Tata Ethical Fund

An open-ended equity scheme

following Shariah principles)

March 2021
HOW YOU EARN IS AS IMPORTANT AS HOW MUCH
IS FINANCIAL PLANNING IS IN YOUR CONTROL ?

TOTAL CONTROL
Asset
Allocation and
Location

Market
Savings Vs
Returns
Spending

Financial OUT OF YOUR

Planning CONTROL
Policy
Employment Regarding
Earnings and taxation,
Duration savings and
Benefits

Longevity

SOME CONTROL
 HOW YOU EARN IS AS IMPORTANT AS HOW MUCH

Assumption Rehan Maryam Zoya Usman

Investment start age 25 35 45 55

Invest till age 60 60 60 60

Investment amt per month 10,000 10,000 10,000 10,000

Total investment amt 4,200,000 3,000,000 1,800,000 600,000

Investment value at age 60 -

22,938,825 9,510,264 3,460,382 734,769
At 8%
Investment value at age 60 -
37,966,381 13,268,334 4,144,703 774,371
At 10%
Investment value at age 60 -
64,309,595 18,788,466 4,995,802 816,697
At 12%
Investment value at age 60 -
146,771,802 32,435,296 6,685,068 885,745
At 15%

Initial Amount Invested is Rs 10,000. The investment is growing at different assumed rates over the years. The above example given in the
table is for illustration purpose only.
 TATA ETHICAL FUND - POSITIONING

Portfolio of • Low leverage companies

Strong • Strong capital structure
Companies • High cash generating companies
SHARIAH
COMPLIANT
Diversified • No exposure to Banking & FUND
Equity Fund Finance sector
with a • Avoids sin sector investments
Difference like alcohol

For companies to be Shariah compliant, their total

Low Leverage interest-bearing debt should not be greater than 25% of
their total assets
High Cash For companies to be Shariah Compliant, their receivables
Generating and cash & bank balances should not be greater than 90%
Companies of their total assets.

As per our Shariah Advisor Tasis

TATA ETHICAL FUND – PROHIBITED SECTORS

I. Conventional Financial Institutions based on Riba (Interest) or

Gharar(Uncertainty)
II. Alcoholic Beverages
III. Gaming / Gambling / Casino / Games of Chance
IV. Pork
V. Non-halal Food Products
VI. Entertainment and Leisure Related To Pornography or Adult Content
VII. Hospitality / Hotels
VIII. Weapon or ammunition sector
IX. Other activities as may be prohibited under Shariah Principles and notified by
the Shariah Advisor from time to time.
As per our Shariah Advisor Tasis
HOW WE INVEST IN EQUITIES ?
Growth At Reasonable Price (GARP) - our predominant investment style

Earnings
growth
prospects

Five Point
Evaluation of
Stocks

Fundamental Aims for

research- Tactical Better Risk
Core Set of
driven stock opportunity adjusted
Stocks
selection set Investment
process performance
THE CORE AND TACTICAL APPROACH

Core Set Tactical

opportunity set

Good medium to long

term growth Businesses having
opportunities a basic standard of
quality

Portfolio
Inherent strengths / Construction
strong market position Providing Valuation
in their business areas approach
Comfort

Business with
Compounding
characteristics, Companies with
management quality,
Earning Triggers
superior capital
efficiency
RISK REWARD MATRIX - EQUITY

Ethical Funds are more Riskier than Large Cap , Mid and Small Cap Fund since
its a Thematic Fund

Ethical
Small Fund
VOLATILITY

Mid and Caps (Themati

Small c Fund)
VOLATILITY
Large &
Large Mid Cap Cap
Cap Funds & Funds
Index
Funds Funds Multi
Hybrid Cap
Funds Funds

RETURNS
INVESTOR PROFILE

Investors with moderate to

high-risk appetite

Investors keen to invest in

Diversified equity Fund with
no Banking & High leverage
companies' exposure

Suitability

Investors seeking Shariah

Compliant Fund

Investment horizon of 3
Years and above
FUND FACTS

Benchmark Nifty 500 Shariah TRI (WEF From 1st February 2018)

Performance History Over 23 Years (Inception Date May 24, 1996)

Portfolio Orientation Diversified Portfolio built from Shariah compliant universe of securities

Fund Manager Ennette Fernandes (Fund Manager) (Managing Since 20th April 2020)

