SCHEME INFORMATION

DOCUMENT (SID) -
SECTION I

(SCHEME CODE - TATA/O/E/ELS/95/11/0005)

Scheme Risk O Meter Benchmark Risk O Meter

This product is suitable for investors who are seeking*:
• Long Term Capital Appreciation
• An equity linked savings scheme (ELSS) Investing
predominantly in Equity & Equity related instruments.
*Investors should consult their financial advisors if in
doubt about whether the product is suitable for them

(It may be noted that risk-o-meter specified above is based on internal assessment. The same shall be updated as per provision no. 17.4.1.i of SEBI Master Circular on Mutual Fund
dated May 19, 2023, on Product labelling in mutual fund schemes on ongoing basis).

Units were offered at Rs. 10/- each for cash during the New Fund Offer &
Continuous offer for units at NAV based prices, subject to applicable load.

New Fund Offer Opened On 20.12.1995

New Fund Offer Closed On 31.03.1996
Scheme Re-opened On 01.04.1999

Name of Mutual Fund Name of Trustee Company Name of Asset Management Company
Tata Mutual Fund Tata Trustee Co. Pvt Ltd. Tata Asset Management Pvt Ltd.
1903, B-Wing, Parinee Crescenzo, G-Block, 1903, B-Wing, Parinee Crescenzo, G-Block, 1903, B-Wing, Parinee Crescenzo, G-Block,
BKC, Bandra (East), Mumbai - 400 051 BKC, Bandra (East), Mumbai - 400 051 BKC, Bandra (East), Mumbai - 400 051
CIN: U65991-MH-1995-PTC-087722 CIN: U65990-MH-1994-PTC-077090

The particulars of the Scheme have been prepared in accordance with the Securities and Exchange Board of India (Mutual Funds) Regulations 1996, (herein
after referred to as SEBI (MF) Regulations) as amended till date and circulars issued thereunder filed with SEBI, along with a Due Diligence Certificate from the
AMC. The units being offered for public subscription have not been approved or recommended by SEBI nor has SEBI certified the accuracy or adequacy of the
Scheme Information Document.
The Scheme Information Document sets forth concisely the information about the scheme that a prospective investor ought to know before investing. Before investing,
investors should also ascertain about any further changes to this Scheme Information Document after the date of this Document from the Mutual Fund / Investor Service
Centres / Website / Distributors or Brokers.
The investors are advised to refer to the Statement of Additional Information (SAI) for details of Tata Mutual Fund, Standard Risk Factors, Special
Considerations, Tax and Legal issues and general information on www.tatamutualfund.com

SAI is incorporated by reference (is legally a part of the Scheme Information Document). For a free copy of the current SAI, please contact your nearest
Investor Service Centre or log on to our website.
The Scheme Information Document (Section I and II) should be read in conjunction with the SAI and not in isolation

This Scheme Information Document is dated 28 June, 2024

1903, B Wing, Parinee Crescenzo, G Block, BKC, Bandra East, Mumbai – 400 051
Call: (022) 6282 7777 (Monday to Saturday 9:00 am to 5:30 pm) Fax: (022) 22613782
E-mail: [email protected] Website: www.tatamutualfund.com
 TATA ELSS TAX SAVER FUND

Part I. HIGHLIGHTS/SUMMARY OF THE SCHEME

Sr. No. Title Description

I. Name of the scheme Tata ELSS Tax Saver Fund

II. Category of the Scheme Equity Schemes – ELSS

III. Scheme type Tata ELSS Tax Saver Fund is an open ended equity linked saving scheme with a statutory lock in
of 3 years and tax benefit.

IV. Scheme code TATA/O/E/ELS/95/11/0005

V. Investment objective The investment objective of the Scheme is to provide medium to long term capital gains along
with income tax relief to its Unitholders, while at all times emphasising the importance of capital
appreciation. However, there is no assurance or guarantee that the investment objective of the
Scheme will be achieved. The scheme does not assure or guarantee any returns.

VI. Liquidity/listing details The scheme is an open ended schemes. The scheme is open for resale and repurchase of units at
NAV based price, with applicable loads, if any on every business day on an ongoing basis.
Investment in the scheme is subject to a lock-in period of three years hence investors will not be
able to redeem their units till the expiry of three years from the date of allotment. After completion
of three years’ lock-in period, repurchase facility will be provided on all business days at NAV
based price plus exit load, if any. Note: In the event of the death of the unitholder, the nominee or
legal heir, as the case may be, shall be able to withdraw the investment only after the completion
of one year from the date of allotment of the units to the unitholder or any time thereafter.
Currently the scheme is not listed. However, the trustees may review the same in future and list
the units under the Scheme on one or more Stock Exchanges later subject to adherence of terms
and conditions of Regulators/Exchanges.
VII. Benchmark (Total Return Index) NIFTY 500 TRI
Considering the focus of the scheme in for long term growth, Nifty 500 would be an ideal
benchmark for the scheme and is most suitable for performance composition.
VIII. NAV disclosure The NAVs will be calculated and disclosed on every Business Day. The AMC will prominently
disclose the NAVs under a separate head on the website of the Fund (www.tatamutualfund.com)
and of the Association of Mutual Funds in India-AMFI (www.amfiindia.com) by 11 P.M. on
every business day^.
However, due to inability in capturing same day valuation of underlying investments, the NAV
shall be disclosed by 11 P.M. of the next business day^.
^ If the NAVs are not available before the commencement of Business Hours on the following
day (i.e., next day after the respective business day) due to any reason, the Mutual Fund shall
issue a press release giving reasons for the delay and explain by when the Mutual Fund would be
able to publish the NAV.
Due to difference in the expense ratio, the NAV of each option of Direct Plan will be different
from the NAV of each option of Regular Plan. Similarly, due to IDCW- Payout option , the NAV
of Income Distribution cum Withdrawal Option(IDCW) will be different from the NAV of
Growth option.

IX. Applicable timelines Timeline for:

• Dispatch of redemption proceeds,
Under normal circumstances the AMC shall make the payment of redemption proceeds within
three working days from the date of redemption or repurchase, subject to exceptional
circumstances as mentioned in this document. In case of failure to dispatch, Interest for the period
of delay shall be payable to unitholders at the rate of 15% per annum alongwith redemption or
repurchase proceeds.
• Dispatch of IDCW (if applicable) etc.
The payment of dividend to the unitholders shall be made within seven (07) working days from
the record date. In case of failure to dispatch income distribution cum capital withdrawal
proceeds within seven working days from the record date, the AMC shall be liable to pay
interest to the Unit Holders at such rate as may be specified by SEBI for the period of such
delay (presently @ 15% per annum). The above timelines are subject to the list of exceptional
circumstance as specified by SEBI or AMFI from time to time.

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 X. Plans and Options Regular Plan ( For applications routed through Distributors):
Plans/Options and sub
1. Growth
options under the Scheme
2. Income Distribution cum Withdrawal Option (IDCW)
Direct Plan ( For applications not routed through Distributors):
1. Growth
2. Income Distribution cum Withdrawal Option (IDCW)

Default Option

If Growth or Income Distribution cum Withdrawal Option is not mentioned: Growth

Income Distribution cum Withdrawal Option will have Payout of Income Distribution Cum
Capital Withdrawal Option (IDCW- Payout Option) and Transfer of Income Distribution cum
capital withdrawal plan (IDCW-Transfer) facility. Under the IDCW (I,e sweep) facility,
investors can request for the income distribution amount to be invested in any other open ended
scheme of Tata Mutual Fund.

Investor shall note that when units are sold, and sale price (NAV) is higher than face value of
the unit, a portion of sale price that represents realized gains shall be credited to an Equalization
Reserve Account and which can be used to pay income distribution. Hence income distribution
amounts can be distributed out of investors capital (Equalization Reserve), which is part of sale
price that represents realized gains.

Default Plan:

Investors are requested to note the following scenarios for the applicability of “Direct
Plan(application not routed through distributor) or Regular Plan(application routed through
distributor) ” for valid applications received under the scheme:

Scenario Broker Code mentioned by the Plan mentioned by the investor Default Pl
investor captured
1 Not mentioned Not mentioned Direct Plan
2 Not mentioned Direct Direct Plan
3 Not mentioned Regular Direct Plan
4 Mentioned Direct Direct Plan
5 Direct Not Mentioned Direct Plan
6 Direct Regular Direct Plan
7 Mentioned Regular Regular Pl
8 Mentioned Not Mentioned Regular Pl
In cases of wrong/ invalid/ incomplete ARN codes mentioned on the application form,
the application shall be processed under Regular Plan. The AMC shall contact and obtain
the correct ARN code within 30 calendar days of the receipt of the application form from
the investor/ distributor. In case, the correct code is not received within 30 calendar days,
the AMC shall reprocess the transaction under Direct Plan from the date of application
without any exit load.
XI. Load Structure Direct Plan & Regular Plan:

Entry Load: NA
Exit Load: Nil (Compulsory Lock-in for three years).
XII. Minimum Application Rs. 500/- and in multiples of Re. 500/- thereafter
Amount/switch in

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 XIII. Minimum Additional Rs. 500/- and in multiples of Re. 500/-
Purchase Amount

XIV. Minimum Redemption/switch out The repurchase / switches request can be made for a minimum of Rs. 500/- .
amount
Minimum amount requirement for all unit switch is Rs.500/- & in multiples of Rs.500/-.

XV. New Fund Offer Period This is the Being on ongoing scheme this section is not applicable
period during which a new scheme
sells its units to the investors.

XVI. New Fund Offer Price: This is the Being on ongoing scheme this section is not applicable
price per unit that the investors
have to pay to invest during the
NFO.

XVII. Segregated portfolio/side pocketing Not applicable

disclosure

XVIII Swing pricing disclosure Not applicable

XIX. Stock lending/short selling The scheme may participate in stock lending and short selling. For Details, kindly refer SAI

XX. How to Apply and other details Investors can apply through various modes. Request can be made either through offline or
electronic mode or at any of our official point of acceptance. Detailed process is mentioned in
section II

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XXII. Investor services
Contact details for general service requests:

Telephone: (022) 6282 7777

Email: [email protected]
Whatsapp: 70457 48282
SMS: TMF to 57575

Contact details for complaint resolution:

The AMC has designated an Investor Relations Officer to look into investor grievances regarding
deficiencies, if any, in the services provided by the Registrars or the Investor Service Centres.

Name of the Investor Relations Officer:

Ms. Kashmira Kalwachwala

Tata Asset Management Pvt Ltd. (Investment Manager for Tata Mutual Fund) 1903 B Wing
Parinee Crescenzo G Block BKC Bandra East, Mumbai – 400 051. Call: (022) 6282 7777 (Monday
to Saturday 9:00 am to 5:30 pm), Fax: 22613782, Email: [email protected], Website:
www.tatamutualfund.com

Email: [email protected]

The AMC will have the discretion to change the Investor Relations’ Officer depending on
operational necessities and in the overall interest of the fund.
XXIII Specific attribute of the scheme The scheme, being open ended in nature, has perpetual duration.
(such as lock in, duration in case of
target maturity scheme/close ended
schemes) (as applicable)

XXIV Special product/facility available

during the NFO and on ongoing Systematic Investment Plan:- The SIP allows the unitholders to invest a fixed amount of Rupees at
basis regular intervals for purchasing additional units of the fund at NAV based prices. Investment can
be done with the minimum / maximum amount and number of cheques specified by AMC from
time to time. The cheques will be presented on the dates mentioned on the cheque and subject to
realization. Units will be allotted at the applicable NAV along with applicable load (if any). “SIP
facility is available subject to terms and conditions. Please refer to the SIP Enrolment form for
terms and conditions before enrolment.”

SIP with Top-up SIP facility: SIP with Top-up SIP is a facility whereby an investor has an option
to increase the amount of the SIP Installment by a fixed amount at pre-defined intervals. This will
enhance the flexibility of the investor to invest higher amounts during the tenure of the SIP.
Terms and conditions of top-up SIP are as follows:
i. The Top-up option must be specified by the investors while enrolling for the SIP facility.
ii. For minimum SIP Top-up amount refer application form.
iii. The Top-up details cannot be modified once enrolled. In order to make any changes, the investor
must cancel the existing SIP and enroll for a fresh SIP with Top-up option.
iv. Under monthly SIP investors can opt for top up amount at half-yearly and yearly intervals. If
the investor does not specify the frequency, the default interval for Top-up will be considered as
Yearly.
v. In case of Quarterly SIP, investors can opt for only Yearly interval top-up frequency.

For complete details regarding the SIP with top-up facility please refer to SIP Auto Debt Form
with Top up facility enrollment form.

Systematic Transfer Plan:- A unitholder may establish a Systematic Transfer Plan (STP) and choose
to transfer an amount from one TMF Scheme (Source Scheme) to another TMF Scheme (Target
Scheme) on a date/ frequency prescribed by the Investment Manager. The amount thus withdrawn
by redemption shall be converted into units at the applicable NAV on the scheduled day and such
units will be subtracted from the unit balance of that unitholder. The net amount will be considered
for allotment in the target scheme and units will be allotted as per the applicable NAV of the target

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 scheme.

Systematic Withdrawal Plan:- This facility available to the unitholders of the fund enables them
to redeem fixed sums or fixed number of units from their unit accounts at periodic intervals. The
amount withdrawn under SWP by redemption shall be converted into the Fund units at the
Repurchase price and such units will be redeemed/ subtracted from the unit balance of that
unitholder. In case the date falls during a non business day/ book closure period the immediate
next Business day will be considered for this purpose.

Flex STP Flexible Systematic Transfer Plan (“Flex STP”) by Tata Mutual Fund is a facility
wherein a Unitholder(s) of designated open-ended Scheme(s) can opt to transfer variable
amounts linked to the value of his investments on the date of transfer at pre-determined intervals
from designated open-ended (source scheme) to the growth option of another open-ended
scheme (target scheme).

For further details of above special products / facilities and Terms & Conditions, please refer
“Other Scheme Specific Disclosures”of this document, KIM/Application/enrollment form and
SAI.
XXV. Weblink For Total Expense Ratio (TER):
Functional Weblink: https://www.tatamutualfund.com/expense-ratio/total-expense-ratio
For Scheme Factsheet:
Functional Weblink: https://www.tatamutualfund.com/information-documents

Other Highlights

⚫ A Mutual Fund - sponsored by Tata Sons Private Limited (TSPL) and Tata Investment Corporation Limited (TICL).
⚫ The Scheme is managed by Tata Asset Management Private Limited (TAMPL).
⚫ Earnings of the Fund is exempt from income tax under Section 10(23D) of the Income Tax Act, 1961.
⚫ As per the provisions of section 80C of Income Tax Act, 1961, investments made by the Individuals & HUFs and / or specified category of BOI / AOPs
(As per ELSS notification) in this scheme will qualify for a deduction upto Rs. 1.50 Lac (along with other prescribed investments) from Gross Total
Income under old regime.
⚫ Interpretation
For all purposes of this Scheme Information Document (SID), except as otherwise expressly provided or unless the context otherwise requires:
• The terms defined in this SID includes the plural as well as the singular.
• Pronouns having a masculine or feminine gender shall be deemed to include the other.
• The term “Scheme” refers to the scheme covered under this SID including the options /sub-options thereunder.

REQUIREMENT OF MINIMUM INVESTORS IN THE SCHEME

The Scheme shall have a minimum of 20 investors and no single investor shall account for more than 25% of the corpus of the Scheme. The two conditions
mentioned above shall be complied with on a calendar quarter basis, on an average basis, as specified by SEBI. If there is a breach of the 25% limit by any
investor over the quarter, a rebalancing period of one month would be allowed and thereafter the investor who is in breach of the rule shall be given 15 days’
notice to redeem his exposure over the 25 % limit. Failure on the part of the said investor to redeem his exposure over the 25 % limit within the aforesaid 15
days would lead to automatic redemption by the Mutual Fund on the applicable Net Asset Value on the 15th day of the notice period. However, in case the
Scheme does not have a minimum of 20 investors, on an average basis, in the stipulated period (i.e. during the concerned calendar quarter), the provisions of
Regulation 39(2) (c) of the SEBI (MF) Regulations would become applicable automatically without any reference from SEBI and accordingly the Scheme
shall be wound up and the units would be redeemed at applicable NAV. The Fund shall adhere to the requirements prescribed by SEBI from time to time in
this regard.

SPECIAL CONSIDERATIONS

Investors are urged to study the terms of the SID carefully before investing in this Scheme, and to retain this SID for future reference. The Mutual Fund may
disclose details of the investor’s account and transactions there under to those intermediaries whose stamp appears on the application form or who have been
designated as such by the investor. In addition, the Mutual Fund may disclose such details to the bankers, as may be necessary for the purpose of effecting
payments to the investor. The Fund may also disclose such details to regulatory and statutory authorities/bodies as may be required or necessary.

Pursuant to the provisions of Prevention of Money Laundering Act, 2002, if after due diligence, the AMC believes that any transaction is suspicious in nature
as regards money laundering, on failure to provide required documentation, information, etc. by the unit holder the AMC shall have absolute discretion to report
such suspicious transactions to FIUIND and / or to freeze the folios of the investor(s), reject any application(s) / allotment of units.

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 Tax Consequences
Redemption by the unit holders due to change in the fundamental attribute (if any, in future) of the scheme or due to any other reason may entail tax consequences
for which the Trustees, AMC, Fund their Directors / employees shall not be liable.
Disclosure / Disclaimer
To the best of the knowledge and belief of the Directors of the Trustee Company, information contained in this SID is in accordance with the SEBI Regulations
and facts and does not omit anything likely to have a material impact on the importance of such information.
Neither this SID nor the Units have been registered in any jurisdiction. The distribution of this SID in certain jurisdictions may be restricted or subject to
registration requirements and, accordingly, persons who come into possession of this SID are required to inform themselves about, and to observe, any such
restrictions. No persons receiving a copy of this SID or any accompanying application form in any such jurisdiction may treat this SID or such application form
as constituting an invitation to them to subscribe for Units, nor should they in any event use any such application form, unless in the relevant jurisdiction such
an invitation could lawfully be made to them and such application form could lawfully be used without compliance with any registration or other legal
requirements. Accordingly, this SID does not constitute an offer or solicitation to anyone in any jurisdiction in which such offer or solicitation is not lawful or
in which the person making such offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such offer or solicitation. It is the
responsibility of any persons in possession of this SID and any persons wishing to apply for Units pursuant to this SID to inform themselves of, and to observe,
all applicable laws and Regulations of such relevant jurisdiction.
Prospective investors should review / study this SID carefully and in its entirety and should not construe the contents hereof or regard the summaries contained
herein as advice relating to legal, taxation, or financial / investment matters and are advised to consult their own professional advisor(s) as to the legal or any
other requirements or restrictions relating to the subscription, gifting, acquisition, holding, disposal (sale, transfer, switch or redemption or conversion into
money) of Units and to the treatment of income (if any), capitalisation, capital gains, any distribution, and other tax consequences relevant to their subscription,
acquisition, holding, capitalisation, disposal (sale, transfer, switch, redemption or conversion into money) of Units within their jurisdiction of nationality,
residence, domicile etc. or under the laws of any jurisdiction to which they or any managed funds to be used to purchase/gift Units are subject, and (also) to
determine possible legal, tax, financial or other consequences of subscribing / gifting to, purchasing or holding Units before making an application for Units.
No person has been authorized to give any information or to make any representations not confirmed in this SID in connection with the New Fund Offer /
Subsequent Offer of Units, and any information or representations not contained herein must not be relied upon as having been authorized by the Mutual Fund
or the Asset Management Company or the Trustee Company. Statements made in this SID are based on the law and practice currently in force in India and are
subject to change therein. Neither the delivery of this SID nor any sale made hereunder shall, under any circumstances, create any impression that the information
herein continues to remain true and is correct as of any time subsequent to the date hereof.
Notwithstanding anything contained in the SID the provisions of SEBI (Mutual Funds) Regulations 1996 and guidelines thereunder shall be applicable. The
Trustee Company would be required to adopt / follow any regulatory changes by SEBI / RBI etc and /or all circulars / guidelines received from AMFI from
time to time if and from the date as applicable. The Trustee Company in such a case would be obliged to modify / alter any provisions / terms of the SID during
/ after the launch of the scheme by following the prescribed procedures in this regard.

Other Business Activities of AMC:

Please refer SAI.

DUE DILIGENCE BY THE ASSET MANAGEMENT COMPANY

It is confirmed that:

i. The Scheme Information Document submitted to SEBI is in accordance with the SEBI (Mutual Funds) Regulations, 1996 and the guidelines and directives
issued by SEBI from time to time.
ii. All legal requirements connected with the launching and running of the Scheme as also the guidelines, instructions, etc., issued by the Government and
any other competent authority in this behalf, have been duly complied with.
iii. The disclosures made in the Scheme Information Document are true, fair and adequate to enable the investors to make a well informed decision regarding
investment in the Scheme.
iv. The intermediaries named in the Scheme Information Document and Statement of Additional Information are registered with SEBI and their registration
is valid, as on date.
v. The contents of the Scheme Information Document including figures, data, yields etc. have been checked and are factually correct.
vi. A confirmation that the AMC has complied with the compliance checklist applicable for Scheme Information Documents and other than cited deviations/
that there are no deviations from the regulations.
vii. Notwithstanding anything contained in this Scheme Information Document, the provisions of the SEBI (Mutual Funds) Regulations, 1996 and the
guidelines there under shall be applicable.

For Tata Asset Management Pvt Limited

Date: 28th June, 2024 Padmanabhan Ramanathan

Place: Mumbai Compliance Officer

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 Part II. INFORMATION ABOUT THE SCHEME

A. HOW WILL THE SCHEME ALLOCATE ITS ASSETS?

Under normal circumstances, the asset allocation of the Scheme will be as follows

Indicative allocations (% of total assets) Risk Profile

Instruments Minimum Maximum High/Medium/Low

Equity & Equity Related Instruments

80 100 High
(Listed / to be listed)

Debt & Money Market Instruments 0 20 Low to Medium/Sovereign

As per the Equity Linked Savings Scheme, 2005, the Scheme shall invest atleast 80% of the investible funds in equity / equity related instruments.
Accordingly, the scheme invests atleast 80% of the investible funds in Equity / Equity Related instruments. and balance amount in Debt & Money Market
instruments.
Pending investment of funds in the required manner, the scheme may invest 20% of the funds in short-term money market instruments or other liquid instruments
or both.
The scheme will ensure compliance with Equity Linked Savings Scheme, 2005 as amended from time to time.
Investment by the scheme in securitised debt will not normally exceed 20% of the debt investment in the scheme.
The Scheme will comply with all the applicable circulars issued by SEBI as regard to derivatives viz. provision 7.5 of SEBI Master Circular on Mutual Funds
dated May 19, 2023, , provision 12.25 of SEBI Master Circular on Mutual Funds dated May 19, 2023.Investment in derivatives/futures/options may be done
for trading, hedging and portfolio balancing.

The scheme net assets will have a maximum derivative net position of 50% of the net assets of the scheme.
Not more than 25% of the net assets of the scheme shall be deployed in securities lending & single intermediary limit is 5%.

Indicative Table (Actual instrument/percentages may vary subject to applicable SEBI circulars)

Sl. no Type of Instrument Percentage of exposure SEBI Master Circular on

Mutual Fund dated May 19,
2023 Reference
1. Securities Lending Not more than 25% of the net assets Provision no. 12.11
of the Scheme can be deployed in
stock lending & single intermediary
limit is 5%.

2. Equity Derivatives for non- hedging 0-50% of net assets of the scheme Provision no. 12.25
purposes

3. Securitized Debt Will not normally exceed 20% of the

debt investment in the scheme. Provision no. 12.15

4. Overseas Securities (Including Will not invest

Provision no. 12.19
ADR/GDR/Overseas ETF)
5. ReITS and InVITS Will not Invest Provision no. 12.21
6. AT1 and AT2 Bonds Will not Invest Provision no. 12.2

Any other instrument a) Will not invest

a) Credit Default Swaps (CDS) b) Will not invest
b) Repo / reverse repo in c) Up to (100%) of equity portion of
corporate debt securities the scheme or (50%) of the net
Provision no. 12.25.8
assets of the scheme whichever is
c) Covered call options
lower

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Change in Investment Pattern
The Investment Patterns as outlined above are indicative. Investment strategy and pattern may be deviated from time to time, provided such modification is in
accordance with the Scheme(s) objective and Regulations as amended from time to time, the intent being to protect the Net Asset Value of the scheme and
unitholders’ interests. In case of deviation due to passive breaches, the AMC will achieve a normal asset allocation pattern in a maximum period of 30 business
days. In case deviation in investment pattern in not rebalanced within the period indicated above then justification in writing for such delay including details of
efforts undertaken to rebalance of portfolio shall be placed before the investment committee. The Investment Committee if so desires, can extend the timelines
upto sixty (60) business days from the date of mandated completion of rebalancing period.
In case the portfolio of schemes is not rebalanced within the aforementioned mandated plus extended timelines, AMCs shall:
i. not be permitted to launch any new scheme till the time the portfolio is rebalanced.
not to levy exit load, if any, on the investors exiting the scheme.

B. WHERE WILL THE SCHEME INVEST?

The funds collected under the scheme shall be invested in equities, cumulative convertible preference shares and fully convertible debentures and bonds of
companies. Investment may also be made in partly convertible issues of debentures and bonds including those issued on rights basis subject to the condition
that, as far as possible, the non-convertible portion of the debentures so acquired or subscribed, shall be disinvested within a period of twelve months.

Equity and equity related instruments will include:

• Equity Shares of listed and to be listed companies;

• Preference shares
• Convertible debentures*
• Convertible Preference shares
* If convertible debentures are partly convertible debentures instead of fully convertible debentures then, as far as possible, the non-convertible portion of the
debentures so acquired or subscribed, shall be disinvested within a period of 12 months.

Investment in Debt Instruments will include:

• Securities created and issued by the Central and State Governments and/or repos/reverse repos in such Government
• Securities as may be permitted (including but not limited to fixed or floating coupon bearing bonds, zero coupon bonds and treasury bills).
• Securities guaranteed by the Central and State Government (including but not limited to fixed or floating coupon bearing bonds, zero coupon bonds and
treasury bills).
• Corporate debt and securities (of both public and private sector undertakings) including Bonds, Debentures, Notes, Strips etc. (Including but not limited to
fixed or floating coupon bearing and zero coupon securities).
• Fixed/Floating rate money market instruments permitted by SEBI, in the call money market or in alternative investments for the call money market as may
be provided by RBI to meet the liquidity requirements.
• Certificate of Deposits
• Commercial Paper
• The non-convertible part of convertible securities.
• Pass through, Pay through or other Participation Certificates representing interest in a pool of assets including receivables.
• Any other like instruments as may be permitted by SEBI from time to time.

C. WHAT ARE THE INVESTMENT STRATEGIES?

The Scheme will invest primarily in equity / equity related instruments. The scheme may also invest in debt instruments such as non convertible portion of
Convertible Debentures (Khokas), Non Convertible Debentures, Securitized Debt, Secured Premium Notes, Zero Interest Bonds, Deep Discount Bonds,
Floating Rate Bonds / Notes, Government securities and Money Market Instrument like Repos, Commercial Paper, Certificate of Deposit, Treasury Bills, etc.

The funds collected under the scheme shall be invested in equities, cumulative convertible preference shares and fully convertible debentures and bonds of
companies. Investment may also be made in partly convertible issues of debentures and bonds including those issued on rights basis subject to the condition
that, as far as possible, the non-convertible portion of the debentures so acquired or subscribed, shall be disinvested within a period of twelve months.

Pending deployment of funds of a scheme in terms of investment objectives of the scheme, a mutual fund may invest them in short term deposits of schedule
commercial banks, subject to such Guidelines as may be specified by the Board..

The Scheme will emphasize well managed, high quality companies with above average growth prospects that can be purchased at a reasonable price. Typically
these companies will be highly competitive, with a large and growing market share. In selecting specific stocks, the Asset Management Company will consider
and evaluate amongst various criteria network, consistent growth, strong cash flows, high return on capital etc.

Investment in fixed income securities (wherever possible) will be mainly in investment grade listed / unlisted securities. In case of investment in debt instruments
that are not rated, specific approval of the Board of AMC and Trustee Company will be taken.

Investment in Equities

Mix of top down and bottom up approach will be used to invest in equity and equity related instruments. Sectors where the scheme may invest will be identified
based on the Fund Management Team’s analysis of business cycles, regulatory reforms, competitive advantage, future outlook etc. Selective stock picking will

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be done from these sectors. The Stock selection will be based on the fundamentals of the business, the industry structure, the quality of management, corporate
governance trends, sensitivity to economic factors, the financial strength of the company and the key earnings drivers.

Since investing requires disciplined risk management, the AMC would incorporate adequate safeguards for controlling risks in the portfolio construction
process. Risk will also be reduced through adequate diversification of the portfolio.

Investment in Debt Securities

Interest rates are volatile with no clear direction of upward or downward movement in yield. Investment pattern will be flexible for the fund manager to shuffle
between short term floating rate papers, money market instruments and long term floating rate papers, depending on the liquidity of the paper, spreads between
different maturity segments and taking into consideration all other factors effecting bond market. The Scheme would invest in companies based on various
criteria including sound professional management, track record, industry scenario, growth prospectus, liquidity of the securities, etc. The Scheme will emphasise
on well managed, good quality companies with above average growth prospectus whose securities can be purchased at a good yield and whose debt securities
are concerned investments (wherever possible) will be mainly in securities listed as investments grade by a recognised authority like The Credit Rating and
Information Services of India Limited (CRISIL), ICRA Limited (formerly, Investment Information and Credit Rating Agency of India Limited), Credit Analysis
and Research Limited (CARE) etc. In case of investments in
debt instruments that are not rated, specific approval of the Board will be taken except in case of Government Securities being sovereign bonds.

However, in case of investment in unrated securities prior board approval is not necessary if investment is within the parameters as stipulated by the board.

Trading in Derivatives by the Scheme

Subject to SEBI (Mutual Fund) Regulations, 1996, the Scheme(s) may use techniques and instruments such as trading in derivative instruments to hedge the
risk of fluctuations in the value of the investment portfolio. In accordance with the guidelines issued by the SEBI, exposure to derivative instruments will be
restricted to the limit as specified in the para on asset allocation pattern of the scheme.
A derivative is an instrument whose value is derived from the value of one or more of the underlying assets which can be commodities, precious metals, bonds,
currency, etc. Common examples of Derivative instruments are Interest Rate Swaps, Forward Rate Agreements, Futures, Options, etc.
The Scheme may use techniques and instruments such as trading in derivative instruments to hedge the risk of fluctuations in the value of the investment
portfolio. A derivative is an instrument whose value is derived from the value of one or more of the underlying assets which can be commodities, precious
metals, bonds, currency, etc. Common examples of Derivative instruments are Interest Rate Swaps, Forward Rate Agreements, Futures, Options, etc. The
Scheme may purchase call and put options in securities in which it invests and on securities indices based on securities in which the scheme invests. Through
the purchase and sale of futures contracts and purchase of related options on those contracts the Scheme would seek to hedge against a decline in securities
owned by the Scheme or an increase in the prices of securities which the Scheme plans to purchase. The Scheme would sell futures contracts on securities
indices in anticipation of a fall in stock prices, to offset a decline in the value of its equity portfolio. When this type of hedging is successful, the futures contract
increase in value while the Scheme’s investment portfolio declines in value and thereby keep the Scheme’s net asset value from declining as much as it otherwise
would. Similarly, when the Fund is not fully invested,and an increase in the price of equities is expected, the Scheme would purchase futures contracts to gain
rapid market exposure that may partially or entirely offset increase in the cost of the equity securities it intends to purchase.
Example: Please note that below mentioned examples are purely for illustration purpose only and actual exposure may vary to a greater extend in
line with the regulatory directives.

Subject to SEBI (Mutual Fund) Regulations, 1996, The Scheme may invest in Derivative Instruments to the extent permitted under provision 7.5 of SEBI
Master Circular on Mutual Funds dated May 19, 2023, provision 12.25 of SEBI Master Circular on Mutual Funds dated May 19, 2023

The cumulative gross exposure through equity, debt and derivative positions should not exceed 100% of the net assets of the scheme.

For other option contracts, the total exposure related to option premium paid will not exceed 20% of the net assets of the scheme. Cash or cash equivalents with
residual maturity of less than 91 days may be treated as not creating any exposure.

Exposure due to hedging positions shall not be included in the above mentioned limits subject to the following:

1. Hedging positions are the derivatives positions that reduce possible losses on an existing position in securities and till existing position remains.

2. Exposure due to derivative positions taken for hedging purposes in excess of the underlying position against which the hedging position has been
taken, shall have to be added and treated under the limits mentioned above.

3. Any derivative instrument used to hedge has the same underlying security as the existing position being hedged.

4. The quantity of underlying associated with the derivative position taken for hedging purposes does not exceed the quantity of the existing position
against which hedge has been taken.

Mutual funds are allowed to hedge the portfolio or part of the portfolio (including one or more securities) on weighted average modified duration basis by using
10
Interest Rate Futures (IRFs). The maximum extent of short position that may be taken in IRFs to hedge interest rate risk of the portfolio or part of the portfolio,
is as per the formula given below:

(Portfolio Modified Duration*Market Value of the Portfolio)

------------------------------------------------------------------------------
(Futures Modified Duration*Futures Price/PAR)

The Mutual Fund may enter into plain vanilla interest rate swaps for hedging purposes. The counter party in such transactions shall be an entity recognized as
a market maker by RBI. Further, the value of the notional principal in such cases shall not exceed the value of respective existing assets being hedged by the
scheme. Exposure to a single counterparty in such transactions shall not exceed 10% of the net assets of the scheme.
Definition of Exposure in case of Derivative Positions
Each position taken in derivatives shall have an associated exposure as defined under. Exposure is the maximum possible loss that may occur on a position.
However, certain derivative positions may theoretically have unlimited possible loss. Exposure in derivative positions shall be computed as follows:

Position Exposure
Long Future Futures Price*Lot Size*Number of Contracts
Short Future Futures Price*Lot Size* Number of Contracts
Option Bought Option Premium Paid*Lot Size* Number of Contracts.

Position Limits for Mutual Fund and its scheme

Position limit for Index Options and Index Futures contracts

On a particular underlying index Rs.500 Crore or 15% of the total open interest of the market in equity Index
Index Options Contract* options contracts, whichever is higher.

On a particular underlying index Rs.500 Crore or 15% of the total open interest of the market in equity Index
Index Futures Contract** futures contracts, whichever is higher.

* This limit would be applicable on open positions in all options contracts on a particular underlying index.
** This limit would be applicable on open positions in all futures contracts on a particular underlying index.

Additional position limit for hedging

Short positions in index derivatives (short futures, short calls and long puts) shall not exceed (in notional
In addition to the position limits as value) the Mutual Fund’s holding of stocks.
mentioned above, Mutual Funds may take
exposure in equity index derivatives Long positions in index derivatives (long futures, long calls and short puts) shall not exceed (in notional
subject to the following limits: value) the Mutual Fund’s holding of cash, government securities, T-Bills and similar instruments.

Position limit for Stock Options and Stock Futures contracts

The combined futures and options position limit shall be 20% of the applicable Market Wide Position Limit (MWPL).
This limit would be applicable on aggregate open positions in all futures and all option contracts on a particular underlying stock.

Position limit for each scheme of a Mutual Fund

The scheme-wise position limit requirements shall be:

1. For stock option and stock futures contracts, the gross open position across all derivative contracts on a particular underlying stock of a scheme of a
mutual fund shall not exceed the higher of:

• 1% of the free float market capitalization (in terms of number of shares). Or

• 5% of the open interest in the derivative contracts on a particular underlying stock (in terms of number of contracts)
2. This position limits shall be applicable on the combined position in all derivative contracts on an underlying stock at a Stock Exchange.
3. For index based contracts, Mutual Funds shall disclose the total open interest held by its scheme or all schemes put together in a particular underlying
index, if such open interest equals to or exceeds 15% of the open interest of all derivative contracts on that underlying index.

