Enjoy dividends bit by bit

For Private Circulation OnlyAs on 31st May, 2010.

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

10%* 5%*

Enjoy dividends bit by bit

Choose your Dividend Trigger

*Two options for investment under the Dividend option - Dividend Trigger Option A (Trigger A) and Dividend Trigger Option B (Trigger B). The Fund will initiate the declaration of dividend when there is an appreciation in NAV from the previous ex-dividend NAV by 5% incase of Trigger A and 10% incase of Trigger B in a calendar quarter, subject to maximum of one dividend per calendar quarter. Declaration of dividend is at the discretion of Trustees. As per the prevailing regulatory guidelines, dividend can be paid only out of distributable surplus. Pursuant to the payment of dividend, the NAV of the scheme would fall to the extent of the payout and statutory levy (if applicable). Due to various reasons beyond the control of the Investment Manager, it may be possible that in spite of appreciation in NAV there is no distributable surplus available on the record date. Under such a scenario, no dividend will be distributed.

Disclaimer: Trigger facility in any manner whatsoever is not an assurance or guarantee on part of Tata Mutual Fund (TMF) / Tata Asset Management Limited (TAML) to the unit holders in terms of returns or capital appreciation or minimization of loss of capital or otherwise. TMF / TAML shall not be responsible if the trigger is not achieved and / or implemented due to reasons which are beyond the control of TMF / TAML such as technology failure / default etc. Further, this trigger facility shall be subject to terms and conditions as outlined in the application form of the scheme. Trigger facility being an additional facility can be withdrawn at any time at the discretion of Trustees.

For scheme details of Tata Equity P/E Fund refer pg. no. 3, 12 and back cover page for risk factors.

ASK FOR

FUND MANAGER SPEAKS

Equity marketThe Greek sovereign crises, increase in credit spreads along with tightening of lending standards in the property sector by the Chinese government hurt sentiment across the world causing a fall in equity markets for the month. The BSE Sensex closed down 3.5% while the Nifty closed down 3.6%. Sectors like Realty, Metals, Banking and Power underperformed the Sensex, while traditional defensive sectors like FMCG, pharmaceuticals and domestic plays like Auto and Capital Goods out-performed the index. The oil and gas sector did well with a gas price hike and expectation of further reforms. For the month, in cash equities, FIIs were net sellers to the tune of approximately USD 2.1 bn (buyers of USD 2.1 billion in April '10), while Domestic Mutual Funds were net sellers with outflows of USD 160 mn (sellers of USD 580 mn in April '10).

India's real GDP saw a growth of 8.6% YoY (Year on Year) in Q4FY10, more or less in line with the consensus view with growth primarily being led by industry which grew by 13.3% YoY. This also helped the FY10 real GDP to grow by 7.4% YoY which was higher than the CSO estimates of 7.2%, primarily driven by industry and actively supported by services. In the fiscal year FY10, the industrial sector, saw a broad-based turnaround, expanding 9.3% YoY vis-à-vis' 3.9% YoY in the previous fiscal. This performance was also supported by timely fiscal stimulus, generally easy monetary conditions, improvement in business sentiment and favourable base effect. The services sector grew by 8.5% in FY10 vis-à-vis' 9.8% YoY in the previous fiscal. GDP for the year FY11 is expected to grow at 8% plus given the strong momentum in the economy.

The Index of Industrial Production (IIP) grew at 13.5% YoY for the month of March '10, a tad slower than the Feb'10 growth of 15.1% YoY. The cumulative growth for FY10 stands at 10.4%. In terms of sub-components, Mining, Manufacturing and Electricity sectors grew by 11.0%, 14.3% and 7.7% respectively in Mar'10 on a YoY basis. The cumulative growth for FY10 in these three sectors was 9.7%, 10.9% and 6.0% respectively on a YoY basis.

On the policy front, the government raised controlled gas prices from USD 1.8 per million metric British thermal units (MMBTU) to USD 4.2 per MMBTU. This has raised expectations of the government freeing auto fuel prices in line with the Kirit Parikh committee report, thus helping reduce the subsidy burden of the government. In other developments, the 3G auction for telecom companies raised USD 14.7 billion for the government, significantly more than the estimated USD7.6 billion in the budget, and this is expected to help the government bring down its fiscal deficit in the current year.

The recent Greek crisis has increased risk aversion in the mind of investors. A € 110 billion package for Greece did not help calm nerves, as a revolt by the Greek people against government spending cuts involved in the deal could still hurt the process of economic stabilization. Investor concerns were not placated by the EU combined package of € 750 billion plus for all European countries in the Union. One should note that the combined estimate for a rescue of all the PIIGS (Portugal, Ireland, Italy, Greece, and Spain) nations is approximately USD 1.4 trillion, which is not a large amount for the European Union and the European Central Bank to commit for stability of the region (the US Government committed USD 13 trillion for its rescue of the US financial system). We think a sovereign credit crises is an issue that will require continuing fiscal profligacy on part of central governments and their central banks.

The more worrisome issue is the state of the European Union financial sector balance sheets, which is much worse off compared to the state of the US financial system. Also weak political will to reform has ensured that there has hardly been any financial sector reform in the interim. Many of these European financial institutions have worrisome exposure to commercial real estate loans, private equity leveraged bonds, and mortgage securities (that are starting to reflect delinquency levels that are associated with weak growth) along with highly leveraged balance sheets.

The reasonable valuations of emerging markets (when compared to historical averages), better growth prospects and strong government balance sheets could help emerging markets eventually break away in terms of returns from the current cloud of worries over developed markets. Moreover, the fall in the commodity complex due to the European crises is positive for countries like India, who are net consumers of commodities. However, no market is insulated from a crisis in any part of the world and therefore in the near term there could be increased volatility. So, even though the Indian economy is doing well and companies are growing at a reasonable pace with balance sheets getting better over the last year, significant earnings revisions are unlikely and sectors which have linkages to the global economy and markets could keep any upward revision in the index earnings forecasts under check. Also, given the state of the global economy and therefore risk aversion, a re-rating of the market beyond historic average multiples seem unlikely in the near term. The market may remain range bound in the near term with divergent stock performance and higher returns are more likely to be driven primarily by astute stock picking.

In June '10, the markets will look forward to the onset of monsoons, advance tax numbers and publishing of annual balance sheet numbers by corporates for comfort in a turbulent international environment. Events in Europe, China and US will continue to be important drivers of risk appetite in the month.

1

Debt marketThe rally in the bond market, which started in the month of April 2010, continued in this month as well. The benchmark 10 year yield, that had closed at 7.75% in the previous month, touched a low of 7.32%, before moving up and close at 7.56%, on profit booking as well as tight liquidity in the system towards the end of the month due to 3G auction outflows.

