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 Tata Life Sciences & Technology Fund Tata Service Industries Fund Tata Equity P/E Fund Tata Select Equity Fund Tata Equity Opportunities Fund Tata Growth Fund Tata Dividend Yield Fund Tata Capital Builder Fund BSE Sensex Last 1 Year 134.53% 129.79% 121.03% 117.09% 109.61% 108.83% 107.84% 103.03% 84.78% Last 3 Years 9.77% 5.45% 20.34% 8.11% 10.99% 7.56% 17.96% 9.31% 8.28% Last 5 Years 21.30% N/A 23.97% 19.83% 20.97% 14.40% 18.93% N/A 19.59% Since Inception 20.09% (13.65%) 17.79% (20.62%) 28.69% (24.04%) 18.66% (11.41%) 12.58% (10.96%) 10.06% (9.23%) 20.61% (21.20%) 9.04% (9.58%)

Figures in brackets indicate benchmark returns for the corresponding period. Returns are given for growth option 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 dividend distribution tax is excluded. N/A - No figures available for other periods. Past performance may or may not be sustained in future

´ Travyn Rhall.. August 2005 ³By 2032..an increasing presence of multinationals and an upswing in the IT exports. Indians are changing the world. stayed for the quality and are now investing for innovation. Goldman Sachs ³India is a developed country as far as intellectual capital is concerned. 2006 ³Indian Business has secured a niche in the world economy that can only grow in importance.´ TIME . the world's largest democracy is becoming a global power«In ways big and small.´ BRIC Report.´ A T Kearney FDI Confidence Index 2005 ³India has evolved into one of the world's leading technology centers.Dan Scheinman.What others are saying? ³. India will be among the three largest economies in the world. ACNielsen ³India is among the three most attractive FDI destinations in the world.´ ³India has among the highest returns on foreign investment. June 3-9.´ Craig Barrett Intel Corporation ³We came to India for the costs.´ .´ US Department of Commerce ³The Indian market has two core advantages .´ Jack Welch General Electric .Fueled by high-octane growth. 2006 issue The Economist.India . Cisco System Inc. The question is no longer whether India can fly but how high.. as told to Business Week..June 26.

Real GDP growth in major economies/regions 6.0 Source : Tata Securities Research .

Lead indicators pointing to near term uptick Auto Sales Trend Export Growth (YoY%) Cement Dispatches Railway Freight Traffic Growth Source : Morgan Stanley .

3mma Tourist arrivals Tourist Earnings (US$mn) Telecom Steel Production Cargo Handled at Airports Source : Morgan Stanley .Lead indicators pointing to near term uptick Tourism 70% 60% 50% 40% 30% 20% 10% 0% -10% -20% -30% -40% Jan-03 Oct-03 Jul-04 Apr-05 Jan-06 Oct-06 Aug-07 May-08 Feb-09 Nov-09 YoY%.

Big stories where money will be made Consumption Outsourcing Infrastructure Financial Intermediation Rural .

Consumption .

Largest Contributor to Working Population in Coming Decade Source : Morgan Stanley .India .

J . Source : Goldman Sachs BRICs Model Projections .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 did for the US in the 80s & China in the 90s Growth in private consumption expected to jump from 4% in FY10 to 7% in FY11. driven by payment of back wages to state government employees. cut in income tax rate and strong spending on welfare schemes.

Outsourcing .

McKinsey .Revenue Potential for global outsourcing Source : Nasscom .

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 drugdevelopment 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 .

Infrastructure Successes Krishna Godavari ² D6 Gas Basin Bangalore International Airport Mundra Port Delhi Metro Bandra Worli Sea Link .

Delhi 2010 Sasan Power Project .Work in Progress Mumbai Metro Rail Mumbai Monorail Common Wealth Games.

Financial Intermediation .

Trends in Savings and Investments (% GDP) Source : Citigroup .

Underinvestment in equities Source : Morgan Stanley .

Rural .

Enhanced social/rural sector spending cushioned the economy Source: Edelweiss research. NHRM: National Rural Health Mission. APDRP: Accelerated Power Development and Reform Programme . NREGS: National Rural Employment Guarantee Scheme. JNNURM: Jawaharlal Nehru National Urban Rural Mission. ICDS: Integrated Child Development Scheme.

spend on rural development Source : IIFL .Dramatic surge in Govt.