Position Limits for Interest Rate Future Contracts:

Scheme Level: The gross open positions across all contracts shall not exceed 3 % of the total open interest or INR 200 crores- whichever is higher.
Mutual Fund: The gross open positions across all contracts shall not exceed 10 % of the total open interest or INR 600 crores- whichever is higher.

11
Derivative Instruments & Related Examples:

Futures:

A futures contract is an agreement between the buyer and the seller for the purchase and sale of a particular asset at a specific price on a specific future date.
The price at which the underlying asset would change hands in the future is agreed upon at the time of entering into the contract. The actual purchase or sale of
the underlying asset involving payment of cash and delivery of the instrument does not take place until the contracted date of delivery. A futures contract
involves an obligation on both the parties to fulfill the terms of the contract. Currently, futures contracts have a maximum expiration cycle of 3-months. A
futures contract on the stock market index gives its owner the right and obligation to buy or sell the portfolio of stocks characterized by the index. Stock index
futures are cash settled; there is no delivery of the underlying stocks.

Example:

Index Future
Assume, 1-month Nifty Future price on day 1: 10110
Scheme Buys 100 Future Contracts
(1 lot =Nominal Value equivalent to 75 units of the underlying index)
Scenario 1
On the date of Settlement, the future price (closing spot price of the index) 10200
Profit for the scheme (10200-10110) *100*75 675000
Scenario 2
On the date of Settlement, the future price (closing spot price of the index) 10050
Loss for the scheme (10050-10110) *100*75 -450000

Risks associated with Future Contracts: Investments in index futures face the same risk as the investments in a portfolio of shares representing an index. The
extent of loss is the same as in the underlying stocks. The risk of loss in trading futures contracts can be substantial, because of the low margin deposits required,
the extremely high degree of leverage involved in futures pricing and the potential high volatility of the futures markets. Additional risks could be on account
of illiquidity and potential mispricing of the futures.

Options:

An option gives a person the right but not an obligation to buy or sell something. An option is a contract between two parties wherein the buyer receives a
privilege for which he pays a fee (premium) and the seller accepts an obligation for which he receives a fee. The premium is the price negotiated and set when
the option is bought or sold. A person who buys an option is said to be long in the option. A person who sells (or writes) an option is said to be short in the
option.

Example:

Call Option
Say, Scheme buys 1 lot of Nifty Index 75 Units
Spot price 10000
Strike price 10100
Premium 100
Total amount paid as premium (Rs.) (100X75) Rs.7500
Scenario 1: The Nifty Index goes up (i.e Nifty Spot) 10250
Scheme has reversed the position before expiry of the contract
Current Premium at the time of reversal 200
Net Gain Rs. (200-100) 100
Total gain on 1 lot of Nifty (75 units) Rs.(75x100) Rs.7500
Scheme has reversed the position ( i.e Nifty Option) at expiry
Nifty Spot on expiry 10275
Premium Paid(Rs.) 100
Exercise price 10100
Receivables on Exercise (10275-10100) 175
12
 Total gain (Rs.) (175 -100) *75 Rs.5625
Scenario 2: The Nifty index moves to the level below 10100
Scheme does not gain anything but the loss to the scheme (limited to the actual premium paid) Rs. 7500

Put Option
Say, Scheme buys 1 lot of Nifty Index 75 Units
Spot Price 10000
Strike Price 9450
Premium 50
Total Amount Paid by the Scheme (75*50) 3750
Scenario 1: Nifty Index goes down
Scheme has reversed the position before expiry of the contract
Nifty Spot 9300
Current Premium at the time of reversal 80
Premium Paid (Rs.) 50
Net Gain (Rs.80-50) 30
Total Gain on 1 lot of Nifty (Rs.) (75x30) Rs.2250
Scheme has reversed the position at expiry
Nifty Spot 9375
Premium Paid (Rs.) 50
Exercise Price 9450
Gain on Exercise 75
Total Gain Rs.(75-50)*75) Rs.1875
Scenario 2: If Nifty Index Stays over the Strike price of 9450
Say Nifty Spot 9500
Net Loss to the Scheme will be premium paid Rs.3750

Risks associated with Option Contracts: The option contracts give a person the right but not an obligation to buy or sell. The risk is potential mispricing and
exposure to options can limit the profits from a genuine investment transaction.

Various Derivatives Strategies:

1. Index / Stock spot - Index / Stock Futures

The pricing of the futures is derived from underlying Index spot or the underlying stock. It is the cost of carry that binds the value of the futures to the underlying
portfolio. When the two go out of sync, there are opportunities.

The cost of carry links the futures price to the price of the underlying asset. The price of the futures at any given instance should typically be more than the
level of the spot price at that point. Theoretically, the fair value of the futures is equal to the spot price of the underlying plus the cost of carry i.e. the interest
rate prevailing for an equivalent credit risk. Cash and carry trades at times provide higher than the prevailing interest rates. There is an opportunity to exploit
by selling the overpriced futures and buying the underlying portfolio. It may also happen that the Index / Stock Future may be at a discount. In such cases, the
Scheme may buy the future and sell the stock after borrowing the same. The Scheme shall enter into a combination of these transactions simultaneously.

If the Scheme has to unwind the positions prior to the expiry on account of redemptions or any other reason, the returns would depend on the spread between
the spot and futures price at which the position is unwound. If the price differential between the spot and futures position of the subsequent month maturity is
attractive near the expiry date, then the scheme may rollover the futures position and continue with the position in the spot market. The Scheme shall endeavour
to deploy its assets through transactions in the above pattern, which may involve Index Futures with Stock Futures or Futures of the same stock with different
expiry months.

2. Cash Futures Arbitrage Strategy

The fund would look for market opportunities between the spot and the futures market. The cash futures arbitrage strategy can be employed when the price of
the futures exceeds the price of the underlying stock. The fund would first buy the stocks in cash market and then sell in the futures market to lock the spread.
13
Buying the stock in cash market and selling the futures results in a hedge where the fund portfolio has locked in a spread and is not affected by the price
movements in the spot and futures markets. The arbitrage position can be continued till expiry of the futures contracts. The futures contracts are settled based
on the last half an hour’s weighted average trade of the cash market. There is a convergence between the cash market and the futures market on expiry and this
convergence results in the portfolio being able to generate the arbitrage return locked in earlier. However, the position may even be closed earlier in the event
of the price differential being realized before expiry or better opportunities being available in other stocks / indexes. The strategy is attractive if this price
differential (post all costs) is higher than the investor’s cost-of capital.

Illustration of a Cash Futures Arbitrage Strategy: -

Buy 100 shares of Company X at Rs 1000 and sell the same quantity of stock’s futures of the Company X at Rs 1100.

1. Market goes up and the price on the expiry day is Rs 2000.

At the end of the month (expiry day) the futures expires automatically:

Settlement price of futures = closing spot price = Rs 2000

Gain on stock is 100*(2000-1000) = Rs 100,000

Loss on futures is 100*(1100-2000) = Rs – 90,000

Net gain is 100,000 – 90,000 = Rs 10,000

2. Market goes down and the price on the expiry day is Rs 500.

At the end of the month (expiry day) the futures expires automatically:

Settlement price of futures = closing spot price = Rs 500

Loss on stock is 100*(500-1000) = Rs – 50,000

Gain on futures is 100*(1100-500) = Rs 60,000

Net gain is 60,000 – 50,000 = Rs 10,000

Unwinding the position:

Buy 100 shares of Company X at Rs 1000 and sell the same quantity of stock’s futures of the Company X at Rs 1100.

The market goes up and at some point of time during the month (before expiry) the stock trades at Rs 1200 and the futures trades at Rs 1190 then

Fund Manager will unwind the position:

Buy back the futures at Rs 1190: loss incurred is (1100- 1190)*100 = Rs – 9,000

Sell the stock at Rs 1200: gain realized: (1200-1000)*100 = Rs 20,000

Net gain is 20,000 – 9,000 = Rs 11,000

Rolling over the futures:

The Scheme may continue to stay invested in the stock in the Cash market. Close to expiry, if the stock’s price is at Rs 1500 then the stock’s futures is close to
Rs 1500 as well. Also if the price of the current month stock futures is below the current price of the next month stock futures, the scheme may roll over the
futures position to the next expiry:

The price of the stock futures next month contract is at Rs 1510

The price of the stock futures current month contract is at Rs 1500

Then sell the futures next month contract at Rs 1510 and buy back current month futures contract at Rs 1500 = gain of 100*(1510-1500) = Rs 9,000 and the
arbitrage position is rolled over.

Interest Rate Swaps (IRS): An Interest Rate Swap is an agreement whereby two parties agree to exchange periodic interest payments. The amount of interest
payments exchanged is based on some predetermined principal, called notional principal amount. The amount each counterparty pays to the other upon periodic
interest rate multiplied by the notional principal amount. The only amount that is exchanged between the parties is the interest payment, not the notional
principal amount.
Example: Use of IRS
The Plans of the fund are reasonably invested, and the view of the fund manager is interest rates are expected to move up due to certain negative events which
have occurred. In such cases the plans can enter into a paid position (IRS) where the plans will pay a fixed rate for a specified maturity and receive the floating
rate of interest. This is illustrated below:
Example A: Use of IRS
Assuming the Scheme is having 10% of the portfolio in cash. The fund manager has a view that the interest rate scenario is bearish and call rates are likely to
spurt over the next three months. The fund manager would therefore prefer to pay fixed rate of return on his cash, which he is lending in the overnight call
market. In other words, he would like to move to a 91 days floating interest rate from overnight fixed rate.

14
1. Say Notional Amount: Rs. 2 crores
2. Benchmark: NSE MIBOR
3. Tenor: 91 Days
4. Fixed Rate: 9.90%
5. At the end of 91 days;
6. The Scheme pays: fixed rates for 91 days is 9.90%
7. TMF receives: compounded call rate at 10.25% for 91 days.
In practice, however the difference of the two amounts is settled. Here the Scheme receives Rs. 2,00,00,000 x 0.35% x91 / 365 = 17,452. The players in IRS
are scheduled commercial banks, primary dealers, corporate, mutual funds and All India Financial Institutions.
In view of the fund manager interest rates are expected to move down due to certain positive events which have occurred. In such cases the scheme can enter
into a received position (IRS) where the scheme will receive a fixed rate for a specified maturity and pay the floating rate of interest. This is illustrated below:
Example B: Use of IRS
Assuming the Scheme is having 10% of the portfolio in cash. The fund manager has a view that the interest rate scenario is soft and call rates are unlikely to
spurt over the next three months. The fund manager would therefore prefer to receive a higher rate of return on his cash, which he is lending in the overnight
call market. In other words, he would like to move to a 91 days fixed interest rate from overnight floating rate.
1. Say Notional Amount: Rs. 2 crores
2. Benchmark: NSE MIBOR
3. Tenor: 91 Days
4. Fixed Rate: 10.25%
5. At the end of 91 days;
6. The Scheme pays: compounded call rates for 91 days is 9.90%
7. TMF receives: Fixed rate at 10.25% for 91 days.
In practice, however the difference of the two amounts is settled. Here the Scheme receives Rs. 2,00,00,000 x 0.35% x91 / 365 = 17,452. The players in IRS
are scheduled commercial banks, primary dealers, corporate, mutual funds and All India Financial Institutions.

Risks associated with Swaps:

Interest rate risk is significant because interest rates do not always move as expected. Both parties have interest rate risk. The holder of the fixed rate risks
the floating interest rate going higher, thereby losing interest that it would have otherwise received. The holder of the floating rate risks interest rates going
lower, which results in a loss of cash flow since the fixed rate holder still has to make streams of payments to the counterparty.

The other main risk associated with swaps is counterparty risk. This is the risk that the counterparty to a swap will default and be unable to meet its obligations
under the terms of the swap agreement. If the holder of the floating rate is unable to make payments under the swap agreement, the holder of the fixed
rate has credit exposure to changes in the interest rate agreement. This is the risk the holder of the fixed rate was seeking to avoid.

Forward Rate Agreements (FRA):

This is an agreement between two counterparties to pay or to receive the difference between an agreed fixed rate (the FRA rate) and the interest rate prevailing
on a stipulated future date based on the notional amount, for an agreed period. In short, in a FRA, interest rate is fixed now for a future period.
This is illustrated below:
Assume that on October 1, 2023, the 30-day commercial paper (CP) rate is 7.75% and the Scheme has an investment in a CP of face value Rs. 50 crores, which
is going to mature on October 31 , 2023. If the interest rates are likely to remain stable or decline after October 31 , 2023, and if the fund manager, who wants
to re-deploy the maturity proceeds for 1 more month, does not want to take the risk of interest rates going down, he can then enter into a following forward rate
agreement (FRA) say as on October 31 , 2023:
He can receive 1 X 2 FRA on October 31 , 2023 at 7.75% (FRA rate for 1-month lending in 2 months’ time) on the notional amount of Rs.50 crores, with a
reference rate of 30 day CP benchmark. If the CP benchmark on the settlement date i.e. October 31 , 2023 falls to 7.50%, then the Scheme receives the difference
7.75 - 7.50 i.e. 25 basis points on the notional amount Rs. 50 crores for 1 month. The maturity proceeds are then reinvested at say 7.50% (close to the benchmark).
The scheme, however, would have locked in the rate prevailing on October 31 , 2023 (7.75%) as it would have received 25 basis points more as settlement
amount from FRA. Thus, the fund manager can use FRA to mitigate the reinvestment risk.
In this example, if the rates move up by 25 basis points to 8% on the settlement date (October 31 , 2023), the Scheme loses 25 basis points but since the
reinvestment will then happen at 8%, effective returns for the Scheme is unchanged at 7.75%, which is the prevailing rate on April 30, 2023.
Risks associated with Forward Rate Contracts:

15
When entering into an FRA, both parties to the contract entail credit risk exposure. The additional risks could be on account of lack of opportunity, illiquidity.

Interest Rate Future (IRF)

An interest rate future is a contract (future contract) with an interest-bearing instrument as the underlying asset. Interest rate futures are used when there is an
expectation of interest rate movement in adverse direction.
For example, if fund manager expects rise in interest rate. He may sell interest rate future today. If interest rates rise in the future, the value of the future will
fall (as it is linked to the underlying asset, bond prices), and hence a profit can be made when closing out of the future (i.e. buying the future). However, in
case interest rate falls, loss may be incurred on IRF position.
Illustration of Use of IRF (For Hedging)
A – Perfect Hedge
1) Assume a portfolio has 100 crores of Government security 7.59% GOI 2026 with face value Rs. 100/. The bond is currently trading in market at
105.00.

2) The futures on 7.59% GOI 2026, expiring on 26th October 2023 is trading on exchange at 105.10.

3) Instead of exiting the cash position, the fund manager can decide to hedge the position by selling the same quantity in futures. Since one contract of
IRF has a notional of 2 lacs, in this example the fund manager sells 100 crs/2 lakhs = 5000 contracts, to hedge long position.

4) At maturity, the settlement price of the futures will be almost same as closing price of the underlying security.

At maturity of the Interest Rate Futures

Case 1: At expiry Bonds close higher than the price at which fund manager hedged the position, but below the futures price at which he hedged
Closing price of Bonds on day of maturity of futures = 105.05
Settlement price of futures = 105.05
MTM gain on the underlying bond = (105.05-105.00) * 100 crs / 100 (i.e. face value of bond) = Rs. 5,00,000
The profit on the futures leg is = 5000*2lacs *(105.10-105.05)/ 100 (i.e. face value of bond) = Rs 5,00,000
Overall profit to the fund = Rs 10,00,000
Case 2: At maturity bonds close higher than the level at which futures were sold
In case, the closing price of bonds on the day of maturity of futures = 105.20,
Settlement price of futures = 105.20
The MTM gain on underlying bond = (105.20-105.00) * 100 crs /100 (i.e. face value of bond) = Rs. 20,00,000
Loss on futures leg is = 5000*2 lacs * (105.10-105.20) /100 (i.e. face value of bond) = - Rs 10,00,000
Total Profit to the fund = Rs 10,00,000
As can be seen above, by selling the future contract instead of the underlying, the fund manager has locked in the Rs. 10, 00,000 profit and at the same
time cash holding position will be hedged against the adverse market movements.

The scheme will have a maximum derivative net position of 50% of the net assets of the scheme. The limits on equity derivatives exposure per scrip / instrument
and derivative positions are given below:
Sr. No. Derivative Action Description Limit
1 Index Futures Buy Buy futures against cash to protect against rising To the extent of cash / equivalents in the
market portfolio. Max limit (50%) of portfolio
2 Index Futures Sell Hedging of portfolio against expected market down Up to (100%) of equity portion of the scheme or
turn (50%) of the net assets of the scheme whichever
is lower

3 Index Futures – Call Buy Buy index calls against cash (existing / expected to To the extent of cash/equivalents in the portfolio.
protect against rising market Max. limit (50%) of portfolio
4 Index Options – Call Sell Covered Call Sale-against existing portfolio Up to (100%) of equity portion of the scheme or
(50%) of the net assets of the scheme whichever
is lower
5 Index Options – Put Buy Buy index puts to hedge existing portfolio Up to (100%) of equity portion of the scheme or
(50%) of the net assets of the scheme whichever
is lower
6 Index Options – Put Sell Covered Put Sale-Possible top sell index puts against To the extent of cash/equivalents in the portfolio.
existing / expected cash Max. limit (50%) of portfolio;

16
 Sr. No. Derivative Action Description Limit
7 Stock Futures Buy Buy against cash to protect against rising share prices To the extent of cash/equivalents in the portfolio.
Max. limit (50%) of portfolio; per scrip limit
(10%) of the net asset of the scheme
8 Stock Futures Sell Sell against existing stock – Hedging against To the extent of the particular scrip holding in the
downside on existing stock in the face of expected portfolio; Max. limit (50%) of portfolio; per scrip
volatility in the price limit (100%) of the holding
9 Stock Options – Call Buy Buy against cash to protect against rising share prices To the extent of cash/equivalents in the portfolio.
Max. limit (50%) of portfolio; per scrip limit
(10%)
10 Stock Options – Call Sell Sell against existing stock To the extent of the particular scrip holding in the
portfolio; Max. limit 50% of portfolio; per scrip
limit (100%) of the holding
11 Stock Options – Put Buy Purchase against existing stock. Hedging against To the extent of the particular scrip holding in the
downside on existing stock in the face of expected portfolio; Max. limit (50%) of portfolio; per scrip
volatility in the stock price limit (100%) of the holding
12 Stock Options – Put Sell Covered Put Sale against cash To the extent of cash/equivalents in the portfolio.
Max. limit (50%) of portfolio; per scrip limit
(10%) of the net assets of the scheme

Note: The per scrip limit disclosed above is as a % of the holding in the scrip and not as a % of the portfolio of the Scheme.

For detailed risk associated with use of derivatives, please refer paragraph “Scheme Specific risk factors”.

For detailed derivative strategies, please refer to SAI.

Portfolio Turnover Policy

“Portfolio Turnover” is the term used by any Mutual Fund for measuring the amount of trading that occurs in a Fund’s portfolio during the given period of
time. As the scheme is an open ended equity scheme, it is expected that there would be a number of subscriptions and repurchase on a daily basis. Consequently,
it is difficult to estimate with any reasonable measure of accuracy, the likely turnover in the portfolio. However, a high turnover would not significantly affect
the brokerage and transaction costs. The Fund will endeavor to balance the increased cost on account of higher portfolio turnover with the benefits derived
thereof. A high portfolio turnover rate is not necessarily a drag on portfolio performance and may be representative of arbitrate opportunities that exist for
scrips/securities held in the portfolio rather than an indication of a change in Fund view on a scrip, etc.

D. HOW WILL THE SCHEME BENCHMARK ITS PERFORMANCE?

Benchmark (Total Returns Index):

NIFTY 500 TRI

Considering the focus of the scheme in for long term growth, Nifty 500 would be an ideal benchmark for the scheme and is most suitable for performance
composition. Total Return variant of the index(TRI) of Nifty 500 Index will be used for performance comparison. Wherever TRI data is not available since
inception of the scheme, benchmark performance will be calculated using composite CAGR of the benchmark index.

The Trustees may change the benchmark in future if a benchmark better suited to the investment objective of the Scheme is available.

17
 E. WHO MANAGES THE SCHEME?

Name Age Qualification Total Experience (in Other Schemes Under Experience (Assignments held during last 10
years) His Management years)

Tejas Laxmichand Gutka 43 B.Sc, MMS 19 Tata Multicap Fund Mr.Tejas Laxmichand is Fund Manager. He is
(Co-Fund Manager) with Tata Asset Management Pvt Ltd. Since
(Managing since March 2021. Reports to Chief Investment Officer
09/03/2021) Tata Housing – Equities.
Opportunities Fund
From May 2006 to December 2008 with Care
Ratings as Manager.
From January 2009 to August 2015 with
Barclays Securities India Pvt Ltd as AVP.
From September 2015 to November 2019 with
Barclays Securities India Pvt Ltd as AVP.
Earlier Tejas was Heading the Portfolio
management services in PMS Department with
Tata Asset Management Pvt Ltd. Since
December 2019.
B.Com, MBA Tata Multi Asset
Sailesh Jain 46 (Finance) from 23 Opportunities Fund Mr. Sailesh Jain is Fund Manager. He is with
Queensland Tata Equity Savings Tata Asset Management Pvt Ltd. since
(Managing since November 2018. Reports to Chief Investment
16/12/2021) Fund
University of Tata Quant Fund Officer-Equities.
Technology Tata Dividend Yield
Queensland, From April 2016 to October 2018 with IDFC
Fund Securities Ltd as Head Derivatives – Institutional
Australia.
sales. Reporting to Managing Director and Chief
Executive Officer.
From January 2010 to April 2016 with Quant
Broking Pvt Ltd as Vice President – Institutional
Sales – Derivatives and cash. Reporting to Chief
Executive Officer and Managing Director.
From June 2008 to December 2009 with IIFL
(India Infoline) as Vice President – Institutional
Sales -Head Equity Derivatives. Reporting to
Head Institutional Sales.

18
 F. HOW IS THE SCHEME DIFFERENT FROM EXISTING SCHEMES OF THE MUTUAL FUND?
Tata ELSS Tax Saver Fund aims to provide medium to long term capital gains along with income tax relief to its Unitholders, while at all times emphasising
the importance of capital appreciation.

Below mentioned is the comparison of this fund with other existing schemes (Equity Category) of Tata Mutual Fund:
Comparison with existing scheme:

No. of Folios AUM

Sr.
Scheme Name Asset Allocation Pattern Primary Investment Focus As on (Rs. Crore) As
No
31.05.2024 on 31.05.2024

Primary investment focus on equity and

65% to 100% investment in Equity equity related securities of well researched
Tata Mid Cap and equity related instruments and up growth oriented mid cap stocks.
1 240715
Growth Fund to 35% in debt and money market 3,816.57
instruments. At present we do not have other similar
scheme.
Primary focus on investing in equity and
equity related instruments of Large- Large
Cap Equity -35% to 65%,Mid Cap Equity -
Large Cap Equity -35% to 65%,Mid
Tata Large & Mid 35% to 65%,Other Equity/Securities-0% to
2 Cap Equity -35% to 65%,Other 396495
Cap Fund 30% 7,289.62
Equity/Securities-0% to 30%.
At present we do not have other similar
scheme.

Primarily at least 70% of the net assets would

70% to 100% investment in Equity
be invested in equity shares whose rolling P/E
and Equity related – Companies
ratio on past four quarter earnings for
whose rolling P/E at the time of
Tata Equity P/E individual companies is less than rolling P/E
3 investment is lower than the rolling 225325
Fund of the S& P BSE SENSEX stocks. 7,904.53
P/E of the S&P BSE SENSEX up to
30% in other equities and up to 30%
At present we do not have other similar
in debt instruments.
scheme.

4
80% to 100% investment in equity & Primarily investment in equity and equity
equity related instruments of large cap related instruments of large market cap
Tata Large Cap companies, 0% to 20% in other equity companies.
124100
Fund including overseas securities, & 0- 2,162.43
20% investment in Debt and Money At present we do not have other similar
Market instruments. scheme.

The scheme will predominantly invest in

65%-100% in Equity & Equity related
equity or equity related instrument of small
instrument of small cap companies,0-
cap companies. The scheme can also invest
35% in equity & equity related
Tata Small Cap some portion in other than small cap
5 instrument of other than small cap 922511
Fund companies. 7,081.76
companies or debt or money market
instrument or Units of REITS and
At present we do not have other similar
InvITS.
scheme.

The scheme aims to generate long term

65% to 100% investment in Equity capital appreciation by predominantly
and equity related instruments investing in a concentrated portfolio of equity
Tata Focused Equity Subject to overall limit of 30 & equity related instruments of maximum
6 78014
Fund stocks across market capitalisation 30 stocks across market capitalisation. 1,672.47
and up to 35% in debt and money
market instrument At present we do not have other similar
scheme
 Primarily investing in a diversified portfolio
consisting of equity and equity related
instruments across market capitalization. The
65% to 100% investment in Equity scheme is an open-ended dynamic equity
7 Tata Flexi Cap Fund and equity related instruments and up scheme investing across large cap, mid cap, 148764
2,731.85
to 35% in debt instruments. small cap stocks.

At present we do not have other similar

scheme.

Predominantly investing in dividend yielding

stocks .The investment objective is to provide
65% to 100 % investment in Equity
capital appreciation and/or dividend
and equity related instruments of
distribution by predominantly investing in a
Dividend Yielding Companies and
Tata Dividend Yield well-diversified portfolio of equity and equity
8 upto 0-35% in other equity 34906 924.90
Fund related instruments of dividend yielding
instruments of other companies, debt
companies.
& money market instruments & 0-
10% in REITs & InvITS.
At present we do not have other similar
scheme.

75% to 100% investment in Equity

and equity related instruments as
follows: 25% to 50% investment in
large cap companies, 25% to 50%
investment in mid cap companies & An open-ended equity scheme investing
25% to 50% investment in small cap across large cap, mid cap, small cap stocks.
9 Tata Multicap Fund companies, 0-25% in Debt & Money 174322
2,913.94
market instruments (including Fixed At present we do not have other similar
Income Derivatives), 0-10% in Units scheme.
of REITs & InvITS, 0-20% in
ADR/GDR/Foreign
securities/Overseas ETFs & 0-20% in
Mutual Fund Units.

Primarily focus on investing in equity and

equity related instruments of Shariah
80% to 100% investment in equity & complaints listed, to be listed and unlisted
equity Shariah Complaint companies securities of companies and in other shariah
10 Tata Ethical Fund 111402
and 0-20% in other shariah complaint complaint instruments. 2,567.16
instruments including cash.
At present we do not have other similar
scheme.

80% to 100% investment in Equity & Primarily focus on equity / equity related
Equity related Instruments of instruments of the companies in the
Tata Infrastructure companies in the infrastructure Infrastructure sector in India.
11 143877
Fund sector. Up to 20% investment in 2,248.18
other equities and or Debt & money At present we do not have other similar
Market instruments. scheme.

80%-100% in Equity and Equity Primarily focus on equity / equity related

related instruments of companies in instruments of the companies by investing in
Tata India the consumption oriented sectors consumption oriented sectors in India.
12 95047
Consumer Fund (0% to 20% in Other Equity/Equity 1,941.44
related instruments) & 0-20% in debt At present we do not have other similar
& money market instruments. scheme.

80%-100% in Equity and Equity Primarily focus on equity / equity related

related instruments of companies in instruments of the companies by investing in
Tata Digital India the Information Technology Sector Information technology sector in India.
13 1253600
Fund (0% to 20% in Other Equity/Equity 9,218.05
related instruments) & 0-20% in debt At present we do not have other similar
& money market instruments. scheme.
 80%-100% in Equity and Equity Primarily focus on equity / equity related
related instruments of companies in instruments of the companies by investing in
Tata India Pharma the Pharma & Healthcare Sector (0% the Pharma & Healthcare Sector in India.
14 71155 899.52
& Healthcare Fund to 20% in Other Equity/Equity
related instruments) & 0-20% in debt At present we do not have other similar
& money market instruments. scheme.

80%-100% in Equity and Equity Primarily focus on equity / equity related

related instruments of companies in instruments of the companies by investing in
Tata Resources & the Resources & Energy Sectors (0% the Resources & Energy Sectors in India.
15 77465 648.23
Energy Fund to 20% in Other Equity/Equity
related instruments) & 0-20% in debt At present we do not have other similar
& money market instruments. scheme.

investing in equity and equity related

80%-100% in equity and equity
instruments selected based on a quantitative
related instruments selected based on
model (Quant Model)
16 Tata Quant Fund a quantitative model (Quant Model) 7508 57.81
& 0-20% in debt & money market
At present we do not have other similar
instruments
scheme
invests predominantly in Indian markets with
focus on riding business cycles through
80%-100% in equity and equity
dynamic allocation between various sectors
related instruments selected on the
Tata Business Cycle and stocks at different stages of business
17 basis of business cycle) & 0-20% in 103367
Fund cycles. 2,315.90
debt & money market instruments
&Gold ETF
At present we do not have other similar
scheme.
80% to 100% in Equity and equity
related instruments of entities
engaged in activities of Housing Primarily focus will be to generate long term
theme, 0 to 20% in Other Equity & capital appreciation by investing with focus
Tata Housing Equity related Instruments including on companies in housing business/theme.
18 31233 572.91
Opportunities Fund units of mutual fund,, 0 to 20% in
Debt and Money market instruments At present we do not have other similar
including units of mutual fund and 0 scheme.
to 10% in Units issued by REITs &
InvITs

80%-100% in Equity & equity related Primarily focus on equity / equity related
instruments of companies in the instruments of the companies by investing in
Tata Banking &
Banking & Financial Services Sector banking & financial Services Sector in India.
19 Financial Services 85798
(0% to 20% in Other Equity/Equity 2,048.69
Fund
related instruments) & 0-20% in debt At present we do not have other similar
& money market instruments. scheme.

For comparison between existing schemes of Tata Mutual Fund, kindly visit – https://www.tatamutualfund.com/statutory-disclosures/other-
statutory-disclosures

G. HOW HAS THE SCHEME PERFORMED

PERFORMANCE OF THE SCHEME (As on 31.05.2024)

Compounded Annualised Returns Scheme Returns % Benchmark Returns %

Returns for last 1 year 31.04 35.06
Returns for last 3 years 16.60 18.08
Returns for last 5 years 15.26 17.83
Returns since inception 18.46 14.58

Performance given for Regular Plan- Growth Option.

 Absolute Returns for the Last 5 Financial Years

Year to Year Scheme Returns Benchmark Returns

(%) (NIFTY 500 TRI) (%)

2023-24 32.65 40.49

2022-2023 -1.03 -1.22
2021-2022 20.91 22.29
2020-2021 67.23 77.58
2019-2020 -24.91 -26.62

Past Performance may or may not be sustained in future. Returns are given for Regular Plan- Income Distribution cum Withdrawal Option.

As TRI data is not available since Inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE Sensex PRI values
from date 29-Mar-1996 to date 31-May-2007 and TRI values since date 31-May-2007.

Past performance of the scheme may or may not be sustained in future.

H. ADDITIONAL SCHEME RELATED DISCLOSURES

i.Schemes Portfolios Top 10 Holdings by issuer & fund allocation towards various sectors

Functional Weblink for Top 10 Holdings by issuer: Kindly visit https://www.tatamutualfund.com/statutory-disclosures/other-statutory-disclosures.

Functional Weblink for fund allocation towards various sectors: Kindly visit https://www.tatamutualfund.com/statutory-disclosures/other-statutory-
disclosures.

ii.Disclosure of name and exposure to Top 7 issuers, stocks, groups and sectors as a percentage of NAV of the scheme in
case of debt and equity ETFs/index funds

Functional Weblink: Not applicable, as scheme is not debt and equity ETFs / index funds.
 iii.Portfolio Disclosure

Fortnightly / Monthly/ Half Yearly For portfolio disclosures of the schemes of Tata Mutual Fund in a user friendly and
downloadable format. Kindly visit functional weblink:- https://www.tatamutualfund.com/schemes-related.

iv.Portfolio Turnover Rate

Portfolio Turnover Ratio : 0.20 Times as on 31st May 2024 (for 13 months).

v.Aggregate investment in the Scheme by

Category Person Net Value Market Value

Sr No. (Concerned Scheme’s Fund Plans
Units NAV per unit (in Rs.)
Manager(s))
Tata ELSS Tax Saver Fund
1. 28639.543 44.4154
Sailesh Jain Direct Plan Growth 12,72,036.76
Tata ELSS Tax Saver Fund
2. 76275.635 44.4154
Tejas Gutka Direct Plan Growth 33,87,812.84

For any other disclosure w.r.t investments by key personnel and AMC directors including regulatory provisions in this regard kindly refer SAI.

vi.Investments of Asset Management Company in the Scheme

TAMPL (the AMC) may invest in the scheme(s)/plan(s)/fund(s), either in the initial issue or on an ongoing basis (from the secondary market), such
amount, as they deem appropriate. The AMC shall not be entitled to charge any management fees on this investment in the scheme(s) / plan(s) / fund(s).
Investments by the AMC will be in accordance with Regulation 25(17) of the SEBI (MF) Regulations, 1996.
As per the amended regulations i.e. sub-regulation 16(A) in Regulation 25 of SEBI (Mutual Funds) Regulations,1996 (‘MF Regulations’), asset
management companies (‘AMCs’) are required to invest such amount in such scheme(s) of the mutual fund, based on the risk associated with the
scheme. The AMC will comply with provision 6.9 of SEBI Master Circular on Mutual Funds dated May 19, 2023in this respect.

Functional weblink: For Investments by AMC in schemes of Tata Mutual Fund, kindly visit https://www.tatamutualfund.com/statutory-
disclosures/other-statutory-disclosures.
 Part III- OTHER DETAILS

A. COMPUTATION OF NAV

Net Asset Value (“NAV”) of the Units shall be determined daily as of the close of each Business Day on which the Bombay Stock Exchange (BSE) is open.
NAV shall be calculated in accordance with the following formula:
Market Value of Scheme’s Investments + Accrued Income + Receivables + Other Assets - Accrued Expenses - Payables - Other Liabilities
NAV= _______________________________________________________________________________________________________________Number of
Units Outstanding

The computation of Net Asset Value, valuation of Assets*, computation of applicable Net Asset Value (related price) for ongoing Sale, Redemption, Switch
and their frequency of disclosure shall be based upon a formula in accordance with the Regulations and as amended from time to time including by way of
Circulars, Press Releases, or Notifications issued by SEBI or the Government of India to regulate the activities and growth of Mutual Funds. The NAVs of the
fund shall be rounded off upto four decimals.
Due to difference in the expense ratio, the NAV of each option of Direct Plan will be different from the NAV of each option of Regular Plan. Similarly due to
payout, the NAV of IDCW Option will be different from the NAV of Growth option.

The valuation of investments shall be based on the principles of fair valuation specified in the Schedule VIII of the SEBI (Mutual Funds) Regulations, 1996
and guidelines issued by SEBI /AMFI from time to time.* Please refer Para V. of SAI on ‘Investment valuation norms for securities & other assets for details.
Each option of the scheme will have a separate NAV.
As per the Equity Linked Savings Scheme, 2005 dated 3/11/2005 While calculating the repurchase price, the Mutual Fund shall take into account the
unrealised appreciation in the value of the investment of the funds of the scheme to the extent they deem fit provided that it shall not be less than fifty per cent
of such unrealized appreciation. While calculating the repurchase price, the Funds may deduct such sums as are appropriate to meet management, selling and
other expenses including realisation of assets and such sums shall not exceed five per cent per annum of the average Net Asset Value of the scheme.