1) Redemption/Switch-out/SWP/STP on or before expiry of 365 days

from the date of allotment: If the withdrawal amount or switched out
amount is not more than 12% of the original cost of investment. – NIL.
Exit Load 2) Redemption/Switch-out/SWP/STP on or before expiry of 365 days
from the date of allotment: If the withdrawal amount or switched out
amount is more than 12% of the original cost of investment. – 1.00%.
3) Redemption/Switch-out/SWP/STP after expiry of 365 days from the
date of allotment. – NIL.
 EQUITY PORTFOLIO DETAILS
Tata
HCL Tech Carborundum
Sundaramfast
Technologies
Consumer Mahindra Universal
ners Ltd.,
Ltd.,
Top 10 Sectors
Ltd.,
Products
5.70%
Ltd., 2.91% 2.78%
2.67%
Ltd., 3.35%
Hindustan
Unilever
Ltd., 2.61% 34.63%
It

22.07%
Infosys Ltd., Consumer Goods
11.38% Tata Elxsi India
Ltd., 2.59% Industrial 15.13%
Ambuja Manufacturing
Tata
Cements
Consultancy
Ltd., 4.20% Cement & Cement 5.28%
Services Ltd.,
Portfolio Composition Products
10.50%
4.70%
Oil & Gas
Market Cap Exposure 3.47%
Pharma

60.36% 3.43%
Automobile
24.56%15.08%
1.50%
Consumer Services

1.49%
Services
Large Cap Exposure Mid Cap Exposure
Small Cap Exposure Details as on Mar 31,2017

* Portfolio Composition as per our Internal Calculation. For Market Cap : Please refer note no 9 under Disclaimer.
Data as of 31st March 2021
DIVERSIFICATION ACROSS MARKET CAPITALIZATION
Last 1yr Average Large cap* exposure – 62%
Market Capitalisation Trend
100

80 26 26 24 23
35 35 26 26 24 23 27 25
60

40

20

0
Jul-20
Jun-20
Apr-20

Jan-21
May-20

Nov-20
Aug-20

Sep-20

Dec-20

Feb-21

Mar-21
Oct-20
Large Cap Mid Cap Small Cap

Data as of 31st March 2021

* For Market Cap : Please refer note no 9 under Disclaimer.

Source: Internal analysis
 TATA ETHICAL FUND - Current Value of Initial Investment of RS. 10,000/-

485,500
445,500
405,500
Rs.4,30,819
365,500
325,500
285,500
245,500
205,500
Rs. 1,81,975
165,500
125,500
85,500
45,500
Rs. 52,083
5,500

Tata Ethical Fund Nifty 500 Shariah TRI Nifty 50 TRI

Performance of Scheme

Tata Ethical Fund Nifty 500 Shariah TRI* Nifty 50 TRI#

Period Return % Rs. Return % Rs. Return % Rs.

1 Year 66.01% 16,601 78.45% 17,845 72.54% 17,254
3 Year 12.56% 14,278 15.15% 15,292 14.58% 15,064
5 Year 12.44% 17,976 17.23% 22,148 15.12% 20,228
Since Inception 16.34% 430,819 NA NA 12.37% 181,975
Inception Date 24-May-96 Managing Since 09-Mar-21

Data as of 31st March 2021

Fund Manager : Ennette Fernandes (Fund Manager) (Managing Since 9th March 2021)
Past performance may or may not be sustained in future
Nifty 500 Shariah TRI Index inception date is from 29th December 2006.
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully
PERFORMANCE OF OTHER SCHEMES MANAGED BY ENNETTE FERNANDES

Tata India Tax Savings Fund S&P BSE Sensex TRI*

Period Return % Rs. Return % Rs.

1 Year 67.23% 16,723 69.82% 16,982
3 Year 10.62% 13,552 15.81% 15,559
5 Year 14.31% 19,525 15.73% 20,773
Since Inception 18.59% 711,750 13.10% 217,615
Inception Date 31-Mar-96 Managing Since 18-Jun-18

Tata Focused Equity Fund S&P BSE 200 TRI* S&P BSE Sensex TRI#

Period Return % Rs. Return % Rs. Return % Rs.

1 Year 71.26% 17,126 76.26% 17,626 69.82% 16,982
3 Year NA NA NA NA NA NA
5 Year NA NA NA NA NA NA
Since Inception 16.82% 12,279 20.12% 12,739 17.04% 12,309
Inception Date 05-Dec-19 Managing Since 09-Mar-21

Tata India Consumer Fund Nifty India Consumption TRI* Nifty 50 TRI#

Period Return % Rs. Return % Rs. Return % Rs.