Risks for the Rewards 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 .

in r ec 3 6 .gov.Reviving investor confidence C   ¡    ¢   £   ¤     ¥   ¦   §   tive II Net Invest ent in Bn U 6 3 3 6 Ye rs Source: www.sebi.

nic.FDI inflows l i ¨  ¨¨  ¨©  ¨ FDI Inflows in In i D in il u Source www.in ¨ ¨ ¨© ¨ r o pr c P io .dipp.

Telecommunications consultants India Source : Budget Proposals. Various websites. Numaligarh refinery Rites Satluj jal vidyut nigam Sethusamudram corp. *Done Estimated (INR BN) 141 35 400 30 8 12 2 8 3 12 2 4 .Divestment candidates Potential PSU IPOs Company NMDC* REC* Bharat Sanchar Nigam Coal India Ennore port National aviation Co of India North Eastern Electric Power Corp.

Beyond the Economic Recovery .

The Next 3 months Growth trend to gain momentum Also. reforms and divestment . higher inflation & volatility Global events and news flow to influence market moves Inflows into Domestic Institutional Investors Implementation of budget proposals.

The next twelve months Gradual but further withdrawal of stimulus Revival of growth spreads to more industries Consumer Optimism ~ Business Optimism ~ Investment Optimism 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 .

10000 15000 20000 Source : Morgan Stanley SENSEX FORWARD P/E BANDS 5000 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 Mar-07 Mar-08 Mar-09 Mar-10 10x 13x 16x 19x 22x .

Tata Mutual Fund·s BIG 5 .

Why invest in Infrastructure Funds? Our economy cannot reach its GDP growth potential without adequate infrastructure. As an investor you can participate in a growth theme in one of the fastest growing economies . 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.

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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. Industrial capital goods has the highest exposure in the portfolio at about 15% followed by banks with 14%. . Past performance may or may not be sustained in future.8 lakhs). . The current portfolio is largely skewed towards domestic themes with about 7 % exposure. Available with Automatic Trigger Facility Mix of large and mid cap stocks with growth orientation in line with the theme.41 lakhs (Benchmark Sensex has become Rs 2. Currently.

Performance score card
31st March, 2010
Fund Corpus : Rs. 2,286 crore NAV: Div = Rs. 22.12 Growth = Rs.33.59

Returns 6 Months 1 ear 3 ears 5 ears Since Inception

Tata Infrastructure Fund 6.51 85.98 15.10 25.94 25.96

BSE Sensex 2.34 80.54 10.26 21.96 20.44

Past performance may or may not be sustained in future. Returns are given for growth option. Date of initial allotment: December 31, 2004
Please Note: Returns<1 yr Absolute. Returns > 1Yr CAGR. Source: Mutualfundsindia.com

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

.55 lakhs).A fund with more than 11 years consistent track record Has gone through two market cycles of boom and bust. Outperforming its benchmark : Rs.20. 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.1 lakh invested at inception has become Rs.24 lakh. (Benchmark Sensex has become Rs 4. About 77% of the portfolio is in domestic consumption. Software has the highest exposure at 11% Followed by Banks at 10%. Past performance may or may not be sustained in future.

96 13.65 BSE Sensex 2.26 21. 1998 Please Note: Returns<1 yr Absolute.36. Date of initial allotment: May 7.com .90 24.60 15.32 Growth = Rs.91.53 Returns 6 Months 1 ear 3 ears 5 ears Since Inception Tata Pure Equity Fund 10.57 86.54 10. Source: Mutualfundsindia.568 crore NAV: Div = Rs.05 Past performance may or may not be sustained in future. Returns > 1Yr CAGR.Performance score card 31st March. Returns are given for growth option.45 28.34 80. 2010 Fund Corpus : Rs.

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 .

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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. 1 . This fund is well positioned as a ´stock picker·s delightµ.91lakhs). A fund with 12 years consistent track record The fund adopts a predominantly bottom-up strategy.Outperforming its benchmark : Rs.91 lakh. Multi cap orientation and tries to seek out opportunities Has a track record of giving regular dividends.1 lakh invested since inception has now become Rs. Past performance may or may not be sustained in future. (Benchmark Sensex has become Rs 4. .

89 BSE Sensex 2.87 22.32 Past performance may or may not be sustained in future.54 10.com . Returns are given for growth option. Returns > 1Yr CAGR.79. 2010 Fund Corpus : Rs.57 Returns 6 Months 1 ear 3 ears 5 ears Since Inception Tata Equity Opportunities Fund 11.34 106. 22. Date of initial allotment: February 25.457 crore NAV: Div = Rs.26 21.Performance score card 31st March. Source: Mutualfundsindia.34 80.25 Growth = Rs.60 12.96 11.97 12. 1999 Please Note: Returns<1 yr Absolute.