While the rally previous month was largely triggered by the less than expected tightening of the monetary policy by RBI and fairly low level of exposure to g-sec by the market participants, the rally during the month was fuelled by the huge success of 3G auction. As against the budgeted amount of Rs. 35k from 3G /WBA auction, the government has managed to garner close to Rs.68K from 3G auction alone. While the WBA is still under way, the total collection is expected to touch Rs.1 Trillion. This is expected to bring down the budget deficit for FY11 substantially and may even lead to cancellation of some of the auctions during the year.

Another factor, which has favored the bond bulls, is the looming sovereign debt crisis in Euro region. The Greek financial crisis that has mushroomed into a threat to the Euro zone’s financial stability has resulted in a sell off in equity market across the globe. As a result of this risk aversion, the US 10 Year yield, which was around 3.70% at the beginning has come down significantly and closed the month at 3.28% . Any slow down in the economic activity in the Euro region, which is very much likely at the moment, will have some economic implications on India as well, as the Euro region is one of our dominant trading partner.

Mirroring the improved sentiments in the g-sec, the corporate bonds yields too moved down by 15-20 basis points. However towards the end of the month, it pared off some of the gains on profit booking and tracking the underlying. The 1o year and 5 year bond yield closed the month at 8.67% and 8.18% respectively.

However, amidst this huge rally in the longer end of the yield curve, the casualty has been the shorter end of the yield curve, which firmed up significantly on account of the 3G auction outflows . The rise in the shorter end of the yield curve can be gauged by the latest cut off of 3 month TB auction at 5.04% compared to around 4.% in the previous month. The surplus money parked by Banks through LAF window came down drastically, from the average of 42K in the first 3 weeks of the month to just 0.5K towards the end of the month, on account of the 3G auction outflows. To ease the liquidity pressure, RBI has temporarily reduced the SLR by 0.5%.( applicable to the extent of Repo borrowing only ) . This special liquidity window is available up to 2nd July 2010. In addition to this, RBI has even reduced the auction size of Treasury Bills for the month of June by Rs.22K. These measures are expected to ease the temporary pressure on liquidity to a great extent.

The macro economic data released during the month continued to indicate that the economic growth is on a firm footing. The 4th Qtr GDP for FY10 grew by 8.6%, compared to 5.8% in the previous year. The GDP for the whole year for FY10 stood at 7.4%. On the inflation front, we are witnessing some signs of easing off. The headline WPI for the month of April, 2010 fell to 9.59% compared to 9.9% in the previous month and we expect this trend to continue in the coming months.

Going ahead, we expect the positive sentiment to continue as the market takes comfort on the prospects of improved government finances and continued softness in global bond yields.

2

TATA INFRASTRUCTURE FUND

Total Net Assets as on 31/05/2010 (Rs. Lacs) : 2,13,938.86 Portfolio as on 31/05/2010Scrip Name % To Net

AssetsIndustrial Capital Goods 15.64Bharat Heavy Electricals Ltd. 3.94Crompton Greaves Ltd 3.92Thermax Limited 2.44Siemens India Ltd 2.24AIA Engineering Ltd 1.05Sterlite Technologies Ltd. 1.04Texmaco Ltd. 1.01Banks 13.71HDFC Bank Ltd 4.10ICICI Bank Ltd 3.28Axis Bank Limited 2.18State Bank Of India 2.16Bank Of Baroda 1.99Power 10.23Tata Power Company Limited 2.93CESC Limited 2.19National Thermal Power Corp 1.89KEC International Ltd 1.67Power Grid Corporation Of India Ltd 0.82Jyoti Structures Ltd. 0.73Finance 10.19Rural Electrification Corp. Ltd. 4.25LIC Housing Finance Ltd 3.62HDFC Limited 2.32Construction Project 9.12Voltas Limited 3.62Larsen & Toubro Ltd. 3.57GMR Infrastructure Ltd 1.04Nagarjuna Construction Co Ltd 0.89Petroleum Products 6.07Reliance Industries Ltd. 5.82H.P.C.L. 0.25Ferrous Metals 4.52Jindal Steel & Power Ltd. 2.80Usha Martin Ltd 0.96Maharashtra Seamless Ltd. 0.76Construction 4.51IVRCL Infrastructures & Project Ltd 2.20Simplex Infrastructures Ltd. 1.28Mahindra Lifespace Developers Ltd 1.03Oil 4.19Oil & Natu. Gas Co. 3.87Aban Loyd Chiles Offshore Ltd 0.32Non - Ferrous Metals 3.59Sterlite Industries (I) Ltd 1.96Hindustan Zinc Limited 0.86Hindalco Industries Ltd 0.77Transportation 3.59Container Corporation Of India Ltd. 1.71Mundra Port & Special Economic Zone 1.46The Great Eastern Shipping Co.Ltd 0.42Cement 2.69Jai Prakash Associates Limited 1.87Rain Commodities Ltd 0.82Telecom - Services 2.48Bharti Air tel Ltd. 1.81Tata Communications Ltd 0.67Industrial Products 1.90Cummins India Ltd 1.06Bharat Forge Ltd 0.84Auto 1.78Ashok Leyland 1.78Minerals/ Mining 1.45Gujarat Mineral Dev Corp Ltd. 1.00Gujarat NRE Coke Ltd 0.45Gas 1.38Gail (India) Ltd. 1.38Cash, Others 2.96Total 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 yrabsolute. Returns > 1 yr CAGR.

7.98

23.61 24.25

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5.22

20.32 19.0116.21

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Tata Infrastructure Fund BSE Sensex

Quantitative Indicators:Scheme BSE Sensex

Average P/E : 23.34 Std. Dev (Annualised) : 38.26 33.44Average P/BV : 3.98 Sharpe Ratio : 0.08 0.05Annual Portfolio Turnover Ratio : 104.93 Portfolio Beta : 1.09 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 the average netassets 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 4.98%. Past Performance may or may not be sustained in future.

SIP ReturnsInvestment Total Value of CompoundedPeriod Investment Investment as on Annualised

May 10, 2010 Return onInvestment (%)

Last 1 year 12000 12873 16.45Last 3 years 36000 43706 13.77Last 5 years 60000 89593 16.57Since Disclosure of1st NAV (20th Jan 2005) 64000 101968 17.98

Past performance may or may not sustained in future. Dividend assumed to be reinvested.Benchmark Returns through SIP route: BSE Sensex Last 1 year 14.44%, last 3 years 14.08%,last 5 years 13.95%, Since Inception 15.09%. Investment of Rs 1,000 p.m. is assumed to bemade on 10th of every month, if not then the next business day.