Illustration of Calculation of Sale & Repurchase Price:

Assumed NAV Rs. 11.00 per unit

Entry Load: NIL

Exit Load 1%

Sale Price = NAV + (Entry Load (%) * NAV)

Sale Price = 11 + (0% * 11)

Sale Price = 11 + 0

Sale Price = Rs. 11/-

Repurchase Price

Repurchase Price = NAV – (exit load (%) * NAV)

Repurchase Price = 11 – (1%*11)

Repurchase Price = 11 – 0.11

Repurchase Price = Rs.10.89

In the event NAV cannot be calculated and / or published, such as because of the suspension of RBI Clearing, Bank strikes, during the existence of a state of
emergency and / or a breakdown in communications, the Board of Trustees may temporarily suspend determination and / or publication of the NAV of the
Units.
Repurchase/ Resale is at Net Asset Value (NAV) related prices with repurchase/ resale loads as applicable (within limits) as specified under SEBI Regulations
1996, While determining the price of the units, the fund will ensure that the repurchase price is not lower than 95 per cent of the Net Asset Value..
For other details such as policies w.r.t computation of NAV, rounding off, investment in foreign securities, procedure in case of delay in disclosure of NAV
etc. refer to SAI.
 B. NEW FUND OFFER (NFO) EXPENSES

These expenses are incurred for the purpose of various activities related to the NFO like sales and distribution fees paid marketing and advertising, registrar
expenses, printing and stationary, bank charges etc.

Tata ELSS Tax Saver Fund was launched on 20th December, 1995. During the New Fund Offer Period i.e. from 20 th December, 1995 to 31st March, 1996 the
new fund offer expenses were 6% of the resources raised. However, being an existing scheme provision of NFO expenses are not applicable for this scheme.

C. ANNUAL SCHEME RECURRING EXPENSES

Slab wise break up depending on the assets under management:

These are the fees and expenses for operating the scheme. These expenses include Investment Management and Advisory Fee charged
by the AMC, Registrar and Transfer Agents’ fee, marketing and selling costs etc. as given in the table below:

As per provision no. 52.6.c of SEBI (Mutual Funds) Regulations, 1996 the total expense ratio of open-ended scheme shall not exceed the following
limits. The AMC has estimated that upto 2.25 % (excluding additional permissible limits as per Regulation 52(6A)(b) & 52(6A)(c)) of the daily average
net assets of the scheme will be charged to the scheme as expenses.

Total expense ratio limits Total expense ratio limits for

Assets under management Slab
for equity-oriented other than equity-oriented
(In Rs. crore)
schemes schemes
On the first Rs.500 crores of the daily net assets 2.25% 2.00%
On the next Rs.250 crores of the daily net assets 2.00% 1.75%
On the next Rs.1,250 crores of the daily net assets 1.75% 1.50%
On the next Rs.3,000 crores of the daily net assets 1.60% 1.35
On the next Rs.5,000 crores of the daily net assets 1.50% 1.25%
Total expense ratio reduction of 0.05% for every increase of
On the next Rs.40,000 crores of the daily net assets
Rs.5,000 crores of daily net assets or part thereof.
On balance of the assets 1.05% 0.80%

For the actual current expenses being charged, the investor should refer to functional Weblink: https://www.tatamutualfund.com/expense-ratio/total-
expense-ratio.

Fees & Expenses:

The maximum recurring expenses of the Scheme is estimated below:

Ref Expenses Head

% of Daily Net Assets #

Investment Management and Advisory Fees

Trustee fee
Audit fees
Custodian fees
Other Expenses
RTA Fees
Marketing & Selling expense incl. agent commission Upto 2.25%

Cost related to investor communications

Cost of fund transfer from location to location

Cost of providing account statements and income distribution, redemption

cheques and warrants
Costs of statutory Advertisements
 Cost towards investor education & awareness (at least 2 bps)
Brokerage & transaction cost over and above 12 bps and 5 bps for cash
and derivative market trades resp.
Goods & Services tax on expenses other than investment and advisory
fees
Goods & Services tax on brokerage and transaction cost

(a) Maximum total expense ratio (TER) permissible under Regulation 52 Upto 2.25%*
(6) (c)
(b) Additional expenses under regulation 52 (6A) (c) NIL

(c) Additional expenses for gross new inflows from specified cities under Upto 0.30%^
regulation 52 (6A) (b)

* Excluding Goods & Services tax on investment and advisory fees

# Note: Expenses of Direct Plan will be lower than expenses of the Regular Plan as no commission/distribution expenses will be charged in the case of
Direct Plan. All fees and expenses charged in a direct plan (in percentage terms) under various heads including the investment and advisory fee shall
not exceed the fees and expenses charged under such heads in a regular plan. NAV of the Direct Plan will be different than the NAV of Regular Plan.
All scheme related expenses including commission paid to distributors, by whatever name it may be called and in whatever manner it may be paid,
shall necessarily paid from the scheme only within the regulatory limits and not from the books of AMC, its associate, sponsor, trustees or any other
entity through any route in terms of SEBI circulars, subject to the clarifications provided by provision 10.1.7 of SEBI Master Circular on Mutual
Funds dated May 19, 2023 provision 10.1.12 of SEBI Master Circular on Mutual Funds dated May 19, 2023on Total Expense Ratio (TER) and
performance disclosure for Mutual Fund
In case of a scheme invest invests a minimum of sixty-five percent of its net assets in equity and equity related instruments, the scheme will be considered as
equity oriented scheme for the purpose of total expense ratio.
The maximum recurring expenses for the scheme shall be subject to following limits**
a) on the first Rs.500 crores of the daily net assets: 2.25%
b) on the next Rs.250 crores of the daily net assets: 2.00%
c) on the next Rs.1250 crores of the daily net assets :1.75%
d) on the next Rs.3000 crores of the daily net assets : 1.60%
e) on the next Rs.5000 crores of the daily net assets : 1.50%
f) On the next Rs. 40000 crores of the daily net assets: total expense ratio reduction of 0.05% for every increase of Rs.5000 crores of daily net assets
or part thereof.
g) on the balance of the assets : : 1.05%
**in addition to the above the scheme may charge additional limit of 0.05%( subject to applicability of exit load) specified in sub regulation (6A)(c) of
Regulation 52 of SEBI (Mutual Funds) Regulations, 1996 excluding tax on investment management & advisory fees and expenses not exceeding of 0.30
per cent of daily net assets as stated in regulation 6A(b) of SEBI ( Mutual Funds) Regulation, 1996.

^ Expenses not exceeding of 0.30 per cent of daily net assets, if the new inflows from such cities as specified by SEBI from time to time are at least:
(i) 30 per cent of gross new inflows in the scheme, or;
(ii) 15 per cent of the average assets under management (year to date) of the scheme, whichever is higher:
Provided that if inflows from such cities is less than the higher of sub-clause (i) or sub- clause (ii), such expenses on daily net assets of the scheme
shall be charged on proportionate basis:
Provided further that expenses charged under this clause shall be utilised for distribution expenses incurred for bringing inflows from such cities:
Provided further that amount incurred as expense on account of inflows from such cities shall be credited back to the scheme in case the said
inflows are redeemed within a period of one year from the date of investment.
Additional TER can be charged based on inflows only from retail investors (i.e other than corporates and institutions) from B 30 cities as defined
in the provision 10.1.3 of SEBI Master Circular on Mutual Funds dated May 19, 2023. . Inflows of amount upto Rs.200000/- per transaction,
by individual investors shall be considered as inflows from “retail investor”.
Notes:

1) Brokerage & transaction costs (including tax) which are incurred for the purpose of execution of trade may be capitalised to the extent of 12bps and 5bps
for cash market transactions and derivatives transactions respectively. GST on brokerage and transaction cost paid for execution of trades shall be within
the limit prescribed under regulation 52 of the SEBI (Mutual Funds) Regulations, 1996. Any payment towards brokerage and transaction cost, over and
 above the said 12 bps and 5bps for cash market transactions and derivatives transactions respectively may be charged to the scheme within the maximum
limit of Total Expense Ratio (TER) as prescribed under regulation 52 of the SEBI (Mutual Funds) Regulations, 1996.
2) AMC shall annually set apart atleast 2 basis point on daily net assets for investor’s education and awareness initiatives.
3) The fund shall update the current expense ratios on the website( www.tatamutualfund.com) at least three working days prior to the effective date of the
change. The exact web link for TER is https://www.tatamutualfund.com/expense-ratio as well as disclosure to be made on the website of AMFI in
downloadable spreadsheet format.

Illustration of impact of expense ratio on scheme return:

Particulars Regular Plan Direct Plan

Amount Invested (Rs) 10,000 10,000

Gross Returns-assumed 15% 15%

Closing NAV before expenses (Rs.) 11,500 11500

Expenses (Rs)

• Expenses Other than Distribution 175

175
expenses
NIL
75
• Distribution Expenses

Total NAV after charging expenses (Rs) 11,250 11,325

Net returns to investor 12.50% 13.25%

Illustration is given to understand the impact of expense ratio on a scheme return and this should not be construed as an indicative return of the scheme.

D. LOAD STRUCTURE

Load is an amount which is paid by the investor to subscribe to the units or to redeem the units from the scheme. Load amounts are variable and are subject to
change from time to time. As per provision 10.4 of SEBI Master Circular on Mutual Funds dated May 19, 2023there shall be no entry load for all Mutual
Fund schemes. Applicable Goods & Services tax on exit load, if any, shall be paid out of the exit load proceeds and exit load net of tax, if any, shall be
credited to the scheme.
The Load Structure of the Scheme is given hereunder:

Type of Load Load chargeable (as %age of NAV)

Not Applicable (Pursuant to provision no. 10.4.1.a of SEBI Master Circular on Mutual Fund
Entry Load
dated May 19, 2023, no entry load will be charged by the Scheme to the investor)
Exit Load
(for Normal & Regular Plan & Direct : Nil (Statutory Lock-in for three years)
SIP/STP Transactions)
Bonus units shall not be subject to exit load. Applicable Tax on exit load, if any, shall be paid out of the exit load proceeds and exit load net of tax, if any,
shall be credited to the scheme.
The AMC reserves the right to change/modify exit load, depending upon the circumstances prevailing at any given time. However any change in the load
structure will be applicable on prospective investment only. At the time of changing the load structure, the AMC will adopt the following measures:
• The addendum detailing the changes may be attached to Scheme Information Documents and Key Information Memorandum. The addendum may be
circulated to all the distributors/brokers so that same can be attached to all Scheme Information Documents and Key information memoranda already in
stock.
• The investor is requested to check the prevailing load structure of the scheme before investing. For any change in load structure arrangement may be
made to display the addendum in the Scheme Information Document in the form of a notice in all the investor service centers and distributor/ brokers’
office.
• The introduction of the exit load along with the details may be stamped in the acknowledgement slip issued to the investors on submission of the
application form and may also be disclosed in the statement of accounts issued after the introduction of such load.
• A public notice shall be given in respect of such changed in one English daily newspaper having nationwide circulation as well as in a newspaper publishes
in the language of region where the Head office of Mutual Fund is situated.
 Section II
I. Introduction

A. Definitions/interpretation
Functional weblink that contains detailed description: Kindly visit https://www.tatamutualfund.com/statutory-disclosures/other-statutory-
disclosures

B. Risk factors
Standard Risk Factors:
• Investment in Mutual Fund Units involves investment risks such as trading volumes, settlement risk, liquidity risk, default risk including the possible loss
of principal.
• As the price / value / interest rates of the securities in which the scheme invests fluctuates, the value of your investment in the scheme may go up or down.
• Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

• Mutual Funds and securities investments are subject to market risks and there can be no assurance and no guarantee that the Scheme will achieve its
objective.
• As with any investment in stocks, shares and securities, the NAV of the Units under this Scheme can go up or down, depending on the factors and forces
affecting the capital markets.
• Past performance of the previous Schemes, the Sponsors or its Group / Affiliates / AMC / Mutual Fund is not indicative of and does not guarantee the
future performance of the Scheme.
• Investment in equity and equity related securities including option contracts involve high degree of risks and investors should not invest in the schemes
unless they can afford to take the risk of losing their investment.
• The sponsors are not responsible or liable for any loss resulting from the operations of the scheme beyond the initial contribution of Rs. 1 lakh made by
them towards setting up of the mutual fund.
• Tata ELSS Tax Saver Fund is only the name of the Scheme and does not in any manner indicate either the quality of the Scheme, its future prospects or
the returns. Investors therefore are urged to study the terms of the Offer carefully and consult their Tax and Investment Advisor before investing in the
Scheme.
• Tata ELSS Tax Saver Fund is not guaranteed or assured return scheme.

Scheme Specific Risk Factors:

Investment Risks

The price of securities may go up or down depending on a variety of factors and hence investors may note that AMC/Fund Manager’s investment decisions
may not be always profitable. Although it is intended to generate capital appreciation and maximize the returns by actively investing in equity securities and
utilising debt and money market instruments as a defensive investment strategy. The price of securities may be affected generally by factors affecting capital
markets such as price and volume, volatility in the stock markets, interest rates, currency exchange rates, foreign investment, changes in Government and
Reserve Bank of India policy, taxation, political, economic or other developments, closure of the Stock Exchanges etc. Investors should understand that the
investment pattern indicated, in line with prevailing market conditions, is only a hypothetical example as all investments involve risk and there is no assurance
that the Fund’s investment objective will be attained or that the Fund may not be in a position to maintain the indicated percentage of investment pattern under
exceptional circumstances. There is no guarantee the investment / dis-investment decision will result into profit.

The fund may use techniques and instruments for efficient portfolio management and to attempt to hedge or reduce the risk. However these techniques and
instruments if imperfectly used have the risk of the fund incurring losses due to mismatches particularly in a volatile market. The Fund’s ability to use these
techniques may be limited by market conditions, regulatory limits and tax considerations (if any). The use of these techniques is dependent on the ability to
predict movements in the prices of securities being hedged and movements in interest rates. There exists an imperfect correlation between the hedging
instruments and the securities or market sectors being hedged. Besides, the fact that skills needed to use these instruments are different from those needed to
select the Fund’s / plan’s securities. There is a possible absence of a liquid market for any particular instrument at any particular time even though the futures
and options may be bought and sold on an organised exchange. The use of these techniques involves possible impediments to effective portfolio management
or the ability to meet repurchase / redemption requests or other short-term obligations because of the percentage of the Fund’s assets swing price to cover its
obligations.

Liquidity and Settlement Risks

The liquidity of the Scheme’s investments may be inherently restricted by trading volumes, transfer procedures and settlement periods. From time to time, the
Scheme will invest in certain securities of certain companies, industries, sectors, etc. based on certain investment parameters as adopted internally by AMC.
While at all times the AMC will endeavour that excessive holding/investment in certain securities of industries, sectors, etc. by the Scheme(s) are avoided, the
funds invested by the Scheme in certain securities of industries, sectors, etc. may acquire a substantial portion of the Scheme’s investment portfolio and
collectively may constitute a risk associated with non-diversification and thus could affect the value of investments. Reduced liquidity in the secondary market
may have an adverse impact on market price and the Scheme’s ability to dispose of particular securities, when necessary, to meet the Scheme’s liquidity needs
or in response to a specific economic event or during restructuring of the Scheme’s investment portfolio.
Regulatory Risk

The value of the securities may be affected by uncertainties such as changes in government policies, changes in taxation and other developments in the laws
and regulations.

Risk associated with Unlisted Securities

Securities which are not quoted on the stock exchanges are inherently liquid in nature and carry a larger liquidity risk in comparison with securities that are
listed on the exchanges or offer other exit options to the investors, including the put options. The liquidity and valuation of the scheme’s investments due to its
holdings of unlisted securities may be affected if they have to be sold prior to the target date of disinvestment.

Securities Lending by the Mutual Fund

The Scheme may participate in securities lending and borrowing scheme in accordance with Securities Lending Scheme, 1997, Regulation 44 (4) of SEBI
(Mutual Funds) Regulations ,1996, provision 12.11 of SEBI Master Circular on Mutual Funds dated May 19, 2023,. The Scheme shall also follow other
relevant regulations /guidelines issued by stock exchange(s) from time to time.The Scheme shall participate in Securities Borrowing and Lending only with the
SEBI approved intermediaries.

Securities Lending means the lending of securities to SEBI approved intermediaries for a tenure of 1 to 12 months at a negotiated compensation in order to
enhance returns of the scheme portfolio. The securities lent will be returned by the borrower on the expiry of the stipulated period. The AMC will adhere to the
following strict internal limits should it engage in Securities Lending.
Not more than 25% of the net assets of the Scheme can be deployed in stock lending & single intermediary limit is 5% .Collateral would always be obtained
by the approved intermediary. Collateral value would always be more than the value of the security lent. Collateral can be in form of cash, bank guarantee, and
government securities, as may be agreed upon with the approved intermediary, and would also be subject to a mark to market valuation on a daily basis.
Example:
A scheme has a security of a company which it would wish to hold for a long period of time as a core holding in the portfolio as per the fund manager’s plan.
In that case the investors would be benefited only to the extent of the rise in the value of the security, from time to time if any, on the exchange. If the scheme
is enabled to lend the said security to a borrower who would be wanting to take advantage of the market fluctuations in its price, the borrower would return the
security to the lender (fund) at a stipulated time or on demand for a negotiated compensation. The scheme’s unitholders can enhance their returns to the extent
of the compensation it will earn for lending the same. An adequate security or collateral will have to be maintained by the intermediary. This should always be
higher than the cost of the security. Thus it is in the interest of the investors that returns can be enhanced by way of stock lending rather than hold the security
only for capital appreciation potential.
Thus the scenario under which the scheme would participate in stock lending would be:
1. There is a holding of security e.g. of XYZ Ltd in the scheme which the fund manager wants to be the core holding of the fund for approximately 6 to 12
months.
2. There is a borrower (not mutual fund) for the security, (who has taken a short position in the market and needs the said security of XYZ Ltd to settle it) who
is willing to put up a proper collateral for the same. (In all cases higher than the price of the script).
3. The borrower is represented by a proper recognized intermediary.
4. The agreement is to return the security or the amount so negotiated at a particular period of time or on demand.
Then the security will be lent by the scheme and the unitholders would benefit from the additional compensation earned for lending, apart from the capital
appreciation which also happens in that stock. Thus, to summarize, stock lending would be done by the scheme only in the following circumstances:
a) If permitted by trustees and the extent SEBI regulations in that regard, from time to time.
b) If such activity generates additional returns for the scheme and helps to enhance the scheme returns.
c) If considering the above and other factors all considered in totality, such activity is in the interest of unitholders in the scheme.

Securities Lending Risks

It may be noted that this activity would have the inherent probability of collateral value drastically falling in times of strong downward market trends, rendering
the value of collateral inadequate until such time as that diminution in value is replenished by additional security. It is also possible that the borrowing party
and/or the approved intermediary may suddenly suffer severe business setback and become unable to honour its commitments. This, along with a simultaneous
fall in value of collateral would render potential loss to the Scheme. Besides, there will also be temporary illiquidity of the securities that are lent out and the
Scheme(s) will not be able to sell such lent out securities until they are returned.

Risks associated with Debt / Money Markets

Interest Rate Risk

As with debt instruments, changes in interest rate may affect the price of the debt instrument(s) and ultimately Scheme’s net asset value. Generally the prices
of instruments increase as interest rates decline and decrease as interest rates rise. Prices of long-term securities fluctuate more in response to such interest rate
changes than short-term securities. Indian debt and government securities markets can be volatile leading to the possibility of price movements up or down in
fixed income securities and thereby to possible movements in the NAV.
Credit Risk

Credit risk or Default risk refers to the risk that an issuer of a fixed income security may default (i.e. the issuer will be unable to make timely principal and
interest payments on the security). Because of this risk corporate debentures are sold at a higher yield above those offered on Government Securities which are
sovereign obligations and free of credit risk. Normally, the value of fixed income securities will fluctuate depending upon the changes in the perceived level of
credit risk as well as any actual event of default. The greater the credit risk, the greater the yield required for someone to be compensated for the increased risk.

Reinvestment Risk

This risk refers to the difference in the interest rate levels at which cash flows received from the securities in the scheme is reinvested. The additional income
from reinvestment is the “interest on interest” component. The risk is that the rate at which interim cash flows are reinvested may be lower than that originally
assumed.

Counterparty Risk

This is the risk of failure of counterparty to the transaction to deliver securities against consideration received or to pay consideration against securities delivered,
in full or in part or as per the agreed specification. There could be losses to the scheme in case of counterparty default.

Derivatives carry the risk of adverse changes in the market price. The risk of mispricing or improper valuation and the inability of derivatives to correlate
perfectly with underlying assets, rates and indices.

Although for exchange traded derivatives, the risk is mitigated as the exchange provides the guaranteed settlement however in OTC trades the possibility of
settlement is limited.

Risk associated with potential change in Tax structure

This summary of tax implications given in the taxation section (Units and Offer Section III) is based on the current provisions of the applicable tax laws. This
information is provided for general purpose only. The current taxation laws may change due to change in the ‘Income Tax Act 1961’ or any subsequent
changes/amendments in Finance Act/Rules/Regulations. Any change may entail a higher outgo to the scheme or to the investors by way
of securities transaction taxes, fees, taxes etc. thus adversely impacting the scheme and its returns.

Risks associated with investing in Securities Segment and Tri-party Repo trade settlement:

The mutual fund is a member of securities segment and Tri-party Repo trade settlement of the Clearing Corporation of India (CCIL). All transactions of the
mutual fund in government securities and in Tri-party Repo trades are settled centrally through the infrastructure and settlement systems provided by CCIL;
thus reducing the settlement and counterparty risks considerably for transactions in the said segments. The members are required to contribute an amount as
communicated by CCIL from time to time to the default fund maintained by CCIL as a part of the default waterfall (a loss mitigating measure of CCIL in case
of default by any member in settling transactions routed through CCIL). CCIL shall maintain two separate Default Funds in respect of its Securities Segment,
one with a view to meet losses arising out of any default by its members from outright and repo trades and the other for meeting losses arising out of any default
by its members from Triparty Repo trades. The mutual fund is exposed to the extent of its contribution to the default fund of CCIL, in the event that the
contribution of the mutual fund is called upon to absorb settlement/default losses of another member by CCIL, as a result the scheme may lose an amount
equivalent to its contribution to the default fund.
Risks associated with Derivatives

• Derivative products are leverage instruments and can provide disproportionate gains as well as disproportionate losses to the investors. Execution of such
strategies depends upon the ability of the Fund Manager to identify such opportunities. Identification and execution of the strategies to be pursued by the
Fund Manager involved uncertainty and decision of Fund Manager may not always be profitable. No assurance can be given that the Fund Manager will
be able to identify or execute such strategies.

• Derivative products are specialized instruments that require investment techniques and risk analysis different from those associated with stocks and bonds.
Derivatives require the maintenance of adequate controls to monitor the transactions entered into, the ability to assess the risk that a derivative add to the
portfolio and the ability to forecast price of securities being hedged and interest rate movements correctly. There is a possibility that a loss may be
sustained by the portfolio as a result of the failure of another party (usually referred to as the “counterparty”) to comply with the terms of the derivatives
contract. Other risks in using derivatives include the risk of mis-pricing or improper valuation of derivatives and the inability of derivatives to correlate
perfectly with underlying assets, rates and indices.

• The risks associated with the use of derivatives are different from or possibly greater than, the risks associated with investing directly in securities and
other traditional investments”.

• The Scheme may face execution risk, whereby the rates seen on the screen may not be the rate at which the ultimate execution of the derivative transaction
takes place.

• The Scheme may find it difficult or impossible to execute derivative transactions in certain circumstances. For example, when there are insufficient bids
or suspension of trading due to price limit or circuit breakers, the Scheme may face a liquidity issue.
• Investments in index futures face the same risk as the investments in a portfolio of shares representing an index. The extent of loss is the same as in the
underlying stocks.

• The Scheme bears a risk that it may not be able to correctly forecast future market trends or the value of assets, indices or other financial or economic
factors in establishing derivative positions for the Scheme.

• There is the possibility that a loss may be sustained by the portfolio as a result of the failure of another party (usually referred to as the "counter party")
to comply with the terms of the derivatives contract. The counter party may default on a transaction before settlement and therefore, the Scheme is
compelled to negotiate with another counterparty at the then prevailing (possibly unfavorable) market price.

• The risk of loss in trading futures contracts can be substantial, because of the low margin deposits required, the extremely high degree of leverage involved
in futures pricing and the potential high volatility of the futures markets.

• Where derivatives are used for hedging, such use may involve a basic risk where the instrument used as a hedge does not match the movement in the
instrument/underlying asset being hedged. The risk may be inter-related also e.g. interest rate movements can affect equity prices, which could influence
specific issuer/industry assets.

Other risks in using derivatives include the risk of mispricing or improper valuation of derivatives and the inability of derivatives to correlate perfectly with
underlying assets, rates and indices.

Risks Associated with Securitised Debt

Risk due to prepayment: In case of securitized debt, changes in market interest rates and pre-payments may not change the absolute amount of receivables
for the investors but may have an impact on the reinvestment of the periodic cash flows that an investor receives on securitized papers. In the event of pre-
payment of the underlying debt, investors may be exposed to changes in tenor and yield.
Liquidity Risk: Presently, despite recent legal developments permitting the listing of securitized debt instruments, the secondary market for securitized debt
in India is not very liquid. Even if a more liquid market develops in the future, secondary transactions in such instruments may be at a discount to initial issue
price due to changes in the interest rate structure.
Limited Recourse and Credit Risk: Certificates issued on investment in securitized debt represent a beneficial interest in the underlying receivables and there
is no obligation on the issuer, seller or the originator in that regard. Defaults on the underlying loan can adversely affect the pay outs to the investors and
thereby, adversely affect the NAV of the Scheme. While it is possible to repossess and sell the underlying asset, various factors can delay or prevent repossession
and the price obtained on sale of such assets may be low.
Bankruptcy Risk: If the originator of securitized debt instruments in which the Scheme invests is subject to bankruptcy proceedings and the court in such
proceedings concludes that the sale of the assets from originator to the trust was not a 'true sale', then the Scheme could experience losses or delays in the
payments due. Normally, care is taken in structuring the securitization transaction so as to minimize the risk of the sale to the trust not being construed as a
'true sale'.
Risk of Co-mingling: Servicers in a securitization transaction normally deposit all payments received from the obligors into a collection account. However,
there could be a time gap between collection by a servicer and depositing the same into the collection account. In this interim period, collections from the loan
agreements by the servicer may not be segregated from other funds of the servicer. If the Servicer fails to remit such funds due to investors, investors in the
Scheme may be exposed to a potential loss.

Risk Controls for Securitised Debt

1. Risk profile of securitized debt vis a vis risk appetite of the scheme:

Securitized Debt is a financial instrument (bond) whose interest and principal payments are backed by an underlying cash flow from another asset. In line with
the investment strategy of the Scheme and considering that there would be no intermediate redemption pressures for the Fund Manager, the Scheme may take
exposure to rated Securitized Debt with the intent to enhance portfolio yield without compromising on credit quality.

2. Policy relating to originators based on nature of originator, track record, NPAs, losses in earlier securitized debt, etc

The evaluation parameters of the originators are as under:

• Track record
• Willingness to pay, through credit enhancement facilities etc.
• Ability to pay
• Business risk assessment, wherein following factors are considered:
- Outlook for the economy (domestic and global)
- Outlook for the industry
- Company specific factors

Track record

We ensure that there is adequate past track record of the Originator before selection of the pool including a detailed look at the number of issuances in
past, track record of issuances, experience of issuance team, etc. We also look at the credit profile of the Originator for its own debt. We normally invest
 only if the Originator’s credit rating is at least ‘AA’ (+/- or equivalent) or above by a credit rating agency recognized by SEBI.

Willingness to pay

As the securitized structure has underlying collateral structure, depending on the asset class, historical NPA trend and other pool / loan characteristics, a
credit enhancement in the form of cash collateral, such as fixed deposit, bank guarantee etc. is obtained, as a risk mitigation measure.

Ability to pay

This assessment is based on a detailed financial risk assessment.

A traditional SWOT analysis is used for identifying company specific financial risks. One of the most important factors for assessment is the quality of
management based on its past track record and feedback from market participants. In order to assess financial risk a broad assessment of the issuer’s
financial statements is undertaken to review its ability to undergo stress on cash flows and asset quality.

Business risk assessment, wherein following factors are considered:

- Outlook for the economy (domestic and global)
- Outlook for the industry
- Company specific factors

In addition a detailed review and assessment of rating rationale is done including interactions with the company as well as agency.

Typically we would avoid investing in securitization transaction (without specific risk mitigant strategies / additional cash/security collaterals/ guarantees)
if we have concerns on the following issues regarding the originator / underlying issuer:
• High default track record/ frequent alteration of redemption conditions / covenants
• High leverage ratios - both on a standalone basis as well on a fated level/ group level. This is very important in case of single borrower loan
sell down
• Higher proportion of re-schedulement of underlying assets of the pool or loan
• Higher proportion of overdue assets of the pool or the underlying loan
• Poor reputation in market
• Insufficient track record of servicing of the pool or the loan

3. Risk mitigation strategies for investments with each kind of originator

Risk Mitigation Strategies

Investments in securitized debt will be done based on the assessment of the originator which is carried out by the Fixed Income team based on the in-
house research capabilities as well as the inputs from the independent credit rating agencies.

In order to mitigate the risk at the issuer/originator level, the Fixed Income team will consider various factors which will include:
• size and reach of the originator
• the infrastructure and follow-up mechanism
• quality of information disseminated by the issuer/originator; and
• the Credit enhancement for different type of issuer/originator
• the originator’s track record in that line of business

4. The level of diversification with respect to the underlying assets, and risk mitigation measures for less diversified investments

Majority of securitized debt investments shall be in asset backed pools wherein the underlying assets could be Medium and Heavy Commercial Vehicles,
Light Commercial Vehicles (LCV), Cars, and Construction Equipment, Mortgages etc.
The Fund Manager will invest in securitized debt which are rated ‘AA’ (+/- or equivalent) or above by a credit rating agency recognized by SEBI. While
the risks mentioned above cannot be eliminated completely, they may be minimized by considering the diversification of the underlying assets as well as
credit and liquidity enhancements.

Table 1: illustrates the framework that will be applied while evaluating investment decision relating to a pool securitization transaction:

Characteristics/T Mortgage Commercial CAR 2 wheelers Micro Personal Single Sell Others
ype of Pool Loan Vehicle and Finance Loans Downs
Construction Pools
Equipment

Approximate Up to 120 Up to 60 months Up to 60 Up to 60 Up to 12 Up to 36 Case by case basis Any other

Average maturity months months months months months class of
(in Months) securitized
 Collateral margin In excess of In excess of 5% In excess In excess of In excess of In excess Case by case basis debt would
(including cash 3% of 5% 5% 10% of 10% be
,guarantees, excess evaluated
interest spread , on a case by
subordinate case basis
tranche)
Average Loan to 95% or 100% or lower* 95% or 95% or lower Unsecured unsecure Case by case
Value Ratio lower lower d basis
Average seasoning Minimum 3 Minimum 6 Minimu Minimum 6 Minimum 1 Minimu Case by case basis
of the Pool months months m 6 months month m 2
months months
Maximum single 5% 5% 1% 1% <1% <1% Case by case basis
exposure range
Average single <5% <5% <1% <1% <1% <1% Case by case basis
exposure range %
* LTV based on chasis value

Note: The information contained herein is based on current market conditions and may change from time to time based on changes in such conditions, regulatory
changes and other relevant factors. Accordingly, our investment strategy, risk mitigation measures and other information contained herein may change in
response to the same.

In addition to the framework as per the table above, we also take into account following factors, which are analyzed to ensure diversification of risk and
measures identified for less diversified investments:
• Size of the loan: The size of each loan is generally analyzed on a sample basis and an analysis of the static pool of the originator is undertaken
to ensure that the same matches with the static pool characteristics. It also indicates whether there is high reliance on very small ticket size
borrower which could result in delayed and expensive recoveries.
• Average original maturity of the pool: The analysis of average maturity of the pool is undertaken to evaluate whether the tenor of the loans are
generally in line with the average loans in the respective industry and repayment capacity of the borrower.
• Default rate distribution: The Fixed Income team generally ensures that all the contracts in the pool are current to ensure zero default rate
distribution.
• Geographical Distribution: The analysis of geographical distribution of the pool is undertaken to ensure prevention of concentration risk.
• Risk Tranching: Typically, we avoid investing in Securitized debt in the form of sub ordinate tranche, without specific risk mitigant strategies
/ additional cash / security collaterals/ guarantees, etc.
• Credit enhancement facility - credit enhancement facilities in the form of cash collateral, such as fixed deposits, bank guarantee etc could be
obtained as a risk mitigation measure.
• Liquid facility - these parameters will be evaluated based on the asset class as mentioned in the table above
• Structure of the pool of underlying assets - The structure of the pool of underlying assets would be either single asset class or combination of
various asset classes as mentioned in the table above. We could add new asset class depending upon the securitization structure and changes
in market acceptability of asset classes

Investment in the Single Loan Securitization would be done based on the assessment of credit risk associated with the underlying borrower as well as the
originator. The Fixed Income team will adhere internal credit process and perform a detailed review of the underlying borrower prior to making investments.
5. Minimum retention period of the debt by originator prior to securitization

Issuance of securitized debt is governed by the Reserve Bank of India. RBI norms cover the "true sale" criteria including credit enhancement and liquidity
enhancements. In addition, RBI has proposed minimum holding period of between nine and twelve months for assets before they can be securitized. The
minimum holding period depends on the tenor of the securitization transaction. The Fund will invest in securitized debt that are
compliant with the laws and regulations.

6. Minimum retention percentage by originator of debts to be securitized

Issuance of securitized debt is governed by the Reserve Bank of India. RBI norms cover the "true sale" criteria including credit enhancement and liquidity
enhancements, including maximum exposure by the originator in the PTCs. In addition, RBI has proposed minimum retention requirement of between five and
ten percent of the book value of the loans by the originator. The minimum retention requirement depends on the tenor and structure of the securitization
transaction. The Fund will invest in securitized debt that are compliant with the laws and regulations.

7. The mechanism to tackle conflict of interest when the mutual fund invests in securitized debt of an originator and the originator in turn makes
investments in that particular scheme of the fund

An investment by the scheme in any security is done after detailed analysis by the Fixed Income team and in accordance with the investment objectives and the
asset allocation pattern of a scheme. All investments are made on an arms length basis without consideration of any investments (existing/potential) in the
schemes made by any party related/involved in the transaction. The robust credit process ensures that there is no conflict of interests when a scheme invests in
securitized debt of an originator and the originator in turn makes investments in that particular scheme. Normally the issuer who is securitizing instrument is in
need of money and is unlikely to have long term surplus to invest in mutual fund scheme.

Furthermore, there is clear cut segregation of duties and responsibilities with respect to Investment function and Sales function. Investment decisions are being
taken independently based on the above mentioned parameters and investment by the originator in the scheme is based on their own evaluation of the scheme
vis a vis their investment objectives.

8. The resources and mechanism of individual risk assessment with the AMC for monitoring investment in securitized debt

The risk assessment process for securitized debt, as detailed in the preceding paragraphs, is same as any other credit. The investments in securitized debt are
done after appropriate research by credit analyst. The ratings are monitored for any movement.

The resources for and mechanisms of individual risk assessment with the AMC for monitoring investment in securitized debt are as follows:

• Fixed Income Team - Risk assessment and monitoring of investment in Securitized Debt is done by credit team.
• Ratings are monitored for any movement - Based on the cash-flow report and analyst view, periodic review of utilization of credit enhancement
shall be conducted and ratings shall be monitored accordingly.
• Wherever the schemes portfolio is disclosed, the AMC may give a comprehensive disclosure of Securitised debt instruments held in line with
SEBI requirement.
Risks Factors associated with transaction in Units through stock exchange(s)

In respect of transaction in Units of the Scheme through BSE and / or NSE, allotment and redemption of Units on any Business Day will depend upon the order
processing / settlement by BSE and / or NSE and their respective clearing corporations on which the Fund has no control.