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 add reasonable stable return once interest rate peak out & stabilize in the real term .

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This fund invest between 5 to 75% in equities and the remaining in debt. Past performance may or may not be sustained in future. Highest exposure in the scheme is in software Followed by consumer durables and pharmaceuticals.02 lakhs (Benchmark Crisil Balanced Fund Index has become Rs .1 lakh invested since inception has become Rs. Has been recognized by several rating agencies. .28 lakhs). . The equity portion is currently run like the opportunities fund The debt portion is largely in money market instruments.This fund has shown consistence performance for the last 14 years Outperforming its benchmark : Rs.

51 Crisil Balanced Fund Index 3. 273rore NAV: Div = Rs.27 47.98 17.com .76. Source: Mutualfundsindia. Returns are given for growth option.91 NA Past performance may or may not be sustained in future.74 16.31 11.47. Date of initial allotment: October 8. 1995 Please Note: Returns<1 yr Absolute.03 Returns 6 Months 1 ear 3 ears 5 ears Since Inception Tata Balanced Fund 10.95 Growth = Rs. 2010 Fund Corpus : Rs.37 15.10 77. Returns > 1Yr CAGR.06 20.Performance score card 31st March.

finding an outstanding company at a sensible price When one is actively seeking ´valueµ one is able to buy smart in any sort of market. Valuation is to investment This fund operates in the ´Value Consciousµ space. Valuation. Valuation. Location is to Retail. . Equity markets often do not value a company properly.Value Investing What Location. Location. Therefore this is an ´evergreenµ theme for all markets and all times. Therefore a value fund is a must as far as the investment basket is concerned in order to complete the overall portfolio of an investor. This may lead to shares of certain companies being under priced The essence of value investing is exploiting the difference in price between market value of a company and the intrinsic value of the business In other words.

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Past performance may or may not be sustained in future.4. 4 lakhs. 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.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. 2009 since inception of this facility Highest exposure in the scheme is to software followed by Banks & Pharmaceutials . 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. (Benchmark Sensex would have become Rs . lakhs).1 lakh invested since inception has now became Rs.

54 10.459 crore NAV: Div Trigger (5%)= Rs.27 29.30 BSE Sensex 2.38.90 Growth = Rs. Returns are given for growth option.47 (10%)= Rs.34 80.43. 38. Date of initial allotment: June 29. 2010 Fund Corpus : Rs.90 Returns 6 Months 1 ear 3 ears 5 ears Since Inception Tata Equity P/E Fund 10.Performance score card 31st March. 2004 Please Note: Returns<1 yr Absolute.com .38 108.49 21. Source: Mutualfundsindia.05 Past performance may or may not be sustained in future.26 21.99 26. Returns > 1Yr CAGR.96 25.

Thank ou .

Statutory Details Nature and Investment objective: Tata Equity Opportunities Fund: An open ended equity Scheme. Tata Equity P/E Fund: An open ended Equity Scheme. Tata Balance Fund: An open-ended balanced fund The investment objective of the scheme is to provide income distribution and / or medium to long term capital gains while at all times emphasising the importance of capital appreciation. To provide income distribution and/or medium to long term capital gains while at all times emphasising the importance of capital appreciation. Tata Infrastructure Fund: An open ended equity Scheme. The investment objective is to 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 Pure Equity Fund: An open ended equity scheme. . The investment objective of the Scheme is to provide reasonable and regular income and/or possible capital appreciation to its Unitholder. To provide income distribution and/or medium to long term capital gains while at all times emphasising the importance of capital appreciation.

Sponsors & Settlors: Tata Sons Ltd. As with any investment in stocks. its future prospects or the returns. depending upon the factors and forces affecting the capital market. shares and securities the NAV of the units under the schemes can go up or down. Investment in fixed income securities is subject to interest rate risk. Tata Investment Corporation Ltd. Investment in foreign Securities in subject to various risks such as currency fluctuations. The sponsors are not responsible or liable for any loss resulting from the operations of the scheme beyond the initial contribution of Rs.. For scheme specific risk factors and other details please read the scheme information document carefully before investing. changes in regulations. The present schemes are not guaranteed or assured return schemes. . Trustee: Tata Trustee Co. Past performance of the previous Schemes. Tata Equity Opportunity. economic and social instability and the prevalent tax laws of the respective jurisdictions. the Sponsors or its Group affiliates is not indicative of and does not guarantee the future performance of the Schemes. 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. restrictions on repatriation. are only the names of the Schemes and do not in any manner indicate either the quality of the Schemes. In case of Tata Infrastructure Fund being sector specific will be affected by risks associated with the Infrastructure Sector. 1882. credit risk and liquidity risk. Tata Infrastructure Fund. Investment Manager: Tata Asset Management Ltd.1 lac made by them towards setting up the Mutual Fund. Tata Pure Equity Fund and Tata Balance fund.Statutory Details Constitution: Tata Mutual Fund has been set up as a trust under the Indian Trust Act. Ltd Risk Factors: 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. political. Tata Equity P/E Fund.

