. Tel.: 0452-6454330 Fax: 0452-4246315 Mysore: 847, 1st Floor , New Kantharaja Urs Road, Above New Krishna Sweets & Bakery, Kuvempu Nagar, Mysore - 570 023. Tel.: 0821-6450470 Fax: 4246676. Salem: Raj Towers, Ground Floor, No: 4, Brindavan Road, Fairlands, Salem - 636 016. Tel.: 0427-6451653 Fax: 4042028. Thiruvananthapuram: Krishna Tower, 4th Floor, Sasthamangalam, Trivandrum - 695 010 Tel.: 0471-6535431/2319139 Fax: 0471-2319139 Trichy: No.60/3, 'Krishna', 2nd Floor, Sastri Main Road,Tennur, Trichy - 620 017. Tel.: 0431-6455060. Thrissur: 4th Floor, Pathayappura buildings, Round South, Thrissur - 680 001. Tel.: 0487-6451286. Vijaywada: Ground Floor, D. no.40 – 13 – 5, Sri Rama Chandra Complex, Chandra Mouli Puram, M. G. road, Benz Circle, Vijayawada – 520 010. Tel.: 0866-6532621. Vishakapatnam: Door no. 47-15-14 & 15, Shop no. 102 B, Ground floor, V R C Complex, Opp. T S R Complex, Next to Andhra Bank, Visakhapatnam – 530 016. Tel.: 0891 – 6451883 Fax: 0891-2503292.