Credit Evaluation Process for the investments in Debt Securities:

In-house credit evaluation team has the necessary capability of conducting independent due diligences of credit risk. From credit evaluation perspective,
companies are broadly classified under two sectors - Industrials and Financial Institutions. Industrials include Manufacturing and trading companies, while
Financial Institutions include Banks and Non-Banking Financial Companies (NBFCs). The set of parameters for evaluation of credits for these sectors are
different.
Broad guidelines for the appraisal of Industrials for short-term and long-term exposure include, but are not restricted to:

• External Ratings threshold: Investment is made only if the issuer credit rating is at least investment grade for long-term debt by a credit rating agency
recognized by SEBI. In the short-term, investment is made in top notch (A1+ or equivalent) rated debt instruments. However this is subject to review
from time to time and investment committee / Board of AMC approval is required for any exception.

• Each company is internally appraised based on various parameters including, but not restricted to:

o Business Fundamentals: Product/Service offerings, Market Position, Competitive Landscape, and Product cycle etc.

o Regulatory environment: Support/intervention, developmental stage of industry, level of regulation

o Financial Analysis: Margins, Profitability, Leverage, Working Capital requirement and cycle, Cash-flows etc. This is also seen in light of historic
trend

o Management Track Record: Management track record, performance of company through economic cycle, promoters’ background, other group
companies.

o Macro-Economic Environment: Economic cycle, Credit cycle

In the short-term, the focus is more on the working capital cycle, near-term cash-flows and existing business position, while in the long-term the focus is more
on the outlook of the business, capital expenditure program, profitability etc.

The credit evaluation policy is subject to review from time to time. Any material change in the credit evaluation policy will be updated by way of an addendum
to the scheme information document.

The asset allocation among the various debt securities will be decided based upon the prevailing market conditions, macroeconomic environment and the
performance of corporate sector, the debt market and other considerations.

The investment policies mentioned in this SID are in conformity with the provisions of various constitutional documents VIZ.MOA/AOA of the
TAMPL/Trustee Company, IMA and the Trust Deed. Any change in the asset allocation affecting the investment profile of the scheme shall be effected only
in accordance with the provisions of regulations 18-15A of SEBI (Mutual Funds) Regulations, 1996.

C. Risk mitigation strategies

Risk Control / Mitigation measures for equity investments and related investments:

Investment in equity has an inherent market risk which cannot be mitigated generally. Following measures have been implemented with an objective to mitigate
/control other risks associated with equity investing:
 Nature of Risk Mitigation Measures

• Online monitoring of various exposure limits by the Front Office System. Also as a backup, manual controls are also
Regulatory Risk
implemented.

Poor Portfolio • Pre-approved universe of stocks based on strong fundamental research. New stock addition only with the prior approval of
Quality investment committee.

• Periodical review of stock wise profit & loss. Review of scheme performance vis. a vis. Benchmark index as well as peer
Performance Risk
group.

• Periodical review of the liquidity position of each scrip (Market capitalization, average volume in the market vis. a vis.
Liquidity Risk
Portfolio Holding)

Concentration Risk • Cap on maximum single sector exposure. Cap on maximum single stock exposure

Risk Control / Mitigation measures for Debt and related Investments:

Nature of Risk Mitigation Measures

Liquidity Risk • Focus on good quality paper at the time of portfolio construction
• Portfolio exposure spread over various maturity buckets to in line with maturity of a scheme.

Credit Risk • In house dedicated team for credit appraisal

• Issuer wise exposure limit
• Rating grade wise exposure limit
• Periodical portfolio review by the Board of AMC

interest Rate Risk • Close watch on the market events

• Active duration management
• Portfolio exposure spread over various maturities.

Regulatory Risk Online monitoring of various exposure limits by the Front Office System also as a backup, manual control are implemented.

II. Information about the scheme:

A. Where will the scheme invest –

The funds collected under the scheme shall be invested in equities, cumulative convertible preference shares and fully convertible debentures and bonds of
companies. Investment may also be made in partly convertible issues of debentures and bonds including those issued on rights basis subject to the condition
that, as far as possible, the non-convertible portion of the debentures so acquired or subscribed, shall be disinvested within a period of twelve months.

As per the ELSS Guidelines, it shall be ensured that funds of the scheme shall remain invested to the extent of at least eighty per cent in of the investible funds
in equity / equity related instruments. The scheme will ensure compliance with Equity Linked Savings Scheme, 2005 as amended from time to time.
In exceptional circumstances, this requirement may be dispensed with by the Fund, in order that the interests of the unitholders are protected.

Pending investment of funds of the scheme in the required manner, Mutual Fund may invest the funds in short-term money market instruments or other liquid
instruments or both. After three years of the date of allotment of the units, the Scheme may hold upto twenty per cent of net assets in short- term money market
instruments and other liquid instruments to enable them to redeem investment of those unitholders who would seek to tender the units for repurchase.

Equity and equity related instruments will include:

• Equity Shares of listed and to be listed companies;

• Preference shares
• Convertible debentures*
• Convertible Preference shares
* If convertible debentures are partly convertible debentures instead of fully convertible debentures then, as far as possible, the non-convertible portion of the
debentures so acquired or subscribed, shall be disinvested within a period of 12 months.

Investment in Debt Instruments will include:

• Securities created and issued by the Central and State Governments and/or repos/reverse repos in such Government
• Securities as may be permitted (including but not limited to fixed or floating coupon bearing bonds, zero coupon bonds and treasury bills).
• Securities guaranteed by the Central and State Government (including but not limited to fixed or floating coupon bearing bonds, zero coupon bonds and
treasury bills).
• Corporate debt and securities (of both public and private sector undertakings) including Bonds, Debentures, Notes, Strips etc. (Including but not limited to
fixed or floating coupon bearing and zero coupon securities).
• Fixed/Floating rate money market instruments permitted by SEBI, in the call money market or in alternative investments for the call money market as may
be provided by RBI to meet the liquidity requirements.
• Certificate of Deposits
• Commercial Paper
• The non-convertible part of convertible securities.
• Pass through, Pay through or other Participation Certificates representing interest in a pool of assets including receivables.
• Any other like instruments as may be permitted by SEBI from time to time.

The fund will, in general invest a significant part of its corpus in equity and equity related instruments. However, pending investments in equities; the
surplus amount of the fund should be invested in money market instruments. Also whenever good investment opportunity are not available, or the equity market
is not likely to perform in the view of the Fund manager the Fund will reduce its exposure to equity and during that period the surplus asset of the Fund shall
be invested in debt and money market instruments. However there is no assurance that all such buying and selling activities
would necessarily result in benefit for the Fund. The allocation between debt and equity will be decided based upon the prevailing market conditions, macro-
economic environment, and the performance of the corporate sector, the equity market and other considerations. At time such churning could lead to higher
brokerage and transaction costs.

Subject to the Regulations, the investments may be in securities which are listed or to be listed, secured or unsecured, rated or unrated, having variable maturities,
and acquired through secondary market purchases, RBI auctions, open market sales conducted by RBI etc., Initial Public Offers (IPOs), other public offers,
placements, rights, offers, negotiated deals, etc

The Scheme may also enter into repurchase and reverse repurchase obligations in all securities held by it as per the guidelines and Regulations applicable to
such transactions. The main aim of such steps will be to protect the interests of the unitholders. The above investment policies are in
conformity with the provisions of various constitutional documents viz. MOA/AOA of the TAMPL/ Trustee Company, IMA and the Trust Deed.

The Scheme will purchase securities in the public offerings and rights issues, as well as those traded in the secondary markets. On occasions, if deemed
appropriate, the Scheme will invest in securities sold directly by the issuer, or acquired in a negotiated transaction or issued by way of private placement. The
moneys collected under this scheme shall be invested only in marketable securities.

As per SEBI (Mutual Funds) Regulations 1996, the Fund shall not make any investments in any un-listed securities of associate/group companies of
the Sponsors. The Fund will also not make investment in privately placed securities issued by associate/group companies of the Sponsors. The Scheme may
invest subscription money received from the investing public before finalization of allotment of Units, in money market instruments as
per SEBI Regulations.

As per clause 4 of Seventh Schedule of SEBI (Mutual Funds) Regulations 1996, the scheme may invest in another scheme under the same asset management
company or any other mutual fund without charging any fees, provided that aggregate inter-scheme investment made by all schemes under the same management
or in schemes under the management of any other asset management company shall not exceed 5% of the net asset value of the mutual fund.

Investment in Securities of Group Companies

As per SEBI (Mutual Funds) Regulations 1996, the scheme shall not make any investments in any un-listed securities of associate/ group companies of the
Sponsors. The Scheme will also not make investment in privately placed securities issued by associate / group companies of the Sponsors. The Scheme may
invest not more than 25% of the net assets in listed securities of Group companies.
Derivatives and Hedging Products:
Investments in Derivatives shall be in compliance with guidelines of SEBI including provision 12.25 of SEBI Master Circular on Mutual Funds dated May 19,
2023.
The cumulative gross exposure through equity, debt and derivative positions should not exceed 100% of the net assets of the scheme. Cash or cash equivalents
with residual maturity of less than 91 days may be treated as not creating any exposure.
Options:
An option gives a person the right but not an obligation to buy or sell something. An option is a contract between two parties wherein the buyer receives a
privilege for which he pays a fee (premium) and the seller accepts an obligation for which he receives a fee. The premium is the price negotiated and set when
the option is bought or sold. A person who buys an option is said to be long in the option. A person who sells (or writes) an option is said to be short in the
option.
An option contract may be of two kinds:
1) Call option: An option that provides the buyer the right to buy is a call option. The buyer of the call option can call upon the seller of the option and buy
from him the underlying asset at the agreed price. The seller of the option has to fulfil the obligation upon exercise of the option.
2) Put option: The right to sell is called a put option. Here, the buyer of the option can exercise his right to sell the underlying asset to the seller of the option at
the agreed price.
Option contracts are classified into two styles:
(a) European Style
In a European option, the holder of the option can only exercise his right on the date of expiration only.
(b) American Style
In an American option, the holder can exercise his right anytime between the purchase date and the expiration date.
Interest Rate Swap & Forward Rate Agreements
An interest rate swap is a financial contract between two parties exchanging a stream of interest payments for a notional principal amount on multiple occasions
during a specified period.
Typically, one party receives a pre-determined fixed rate of interest while the other party, receives a floating rate, which is linked to a mutually agreed benchmark
with provision for mutually agreed periodic resets.
As per SEBI (Mutual Fund) Regulations 1996, the Scheme shall not make any investments in any un-listed securities of associate / group companies of the
Sponsors. The scheme will also not make investment in privately placed securities issued by associate / group companies of the Sponsor. The Scheme may
invest not more than 25% of the net assets in listed securities of Group companies. The Scheme shall make investment out of the NFO proceeds only on or after
the closure of the NFO period in accordance with the investment objective of the scheme. In the event of non-receipt of the minimum subscription amount, the
Trustee Company shall ensure that the entire amount collected as subscription money is refunded to the Unitholders notwithstanding any loss arising out of
such investment during the interim period.

Overview of Debt Market:

The major players in the Indian Debt Markets are banks, financial institutions, insurance companies and mutual funds. The instruments in the market can be
broadly categorized as those issued by corporate, banks, financial institutions and those issued by state/central governments. The risk associated with any
investments are – credit risk, interest rate risks and liquidity risk. While corporate papers carry credit risk due to changing business conditions, government
securities are perceived to have zero credit risk. Interest rate risk is present in all debt securities and depends on a variety of macroeconomic factors. The
liquidity risk in corporate securities market is higher compared to those of government securities. The liquidity risk in corporate securities market is higher
compared to those of government securities. Liquidity in the corporate debt market has been improving due to the entry of more players and due to various
measures taken by the regulators to increase the liquidity and transparency such as introduction of repo in corporate bonds, Credit Default Swaps, compulsory
reporting of secondary market OTC transactions on exchange platforms to name a few. Moreover, the recent successful e introduction of Interest Rate Future
in the benchmark 10 year Government Bond will also likely to increase the depth in the debt market.
The market participants in the corporate debt and gilt markets are banks, financial institutions, mutual funds, corporates, insurance companies, FIIs, primary
dealers and provident funds. The main debt instruments in the market are those issued by Corporates and State/Central Governments. Corporate papers carry
credit risk while government securities are believed to carry no credit risk. The main risks with investments in debt securities are interest rate risk, credit risk
and liquidity risk. Interest rate risk associated with debt instruments depend on the macroeconomic environment. It includes both market price changes due to
change in yields as well as coupon reinvestment rate risk. Corporate papers carry higher liquidity risk as compared to gilts due to the depth of the gilt market.
Money Market:
Money market encompasses a wide range of instruments with maturities ranging from one day to a year, issued by Government, Banks and corporates etc. and
traded in markets of varying liquidity. The risk associated with any investments are – credit risk, interest rate risk and liquidity risk. However, such risks are
lower in case of money market instruments compare to other debt instruments. Further, within the gamut of money market instruments as available in the
market, such risks are very low in case of instruments issued by government. While corporate papers carry credit risk due to changing business conditions,
government securities are perceived to have zero credit risk.
The following table attempts to give a broad overview of the available instruments in the financial markets and their risk return profile. The data given in the
table is based on market conditions around the date of the Offer document and can at best be considered indicative:
Expected Yields on Debt Securities

Expected Yields Range (%)

Issuer Instruments Maturity
as on 05-06-2024
GOI T-Bill 91 days 6.80-6.90
GOI T-Bill 182 days 6.94-7.04
GOI T-Bill 364 days 6.98-7.08
GOI Short dated 1-3 yrs 6.97-7.07
GOI Long dated 3-5 yrs 6.99-7.09
GOI Long dated 5-7 yrs 6.98-7.08
Corporate AAA 3-5 yrs 7.57-7.67
Corporate AAA 1-3 yrs 7.65-7.75
Corporate AA 3-5 yrs 8.33-8.43
 Corporate AA 1-3 yrs 8.38-8.48
Corporate CP 3 months 7.60-7.70
Corporate CP 1 year 7.90-8.00
Banks CD 3 months 7.05-7.15
Banks CD 1 year 7.65-7.75
Repo 1-3 days 6.45-6.55

B. What are the investment restrictions?

1. The scheme shall not invest more than 10 per cent of its NAV in the equity shares or equity related instruments of any company.
2. All investments by the scheme in equity shares and equity related instruments shall only be made provided such securities are listed or to be listed.
3. The Mutual Fund under all its scheme(s) shall not own more than ten percent of any company’s paid up capital carrying voting rights.
4. A mutual fund scheme shall not invest more than 10% of its NAV in debt instruments comprising money market instruments and non-money market
instruments issued by a single issuer which are rated not below investment grade by a credit rating agency authorized to carry out such activity under the
Act. Such investment limit may be extended to 12% of the NAV of the scheme with the prior approval of the Board of Trustees and the Board of directors
of the asset management company:

Provided that such limit shall not be applicable for investments in government securities, treasury bills and Tri Party Repo on Government Securities or
treasury bills.

Provided further that investment within such limit can be made in mortgaged backed securitized debts which are rated not below investment grade by a
credit rating agency registered with the Board.

A mutual fund scheme shall not invest more than:

a. 10% of its NAV in debt and money market securities rated AAA; or
b. 8% of its NAV in debt and money market securities rated AA; or
c. 6% of its NAV in debt and money market securities rated A and below.
issued by a single issuer.

The above investment limits may be extended by up to 2% of the NAV of the scheme with prior approval of the Board of Trustees and Board of
Directors of the AMC, subject to compliance with the overall 12% limit.

Note:
i.
The long-term rating of issuers shall be considered for the money market instruments. However, if there is no long-term rating available for the
same issuer, then based on credit rating mapping of CRAs between short term and long-term ratings, the most conservative long-term rating shall
be taken for a given short term rating.
Exposure to government money market instruments such as TREPS on G-Sec/ T-bills shall be treated as exposure to government securities
4A. A mutual fund scheme shall not invest in unlisted debt instruments including commercial papers, except Government Securities and other money market
instruments: Provided that Mutual Fund Schemes may invest in unlisted non-convertible debentures up to a maximum of 10% of the debt portfolio of the
scheme subject to such conditions as may be specified by the SEBI from time to time:
Provided further that mutual fund schemes shall comply with the norms under this clause within the time and in the manner as may be specified by the
SEBI:
Provided further that the norms for investments by mutual fund schemes in unrated debt instruments shall be specified by the SEBI from time to time.

Note:

a) Provision 12.1 of SEBI Master Circular on Mutual Funds dated May 19, 2023 has issued following guidelines wrt investment in unlisted debt &
money market instruments.
b) Mutual fund scheme may invest in unlisted non-convertible debentures (NCDs) that have a simple structure (i.e with fixed and uniform coupon, fixed
maturity period, without any options, fully paid up upfront, without any credit enhancements or structured obligations) and are rated and secured with
coupon payment frequency on monthly basis.
c) Provision 12.1.2 of SEBI Master Circular on Mutual Funds dated May 19, 2023 has allowed the existing unlisted NCDs to be grandfathered till
maturity, such NCDS are herein referred to as “identified NCDs.
Accordingly, mutual funds schemes can transact in such identified NCDs and the criteria specified in point (b) above shall not be applicable for such
identified NCDs, Subject to compliance with investment due diligence and all other applicable.
 investment restrictions as given below:-
A mutual fund scheme shall not invest more than 10% of its NAV in unrated debt instruments issued by a single issuer and the total investment in such
instruments shall not exceed 25% of the NAV of the scheme. All such investments shall be made with the prior approval of the Board of Trustees and
the Board of asset Management Company.
d) Maximum investment in unlisted NCDs will be 10 % of the debt portfolio of the scheme

Provision 12.1 of SEBI Master Circular on Mutual Funds dated May 19, 2023has allowed the existing unlisted NCDs to be grandfathered till maturity,
however SEBI vide circular number provision 12.1.2 of SEBI Master Circular on Mutual Funds dated May 19, 2023 clarified that the grandfathering of
the identified NCDs is applicable across the mutual fund industry. Accordingly, mutual funds can transact in such identified NCDs. All fresh investments
by mutual fund schemes in CPs would be made only in CPs which are listed or to be listed with effect from one month from the date of operationalization
of framework for listing of CPs or January 01, 2020, whichever is later.

e) investment in unrated debt and money market instruments, other than government securities, treasury bills, derivative products such as Interest Rate
Swaps (IRS), Interest Rate Futures (IRF), etc. by mutual fund schemes shall be subject to the following:

I. Investments should only be made in such instruments, including bills re-discounting, usance bills, etc., that are generally not rated and for which separate
investment norms or limits are not provided in SEBI (Mutual Fund) Regulations, 1996 and various circulars issued thereunder.
II. Exposure of mutual fund schemes in such instruments, shall not exceed 5% of the net assets of the schemes.
III. All such investments shall be made with the prior approval of the Board of AMC and the Board of trustees.
f) Restrictions on Investment in debt instruments having Structured Obligations / Credit Enhancements:
The investment of mutual fund schemes in the following instruments shall not exceed 10% of the debt portfolio of the schemes and the group exposure
in such instruments shall not exceed 5% of the debt portfolio of the schemes:
I. Unsupported rating of debt instruments (i.e. without factoring-in credit enhancements) is below investment grade
and
II. Supported rating of debt instruments (i.e. after factoring-in credit enhancement) is above investment grade.
III. Investment limits as mentioned above shall not be applicable on investments in securitized debt instruments, as defined in SEBI (Public Offer and
Listing of Securitized Debt Instruments) Regulations 2008.
IV. Investment in debt instruments, having credit enhancements backed by equity shares directly or indirectly, shall have a minimum cover of 4 times
considering the market value of such shares.
5. The scheme shall not make any investment in;
a) any unlisted security of an associate or group company of the sponsor; or
b) any security issued by way of private placement by an associate or group company of the sponsor; or
c) the listed securities of group companies of the sponsor which is in excess of 25% of the net assets.
6. Transfers of investments from one scheme to another scheme in the same mutual fund shall be allowed only if:-
(a) such transfers are done at the prevailing market price^ for quoted instruments on spot basis.
Explanation- “spot basis” shall have same meaning as specified by stock exchange for spot transactions.
(b) the securities so transferred shall be in conformity with the investment objective of the scheme to which such transfer has been made.
^Note: provision 9.11 of SEBI Master Circular on Mutual Funds dated May 19, 2023has prescribed the methodology for determination of price to be
considered for inter scheme transfers. The additional safeguard prescribed by provision 12.30 of SEBI Master Circular on Mutual Funds dated May
19, 2023. will be followed.

7. The scheme may invest in another scheme under the same asset management company or any other mutual fund without charging any fees, provided that
aggregate inter scheme investment made by all schemes under the same management or in schemes under the management of any other asset management
company shall not exceed 5% of the net asset value of the mutual fund.
8. Every mutual fund shall buy and sell securities on the basis of deliveries and shall in all cases of purchases, take delivery of relevant securities and in all
cases of sale, deliver the securities:
Provided that a mutual fund may engage in short selling of securities in accordance with the framework relating to short selling and securities lending
and borrowing specified by the SEBI:
Provided further that a mutual fund may enter into derivatives transactions in a recognized stock exchange, subject to the framework specified by the
SEBI.
9. The mutual fund shall, get the securities purchased or transferred in the name of the mutual fund on account of the concerned scheme, wherever
investments are intended to be of long term nature.
10. Pending deployment of funds of a Scheme in terms of investment objectives of the scheme, a mutual fund may invest them in short term deposits of
schedule commercial banks, subject to provision 12.16 of SEBI Master Circular on Mutual Funds dated May 19, 2023.
11 The scheme shall not make any investment in any fund of funds scheme.
12 The scheme will not advance any loan for any purpose.
13 The Scheme shall not borrow except to meet temporary liquidity needs of the mutual funds for the purpose of repurchase/ redemption of units or payment
of interest or income distribution to the unitholders. The fund shall not borrow more than 20 per cent of the net asset of the scheme and the duration of
such a borrowing shall not exceed a period of six months.

These investment limitations / parameters (as expressed / linked to the net asset / net asset value / capital) shall in the ordinary course apply as at the date of the
most recent transaction or commitment to invest, and changes do not have to be effected merely because, owing to appreciations or depreciations in value, or
by reason of the receipt of any rights, bonuses or benefits in the nature of capital or of any scheme of arrangement or for amalgamation, reconstruction or
exchange, or at any repayment or redemption or other reason outside the control of the Fund, any such limits would thereby be breached. If these limits are
exceeded for reasons beyond its control, TAMPL shall adopt as a priority objective the remedying of that situation, taking due account of the interests of the
Unitholders.
In addition, certain investment parameters (like limits on exposure to Sectors, Industries, Companies, etc.) may be adopted internally by TAMPL, and amended
from time to time, to ensure appropriate diversification / security for the Fund. The Trustee Company / TAMPL may alter these above stated limitations
from time to time, and also to the extent the SEBI (Mutual Funds) Regulations, 1996 change, so as to permit the Scheme to make its investments in the
full spectrum of permitted investments for mutual funds to achieve its investment objective. As such all investments of the Scheme will be made in
accordance with SEBI (Mutual Funds) Regulations, 1996, including Schedule VII thereof.

C. Fundamental Attributes

Following are the Fundamental Attributes of the scheme, in terms of Regulation 18 (15A) of the SEBI (MF) Regulations:

(i) Type of a scheme

An open ended equity linked tax saving scheme (ELSS) with a statutory lock-in period of 3 years and tax benefit.

(ii) Investment Objective

The investment objective of the Scheme is to provide medium to long term capital gains along with income tax relief to its Unitholders, while at all times
emphasising the importance of capital appreciation.
However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.
Investment Pattern and Risk Profile:

The tentative portfolio break-up of Equity , Debt, Money Market Instruments, other permitted securities and such other securities as may be permitted by the
Board from time to time with minimum and maximum asset allocation, while retaining the option to alter the asset allocation for a short term period on defensive
considerations has been provided in Section C for detailed Asset Allocation and Risk Profile of the scheme.

(iii) Terms of Issue

Liquidity: Repurchase/ Resale is at Net Asset Value (NAV) related prices with repurchase/ resale loads as applicable (within limits) as specified under SEBI
Regulations 1996, While determining the price of the units, the fund will ensure that the repurchase price is not lower than 95 per cent of the Net Asset Value.
• Refer section “IV FEES AND EXPENSES” for aggregate fees and expenses chargeable to the Scheme.
• The scheme does not provide any safety net or guarantee nor does it provide any assurance regarding declaration of income distribution. There is no guarantee
or assurance that the scheme will achieve its’ objective.
In accordance with Regulation 18(15A) of the SEBI (MF) Regulations, the Trustees shall ensure that no change in the fundamental attributes of the Scheme(s)
and the Plan(s) / Option(s) thereunder or the trust or fee and expenses payable or any other change which would modify the Scheme(s) and the Plan(s) /
Option(s) thereunder and affect the interests of Unitholders is carried out unless:
(i) An addendum to the existing SID shall be issued and displayed on AMC website immediately.

(ii) SID shall be revised and updated immediately after completion of duration of the exit option (not less than 30 days from the notice date)

(iii) A public notice shall be given in respect of such changes in one English daily newspaper having nationwide circulation as well as in a newspaper
published in the language of region where the Head Office of the Mutual Fund is situated.
Trustees shall take comments of the Board before bringing such change(s).

D. Index methodology
Not applicable,.

E. Principles of incentive structure for market makers (for ETFs)

 Not applicable, as the scheme is not an ETF

F. Floors and ceiling within a range of 5% of the intended allocation against each sub class of asset, as per clause 13.6.2 of SEBI
master circular for mutual funds dated May 19, 2023 (only for close ended debt schemes)
Not applicable, as the scheme is an open-ended scheme

G. Other Scheme Specific Disclosures:

Listing and transfer of units

Listing

Not applicable

Transfer of Units

1. Units are freely transferable. Unitholders desirous of transferring units shall submit
the transfer request in the prescribed form or convert his/her holding in non demat or
demat mode. Any addition / deletion of name from the folio of the unitholder is deemed
as transfer of unit. Transfer of unit(s) shall be subject to payment of applicable stamp
duty by the unitholder(s) and applicable laws.

The above provisions in respect of deletion of names will not be applicable in case of
death of unitholder (in respect of joint holdings) as this is treated as transmission of
units and not transfer.

2. The units issued in Demat (electronic) form are transferable in accordance with the
provisions of SEBI (Depositories and Participants) Regulations, as may be amended
from time to time.

3. Transfer would be only in favor of transferees who are capable of holding units. The
Fund will not be bound to
recognize any other transfer.

4. The delivery instructions for transfer of units will have to be lodged with the DP in
the requisite form as may be required from time to time and transfer will be affected in
accordance with such rules/regulations as may be in force governing transfer of
securities in dematerialized mode.

As per provision 14.4.4 of SEBI Master Circular on Mutual Funds dated May 19,
2023. All the units of a mutual fund scheme held in Demat form will be freely
transferable after the lock-in period.
In case of Tata ELSS Tax Saver Fund, units issued under the scheme can be assigned
or pledged after three years of its issue.
Dematerialization of units
Pursuant to provision 14.4.2 of SEBI Master Circular on Mutual Funds dated May 19,
2023 and further as per AMFI Circular No 35P/MEMCOR/ 35/11-12 dated Dec 23,
2011, Mutual Fund shall provide an option to investors to hold units in Demat mode.
As per provision 14.4.4 of SEBI Master Circular on Mutual Funds dated May 19,
2023, all the units of a mutual fund scheme held in Demat form will be freely
transferable after the lock-in period.
Minimum Target amount Not applicable, as the scheme is an ongoing scheme.
This is the minimum amount required to operate
the scheme and if this is not collected during the
NFO period, then all the investors would be
refunded the amount invested without any return.
However, if AMC fails to refund the amount
within five business days, interest as specified by
SEBI (currently 15% p.a.) will be paid to the
investors from the expiry of five business days
from the date of closure of the subscription period.
Maximum Amount to be raised (if Not applicable, as the scheme is an ongoing scheme.
any) This is the maximum amount which can be
collected during the NFO period, as decided by the
AMC.
Dividend P o l i c y / Income Distribution Cum Growth Option:
Capital Withdrawal Policy
The income / profits received / earned would be accumulated by the Fund as capital
accretion, aimed at achieving medium to long term and also short term capital growth
and reflected in the NAV.
Payout of Income Distribution cum capital withdrawal option :
The profits received / earned and so retained and reinvested may be distributed as
income at appropriate rates (after providing for all relevant ongoing expenses, etc.)
and at appropriate intervals as may be decided by the AMC and/or Trustee Company.
It will be distributed to the unitholders who hold the units on the record date of
declaration of the Income.
Please note that the income distribution i. e income distribution and its frequency is
subject to availability of distributable surplus and at the discretion of the trustees
The Fund reserves a right to modify the periodicity and manner of payout of such
income distribution as they deem fit without giving any further notice to unitholders.
The Fund does not assure any targeted annual return / income nor any capitalisation
ratio. Accumulation of earnings and / or capitalisation of units and the consequent
determination of NAV, may be suspended temporarily or indefinitely under any of
the circumstances as stated in the clause “Suspension of Ongoing Sale, Repurchase
or Switch out of Units”.
Transfer of Income Distribution cum capital withdrawal plan):

Under this facility investor can opt for reinvestment of divided into any other scheme
of Tata Mutual Fund. This facility is not available to those investors who have opted
for IDCW- pay-out facility Under this facility, the net income distribution amount
(i.e. net of statutory levy/taxes if any) will be automatically invested on the ex-
dividend date into other scheme of Tata Mutual Fund as specified by the investor at
the applicable NAV of that scheme and accordingly equivalent units will be allotted
in lieu of income distribution, subject to the terms and conditions of the schemes. No
entry Load or exit load will be levied on the units issued in lieu of income
distribution. AMC reserves the right to modify or withdraw this facility without prior
notice
Allotment during continuous offer for sale period. At the discretion of the investors, the units under the scheme shall either be allotted in
dematerialized form (if investor has Demat account and he has provided the details of
depository account in the application form) or by way of issuing the physical account
statement.
The investors who wish to hold units in Demat mode need to furnish the details of
their depository account in the Application Form. The Units allotted in electronic form
will be credited to the investor’s Beneficiary Account with a Depository Participant
(DP) of CDSL or NSDL as per the details furnished by the investor in the Application
Form
Those investors who have not provided Demat account details shall be issued account
statement specifying the number of units allotted. A statement of accounts specifying
the number of units allotted to the applicant or issue units in the dematerialized form
as soon as possible but not later than five working days from the date of closure of the
initial subscription list or from the date of receipt of the application.
The units are freely transferable in demat or non demat mode after the lock-in period.
Transfer of units shall be subject to payment of applicable stamp duty by the
unitholders and as per applicable laws.
Unitholders desirous of transferring units shall submit the transfer request in the
prescribed form and with other documents as may be mandated by AMC.
Further, where the investor has furnished the details of their depository accounts in the
Application Form, it will be assumed that the investor has opted for allotment in
electronic form and the allotment will be made only in electronic form as default.
In case unit holder wish to dematerialize the units, he/she shall comply with the
procedures prescribed by the AMC / Depository from time to time.
The allotment of units is subject to realisation of the payment instrument.
 Any application for subscription of units may be rejected if found incomplete or due
to unavailability of underlying securities, etc.

Refund Refund of subscription money to applicants whose applications are invalid for any
reason whatsoever, will be without incurring any liability whatsoever for interest or
other sum. If the Fund fails to refund the amount within 5 business days, interest
@15% per annum for delayed period shall be paid by the AMC. Refunds will be
carried out electronically wherever CBS account nos., IFSC codes available or Direct
Credit facility is available with the Bank else through refund orders marked “A/c.
Payee Only” drawn in the name of the first applicant.
Who can invest Tata ELSS Tax Saver Fund (ELSS) Scheme is a scheme formulated under the
This is an indicative list and investors shall consult Equity Linked Savings Scheme, 2005, issued by the Central Government.
their financial advisor to ascertain whether the Accordingly, investment made by individuals, HUFs and / or specified category of
scheme is BOI / AOPs (as per ELSS notification) in the Scheme upto a sum of Rs. 1,50,000 in
a financial year would qualify for deduction under Section 80-C of the Act.
suitable to their risk profile. Investors other than these specified investors shall not qualify for the tax benefit as
mentioned under Section 80-C of the Income Tax Act. Such investors may however
avail of such tax benefits at a future date, if so permitted under the applicable laws
and regulations.
Please note that though various categories of persons, as mentioned below, are
eligible for investment in Tata ELSS Tax Saver Fund, the Income tax benefits
as per provisions of Section 80C of the Income Tax Act, 1961 shall be available
only to the Individuals & HUFs.
Eligibility for Application
The following persons (subject, wherever relevant to, purchase of Units being
permitted under their respective constitutions and relevant State Regulations) are
eligible to apply for the purchase of the Units:

• Adult individuals, either singly or more than one (not exceeding three) on first
holder basis or jointly on an either or survivor/any one basis.
• Parents, or other lawful Guardians on behalf of Minors. AMC will follow
uniform process ‘in respect of investments made in the name of a minor
through a guardian’ by SEBI vide:
• Provision 17.6 of SEBI Master Circular on Mutual Funds dated May 19,
2023 states that payment for investment by any mode shall be accepted
from the bank account of the minor, parent or legal guardian of the minor,
or from a joint account of the minor with parent or legal guardian. For
existing folios, the AMCs shall insist upon a Change of Pay-out Bank
mandate before redemption is processed. Irrespective of the source of
payment for subscription, all redemption proceeds shall be credited only
in the verified bank account of the minor i.e., the account the minor may
hold with the parent/legal guardian after completing all KYC formalities.
• Companies, corporate bodies, public sector undertakings, trusts, wakf boards or
endowments, funds, institutions, associations of persons or bodies of individuals
and societies (including Co-operative Societies) registered under the Societies
Registration Act, 1860 (so long as the purchase of Units is permitted under their
respective constitutions).
• Mutual Funds (including any Scheme managed by AMC or any Scheme of any
other Mutual Fund); (in accordance with Regulation 44(1) read with Clause 4 of
Schedule VII, of the Securities & Exchange Board of India (Mutual Funds)
Regulations, 1996).
• Asset Management Company (AMC); (in accordance with Regulation 25(17) of
the Securities & Exchange Board of India (Mutual Funds) Regulations, 1996).
• Partnership firms, in the name of the partners.
• Hindu Undivided families (HUF) in the sole name of the Karta.
• Financial and Investment Institutions/ Banks.
• Army/ Navy / Air Force, para military Units and other eligible institutions.
• Religious and Charitable Trusts provided these are allowed to invest as per statute
and their by-laws.
• Non-resident Indians/ persons of Indian origin residing abroad (NRIs) on a full
repatriation basis or on non-repatriation basis.
• Foreign Portfolio Investor” ( Foreign Portfolio Investor (FPI) as defined under
Regulation 2(1)(h) of Security Exchange Board of India (Foreign Portfolio
Investors) Regulations, 2014).
• International Multilateral Agencies approved by the Government of India.

Compliance under Foreign Account Tax Compliance Act (FATCA)

regulations:

United States of America (US) has introduced chapter no. 4 in the US Internal
Revenue Code as a part of the Hiring Incentives to Restore Employment (HIRE)
Act, which was enacted by the US legislature to create employment opportunities in
US. The HIRE Act includes Foreign Account Tax Compliance Act (FATCA),
which now forms a part of the US-IR Code. The regulations for FATCA have
undergone revision since 2010 and the final regulations make the FATCA
provisions effective from July 1, 2014.

