big 5 final

8/7/2019 BIG 5 Final

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Tata Mutual Fund·s

Most mutual fund investment styles take a blinkered view towards

investment. It is always about investing in the fund in favor. This approach

is fraught with risk as the theme in vogue changes faster than the weather.

A right mix of themes would bring in the essence of true diversification.

Tata Mutual Fund has chosen five such themes from its stable under the

BIG 5 banner

Tata Infrastructure Fund/ Tata Pure Equity Fund/Tata Equity Opportunities Fund/ Tata Equity PE Fund/Tata Balanced Fund



India

Will money be made from here?



Performance at a Glance

As on February 28, 2010

Scheme Vs. Benchmark Last 1 Year Last 3 Years Last 5 Years Since Inception

Tata Life Sciences & Technology Fund 134.53% 9.77% 21.30% 20.09% (13.65%)

Tata Service Industries Fund 129.79% 5.45% N/A 17.79% (20.62%)

Tata Equity P/E Fund 121.03% 20.34% 23.97% 28.69% (24.04%)

Tata Select Equity Fund 117.09% 8.11% 19.83% 18.66% (11.41%)

Tata Equity Opportunities Fund 109.61% 10.99% 20.97% 12.58% (10.96%)

Tata Growth Fund 108.83% 7.56% 14.40% 10.06% (9.23%)

Tata Dividend Yield Fund 107.84% 17.96% 18.93% 20.61% (21.20%)Tata Capital Builder Fund 103.03% 9.31% N/A 9.04% (9.58%)

BSE Sensex 84.78% 8.28% 19.59%

Figures in brackets indicate benchmark returns for the corresponding period. Returns are given for growthoption except for TGF. Returns for TGF are for dividend option. All payouts during the period are assumed to be

reinvested in the units of the scheme at the then prevailing NAV & while calculating returns dividenddistribution tax is excluded. N/A - No figures available for other periods. Past performance may or may not besustained in future



India - What others are saying?

³India has among the

highest returns on foreigninvestment.´

US Department of Commerce

³India is among the three most

attractive FDI destinations in the

world.´

A T Kearney

FDI Confidence Index 2005

³India has evolved into one of

the world's leading

technology centers.´

Craig Barrett

Intel Corporation³By 2032, India will be

among the three largest

economies in the world.´

BRIC Report, Goldman Sachs

³The Indian market has two core

advantages - an increasingpresence of multinationals and

an upswing in the IT exports.´

Travyn Rhall,

ACNielsen

³We came to India for the

costs, stayed for the quality

and are now investing for innovation.´

- Dan Scheinman, Cisco System Inc. as told

to Business Week, August 2005

³India is a developed

country as far as intellectual

capital is concerned.´

Jack Welch

General Electric

³Indian Business has secured a

niche in the world economy that can only

grow in importance. The question is no

longer whether India can fly but how high.´

The Economist, June 3-9, 2006

³...Fueled by high-octane growth, the world's

largest democracy is becoming a global

power«In ways big and small, Indians are

changing the world...´TIME - June 26, 2006 issue



R eal GDP growth in major

economies/regions

Source : Tata Securities Research

6.0



Lead indicators pointing to near

term uptick

Source : Morgan Stanley

Cement Dispatches Railway Freight Traffic Growth

Export Growth (YoY%)Auto Sales Trend



Lead indicators pointing to near

term uptick


TelecomTourism

-40%

-30%

-20%

-10%

0%

10%

20%

30%

40%

50%

60%

70%

Jan-03 Oct-03 Jul-04 Apr-05 Jan-06 Oct-06 Aug-07 May-08 Feb-09 Nov-09

Tour is t arr ivals Tour is t Earn ings (US$mn)YoY%, 3mma

Steel Production Cargo Handled at Airports



Big stories where money will be made

Consumption

Outsourcing

Infrastructure

Financial Intermediation

Rural



Consumption



India - Largest Contributor to Working

Population in Coming Decade




J - Curve: The next phase

India·s consumption will take off in

~2012 -15 as demographics result in

the magic figure of 50:40 for

dependency/ working pop, as it didfor the US in the 80s & China in the

90s

Growth in private consumption

expected to jump from 4% in FY10 to7% in FY11, driven by payment of back wages to state governmentemployees, cut in income tax rate andstrong spending on welfare schemes.