Source: www.mutualfundsindia.com

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

Rs. 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

AUM (Rs. lacs) : 2,13,938.86

NAV (as on 31/05/2010)

Dividend : Rs 21.34

Growth : Rs 32.41

52 week High (G) : Rs 34.45 (09-Apr-2010)

52 week Low (G) : Rs 25.38 (13-Jul-2009 )

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

Figures as on 31/05/2010

Rs.328960 Rs.274041

Tata Infrastructure Fund BSE Sensex

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TATA EQUITY P/E FUND

Total Net Assets as on 31/05/2010 (Rs. Lacs) : 56,122.81 Portfolio as on 31/05/2010Scrip Name % To Net

AssetsSoftware 13.33Polaris Software Labs Ltd. 4.60Patni Computer Systems Ltd. 2.31Mphasis Ltd. 1.83Firstsource Solutions Limited 1.69Oracle Financials Services Software 1.54NIIT Technologies Ltd. 0.73Eclerx Services Limited 0.63Banks 9.28Axis Bank Limited 4.38Punjab National Bank 1.34Federal Bank Ltd . 1.23Central Bank Of India 1.03United Bank Of India 0.95Karur Vysya Bank Ltd 0.35Pharmaceuticals 6.29Cadilla Healthcare Limited 3.07Lupin Ltd 1.82Torrent Pharmaceuticals Ltd 0.79Unichem Laboratories Ltd. 0.61Power 6.10Tata Power Company Limited 1.26SJVN Limited 1.11National Thermal Power Corp 1.08CESC Limited 1.02Power Grid Corporation Of India Ltd 0.99Jyoti Structures Ltd. 0.64Consumer Non Durable 5.81Balrampur Chini Mills Ltd. 2.77Hindustan Unilever Ltd 1.81Tata Tea Ltd 1.23Oil 5.75Oil & Natu. Gas Co. 4.26Oil India Ltd 1.49Non - Ferrous Metals 4.77Hindalco Industries Ltd 3.21Hindustan Zinc Limited 1.56Petroleum Products 4.21H.P.C.L. 2.31Reliance Industries Ltd. 1.21Castrol India Ltd 0.69Auto 4.00Hero Honda Motors Ltd 1.55Bajaj Auto Limited 1.38Ashok Leyland 1.07Gas 3.45Gujarat Gas Company Ltd 2.02Gail (India) Ltd. 1.43Fertilizers 3.44Tata Chemicals Ltd 3.44Minerals/ Mining 3.35Nava Bharat Ventures Ltd 2.16Gujarat Mineral Dev Corp Ltd. 1.19Finance 3.09Motilal Oswal Financial Serv. Ltd 1.31India Infoline Ltd 1.11ICRA Limited 0.67Auto Ancillaries 2.52Exide Industries Ltd 1.49Amara Raja Batteries Ltd 1.03Construction Project 2.41Voltas Limited 2.41Telecom - Services 1.94Bharti Airtel Ltd. 1.94Transportation 1.94The Great Eastern Shipping Co.Ltd 1.33Container Corporation Of India Ltd. 0.61Cement 1.05Shree Cement Limited 1.05Media & Entertainment 1.02TV Today Network Limited 1.02Industrial Capital Goods 1.00Sterlite Technologies Ltd. 1.00Ferrous Metals 0.97Ratnamani Metals & Tubes Ltd 0.97Telecom - Equipment & Accessories 0.72HCL Infosystems Ltd. 0.72Construction 0.68Consolidated Const. Consortium Ltd 0.68Cash, Others 12.88Total 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.



R Squared : 0.94 1.00



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

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



Last 1 year 12000 13735 33.55Last 3 years 36000 51330 25.88Last 5 years 60000 102784 22.38Since Disclosure of1st NAV (30th June 2004) 71000 141907 23.96

Past performance may or may not sustained in future. Dividend assumed to be reinvested.Benchmark Returns through SIP route: BSE Sensex Last 1 year 14.44%, last 3 years 14.08%and last 5 years 13.95%, Since Inception 16.98%. Investment of Rs 1,000 p.m. is assumedto be made on 10th of every month, if not then the next business day

SnapshotFund Manager : Sachin Relekar (Equity)


Inception Date : June 29, 2004

AUM (Rs. lacs) : 56,122.81

NAV (as on 31/05/2010)

Growth : Rs 43.81

Dividend Opt. A (5%) : Rs 38.40

Dividend Opt. B(10%): Rs 38.82

52 week High (G) : Rs 45.46 (18-Jan-2010)

52 week Low (G) : Rs 29.00 (13-Jul-2009 )

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




13.84

24.5728.33

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20.3223.55

40.03

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1015202530354045


Tata Equity P/E Fund BSE Sensex

Rs.433020 Rs.353347

Tata Equity P/E Fund BSE Sensex

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TATA PURE EQUITY FUND


AssetsFinance 10.99Rural Electrification Corp. Ltd. 3.84LIC Housing Finance Ltd 3.55HDFC Limited 2.93India Infoline Ltd 0.67Software 9.68Infosys Technologies Ltd. 3.60Wipro Ltd 2.34Mphasis Ltd. 2.32Oracle Financials Services Software 1.42Auto 9.56Bajaj Auto Limited 3.85Tata Motors Limited 2.38Mahindra & Mahindra Ltd. 2.37Ashok Leyland 0.96Banks 8.91HDFC Bank Ltd 3.73ICICI Bank Ltd 3.15Axis Bank Limited 1.07State Bank Of India 0.79ING Vysya Bank 0.17Petroleum Products 8.46Reliance Industries Ltd. 5.21H.P.C.L. 3.25Pharmaceuticals 7.11Cadilla Healthcare Limited 3.60Lupin Ltd 3.51Construction Project 6.98Voltas Limited 2.83Larsen & Toubro Ltd. 2.38Nagarjuna Construction Co Ltd 1.77Consumer Non Durable 5.98ITC Ltd 2.48Nestle India Ltd. 2.39United Spirits Ltd. 1.11Industrial Capital Goods 5.81Crompton Greaves Ltd 2.58Bharat Heavy Electricals Ltd. 2.43Sterlite Technologies Ltd. 0.80Transportation 5.51The Great Eastern Shipping Co.Ltd 1.87Jet Airways Limited 1.49Mundra Port & Special Economic Zone 1.34Container Corporation Of India Ltd. 0.81Oil 4.14Oil & Natu. Gas Co. 4.14Media & Entertainment 3.66Zee Entertainment Enterprises Ltd. 2.18Sun TV Network Ltd. 1.48Cement 3.12Jai Prakash Associates Limited 1.68Shree Cement Limited 1.44Power 2.70KEC International Ltd 1.97Jyoti Structures Ltd. 0.73Non - Ferrous Metals 2.55Sterlite Industries (I) Ltd 1.37Hindalco Industries Ltd 1.18Industrial Products 1.16Jain Irrigation Systems Ltd. 1.06SKF Bearings India Limited 0.10Gas 1.06Gujarat Gas Company Ltd 1.06Retailing 0.80Pantaloon Retail (India) Ltd. 0.80Auto Ancillaries 0.57Wabco-TVS (India) Ltd 0.57Cash, Others 1.25Total Net Assets 100.00

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



Last 1 year 12000 13258 23.99Last 3 years 36000 47167 19.43Last 5 years 60000 92749 18.03Since Disclosure of1st NAV May 7, 1998 144000 842168 27.29