The objective of FATCA is to detect "US Persons", who evade US taxes by using
financial account maintained outside US. The US persons are defined as those who
have either US citizenship or US residency. The FATCA stipulates reporting on -

i. US taxpayers about certain foreign financial accounts and offshore

assets.

ii. Foreign Financial Institutions (FFIs) about financial accounts with

them of US taxpayers or foreign entities in which US taxpayers hold
substantial ownership interest.

FFIs (including mutual funds in India) are required to periodically report information
on accounts of US persons, who maintain balances above a threshold. In the event of
a default in the reporting of information on accounts of US taxpayers, a withholding
of 30% of the payment made from US sources will be imposed on the recalcitrant
account holders and non-participating Financial Institutions. SEBI vide its circular
no. CIR/MIRSD/2/2014 dated June 30, 2014, has advised that Government of India
and US Government have reached an agreement in substance on the terms of an Inter-
Governmental Agreement (IGA) to implement FATCA and India is now treated as
having an IGA in effect from April 11, 2014. Tata Asset Management Company
Private Limited (TAMPL) is classified as a Foreign Financial Institution (FFI) under
the FATCA provisions and in accordance therewith, the AMC would be required to
comply with the rules & regulations of FATCA, from time to time.

In order to ensure compliance with FATCA and other rules / directions / notifications
as may be issued by Government of India or other regulatory authority, Mutual Funds
are required to institute a process to identify US Person investors and report the same.
Applicants are required to refer to the “FATCA information” section in the
application and mandatorily fill/sign off on the same. Applications without this
information / declaration being filled/signed off will be deemed as incomplete and
are liable to be rejected. Investors are requested to provide information required by
the regulatory authority and may undergo changes on receipt of communication /
guidelines from Government of India or AMFI or SEBI or any other regulatory
authority.

Common Reporting Standard (CRS)

On similar lines of FATCA, the Organization of Economic Development (OECD),

along with the G 20 countries, of which India is a member, has released a ‘Standard
for Automatic Exchange of Financial Account Information in Tax matters’. In order
to combat the problem of offshore tax evasion and avoidance and stashing of
unaccounted money abroad, the G 20 & OECD countries have together developed a
common reporting standard(CRS) on automatic exchange of information(AEOI). On
June 3,2015 India has joined the Multilateral Competent Authority
Agreement(MCAA) on AEOI. The CRS on AEOI requires the financial institutions
of the ‘source’ jurisdiction to collect and report information to their tax authorities
about account holders ‘resident’ in other countries. The information to be exchanged
relates not only to individuals, but also to shell companies and trusts having
beneficial ownership or interest in the ‘resident’ countries.

In view of India’s commitment to implement the CRS on AEOI and also the IGA
with USA and with a view to provide information to other countries necessary
legislative changes has already been made in Finance Act & by inserting Rules 114F
to 114H and Form 61B to provide a legal basis for the Reporting Financial
Institutions (RFIs) for maintaining and reporting information about the reportable
accounts.

Applicants are required to refer to the “FATCA/CRS information” section in the

application and mandatorily fill/sign off on the same. Applications without this
information / declaration being filled/signed off will be deemed as incomplete and
are liable to be rejected. Investors are requested to note that the contents of the
information to be provided/ declaration in the application form may undergo a
change on receipt of communication / guidelines from Government of India or AMFI
or SEBI or any other regulatory authority.

With the change in guidelines, investors may be called for additional information
required by the law. Investors are requested to keep Mutual Fund updated with
change in information already submitted by them with Mutual Fund. FATCA
provisions are relevant not only at on-boarding stage of investor(s)/unit holder(s) but
also throughout the life cycle of investment with the Fund/the AMC. In view of this,
Investors should immediately intimate to the Fund/the AMC, in case of any change
in their status with respect to FATCA/CRS related declaration provided by them
previously.

Investors(s)/Unit holder(s) should consult their own tax advisors to understand the
implications of FATCA/CRS provisions /requirements.

With the change in guidelines, investors may be called for additional information
required by the law. Investors are requested to keep Mutual Fund updated with
change in information already submitted by them with Mutual Fund.
The Fund reserves the right to include / exclude new / existing categories of
investors to invest in the scheme from time to time, subject to SEBI Regulations
and other than prevailing statutory regulations, if any.
If a person resident of India at the time of subscription becomes a person resident
outside India subsequently, shall have the option to either be paid Redemption
value of Units, or continue into the Scheme if he/ she so desires and is otherwise
eligible. However, the person who desires to continue in the Scheme shall not be
entitled to any interest or any compensation during the period it takes for the Fund
to record the change in Address and the Residential Status. Notwithstanding the
aforesaid, the Trustee Company reserves the right to close the Unitholder account
and to pay the Redemption value of Units, subsequent to his becoming a person
resident outside India, should the reasons of expediency, cost, interest of
Unitholders and other circumstances make it necessary for the Fund to do so. In
such an event, no resident Unitholders who have subsequently become resident
outside India shall have a right to claim the growth in capital and/ or income
distribution.
This scheme has not been registered in any country outside India. To ensure
compliance with any Laws, Acts, Enactments, etc. including by way of Circulars,
Press Releases, or Notifications of Government of India, the Fund may require/give
 verification of identity/any special/additional subscription-related information from
/of the Unitholders(which may result in delay in dealing with the applications,
Units, benefits, distribution, etc./giving subscription details, etc). Each Unitholder
must represent and warrant to the Trustee Company/AMC that, among other things,
he is able to acquire Units without violating applicable laws. The Trustee Company
will not knowingly offer or sell Units to any person to whom such offer or sale
would be unlawful, or might result in the Fund incurring any liability or suffering
any other pecuniary disadvantages which the Fund might not otherwise incur or
suffer. Units may not be held by any person in breach of the law or requirements of
any governmental, statutory authority including, without limitation, Exchange
Control Regulations. The Trustee company may, compulsorily redeem any Units
held directly or beneficially in contravention of these prohibitions. In view of the
individual nature of investment portfolio and its consequences, each Unitholder is
advised to consult his/her own professional advisor concerning possible
consequences of purchasing, holding, selling, converting or otherwise disposing of
the Units under the laws of his/her State/country of incorporation, establishment,
citizenship, residence or domicile
Who cannot invest Applicants who cannot Invest.
• A person who falls within the definition of the term “U.S” Person” under the US
Securities Act of 1933 and corporations or other entities organised under the laws
of the U.S.
• A person who is resident of Canada.
• OCB (Overseas Corporate Bodies) as defined under Income Tax Act, 1061 and
under Foreign Exchange Management Act, 1999.
• “Subject to the Regulations and other applicable laws, the AMC / Trustee may
reject any application for subscription and/or redemption of units if found
incomplete or due to unavailability of underlying securities, etc.”

How to Apply and other details

1. Investors can obtain application form from either Investor Service Centers
(ISCs) / Official Points of Acceptance (OPAs) of AMC or can be downloaded
from the website of AMC. Functional weblink: Kindly visit
https://www.tatamutualfund.com/forms.

Please refer to the SAI and Application form for the instructions.

2. Link for the list of official points of acceptance, collecting banker details etc.
Functional weblink: Kindly visit https://www.tatamutualfund.com/statutory-
disclosures/other-statutory-disclosures.
3. Details of R&T are as under:
Computer Age Management Services (Private) Limited (CAMS),
SEBI registration number INR000002813,
Unit: Tata Mutual Fund.
178/10 Kodambakkam High Road, Opp. Hotel Palm grove
Nungambakkam,Chennai-600 034
Website: www.camsonline.com, Email: [email protected] (Tata
Mutual Fund Email Address),
Telephone : (022) 6282 7777 (Monday to Saturday 9:00am to 5:30pm)
The Registrar has set up a special Investor service cell for quick redressal of
Unitholder grievances (if any). All correspondence, including change in the
name, address, designated bank account number and bank branch, Account
Statement, should be addressed to:
Computer Age Management Services (Private) Limited (CAMS),
148, OLD Mahabalipuram Road, Okkiyam Thuraipakkam, Chennai -
600 097.
Email: [email protected] (Tata Mutual Fund Email Address),
 Telephone (022) 6282 7777 (Monday to Saturday 9:00am to 5:30pm).

KYC is mandatory for investing in the Scheme. Non individual category of

investors is required to furnish details of Ultimate Beneficial Owner(s) (‘UBO’)
and submit proof of identity (viz. PAN with photograph or any other acceptable
identity proof prescribed in common KYC form).

For ongoing purchase and redemption, applications completed in all respects, must
be submitted only at the Investors Service Centers as mentioned on the back cover
page of the respective scheme SID.
All investment cheques should be current dated.
Investors are required to note that it is mandatory to mention their bank account
numbers in their applications/requests for redemption.
Duly filled application form can be submitted at branch offices of Tata Asset
Management Pvt Ltd or at Registrar and Transfer Agent (R&T).
For details on OPAs, R&T & Collecting Banker, please refer to the back cover page
of this Scheme Information Document.
Investors can also subscribe to the units from the official website of the AMC
i.e. www.tatamutualfund.com.

Official Points of Acceptance of Transaction through MF utility & MF Central

Investors are requested to visit the website of MFUI i.e., www.mfuindia.com to

download the relevant forms.
The policy regarding reissue of repurchased units, The number of Units held by the Unit holder under his folio /Demat Account will
including the maximum extent, the manner of stand reduced by the number of Units redeemed. Presently, the AMC does not intend
reissue, the entity (the scheme or the to reissue the repurchased units. However, the Trustee reserves the right to reissue the
AMC) involved in the same. repurchased units at a later date after issuing adequate public notices and taking
approvals, if any, from SEBI.

Restrictions, if any, on the right to 1 Units are freely transferable after the lock-in period. Unitholders desirous of
transferring units shall submit the transfer request in the prescribed form or convert
freely retain or dispose of units being offered. his/her holding in non demat or demat mode. Any addition / deletion of name from
the folio of the unitholder is deemed as transfer of unit. Transfer of unit(s) shall be
subject to payment of applicable stamp duty by the unitholder(s) and applicable
laws.

The above provisions in respect of deletion of names will not be applicable in

case of death of unitholder (in respect of joint holdings) as this is treated as
transmission of units and not transfer.

2. The units issued in Demat (electronic) form are transferable after the lock-in
period, in accordance with the provisions of SEBI (Depositories and
Participants) Regulations, as may be amended from time to time.

3. Transfer would be only in favor of transferees who are capable of holding units.
The Fund will not be bound to
recognize any other transfer.

4. The delivery instructions for transfer of units will have to be lodged with the DP
in the requisite form as may be required from time to time and transfer will be
affected in accordance with such rules/regulations as may be in force governing
transfer of securities in dematerialized mode.

As per provision 14.4.4 of SEBI Master Circular on Mutual Funds dated May
19, 2023. All the units of a mutual fund scheme held in Demat form will be
freely transferable after the lock-in period.

In case of Tata ELSS Tax Saver Fund, units issued under the scheme can be
assigned or pledged after three years of its issue.

There is no upper limit of redemption. However, this is subject to the following:

(a) The repurchase would be permitted to the extent of credit balance in the Unit
holder’s account.
 The Asset Management Company (AMC) may, in the general interest of the all
Unit holders of the Scheme, keeping in view the unforeseen
circumstances/unsure conditions, limit the total number of Units which may be
redeemed on any Business Day. Restrictions may be imposed under the following
circumstances that leads to a systemic crisis or event that severely constricts
market liquidity or the efficient functioning of markets. a) Liquidity issues -
When markets at large becomes illiquid affecting almost all securities rather than
any issuer specific security. b) Market failures, exchange closures - When
markets are affected by unexpected events which impact the functioning of
exchanges or the regular course of transactions. Such unexpected events could
also be related to political, economic, military, monetary or other emergencies. c)
Operational issues - When exceptional circumstances are caused by force
majeure, unpredictable operational problems and technical failures (e.g. a black
out). Under the aforesaid circumstances, the AMC / Trustee may restrict
redemption for a specified period of time not exceeding 10 working days in any
90 days period. Any imposition of restriction on redemption / switch of units
would require specific approval of Board of AMCs and Trustees and the same
should be informed to SEBI immediately. Unitholders should note that the
following provisions shall be applicable when redemption requests are placed
during such restricted period. i) No redemption requests upto Rs. 2 lakh shall be
subject to such restriction and ii) Where redemption requests are above Rs. 2
lakh, AMCs shall redeem the first Rs. 2 lakh without such restriction and
remaining part over and above Rs. 2 lakh shall be subject to such restriction.
Cut off timing for subscriptions/ redemptions/
switches
Applicable NAV for Subscription / Switch-in :Cut Off Timing 3.00 pm
This is the time before which your application
(complete in all respects) should reach the Particulars Applicable NAV
official points of
acceptance. Valid applications received (time-stamped) upto The closing NAV of the
3.00 p.m. and where the funds for the entire same day.
amount are available for utilization before the cut-
off time i.e. credited to the bank account of the
scheme before the cut-off time.
Valid applications received (time-stamped) after The closing NAV of the
3.00 p.m. and where the funds for the entire next Business Day.
amount are credited to the bank account of the
scheme either on the same day or before the cut-
off time of the next Business Day i.e. available for
utilization before the cut-off time of the next
Business Day.
Valid applications received (time-stamped) upto The closing NAV of the
3.00 p.m. and where the funds for the entire next Business Day.
amount are credited to the bank account of the
scheme after the cut-off time on the same day i.e.
available for utilization after the cut-off time of
the Day.
Where the application is time stamped any day The closing NAV of such
before the credit of the funds to the scheme but the subsequent Business Day
funds for the entire amount are credited to the on which funds are
bank account of the scheme before the cut-off available for utilisation.
time on any subsequent Business Day i.e.
available for utilization before the cut-off time on
that Business Day.

In case application is time stamped after cut off timing on any day, the same will
be considered as deemed to be received on the next business day.

In case funds are realised after cut-off timing on any day, the same will be
considered as deemed to be realised /available for utilisation on the next business
day.

For Switch-ins including Systematic Investment Plan (SIP), Systematic

Transfer Plan (STP) of any amount:

For determining the applicable NAV, the following shall be ensured:

• Application for switch-in is received before the applicable cut-off time.

 • Funds for the entire amount of subscription / purchase as per the switch-in
request are credited to the bank account of the Scheme before the cut-off time,
and the funds are available for utilization before the cut-off time.
• In case of switch/STP transactions, funds will be made available for utilization
in the switch-in-scheme based on the redemption payout cycle of the switch out
scheme.

For investments through systematic investment routes such as Systematic

Investment Plans (SIP),Systematic Transfer Plans (STP), etc. the units will be
allotted as per the closing NAV of the day on which the funds are available for
utilization by the Target Scheme irrespective of the installment date of the SIP,
STP or record date of income distribution etc.

Redemption /Switch Out: In respect of application received upto 3 p.m.,

closing NAV of the day of receipt of application shall be applicable and in
respect of application received after 3 p.m. closing NAV of next business day.
Outstation cheques/demand drafts will not be accepted.
Valid application for “switch out” shall be treated as redemption and for
“switch in” shall be treated as purchases and the relevant NAV of “Switch in”
and “Switch Out” shall be applicable accordingly.
Minimum amount for Minimum initial investment in the scheme / plan/ option: Rs. 500/- and in multiples
purchase/redemption/switches (mention the of Re. 500/- thereafter. For additional investment Rs. 500/- and in multiples of Re.
provisions for ETFs, as 500/-. The additional purchase investment can be made in Growth or IDCW option
may be applicable, for direct if initial investments exist under the requested option either in Direct or in Regular
plan of the scheme.
\The repurchase / switches request can be made for a minimum of Rs. 500/-.
Minimum amount requirement for all unit switch is Rs.500/- & in multiples of
Rs.500/-

Reinvestment of Income Distribution cum Withdrawal Option sub-option under Tata

ELSS Tax Saver Fund has been discontinued .No fresh subscription would be
accepted under the option. For existing unitholders under the option, income
distribution declared in future will be compulsorily paid out/credited to the bank
account of the first unitholder, instead of being reinvested. The systematic investment
Plan (SIP)/Systematic Transfer Plan (STP) which were registered under the
reinvestment option of the scheme will be processed under the Payout of Income
Distribution Cum Capital Withdrawal Option (IDCW- Payout Option).

Default Plan:

Investors are requested to note the following scenarios for the applicability of “Direct
Plan or Regular Plan” for valid applications received under the scheme:

Sc Broker Code mentioned Plan mentioned by Default Plan

enari by the investor the investor to be
o captured
1 Not mentioned Not mentioned Direct Plan
2 Not mentioned Direct Direct Plan

3 Not mentioned Regular Direct Plan

4 Mentioned Direct Direct Plan
5 Direct Not Mentioned Direct Plan
6 Direct Regular Direct Plan
7 Mentioned Regular Regular Plan

8 Mentioned Not Mentioned Regular Plan

In cases of wrong/ invalid/ incomplete ARN codes mentioned on the application

form, the application shall be processed under Regular Plan. The AMC shall
contact and obtain the correct ARN code within 30 calendar days of the receipt of
the application form from the investor/ distributor. In case, the correct code is not
received within 30 calendar days, the AMC shall reprocess the transaction under
Direct Plan from the date of application without any exit load.

Treatment of Business Received Through Suspended Distributors:

The financial transactions of an investor where his distributor’s AMFI

Registration Number (ARN) has been suspended temporarily or terminated
permanently by Association of Mutual Funds in India (AMFI) shall be processed
as follows:

1. All purchase and switch transactions including SIP/STP registered prior to the
date of suspension and fresh SIP/STP registrations received under the ARN code
of a suspended distributor during the period of suspension, shall be processed
under ’Direct Plan’ and shall be continued under Direct Plan perpetually except in
case where TAMPL receives any written request/ instructions from the unitholder/s
to shift back to Regular Plan under the ARN of the distributor post the revocation
of suspension of ARN.

2. All Purchase and Switch Transactions including SIP/STP transactions received

through the stock exchange platform through a distributor whose ARN is
suspended shall be rejected.

In case of statutory/ legal attachments/ suspensions or litigations/ disputes at the

unitholders /investor’s end, the income distibution will compulsorily be reinvested,
and no payout shall be made during the said period, irrespective of the IDCW sub-
option selected.

Investor should note that for processing of redemption and related transactions in
Non-PAN exempt folios from time to time, it is mandatory to complete the KYC
requirements for all applicants/investors (including existing investors and joint
holders) and in case of folio of a minor investor, the KYC of the guardian is
mandatory irrespective of the amount of investment.

Accordingly, financial transactions (including Fresh Purchases, Additional

Purchases, Switch transactions, Redemption and all types of systematic plans) and
non-financial requests will not be processed if the applicants (including existing
investors and joint holders) and unitholders have not completed KYC
requirements.

Unitholders are advised to use the applicable KYC Form for completing the KYC
requirements and submit the form at the point of acceptance. Further, upon
updation of PAN/PEKRN details with the KRA (KRA-KYC)/CERSAI (CKYC),
the unitholders are requested to intimate TAMPL/ Registrar and Transfer Agent
i.e. Computer Age Management Services Limited (CAMS) their PAN information
along with the folio details for updation in our records.
subscription/redemption with AMC.
Accounts Statements On acceptance of application for financial transaction, a confirmation specifying the
number of Units allotted/redeemed will be sent by way of e-mail and/or SMS to the
applicant’s registered e-mail address and/or mobile number within five business days
from the date of transaction.

Tata Mutual Fund shall send first account statement for a new folio separately with all
details registered in the folio by way of a physical account statement and/or an e-mail
to the investor’s registered address/email address not later than five business days
from the date of subscription.
Tata Mutual Fund will send the Consolidated Account Statement (CAS) to
investors as follows:

1. A single Consolidated Account Statement (CAS) on basis of PAN (PAN of the

first holder & pattern of holding, in case of multiple holding) will be dispatched
to unitholders having Mutual Fund investments & holding Demat accounts by
Depositories as per the specified timeline specified by board at the end of the
month in which transaction (the word ‘transaction’ shall include all financial
transactions in demat accounts/Mutual Fund folios of the investor) takes place.

2. The CAS will not be received by the investors for the folio(s) not updated with
PAN details. The Unit holders are therefore requested to ensure that the folio(s)
are updated with their PAN. Such investors will get monthly account statement
from Tata Mutual Fund in respect of transactions carried out in the schemes of
Tata Mutual Fund during the month on or within fifteenth day of the succeeding
month.

3. In other cases i.e. where unitholders having no Demat account & only MF units
holding, Tata Mutual Fund shall continue to send the CAS as is being send on
or within fifteenth day of the succeeding month in which financial transaction
takes place.

4. In case statements are presently being dispatched by e-mail either by the Fund
or the Depository then CAS will be sent through email. However the
Unitholders have an option to receive CAS in physical form at the address
registered in the Depository system.

5. The dispatch of CAS by Depositories to Unitholders would constitute

compliance by Tata Asset Management Pvt Ltd / the Fund with the requirements
under Regulation 36(4) of SEBI (Mutual Funds) Regulations 1996.

6. Each CAS issued to the investors shall also provide the total purchase value /
cost of investment in each scheme.

7. In case if no transaction has taken place in a folio during the period of six
months ended September 30 and March 31, the CAS detailing the holdings
across all schemes of all mutual funds, shall be emailed on half yearly basis,
as per the specified timeline specified by board of succeeding month, unless
a specific request is made to receive the same in physical form.

8. Half-yearly CAS shall be issued to all Mutual Fund investors, excluding those
investors who do not have any holdings in MF schemes and where no
commission against their investment has been paid to distributors, during the
concerned half-year period on or within twenty first day of the succeeding
month. Further, CAS issued for the half-year(September/March) shall also
provide:

a. The amount of actual commission paid by Tata AMC/Mutual Fund to

distributors (in absolute terms) during the half-year period against the
concerned investor’s total investments in each mutual fund scheme. The
term “commission‟ here refers to all direct monetary payments and other
payments made in the form of gifts / rewards, trips, event sponsorships
etc. by Tata AMC/MF to distributors. Further, a mention may be made
in such CAS indicating that the commission disclosed is gross
commission and does not exclude costs incurred by distributors such as
Goods & Services Tax (wherever applicable, as per existing rates),
operating expenses, etc.
 b. The scheme’s average Total Expense Ratio (in percentage terms) along with the
break up between Investment and Advisory fees, Commission paid to the distributor
and Other expenses for the period for each scheme’s applicable plan (regular or direct
or both) where the concerned investor has actually invested in.

Dividend/ IDCW The payment of dividend to the unitholders shall be made within seven working days
from the record date. In case of failure to despatch income distribution cum capital
withdrawal proceeds within seven working days from the record date, the AMC shall
be liable to pay interest to the Unit Holders at such rate as may be specified by SEBI
for the period of such delay (presently @ 15% per annum). The above timelines are
subject to the list of exceptional circumstance as specified by SEBI or AMFI from
time to time.
Bank Mandate
It shall be mandatory for the Unitholders to mention their bank account numbers
in the applications/requests for redemptions. Unitholders are requested to give the
full particulars of their Bank Account i.e. nature and number of account, name,
Account Number, Nine digit MICR code No. (For Electronic Credit Facility),
IFSC code for NEFT a 11 digit number, branch address of the bank at the
appropriate space in the application form.
Uniform Procedure for Change of Bank Details (COB) and Change of Address
(COA)
In order to protect the interest of the investors and mitigate the risks arising due to
of increasingly fraudulent attempts by external elements by changing the address
and/or bank details of the genuine investor, uniform process for carrying out change
of bank and change of address is recommended by NISM committee.
Tata Mutual Fund (TMF) has adopted the following process for Change of Bank
Mandate (COB) and Change of Address (COA) in line with the AMFI circular
135/BP/17/10-11 dated October 22, 2010 and 135/BP/26/11-12 dated March 21,
2012.
A. Documents required for Change of Bank Mandate (COB )
1. Transaction slip/Request letter from investor
And
2. Proof of New Bank Mandate :
Original of any one of the following documents or originals should be
produced for verification or copy should be attested by the Bank:
• Cancelled original cheque of the new bank mandate with first unit holder
name and bank account number printed on the face of the cheque.
OR
• Self attested copy of not older than 3 months bank statement containing
the first unit holder name and bank account number
OR
• Bank passbook with current entries not older than 3 months containing
the first unit holder name and bank account number.
OR
• Original Bank Letter on the letter head containing the first unit holder
name and bank account number duly signed by branch
manager/authorized personnel with name, employee code and bank seal.
And
3. Proof of Existing Bank Mandate :
Original of any one of the following documents or copy should be
attested by the Bank or originals should be produced for verification:
• Cancelled original cheque with first unit holder name and bank account
number printed on the face of the cheque.
 OR
• Original bank account statement / Pass book containing the first unit
holder name and bank account number.
OR
• Original letter issued by the bank on the letter head confirming the bank
account holder name with the account details, duly signed by the Branch
Manager with name, employee code and bank seal.
OR
• In case such bank account is already closed, an original letter on the letter
head of such bank duly signed by the Branch Manager with name,
employee code and bank seal, confirming the closure of said account.
A. Documents required for Updation of Bank Mandate (pertains to the
period when bank details were not mandatory)
1. Transaction slip/Request letter from investor
and
2. Proof of New Bank Mandate
Original of any one of the following documents or originals should
be produced for verification or copy should be attested by the
Bank:
• Cancelled original cheque of the new bank mandate with first
unit holder name and bank account number printed on the
face of the cheque.
OR
• Self attested copy of not older than 3 months bank statement
containing the first unit holder name and bank account
number
OR
• Bank passbook with current entries not older than 3 months
containing the first unit holder name and bank account
number.
OR
• Original Bank Letter on the letter head containing the first
unit holder name and bank account number duly signed by
branch manager/authorized personnel with name, employee
code and bank seal.
And
3. Proof of Identity: Only PAN card copy if PAN is updated in the
folio, or PAN/ other proof of identity ((as per KYC guidelines) if
PAN is not updated in the folio.

Important Note:

Unitholders may note that minimum 10 days prior notice is required for
change/updation of bank account details.
In case prior notice for change of bank account details is not provided atleast 10
days prior to the date of redemption then the payment of redemption proceeds may
be paid out to the existing bank account. For unit holder where the units are held in
demat, please ensure that the bank account details linked with the demat account is
updated. Maturity payment would be made as per the bank account details as
provided by the Depository Participant
B. Documents required for Change of Address (COA)
KYC not complied Folios/Clients:
1. Transaction slip/Request letter from investor
 And
2. Proof of New Address (as per KYC guidelines)
And
3. Proof of Identity: Only PAN card copy if PAN is updated in the
folio, or PAN/ other proof of identity ((as per KYC guidelines) if
PAN is not updated in the folio.
Unitholders may note that copies of all the documents submitted should be self-
attested and accompanied by originals for verification. In case the original of any
document is not produced for verification, then the copies should be properly
attested / verified by entities authorized for attesting/verification of the documents
as per extant KYC guidelines.
II) Restriction on Acceptance of Third Party Payments for Subscription of
units of schemes of Tata Mutual Fund: In pursuance to Best Practice Guidelines
issued by Association of Mutual Funds in India [AMFI] Vide Circular
No.135/BP/16/10 dated August 16th 2010 for acceptance of Third party cheques,
Tata Asset Management Pvt Ltd has decided not to accept subscriptions with
Third-Party cheques, For details kindly refer Statement of Additional Information
(SAI).
Delay in payment of redemption / repurchase AMC will be liable to pay interest to the unitholders at rate as specified vide clause
proceeds/dividend 14.2 of SEBI Master Circular for Mutual Funds dated May 19, 2023 by SEBI
for the period of such delay, subject to exceptional circumstances as mentioned in this
document.

Income distribution cum capital withdrawal

In case of failure to dispatch income distribution cum capital withdrawal proceeds

within seven working days from the record date, the AMC shall be liable to pay
interest to the Unit Holders at such rate as may be specified by SEBI for the period of
such delay (presently @ 15% per annum).

Redemption

In case of failure to despatch redemption proceeds within three working days, the
AMC shall be liable to pay interest to the Unit Holders at such rate as may be
specified by SEBI for the period of such delay (presently @ 15% per annum).
Unclaimed Redemption and Income Treatment of Unclaimed dividend and redemption amounts
Distribution cum Capital Withdrawal Amount
In accordance with No provision 14.3 of SEBI Master Circular on Mutual Funds dated
May 19, 2023, the unclaimed Redemption amount and dividend amount may be
deployed by the Mutual Fund in call money market or money market Instruments as
well as in a separate plan or liquid scheme/money market mutual fund scheme floated
by mutual funds. Investors who claim these amounts during a period of three years
from the due date shall be paid initial unclaimed amount along with the income earned
on its deployment. Investors who claim these amounts after 3 years, shall be paid
initial unclaimed amount along with the income earned on its deployment till the end
of the third year. After the third year, the income earned on such unclaimed amounts
shall be used for the purpose of investor education. AMC will play a proactive role in
tracing the rightful owner of the unclaimed amounts considering the steps suggested
by regulator vide the referred circular. Further, AMC will not charge any exit load in
this plan and TER (Total Expense Ratio) of such plan shall be capped at 50 bps.

Disclosure w.r.t investment by minors Uniform process shall be applicable for investments made in the name of
minor through a guardian:
In case of application in the name of minor, the minor has to be the first and the
sole holder. No joint holder will be allowed with the Minor as the first or sole
holder. The Guardian of the minor should either be a natural guardian (i.e., father
or mother) or a court appointed legal guardian. A copy of birth certificate,
passport copy, etc. evidencing date of birth of the minor and relationship of the
guardian with the minor, should be mandatorily attached with the application.

i.AMC will follow uniform process ‘in respect of investments made in the name
of a minor through a guardian’ by provision no. 17.6 of SEBI Master Circular
on Mutual Fund dated May 19, 2023. Further, according to the SEBI circular no.
HO/IMD/POD-II/CIR/P/2023/0069 dated May 12, 2023, payment for
investment by any mode shall be accepted from the bank account of the minor,
 parent or legal guardian of the minor, or from a joint account of the minor with
parent or legal guardian. For existing folios, the AMCs shall insist upon a
Change of Pay-out Bank mandate before redemption is processed. Irrespective
of the source of payment for subscription, all redemption proceeds shall be
credited only in the verified bank account of the minor i.e., the account the minor
may hold with the parent/legal guardian after completing all KYC formalities.

ii.Upon the minor attaining the status of major/attaining 18 years of age, the minor
in whose name the investment was made, shall be required to complete the
CKYC process and provide PAN, all the KYC details, FATCA details, updated
bank account details including cancelled original cheque leaf with the name of
major printed over it and by filling up a prescribed attaining Major status
available on our website. No further transactions shall be allowed till the status
of the minor is changed to major.

iii.Any instructions registered for Systematic Investment Plan (SIP), Systematic

Transfer Plan (STP), Systematic Withdrawal Plan (SWP) etc. shall be suspended
when the minor attains majority, till the status is changed to major.

iv.The major may update Nomination in favour of an individual.

Restriction on Acceptance of Third-Party Payments for Subscription of

units of schemes:

Application with third party cheque / third party bank account will be rejected
except following which allowed under extant regulations / AMFI Guidelines.

(a) Payment by Employer on behalf of employee through Payroll deductions.

Or deductions out of the expense reimbursements or in lieu of other payments.,
AMC shall take extra due diligence in terms of ensuring the authenticity of such
arrangements from a fraud prevention & KYC perspective.

Note:
Association of Mutual Funds in India [AMFI] vide its Best Practice Guidelines
no 135/BP/23/2011-12 dated 29th April 2011 has clarified that payment made
by a guardian whose name is registered in the records of Mutual Fund in that
folio will not be treated as a Third-Party Payment.

Other Scheme related disclosures:

Ongoing Offer Period

Being existing open ended schemes, subscription / redemption a facility is provided on all business
days .Units of the schemes are now offered at NAV based price.
This is the date from which the scheme will reopen
for subscriptions/redemptions after the closure of Tata ELSS Tax Saver Fund was launched as a close ended Scheme on 20 th December, 1995. The
the NFO period. New Fund Offer Period ended on 31st March, 1996 and a sum Rs. 12.95 Crores were collected. Based
on the Notification dated 22nd December, 1998 by the Ministry of Finance, Department of Economic
Affairs, (Capital Market Division), Government of India, the Trustee Company has been permitted
to operate the Scheme as an open-ended Scheme with the prior approval of SEBI. Accordingly, the
Trustee Company has converted the Tata ELSS Tax Saver Fund into an open ended Scheme with
effect from 1st April, 1999 and the offer is being made for subscription of Units on an ongoing basis.
Units allotted under this scheme cannot be repurchased, switched during the lock-in period of three
years from the date of allotment. Tata Tax Saving Fund was renamed as Tata Long Term Equity
Fund w.e.f 10.8.2015 and again has been renamed as Tata ELSS Tax Saver Fund wef 21.12.2015.
Ongoing price for subscription (purchase)/switch-in At the applicable NAV.
(from other schemes/plans of the mutual fund) by
investors.

This is the price you need to pay for

purchase/switch-in.
Ongoing price for redemption (sale) / repurchase /
At the applicable NAV subject to prevailing exit load, if any.
switch outs (to other schemes/plans of the Mutual
Fund) by investors. Repurchase/ Resale is at Net Asset Value (NAV) related prices with repurchase/ resale loads as
applicable (within limits) as specified under SEBI Regulations 1996, While determining the price of
 the units, the fund will ensure that the repurchase price is not lower than 95 per cent of the Net Asset
This is the price you will receive for Value.
redemptions/switch outs. The Trustee Company may however, from time to time review and modify the repurchase load for
Example: If the applicable NAV is Rs. 10, exit load each choice of investment. The Units if partially repurchased would be subtracted from the Unit
is 2% then redemption price will be: balance of that Unitholder on “First In First Out” basis i.e. the Units that were offered / allotted first
Rs. 10* (1-0.02) = Rs. 9.80 would be the first to be repurchased. In case amount is withdrawn, the same will be converted into
Units at the applicable Repurchase price / NAV related price and the number of Units so arrived at
will be subtracted from the Unit balance of that Unitholder on “First In First Out” basis. The
repurchase would be permitted to the extent of credit balance in the Unitholder’s account.
The repurchase cheque will be issued in the name of the first unitholder. Under normal
circumstances, the Fund will ensure that the repurchase cheques are despatched within three working
days from the date of redemption or repurchase. In the event of partial repurchase, the Fund shall
despatch the revised Account Statement by suitable mode as deicded by AMC from time to time for
the balance number of Units still being held by the Unitholder along with the repurchase cheque.
Credit balances in the account of a Non- Resident Unitholder on maturity or otherwise, (where RBI
final approval and any other approval (if any required) has been obtained) may be repurchased by
the Fund by such Unitholder in accordance with the procedure described above and also subject to
any procedures laid down by RBI and any other agency. Such repurchase proceeds will be paid by
means of a Rupee cheque payable to the NRE/ NRO account of the Unitholder or subject to RBI
procedures and approvals, such payment in Indian Rupees will be converted into US Dollars or into
any other currency, as may be permitted by RBI, at the rate of exchange prevailing at the time of
remittance and will be despatched at the applicants’ risk, or at the request of the applicants’ will be
credited to their NRE/ NRO Accounts, details of which are to be furnished in the space provided for
this purpose in the Repurchase Form. The Fund will not be liable for any delays or for any loss on
account of exchange fluctuations, while converting the rupee amount in US Dollar or any other
currency. The Fund (if required) may also make arrangements to obtain RBI approvals on a case-
by-case basis on behalf o the Unitholder, subject to the Unitholder providing the Fund with the
necessary documents required.
Special Products available a) Systematic Investment Plan (SIP)
The investors can benefit by investing specified Rupees amounts at regular intervals. The SIP allows
the unitholders to invest a fixed amount of Rupees at regular intervals for purchasing additional units
of the fund at NAV based prices. Investment can be done with the minimum / maximum amount and
number of cheques specified by AMC from time to time. The cheques will be presented on the dates
mentioned on the cheque and subject to realization. Units will be allotted at the applicable NAV
along with applicable load (if any).
“SIP facility is available subject to terms and conditions. Please refer to the SIP Enrolment form for
terms and conditions before enrolment.”

b)SIP with Top-up SIP facility:

SIP with Top-up SIP is a facility whereby an investor has an option to increase the amount of the
SIP Installment by a fixed amount at pre-defined intervals. This will enhance the flexibility of the
investor to invest higher amounts during the tenure of the SIP.
Terms and conditions of top-up SIP are as follows:
i. The Top-up option must be specified by the investors while enrolling for the SIP facility.
ii. The minimum SIP Top-up amount is Rs. 500 and in multiples of Rs. 500.
iii. The Top-up details cannot be modified once enrolled. In order to make any changes, the
investor must cancel the existing SIP and enroll for a fresh SIP with Top-up option.
iv. Under monthly SIP investors can opt for top up amount at half-yearly and yearly intervals. If
the investor does not specify the frequency, the default interval for Top-up will be considered as
Yearly.
v. In case of Quarterly SIP, investors can opt for only Yearly interval top-up frequency.