Source : Goldman Sachs BRICs Model Projections



Outsourcing



R evenue Potential for global

outsourcing

Source : Nasscom - McKinsey



Next big pharmaceutical destination

Cost of conducting research in India is

over 50% less than cost in developed

world

End-to-end solutions across the drug-

development spectrum

Growing clinical data management and

bio-statistics market

Lower cost of conducting quality clinical

trials industry due to India·s large and

diverse population



Infrastructure



Infrastructure finally being built

Source : ENAM



K rishna Godavari ² D6 Gas Basin Bangalore International Airport

Delhi Metro Bandra Worli Sea Link

Mundra Port

Infrastructure Successes



Mumbai Metro Rail Mumbai Monorail

Common Wealth Games- Delhi 2010 Sasan Power Project

Work in Progress



Financial Intermediation



Trends in Savings and Investments

(% GDP)

Source : Citigroup



Underinvestment in equities




R ural



Enhanced social/rural sector spending

cushioned the economy

Source: Edelweiss research; NHRM: National Rural Health Mission, NREGS: National Rural Employment Guarantee

Scheme, JNNURM: Jawaharlal Nehru National Urban Rural Mission, ICDS: Integrated Child Development Scheme, APDRP:Accelerated Power Development and Reform Programme



R isks for the R ewards

PIIGS

Inflation / Interest rates

Political stability / Policy stability /Economic stability

Global slowdown ² Exports / Fund

Inflows

Fiscal Deficit



Growth less dependent on exports

Source: Edelweiss Research



R eviving investor confidence

Source: www.sebi.gov.in

C tive II Net Invest ent

¡

¢

3

£

¤

6

¥

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§

33

66

r

ec

Ye rs

U

in Bn



FDI inflows

Source www.dipp.nic.in

l i FDI Inflows in In i

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o r

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Divestment candidates

Potential PSU IPOs

Company Estimated (INR BN)

NMDC* 141

REC* 35

Bharat Sanchar Nigam 400

Coal India 30

Ennore port 8

National aviation Co of India 12

North Eastern Electric Power Corp. 2

Numaligarh refinery 8

Rites 3

Satluj jal vidyut nigam 12

Sethusamudram corp. 2

Telecommunications consultants India 4

Source : Budget Proposals, Various websites. *Done



Beyond the Economic R ecovery



The Next 3 months

Growth trend to gain momentum

Also, higher inflation & volatility

Global events and news flow to influence market moves Inflows into Domestic Institutional Investors

Implementation of budget proposals, reforms and

divestment



The next twelve months

Gradual but further withdrawal of stimulus

Revival of growth spreads to more industries

Consumer Optimism ~ Business Optimism ~ InvestmentOptimism

Government Policies

The great Indian PSU sale or everyone benefits from a bull

market

Emphatic recovery of the investment cycle

Return of a new carry trade



Beyond the next year

Gradual repair and recovery of the global economy

Emerging economies consistent outperformers ² stable

markets / stable currencies

The great move of savings to ´emerging market riskµ -

Increased globalization of financial savings deployment

Improving performance of companies / positive fund flows /

stable politics

The coming bull run



S ENS EX F ORW

ARD P / E BANDS

0

5 0 0 0

1 0 0 0 0

1 5 0 0 0

2 0 0 0 0

Mar-90

Mar-91

Mar-92

Mar-93

Mar-94

Mar-95

Mar-96

Mar-97

Mar-98

Mar-99

Mar-00

Mar-01

Mar-02

Mar-03

Mar-04

Mar-05

Mar-06

S our c e : Mor ga

n S t a nl e y



Tata Mutual Fund·s BIG 5



Why invest in Infrastructure Funds?

Our economy cannot reach its GDP growth potential without

adequate infrastructure.

Infrastructure investment is the key to achieve inclusive

growth ² hence non-negotiable

This can translate into long term growth of companies in the

infrastructure sector.

As an investor you can participate in a growth theme in one of

the fastest growing economies



India·s First Mutual Fund scheme predominantly investing in infrastructure

sector & related companies

Has successfully completed more than 5 years

Outperforming its benchmark : Rs.1 lakh invested at inception has become

Rs. .41 lakhs (Benchmark Sensex has become Rs 2.8 lakhs). Past performance

may or may not be sustained in future.