R Squared : 0.95 1.00




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

10.77

22.78

28.08

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15.86

5.22

20.32

12.54

28.28

3.87

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Tata Pure Equity Fund BSE Sensex

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

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



Inception Date : May 7, 1998

AUM (Rs. lacs) : 57,183.38

NAV (as on 31/05/2010)

Dividend : Rs 35.91

Growth : Rs .90.50

52 week High (G) : Rs 93.24 (26-Apr-2010)

52 week Low (G) : Rs 65.45 (13-Jul-2009 )



Rs.2001086 Rs.440142Tata Pure Equity Fund BSE Sensex

0200000400000600000800000

1000000120000014000001600000180000020000002200000

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TATA EQUITY OPPORTUNITIES FUND


AssetsSoftware 13.35Infosys Technologies Ltd. 3.21Oracle Financials Services Software 3.13Wipro Ltd 2.91Patni Computer Systems Ltd. 1.25Mphasis Ltd. 1.17Firstsource Solutions Limited 1.08Hinduja Global Solutions Limited 0.60Banks 9.61ICICI Bank Ltd 2.95Federal Bank Ltd . 2.48IDBI Bank Ltd. 2.07Karnataka Bank Ltd 1.41Andhra Bank 0.70Consumer Non Durable 6.93Nestle India Ltd. 2.62Mcleod Russel Ltd. 1.33Eveready Industries India Ltd. 1.26Balrampur Chini Mills Ltd. 1.09Jayshree Tea 0.63Petroleum Products 6.74Reliance Industries Ltd. 3.45Castrol India Ltd 2.49Indian Oil Corp Ltd. 0.80Pharmaceuticals 6.36Lupin Ltd 3.45Divi Laboratories Ltd. 1.87Unichem Laboratories Ltd. 0.55Aurobindo Pharma Ltd. 0.49Auto 6.08Mahindra & Mahindra Ltd. 2.38Tata Motors Limited 1.94Bajaj Auto Limited 1.76Construction 5.50Sadbhav Engineering Limited 2.77Consolidated Const. Consortium Ltd 2.73Oil 4.87Oil & Natu. Gas Co. 2.96Shiv-Vani Oil&Gas Explor Serv.Ltd. 1.91Media & Entertainment 3.96Sun TV Network Ltd. 2.25Zee Entertainment Enterprises Ltd. 1.71Finance 3.74Rural Electrification Corp. Ltd. 2.51Motilal Oswal Financial Serv. Ltd 1.23Ferrous Metals 3.62Usha Martin Ltd 2.19Prakash Industries Ltd 1.43Pesticides 3.54Rallis India Limited 3.54Cement 3.49Jai Prakash Associates Limited 1.88Shree Cement Limited 1.61Power 3.35KEC International Ltd 3.35Minerals/ Mining 3.02Nava Bharat Ventures Ltd 3.02Industrial Products 2.80Jain Irrigation Systems Ltd. 2.80Non - Ferrous Metals 2.52Hindalco Industries Ltd 1.36Sterlite Industries (I) Ltd 1.16Retailing 2.39Pantaloon Retail (India) Ltd. 2.39Construction Project 2.33Larsen & Toubro Ltd. 2.33Auto Ancillaries 2.26Exide Industries Ltd 2.26Industrial Capital Goods 1.85Bharat Heavy Electricals Ltd. 1.85Transportation 1.19The Great Eastern Shipping Co.Ltd 1.19Cash, Others 0.50Total 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.



6.35

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Tata Equity Opportunities Fund BSE Sensex



R Squared : 0.93 1.00



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

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



Last 1 year 12000 13374 26.29Last 3 years 36000 46067 17.66Last 5 years 60000 86949 15.31Since Disclosure of1st NAV 25th Feb 1993 207000 1119494 23.96




Inception Date : February 25, 1993

AUM (Rs. lacs) : 44,034.23

NAV (as on 31/05/2010)

Dividend : Rs 21.49

Growth : Rs 76.85

52 week High (G) : Rs 82.24 (14-Jan-2010)

52 week Low (G) : Rs 52.52 (13-Jul-2009 )



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Tata Equity Opportunities Fund BSE Sensex

Rs.768451 Rs.605306

6

TATA LIFE SCIENCES AND TECHNOLOGY FUND

Total Net Assets as on 31/05/2010 (Rs. Lacs) : 6,157.73 Portfolio as on 31/05/2010

Scrip Name % To Net

Assets

Software 38.59

Patni Computer Systems Ltd. 6.50

Hinduja Global Solutions Limited 4.69

NIIT Technologies Ltd. 4.07

Financial Technologies (I) Ltd 3.90

Infosys Technologies Ltd. 3.88

Mphasis Ltd. 3.72

Oracle Financials Services Software 3.01

Firstsource Solutions Limited 3.00

Polaris Software Labs Ltd. 2.79

Educomp Limited 1.74

Zensar Technologies Limited 1.29

Pharmaceuticals 34.30

Cadilla Healthcare Limited 13.01

Lupin Ltd 7.56

Aventis Pharma Limited 6.07

Dr. Reddys Labaratories Ltd 2.28

Unichem Laboratories Ltd. 1.96

Pfizer Ltd 1.22

Torrent Pharmaceuticals Ltd 1.14

Glaxo Smithkline Pharma 1.06

Consumer Non Durable 12.22

Glaxo Smithkline Beechem Con Health 8.08

Nestle India Ltd. 4.14

Telecom - Equipment & Accessories 4.92

HCL Infosystems Ltd. 3.47

On Mobile Global Limited 1.45

Industrial Capital Goods 4.02

BEML Ltd. 4.02

Telecom - Services 3.75

Bharti Airtel Ltd. 2.22

Tulip Limited 1.53

Cash, Others 2.20

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.



R Squared : 0.79 1.00




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Tata Life Sciences and Technology Fund BSE Sensex



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



Last 1 year 12000 13889 36.69Last 3 years 36000 55301 31.72Last 5 years 60000 98270 20.47Since Disclosure of1st NAV 23rd July 1999 130000 508001 23.82


SnapshotFund Manager : Sachin Relekar (Equity)


Inception Date : July 2, 1999

AUM (Rs. lacs) : 6,157.73

NAV (as on 31/05/2010)

Dividend : Rs 34.40

Growth : Rs 64.60

52 week High (G) : Rs 66.69 (18-May-2010 )

52 week Low (G) : Rs 42.64 (13-Jul-2009 )