For complete details regarding the SIP with top-up facility please refer to SIP Auto Debt Form
with Top up facility enrollment form.

d)Systematic Withdrawal Plan (SWP)

This facility available to the unitholders of the fund enables them to redeem fixed sums or fixed
number of units from their unit accounts at periodic intervals. The amount withdrawn under SWP
by redemption shall be converted into the Fund units at the Repurchase price and such units will be
subtracted from the unit balance of that unitholder. In case the date falls during a book closure period
the immediate next Business day will be considered for this purpose.
The Authorised Investor Service Center may terminate SWP on receipt of a notice from the
unitholder. It will terminate automatically if all units are liquidated or withdrawn from the account
or upon the receipt of notification of death or incapacity of the unitholder.
“SWP facility is available subject to terms and conditions. Please refer to the SWP Enrolment form
for terms and conditions before enrolment.”
e) Systematic Transfer Plan (STP)
A unitholder may establish a Systematic Transfer Plan (STP) and choose to transfer on a monthly or
a quarterly basis from one TMF Scheme to another TMF Scheme on a date prescribed by the
Investment Manager. The amount thus withdrawn by redemption shall be converted into units at the
applicable NAV on the scheduled day and such units will be subtracted from the unit balance of that
unitholder. Unitholders may change the amount, not below the specified minimum, by giving two
weeks prior written notice to the registrars. STP may be terminated automatically if the balance falls
below the minimum account balance or upon the receipt of notification of death or incapacity of the
unitholders by the fund. Rules relating to the plan may be changed from time to time by the
Investment Manager.

“STP facility is available subject to terms and conditions. Please refer to the STP Enrolment form
for terms and conditions before enrolment.”
Please note that in case of Tata ELSS Tax Saver Fund, STP & SWP facilities, as mentioned
above, shall be available only after expiry of Lock in period i.e. 3 years from the date of
allotment.

f) Flex STP

Flexible Systematic Transfer Plan (“Flex STP”) by Tata Mutual Fund is a facility wherein a
Unitholder(s) of designated open-ended Scheme(s) can opt to transfer variable amounts linked to the
value of his investments on the date of transfer at pre-determined intervals from designated open-
ended (source scheme) to the growth option of another open-ended scheme (target scheme).

Salient Features of Flex STP are as follows:

1. The amount to be transferred under Flex STP from source scheme to target scheme shall be
calculated using the below formula:

Flex STP amount = [(fixed amount to be transferred per instalment x number of instalments already
executed, including the current instalment) - market value of the investments through Flex STP in
the Transferee Scheme on the date of transfer]

2. The first Flex STP instalment will be processed for the fixed instalment amount specified by the
investor at the time of enrolment. From the second Flex STP instalment onwards, the transfer amount
shall be computed as per formula stated above.

3. Under “Flex STP” facility, Tata ELSS Tax Saver Fund is enabled as Source(post lock-in-period)
as well as Target Scheme.

4. Flex STP would be available for Quarterly, Monthly, Weekly and Daily frequencies.

5. Flex STP is not available from “Daily / Weekly” income distribution plans of the source schemes.

6. Flex STP is available only in “Growth” option of the target scheme.

7. Conversion to Normal STP: If there is any other financial transaction (purchase, redemption or
switch) processed in the target scheme during the tenure of Flex STP, the Flex STP will be processed
as normal STP for the rest of the instalments for a fixed amount.

8. Flex STP will stop/cease on occurrence of any of the following event whichever is earlier.

a. Flex STP will cease after the specified End Date / Specified number of instalments
have been transferred.

b. In case the amount (as per the formula) to be transferred is not available in the
source scheme in the investor's folio, the residual amount will be transferred to the
target scheme and Flex STP will be closed.

9. A single Flex STP enrolment Form can be filled for transfer into one Scheme/Plan/Option only.

10. In case the date of transfer falls on a Non-Business Day, then the immediate following Business
Day will be considered for the purpose of determining the applicability of NAV.
 11. The request for Flex STP should be submitted at least 10 calendar days before the first STP date.

12. All other terms & conditions of Systematic Transfer Plan are also applicable to Flex STP.

Flex STP is a Systematic Withdrawal Plan (SWP) from Source Scheme and Systematic Investment
Plan (SIP) in the Target scheme, therefore in the source scheme the exit load for the units will be as
per the load structure applicable at the time of the purchase of those units. In the Target scheme the
load structure will be as per the prevailing exit Load structure applicable for the SIP for that scheme.

Systematic Transfer from one scheme to another scheme attracts capital gain tax depends on the
periodicity of holding. In view of the individual nature of tax implications, each unit holder is advised
to consult with his or her own tax advisors with respect to the specific tax and other implications
arising out of the transactions.

The AMC reserves the right to withdraw/change/modify the terms and conditions of Flex STP. The
above terms and conditions may be modified at any time without prior notice to the unitholders and
such amended terms and conditions will thereupon apply to and be binding on the unitholders.

For detail terms & conditions, unitholders are requested to check KIM cum application form
of the scheme.
For further details on Special Products/ Terms & Condition, please refer KIM/Application form

Facility for purchasing of the units of the scheme through order routing platform on BSE
and NSE.

Tata ELSS Tax Saver Fund is considered as an eligible Source scheme (post lock in) and
eligible target scheme for ‘Flex STP’ facility.

The scheme will be admitted on the order routing platform of Bombay Stock Exchange Limited
("BSE") and National Stock Exchange of India Limited ("NSE"). Under this facility investors can
submit the application for subscription and redemption of units of the scheme though the Stock
Exchange platform. The introduction of this facility is pursuant to guidelines issued by provision
16.2 of SEBI Master Circular on Mutual Funds dated May 19, 2023and the Stock Exchanges viz.
BSE & NSE.
For further details on Special Products/ Terms & Condition, please refer KIM/Application
form

Transactions through online facilities / electronic Investor can transact through online facilities /electronic modes in Tata Mutual Fund Scheme. The
modes time of transaction done through various online facilities / electronic modes offered by the AMC,
for the purpose of determining the applicability of NAV, would be the time when the request for
purchase / sale / switch of units is received in the servers of AMC/RTA.

In case of transactions through online facilities / electronic modes, the movement of funds from the
investors’ bank account to the Scheme’s bank account may happen via the Intermediary / Aggregator
service provider through a Nodal bank account and post reconciliation of fund. The process of
movement of funds from the investors’ bank account into the Scheme’s Bank account in case of
online transaction is governed by Reserve Bank of India(RBI)vide their circular Ref. RBI/2009-
10/231 DPSS.CO.PD.No.1102/02.14.08/2009-10 dated 24th November, 2009. The process followed
by the aggregator and the time lines within which the Funds are credited into the Scheme’s bank
account is within the time lines provided by RBI which is T+3 settlement cycle / business days,
where T is the date of Transaction / day of intimation regarding completion of transaction. The nodal
bank account as stated above is an internal account of the bank and such accounts are not maintained
or operated by the intermediary / aggregator or by the Mutual Fund.
While the movement of Funds out of the investors’ Bank account may have happened on T day,
however post reconciliation and as per statutory norms, the allotment can happen only on availability
of Funds for utilization by the AMC/MF and accordingly the transaction will processed as per the
applicable NAV based on availability of funds for utilization. This lag may impact the applicability
of NAV for transactions where NAV is to be applied, based on actual realization of funds by the
Scheme. Under no circumstances will Tata Asset Management Private Limited or its bankers or its
service providers be liable for any lag / delay in realization of funds and consequent pricing of units.
The AMC has the right to amend cut off timings subject to SEBI (MF) Regulations for the smooth
and efficient functioning of the Scheme(s).
Official Points of Acceptance of Transaction
through MF utility & MF Central Tata Mutual Fund has entered into an agreement with MF Utilities India Private Limited (“MFUI”),
a “Category II -Registrar to an Issue” under SEBI (Registrars to an Issue and Share Transfer Agents)
Regulations, 1993, for usage of MF Utility (“MFU”) - a shared services initiative of various asset
management companies, which acts as a transaction aggregator for transacting in multiple scheme
of various mutual funds with a single form and a single payment instrument. Accordingly, all the
 authorized Point of Sales(POS) and website/mobile application of MFUI (available currently and
also updated from time to time) shall be eligible to be considered as ‘official points of acceptance’
for all financial and non-financial transactions in the scheme of Tata Mutual Fund either physically
or electronically. The list of POS of MFUI is published on the website of MFUI at
www.mfuindia.com.

Applicability of NAV shall be based on time stamping as evidenced by confirmation slip given by
POS ofMFUI and also the realization of funds in the Bank account of Tata Mutual Fund (and NOT
the time ofrealization of funds in the Bank account of MFUI) within the applicable cut-off timing.
The Uniform Cut -off time as prescribed by SEBI and mentioned in the SID / KIM shall be applicable
for applications receivedthrough such facilities.

Investors are requested to note that MFUI will allot a Common Account Number (“CAN”) i.e. a
single reference number for all investments in the mutual fund industry for transacting in multiple
scheme of various mutual funds through MFU and to map existing folios, if any. Investors can create
a CAN by submitting the CAN Registration Form and necessary documents at the POS. The AMC
and/or its Registrar and Transfer Agent shall provide necessary details to MFUI as may be needed
for providing the required services to investors/distributors through MFU. Investors are requested to
visit the website of MFUI i.e. www.mfuindia.com to download the relevant forms.

For any queries or clarifications related to MFU, please contact the Customer Care of MFUI on
1800-266-1415 (during the business hours on all days except Sunday and public holidays) or send
an email [email protected].
Based on the provision 16.6 of SEBI Master Circular on Mutual Funds dated May 19, 2023,, to
comply with the requirements of RTA inter-operable Platform for enhancing investors’ experience
in Mutual Fund transactions / service requests, the QRTA’s, Kfin Technologies Private Limited and
Computer Age Management Services Limited (CAMS) have jointly developed MFCentral - A
digital platform for Mutual Fund investors. MF Central is created with an intent to be a one stop
portal / mobile app for all Mutual fund investments and service related needs that significantly
reduces the need for submission of physical documents by enabling various digital / physical services
to Mutual fund investors across fund houses subject to applicable T&Cs of the Platform. MF Central
will be enabling various features and services in a phased manner. MFCentral may be accessed using
https://mfcentral.com/ and on the Mobile App. With a view to comply with all provisions of the
aforesaid circular and to increase digital penetration of Mutual funds, Tata Mutual Fund designates
MFCentral as its Official point of acceptance (DISC -Designated Investor Service Centre) w.e.f.
23rd September 2021. Any registered user of MFCentral, requiring submission of physical document
as per the requirements of MFCentral and Tata Asset Management Private Ltd, may do so at any of
the designated Investor Service centres or collection centres of Kfintech or CAMS.
Tata Mutual Fund has signed an agreement with BSE & NSE for allowing transactions in the
Facility for purchasing of units of the scheme Scheme through stock exchange platform.
through order routing platform on BSE and NSE
The schemes are admitted on the order routing platform of Bombay Stock Exchange Limited
("BSE") and National Stock Exchange of India Limited ("NSE"). Under this facility investors can
submit the application for subscription and redemption of units of the scheme though the Stock
Exchange platform. The introduction of this facility is pursuant to guidelines issued by provision
16.2 of SEBI Master Circular on Mutual Funds dated May 19, 2023 and the Stock Exchanges viz.
BSE & NSE.

For further details on Special Products/ Terms & Condition, please refer KIM/Application form.
Tata Asset Management Private Limited (TAMPL) / Tata Mutual Fund (TMF) is offering a facility
Additional communication channel for to the unitholder/ investors to
transaction alerts and confirmations for financial receive transaction alerts and confirmations for financial and/ or non-financial transactions and other
and/or non-financial transactions and other services on
services “WhatsApp” which is enabled on the mobile numbers of unitholders registered in Tata Mutual Fund
folios.

To receive such information/messages on WhatsApp, the unitholder / investor needs to provide

their consent or “Opt
In” and agree to receive various messages or other services. Investors can provide this ‘opt in’ on
online mode and
through physical modes like application form, through SMS etc.

The Terms and conditions for using the facility:

• The user agrees to subscribe to the WhatsApp service & promotional alerts from TAMPL/TMF.

• The user can unsubscribe to the channel at any time by sending an email to us at
[email protected].
 • This channel cannot be used for grievance redressal or reporting fraud as of now, TAMPL/TMF
will have no liability
if any such incidents are reported on this channel.

• It is advisable for customers who have subscribed to this service to delete WhatsApp when
changing their device.

• Customers shall not submit or transmit any content through this service which:

o Is Obscene, Vulgar, Pornographic, Political, Religious, etc.

o Encourages the commission of a crime or violation of any law Violates any state or Central law
in India and/or the jurisdiction in which he resides and/or any applicable law.

o Infringes the intellectual or copyrights of a third party.

• Under no circumstances shall TAMPL/TMF, or its agents, affiliated companies, officers, directors,
employees, and
contractors be liable for any direct, indirect, punitive, incidental, special, or consequential damages
that result from the use of, or inability to use, this service or for receipt of any answer provided by
the program running at the back-end.

• The customer understands that using WhatsApp application may carry extra risks and may not be
secured. Further any message and information exchanged is subject to the risk of being read,
interrupted, intercepted, or defrauded by third party or otherwise subject to manipulation by third
party or involve delay in transmission.

• TAMPL/TMF shall not be responsible or liable to the customer or any third party for the
consequences arising out of or in connection with using of this service.

• The customer is responsible for keeping security safeguard of his WhatsApp account linked to
the registered mobile number.

• TAMPL/TMF has the right to retract the service anytime it deems fit.

• The customer agrees that he shall not have any claim against TAMPL/TMF on account of any
suspension, interruption, non-availability or malfunctioning of the service due to any
link/mobile/system failure at TAMPL/TMF’s end for any reason thereof.

• These terms and conditions may be withdrawn/ superseded/ modified at any time whatsoever, by
TAMPL/TMF without any prior notice.

Cash Investments Cash Investments in the Scheme Pursuant to provision 16.7 of SEBI Master Circular on Mutual
Funds dated May 19, 2023, it is permitted to accept cash transactions to the extent of Rs. 50,000/-
subject to compliance with Prevention of Money Laundering Act, 2002 and Rules framed there under
and the SEBI Circular(s) on Anti Money Laundering (AML) and other applicable AML rules,
regulations and guidelines. Provided that the limit shall be applicable per investor for investments
done in a financial year across all scheme of the Mutual Fund, subject to sufficient systems and
procedures in place for such acceptance. However any form of repayment either by way of
redemption, income distribution, etc. with respect to such cash investment shall be paid only through
banking channel.
Tata Asset Management Private Limited is in process of implementing adequate systems and
controls to accept Cash Investment in the Scheme. Information in this regard will be provided to
Investors as and when the facility is made available
Maximum amount for redemption and switch-outs There is no upper limit of redemption. However, this is subject to the following:

i) The repurchase would be permitted to the extent of credit balance in the Unit
holder’s account.

ii) The Asset Management Company (AMC) may, in the general interest of the all
Unit holders of the Scheme, keeping in view the unforeseen circumstances/unsure
conditions, limit the total number of Units which may be redeemed on any
Business Day. Restrictions may be imposed under the following circumstances
that leads to a systemic crisis or event that severely constricts market liquidity or
the efficient functioning of markets. a) Liquidity issues - When markets at large
becomes illiquid affecting almost all securities rather than any issuer specific
security. b) Market failures, exchange closures - When markets are affected by
unexpected events which impact the functioning of exchanges or the regular course
 of transactions. Such unexpected events could also be related to political,
economic, military, monetary or other emergencies. c) Operational issues - When
exceptional circumstances are caused by force majeure, unpredictable operational
problems and technical failures (e.g. a black out). Under the aforesaid
circumstances, the AMC / Trustee may restrict redemption for a specified period
of time not exceeding 10 working days in any 90 days period. Any imposition of
restriction on redemption / switch of units would require specific approval of
Board of AMCs and Trustees and the same should be informed to SEBI
immediately. Unitholders should note that the following provisions shall be
applicable when redemption requests are placed during such restricted period. i)
No redemption requests upto Rs. 2 lakh shall be subject to such restriction and ii)
Where redemption requests are above Rs. 2 lakh, AMCs shall redeem the first Rs.
2 lakh without such restriction and remaining part over and above Rs. 2 lakh shall
be subject to such restriction.

Minimum balance to be maintained and Currently there is no minimum balance requirement

consequences of non maintenance.
JUST SMS Facility enables the unitholders to
• Subscription of units of the scheme for amounts less than Rs 2 lacs.
• Redemption of units in the scheme (any amount/All Units).
JUST SMS Facility
• Switch out from the scheme (any amount/All Units).
This facility is currently available for existing investors (resident individuals only including
guardian on behalf of minor) however new investor can avail this facility after opening a folio in
the scheme.

Process Note:

1. Subscription transaction request can be accepted in “Amounts” only and Switch and
Redemption transaction requests can be accepted in “Amounts/Units” , however the
request for Unit based redemption/switches can be given for “ALL” units and not part
thereof. The minimum subscriptions / redemption / Switch amount in the respective
scheme/(s) will be applicable for each transaction. The load structure prevailing at the
time of the purchase transaction will be applicable.
2. Mobile Number Registration: Unitholder(s) of the Fund will have to register a mobile
number registered in India in their folio for availing this Facility. The mobile number
provided in the debit mandate shall be updated in the folio for which the Facility is
required. Additionally it will be registered in all the folios (if the same is not already
available) where the First/Sole unit holder PAN number is same as the First/Sole unit
holder PAN in the application, the updation of the mobile number will be only for purpose
of database enhancement for all communication purposes. To avail this facility, only one
mobile number will be registered with one folio number.
3. Unitholder(s) of the Fund can start transacting, using this Facility only after successful
registration of the Debit Mandate with their bankers and receipt of confirmation from the
AMC. The process of registering the bank mandate with the banker may take upto 30
days.
4. Unit holder(s) need to provide Original cancelled cheque of the same bank account
registered in the registration form with the unit holder’s name printed on the face of the
cheque. In case an investor is not able to submit the Original cancelled cheque or do not
have the name of the investor on the face of the cheque. Then the investor needs to
submit:
a. Copy of the bank passbook attested by bank / Original bank statement with
name address and bank account number of the investor.
b. A letter from the bank on its letter head certifying that the investor maintains
an account with the bank, along with the information like the bank account
number, bank branch, account type, the MICR code of the branch and the
IFSC code.
c. Get the bankers attestation in the face of the form in the section BANKER’S
Attestation (For BANK Use only)
d. If these supporting documents are not provided the registration may not be
accepted. The Unit holder(s) cheque/ bank account details are subject to third
party verification.
5. Transaction Charge: In accordance with provision 10.5 of SEBI Master Circular on
 Mutual Funds dated May 19, 2023,, TAMPL/TMF will deduct Transaction Charges from
the purchase/ subscription amount received from the investors investing through a valid
ARN Holder i.e. AMFI registered Distributor (provided the Distributor has opted to
receive the Transaction Charges). Transaction Charge of Rs. 100 (for investor other than
first time mutual fund investor) per purchase / subscription of Rs. 10,000 and above are
deductible from the purchase / subscription amount and payable to the Distributor. The
balance amount shall be invested.
The transaction charges would be deducted only in respect of those transactions where
the concern distributor has opted for opt in for levying transaction charge. In
case distributor has chosen ’Opt Out’ of charging the transaction charge, no transaction
charge would be deducted from transactions registered. It may further be noted that
distributors shall have also the option to either opt in or opt out of levying transaction
charge based on type of the product.

6. In case the mode of holding of the folio is ‘Joint’ and the Debit Mandate is duly signed
by all the joint holder(s), it will be deemed to be an express instruction to the AMC (Tata
Asset Management Pvt Ltd) / RTA (Computer Age Management Service Ltd),to keep
the mode of holding to ‘Anyone or Survivor’ for availing this Facility only, so that this
facility is available to the first named holder only. In case the unit holder is a “minor”,
the legal /natural guardian shall be eligible to avail of this Facility till the minor attains
majority. As such legal/natural guardian may make payments from the minor’s respective
bank account (or in accordance with the exceptions provided for third party payments)
and the same shall be recognized by the AMC as valid payment as per the SEBI Mutual
Fund Regulations.
7. The Purchase Facility is currently available to the investors with the bank account with
following bank branches:
a) All bank branches participating in Reserve Bank of India (RBI) Electronic Clearing
System (ECS)/Regional Electronic Clearing System (RECS) facility.
b) Core Banking branches of the following Banks: Allahabad Bank, Axis Bank, Bank
Of Baroda, Citibank, Corporation Bank, HDFC Bank, Federal Bank, ICICI Bank,
IDBI Bank, Karnataka Bank, Punjab National Bank, State Bank of India, Union
Bank of India, United Bank of India.

Please note that the list of the banks and branches may be modified/updated/
changed/deleted from time to time in future at the sole discretion of the AMC without
assigning any reason or prior notice. You may kindly refer the AMC web site
www.tatamutualfund.com for the latest list of locations/banks.
8. Some banks and branches may levy charges for mandate registration and / or transactions
to their bank account holders, which will be borne by the account holder only and will
not be borne /reimbursed by the AMC or the Fund.
9. Unit holder(s) hereby confirms, acknowledges and undertakes to make payments for
subscription of units from their respective bank account(s) in compliance with applicable
provisions relating to third party payments detailed in the SID / SAI and that the payment
will be through legitimate sources only.
10. The responsibility of the bank account information provided in the Debit Mandate or any
other application form for this Facility solely rests with the Unit holder(s) and the AMC
/ Fund / RTA will not be responsible or liable for any loss, claims, liability that may arise
on account of any incorrect and / or erroneous data / information supplied by the Unit
holder(s).
11. It will be the sole responsibility of the unit holder(s) bank and its branch to ensure proper
registration of the Debit Mandate and confirm registration. If no confirmation of
registration or rejection is received from the banker, the AMC/RTA/it’s agents will deem
the same to be registered and confirm the registration to Unit holder(s) entirely at the risk
of Unit holder(s).
12. The Unit holder(s) shall ensure availability of clear funds in their respective bank
account, as specified in the Debit Mandate, at the time of requesting a Transaction using
the Facility and at the time of bank account being debited
13. The bank account of the customer may be debited towards purchases either on the same
day of transaction or within one to seven business days depending on ECS cycle. The
 AMC / RTA shall attempt to settle the transaction and debit the bank account by
requesting the registered bank for release of funds as per direct debit arrangement or
standing instruction or RBI ECS (Debit) facility generally within a period of one to seven
working days for bank. However, in case of non- receipt of the funds, for whatsoever
reasons, the transaction shall stand cancelled/ null and void and the units allotted, if any
would be reversed and stands cancelled.
14. The request for transaction is to be considered as accepted, subject to realization of funds
towards purchases, and only on receipt of the confirmation from RTA on the registered
mobile number or email id of the Unit holder(s) of the Fund.
15. The applicable NAV for the transaction will be dependent upon the time of receipt of the
SMS into Computer Age Management Service Ltd, Registrar & Transfer Agent of the
Fund, (‘RTA’) server, electronically time-stamped and other factors like scheme, type of
transaction, amount, date of realization of funds under SEBI regulations and will be
treated on par with similar transactions received through other modes. For the purpose of
this Facility, such RTA office centre would be considered as an Official Point of
Acceptance of the transaction.
16. Any transaction request on a Non-Business Day will be processed on the next Business
Day in accordance with the provisions provided in the Scheme Information Document
(‘SID’) of the respective scheme.
17. If the transaction is delayed or not effected at all for reasons of incomplete or incorrect
information/key word or due to non-receipt of the SMS message by the RTA or due to
late receipt of SMS due to mobile network congestions or due to any reason whatsoever,
the Unit holder(s) will not hold the Fund, AMC and the RTA responsible for the same.
18. In case of non-receipt of confirmation from RTA within a reasonable time (around one
hour), Unit holder(s) are advised to immediately call up the call centre on toll free no.
022-62827777 to confirm the status of the transaction request. In case of receipt of
multiple confirmations from the RTA against a single transaction request, the same needs
to be brought to the immediate attention of RTA and the AMC by calling up the call
centre on toll free no. 022-62827777.
19. The Unit holder(s) availing the Facility shall check his / her bank account records
carefully and promptly. If the Unit holder(s) believes that there has been an error in any
transaction using the Facility, or that an unauthorized transaction has been effected, the
Unit holder(s) shall notify the AMC or the RTA immediately by calling up the call centre
on toll free no. 022-62827777.For faster dissemination of information, Unitholders are
requested to provide their E-mail IDs. Delivering service through the internet & web-
based services such as e-mail is a more efficient delivery channel. Annual report, Account
statements & other communication will be sent via email, by default, to investors who
have provided their email ID, unless specified otherwise. The Investor shall from time to
time intimate the Mutual Fund / its transfer agents about any changes in the email address.
In case of a large document, a suitable link would be provided & investor can download,
save & print these documents. However, the investor always has a right to demand a
physical copy of any or all the service deliverables, & the Fund would arrange to send
the same to the investor. It is deemed that the Unitholder is aware of all the security risks
associated with online communication, including the possibility of third party
interception of the documents sent via email. Mutual Fund / registrar shall not be
responsible for e-mail not reaching to the investors and for all consequences thereof.
20. Unitholder(s) of the Fund agrees and acknowledges that any transaction, undertaken
using the registered mobile number shall be deemed to be that of the Unitholder(s).
21. Unit holder(s) will also need to inform the AMC/RTA about any change in their bank
account number, mobile number or email id through a duly signed written request in the
specified format and supporting documents.
22. The Unit holder(s) agree that the Fund/AMC / RTA and their agents shall not be held
liable for any unsuccessful registration and or transaction due to any action or inaction of
the Unit holder(s) bank including but not limited to reasons mentioned below and agree
to indemnify the Fund/AMC/RTA for all liabilities, losses, damages and expenses which
they may consequent sustain or incur either directly or indirectly:
a) Loss of the Debit Mandate in transit from point of acceptance of the form to RTA
head office and further to the Unit holder(s)’ bank branch;
 b) Non acceptance or rejection of Debit Mandate for whatsoever reason by the Unit
holder(s)’ bank branch, with or without any reason assigned by the Unit holder(s)
bank;
c) Non registration of the Debit Mandate by the Unit holder(s)’ bank and
branch;
d) Deemed registration due to non confirmation of registration or subsequent
rejection by the bank and any subsequent rejection of debit of bank account for
funds;
e) Non availability of funds in the bank account of the Unit holder(s) at the time of
debit. Rejection of registration or transaction debit for any reason or without
assigning any reason whatsoever.

Employee Unique Identification Number (EUIN): Further, SEBI has made it compulsory for every
employee/ relationship manager/ sales person of the distributor of mutual fund products to quote the
EUIN obtained by him/her from AMFI in the Application Form. EUIN would assist in addressing
any instance of mis-selling even if the employee/relationship manager/sales person later leaves the
employment of the distributor. Hence, if your investments are routed through a distributor please
ensure that the EUIN is correctly filled up in the Registration Form. However, if your distributor has
not given you any advice pertaining to the investment, the EUIN box may be left blank. In this case
you are required to tick ( ) the declaration to this effect as given in the form.

The investment made in the scheme by the unitholder will be acknowledged by the Fund by issue of
Evidence of Investment
statement of account.
III. Other Details

A. In case of Fund of Funds Scheme, Details of Benchmark, Investment Objective, Investment Strategy, TER, AUM, Year wise performance, Top
10 Holding/ link to Top 10 holding of the underlying fund should be provided

Not Applicable, as the scheme is not a Fund of Fund Scheme.

B. Periodic Disclosures such as Half yearly disclosures, half yearly results, annual report

Portfolio Disclosures / Portfolio Disclosure:

Half Yearly Financial
Tata Mutual Fund shall disclose portfolio (along with ISIN) in user friendly and downloadable spreadsheet format, as on the last
Results
day of the month/half year for all their schemes on its website www.tatamutualfund.com and on the website of AMFI
www.amfiindia.com within 10 days from the close of each month/half year.

This is a list of securities In case of unitholders whose email addresses are registered, Tata Mutual Fund will send via email both the monthly and half yearly
where the corpus of the statement of scheme portfolio within 10 days from the close of each month /half year respectively.
scheme is currently
invested. The market Tata Mutual Fund will publish an advertisement every half-year, in the all India edition of at least two daily newspapers, one each
value of these in English and Hindi, disclosing the hosting of the half yearly statement of the schemes portfolio on the AMC’s website
investments is also www.tatamutualfund.com and on the website of AMFI (www.amfiindia.com). Tata Mutual Fund will provide physical copy of the
stated in portfolio statement of scheme portfolio without any cost, on specific request received from a unitholder
disclosures.
For portfolio disclosure of schemes of Tata Mutual Fund, kindly visit functional Weblink:
https://www.tatamutualfund.com/schemes-related

Unaudited Financial Results:

Tata Mutual Fund/ Tata Asset Management Pvt Ltd shall within one month from the close of each half year, that is on 31st March
& on 30th September, host a soft copy of its unaudited financial results on its website in the format specified in Twelfth Schedule
of SEBI (Mutual Funds) Regulations 1996.

Tata Mutual Fund / Tata Asset Management Pvt Ltd shall publish an advertisement disclosing the hosting of such financial results
on their website, in at least one English daily newspaper having nationwide circulation & in a newspaper having wide circulation
published in the language of the region where the Head Office of the fund is situated..

Annual report or Abridged Summary, in the format prescribed by SEBI, will be hosted on AMC’s website
www.tatamutualfund.com and on the website of AMFI www.amfiindia.com.

The scheme wise annual report or an abridged summary thereof, in the format prescribed, shall be sent by way of e-mail to the
investor’s registered e-mail address not later than four months from the date of closure of the relevant accounts year.

Investors who have not registered their email id, will have an option of receiving a physical copy of the Annual Report or Abridged
Summary thereof.

Tata Mutual Fund will provide a physical copy of the abridged summary of the Annual Report, without charging any cost, on
specific request received from a unitholder. Physical copies of the report will also be available to the unitholders at the registered
offices at all times.

Tata Mutual Fund will publish an advertisement every year, in the all India edition of at least two daily newspapers, one each in
English and Hindi, disclosing the hosting of the scheme wise annual report on the AMC website (www.tatamutualfund.com) and
on the website of AMFI (www.amfiindia.com).

Other Details:

As per SEBI Guidelines, based on the scheme characteristics/internal assessment, Mutual Funds shall assign risk level for schemes at the
Risk-O-Meter time of launch of scheme/New Fund Offer.
& Scheme
Summary Risk-o-meter shall be evaluated on a monthly basis and AMC shall disclose the Risk-o-meter along with portfolio disclosure for all schemes
on the website and on AMFI website within 10 days from the close of each month. Any change in risk-o-meter shall be communicated by
way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of the schemes.

Mutual Funds shall disclose the risk level of schemes as on March 31 of every year, along with number of times the risk level has
changed over the year, on their website and AMFI website. Mutual Funds shall also publish scheme wise changes in Risk-o-meter in
 scheme wise Annual Reports and Abridged summary:
As per provision 1.2 of SEBI Master Circular on Mutual Funds dated May 19, 2023w.r.t advisory to introduce a Scheme Summary
Document & further to AMFI letter AMFI/17/SEBI/134/2021-22
March 21, 2022, AMCs shall upload the scheme summary document on AMFI Portal

C. Transparency/NAV Disclosure
NAV Information

The NAVs will be calculated and disclosed on every Business Day. The AMC will prominently disclose the NAVs under a separate head on the website of the
Fund (www.tatamutualfund.com) and of the Association of Mutual Funds in India-AMFI (www.amfiindia.com) by 11 P.M. on every business day^.
However, due to inability in capturing same day valuation of underlying investments, the NAV shall be disclosed by 11 P.M. of the next business day^.
^ If the NAVs are not available before the commencement of Business Hours on the following day (i.e., next day after the respective business day) due to any
reason, the Mutual Fund shall issue a press release giving reasons for the delay and explain by when the Mutual Fund would be able to publish the NAV.

Investor may write to AMC for availing facility of receiving the latest NAVs through SMS.
Illustration of Calculation of Sale & Repurchase Price:

Assumed NAV Rs. 11.00 per unit

Entry Load: NIL

Exit Load 1%

Sale Price = NAV + (Entry Load (%) * NAV)

Sale Price = 11 + (0% * 11)

Sale Price = 11 + 0

Sale Price = Rs. 11/-

Repurchase Price

Repurchase Price = NAV – (exit load (%) * NAV)

Repurchase Price = 11 – (1%*11)

Repurchase Price = 11 – 0.11

Repurchase Price = Rs.10.89

In the event NAV cannot be calculated and / or published, such as because of the suspension of RBI Clearing, Bank strikes, during the existence of a state of
emergency and / or a breakdown in communications, the Board of Trustees may temporarily suspend determination and / or publication of the NAV of the
Units.

Repurchase/ Resale is at Net Asset Value (NAV) related prices with repurchase/ resale loads as applicable (within limits) as specified under SEBI Regulations
1996, While determining the price of the units, the fund will ensure that the repurchase price is not lower than 95 per cent of the Net Asset Value.
In case of investment in overseas securities by the scheme(s) as mentioned in the asset allocation patter of the respective scheme, the NAV of the fund will be
based on the prices of overseas securities converted into Indian rupees.

D. Transaction charges and stamp duty-

Pursuant to provision 10.5 of SEBI Master Circular on Mutual Funds dated May 19, 2023, transaction charge per subscription of Rs.10, 000/- and above be
allowed to be paid to the distributors of the Tata Mutual Fund products. The transaction charge shall be subject to the following:
1. There shall be no transaction charges on direct investments.
2. For existing investors in a Mutual Fund, the distributor may be paid Rs.100/- as transaction charge per subscription of Rs.10, 000/- and above.
3. For first time investor in Mutual Funds, the distributor may be paid Rs.150/- as transaction charge for subscription of Rs.10, 000/- and above.
4. The transaction charge shall be deducted by the AMC from the subscription amount and paid to the distributor and the balance amount shall be
invested.
 5. The statement of account shall clearly state that the net investment as gross subscription less transaction charge and give the number of units allotted
against the net investment.
6. There shall be no transaction charge on subscription below Rs. 10,000/-.
7. In case of SIPs, the transaction charge shall be applicable only if the total commitment through SIPs amounts to Rs. 10,000/- and above. In such
cases the transaction charge shall be recovered in 3 installments.
8. There shall be no transaction charge on transactions other than purchases/ subscriptions relating to fresh/additional purchase.