Available with Automatic Trigger Facility

Mix of large and mid cap stocks with growth orientation in line with the theme.

Currently, Industrial capital goods has the highest exposure in the portfolio at

about 15% followed by banks with 14%.

The current portfolio is largely skewed towards domestic themes with about 7 %

exposure.



Why invest in an Equity

Diversified fund?

This is a fund which should form the

core of any investment portfolio

The Equity Diversified fund is the

classical entry point for any mutual

fund investor.

This portfolio should be relatively

stable & give you consistent returns



A fund with more than 11 years consistent track record

Has gone through two market cycles of boom and bust.

Outperforming its benchmark : Rs.1 lakh invested at inception has become Rs.20.24lakh, (Benchmark Sensex has become Rs 4.55 lakhs). Past performance may or may not

be sustained in future.

Predominantly a large cap biased fund

Currently has about 9% in mid caps

Investment approach is a mix of top down and bottom up analysis.

Software has the highest exposure at 11%

Followed by Banks at 10%.

About 77% of the portfolio is in domestic consumption.



Why invest in an Opportunity

Fund ?

This space is suitable for investors who are

looking for stock picks & fund manager

ability to identify winners in their early stage

Companies which look fundamentally strong are picked up purely on the basis of merit

from across the spectrum of capitalization

(small cap/mid-cap/large cap)

This space gives an investor a multi-cap

coverage along with bottom up stock picking

delight



Outperforming its benchmark : Rs.1 lakh invested since inception has now become Rs. 1 .91

lakh, (Benchmark Sensex has become Rs 4.91lakhs). Past performance may or may not be

sustained in future.

A fund with 12 years consistent track record The fund adopts a predominantly bottom-up strategy.

This fund is well positioned as a ´stock picker·s delightµ.

Multi cap orientation and tries to seek out opportunities

Has a track record of giving regular dividends. Currently has a larger exposure to mid caps resulting in good performance in the last 1yr year

Fairly diversified portfolio

Software has an exposure of 1 % followed by consumer non durables at 11%.

Wipro and Infosys are the only index stocks in the top ten.



Why invest in a balanced fund?

A balanced fund helps the investor get the classical asset

allocation advantage with part of the investment in equities and

the balance in debt thereby providing insulation from equity

market volatility

Idle for medium-term investors and investors who have some

appetite for equity, but are hesitant to invest 100% in equity funds

With fixed income rate on rise, the fixed income portion will addreasonable stable return once interest rate peak out & stabilize in

the real term



This fund has shown consistence performance for the last 14 years

Outperforming its benchmark : Rs.1 lakh invested since inception has become

Rs. .02 lakhs (Benchmark Crisil Balanced Fund Index has become Rs .28

lakhs). Past performance may or may not be sustained in future.

This fund invest between 5 to 75% in equities and the remaining in debt.

The equity portion is currently run like the opportunities fund

The debt portion is largely in money market instruments.

Highest exposure in the scheme is in software

Followed by consumer durables and pharmaceuticals.

Has been recognized by several rating agencies.



Past performance may or may not be sustained in future. R eturns are

given for growth option. Date of initial allotment: October 8, 1995

R eturns Tata Balanced Fund Crisil Balanced Fund Index

6 Months 10.10 3.27

1 ear 77.74 47.31

3 ears 16.06 11.37

5 ears 20.98 15.91

Since Inception 17.51 NA

Fund Corpus : Rs. 273rore NAV: Div = Rs.47.95 Growth = Rs.76.03

Please Note: Returns<1 yr Absolute. Returns > 1Yr CAGR. Source: Mutualfundsindia.com

Performance score card31st March, 2010



This fund has shown consistent performance for the last 5 years

The whole idea is to ´buy good stocks at cheap valuations an not cheap stocksµ

Outperforming its benchmark : Rs.1 lakh invested since inception has now became Rs.4. 4 lakhs,(Benchmark Sensex would have become Rs . lakhs). Past performance may or may not be

sustained in future.