Rs.706381 Rs.362675

Tata Life Sciences and Technology Fund BSE Sensex

0

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TATA TAX SAVING FUND


AssetsPharmaceuticals 13.11Lupin Ltd 4.26Dr. Reddys Labaratories Ltd 2.90Fresenius Kabi Oncology Ltd. 1.82Unichem Laboratories Ltd. 1.78Cipla Ltd 1.77Torrent Pharmaceuticals Ltd 0.58Software 12.73Infosys Technologies Ltd. 2.94Patni Computer Systems Ltd. 2.53Mphasis Ltd. 2.17Wipro Ltd 1.97HCL Technologies Ltd 1.70Zenith Infotech Limited 1.12Oracle Financials Services Software 0.30Banks 9.55State Bank Of India 2.51Axis Bank Limited 2.45Punjab National Bank 2.36HDFC Bank Ltd 2.23Power 8.94Tata Power Company Limited 2.84National Thermal Power Corp 2.24KEC International Ltd 1.95Power Grid Corporation Of India Ltd 1.91Industrial Capital Goods 7.16Crompton Greaves Ltd 3.32Bharat Heavy Electricals Ltd. 2.09AIA Engineering Ltd 1.75Auto 6.36Mahindra & Mahindra Ltd. 3.21Bajaj Auto Limited 2.04Tata Motors Limited 1.11Consumer Non Durable 4.93ITC Ltd 3.97Tata Tea Ltd 0.96Petroleum Products 4.63Reliance Industries Ltd. 4.63Finance 4.12Rural Electrification Corp. Ltd. 2.14Crisil 1.98Construction Project 3.36Larsen & Toubro Ltd. 2.13Hindustan Construction Co.Ltd 1.23Oil 3.28Oil & Natu. Gas Co. 3.28Gas 3.18Gujarat Gas Company Ltd 3.18Ferrous Metals 2.65Jindal Steel & Power Ltd. 2.65Media & Entertainment 2.61Zee Entertainment Enterprises Ltd. 2.61Cement 1.74Grasim Industries Ltd. 1.35Samruddhi Cement Ltd 0.39Non - Ferrous Metals 1.39Hindalco Industries Ltd 1.39Construction 1.08Shobha Developers Ltd 0.56Puravankara Projects Limited 0.52Minerals/ Mining 0.08Gujarat NRE Coke Ltd 0.08Cash, Others 9.10Total Net Assets 100.00

Fund positioning: An equity linked tax savings scheme (ELSS) aiming to provide medium to long term capital gains along with income tax benefit under Section 80C of the Income Tax Act.



Last 1 year 12000 13173 22.31Last 3 years 36000 45213 16.27Last 5 years 60000 80860 12.28Since Disclosure of1st NAV (28th June 1996) 167000 1100503 24.63


Quantitative Indicators:

Scheme BSE SensexAverage P/E : 22.59 Std. Dev (Annualised) : 33.40 33.44Average P/BV : 4.71 Sharpe Ratio : 0.06 0.05Annual Portfolio Turnover Ratio : 186.80 Portfolio Beta : 0.95 1.00

R Squared : 0.93 1.00




5.37

15.18

22.41

0.11

15.86

5.22

20.32

12.08

26.88

3.60

0

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35


Tata Tax Saving Fund BSE Sensex



Rs. 100000 invested at inception: Tata Tax Saving Fund Vs BSE Sensex

SnapshotFund Manager : Pradeep Gokhale (Equity)


Inception Date : March 31, 1996

AUM (Rs. lacs) : 13,537.73

NAV (as on 31/05/2010)

Growth : Rs 42.08

52 week High (G) : Rs 48.99 (14-Jan-2010)

52 week Low (G) : Rs 37.74 (13-Jul-2009)

Expense Ratio: : 2.50%

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


Tata Tax Saving Fund BSE SensexRs.882714 Rs.444447

0100000200000300000400000500000600000700000800000900000

10000001100000

Mar

-96

Aug-

96Ja

n-97

Jun-

97No

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98Se

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ay-0

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TATA BALANCED FUND

Total Net Assets as on 31/05/2010 (Rs. Lacs) : 27,192.22 Equity Portfolio as on 31/05/2010Scrip Name % To Net

AssetsSoftware 10.38Infosys Technologies Ltd. 3.03Patni Computer Systems Ltd. 2.38Oracle Financials Services Software 2.20Wipro Ltd 1.51Mphasis Ltd. 1.26Banks 7.49HDFC Bank Ltd 2.67Federal Bank Ltd . 1.72Indian Bank 1.27ICICI Bank Ltd 1.04Karnataka Bank Ltd 0.44ING Vysya Bank 0.35Finance 6.66Rural Electrification Corp. Ltd. 3.41LIC Housing Finance Ltd 2.74HDFC Limited 0.51Pharmaceuticals 6.59Cadilla Healthcare Limited 3.20Lupin Ltd 3.01Torrent Pharmaceuticals Ltd 0.38Auto 6.26Tata Motors Limited 2.36Mahindra & Mahindra Ltd. 1.92Escorts Ltd 1.57Bajaj Auto Limited 0.41Consumer Non Durable 5.68Nestle India Ltd. 2.36ITC Ltd 1.82United Spirits Ltd. 0.81Jayshree Tea 0.69Industrial Capital Goods 5.26Crompton Greaves Ltd 2.31Bharat Heavy Electricals Ltd. 2.05Sterlite Technologies Ltd. 0.90Construction Project 4.88Larsen & Toubro Ltd. 2.81Voltas Limited 2.07Petroleum Products 4.32Reliance Industries Ltd. 3.07H.P.C.L. 1.25Media & Entertainment 3.90Zee Entertainment Enterprises Ltd. 1.82Sun TV Network Ltd. 1.49TV Today Network Limited 0.59Industrial Products 2.33Sintex Inds 1.81Cummins India Ltd 0.52Non - Ferrous Metals 1.85Hindalco Industries Ltd 1.24Sterlite Industries (I) Ltd 0.61Oil 1.67Oil & Natu. Gas Co. 1.67Cement 1.49Jai Prakash Associates Limited 1.49Power 1.41KEC International Ltd 1.41Transportation 1.37The Great Eastern Shipping Co.Ltd 1.37Pesticides 1.06Rallis India Limited 1.06Gas 1.04Gujarat State Petronet Ltd. 1.04Retailing 1.02Pantaloon Retail (India) Ltd. 1.02Minerals/ Mining 0.63Nava Bharat Ventures Ltd 0.63Total Equity 75.29

Debt Portfolio as on 31/05/2010Scrip Name Rating % To Net

AssetsIDBI Bank Ltd. A1+ 6.95EXIM LAAA 5.57Canara Bank P1+ 1.81Total Debt 14.33Cash, Others 10.38Total 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


R Squared : 0.92 1.00





Last 1 year 12000 13329 25.40Last 3 years 36000 47875 20.55Last 5 years 60000 93031 18.16Since Disclosure of1st NAV January 5, 1996 173000 882522 20.59

Past performance may or may not sustained in future. Dividend assumed to be reinvested. BenchmarkReturns through SIP route: Crisil Balanced Fund Index Last 1 year 12.55%, last 3 years 12.52% andlast 5 years 12.36% , Since Inception N.A. Investment of Rs 1,000 p.m. is assumed to be made on10th of every month, if not then the next business day


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

11.68

19.8617.27

N.A.1.75

11.507.87

15.13

30.10

4.32

0

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20

25

30

35


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. Dividends assumedto be reinvested. While calculating returns dividend distribution tax is excluded. Starting date taken as 1st April 2002 as benchmarkdata is unavailable before this period.