The transaction charges would be deducted only in respect of those transactions where the concern distributor has opted for opt in for levying transaction charge.
In case distributor has chosen ’Opt Out’ of charging the transaction charge, no transaction charge would be deducted from transactions registered.
It may further be noted that distributors shall have also the option to either opt in or opt out of levying transaction charge based on type of the product..

Stamp Duty

With effect from 1st July 2020 a stamp duty @ 0.005% of the transaction value would be levied on mutual fund investment transactions. Accordingly , the
number of units allotted on purchases, switch-ins, SIP/STP installments and including dividend reinvestment to the unitholders would be reduced to that extent.

The information stated above is based on Tata Mutual Fund understanding of the tax laws and only for the purpose of providing general information
to the unit holders of the schemes. In view of the individual nature of tax implications, each unit holder is advised to consult with his or her own tax
advisors with respect to the specific tax and other implications arising out of the restructuring.

If any tax liability arising post redemption on account of change in tax treatment with respect to Withholding Tax/Capital Gain Tax, by the tax authorities, shall
be solely borne by the investors and not by the AMC or Trustee Company.

For further details on taxation please refer the clause on taxation in SAI.

E. Associate Transactions-
Please refer to Statement of Additional Information (SAI)

F. Taxation-

Taxation for Equity Oriented Mutual Fund Schemes

Taxation of Income in respect of units of Mutual Fund
The information is provided for general information only. However, in view of the individual nature of the implications, each investor is advised to consult his
or her own tax advisors with respect to the specific amount of tax and other implications arising out of his or her participation in the Scheme.

Withholding tax on income distribution

Type of Investor Withholding tax rate

Resident*** 10%*

NRI 20%** or rate as per applicable tax treaty*** (whichever is lower)

* Tax not deductible if income distributed in respect of units of a mutual fund is below Rs. 5,000 in a financial year.

** The base tax is to be further increased by surcharge at the rate of:

▪ 37% on base tax where total income exceeds Rs. 5 crore;

▪ 25% where total income exceeds Rs. 2 crore but does not exceed Rs. 5 crore;
▪ 15% where total income exceeds Rs. 1 crore but does not exceed Rs. 2 crore; and
▪ 10% where total income exceeds Rs. 50 lakhs but does not exceed Rs. 1 crore

*** The income distributed by mutual fund to unitholders is unlikely to fall within the definition of dividend under the tax treaty. Given this and the
language of the proviso to section 196A, claiming tax treaty benefit in respect of income distributed by mutual fund to unitholders for withholding tax
purpose may not be possible.

Further, “Health and Education Cess” is to be levied at 4% on aggregate of base tax and surcharge.
 As per section 139AA of the Income-tax Act, 1961, 1961Income-tax Act, 1961 read with rule 114AAA of the Income-tax Rules, 1962, in the case of a
resident person, whose PAN has become inoperative due to non-linking of PAN with Aadhaar, it shall be deemed that he has not furnished the PAN and tax
could be withheld at a higher rate of 20% as per section 206AA of Income-tax Act, 1961. For linking PAN with Aadhaar, fees of Rs. 1,000 has been prescribed.

Capital Gains Taxation

Resident Investors/NRI’s $ Domestic Company @

Tax rate on Capital Gains (Payable by the Investors)

Long Term capital gains 10%* 10%*

Short Term capital gains 15% 15%

*Income tax at the rate of 10% (without indexation benefit and foreign exchange fluctuation) to be levied on long term capital gains exceeding Rs.1 lakh
provided transfer of such units is subject to Securities Transaction Tax (STT).

$Surcharge to be levied at:

37% on base tax where specified income** exceeds Rs. 5 crore;

25% where specified income** exceeds Rs. 2 crore but does not exceed Rs. 5 crore;

15% where total income exceeds Rs. 1 crore but does not exceed Rs. 2 crores; and

10% where total income exceeds Rs. 50 lakhs but does not exceed Rs. 1 crore.

Further, Health and Education Cess to be levied at the rate of 4% on aggregate of base tax and surcharge.

@ Surcharge at 7% on base tax is applicable where total income of domestic corporate unit holders exceeds Rs 1 crore but does not exceed 10 crores and at
12% where total income exceeds 10 crores. However, surcharge at flat rate of 10% to be levied on base tax for the companies opting for lower rate of tax of
22%/15%. Further, “Health and Education Cess” to be levied at the rate of 4% on aggregate of base tax and surcharge.

In case total income includes income by way of dividend on shares and short-term capital gains on units of equity oriented mutual fund schemes and long-term
capital gains on mutual fund schemes, the rate of surcharge on the said type of income not to exceed 15%.

**Specified income – Total income excluding income by way of dividend on shares and short-term capital gains on units of equity oriented mutual fund
schemes and long-term capital gains on mutual fund schemes.

In case of NRI investors, short term /long term capital gain tax (along with applicable surcharge and Health and Education Cess) will be deducted at the time
of redemption of units as per Income-tax Act, 1961.

As per section 206AB of Income-tax Act, 1961, tax to be deducted at twice the applicable rate in case of payments to specified person (except non-resident not
having permanent establishment in India or person who is not required to furnish the return of income as notified by the Central Government) who has not
furnished the return of income for the assessment year relevant to previous year immediately preceding the financial year in which tax is required to be deducted:

• For which time limit for filing return has expired; and

• The aggregate of tax deducted at source or tax collected at source in his case is Rs. 50,000 or more in the said previous year.

Additionally, if provisions of section 206AA are also applicable then tax to be deducted at higher of the two rates provided i.e. rate as per section 206AB or
section 206AA.

Deduction under section 80C [Applicable only for Tata Tata ELSS Tax Saver Fund(ELSS) Scheme]

As per the Act, section 80C is inserted from the financial year commencing on and from April 01, 2005. As per the section, subject to the provisions, an
individual/HUF is entitled to a deduction from Gross Total Income upto Rs. 1,50,000/- (along with other prescribed investments) for amounts invested in any
units of a mutual fund notified under section 10(23D) of the Act, under any plan formulated in accordance with such scheme as the Central Government may
notify. However, Finance Act, 2020 has introduced alternate tax structure wherein resident individuals & HUF have an option to either continue with existing
tax rates or exercise the option of alternative tax rates.
Securities Transaction Tax

Securities Transaction Tax (“STT”) is applicable on transactions of purchase or sale of units of an equity-oriented fund entered into on a recognized stock
exchange or on sale of units of equity-oriented fund to the Fund. The STT rates as applicable are given in the following table:

Taxable Securities Transaction Rate Payable By

Purchase of a unit of an equity-oriented fund, where –The transaction of such purchase is entered
into in a recognised stock exchange; and the contract for the purchase of such unit is settled by the NIL Purchaser
actual delivery or transfer of such unit (delivery based).
Sale of a unit of an equity-oriented fund, where –
The transaction of such sale is entered into in a recognised stock exchange; and 0.001% Seller
The contract for the sale of such unit is settled by the actual delivery or transfer of such unit.
Purchase/ Sale of an equity share in a company or a unit of a business trust, where –
The transaction of such sale is entered into in a recognised stock exchange; and
0.1% Purchaser/Seller
The contract for the sale of such share or unit is settled by the actual
delivery or transfer of such share or unit
Sale of an equity share in a company or a unit of an equity-oriented fund or a unit of business trust,
where –
The transaction of such sale is entered into in a recognised stock exchange; and 0.025% Seller
The contract for the sale of such share is settled otherwise than by the actual
delivery or transfer of such share or unit
Sale of unit of an equity-oriented fund to the Mutual Fund 0.001% Seller

Sale of an option in securities 0.0625% Seller

In case of sale of option in securities, where option is exercised 0.125% Purchaser

Sale of a futures in securities 0.0125% Seller

The Fund is responsible for collecting the STT from every person who sells the Units to it at the rate mentioned above. The STT collected by the Fund during
any month will have to be deposited with the Central Government by the seventh day of the month immediately following the said month.

Stamp Duty

With effect from 1st July 2020 a stamp duty @ 0.005% of the transaction value would be levied on mutual fund investment transactions. Accordingly , the
number of units allotted on purchases, switch-ins, SIP/STP installments and including dividend reinvestment to the unitholders would be reduced to that extent.

The information stated above is based on Tata Mutual Fund understanding of the tax laws and only for the purpose of providing general information
to the unit holders of the schemes. In view of the individual nature of tax implications, each unit holder is advised to consult with his or her own tax
advisors with respect to the specific tax and other implications arising out of the restructuring.

If any tax liability arising post redemption on account of change in tax treatment with respect to Withholding Tax/Capital Gain Tax, by the tax authorities, shall
be solely borne by the investors and not by the AMC or Trustee Company.
For further details on taxation please refer the clause on taxation in SAI.

G. Rights of Unitholders-
Please refer to SAI for details.

H. List of official points of acceptance: Details uploaded & updated timely on AMCs website and can be seen on https://www.tatamutualfund.com/statutory-
disclosures/other-statutory-disclosures

I. Penalties, Pending Litigation or Proceedings, Findings of Inspections or Investigations For Which Action May Have Been Taken Or Is In
The Process Of Being Taken By Any Regulatory Authority

This section shall contain the details of penalties, pending litigation, and action taken by SEBI and other regulatory and Govt. Agencies.
1. All disclosures regarding penalties and action(s) taken against foreign Sponsor(s) may be limited to the jurisdiction of the country where the principal
activities (in terms of income / revenue) of the Sponsor(s) are carried out or where the headquarters of the Sponsor(s) is situated. Further, only top 10
monetary penalties during the last 5 financial years and wherever the amount of penalty is more than 5 lakhs. – NIL
2. In case of Indian Sponsor(s), details of all monetary penalties imposed and/ or action taken during the last for the last 5 financial years or pending with any
financial regulatory body or governmental authority, against Sponsor(s) and/ or the AMC and/ or the Board of Trustees /Trustee Company; for irregularities
 or for violations in the financial services sector, or for defaults with respect to shareholders or debenture holders and depositors, or for economic offences,
or for violation of securities law. Details of settlement, if any, arrived at with the aforesaid authorities during the last 5 financial years. – NIL
3. Details of all enforcement actions taken by SEBI in the last three years and/ or pending with SEBI for the violation of SEBI Act, 1992 and Rules and
Regulations framed there under including debarment and/ or suspension and/ or cancellation and/ or imposition of monetary penalty/adjudication/enquiry
proceedings, if any, to which the Sponsor(s) and/ or the AMC and/ or the Board of Trustees /Trustee Company and/ or any of the directors and/ or key
personnel (especially the fund managers) of the AMC and Trustee Company were/ are a party. The details of the violation. – NIL
4. Any pending material civil or criminal litigation incidental to the business of the Mutual Fund to which the Sponsor(s) and/ or the AMC and/ or the Board
of Trustees /Trustee Company and/ or any of the directors and/ or key personnel are a party. -NIL
5. Any deficiency in the systems and operations of the Sponsor(s) and/ or the AMC and/ or the Board of Trustees/Trustee Company which SEBI has
specifically advised to be disclosed in the SID, or which has been notified by any other regulatory agency. – NIL
The data for the above can be seen on functional weblink https://www.tatamutualfund.com/statutory-disclosures/other-statutory-disclosures

The contents of the Scheme Information Document including figures, data, yields, etc. have been checked and are factually correct.
Notwithstanding anything contained in this Scheme Information Document, the provisions of the SEBI (Mutual Funds) Regulations, 1996 and the
guidelines there under shall be applicable.

Note:
The Scheme under this Scheme Information Document was approved by the Trustees on 9 th November ‘1995 & subsequently the change of scheme type was
approved by Trustees on 4th December’2017.

By order
Board of Directors
Tata Asset Management Pvt Limited.

Place: Mumbai
Date: 28th June, 2024 Authorized Signatory
 Transaction Acceptance Points - Computer Age Management Services Ltd.
Agartala: Nibedita, 1st Floor, J B Road, Palace Compound, Agartala Near Babuana Tea and Snacks, Tripura West – 799001. Tel: (0381) 2323009,
9436761695. Email: [email protected] Agra: No. 8, 2nd Floor, Maruti Tower Sanjay Place, Agra, Uttarpradesh – 282002, Uttarpradesh,
Email: [email protected] Tel: 0562-4304088, Fax: 2521170 Ahmedabad: 111- 113, 1st Floor - Devpath Building, Off C.G. Road, Behind Lal
Bungalow, Ellis Bridge, Ahmedabad Gujarat 380006 Email: [email protected] Tel: (079) 26466080 / 40076949, Fax: 30082473 Ahmednagar:
Office No. 3, 1st Floor, Shree Parvati, Plot No. 1/175, Opp. Mauli Sabhagruh, Zopadi Canteen, Savedi, Ahmednagar - 414 003 Email: camsamn@
camsonline.com Tel: 8380050226, Fax: 2320325 Ajmer: AMC No. 423/30, Near Church Opp. TB Hospital, Jaipur Road, Ajmer, Rajasthan – 305001,
Email: [email protected] Tel: (145) 2425814, 9829272605, Fax: 2425814 Akola: Opp. RLT Science College, Civil Lines, Akola – 444001,
Maharashtra Email: [email protected] Tel: (724) 6450233, Fax: 2431702 Aligarh: City Enclave, Opp. Kumar Nursing Home, Ramghat Road,
Aligarh – 202001, Uttarpradesh, Email: [email protected] Tel: 0571-2970066, Fax: 2402089 Allahabad: 30/2, A&B, Civil Lines Station,
Besides Vishal Mega Mart, Strachey Road, Allahabad – 211001, Uttarpradesh, Email: [email protected] Tel: 9554800010, Fax: 2404055
Alleppey: Doctor’s Tower Building, Door No. 14/2562, 1st Floor, North of Iron Bridge, Near Hotel Arcadia Regency, Alleppey – 688001, Kerala, Email:
[email protected] Tel: (0477) 2237664 Alwar: 256A, Scheme No: 1, Arya Nagar, Alwar – 301001, Rajasthan, Email: camsalw@camsonline.
com Tel: 9214245820, Fax: 2702324 Amaravati: 81, Gulsham Tower, 2nd Floor, Near Panchsheel Talkies, Amaravati – 444601, Maharashtra, Email:
[email protected] Tel: (0721) 6450006, Fax: 2564304 Ambala: Computer Age Management Services Ltd., Shop No.4250, Near B D Senior
Secondary School, Ambala Cantt, Ambala, Haryana - 133001. Tel: (0171) 4077086, Email: [email protected] Amritsar: 3rd Floor, Bearing
Unit No. - 313, Mukut House, Amritsar - 143001. Email: [email protected] Tel: (0183) 5009990 Anand: 101, A.P. Tower, B/H, Sardhar Gunj,
Next to Nathwani Chambers, Anand – 388001, Gujarat, Email: [email protected] Tel: (02692) 650158, Fax: 240981 Anantapur: AGVR
Arcade, 2nd Floor, Plot No.37(Part), Layout No.466/79, Near Canara Bank, Sangamesh Nagar, Anantapur – 515001. Andhra Pradesh. Tel: (08554)
227024. Email: [email protected] Andheri: CTS No. 411, Citipoint, Gundivali, Telli Gali, Above C.T. Chatwani Hall, Mumbai – 400069,
Maharashtra, Email: [email protected] Tel: 7666703206, 7303923299 Ankleshwar: Shop No. F -56, First Floor, Omkar Complex, Opp. Old
Colony, Nr. Valia Char Rasta, GIDC, Ankleshwar – 393002, Gujarat, Email: [email protected] Tel: (02646) 220059, Fax: 220059 Asansol:
Block - G, 1st Floor, P. C. Chatterjee Market Complex, Rambandhu Talab PO, Ushagram, Asansol – 713303, West Bengal, Email: camsasa@camsonline.
com Tel: 9233500368, Fax: (341) 2216054 Aurangabad: 2nd Floor, Block No. D-21-D22, Motiwala Trade Center, Nirala Bazar New Samarth Nagar,
Opp. HDFC Bank, Aurangabad - 431001, Email: [email protected] Tel: (0240) 6450226, Fax: 2363664 Balasore: B. C. Sen Road, Balasore –
756001, Orissa, Email: [email protected] Tel: 9238120075, Fax: 2264902 Bangalore: Trade Centre, 1st Floor, 45, Dikensen Road (Next to
Manipal Centre), Bangalore – 560042, Karnataka, Email: [email protected] Tel: 9513759055, Fax: 25326162 Barasat: N/39, K.N.C. Road,
1st Floor, Shrikrishna Apartment, (Behind HDFC Bank Barasat Branch), PO & PS: Barasat Dist :24PGS (North) 700 124. Email: camsbrst@camsonline.
com Bankura: 1st Floor, Central Bank Building, Machantala, PO Bankura, Dist Bankura, West Bengal - 722101. Tel: (03242) 252668. Email: camsbqa@
camsonline.com Bareilly: F-62-63, 2nd Floor, Butler Plaza, Civil Lines, Bareilly - 243 001, Email: [email protected] Tel: 0581-2571181, Fax:
2554228 Basti: C/o Rajesh Mahadev & Co., Shop No. 3, Jamia Complex Station Road, Basti – 272002, Uttar Pradesh, Email: [email protected]
Tel: 05542-281180. Belgaum: Classic Complex, Block no 104, 1st Floor, Saraf Colony, Khanapur Road, Tilakwadi, Belgaum - 590 006. Email id:
[email protected], Tel. No. 0831 - 4810575. Bellary: 60/5, Mullangi Compound, Gandhinagar Main Road (Old Gopalswamy Road), Bellary –
583101, Karnataka, Email: [email protected] Tel: 9243689044, Fax: 268822 Berhampur: Kalika Temple Street, Ground Floor, Beside SBI
Bazar Branch, Berhampur - 760 002. Tel: (0680) 2250401, Email: [email protected] Bhagalpur: Krishna, 1st Floor, Near Mahadev Cinema,
Dr. R.P.Road, Bhagalpur – 812002, Bihar, Email: [email protected] Tel: 9264499905, Fax: 2409506 Bharuch: A-111, First Floor, R K Casta,
Behind Patel Super Market, Station Road, Bharuch - 392001. Email: [email protected], Tel: (02642) 262242 Bhatinda: 2907-GH, GT Road,
Near Zilla Parishad, Bhatinda – 151001, Punjab Email: [email protected] Tel: 0164-2221960, Fax: 2210633 Bhavnagar: 305-306, Sterling
Point, Waghawadi Road, Opp. HDFC Bank, Bhavnagar – 364002, Gujarat, Email: [email protected] Tel: 0278–2225572, Fax: 2567020 Bhilai:
Shop No. 117, Ground Floor, Khicharia Complex, Opp. IDBI Bank, Nehru Nagar Square, Bhilai – 490020, Chattisgarh, Email: camsbhi@camsonline.
com Tel: 9203900630, Fax: 4050560 Bhilwara: C/o Kodwani Associtates, Shop No. 211-213, 2nd Floor, IndraPrasth Tower, Syam ki Sabji Mandi, Near
Mukherjee Garden, Bhilwara – 311001, Rajasthan, Email: [email protected] Tel: (01905) 223702, Fax: 231808 Bhopal: Plot No. 10, 2nd
Floor, Alankar Complex, Near ICICI Bank, MP Nagar, Zone II, Bhopal – 462011, Madhya Pradesh, Email: [email protected] Tel: 9203900546,
Fax: 4275591 Borivali: 501-TIARA, CTS 617, 617/1-4, Off Chandavarkar Lane, Maharashtra Nagar, Borivali (West), Mumbai - 400 092. Tel: (022)
62490300, Email: [email protected] Bhubaneswar: Plot No -111, Varaha Complex Building, 3rd Floor, Station Square, Kharvel Nagar, Unit
3, Bhubaneswar – 751001, Orissa, Email: [email protected] Tel: (0674) 2390999, Fax: 2534909 Bhuj: Tirthkala, First Floor, Opp BMCB Bank,
New Station Road, Bhuj - Kachchh - 370 001. Tel: (02832) 450315, Email: [email protected] Bhusawal: 3, Adelade Apartment, Christian
Mohala, Behind Gulshan-E-Iran Hotel, Amardeep Talkies Road, Bhusawal – 425201, Maharashtra Bikaner: Behind Rajasthan Patrika, In front of Vijaya
Bank, 1404, Amar Singhpura, Bikaner – 334001, Rajasthan, Email: [email protected] Tel: 0151-2970602, Fax: 2205499 Bilaspur: Shop
No.B-104, 1st Floor, Narayan Plaza, Link Road, Bilaspur – 495001, Chattisgarh, Email: [email protected] Tel: 07752490706 Bokaro: 1st Floor,
Plot No. HE-7, City Centre, Sector 4, Bokaro Steel City, Bokaro - 827004. Jharkhand. Tel: (06542) 359182, Email: [email protected] Burdwan:
399 G T Road Basement, Talk of the Town, Burdwan-713101, West Bengal, Tel: (0342) 3551397, Email: [email protected] Calicut: 29/97G,
2nd Floor, Gulf Air Building, Mavoor Road, Arayidathupalam, Calicut – 673016, Kerala, Email: [email protected] Tel: (0495) 6060031
Chandigarh: Deepak Tower, SCO 154-155, 1st Floor, Sector 17, Chandigarh – 160017, Punjab, Email: [email protected] Tel: 0172-4735028,
Fax: 2711325 Chandrapur: Opp Mustafa Décor, Behind Bangalore Bakery, Kasturba Road, Chandrapur, Maharashtra - 442 402. Email: camscpu@
camsonline.com Tel: (07172) 253108 Chennai: Ground Floor, No.178/10, Kodambakkam High Road, Opposite Hotel Palmgrove, Nungambakkam,
Chennai – 600034, Tamilnadu, Email: [email protected] Tel: (044) 39115561 / 62 / 63 / 65, Fax: 28283613 Chennai (Satellite ISC): No.158,
Rayala Tower-1, Anna Salai, Chennai – 600002, Tamilnadu, Email: [email protected] Tel: (044) 28432650 Chhindwara: 2nd Floor, Parasia
Road, Near Surya Lodge, Sood Complex, Above Nagpur CT Scan, Chhindwara - 480001 Madhya Pradesh. Email: [email protected] Tel:
9203900507, 9425895771 Chittorgarh: 3, Ashok Nagar, Near Heera Vatika, Chittorgarh – 312001, Rajasthan, Email: [email protected] Tel:
(01472) 244566 Cochin: Modayil, Door No. 39/2638 DJ, 2nd Floor, 2A, M. G. Road, Cochin - 682 016, Tel: 0484-2350112, Email: camscoc@
camsonline.com Coimbatore: Old No. 66 New No. 86, Lokamanya Street (West) Ground Floor, R. S. Puram, Coimbatore – 641002, Tamilnadu, Email:
[email protected] Tel: (0422) 4208642 / 4208648, Fax: 3018003 Cuttack: Near Indian Overseas Bank, Cantonment Road, Mata Math,
Cuttack – 753001, Orissa, Email: [email protected] Tel: 9238120072, Fax: 2303722 Darbhanga: Ground Floor, Belbhadrapur, Near Sahara
Office, Laheriasarai Tower Chowk, Laheriasarai, Darbhanga – 846001, Bihar, Email: [email protected] Tel: 8405804906 Davangere: 13, 1st
Floor, Akkamahadevi Samaj Complex, Church Road, P. J. Extension, Davangere – 577002, Karnataka, Email: [email protected] Tel: (08192)
230038, Fax: 230038 Dehradun: 204/121, Nari Shilp Mandir Marg, Old Connaught Place, Dehradun – 248001, Uttarkhand, Email: camsdun@
camsonline.com Tel: (0135) 6455486, Fax: 2713233 Deoghar: SSM Jalan Road, Ground Floor, Opp. Hotel Ashoke, Caster Town, Deoghar – 814112,
Jharkhand, Email: [email protected] Tel: 06432-222635, Fax: 224468 Dhanbad: Urmila Towers, Room No. 111 (1st Floor), Bank More,
Dhanbad – 826001, Jharkhand, Email: [email protected] Tel: (0326) 2304675, Fax: 2304675 Dharmapuri: 16A/63A, Pidamaneri Road, Near
Indoor Stadium, Dharmapuri – 636701, Tamilnadu, Email: [email protected] Tel: (04342) 296522 Dhule: House No. 3140, Opp. Liberty
Furniture, Jamnalal Bajaj Road, Near Tower Garden, Dhule – 424001, Maharashtra Email: [email protected] Tel: 02562 – 241281, Fax:
241281 Durgapur: City Plaza Building, 3rd Floor, City Centre, Durgapur – 713216, West Bengal, Email: [email protected] Tel: (0343)
2545420 / 430, Fax: 2548190 Erode: 197, Seshaiyer Complex, Agraharam Street, Erode – 638001, Tamilnadu, Email: [email protected] Tel:
(0424) 6455440, Fax: 4272073 Faizabad: 9/1/51, Rishi Tola, Fatehganj, Ayodhya (Faizabad), Uttar Pradesh - 224001. Email: camsfzd@camsonline.
com Tel: 7355713347, Fax: 223623 Faridabad: B-49, 1st Floor, Nehru Ground, Behind Anupam Sweet House, NIT, Faridabad – 121001, Haryana,

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Email: [email protected] Tel: (0129) 6510516, Fax: 2410098 Firozabad: 53, 1st Floor, Shastri Market, Sadar Bazar, Firozabad - 283203. Tel:
(0561) 2240495, Email: [email protected] Gandhidham: Shyam Sadan, First Floor, Plot No 120,Sector 1/A, Gandhidham - 370201. Tel:
(02836) 233220, Email: [email protected] Gandhinagar: No. 507, 5th Floor, Shree Ugati Corporate Park, Opposite Pratik Mall, Near HDFC
Bank, Kudasan, Gandhinagar - 382421. Tel: (079) 23600400. Email: [email protected] Ghatkopar (East): Platinum Mall, Office No.307, 3rd
Floor, Jawahar Road, Ghatkopar (East), Mumbai - 400 077, Email: [email protected] Tel: 9336800261 Gaya: C/o Sri Vishwanath Kunj,
Ground Floor, Tilha Mahavir Asthan, Gaya - 823001. Tel: 9472179424. Email: [email protected] Ghaziabad: First Floor, C-10 RDC Rajnagar,
Opp. Kacheri Gate No.2, Ghaziabad - 201 002. Tel: (0120) 6510540, Email: [email protected] Tel: (0120) 6510540, Fax: 4154476 Goa: Goa
(Panaji): Office No. 103, 1st Floor, Unitech City Centre, M. G. Road, Panaji, Goa - 403 001 Email: [email protected] Tel: (0832) 6450439,
6450441, Fax: 2424527 Gondal (Parent Rajkot): A/177, Kailash Complex, Opp. Khedut Décor, Gondal – 360311, Gujarat, Email: camsgdl@
camsonline.com Tel: 8000920007 Gorakhpur: Shop No. 3, 2nd Floor, The Mall Cross Road, A.D. Chowk Bank Road, Gorakhpur – 273001, Uttar
Pradesh, Email: [email protected] Tel: 9336800281, Fax: 2344065 Gulbarga: Pal Complex, 1st Floor, Opp. City Bus Stop, Super Market,
Gulbarga – 585101, Karnataka, Email: [email protected] Tel: 9606410909, Fax: 221728 Guntur: Door No 5-38-44, 5/1 Brodipet, Near Ravi
Sankar Hotel, Guntur – 522002, Andhra Pradesh, Email: [email protected] Tel: (0863) 4005611 Fax: 6680838 Gurgaon: Unit No-115, First
Floor, Vipul Agora Building, Sector-28, Mehrauli, Gurgaon Road, Chakkar Pur, Gurgaon - 122 001. Tel: (0124) 4048022. Email: camsgur@camsonline.
com, Fax: 4082660 Guwahati: A. K. Azad Road, Rehabari Tinali, Old Post Office Lane, Opp Nirmal Sagar Apartments. Guwahati – 781008, Assam,
Email: [email protected] Tel: (361) 2607771, 7896035933, Fax: 2139038 Gwalior: G-6 Global Apartment, Kailash Vihar Colony, Opp.
Income Tax Office, City Centre, Gwalior – 474002, Madhya Pradesh, Email: [email protected] Tel: 9203900504, Fax: 2427662 Haldia:
Mouza-Basudevpur, J. L. No. 126, Haldia Municipality, Ward No. 10, Durgachak, West Bengal, Haldia - 721602. Tel: 9800089225, Fax: 276655. Email:
[email protected] Haldwani: Durga City Centre, Nainital Road, Haldwani – 263139, Uttar Pradesh, Email: [email protected] Tel:
9219401825, Fax: 224116 Haridwar: F - 3, Hotel Shaurya, New Model Colony, Haridwar, Uttarakhand – 249408. Tel: 7900777785, Email: camshwr@
camsonline.com Hazaribag: Municipal Market, Annanda Chowk, Hazaribag – 825301, Jharkhand, Email: [email protected] Tel: 9234300462,
Fax: 223959 Himmatnagar: Computer Age Management Services Ltd. Unit No. 326, Third Floor, One World - 1, Block - A, Himmatnagar - 383001.
Tel: (02772) 244332, Email: [email protected] Hisar: 12, Opp. HDFC Bank, Red Square Market, Hisar, Haryana - 125 001, Email: camshsr@
camsonline.com Tel: 9254303804, Fax: 283100 Hoshiarpur: Near Archies Gallery, Shimla Pahari Chowk, Hoshiarpur – 146001, Punjab, Email:
[email protected] Tel: (1882) 650104 Hosur: Survey No.25/204, Attibele Road, HCF Post, Mathigiri, Above Time Kids School, Opp. Kuttys
Frozen Foods, Hosur - 635 110. Tel: 9344861916. Email: [email protected] Hubli: No.204 - 205, 1st Floor, B - Block, Kundagol Complex,
Opp. Court, Club Road, Hubli – 580029, Karnataka, Email: [email protected] Tel: (0836) 4258576, Fax: 4255255 Hyderabad: 208, 2nd
Floor, Jade Arcade, Paradise Circle, Hyderabad – 500003, Telengana, Email: [email protected] Tel: (040) 48585696, Fax: 39182472. Indore:
101, Shalimar Corporate Centre, 8-B, South Tukogunj, Opp. Greenpark, Indore – 452001, Madhya Pradesh, Email: [email protected] Tel:
9203900531, Fax: 2528609 Jabalpur: 8, Ground Floor, Datt Towers, Behind Commercial Automobiles, Napier Town, Jabalpur – 482001, Madhya
Pradesh, Email: [email protected] Tel: 9203900548, Fax: 4017146 Jaipur: R-7, Yudhisthir Marg, C-Scheme, Behind Ashok Nagar Police
Station, Jaipur – 302001, Rajasthan, Email: [email protected] Tel: 6372805151, Fax: 5114500 Jalandhar: 144, Vijay Nagar, Near Capital
Small Finance Bank, Football Chowk, Jalandhar City - 144001. Tel: (0181) 2452336, Email: [email protected] Jalgaon: Rustomji Infotech
Services, 70, Navipeth, Opp. Old Bus Stand, Jalgaon – 425001, Maharashtra, Email: [email protected] Tel: (0257) 6450111, Fax: 2235343
Jalna: Shop No 6, Ground Floor, Anand Plaza Complex, Bharat Nagar, Shivaji Putla Road, Jalna – 431203, Maharashtra, Email: camsjna@camsonline.
com Tel: (2482) 234766 Jammu: JRDS Heights, Lane Opp. S&S Computers, Near RBI Building, Sector 14, Nanak Nagar, Jammu – 180004, Jammu &
Kashmir Email: [email protected] Tel: 9906082698, (0191) 2432601, Fax: 2432601 Jamnagar: 207, Manek Centre, P. N. Marg, Jamnagar
– 361001, Gujarat, Email: [email protected] Tel: (0288) 2661941, Fax: 2661942 Jamshedpur: Tee Kay Corporate Towers, 3rd Floor, S B
Shop Area, Main Road, Bistupur, Jamshedpur - 831001. Tel: (0657) 2320015, Email: [email protected] Janakpuri: 306, 3rd Floor, DDA-2
Building, District Centre, Janakpuri, New Delhi - 110 058, Email: [email protected] Jaunpur: 248, Fort Road, Near Amber Hotel, Jaunpur –
222001, Uttar Pradesh, Email: [email protected] Tel: (5452) 321630 Jhansi: Opp. SBI Credit Branch, Babu Lal Kharkana Compound, Gwalior
Road, Jhansi – 284001, Uttar Pradesh, Email: [email protected] Tel: 9235402124, Fax: 2332455 Jodhpur: 1/5, Nirmal Tower, 1st Chopasani
Road, Jodhpur – 342003, Rajasthan, Email: [email protected] Tel: 9214245817, Fax: 2628039 Junagadh: Aastha Plus, 202-A, 2nd Floor,
Sardarbag Road, Near Alkapuri, Opp. Zansi Rani Statue, Junagadh – 362001, Gujarat, Email: [email protected] Tel: 0285-2633682, Fax:
2653682 Kadapa: Bandi Subbaramaiah Complex, D. No: 3/1718, Shop No: 8, Raja Reddy Street, Kadapa – 516001, Andhra Pradesh, Email: camskdp@
camsonline.com Tel: (08562) 248695, Fax: 254122 Kakinada: No.33-1, 44 Sri Sathya Complex, Main Road, Kakinada – 533001, Andhra Pradesh,
Email: [email protected] Tel: (0884) 2358566, Fax: 2367891 Kalyani: Kalyani, A – 1/50, Block A, Kalyani - Nadia Dt, PIN- 741235, West
Bengal, Email: [email protected] Tel: 09769762500, Fax: 25022720 Kannur: Room No. PP.14/435, Casa Marina Shopping Centre, Talap,
Kannur – 670004, Kerala, Email: [email protected] Tel: 9072260006 Kanpur: 0Ist Floor, 106 to 108, City Centre, Phase II, 63/ 2, The Mall,
Kanpur – 208001, Uttar Pradesh, Email: [email protected] Tel: 6387635727 Fax: 3918002 Karimnagar: HNo.7-1-257, Upstairs S. B. H.
Mangammathota, Karimnagar – 505001, Telangana, Email: [email protected] Tel: (0878) 2225594, Fax: 225594 Karnal: (Parent: Panipat
TP): 7, 02nd Floor, Opp Bata Showroom, Kunjapura Road, Karnal – 132001, Haryana, Email: [email protected] Tel: (0184) 4043407 Karur:
126-G, V. P. Towers, Kovai Road, Basement of Axis Bank, Karur – 639002, Tamilnadu, Email: [email protected] Tel: 9244950001 Fax:
262130 Katni: 01st Floor, Gurunanak Dharmakanta, Jabalpur Road, Bargawan, Katni – 483501, Madhya Pradesh Email: [email protected] Tel:
07622-404839 Khammam: Shop No: 11-2-31/3, 01st Floor, Philips Complex, Balajinagar, Wyra Road, Near Baburao Petrol Bunk, Khammam –
507001, Telangana Email: [email protected] Tel: (08742) 229793 Kharagpur: Shivhare Niketan, H.No. 291/1, Ward No-15, Malancha Main
Road, Opp. Uco Bank, Kharagpur – 721301, West Bengal, Email: [email protected] Tel: 03222-354801, Fax: (3222) 254121 Kolhapur: 2B,
03rd Floor, Ayodhya Towers, Station Road, Kolhapur – 416001, Maharashtra, Email: [email protected] Tel: 0231-3500024, Fax: 2650401,
Kolkata: 3/1, Shreeram Chambers, R. N. Mukherjee Road, 3rd Floor, Office space-3C, Kolkata - 700 001, Email: [email protected] Tel: (033)
46022413 / 2414, Fax: (033) 30582288 Kolkata-CC (Kolkata Central): 2A, Ganesh Chandra Avenue, Room No.3A, Commerce House, 04th Floor),
Kolkata – 700013, West Bengal Tel: (033) 32011192 Kollam: Uthram Chambers (Ground Floor), Thamarakulam, Kollam - 691 006. Email: camsklm@
camsonline.com, Tel:0474-2742823 Korba: Shop No. 6, Shriram Commercial Complex, In front of Hotel Blue Diamond, Ground Floor, T. P. Nagar,
Korba, West Bengal - 495677. Email: [email protected] Tel: 7759 356037 Kota: B-33, Kalyan Bhawan, Triangle Part, Vallabh Nagar, Kota –
324007, Rajasthan, Email: [email protected] Tel: (0744) 2502555 Kottayam: 1307-B, Puthenparambil Building, KSACS Road, Opp. ESIC
Office, Behind Malayala Manorama, Muttambalam P.O., Kottayam - 686 501. Tel: 9207760018. Email: [email protected] Kumbakonam: No.
28/8, 1st Floor, Balakrishna Colony, Pachaiappa Street, Near VPV Lodge, Kumbakonam - 612001. Tel: (0435) 2403747. Email: camskum@camsonline.
com Kurnool: H.No. 43/8, Upstairs Uppini Arcade, N. R. Peta, Kurnool – 518004, Andhra Pradesh, Email: [email protected] Tel: (8518)
650391, Fax: 329504 Lucknow: Office no,107,1st Floor, Vaishali Arcade Building, Plot No. 11, 6 Park Road, Lucknow - 226001. Tel: 0522-4007938,
Email: [email protected] Ludhiana: U/ GF, Prince Market, Green Field, Near Traffic Lights, Sarabha Nagar Pulli, Pakhowal Road, Ludhiana –
141002, Punjab, Email: [email protected] Tel: (0161) 3018000/01/02/03, Fax: 5016811 Madurai: Shop No. 3, Suriya Towers, 2nd Floor,
272/273 – Goodshed Street, Madurai - 625001. Email: [email protected] Tel: (0452) 2483515 Malda: Daxhinapan Abasan, Opp. Lane of
Hotel Kalinga, S.M. Pally, Malda – 732101, West Bengal, Email: [email protected] Tel: (03512) 269071 / 9851456218, Fax: 268915
Mangalore: No. G4 & G5, Inland Monarch, Opp. Karnataka Bank, Kadri Main Road, Kadri, Mangalore – 575003, Karnataka, Email: camsman@
camsonline.com Tel: 9243600672, Fax: 4252525 Manipal: Basement Floor, Academy Tower, Opposite Corporation Bank, Manipal – 576104,
Karnataka, Email: [email protected] Tel: 9243689046, Fax: 2573333 Mapusa (Parent ISC: Goa): Office No. CF-8, 1st Floor, Business Point,
Above Bicholim Urban Co-op. Bank, Angod, Mapusa – 403507, Goa Margao: B-301, Reliance Trade Center, Opp. Grace Nursing Home, Near Cafe Tato,
V. V. Road (Varde Valaulikar) Margao – 400601, Goa, Email: [email protected] Tel: (832) 6480250 Mathura: 159/160, Vikas Bazar, Mathura