At least 70% of its net assets in shares whose trailing P/E ratios are less than that of the BSE

Sensex at the time of investment.

India·s First Mutual Fund scheme with Dividend Trigger Option 5% Trigger has hit twice (18% dividend +15% dividend) since inception of this facility

10% ( 0% dividend) Trigger hit once since October 1, 2009 since inception of this facility

Highest exposure in the scheme is to software followed by Banks & Pharmaceutials



Past performance may or may not be sustained in future. R eturns are

given for growth option. Date of initial allotment: June 29, 2004

R eturns Tata Equity P/E Fund BSE Sensex

6 Months 10.38 2.34

1 ear 108.49 80.54

3 ears 21.99 10.26

5 ears 26.27 21.96

Since Inception 29.30 25.05

Fund Corpus : Rs.459 crore NAV: Div Trigger (5%)= Rs. 38.47 (10%)= Rs.38.90 Growth = Rs.43.90

Please Note: Returns<1 yr Absolute. Returns > 1Yr CAGR. Source: Mutualfundsindia.com

Performance score card31st March, 2010



Thank ou



Statutory Details

Nature and Investment objective: Tata Equity Opportunities Fund: An openended equity Scheme. To provide income distribution and/or medium to long termcapital gains while at all times emphasising the importance of capital appreciation.Tata Infrastructure Fund: An open ended equity Scheme. The investment objective isto provide income distribution and / or medium to long term capital gains by investing predominantly in equity / equity related instrument of companies in

infrastructure sector. Tata Equity P/E Fund: An open ended Equity Scheme. Theinvestment objective of the Scheme is to provide reasonable and regular incomeand/or possible capital appreciation to its Unitholder. Tata Pure Equity Fund: Anopen ended equity scheme. To provide income distribution and/or medium to long term capital gains while at all times emphasising the importance of capitalappreciation. Tata Balance Fund: An open-ended balanced fund The investmentobjective of the scheme is to provide income distribution and / or medium to long

term capital gains while at all times emphasising the importance of capitalappreciation.



Statutory Details

Constitution: Tata Mutual Fund has been set up as a trust under the Indian Trust Act, 1882.Sponsors & Settlors: Tata Sons Ltd., Tata Investment Corporation Ltd. Investment Manager:Tata Asset Management Ltd. Trustee: Tata Trustee Co. Ltd R isk Factors: Mutual Fund andsecurities investments are subject to market risks and there can be no assurance and noguarantee that the schemes will achieve their objectives. As with any investment in stocks,shares and securities the NA V of the units under the schemes can go up or down, dependingupon the factors and forces affecting the capital market. Past performance of the previousSchemes, the Sponsors or its Group affiliates is not indicative of and does not guarantee the

future performance of the Schemes. Tata Equity P/E Fund, Tata Pure Equity Fund and TataBalance fund, Tata Infrastructure Fund, Tata Equity Opportunity, are only the names of theSchemes and do not in any manner indicate either the quality of the Schemes, its futureprospects or the returns. The sponsors are not responsible or liable for any loss resulting fromthe operations of the scheme beyond the initial contribution of R s.1 lac made by them towardssetting up the Mutual Fund. Investment in fixed income securities is subject to interest rate risk,credit risk and liquidity risk. Pursuant to allotment of bonus units the NA V of the schemeswould fall in proportion to the bonus allotted and as a result the total value of units held by theinvestor would remain same. In case of Tata Infrastructure Fund being sector specific will beaffected by risks associated with the Infrastructure Sector. Investment in foreign Securities insubject to various risks such as currency fluctuations, restrictions on repatriation, changes inregulations, political, economic and social instability and the prevalent tax laws of the respectivejurisdictions. For scheme specific risk factors and other details please read the schemeinformation document carefully before investing. The present schemes are not guaranteed orassured return schemes.