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



Inception Date : October 08, 1995

AUM (Rs. lacs) : 27,192.22

NAV (as on 31/05/2010)

Dividend : Rs 47.83

Growth : Rs 75.83

52 week High (G) : Rs 77.86 (26-Apr-2010)

52 week Low (G) : Rs 75.89 (19-Jan-2010)


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


Equity Debt

Tata Balanced Fund Crisil Balanced Fund IndexRs.600284 Rs.323480

050000

100000150000200000250000300000350000400000450000500000550000600000

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TATA MONTHLY INCOME FUND

Equity Portfolio as on 31/05/2010

Scrip Name % To Net

Assets

Construction Project 2.50

Nagarjuna Construction Co Ltd 2.15

Larsen & Toubro Ltd. 0.35

Banks 2.02

Indian Bank 1.37

ING Vysya Bank 0.65

Software 1.35

Mphasis Ltd. 1.35

Power 1.26

KEC International Ltd 0.67

Jyoti Structures Ltd. 0.59

Finance 0.89

HDFC Limited 0.89

Oil 0.70

Oil & Natu. Gas Co. 0.70

Auto 0.56

Tata Motors Limited 0.56

Industrial Capital Goods 0.50

Bharat Heavy Electricals Ltd. 0.50

Total Equity 9.78

Debt Portfolio as on 31/05/2010

Scrip Name Rating % To Net

Assets

ICICI Bank Ltd A1+ 20.45

Canara Bank P1+ 10.18

Steel Authority Of India Ltd. AAA 13.90

Power Finance Corporation AAA 11.53

Indian Railway Finance Corp AAA 5.47

GOI - 8.32% (02/08/2032) SOV 5.40

Reliance Industries Ltd. AAA 10.78

Total Debt 77.71

Cash, Others 12.51


Fund positioning: A conservatively managed open ended monthly income fund with equity component not exceeding 10% of net assets. (Monthly Income is not assuredand is subject to availability of distributable surplus.).

Quantitative Indicators:Scheme Benchmark Scheme Benchmark

Std. Dev (Annualised) : 5.07 6.45 Sharpe Ratio : 0.66 0.12

Portfolio Beta : 0.72 1.00 R Squared : 0.11 1.00

^Risk-free rate based on the last 3 months T-Bill cut-off of 4.98%. Past Performance may or may not be sustained in future.


Maturity Profile:

Average Maturity : 5.09 Years

Gross Yield to Maturity (For Debt Component) : 6.88%

Performance Record - Monthly Dividend Option

Past Performance of the Scheme may or may not be sustained in future. Returns are given for monthly dividend 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. For Individuals and HUF.

6.13 6.22

8.08

N.A.

2.42

6.46

7.738.34

2.64

1.01

0123456789


Tata Monthly Income Fund Crisil MIP Blended Index

Maturity Profile

9.91%

30.62%

0.00%

47.08%

0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50%

Below 6 Months

Between 6 To 12 Months

Between 1 To 3 years

Above 3 year

Total Net Assets as on 31/05/2010 (Rs. Lacs) : 4,676.64

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


Inception Date : April 27, 2000

AUM (Rs. lacs) : 4,676.64

NAV (as on 31/05/2010)

Monthly Dividend : Rs 12.2940

Growth : Rs 18.2218

Quarterly Dividend : Rs 12.4878

52 week High (G) : Rs 18.2691 (30-Apr-2010)

52 week Low (G) : Rs 17.82 (10-Nov-2009)

Expense Ratio : 2.00%

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


Fund manager comment :

The economy maintained its momentum with 4th Qtr FY10 GDPgrowth at 8.6% as compared to 6.5% in the 3rd Qtr of FY10. The 3G& BWA auctions too has elicited huge response, with governmentexpected to collect close to Rs.1 trillion. This will help in reducingthe fiscal deficit to large extent, which augurs well for both theequity and debt markets.

10

TATA LIQUID FUND

Total Net Assets as on 31/05/2010 (Rs. Lacs) : 3,19,668.43

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


Scrip Name Rating % to NAV Asset

CD & CP 81.35


Reliance Industries Ltd. P1+ 7.00

UCO Bank P1+ 6.23

Union Bank Of India P1+ 5.46

Allahabad Bank A1+ 5.46

United Bank Of India A1+ 4.65

Kotak Mahindra Bank P1+ 4.19

Dena Bank P1+ 3.62

Karnataka Bank Ltd A1+ 3.12

Karur Vysya Bank Ltd A1+ 3.12


IDBI Bank Ltd. A1+ 3.12

Andhra Bank PR1+ 3.12

EXIM P1+ 3.12

State Bank Of Indore Ltd P1+ 3.11

Vijaya Bank PR1+ 1.56

Central Bank Of India PR1+ 1.56

Bank Of Maharashtra A1+ 1.56

ICICI Secu. Primary Dealership Ltd P1+ 1.56

Axis Bank Limited P1+ 1.55

Punjab National Bank PR1+ 1.55

Corporation Bank P1+ 0.78

Small Indust Devlop Bank Of India PR1+ 0.78

State Bank Of Hyderabad A1+ 0.78

IDBI Homefinance Ltd A1+ 0.78

H.P.C.L. P1+ 0.78

State Bank Of Travancore P1+ 0.77

Marico Industries Ltd. P1+ 0.77

J.M. Financial Products Pvt.Ltd P1+ 0.77

Power Finance Corporation P1+ 0.31

NCD/FRN 10.18

Sundaram Fin Ltd LAA+ 4.69


Union Bank Of India AAA 1.56

LIC Housing Finance Ltd AAA 1.56

HDFC Limited AAA 0.63

Cash, Others 8.47


Quantitative Indicators: (HIP - Growth)

Scheme Benchmark Scheme Benchmark





Maturity Profile:Average Maturity : 1.48 Months


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

AUM (Rs. lacs) : 3,19,668.43

Average AUM (Rs. lacs) : 3,80,597.18

NAV (as on 31/05/2010)

RIP - Growth : Rs .2128.6935

RIP - Dividend (Fortnightly) : Rs 1144.9739

HIP - Growth : Rs 1539.2596

SHIP - Growth : Rs 1712.2340

52 week High(RIP-G) : Rs 2128.6935 (31-May-2010)

52 week Low(RIP-G) : Rs 2048.5504 (01-Jun-2009)

Expense Ratio (HIP) : 0.55%

(Please refer to page no. 12/13 for AdditionalInformation)


Rating Profile

Fund manager comment :The liquidity position which was comfortable in the previous month suddenly tightened due to 3Gauction outflows (Rs.68K). The average surplus under LAF window which was around 40K in thefirst half of the month completely dried up towards the end of the month. This resulted in shortterm money market yields spiking by as much as 100-150 basis points. Considering the tightliquidity scenario, RBI has allowed the additional borrowings by Banks to the extent of 0.5% ofNDTL for a temporary period and also reduced the size of the TBill auction to the extent of 22K.These measures will help to reduce the pressure on the liquidity. The fund has been positionedaccordingly to take advantage of the evolving liquidity scenario.