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– 281001, Uttar Pradesh, Email: [email protected] Tel: 7252000551, Fax: 2404229 Meerut: 108, Ist Floor, Shivam Plaza, Opp. Eves Cinema,
Hapur Road, Meerut – 250002, Uttar Pradesh, Email: [email protected] Tel: (0121) 6454521, Fax: 2421238 Mehsana: 1st Floor, Subhadra
Complex, Urban Bank Road, Mehsana – 384002, Gujarat, Email: [email protected] Tel: 9228000256 Mirzapur: Ground Floor, Canara Bank
Building, Dhundhi Katra, Mirzapur Uttarpradesh - 231001. Tel: (05422) 220282. Email: [email protected] Moga: 9 No., New Town, Opp.
Jaswal Hotel, Daman Building, Moga - 142001. Tel: (01636) 513234, Email: [email protected] Moradabad: H21-22, Ist Floor, Ram Ganga
Vihar Shopping Complex, Opposite Sale Tax Office, Moradabad – 244001, Uttar Pradesh, Email: [email protected] Tel: (0591) 6450125,
Fax: 2493144 Mumbai: Rajabahdur Compound, Ground Floor, Opp. Allahabad Bank, Behind ICICI Bank, 30, Mumbai Samachar Marg, Fort, Mumbai
– 400023, Maharashtra, Email: [email protected] Tel: (022) - 62962100, Fax: 30282482 Muzaffarpur: Brahman Toli, Durgasthan Gola Road,
Muzaffarpur – 842001, Bihar, Email: [email protected] Tel: (0621) 2244086, Fax: 2246022 Mysore: No.1, 1st Floor, CH.26, 7th Main, 5th
Cross (Above Trishakthi Medicals), Saraswati Puram, Mysore – 570009, Karnataka, Email: [email protected] Tel: (0821) 4053255, Fax:
2342182 Nadiad: F-142, First Floor, Ghantakarna Complex, Gunj Bazar, Nadiad, Gujarat - 387001. Tel: (0268) 2550075, Email: camsndi@camsonline.
com Nagpur: 145, Lendra, New Ramdaspeth, Nagpur – 440010, Maharashtra, Email: [email protected] Tel: (0712) 2541449, Fax: 2432447
Namakkal: 156A / 1, 01st Floor, Lakshmi Vilas Building, Opp. to District Registrar Office, Trichy Road, Namakkal – 637001, Tamilnadu, Email:
[email protected] Tel: 9244900217. Nasik: 1st Floor, “Shraddha Niketan” Tilak Wadi, Opp. Hotel City Pride, Sharanpur Road, Nasik - 422
002, Email id: [email protected], Tel. No: 0253 - 6450102. Navsari: C/o Vedant Shukla Associates, 16 Shivani Park, Opp. Shankeshwar
Complex, Kaliawadi, Navsari – 396445, Gujarat, Email: [email protected] Tel: (0861) 2302398, Fax: 248744 Nellore: Shop No. 2, 1st Floor,
NSR Complex, James Garden, Near Flower Market, Nellore - 524001. Tel: (0861) 2302398, Email: [email protected] Tel: 0861-2302398, Fax:
2302398 New Delhi: 401 to 404, 4th Floor, Kanchan Junga Building, Barakhamba Road, New Delhi - 110 001. Email: [email protected], Tel:
(011) 61245468, Noida: Commercial Shop No. GF 10 & GF 38, Ground Floor, Ansal Fortune Arcade, Plot No. K - 82, Sector - 18, Noida - 201 301. Uttar
Pradesh. Tel: (0120) 4562490, Email: [email protected] Palakkad: Door No. 18/507(3) Anugraha, Garden Street, College Road, Palakkad -
678 001, Kerala. Tel: (0491) 2548093. Email: [email protected] Palanpur: Gopal Trade Center, Shop No. 13-14, 3rd Floor, Near BK Mercantile
Bank, Opp. Old Gunj, Palanpur - 385001. Tel: 02742-254224 Email: [email protected] Panipat: SCO 83-84, 01st Floor, Devi Lal Shopping
Complex, Opp. RBL Bank, G. T. Road, Panipat – 132103, Haryana, Email: [email protected] Tel: 9254303801, Fax: 4009802, Patiala: 35 New
Lal Bagh, Opposite Polo Ground, Patiala – 147001. Email: [email protected], Tel: 175-6050002 Patna: Computer Age Management Services
Ltd. 301B, Third Floor, Patna One Plaza, Near Dak Bunglow Chowk, Patna -800001. Email: [email protected] Pitampura: Number G-8, Ground
Floor, Plot No C-9, Pearls Best Height - II, Netaji Subhash Place, Pitampura, New Delhi -110034. Tel: (011) 40367369, Email: camspdel@camsonline.
com Pondicherry: S-8, 100, Jawaharlal Nehru Street (New Complex, Opp. Indian Coffee House), Pondicherry – 605001, Pondicherry, Email: camspdy@
camsonline.com Tel: (0413) 4900549, Fax: 4210030 Pune: Vartak Pride, 1st floor, Survey No 46, City Survey No 1477, Hingne Budruk, D. P. Road,
Behind Dinanath Mangeshkar Hospital, Karvenagar, Pune - 411 052, Email: [email protected] Tel: (020) 65604571/572/573, Fax: 30283001
Rae Bareli: 17, Anand Nagar Complex, Opposite Moti Lal Nehru Stadium, SAI Hostel Jail Road, Rae Bareilly – 229001, Uttar Pradesh, Email: camsrae@
camsonline.com Tel: 9889901201, Fax: 2205366 Rae Bareli (TP Lite): 17, Anand Nagar Complex, Rae Bareli - 229 001, Tel: (0535) 2210166 Raipur:
HIG, C-23 Sector – 1, Devendra Nagar, Raipur, Chattisgarh – 492004, Chattisgarh, Email: [email protected] Tel: 0771-4912040, Fax: 2888002
Rajahmundry: Door No: 6-2-12, 01st Floor, Rajeswari Nilayam, Near Vamsikrishna Hospital, Nyapathi Vari Street, T Nagar, Rajahmundry – 533101,
Andhra Pradesh, Email: [email protected] Tel: (0883) 6665531 Rajapalayam: No. 59 A/1, Railway Feeder Road (Near Railway Station),
Rajapalayam – 626117, Tamilnadu, Email: [email protected] Tel: 9244950002 Rajkot: Office 207 - 210, Everest Building, Harihar Chowk,
Opp. Shastri Maidan, Limda Chowk, Rajkot – 360001, Gujarat, Email: [email protected] Tel: 0281-2227553 Ranchi: 4, HB Road, No. 206,
02nd Floor, Shri Lok Complex, Near Firayalal, Ranchi – 834001, Jharkhand, Email: [email protected] Tel: (0651) 2212133, Fax: 2226601
Ratlam: Dafria & Co, No.18, Ram Bagh, Near Scholar’s School, Ratlam – 457001, Madhya Pradesh, Email: [email protected] Tel: (04712)
400066, Fax: 235788 Ratnagiri: Orchid Tower, Ground Floor, Gala No. 06, S.V. No.301/Paiki 1/2, Nachane Munciple Aat, Arogya Mandir, Nachane
Link Road, At, Post, Tal. Ratnagiri, Dist. Ratnagiri - 415612. Email: [email protected] Tel: (02352) 222084, Fax: 222048 Rohtak: 205, 02nd
Floor, Building No. 2, Munjal Complex, Delhi Road, Rohtak, Haryana, Email: [email protected] Tel: (1262) 2258436, 9254303802 Roorkee:
22, Civil Lines, Ground Floor, Hotel Krish Residency, Roorkee – 247667, Uttarkhand, Email: [email protected] Tel: (01332) 796309 Fax:
273139 Rourkela: JBS Market Complex, 2nd Floor, Udit Nagar, Rourkela - 769 012. Email: [email protected] Tel: (661) 2513098, 9238120073
Sagar: Opp. Somani Automobiles, Bhagwanganj, Sagar – 470002, Madhya Pradesh, Email: [email protected] Tel: (07582) 408402 / 246247,
Fax: 408402 Saharanpur: 01st Floor, Krishna Complex, Opp. Hathi Gate, Court Road, Saharanpur – 247001, Uttar Pradesh, Email: camssah@
camsonline.com Tel: (0132) 6450137, Fax: 2712507 Salem: No. 2, 0Ist Floor, Vivekananda Street, New Fairlands, Salem – 636016, Tamilnadu, Email:
[email protected] Tel: (0427) 4041129, Fax: 2330592 Sambalpur: C/o, Raj Tibrewal & Associates, Opp. Town High School, Sansarak,
Sambalpur – 768001, Orissa, Email: [email protected] Tel: 9238120074, Fax: 2405606 Sangli: Jiveshwar Krupa Building, Shop. No. 2,
Ground Floor, Tilak Chowk Harbhat Road, Sangli - 416416. Tel: 7066316616, Email: [email protected] Satara: 117 / A / 3 / 22, Shukrawar
Peth, Sargam Apartment, Satara – 415002, Maharashtra, Email: [email protected] Tel: (2162) 645297, Fax: 281706 Shahjahanpur: Bijlipura,
Near Old Dist. Hospital, Jail Road, Shahjahanpur – 242001, Uttar Pradesh, Email: [email protected] Tel: 9235405751 Shillong: 03rd Floor,
RPG Complex, Keating Road, Shillong – 793001, Meghalaya, Email: [email protected] Tel: 0364-3560860 Shimla: 01st Floor, Opp. Panchayat
Bhawan Main Gate Bus Stand, Shimla – 171001, Himachal Pradesh, Email: [email protected] Tel: (177) 2656161, Fax: 6190997 Shimoga:
No.65 1st Floor, Kishnappa Compound, 01st Cross, Hosmane Extn., Shimoga – 577201, Karnataka, Email: [email protected] Tel: (08182)
222706, Fax: 271706 Siliguri: 17B, Swamiji Sarani, Siliguri – 734001, West Bengal, Email: [email protected] Tel: 9735316555, Fax: 2531024
Sirsa: M. G. Complex, Bhawna Marg, Beside Over Bridge, Sirsa – 125055, Haryana, Email: [email protected] Tel: (1666) 233593, 9254303806
Sitapur: Arya Nagar, Near Arya Kanya School, Sitapur – 261001, Uttar Pradesh, Email: [email protected] Tel: 05862-271399 Solan: 01st
Floor, Above Sharma General Store, Near Sanki Rest House, The Mall, Solan – 173212, Himachal Pradesh, Email: [email protected] Tel: (1792)
640621, 220705 Solapur: Flat No. 109, 01st Floor, A Wing, Kalyani Tower, 126 Siddheshwar Peth, Near Pangal High School, Solapur – 413001,
Maharashtra, Email: [email protected] Tel: 0217 – 2724547, Fax: 2724548 Sri Ganganagar: 18-L Block, Sri Ganganagar – 335001, Rajasthan,
Email: [email protected] Tel: 9214245818, Fax: (0154) 2476742 Srikakulam: Door No. 10-5-65, 1st Floor, Dhanwanthri Complex, Kalinga
Road, Opp Chandramouli Departmental Store, Near Seven Roads Junction, Srikakulam - 532 001. Tel: (08942) 228288, Email: camssrk@camsonline.
com Sultanpur: 967, Civil Lines, Near Pant Stadium, Sultanpur – 228001, Uttar Pradesh, Email: [email protected] Tel: 05362-227562. Surat:
Shop No. G-5, International Commerce Center, Near Kadiwala School, Majura Gate, Ring Road, Surat - 395 002. Email: [email protected] Tel:
(0261) 6540128, 6540731, Fax: 6541930 Surendranagar: Shop No. 12, M.D. Residency, Swastik Cross Road, Surendranagar - 363001. Tel: (02752)
232599. Email: [email protected] Tambaram: 3rd Floor, B R Complex, No. 66, Door No. 11A, Ramakrishna Iyer Street, Opp. National
Cinema Theatre, West Tambaram, Chennai - 600 045, Tel: (044) 22267030 / 29850030 Email: [email protected] Thane: Dev Corpora, 1st
floor, Office no. 102, Cadbury Junction, Eastern Express way, Thane (West) – 400 601. Email id: [email protected], Tel. No: 022-62791000.
Thiruvalla: 1st Floor, Room No - 61(63), International Shopping Mall, Opp. St. Thomas Evangelical Church, Above Thomson Bakery, Manjady,
Thiruvalla - 689105. Email: [email protected] Tiruppur: 1 (1), Binny Compound 2nd Street, Kumaran Road, Tiruppur - 641 601, Tel: (0421)
4242134 Tinsukia: Bangiya Vidyalaya Road, Near Old Post Office, Durgabari, Tinsukia, Assam - 786125. Tel: 7896502265. Email: camstin@
camsonline.com Tirunelveli: No. F4, Magnem Suraksaa Apartments, Tiruvananthapuram Road, Tirunelveli - 627 002. Email: camstrv@camsonline.
com Tel: (0462) 6455081, Fax: 2333688 Tirupati: Shop No. 6, Door No. 19-10-8, (Opposite Passport Office), AIR Bypass Road, Tirupati – 517501,
Andhra Pradesh, Email: [email protected] Tel: (0877) 6561003, Fax: 2225056 Thiruvalla: 24/590-14, C.V.P Parliament Square Building
Cross Junction, Thiruvalla, Kerala - 689 101, Tel: (0469) 2707999 Tirupur: 1 (1), Binny Compound, II Street, Kumaran Road, Tirupur – 641601,
Tamilnadu, Email: [email protected] Tel: (0421) 6455232, Fax: 4242134 Tiruvalla: 24/590-14, C.V.P Parliament Square Building, Cross
Junction, Tiruvalla – 689101, Kerala, Email: [email protected] Tel: (469) 6061004 Trichur: Room No. 26 & 27, Dee Pee Plaza, Kokkalai,

12
Trichur – 680001, Kerala, Email: [email protected] Tel: (0487) 6060019, Fax: 245002 Trichy: No. 8, 01st Floor, 8th Cross West Extn,
Thillainagar, Trichy – 620018, Tamilnadu, Email: [email protected] Tel: (0431) 4220862, Fax: 2741717 Trivandrum: TC NO: 22/902, 1st
Floor, Blossom Building, Opp. NSS Karayogam, Sasthamangalam Village P.O, Thiruvananthapuram, Trivandrum – 695010. Tel: (0471) 4617690,
Email: [email protected] Tuticorin: 4B/A16, Mangal Mall Complex, Ground Floor, Mani Nagar, Tuticorin – 628003, Tamilnadu, Email:
[email protected] Tel: (461) 6455770 Udaipur: 32, Ahinsapuri, Fatehpura Circle, Udaipur - 313 001. Email: [email protected] Tel:
0294-2461066, Fax: 2454567 Ujjain: 1st Floor, Siddhi Vinayak Trade Center, Adjacent to our existing Office at 109, Shahid Park, Madhya Pradesh,
Ujjain - 456010. Tel: (0734) 4030019. Email: [email protected] Unjha (Parent: Mehsana): 10/11, Maruti Complex, Opp. B. R. Marbles,
Highway Road, Unjha – 384170, Gujarat, Email: [email protected] Vadodara: 103 Aries Complex, Bpc Road, Off R. C. Dutt Road, Alkapuri,
Vadodara – 390007, Gujarat, Email: [email protected] Tel: (0265) 3018032, 8031, Fax: 3018030 Valsad: 03rd Floor, Gita Nivas, Opp. Head
Post Office, Halar Cross Lane, Valsad – 396001, Gujarat, Email: [email protected] Tel: 9228000239 Vapi: 208, 02nd Floor, Heena Arcade,
Opp. Tirupati Tower, Near G.I.D.C. Char Rasta, Vapi – 396195, Gujarat, Email: [email protected] Tel: 9104883239 Varanasi: Office No. 1,
02nd Floor, Bhawani Market, Building No. D-58/2-A1, Rathyatra, Beside Kuber Complex, Varanasi – 221010, Uttar Pradesh, Email: camsvar@
camsonline.com Tel: 9235405922, Fax: 2202126. Vashi: BSEL Tech Park, B-505, Plot no 39/5 & 39/5A, Sector 30A, Opp. Vashi Railway Station, Vashi,
Navi Mumbai – 400705. Email id: [email protected]. Vasco (Parent Goa): No. DU 8, Upper Ground Floor, Behind Techoclean Clinic, Suvidha
Complex, Near ICICI Bank, Vasco – 403802, Goa, Tel: (0832) 3251755 Vellore: Door No 86, BA Complex, 1st Floor, Shop No 3, Anna Salai (Officer
Line), Tollgate, Vellore - 632 001. Tel: (0416) 2900062, Email: [email protected] Vijayawada: 40-1-68, Rao & Ratnam Complex, Near
Chennupati Petrol Pump, M. G. Road, Labbipet, Vijayawada – 520010, Andhra Pradesh, Email: [email protected] Tel: 0866-2488047, Fax:
6695657 Visakhapatnam: Flat No GF2, D NO 47-3-2/2, Vigneswara Plaza, 5th Lane, Dwarakanagar, Andhra Pradesh, Visakhapatnam - 530 016, Tel:
(0891) 2791940 Warangal: Hno. 2-4-641, F-7, 01st Floor, A.B.K Mall, Old Bus Depot Road, Ramnagar, Hanamkonda, Warangal - 506001, Telengana,
Email: [email protected] Tel: (0870) 6560141, Fax: 2554888 Yamuna Nagar: 124-B/R, Model Town Yamunanagar - 135001, Haryana, Email:
[email protected] Tel: 01732-796099, Fax: 225339 Yavatmal: Pushpam, Tilakwadi, Opp. Dr. Shrotri Hospital, Yavatmal – 445001, Maharashtra,
Email: [email protected] Tel: (07232) 237045, Fax: 237045 Kalyan: Office No. 413, 414, 415, 4th Floor, Seasons Business Centre, Opp. KDMC
(Kalyan Dombivli Municipal Corporation), Shivaji Chowk, Kalyan (W) - 421 301. Email: [email protected].

OFFICIAL POINT OF ACCEPTANCE FOR TRANSACTIONS IN ELECTRONIC FORM

Eligible investors can undertake any transaction, including purchase / redemption / switch and avail of any services as may be provided by Tata Asset
Management Company Private Limited (AMC) from time to time through the online / electronic modes via various sources like its official website -
www.tatamutualfund.com, mobile handsets, designated email-id(s), etc. Additionally, this will also cover transactions submitted in electronic mode
by specified banks, financial institutions, distributors etc., on behalf of investors, with whom AMC has entered or may enter specific arrangements
or directly by investors through secured internet sites operated by CAMS. The servers including email servers (maintained at various locations) of
AMC and CAMS will be the official point of acceptance for all such online / electronic transaction facilities offered by the AMC to eligible investors.
POINTS OF SERVICE (“POS”) OF MF UTILITIES INDIA PRIVATE LIMITED (‘MFUI’) AS OFFICIAL POINTS OF ACCEPTANCE (OPA) FOR
TRANSACTIONS THROUGH MF UTILITY (“MFU”)
Both financial and non-financial transactions pertaining to scheme(s) of Tata Mutual Fund (‘the Fund’) can be done through MFU at the authorized POS
of MFUI. The details of POS published on MFU website at www.mfuindia.com will be considered as Official Point of Acceptance (OPA) for transactions
in the Scheme.
AMFI CERTIFIED STOCK EXCHANGE BROKERS/ CLEARING MEMBERS / DEPOSITORY PARTICIPANTS# AS OFFICIAL POINTS OF
ACCEPTANCE FOR TRANSACTIONS (PURCHASE/ REDEMPTION) OF UNITS OF TATA MUTUAL FUND SCHEMES THROUGH THE STOCK
EXCHANGE(S) INFRASTRUCTURE
# For Processing only Redemption Request of Units Held in Demat Form. The eligible AMFI certified stock exchange Brokers/ Clearing Members/
Depository Participants who have complied with the conditions stipulated in clause 16.2.4.8 of Master Circular for stockbrokers viz. AMFI/ NISM
certification, code of conduct prescribed by SEBI for Intermediaries of Mutual Fund will be considered as Official Points of Acceptance (OPA) of the
Mutual Fund.

DETAILS FOR ONGOING COLLECTION BANKERS:

Bank Name / Address IFSC Code

HDFC BANK LIMITED - MOTWANI CHAMBERS - FORT BRANCH HDFC0000060

ICICI BANK LIMITED - CAPITAL MARKET BRANCH ICIC0000004

MF CENTRAL AS OFFICIAL POINTS OF ACCEPTANCE (OPA) FOR TRANSACTIONS

As per clause 16.6 of Master Circular, Kfin Technologies Private Limited (“KFintech”) and Computer Age Management Services Limited (“CAMS”)
have jointly developed MFCentral - A digital platform for transactions/ service requests by Mutual Fund investors. Accordingly, MF Central will be
considered as an Official Point of Acceptance (OPA) for transactions in the Scheme.

13
Investor Service Centres - AMC OFFICES Call: (022) 6282 7777 (Monday to Saturday 9:00 am to 5:30 pm)

West Zone:
Aurangabad: Plot No 66, Bhagya Nagar, Near S T Office, Kranti Chowk Police Station to Employment Office Road, Aurangabad - 431001.
Tel: (0240) 2351591/90. Ahmedabad: 402, ‘Megha House’, Mithakhali - Law Garden Road, Netaji Marg, Ahmedabad - 380 006. Tel.: 079
- 26466080 / 40076949. Bhopal: MF-12, Block-A, Mansarovar Complex, Near Habibganj Railway Station, Bhopal - 462 016. Tel.: 0755 -
2574198 / 4209752. Borivali: Shop No. 1 and 2, Ground Floor, Ganjawalla Residency, Ganjawalla Lane, Borivali West, Mumbai - 400092. Tel.:
022- 28945923 / 8655421234. Goa: F- 4, 1st Floor, Edcon Tower, Next to Hotel Salida Del Sol, Near Apple Corner, Menezes Braganza Road,
Panaji - Goa - 403 001. Tel.: 7888051135, Fax: 0832-2422135. Jabalpur: Office No. 4, 1178, Napier Town, Home Science College Road,
Jabalpur - 482 001(M.P.). Tel.: 0761-4074263 Kolhapur: Gemstone Building, Ground Floor, Opposite Parikh Pool North Side, Near Central Bus
Stand, Kolhapur - 416001, Maharashtra.Mumbai: Mulla House, Ground Floor, 51, M. G. Road, Near Flora Fountain, Mumbai - 400 001. Tel:
022- 66505243 / 66505201, Fax: 022- 66315194. Nagpur: 104, Shivaji Complex, Near Times of India, Dharampeth, WHC Road, Nagpur -
440 010, Tel.: 0712 - 6630425 / 6502885. Nashik: 5, Samriddhi Residency, Opp Hotel City Pride, Tilakwadi, Nashik - 422 002. Tel.: (0253)
2959098, Fax: 0253-2579098. Navsari: Shop No.1, Swiss Cottage, Ashanagar Main Road, Navsari - 396 445. Tel: 02637 - 281991. Pune:
Kohinoor B-Zone, Shop no. 110, 1st Floor, Old Mumbai-Pune Highway, Near Pimple Petroleum, Above Maharashtra Electronics, Pimpri, Pune
- 411 017. Tel.: 020-41204949 / 950. Rajkot: 402, The Imperia, Opp. Shastri Maidan, Limda Chowk, Rajkot - 360 001. Tel: (0281) 2964848
/ 849 Surat: G-18, Ground Floor, ITC Building, Near Majuragate, Ring Road, Surat – 395 002. Tel.: 0261 - 4012140, Fax: 0261-2470326.
Thane: Shop No. 9, Konark Tower, Ghantali Devi Road, Thane (West) - 400 602. Tel.: 022 – 25300912. Vadodara: Emerald One, 314, 3rd
Floor, Jetalpur Main Road, Before Jetalpur Bridge, Jetalpur, Vadodara - 390 007. Tel.: (0265) 2991037, Fax: 0265-6641999.
East Zone:
Bhubaneswar: Room-309, 3rd Floor, Janpath Tower, Ashok Nagar, Bhubaneswar - 751009. Tel.: 0674 -2533818/ 7064678888. Dhanbad:
Shriram Plaza, 2nd Floor, Room No.202 (B), Bank More, Jharkhand, Dhanbad - 826 001. Tel.: 0326-2300304 / 9234302478. Durgapur: 8C,
8th Floor, Pushpanjali, C-71/A, Saheed Khudiram Sarani, City Centre, Durgapur - 713 216. Tel: (0343) 2544463/65. Guwahati: Jain Complex,
4th Floor, Beside Axis Bank, G. S. Road, Guwahati - 781005. Tel: (0361) 2343084. Jamshedpur: Voltas House, Mezzanine Floor, Main Road
Bistupur, Jamshedpur - 831001. Tel.: 0657-2321302 / 363 / 6576911. Kolkata: Apeejay House, Ground Floor, 15, Park Street, Kolkata -
700016. Tel.: (033) 44063300/3301/3331/3319. Fax: 033-4406 3315. Patna: 301, 3rd Floor, Grand Plaza, Frazer Road, Patna - 800 001.
Tel.: (0612) 2216994. Raipur: Shop No. S-10, 2nd Floor, Raheja Tower, Near Fafadhi Chowk, Jail Road, Raipur (Chhattisgarh) 492001. Tel.:
0771-4040069 / 6537340. Ranchi: 406 - A, 4th Floor, Satya Ganga Arcade, Sarjana Chowk, Lalji Hirji Road, Ranchi - 834001. Tel.: 0651-
2210226 / 8235050200. Siliguri: Shop No. 10, 1st Floor, Block-C, Shelcon Plaza, Kartar Market, Sevoke Road, Siliguri, Darjeeling - 734001.
North Zone:
Ajmer: 02 Floor, Agra Gate Circle, P. R. Marg, Behind Chandak Eye Hospital, Ajmer - 305 001. Tel: (0145) 2625316. Agra: Unit No. 2, 1st
Floor, Block No. 54, Prateek Tower Commercial Complex, Sanjay Place, Agra| - 282002. Tel.:- 0562-2525195. Allahabad: Shop No. 10, Upper
Ground Floor, Vashistha Vinayak Tower, Tashkand Marg, Civil Lines, Allahabad -211 001. Tel.:- 0532-2260974. Amritsar: Mezzanine Floor,
S.C.O – 25, B Block, District Shopping Complex, Ranjit Avenue, Amritsar – 143 001. Tel.: 0183-5011181/5011190. Chandigarh: SCO - 2473-
74, 1st Floor, Sector- 22C, Chandigarh - 160 022. Tel.: 0172-5037205/5087322, Fax: 0172 - 2603770. Dehradun: Shop No. 19, Ground
Floor, Shree Radha Palace, 78, Rajpur Road, Dehradun – 248 001, Uttarakhand. Tel.: 0135-2740877 / 2741877. Gorakhpur: Shop No. 4,
Cross Road Mall, First Floor, A.D. Chowk, Bank Road, Gorakhpur - 273001 (UP). Tel: (0551) 4051010, Mob: 91 8924951944. Ghaziabad:
Office No. 7, Second Floor, Astoria Boulevard, RDC, Ghaziabad - 201 002 U.P. Tel: (0120) 3592835 Gurgaon: Unit No. 209, 2nd Floor, Vipul
Agora Mall, Sector 28, M. G. Road, Gurgaon - 122 001. Indore: 204, D.M. Tower, Race Course Road, Near Zanjeerwala Chourha, Indore -
452 003. Tel.: 0731-4201806, Fax 0731-4201807. Jaipur: Office Number 52-53, 1 Floor, Laxmi Complex, Subhash Marg, M.I. Road Corner,
C Scheme, Jaipur - 302 001. Tel.: 0141 - 5105177 / 78 / 2389387, Fax: 5105178. Jalandhar: Office No-36, Second Floor, One Park Side
Building, Guru Nanak Mission Chowk adjoining Care Max Hospital. Jalandhar- 144001. Tel: (0181) 5001025 Jammu: Hall No. - 312/A2, South
Block, Bahu Plaza, Jammu - 180 012. Tel.: (0191) 4504744 Jodhpur: 840, Sanskriti Plaza, Mezzanine Floor, Opp. HDFC Bank, 9th Chopasani
Road, Sardarpura, Jodhpur - 342003. Tel: (0291) 2631257. Kanpur: 4th Floor, Office No. 412 - 413, KAN Chambers, 14 / 113, Civil Lines,
Kanpur - 208 001. Tel.: 0512-2306065 / 6066, Fax: 0512 - 2306065. Lucknow: 11 B & 12, Ground Floor, Saran Chamber II, Vikramaditya
Marg, 5 Park Road, Lucknow - 226001. Tel: (0522) 4001731 / 4308904 Ludhiana: Cabin No. 201, 2nd. Floor, SCO 18, Opp Ludhiana Stock
Exchange, Feroze Gandhi Market, Ludhiana - 141 001. Tel.: 0161-5089667 / 668, Fax: 0161-2413498. Meerut: G-13, Rama Plaza, Near
Bachha Park, Western Kutchery Road, Meerut (U.P.) – 250 001. Tel.: 0121-4035585. Moradabad: Ground Floor, Near Hotel Rajmahal, Civil
Lines, Moradabad – 244 001, Tel.: 0591-2410667. New Delhi: Flat No. 506 - 507, Kailash Building, 26, Kasturba Gandhi Marg, Connaught
Place, New Delhi - 110001. Tel.: 011-66324101/102/103/104/105, Fax: 011-66303202. Noida: Shop No - 2, First Floor, Wave Silver Tower,
Noida, Sector 18, Noida - 201301 U.P. Tel.: (0120) 6662083 Udaipur: 222/16, First Floor, Mumal Tower, Above IDBI Bank, Saheli Marg,
Udaipur- 313001. Tel: (0294) 2429371 / 7230029371, Fax: 011-66303202. Varanasi: D-64/127, 2nd Floor, C-H Arihant Complex, Sigra,
Varanasi - 221010 Tel.: 0542-2222179 / 2221822.
South Zone:
Bengaluru: 91, Springboard Business Hub Private Ltd. Gopala Krishna Complex, 45/3, Residency Road, MG Road, Shanthala Nagar, Ashok
Nagar, Bengaluru, Karnataka 560025. Tel.: 080 45570100. Fax: 080-22370512. Chennai: 3rd Floor, Sri Bala Vinayagar Square, No.2, North
Boag Road, Near AGS Complex, T Nagar, Chennai - 600 017. Tel.: 044 - 48641878 / 48631868 / 48676454. Fax: 044-43546313. Cochin:
2nd Floor, Ajay Vihar, Near Hotel Avenue Regent, M. G. Road, Cochin - 682 016. Tel.: 0484-4865813 / 814 / 815. Fax: 0484 - 2377581.
Coimbatore: Tulsi Chambers, 195-F, Ground Floor, West T V Swamy Road, R S Puram, Coimbatore – 641002. Tel.: 0422-4365635, Fax:
2546585. Hyderabad: 1st Floor, Nerella House, Nagarjuna Hills, Above Kotak Mahindra Bank, Punjagutta, Hyderabad - 500082. Tel.: 040-
67308989 / 8901 / 8902. Fax: 040-67308990. Hubli: No 19 & 20, 1st Floor, Eureka Junction, T B Road, Hubli – 580029. Tel.: 0836 - 4251510
Fax: 4251510. Kottayam: CSI Ascention Square, Logos Junction, Collectorate P. O., Kottayam - 686 002. Tel.: 0481 2568450. Mangalore:
Essel Towers, 1st Floor, Bunts Hostel Circle, Above UTI Bank, Mangalore - 575 003. Tel.: 0824 - 4260308. Madurai: 1st Floor, Old No.
11B, Opp. Sethupathy Higher Secondary School, North Veli Street, Madurai – 625 001. Tel.: 0452-4246315 Fax: 0452-4246315. Mysore:
CH-16, 1st Floor, Prashanth Plaza, 4th Main, 5th Cross, Saraswathipuram, Mysore - 570009. Tel.: 0821 - 4246676 Fax: 4246676. Salem:
Kandaswarna Shopping Mall, First Floor, 1/194/4, Saradha College Main Road, Fairlands, Salem - 636016, Tamil Nadu. Tel: (0427) 4042028.
Thrissur: 4th Floor, Pathayappura Buildings, Round South, Thrissur - 680 001. Tel.: 0487 - 2423330. Trivandrum: Ground Floor, Sai Kripa
Building, TC-1956/3, Ganapthi Temple Road, Vazhuthacaud, Trivandrum – 695 014. Tel.: 0471 - 4851431. Trichy: C-53/4, Sky Tower, 4th
Floor, 5th Cross, Thillai Nagar, North East, Trichy - 620018. Tel.: (0431) 4024060. Vijaywada: D No: 38-8-42, Plot No - 303, White House
Complex, 3rd Floor, M G Road, Vijayawada - 520010, Tel: (0891) 2503292. Visakhapatnam: Door No: 47-15-13/35, Navaratna Jewel Square,
Shop No. 7, 3rd Floor, Near Khajana to Jyothi Book Depot Station Road, Dwarakanagar, Visakhapatnam - 530016, Tel: (0891) 2503292.
June 2024
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