The returns of one year are higher largely due to market recovery. Figures in brackets indicate benchmarkreturns for the corresponding period. Returns are given for growth option except for TGF. Returns for TGF arefor dividend option. All payouts during the period are assumed to be reinvested in the units of the scheme atthe then prevailing NAV & while calculating returns dividend distribution tax is excluded. N/A - No figuresavailable for other periods. Date of Allotment: TLSTF - Jul 02, 1999, TSIF - Apr 05, 2005, TSEF - May 24,1996, TEPEF - Jun 29, 2004, TEOF - Feb 25, 1993 & TGF - Jul 01, 1994. * These funds were taken over byTata Asset Management Limited from Indian Bank Mutual Fund in the year 2001. Nature & InvestmentObjective: Tata Life Sciences and Technology Fund (TLSTF): An open ended equity scheme. To provide

income distribution and/or medium to long-term capital gains while at all times emphasizing the importanceof capital appreciation. Tata Service Industries Fund (TSIF): An open ended equity scheme. To provideincome distribution and / or medium to long term capital gains by investing predominantly in equity/equityrelated instrument of the companies in the service sectors. Tata Select Equity Fund (TSEF): An open endedequity scheme. To provide income distribution and/or medium to long-term capital gains while at all timesemphasising the importance of capital. Tata Equity P/E Fund (TEPEF): An open ended equity scheme. Toprovide reasonable income and / or possible capital appreciation to its Unitholder. Tata EquityOpportunities Fund (TEOF): An open ended equity scheme. To provide income distribution and/or mediumto long term capital gains while at all times emphasising the importance of capital appreciation. Tata GrowthFund (TGF): An open ended equity scheme. To provide income distribution and / or medium to long termcapital gains. Tata Capital Builder Fund (TCBF): An open ended equity scheme The investment objective of the scheme is to generate capital appreciation by investing predominantly in equity and equity relatedinstruments of companies across large, mid and small market capitalization. Tata Dividend Yield Fund(TDYF) : An open ended equity scheme. The investment objective of the scheme is to provide incomedistribution and / or medium to long termcapital gains by investing predominantly in high dividend yield stocks. Applicable Loads: Entry Load(including SIP): Nil. Exit Load (Other than in SIP): 1% of the applicable NAV if redeemed on or beforeexpiry of 365 days from the date of allotment. Exit Load for SIP: 1%^ of the applicable NAV if redeemed onor before expiry of 24 months from the date of allotment. ^ The load structure would be applicable for SIP

amount upto Rs 50 Lakhs per installment. For SIP installment above Rs 50 Lakhs the load structure forinvestment other than SIP will be applicable.



Statutory Details: Constitution: Tata Mutual Fund (TMF) has been set up as a Trust under the Indian Trust Act,1882. Sponsors: Tata Sons Ltd.& Tata Investment Corporation Ltd. Trustee: Tata Trustee Company Ltd.,Investment Manager: Tata Asset Management Ltd.

R isk Factors � All investments in Mutual Fund & securities are subject to market risks & theNA V of the

units issued under the schemes can go up or down depending on the factors & forces affecting the capital

markets � Mutual Fund & securities investments are subject to market risks & there can be no assurance

& no guarantee that the objectives of the scheme will be achieved � Past performance of the previousscheme, the Sponsors or its group affiliates is not indicative of & does not guarantee the future performance of the schemes � The above are only the names of the schemes & does not in any manner indicate either the

quality of the scheme, it·s future prospects or the returns � The Sponsors are not responsible or liable for any loss resulting from the operations of the Mutual Fund beyond the contribution of an amount of Rs.1 lac made by them towards setting up of the Mutual Fund. Investments in debt securities are subject to interest rate risk, creditrisk & liquidity risk � The present schemes are not guaranteed or assured return schemes � Investment in mutualfund units involves investment risk such as trading volumes, settlement risk, liquidity risk, default risk including the

possible loss of capital � Kindly refer Scheme Information Document (SID), Statement of AdditionalInformation (SA I) & Key Information Memorandum (K IM) of the scheme for applicable loads. For

scheme specific risk factors & other details please read the SID/SA I/K IM of the scheme carefully before

investing.

Disclaimer: The views expressed in this presentation are of Tata Asset Management Ltd. and are in no way trying to predict the markets or to time them. The views expressed in this presentation may not reflect in the schemeportfolios of Tata Mutual Fund. This presentation has been prepared using information believed to be accurate at

the time of its use. You are advised not to take any investment decision based on information given in thisresentation



Tata Mutual Fund

Fort House; 221, Dr. D. N. R oad; Mumbai 400001www.tatamutualfund.com

Thank ou

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