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

0.381.10

2.01

4.03

6.65 6.666.12

3.13

6.16 6.195.61

0.290.99

1.75

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 Since Inception

Tata Liquid Fund (HIP) Crisil Liquid Fund Index

Maturity Profile

90.21%

3.30%

3.13%

3.75%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Below 3 Months



Above 1 Year

CASH, OTHERS8.47%

AA+4.69%

AAA/AAA SO/P1+/A1+/F1+

86.84%

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, whichcan also be swapped for floating Rate Returns.

Maturity Profile:

Average Maturity : 2.82 Months



Scrip Name Rating % to NAV

CD & CP 95.27

Bank Of Baroda A1+ 12.74



Union Bank Of India P1+ 5.38

Allahabad Bank A1+ 4.68

IDBI Bank Ltd. A1+ 4.06

United Bank Of India A1+ 3.21

Oriental Bank Of Commerce P1+ 3.09

Dena Bank P1+ 3.02

Punjab National Bank PR1+ 2.93

State Bank Of Indore Ltd P1+ 2.92

Reliance Industries Ltd. P1+ 2.64

Central Bank Of India PR1+ 2.33

HDFC Bank Ltd PR1+ 2.27

Rashtriya Ispat Nigam Limited P1+ 2.05

State Bank Of Patiala P1+ 2.03

UCO Bank P1+ 1.76

State Bank Of Mysore A1+ 1.75

Andhra Bank PR1+ 1.73

Bank Of India P1+ 1.71

Allahabad Bank P1+ 1.47

Karur Vysya Bank Ltd A1+ 1.45

Karnataka Bank Ltd A1+ 1.18

State Bank Of Patiala A1+ 1.16

Syndicate Bank P1+ 1.16

Small Indust Devlop Bank Of India PR1+ 1.16

Indian Bank F1+ 1.15

State Bank Of Bikaner & Jaipur P1+ 1.14

Federal Bank Ltd . P1+ 0.88

Bank Of Maharashtra A1+ 0.88

State Bank Of Hyderabad A1+ 0.87

Andhra Bank P1+ 0.87

Indian Oil Corp Ltd. P1+ 0.87

Bajaj Auto Finance Ltd P1+ 0.86

Axis Bank Limited P1+ 0.58

State Bank Of Hyderabad P1+ 0.58

Corporation Bank P1+ 0.58

EXIM A1+ 0.58

Jindal Steel & Power Ltd. A1+ 0.58

HDFC Limited A1+ 0.58

STCI Primary Dealer Ltd A1+ 0.58

United Bank Of India PR1+ 0.29

State Bank Of Travancore P1+ 0.29

NABARD P1+ 0.29

Sundaram Fin Ltd A1+ 0.29

H.P.C.L. P1+ 0.29

Aditya Birla Finance Ltd A1+ 0.18

NCD/FRN 1.29

Kesoram Industries Limited PR1+ 0.59

Indian Railway Finance Corp AAA 0.29


Indian Railway Finance Corp LAAA 0.12

ICICI Bank Ltd AAA 0.00

Government Securities 0.59

Treasury Bill Sovereign 0.59

Securitised Debt 1.20

Petronet Lng Ltd F1+ 1.19

Indian Retail Abs Trust 83 LAAA 0.01

Cash, Others 1.65


Quantitative Indicators:Scheme Benchmark Scheme Benchmark




Fund manager comment :The liquidity in the system, which was comfortable in the first half of month, suddenly dried, onaccount of 3G auction outflows, resulting in sharp rise in the money market rates. To ease thepressure on the liquidity, RBI has taken certain measures such additional borrowing limits to theextent of 0.5% of NDTL up to 2nd July 2010 as well as reducing the size of TBill auction for themonth of June by 22K. We expect the pressure on liquidity to ease gradually as the funds crawlsback in to the system through government spending. The fund has been position accordingly totake advantage of the prevailing tight liquidity condition.


Maturity Profile

94.86%

4.80%

0.01%

0.00%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Below 6 Months


Between 1 To 3 Years

Above 3 Year


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

0.421.24

2.37

4.84

7.34 7.12

3.13

6.16 6.28

0.290.99

1.75

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

Total Net Assets as on 31/05/2010 (Rs. Lacs) : 8,48,585.03

SnapshotFund Manager : Raju Sharma (Debt)

Indicative investment horizon: 3 months and above

Inception Date : September 06, 2005

AUM (Rs. lacs) : 8,48,585.03

Average AUM (Rs. lacs) : 9,33,424.46

NAV (as on 31/05/2010)

Dividend Daily : Rs 10.0356

Dividend Weekly : Rs.10.0888

Growth : Rs 13.8462

52 week High (G) : Rs.13.8462 (31-May-2010)

52 week Low (G) : Rs.13.3400 (13-Aug-2009)


(Please refer to page no. 12/13 for AdditionalInformation)


Rating Profile

CASH, OTHERS1.65%

AAA/P1+/PR1/A1/SOV/F1+/A1+ SO

98.35%

12

SCHEMES AT A GLANCE

ParticularsTata Equity OpportunitiesFund (TEOF)

Tata Pure Equity Fund(TPEF)

Tata Tax Saving Fund(TTSF)

Tata Equity P/E Fund(TEPEF)

Date of InitialAllotment

February 25, 1993 May 7, 1998 March 31, 1996 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 aprocess of rigorous research

An open ended equity linkedtax saving scheme (ELSS)for residents with a lock-inperiod of 3 years

An open ended equityscheme. The fund aims toidentify undervaluedcompanies whose rolling P/Eratio are less than that of theBSE sensex

Investment

Objective

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


To provide medium to longterm capital gains along withincome tax relief to itsUnitholders, while at all timesemphasising the importanceof capital appreciation.

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

Entry Load

(other than in SIP)

Nil Nil Nil Nil

Exit Load

(other than in SIP)

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


3 years Lock in (NIL after 3years)


Investment Plans /Options

Dividend Option and GrowthOption


Dividend Option Dividend Option andGrowth Option

Minimum

Investment

For fresh investment:Rs. 5000/- and in multiples ofRe. 1/- thereafter.

For fresh investment:Rs. 5000/- and in multiplesof Re. 1/- thereafter.

For fresh investment:Rs. 500/- and in multiples ofRs. 500/- thereafter.

For fresh investment:Rs. 5000/- and in multiples ofRe. 1/- thereafter.

Minimum AdditionalInvestment

Rs.1000/- and in multiples ofRe. 1/- thereafter.