1993 & TGF .Feb 25. To provide income distribution and / or medium to long term capital gains by investing predominantly in equity/equity related instrument of the companies in the service sectors. mid and small market capitalization. 2005. 1996.Jun 29. Applicable Loads: Entry Load (including SIP): Nil. TEPEF . The investment objective of the scheme is to provide income distribution and / or medium to long term capital gains by investing predominantly in high dividend yield stocks.No figures available for other periods. All payouts during the period are assumed to be reinvested in the units of the scheme at the then prevailing NAV & while calculating returns dividend distribution tax is excluded.Apr 05. To provide income distribution and/or medium to long term capital gains while at all times emphasising the importance of capital appreciation. Tata Equity Opportunities Fund (TEOF): An open ended equity scheme. For SIP installment above Rs 50 Lakhs the load structure for investment other than SIP will be applicable. Exit Load (Other than in SIP): 1% of the applicable NAV if redeemed on or before expiry of 365 days from the date of allotment. 1999. Tata Dividend Yield Fund (TDYF) : An open ended equity scheme. Tata Growth Fund (TGF): An open ended equity scheme. To provide income distribution and/or medium to long-term capital gains while at all times emphasising the importance of capital. To provide income distribution and / or medium to long term capital gains. To provide reasonable income and / or possible capital appreciation to its Unitholder. N/A .Jul 02. 2004.May 24. Tata Select Equity Fund (TSEF): An open ended equity scheme. Tata Equity P/E Fund (TEPEF): An open ended equity scheme. Returns for TGF are for dividend option. . 1994. Exit Load for SIP: 1%^ of the applicable NAV if redeemed on or before expiry of 24 months from the date of allotment. TSEF . ^ The load structure would be applicable for SIP amount upto Rs 50 Lakhs per installment. TSIF . TEOF . Date of Allotment: TLSTF . 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 related instruments of companies across large.The returns of one year are higher largely due to market recovery. Figures in brackets indicate benchmark returns for the corresponding period.Jul 01. * These funds were taken over by Tata Asset Management Limited from Indian Bank Mutual Fund in the year 2001. Returns are given for growth option except for TGF. To provide income distribution and/or medium to long-term capital gains while at all times emphasizing the importance of capital appreciation. Nature & Investment Objective: Tata Life Sciences and Technology Fund (TLSTF): An open ended equity scheme. Tata Service Industries Fund (TSIF): An open ended equity scheme.

& Tata Investment Corporation Ltd. liquidity risk. and are in no way trying to predict the markets or to time them. Sponsors: Tata Sons Ltd. Statement of Additional Information (SAI) & Key Information Memorandum (KIM) of the scheme for applicable loads. 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. Risk Factors ‡ All investments in Mutual Fund & securities are subject to market risks & the NAV 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 previous scheme. 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. 1882. For scheme specific risk factors & other details please read the SID/SAI/KIM of the scheme carefully before investing. credit risk & liquidity risk ‡ The present schemes are not guaranteed or assured return schemes ‡ Investment in mutual fund units involves investment risk such as trading volumes.Statutory Details: Constitution: Tata Mutual Fund (TMF) has been set up as a Trust under the Indian Trust Act. Investment Manager: Tata Asset Management Ltd. Disclaimer: The views expressed in this presentation are of Tata Asset Management Ltd. You are advised not to take any investment decision based on information given in this presentation . default risk including the possible loss of capital ‡ Kindly refer Scheme Information Document (SID). Investments in debt securities are subject to interest rate risk.1 lac made by them towards setting up of the Mutual Fund.. settlement risk. This presentation has been prepared using information believed to be accurate at the time of its use. The views expressed in this presentation may not reflect in the scheme portfolios of Tata Mutual Fund. Trustee: Tata Trustee Company Ltd.

tatamutualfund. 221. D. Mumbai 400001 www.com . Road. N.Thank ou Tata Mutual Fund Fort House. Dr.

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