1 Year 48.52% 14,852 47.78% 14,778 72.54% 17,254
3 Year 8.48% 12,778 9.21% 13,039 14.58% 15,064
5 Year 17.88% 22,771 13.13% 18,540 15.12% 20,228
Since Inception 15.85% 21,683 11.49% 17,718 13.87% 19,803
Inception Date 28-Dec-15 Managing Since 18-Jun-18

Data as of 31st March 2021

Past performance may or may not be sustained in future
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully
PERFORMANCE OF OTHER SCHEMES MANAGED BY ENNETTE FERNANDES

Tata Retirement Savings Fund - Progressive Plan S&P BSE 200 TRI* S&P BSE Sensex TRI#

Period Return % Rs. Return % Rs. Return % Rs.

1 Year 55.20% 15,520 76.26% 17,626 69.82% 16,982
3 Year 9.86% 13,273 13.74% 14,737 15.81% 15,559
5 Year 15.22% 20,311 15.50% 20,562 15.73% 20,773
Since Inception 14.87% 36,915 13.71% 33,538 13.22% 32,195
Inception Date 01-Nov-11 Managing Since 18-Jun-18

Crisil Hybrid 25+75 - Aggressive

Tata Retirement Savings Fund - Moderate Plan S&P BSE Sensex TRI#
Index*
Period Return % Rs. Return % Rs. Return % Rs.
1 Year 47.68% 14,768 57.06% 15,706 69.82% 16,982
3 Year 9.28% 13,064 13.23% 14,535 15.81% 15,559
5 Year 13.53% 18,867 14.22% 19,445 15.73% 20,773
Since Inception 15.02% 37,368 12.85% 31,214 13.22% 32,195
Inception Date 01-Nov-11 Managing Since 18-Jun-18

CRISIL Short Term Debt Hybrid

Tata Retirement Savings Fund - Conservative Plan CRISIL 10 Year Gilt Index#
75+25 Fund Index*
Period Return % Rs. Return % Rs. Return % Rs.
1 Year 18.37% 11,837 22.83% 12,283 3.60% 10,360
3 Year 7.45% 12,416 10.32% 13,442 8.24% 12,693
5 Year 9.06% 15,434 10.32% 16,346 7.17% 14,141
Since Inception 9.46% 23,433 10.18% 24,913 7.76% 20,209
Inception Date 01-Nov-11 Managing Since 18-Jun-18

Data as of 31st March 2021

Past performance may or may not be sustained in future
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully
DISCLAIMER
1. Scheme returns in terms of CAGR are provided for past 1 year, 3 years, 5 years and since inception.
2. Point-to-point returns on a standard investment of Rs. 10,000/- are in addition to CAGR for the schemes.
3. Different plans shall have a different expense structure. The performance details provided herein are of regular plan Growth
Option except for Tata India Tax Savings Fund & Tata Mid Cap Growth Fund where performance details given is for regular plan
for dividend option.
4. NA stands for schemes in existence for more than 1 year but less than 3 years or 5 years, or instances where benchmark data for
corresponding period not available.
5. Period for which schemes performance has been provided is computed basis last day of the month - end preceding the date of
advertisement.
6. Past performance may or may not be sustained in future. For computation of since inception returns the allotment NAV has been
taken as Rs. 10.00 . All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV.
Load is not considered for computation of returns. While calculating returns dividend distribution tax is excluded. Scheme in
existence for less than 1-year performance details are not provided.
7. The last 2 columns represents additional benchmark.
8. *Scheme Benchmark , # Additional Benchmark.
9. Market capitalization as per SEBI circular : A) Large Cap: 1st -100th company in terms of full market capitalization. B) Mid Cap:
101st -250th company in terms of full market capitalization. C) Small Cap: 251st company onwards in terms of full market
capitalization.

Mutual Fund Investments are subject to market risks,

read all scheme related documents carefully
Toll Free Number : 1800-209-0101 | SMS: TMF to 57575
Dislosure for Composite CAGR Calculation
Scheme Name Index Name Since Inception

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

Mutual Fund Investments are subject to market risks,

read all scheme related documents carefully
Toll Free Number : 1800-209-0101 | SMS: TMF to 57575