Rs.1000/- and in multiples ofRe. 1/- thereafter.

Rs. 500/- and in multiples ofRs. 500/- thereafter.

Rs. 1000/- and in multiples ofRe. 1/- thereafter.

NAV determination All Business Days All Business Days All Business Days All Business Days

Assets under

management as on31st May, 2010(Rs. in lacs)

57,183.38 13,537.73 56,122.8144,034.23

Tata InfrastructureFund (TISF)

December 31, 2004

An open ended equity fundthat invests atleast 70% ofits assets in equity / equityrelated instrument ofcompanies in infrastructuresector.

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

Nil


Dividend Option andGrowth Option

Under each option minimuminvestment Rs. 5,000/- andin multiples of Re.1/-thereafter.

Rs 1000/- and in multiples ofRe 1/- thereafter

All Business Days

2,13,938.86

13

SCHEMES AT A GLANCE

ParticularsTata Balanced Fund(TBF)

Tata Liquid Fund(TLF)

Tata Floater Fund(TFF)

Tata MonthlyIncome Fund (TMIF)(An open ended fund. Monthlyincome is not assured and issubject to the availability ofdistributable surplus)

Date of InitialAllotment

October 8, 1995 August 30, 1998 September 06, 2005 April 27, 2000

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 allocationdynamics in tune withmarket 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 qualityfloating rate debt instruments,money market instruments andin fixed rate debt instruments,which can also be swappedfor floating rate returns.

An open ended income fundwith no assured returns thatprimarily invests in debtsecurities with a smallpercentage (upto 10% of netassets) in equities with an aimto provide regular income and/ or capital appreciation

InvestmentObjective


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 witha low interest rate risk strategyby creating a portfolio that ispredominantly invested in goodquality floating rate debtinstruments, money marketinstruments and in fixed rate debtinstruments, which can also beswapped for floating rate returns.

To provide reasonable andregular income along withpossible capital appreciationto its Unitholder.

Entry Load

(other than in SIP)

Nil Nil Nil Nil

Exit Load

(other than in SIP)


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

Investment Plans /

Options


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.

Monthly Income / QuarterlyIncome / Growth Options

MinimumInvestment

For fresh investment:Rs. 5000/- and in multiplesof Re. 1/- thereafter.

RIP: Rs. 10,000/- and inmultiples of Re. 1/-thereafter. HIP: Rs. 10 lakhsand in multiples of Re. 1/-thereafter. SHIP: Rs. 1 croresand in multiples of Re. 1/-thereafter.

Minimum ApplicationRs. 10,000 and in multiplesof Re.1 thereafter

Monthly Income and QuarterlyIncome:Rs. 25000/- and inmultiples of Re. 1/- thereafter.Growth Option: Rs. 10000/-and in multiples of Re. 1/-thereafter.

Minimum Additional

Investment

Rs. 1000/- and in multiplesof Re. 1/- thereafter.

RIP: Rs. 10,000/- and inmultiples of Re. 1/- thereafter.HIP: Rs. 1 lac and in multiplesof Re. 1/- thereafter. SHIP: Rs.1 lac and in multiples of Re.1/- thereafter.

Rs.1,000/- and in multiplesof Re. 1/-.

Monthly Income and QuarterlyIncome: Rs. 5000/- and inmultiples of Re. 1/- thereafter..Growth Option: Rs. 1000/- andin multiples of Re. 1/-thereafter.

NAV determination All Business Days All Days All Business Days All Business Days

Assets under

management as on31st May, 2010(Rs. in lacs)

27,192.22 3,19,668.43 8,48,585.03 4,676.64

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 impor tanceof capital appreciation.

Nil



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

Rs. 1000/- and in multiples ofRe. 1/- thereafter.

All Business Days

6,157.73

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.

14

TATA INFRASTRUCTURE FUND

Dividend per unit (Rs.) NAV (Rs.) (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 to theextent of dividend payout and statutory levy, if any. (Unit face value - Rs. 10/-).

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

Dividend per unit (Rs.) NAV (Rs.) (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 (Rs.) NAV (Rs.) (Date of Declaration of dividend)

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

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


3.0 43.1703 (15/01/2010)


TATA PURE EQUITY FUND


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)


TATA EQUITY OPPORTUNITIES FUND


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)


TATA LIFE SCIENCES AND TECHNOLOGY FUND


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)


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 of the portfolioreturns.

• 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 TAX SAVING FUND


2.00 16.8910 (15/06/1999)

2.00 41.4920 (14/01/2000)

1.00 23.9770 (10/12/2003)

10.10 40.1923 (20/10/2005)

3.00 63.7228 (14/12/2007)

3.00 44.4002 (04/09/2009)

5.00 46.9810 (22/01/2010)

Bonus 1:1 in March' 2000


TATA BALANCED FUND


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)


TATA MONTHLY INCOME FUND


0.0499 12.0828 (17/12/2007)

0.0468 12.1955 (16/01/2008)

0.0452 11.9962 (14/02/2008)

0.0499 11.8730 (17/03/2008)

0.0452 11.8911 (15/04/2008)

0.0468 11.9193 (15/05/2008)

0.0499 11.7853 (16/06/2008)

0.0515 11.6523 (18/08/2008)

0.0336 11.6441 (15/09/2008)

0.0348 11.4095 (14/10/2008)

0.0187 11.2901 (29/10/2008)

0.0230 11.3999 (14/11/2008)

0.0595 12.0040 (15/12/2008)

0.0595 12.0284 (15/01/2009)

0.0384 11.8638 (16/02/2009)

0.0336 11.9240 (16/03/2009)

0.0432 12.3101 (15/04/2009)

0.0418 12.2781 (14/05/2009)

0.0614 12.4446 (15/06/2009)

0.0447 12.4387 (16/07/2009)

0.0557 12.3974 (14/08/2009)

0.0614 12.4156 (15/09/2009)

0.0418 12.3478 (14/10/2009)

0.0475 12.4267 (16/11/2009)

0.0418 12.3960 (15/12/2009)

0.0447 12.4878 (15/01/2010)

0.0447 12.3171 (15/02/2010)

0.0403 12.2809 (15/03/2010)

0.0448 12.3349 (15/04/2010)

0.0419 12.3266 (14/05/2010)


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 Tax Saving Fund, Tata Pure Equity Fund, Tata Liquid Fund, Tata Monthly Income 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. 105, D-Gold House, Near Hotel Sheetal, Dnyaneshwar Paduka Chowk, F. C. Road, Shivajinagar, Pune - 411 004. Tel.: 020-30288775/64005932, Telefax:- 30288776. 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, 64541863/64. 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: Shop No : 2, 4th Floor, Door No : 46-22-44/21, Kalyan Estates, Near Hotel Dwaraka Inn, Railway Station Road, Visakhapatnam – 530016. Tel.: 0891 – 6451883 Fax: 0891-2503292.

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